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ABG Shipyard Delivers Two Vessels

Maritime Activity Reports, Inc.

August 21, 2007

ABG Shipyard Ltd has announced that the company has delivered two vessels. The 173 ft. long, 90 Ton Bollard Pull Azimuth Drive Propulsion AHTS is able to carry out Anchor handling Towing Rescue, Offshore Supply, Transport Pipes, fresh water, diesel oil, Stores, Materials and equipment, move men and materials between platforms and shore, external fire fighting and other related duties. The vessel is to supply, support the Floating Production Offloading Storage (FPSO) vessels, offshore oil and gas field on a twenty four (24) hour per day basis.

The Lamnalco Macaw is the second vessel to be delivered to Lamnalco in this financial year. The Company has so far delivered 7 vessels, including the present one, to Lamnalco Group. Besides, the Company is building another 5 vessels for the Lamnalco group. The 208-ft., 80 T Bollard Pull Anchor Handling Tug Supply (AHTS) Vessel with Rolls Royce propulsion is able to carry out Anchor Handling (Brattwag Deck machinery), dry bulk handling (Progressive Technique), Towing Rescue, Offshore Supply, Transport Pipes, fresh water, diesel oil, Stores, Materials and equipment, move men and materials between platforms and shore, external fire fighting and other related duties. The vessel is to supply, support the Floating Production Offloading Storage (FPSO) vessels, offshore oil and gas field on a twenty four (24) hour per day basis. Source: Equity Bulls

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