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Cashman, Caspian Sea Accommodations

Maritime Activity Reports, Inc.

April 14, 2009

Cashman Equipment Corporation was awarded a three year contract by AGIP KCO, ERSAI, SAIPEM to provide living accommodations for 580 personnel in the Caspian Sea in the Kashagan field. Cashman Equipment constructed 108 buildings in its yard in Amelia, converted two ex Navy Barges at Conrad in Amelia & Morgan City, and built two new ABS barges at Conrad in Orange, Texas and Amelia, all within a six month period. The barges are now being loaded in Pascagoula, Mississippi at Northrop Grumman’s yard on a submersible ship, the Eagle.

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