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South Puerto Rico Towing Corporation News

13 Dec 2005

Contract for New Z-Drive Harbor Tug

A contract for the Hector P., a new 4,200 hp Z-Drive harbor tug to be built by Orange Shipbuilding for South Puerto Rico Towing Corporation was signed last month. Bristol Harbor Marine Design assisted in the harbor tug contract negotiations along with the acting buyer’s agent, Eric Rivera from Harbor Bunkering Corporation of San Juan, Puerto Rico. “The HECTOR P. is going to raise the bar for tugboats in Puerto Rico,” said Mr. Rivera. BHMD will also be serving as owner’s representative throughout the duration of the project and will be responsible for project inspections and approvals. Design of the new vessel is being completed at Robert Allan, Ltd. of Vancouver, B.C.

12 Oct 2005

Conrad Announces Hurricane Impact and Addition to Backlog

Inc. for the U.S. Army. go out to the victims ravaged by these disasters. have a direct impact on any of our four shipyards. Rita did not spare our Orange employees from loss and damage. but did not receive any water damage. not damaged. be covered by our insurance program. and subcontractors' abilities to supply us with necessary goods and services. additional cost that will result from these hurricanes. facilities. fully operational at all of our facilities. qualified welders, fitters, supervisors and project management personnel. Rico Towing Corporation and the 16th ST Tug for the U.S. Army. expect any significant impact on these jobs from Hurricane Rita. additions, our current backlog is approximately $40 million. Additionally Conrad commented "We appreciate the U.S. "ST916".

12 Oct 2005

Conrad Details Impact of Hurricanes

Inc. for the U.S. Army. go out to the victims ravaged by these disasters. have a direct impact on any of our four shipyards. Rita did not spare our Orange employees from loss and damage. but did not receive any water damage. not damaged. be covered by our insurance program. and subcontractors' abilities to supply us with necessary goods and services. additional cost that will result from these hurricanes. facilities. fully operational at all of our facilities. Rico Towing Corporation and the 16th ST Tug for the U.S. Army. expect any significant impact on these jobs from Hurricane Rita. additions, our current backlog is approximately $40 million. Additionally Conrad commented "We appreciate the U.S. "ST916". Industries to U.S. Government Agencies over the past thirty years.