Atlantic Marine Expanding Its Rig Repair Capabilities

April 15, 2004

Atlantic Marine, Inc. has acquired a heavy lift barge, and it is located at its new home on Pinto Island here at the Port of Mobile on the Gulf of Mexico. The barge, named the Mobile Heavy Lifter, will expand Atlantic Marine's capabilities allowing it to accommodate offshore rigs, jackups and semisubmersibles that due to size restrictions are currently unable to fit on Atlantic Marine's largest dry dock; the 50,000 ton drydock, Alabama. The heavy lift barge has a length of 393-ft., breadth of 131-ft. with a lifting capacity of 19,000 tons. Ron J. McAlear, President of Atlantic Marine, Inc. said, "The addition of the heavy lift barge to our facility in Mobile is part of our ongoing commitment to keep Atlantic Marine –Mobile one of the premier shipyards in the United States. The Mobile Heavy Lifter assures that we are a complete, well-rounded ship and rig repair facility equipped to meet all of our customers repair needs." Atlantic Marine -Mobile and its sister company, Alabama Shipyard, are divisions of Atlantic Marine, Inc. Atlantic Marine -Mobile specializes in repair and conversions of vessels and offshore rigs for both international and domestic markets and Alabama Shipyard builds new vessels for the maritime industry.

Atlantic Marine Expanding Its Rig Repair Capabilities

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