Coastal Marine Awarded Contract

April 13, 2004

Coastal Marine Equipment Inc. has been awarded a contract to provide the deck machinery for the Penn Maritime ATB (tug & barge) being constructed at Bay Shipbuilding (Manitowoc Marine Group) in Sturgeon Bay, Wis. Equipment for the 140,000 barrel barge includes the 2-3/16 in. stud link anchor windlass with soft rope mooring drum; three double drum wire rope mooring winches; and three 24 in. mooring capstans. All equipment is electrically driven and provided with variable frequency drives for multiple speed operation. The tug will be fitted with a 36" hydraulic capstan and 60 HP electro-hydraulic power unit.

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