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Bollinger and Rigdon Sign Contract for Series of PSVs

Maritime Activity Reports, Inc.

January 20, 2006

Rigdon Marine’s new GPA654 Class PSV to be built at Bollinger Shipyards

Bollinger Shipyards has announced the signing of a multi-vessel contract with Rigdon Marine Corporation. Bollinger will build ten platform supply vessels (PSV) for Rigdon Marine, based on a new GPA 654 Class, designed by Guido Perla & Associates. The design incorporates increased carrying capacity and greater operating efficiency, compared to similar sized vessels, while at the same time allowing simplified construction methods to reduce construction cost. All ten vessels are planned to be built at Bollinger’s Lockport La. facility. Donald "Boysie" Bollinger, chairman and CEO of Bollinger said, "We are excited about our upcoming program with Rigdon Marine. I have worked along side of Larry and several of his team members for many years. The timing of this state of the art PSV program is ideal for both of our organizations, and I am confident that this program is only the first of several to come.” The GPA 654 Class of PSV is a newly designed vessel that measures 190-ft. x 46-ft x 18–ft. The vessels will be diesel-electric and classed ABS +A1+AMS+DP2, USCG Subchapter L and SOLAS. Larry Rigdon, president and CEO of Rigdon Marine Corporation said, “Our organization is committed to the redevelopment of the State of Louisiana and having the next phase of our building program in Louisiana and at Bollinger is another reinforcement of that commitment.”

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