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Bollinger Delivers Tank Barge to Bouchard

Maritime Activity Reports, Inc.

May 9, 2006

Following the delivery of Bouchard’s B. No. 280 from Bollinger Gretna and the delivery of the tug Rhea Bouchard from Bollinger Algiers, the ATB set sail for Texas and its first load of cargo bound for the U.S. West Coast.

A Bollinger Shipyards, Inc. company, has delivered, B. No. 280, a double hull, 80,000 BBL oil tank barge built to meet the requirements of the Oil Pollution Act of 1990 (OPA’90), to Bouchard Coastwise Management, Corp., Hicksville, N.Y.

Following the delivery of the B. No. 280, Bollinger announced the signing of the sister ship, B. No. 282. The B. No. 282 will also be built at Bollinger Gretna, along with the previously announced 110,000 BBL, B. No. 205, a black oil barge measuring 430-feet long, with a 79-foot beam and a depth of 34-feet. Additionally, Bouchard has awarded Bollinger a 35,000 BBL barge, B. No. 233, which will be built at Bollinger Marine Fabricators in Amelia, La. Terms of the contracts were not disclosed.

The B. No. 280 is a clean oil barge measuring 399-feet long, with a 74-foot beam and a depth of 28-feet. The barge is coupled with an existing Bouchard tug, Rhea Bouchard, using the Intercon coupler system. While the B. No. 280 was in the final stages of construction, Bollinger Algiers, L.L.C., retrofitted the Rhea Bouchard with the Intercon system, regulatory recertification and completed a re-powering of the vessel.

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