Manitowoc Awarded Contract for Double-Hull Tug/Barge Unit

Maritime Activity Reports, Inc.

December 2, 2005

The Manitowoc Company, Inc. announced that Vane Line Bunkering, Inc. has awarded Manitowoc Marine Group (MMG) a contract for the construction of a 480-ft., 145,000-barrel, double-hulled hot oil tank barge and an accompanying 6,000-horsepower tug. The ocean-going articulated tug and barge (AT/B) unit is slated for delivery in fourth quarter of 2006. This contract also provides Vane Brothers with an option for an identical AT/B unit to be delivered in the third quarter of 2007. Other contract terms were not disclosed. The Vane contract represents the eleventh double-hulled barge and fourth ocean-going tug to be built by Manitowoc Marine Group. Both tug and barge, which will serve the mid-Atlantic petroleum markets, will be classified in compliance with ABS, Coast Guard, and OPA-90 standards.
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