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VT Halter Second OSG Ship Management Contract

Maritime Activity Reports, Inc.

September 25, 2009

VT Halter Marine, a company of VT Systems, announced that it has been awarded a second contract from OSG Ship Management, Inc. (OSG) to undertake the outfitting and commissioning of a 350,000 barrel articulated tug barge unit (ATB). Work for this ATB will commence in November 2009 and is expected to complete by mid 2010. VT Halter Marine was contracted in April this year by OSG to undertake similar work on another 350,000 barrel ATB, expected to be delivered by the end of this year.

Measuring 655 ft by 104.9 ft, these ATBs will be the largest ever built by VT Halter Marine. These state-of-the-art ATBs will be used to perform lightering services and will be equipped with specialized equipment to meet stringent vapor balancing regulations in the Delaware Bay, where the vessels will trade.

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