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FirstWave Granted Contract By Blessey Marine

Maritime Activity Reports, Inc.

December 16, 1999

FirstWave/Newpark Shipbuilding was awarded a contract by Blessey Marine Services of Hanrahan, La. for the construction of a 30,000-bbl capacity double-hulled tank barge. Measuring 298 x 54 x 13 ft. (90.8 x 16.4 x 3.9 m) the vessel will be built at FirstWave's Greens Bayou Facility for a June 2000 delivery. FirstWave was also granted a contract by Global Industries of Carlyss, La. for a scheduled drydocking and routine regulatory maintenance of the Small Water-plane Area Twin Hull (SWATH) vessel MV Pioneer at the company's East Pelican Island Facility in Galveston.

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