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Manitowoc Gets Hot Oil Tug Barge Contract

Maritime Activity Reports, Inc.

September 4, 2003

The Manitwoc Company, Inc. and its subsidiary, Bay Shipbuilding Co., part of Manitowoc’s Marine Group, has been granted a contract from Penn Maritime, Inc. to build an ocean-class tug and a 140,000-barrel, double-hull hot oil barge. The contract also permits Penn to purchase a second tug/barge combination within 120 days.

With the barge to measure 480 x 78 x 36.5 ft. (146.3 x 23.7 x 11.1 m) and equipped with a system of heating coils to maintain cargo temperatures at or above 135 degrees F, the 6,000-hp tug will boast measurements of 123 x 38 ft. An Intercon coupler will link both vessels into a 564-ft. overall length unit that will be ABS, U.S. Coast Guard and OPA-90 compliant.

The unit is scheduled for delivery by December 2004.

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