Page 27: of Marine News Magazine (June 2011)

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www.marinelink.com MN 27 added a significant number of marine transportation relat- ed equipment which supports all aspects of our maritime activities. We also have begun construction of a new 4,000 cubic yard dump scow to increase our dredging capability at our recently acquired shipbuilding and repair facility.

We added a 34,000-ton capacity self unloading articulat- ed tug/barge unit to the fleet, scheduled to be ready for service in support of Great Lakes bulk transportation needs for the 2012 season. We are 50/50 partners in this vessel with Seacor Maritime.

JAMES STARK, EXECUTIVE DIRECTOR, GICA GICA mem- bers are investing in new boats and barges. This was espe- cially true in 2010 when a dip in steel prices and tax incentives made recapitalization appealing. On the Gulf coast, towing companies have been regularly christening and placing new vessels into service. Additionally GICA members are working closely with USACE, USCG and

NOAA as part of a Gulf Coast Inland Waterways Joint

Hurricane Team to ensure waterways are opened as soon as possible after a storm’s passing.

CHARLES JONES, CHAIRMAN OF THE BOARD,

AMHERSTMADISON Our company is continuing to bring in younger personnel to maintain an effective organiza- tion for the future. We have been and continue to pur- chase newer, larger cranes and other related equipment for our construction business. In addition, we have purchased a number of new deck barges for our construction division which, in some cases, is a flight from poorly earning secu- rities into fixed assets.

JOHN ECKSTEIN, CHAIRMAN, PRESIDENT & CEO,

MARQUETTE MARINE TRANSPORTATION We just finished construction of 50 new barges and are building another 69 through the first quarter 2012. We took delivery of two new 2,000 hp vessels in the gulf and put into service our largest vessel to date, the 9000 hp Loree Eckstein. We also recently added a vessel to our offshore division. Along with that, our steersman program will go from near zero participants five years ago to 25 by year end. This increased investment in pilots for the future is a necessity if we want to continue to operate at the high level of qual- ity that has been paramount to our success.

MARINE ENGINES – 2 & 4 STROKE – MAIN & AUXILIARY ENGINES & SPARES “We specialize in Bergen - Normo and

Wärtsilä Engines/Spares”