ESG Press Release September 27, 2014 R-2 1 ESG Press Release September 27, 2014 R-2 Eastern Shipbuilding is pleased to announce that on, Monday, September 15, 2014, Great Lakes Dredge & Dock Company, LLC “(Great Lakes”) (NASDAQ: GLDD) and Eastern Shipbuilding Group, Inc. (ESG) cut steel starting the construction of a new Trailing Suction Hopper Dredge ATB . The cutting ceremony of the 433’ Trailing Suction Hopper Dredge Barge took place in Eastern’s under roof pre-fabrication building at its Allanton facility in Panama City, Florida. This indoor facility supports both of Eastern’s new construction facilities with state of the art equipment and a highly skilled workforce. • WHEELOBRATOR Automatic Shot-blasting and Painting Machine for steel plate and shapes. • MESSER MG CNC (NC) plasma cutting and burning machine with four (4) 10’x40’ dry cutting tables. • OGDEN Automated Welding Steel Panel Line is housed in a 560’ (170.68m) long x 127’ (38.71m) wide x 50’ (15.25m) high building. Brian D’Isernia, President of Eastern Shipbuilding Group, stated, “Great Lakes earlier this year became our newest client. This day represents the start of construction for the Dredge Barge ATB and is- another step in continuing our strong commitment to not only this project and but also our long history of being a successful, diversified shipbuilder in the marine industry. Eastern will continue to grow its facilities along with its strong workforce of men and women who are always eager for the next new construction, conversion or repair challenge.” Attending the ceremony from Great Lakes: David Simonelli: Steven Becker: Jeffery Distefano: Ray Statton: Jimmy Carruthers: Christian Colletti: President Dredging Operations Senior Vice President Chief Mechanical Engineer Shipyard Contracts Manager Program Manager Dredge Barge Project Manager Tug Project Manager Named the “Ellis Island” (ESG Hull 253), the detailed engineering is being performed by Bay Engineering, Inc., which is based upon an Ocean Tug & Barge Engineering, Inc. ATB design. 2 ESG Press Release September 27, 2014 R-2 This Trailing Suction Hopper Dredge, Articulated Tug and Barge (ATB), will be delivered in 2016. The Dredge Barge ATB features the following characteristics: Ellis Island ATB Trailing Suction Hopper Dredge Barge: Dimensions (Overall): Hopper Capacity: Dredge System Power: Bow Thrusters: 433’x 92’x 36’ 15,000 CYS (2) EMD ME20G7C-T3, 5,000HP each (2) Schottel STT2 Electric, Fixed Pitch Tunnel Units 800HP each (1) Caterpillar C32-T3 910kW @ 1800RPM ABS A1, AMS, Unmanned Cargo Barge and certified under SOLAS/IMO/MARPOL. USA, USCG, 33/46CFR NVIC Publications, Certificated “I” Unmanned. Harbor Service Genset: Classification: Flag & Regulatory: Douglas B Mackie ATB Tug: Dimensions (Overall): Horsepower: ATB Coupler System: Main Engines: Main Generators: Auxiliary Generator: Emergency Generator: Classification: 158’-4”x 52’x 32’-9’ 15,662 BHP (2) Taisei Coupler Systems (2) Mak 12M32C-T3, 7,831HP each (2) 2,500kW, 6600VAC Shaft Generators (1) Caterpillar C32-T3 730kW @ 1800RPM (1) Caterpillar C18-T3 550kW @ 1800RPM ABS A1, AMS, ACCU, Oceans Towing Vessel Unlimited Service additional notations ILO, and certified under SOLAS/IMO/MARPOL. USA, USCG Dual-Mode ITB, 33/46CFR Subchapters, E, F, G, I, J, M, Q and S Flag & Regulatory: Eastern is proud to assist Great Lakes in delivering this investment in the maritime future of America, constructing these two state-of-the-art “Jones Act” vessels to meet the Country’s growing needs. 3 ESG Press Release September 27, 2014 R-2 The Great Lakes ATB hopper dredge will be a key tool in performing the restoration of the eroded land mass in the Gulf Coast States. Additionally, the vessel’s ability to costeffectively deepen and maintain navigable waterways will bolster the United States’ competitive position in world trade, as the nation’s ports move forward with deepening plans to accommodate the larger vessels, which will sail through the expanded Panama Canal. Great Lakes Dredge & Dock Corporation is the largest provider of dredging services in the United States and the only U.S. dredging company with significant international operations. Great Lakes Dredge also owns and operates the largest and most diverse fleet in the U.S. dredging industry, comprised of over 200 specialized vessels. Eastern Shipbuilding is very pleased to be a part of Great Lakes Dredge & Dock’s history of innovation and low cost leadership in th U.S. dredging industry. . With the ATB Trailing Suction Hopper Dredge Barge and Tug in production, we look forward to celebrating its successful launches and subsequent delivery into dredging service. “We got you Covered” 4
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