Trico orders two OSVs

Trico Marine Services, Inc. has signed an agreement to build two GPA 640, 64.6 metre offshore supply vessels (OSV) for a total cost of approximately $35 million. The vessels will have diesel electric propulsion and class 2 DP systems.

Bender Shipbuilding & Repair will build the vessels at its shipyard in Mobile, Alabama, with an expected delivery date for the first vessel in March 2008 and the second vessel in July 2008. The agreement guarantees the construction costs of the vessels as well as technical specifications and contains penalties for late delivery. Trico expects to fund construction costs related to each vessel from cash and cash flow from operations.

These vessels address our customer?s operating requirements and will have the ability to work in almost any market in the world.

The newbuildings will incorporate an additional deck level for increased accommodation of client personnel and will be attractive for global deployment including specialized disciplines such as seismic, ROV, and subsea applications.