Contact:   Randy Brown, VP Business Development, Tel. (843) 889-5249

October 8, 2010

METAL TRADES AND MAYBANK INDUSTRIES TO BUILD NEW DOUBLE HULL BARGES FOR U.S. NAVY

Hollywood, SC – Metal Trades, Inc. announced that it has been contracted by Maybank Industries. LLC to build two new types of double hull barges for the United States Navy.  Three “YON” fuel barges and one Ship Waste Offloading Barge (SWOB) will be built, each type with identical 6,900 barrel capacity cargo and double hull configurations.  The ABS classed barges are being designed by Bristol Harbor Group of Bristol, RI to be 180 feet long and 44 feet wide.  Production Engineering services are being performed by Bluewater Designs, Inc. of Delray Beach, FL.

This is the second time that Metal Trades, Maybank Industries, and Bristol Harbor have teamed up to design and build a new type of double hull barge for the U.S. Navy that meets the latest operational requirements with full compliance with the Oil Pollution Act of 1990.  Compared to the previous contract that built two 14,000 barrel fuel barges for the U.S. Navy, this contract addresses two new requirements – a more compact fuel barge design for space-constrained facilities and also a new type of double hull barge to offload and dispose of waste oil from naval vessels.

U.S. Navy YON 332 Fuel Barge Computer Model

According to Shaun Flynn, Metal Trades’ President, “All of us that worked on the previous YON program are elated that the U.S. Navy has great confidence in our team’s ability to design and build a high quality end product that is helping to keep the waterways clean and safe.”

More information on Metal Trades, Inc. may be found on their web site at: www.metaltrades.com

Contact:   Randy Brown, VP Business Development, Tel. (843) 889-5249

December 16, 2009

METAL TRADES COMPLETES SECOND FUEL BARGE FOR U.S. NAVY

US Navy YON 331 Fuel Barge

Hollywood, SC – Metal Trades, Inc. announced the completion of YON 331, the second vessel of a new class of 14,000 Barrel Double Hull Fuel Barges for the U.S. Navy.  The 200’ x 52’ barge was designed by Bristol Harbor Group of Bristol, RI to carry either Diesel or JP5 Jet Fuel in five cargo tanks.  Metal Trades was contracted by Maybank Industries, located in Charleston, South Carolina.  The barge will be delivered to the Naval Supply Systems Command Fuel Depot facility in Norfolk, VA.  Several key robust design features include:

• 40 year design service life
• Sherwin Williams paint system
• Byron Jackson Deep Well Cargo Pump driven by Caterpillar Diesel
• Northern Lights 12KW generator
• Ohmart VEGA Radar Tank Level Indication System

 Shaun Flynn, Metal Trades’ VP of Operations was elated with the successful completion of the U.S. Navy’s final acceptance trials – “We are very pleased with positive feedback and complements received from our customers (Maybank Industries and NAVSEA) regarding the quality construction, house layout, and operational features of the barge.  Although we’ve built many smaller sized barge over the last five years, this is the first new barge program that Metal Trades has been contracted to design and build.  We worked closely with Bristol Harbor Group and the customer throughout the entire process.  This is a proud accomplishment for the Metal Trades – Maybank Industries team.”

 More information on Metal Trades, Inc. may be found on their web site at: www.metaltrades.com

######