DONJON MARINE CO., INC.

NEWS RELEASE

FOR IMMEDIATE RELEASE Contact: Debra Colbert,

January 10, 2012 301/332-0813;

DONJON SHIPBUILDING & REPAIR’S

KEN BOOTHE, SR. NAMED A

‘SIGNIFICANT BOAT FOR 2011’

AT 2011 INTERNATIONAL WORKBOAT SHOW

Hillside, NJ – Donjon Marine, Co., Inc., a provider of multi-faceted marine services including marine salvage, heavy lift, dredging’ related emergency response services and most recently shipbuilding and repair, was proud to have its New Build Articulated Tug, the Ken Boothe, Sr. selected as one of the 10 most “Significant Boats in 2011” at the 2011 International WorkBoat Show. It was recognized for its “bruiser-type traditional Great Lakes tugs design and look – and the fact that it’s the first newbuild project for … Donjon Shipbuilding & Repair,” a wholly owned subsidiary of Donjon, according to WorkBoat.

The Ken Boothe, Sr. was completed last April by Donjon Shipbuilding & Repair, LLC in Erie, Pennsylvania, for SEAJON, LLC; a partnership between Donjon and SEACOR Holdings Inc. The 10,700 Horsepower ATB works in conjunction with a 34,000-ton capacity self unloading bulk cargo barge named the Lakes Contender which will be completed in the early spring of 2012.

"We are very pleased to receive this recognition at the WorkBoat Show for this state-of-the-art towing vessel and to share in the success with our partner SEACOR and the Great Lakes shipping community as a whole“ said J. Arnold Witte, President and CEO, Donjon Marine Co., Inc. “Bringing jobs to the Western Pennsylvania region on the construction of this stately vessel, along with many other projects, makes Donjon Shipbuilding & Repair quite proud of its success,” Witte continued.

Donjon Marine Co., Inc. (www.donjon.com) provides a broad spectrum of marine services, including dredging, marine salvage, heavy lift transport, tug/barge transportation, demolition, pollution control and remediation, shipbuilding and repair, as well as land-based metals recycling, demolition and landfill remediation/site management. Based in New York and New Jersey, Donjon and its affiliates maintain offices assets and personnel throughout the Northeast, with operations spanning the globe.

For more information about Donjon Marine Co., Inc., visit www.donjon.com.

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KEN BOOTHE., SR.

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