Pin Oak Executes Dock EPC with Massman Construction

MT. AIRY, Louisiana - Pin Oak Holdings, LLC is pleased to announce that it has executed an Engineering, Procurement, and Construction (“EPC”) contract with Massman Construction Co. (“Massman”) to build Pin Oak Terminal’s first dock and related equipment. Massman, a family owned and operated company, brings over 100 years of construction experience to the project and has a strong reputation to build the dock safely and on schedule. Pin Oak chose Massman after a rigorous decision process and is confident that their staff will adhere to the strict safety requirements that govern Pin Oak’s operations. Pin Oak will begin construction of the dock in June with it fully operational by May 2017.

Pin Oak’s first dock will be capable of loading industry standard Suezmax vessel given its 900 ft. dock capacity and will have up to six barge berths. Designed flow rates will be upwards of 30,000 bbl/hr making Pin Oak’s dock one of the newest and fastest docks in the country, which greatly reduces demurrage rates for its customers. The dock will be able to efficiently move heated and non-heated products, refined products, crude, chemicals, and LPGs and will ensure Pin Oak remains a major transportation hub with competitive advantages for many years to come. Pin Oak’s second dock is permitted and will be constructed in the future.

“Massman is a world class EPC organization and its experience building ship docks on the Mississippi River is one of the main reasons we chose to partner with it,” said Mike Reed, CEO of Pin Oak. “Once the dock is fully constructed it will offer our customers a complete package that will ensure their product moves at high flow rates while maintaining safety and product integrity. We understand that our customers face high demurrage rates on the Gulf Coast and we want to ensure they can save money by storing product at our first class facility.”

Christian O’Neil, Pin Oak Board member and COO of Kirby Marine Transportation said “This is a major milestone for Pin Oak and given my experience operating vessels and barges throughout the U.S. this dock will be one of the most efficient and fastest docks in the country.”

“We are very excited to secure this contract and work with Pin Oak and their team in helping bring this project to fruition.” Said Paul Scharmer, Vice President of Operations for Massman. “It will be a big boost for the local economy and for our local workforce who live in the area.”