U.S. Barge Inks First Deal

U.S. Barge LLC, a company co-owned by Oregon Iron Works, Inc. (OIW) and Vigor Industrial LLC, has signed a contract for its first order. The company has agreed to build and deliver multiple bluewater, or ocean-going, barges to Young Brothers, Ltd. in Hawaii, with the first barge to be delivered in late September of 2007. U.S. Barge will invest approximately $8m in new equipment on Swan Island and in Clackamas, OR in order to build barges and other watercraft.