4th Quarter

NOVEMBER 2014

New Additions to Laborde

2

Jean Pierre 2

Brazil 4

STCW Requirements

5

Safe Lifting 5

Reinventing Retirement

6

Benefits Corner 7

Employee Service

7

Editor’s Note 8

BBS Awards 3

Inside this issue:

The Lab Report FALL 2014, ISSUE 1

To our employees,

As this is our first edition of “The Lab Report”, we would like to share some important thoughts with you, members of the Laborde Marine family. At the outset, we would like to thank each and every one of you for the important role that you perform for this company. The company’s success is totally dependent upon the exemplary performance of our employees, and we recognize you as our most valuable assets.

Recognizing that our employees are the source of our success, we strive to make sure that you can perform your job with the utmost respect for your safety. As stated in our safety policy, the safety of our people “is the most important consideration in the performance of our services.” No job is so important that it ever justifies someone being hurt in the process of doing one’s job. We, as a company, invest time, energy and significant dollars in establishing a safety culture that is a model for the offshore industry. This safety culture and performance has played a significant part of our company’s success. Our customers recognize Laborde Marine as a competent and conscientious company with an exemplary safety culture. We thank all of you for doing your part in creating this culture where we genuinely care about our fellow employees. Please continue to use your good judgment, common sense and your knowledge and experience to further our goal of creating a safe working environment for all of our employees.

Turning to the future, we foresee some weakening of the offshore energy market. With falling oil prices, low natural gas prices and world demand for oil decreasing due to stalling global economies, we expect some deterioration in our markets. We, as owners, recognize that this industry has weathered historical down cycles and our company is in a good position to be able to withstand the projected down cycle. However, we ask each of you to do what you can to maintain customer relationships, be mindful of controlling costs, and continue to foster our safety culture. By working in this manner, you can be assured that Laborde Marine will be able to withstand any rough seas that may lie ahead.

Sincerely yours,

Peter Laborde and Cliffe Laborde

Two New Additions to the Laborde Fleet The Deep Runner

The Deep Runner, a 190’ DP2 crewboat, is scheduled to be delivered from Breaux’s Bay Craft in late October 2014. The Deep Runner is powered by four Caterpillar 3512 main engines, four Twin Disc MGX 61000 reduction gears, two John Deere 6068 bow thruster engines, and two John Deere 6068 generators. The addition of the Deep Runner will bring Laborde Marine’s crewboat fleet to 16 vessels.

Hull 1765, A 202’ DP2 Crewboat

Pictured above is Breaux’s Bay Craft Hull 1765, a 202’ DP2 crewboat, which is well underway with an estimated delivery date of July 2015.

The Jean Pierre Lab recently completed USCG topside and hull inspections, five year ABS

special surveys, as well as DP proving trials

Page 2 The Lab Report

Page 3

Laborde Marine 2013 BBS Awards

The Lab Report

Red Lab

Lady Lab

Pictured above representing the Red Lab from left to right (top) are Robin Crosby, Jonathan Broussard, Ray Bryan, Mike Adams, (bottom) Abraham Castrillo and James Faulkner

Pictured above representing the Lady Lab from left to right are Lorenzo Oakley and Anthony Juneau

Rig Runner

Pictured above representing the Rig Runner from Left to right are Karl Helmer, Edward Switzer and Chris Loewen

BEHAVIOR BASED SAFETY AWARDS - To identify behaviors that define safe and at

risk performance and to develop a means to monitor that performance. This behavior based safety process will strive to improve worker safety in all facets of our operation by facilitating employee

involvement in the development, implementation and continuous

improvement in the behavioral safety process.

Genie Lab

Pictured above representing the Genie Lab from Left to right are Alan Angeron, Peter Boudreaux, Chris McMillan, Craig Mitchell, Lorenzo Bazile, James Norman, John Britton, Lawrence Forrest

Volume 1, Issue 1 Page 4

What’s going on in Brazil?

The Magnolia Mar was converted to a 4 Point Mooring vessel for the dive support job.

Photos of the Magnolia Mar working as a diving vessel for Van

Oord for the commissioning of a new pipe line in Macae, Brazil.

personal health and safety are concerned. Learn how your back works, what its limitations are, and what you can do to keep it

healthy. Ask your family physician for recommendations to strengthen your back, and then practice them regularly.

Safe lifting plays a major part in your effort to maintain a healthy back and prevent injury to it. Even though there doesn’t seem to be just one right method to lift an object, there are lifting techniques that can reduce the strain on your lower back.

Correct lifting techniques involve several common steps. They are:

Size up the load. Look it over, decide if you can handle it alone or if you will need help. When in doubt, ask for help. Moving an object that is too heavy for one person to lift safely is not worth strained and sore back muscles.

Size up the area. Check the surroundings in which you will be handling the object. Make sure the

Can you think of even one job task on your boat where you never have to lift? I can’t. Lifting is very much a part of our everyday jobs. And, because it’s something we do so often, we tend to do it automatically, without thinking. At least we don’t think about lifting until our backs start to hurt.

Lifting incorrectly can result in a variety of injuries. Back strain is probably the one most common type of injury in the marine industry. A back strain usually results from over-stretching certain muscles. Another type of injury that can result from lifting incorrectly is a hernia. Both of these injuries can be extremely painful. Both are usually the result of incorrect body mechanics and/or extreme exertion. The good thing is that all injuries that may result as a consequence of incorrect lifting are preventable.

Don’t underestimate the importance of being in good physical condition. Years of poor posture, overeating, lack of exercise, and stress can catch up with you. Poor physical conditioning, coupled with incorrect lifting, can be a hazardous combination where your

area is clear of obstructions if you must carry the object any distance.

Get a good grip. While lifting and carrying an object it becomes an extension of your body. You support and move the object. Your grip has to be firm and sure.

Position your feet to set a good foundation. Good foot position allows you to keep your balance and use your powerful leg muscles. The larger muscles of your legs are much more powerful and durable than your relatively weaker back muscles. Let your leg muscles do the majority of the work -- they can handle it.

Keep the load close to your body. Think of your arms and the load as a pry bar. The further the load is from your body, the longer the bar and the more force it will place on your back. By keeping the load close to your body, you reduce the amount of stress placed on your lower back.

Avoid twisting your upper body. Twisting compounds the stresses and forces of lifting and carrying an object. It affects your center of balance. Once you have established a good foundation with your feet, use them to change direction.

Page 5

SAFE LIFTING

The Lab Report

New STCW Requirements For 2017 The USCG GAP Closing requirements are required for all STCW Compliant Seafarers to continue sailing after the 1st January 2017. These requirements must be met before this date to remain STCW Compliant. In most cases this will be on vessels over 200 GRT (500 ITC) in U.S. domestic waters and commercial vessels of any tonnage traveling internationally. This is an example of some of the requirements going forward. Laborde Marine is working with Houston Marine Training Services to get as much information out to you so we can prepare to meet these new requirements.

BASIC SAFETY TRAINING (STCW VI/1(1-1 through 1-4): ALL SEAFARERS: with 360 days of qualifying sea service in the previous 5 years must have an STCW Basic Training Revalidation/Renewal Certificate every 5 years. (2 day course) Will include a practical Fire and Water survival. Upon first renewal AFTER January 1 2017 ALL SEAFARERS HOLDING PSCRB QUALIFICATION: with 360 days of qualifying sea service in the previous 5 years must have an STCW PSCRB Training Revalidation/Renewal Certificate every 5 years. (1 day course)

BT refresher plus 360 days = PSC revalidation. NVIC 04-14 encl (1) No PSC course is needed.  

ADVANCED FIREFIGHTING (STCW VI/3): ALL SEAFARERS HOLDING ADVANCED FIRE QUALIFICATION: with 360 days of qualifying sea service in the previous 5 years must have an STCW ADVANCED FIRE Training Revalidation/Renewal Certificate every 5 years. (1 day course) after Jan 1, 2017

4th Quarter

The earlier you start, the better; but even if you are just a decade away from retirement, you can set aside a good chunk each month. And you can boost your savings by committing to increase your savings amount each year.

3. “I don’t know how to get started.”

This is simple: Go to the next enrollment meeting held by your company’s retirement plan. The enrollment meeting, which usually takes an hour or less, will break down the steps you need to take to get started saving in your plan. This includes educating you about how to generate retirement income, select investment options, and determine what percentage of your salary you want to contribute to your account, and you’ll learn about the fees and expenses associated with your account. Contact Diane Segura or Mikelyn Louviere at 985-399-9066 for more details of how to join now.

4. “Planning for retirement is too big for me to tackle right now.”

Retirement planning is, in actuality, life planning. You need to ask three essential questions: What do you have? What do you want? How do you get what you want? These questions can be stressful, but even so, they are important. Wishing won’t make the problem go away. Try taking small steps by attending a financial education seminar offered by your employer or discussing your situation with a

There are many reasons why we defer our dreams of financial freedom. Here are the five top psychological barriers and how to overcome them.

1. “I can’t afford it.”

Sure, you have a lot of competing uses for your money. Some spending is locked in every month, like paying your mortgage, and some of your dollars go to nice-to-haves, such as eating out or taking a weekend trip. It may seem that nothing is left over. Saving for retirement seems impossible given your present lifestyle.

Someday, you will have to get by without a paycheck. While Social Security can provide monthly income, it is not likely to replace your working-years salary. If you make it to retirement, you’ll probably live to be close to 90, and you can expect that some expenses, like health care, will go up. Unless you are independently wealthy or can count on family members to care for you, you can’t afford to not save for retirement.

2. “I have years before I need to think about retiring.”

As we move through our 20s, 30s and 40s, caught up with jobs and families, it’s very easy to put off retirement planning. But the most powerful aid to retirement is math and time. The longer you have until retirement, the more you can build up your savings through compounding and the less you’ll need to invest each month.

qualified financial advisor. By putting together a more measured financial game plan, you set goals about your saving and spending habits.

5. “Stocks and bonds are risky.”

There is no avoiding risk in investing. Even stashing cash in your mattress doesn’t relieve you of the risk of a fire or inflation, which nibbles away at your purchasing power. Stocks, and mutual funds that invest in stocks, can be one of the best ways to beat inflation over the long haul. The risk of investing in stocks, while never zero, goes down the longer your time horizon for investing in them. Bond investments also carry risks but nevertheless deserve a place in every retirement portfolio. Especially for those nearing or entering retirement, bonds can offer a steady flow of income and often produce an attractive rate of return.

1 The bond market is volatile, and fixed income securities carry interest rate risk, inflation risk and credit and default risks for both issuers and counterparties. Additional risks apply to international bonds, emerging markets bonds and high yield bonds. Risk information for fixed income products may be found in the prospectus or other product materials, if available.

2Q 2014 Participant Newsletter—Regions Bank

REINVENTING RETIREMENT: Five Classic Excuses for Putting off your Retirement Plan

Page 6

Avoid twisting your upper body. Twisting compounds the stresses and forces of lifting and carrying an object. It affects your center of balance. Once you have established a good foundation with your feet, use them to change direction.

Practice team lifting. Teamwork is critical when someone is helping you lift and carry a load. Both of you should discuss and decide, in advance, how you’re going to handle the load.

Decide and check your route—make sure there are no obstructions.

Arkansas Workers’ Compensation Commission/ Health and Safety Division www.awcc.state.ar.us 1-800-622-4472 Health&Safety@awcc.state.ar.us

SAFE LIFTING (continued)

Kenneth Shirley

Stanley Smith

Leo Trahan

David Vollmer

William Watson

Page 7 The Lab Report

Benefits Corner

Don’t Forget about your Flu shot this Flu season!! With United Health Care you can get your flu shots right now at CVS, Kmart, Mejar, RiteAid, Safeway, Shotco, Summit, Walgreens & Target.

Now you can access your UHC information

anytime! The UHC Health4Me app is available from the Apple iTunes App Store as a free download for the iPhone, iPod Touch and iPad. It is also available as a free download in the Android marketplace for Android phones. Register with myuhc.com to enable both mobile and online services.

TAKE TIME TO UPDATE!!!

We are excited to announce that 401K participants can designate their beneficiary directly with Fidelity. Our goal is to have 100% participation. To do this you can go to www.netbenefits.com or call Fidelity Customer Service at 1-800-890-4015. As with any of Laborde’s benefits you can call Mikelyn Louviere or Diane Segura with any questions at 985-399-9066.

Employee Service Anniversaries

10 YEARS Jeff Fegenbush

Jim Whittaker

Robert Behar

Johnny Bennett

Tommy Coffey

James Easterling

Shane Easterling

Craig Mitchell

Troy Pippin

Vernon Rachel

Joel Randolph

5 YEARS Rex Baugh

Dennie Boudreaux

John Britton

Terry Chizek

Earl Crosby

David Fontenot

Daniel Grecian

Travis Hampton

Todd Landry

Chris Loewen

Shane Richardson

15 YEARS John Belsome

Raymond Bryan

Reynold Boudreaux

NEW ORLEANS OFFICE

601 Poydras Steet, Suite 1725

New Orleans, Louisiana 70130

(504) 582-2185

MORGAN CITY OFFICE

1601 Highway 182

Morgan City, Louisiana 70381

(985) 399-9066

I truly hope you enjoyed the first Edition of THE LAB REPORT! The company will begin distributing this newsletter on a quarterly basis to all employees. For our first report, the company held a contest to name the newsletter. Congratulations to Captain Jose Gonzalez of the M/V Margaret Lab!! As the winner of the contest, Jose won a $100 gift card to Walmart! The company welcomes everyone’s input for the newsletter—especially vessel and employee pictures, group or individual acheivements and articles of interest. Please feel free to send them to me at Lauren@labmarine.com.

Lauren Waguespack, Editor

M/V Margaret Lab

Our contest winner Captain Jose Gonzalez