News Release

Trico Marine Services and Bender Shipbuilding and Repair Co., Inc. Announces a contract for the Construction of Two New Vessels

HOUSTON, September 5, 2006 /PR Newswire – Marketwire/ -- Trico Marine Services, Inc. (NASDAQ: TRMA – News) and Bender Shipbuilding and Repair Co., Inc. announced today that they have reached an agreement, effective September 1, 2006, to build two GPA 640, 210’ offshore supply vessels. The vessels will have diesel electric propulsion and class 2 dynamic positioning systems. Bender Shipbuilding & Repair Co., Inc. will build the vessels at its shipyard in Mobile, Alabama, with an expected delivery date for the first vessel in March 2008 and the second vessel in July 2008. The agreement guarantees the construction costs of the vessels as well as technical specifications. Trico expects to fund construction costs related to each vessel from cash and cash flow from operations.

Trevor Turbidy, President and Chief Executive Officer of the Company, commented, “We are pleased to announce the construction of these vessels, which is consistent with our previously announced strategy of upgrading our fleet in a fiscally responsible manner. These vessels address our customers’ operating requirements and will have the ability to work in almost any market in the world. We are delighted that Bender will be constructing the vessels and we have the utmost confidence in their ability to deliver the vessels on each of their expected delivery dates in 2008.”

These vessels incorporate an additional deck level for increased accommodation of client personnel. Diesel-electric propulsion provides excellent fuel efficiency and lower operating costs for our customers. These unique characteristics will make the vessel attractive for global deployment including specialized disciplines such as seismic, ROV, and subsea applications.

Tom Bender, President and Chief Executive Officer of Bender Shipbuilding stated, “Bender is very pleased to receive the award for the construction of these two vessels from Trico. Our previous experience in building these Guido Perla and Associates designed vessels will insure that Trico will be receiving vessels built to state of the art design and mission capability and to the highest quality standards available in the United States today.”

About Trico

Trico provides a broad range of marine support services to the oil and gas industry, primarily in the North Sea, Gulf of Mexico, West Africa, Mexico and Brazil. The services provided by the Company’s diversified fleet of vessels include the transportation of drilling materials, supplies and crews to drilling rigs and other offshore facilities; towing drilling rigs and equipment from one location to another; and support for the construction, installation, repair and maintenance of offshore facilities. Trico has its principal office in Houston, Texas.

Certain statements in this press release that are not historical fact may be “forward looking statements.” Actual events may differ materially from those projected in any forward-looking statement. There are a number of important factors involving risks and uncertainties beyond the control of the Company that could cause actual events to differ materially from those expressed or implied by such forward-looking statements. A description of risks and uncertainties relating to Trico Marine Services, Inc. and its industry and other factors, which could affect the Company's results of operations or financial condition, are included in the Company's Securities and Exchange Commission filings. Trico undertakes no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that may arise after the date of this report.

Bender Shipbuilding & Repair Co., Inc. Confirms The Opening of Astilleros Bender S. De R.L. De C.V. In Tampico Mexico

Tom Bender, President of Bender Shipbuilding & Repair Co., Inc. of Mobile, Alabama today confirmed the opening of Astilleros Bender S. De R.L. De C.V. in Tampico, Mexico. Astilleros Bender (AB) is a wholly-owned subsidiary of Bender.

The shipyard is located on the south side of the Panuco River 10 kilometers upstream from the Gulf of Mexico and across from the city of Tampico. The yard consists of 125 acres of land and 3000 feet of river frontage accessed by a 28 foot deep, maintained channel .

Astilleros Bender currently is concentrating on ship repair and has in operation a 3000 ton lift capacity dry dock and some 1500 feet of river side repair facility open for business. A.B. recently completed a docking evolution and repair job for Saam Remolques S.A. De C.V. on its ship docking tug “Purepecha” and enjoys a certain backlog of bookings in June and July.

The yard's current capabilities include 1800 amp riverside electrical service and compressed air for sand blasting, mobile cranes from 40 to 200 ton capacity and all tools and equipment required for ship repair operations. A.B. is also prepared and equipped to do topside ship repair in the port facilities of Tampico, Alta Mira and Tuxpan as well as it’s own wet berth area at the shipyard.

Current management at A.B. is headed up by Eddie Newman as Production Superintendent. Eddie has held repair and new construction manager and superintendent positions at TNG in Vera Cruz, Bender, McDermott and Gulf Island Fabricators.

A.B.'s financial and administrative departments are managed by Lloyd Orgeron, who was with TNG for 4 years. Lloyd enjoys a wealth of experience gained working in financial management positions for varied oil service companies in the past.

The company’s sales and marketing effort is headed up by Manuel Otano. Manuel has previously held marketing and sales positions with Halter Marine and administrative and auditing duties with Pemex and the Bank of Mexico and the Bank of Cuba and has been the Bender Shipbuilding Director of Latin American Sales and Marketing for the last 4 years, a position he will continue to hold.

A. B. and Eddie, Lloyd and Manuel, as members of the Bender group of companies, will be supported in all cases by the management, engineering, production and sales teams at
Bender and Tampa Bay Shipbuilding and Repair Co..

Tom Bender also stated: “The current repair activity at Astilleros Bender is only the start of our involvement and corporate development in Mexico. We are currently designing a larger dry-dock to be constructed at A.B. to expand our service to customers in Mexico and the region and intend to have it in operation within 6 months. We also are developing plans to build a new construction facility similar to what we have in Mobile. We intend to create a world-class ship repair and new construction facility in Tampico that will make internationally competitive services and products available to our customers.”

Iso Certification

Mobile, AL, August 27, 2002: Bender Shipbuilding & Repair Co., Inc., along with Cutting Edge Metal Processing is proud to announce completion and award of ISO 9001:2000 Certification from ABS (American Bureau of Shipping) Quality Evaluations, of Houston, Texas. The International Standards Organization (ISO) leads the world in setting standards of quality. Since publication in 1987, ISO 9000 has been adopted as the national standard for Quality Management by well over fifty countries to date.

Becoming registered to the ISO 9000 Standard has become increasingly important to companies in the United States as a way to meet the demands of overseas and domestic Customers. Customers know that when companies set up a Quality System according to ISO 9000 requirements, those companies are much more capable of consistently ensuring top quality products and services.

Auditors arrived at Bender Shipbuilding and Repair in June, and were quite impressed with Bender’s Quality System. Bender is one of the largest shipyards in Mobile, and with the ISO “stamp of approval”, the shipyard now has an enhanced market appeal to customers worldwide. Bender invites all it’s customers and employees to join us in celebrating this achievement.