Sam Nicholls (Quillen Securities): Is there coal out work included in the $40 million for contract closeouts for J. RAY?

Bruce Wilkinson: 40 million was a closeout. That is at the end of the project when the company goes through a final project closeout process it pays all of vendors through everything that is outstanding, it negotiates any remaining disagreement with the customer and then gets a release and a sign-off and presumably any final payment that is outstanding.

Sam Nicholls (Quillen Securities): Would that include change order settlements which might push your operating margins above the baseline 10% to 12%?

Bruce Wilkinson: There was some change order.

Sam Nicholls (Quillen Securities): When you reported last quarter, you said if the vessel DB101 had been utilized it would push operating margins up 150 basis points. Is that correct?

Bruce Wilkinson: The last time the 101 was reflected in any revenues to speak off was the first month of the fourth quarter by October November timeline. it completed the work in Mexico and there was a $12-$13 million number put in the K that was the cost if the company will transship it from Veracruz in Mexico over to Asia and so for which there is no job to charge it to so it just viewed it as operating expense and an additional charge to earnings.

Sam Nicholls (Quillen Securities): Have you quantified this quarter with more vessels being idle, how much operating margins would have been higher if they were all utilized?

Bruce Wilkinson: No, the company has not done it because the periodic dry docks are part of the business. They happen, certifications require doing certain things and they are unavoidable as a fact of life. The company can try to plan them in between projects so they are not disrupting the business. It can manage that in the dry dock so that it does not stay there twice as long and cause three times as much and that is always a challenge too.

Sam Nicholls (Quillen Securities): How many vessels were idle in the quarter?

Bruce Wilkinson: Two.

Sam Nicholls (Quillen Securities): Do you have an update on B&W on the average price per kilowatt for scrubbers and SCRs or at least a ballpark figure?

Michael Taff: The company does not have an updated one and it can bounce around dependent on the plant that the company is operating at.

Bruce Wilkinson: All there are scrubbers and those scrubbers are wet and dry. If there is a dry scrubber for instance which is more typically in the Western coals that would mean lower per kilowatt hour cost than would be a wet scrubbing alternative that would be in the Becktel or at Eastern coals. 300 to 370 a kilowatt for scrubbers would be the typical utility spend for a project with or last year that being less.

Sam Nicholls (Quillen Securities): ADB has noted that China is pushing for a greater share in future joint ventures. Are you seeing the same thing?

Michael Taff: McDermott has a joint venture in China which is a 50-50 joint venture- B&W Beijing company. There are licensees of the company’s various boiler technologies or scrubbing technologies or SCR technology and it is a jointly managed company. McDermott’s partners have people in throughout the organization; McDermott tends to have the senior leadership, the head of the operation.