Allied Barge, Inc., a subsidiary of Allied Towing Corporation, Norfolk, Va., has applied to the Maritime Administration for a Title XI guarantee to aid in financing the reconstruction of the oceangoing oil barge Matthew into a multiple product liquid chemical carrier.
Work on the 302-foot-long vessel was performed by Tampa (Fla.) Shipyards, Inc., and it was redelivered last December. The applicant said the reconstructed barge will be used along the East and Gulf Coasts of the United States.
The actual cost of the vessel was listed as $2,000,000. The requested guarantee is for 87½ percent of that amount, or $1,750,000.