Glendel Limited III, The Woodlands, Texas, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of two 190-foot, inland waterway barge drilling vessels for use in the Gulf coastal area. Red Fox Fabricators, Inc., New Iberia, La., is building the vessels, with deliveries scheduled for July and August of this year.

The requested guarantee is for $15,649,000, or 75 percent of the $20,866,000 estimated actual cost of the vessels.