Trans-Marine Asks Title XI On Two Tug/Supply Boats To Cost $5.4 Million Total
Page 7073 words
Finance/Title XI
Trans-Marine Service, Inc. of Houma, La., has applied for a Title XI guarantee to help finance two 165-foot tug/supply vessels to be built by Eastern Marine, Inc.
Trans-Marine Service, Inc., Houma, La., has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of two 165-foot, diesel-powered tug/supply vessels to be operated in the Gulf of Mexico. Eastern Marine, Inc., Panama City, Fla., is the proposed builder, with deliveries scheduled for November 1981 and May 1982.
The requested guarantee is for $4,050,000 or 75 percent of the $5,400,000 estimated cost of the vessels.
Mentioned in this article
Company
Trans-Marine Service, Inc.applicant, Houma, La.
Eastern Marine, Inc.proposed builder, Panama City, Fla.
Organization
Maritime Administrationguarantor
Transcribed from the April 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.
