Trico Limited III Seeks Title XI On Four Vessels To Cost $13.3 Million Total
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Finance/Title XI
Trico Limited III of Houston has applied for a Title XI guarantee to finance four tug/supply vessels to be built by Eastern Marine, Inc. of Panama City, Fla.
Trico Limited III, Houston, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of four tug/supply vessels intended for operation in the Gulf of Mexico. Eastern Marine, Inc., Panama City, Fla., is the proposed builder of the vessels, two of which are to be 180 feet in length, and two 166 feet. Delivery dates have not been established.
The requested guarantee is for $11,637,000, or 87½ percent of the vessels' estimated cost of $13,300,000.
Mentioned in this article
Company
Trico Limited IIIapplicant, Houston
Eastern Marine, Inc.proposed builder, Panama City, Fla.
Organization
Maritime Administrationguarantor
GeoLocation
Gulf of Mexicooperating area
Transcribed from the April 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.