Linden, Inc., Suite 201, Carondelet Street, New Orleans, La. 70130, has applied for a Title XI guarantee to aid in financing the construction of a 180-foot, 2,500-horsepower tug-supply vessel.
McDermott, Inc., New Iberia, La., is the proposed builder. The diesel-powered vessel would be operated in the Gulf of Mexico.
If approved, Title XI financing would cover $6,356,000 or 75 percent of the estimated actual cost of $8,475,436. No delivery date has been set.