North American Trailing Asks Title XI For $16-Million Hopper Barge

May 1, 1981 Page 35 90 words

Finance

North American Trailing Co., a subsidiary of Great Lakes International, has applied for Title XI financing for a 281-foot self-propelled suction hopper barge being built by Southern Shipbuilding Corp.

Read in the magazine

North American Trailing Co., a subsidiary of Great Lakes International, Inc., 2122 York Road, Oak Brook, Ill. 60521, has applied for Title XI financing to aid in constructing a 281-foot, self-propelled, suction hopper barge.

The barge, which is to be used in the coastwise, inland, and foreign trade, will be equipped with two 3,000-horsepower diesel engines.

If approved, Title XI financing would cover $12,375,000 or 75 percent of the estimated actual cost of $16,500,000.

Southern Shipbuilding Corp., Slidell, La., is the builder of the vessel. Delivery is set for September 30.

Mentioned in this article

Company

North American Trailing Co. Title XI applicant
Great Lakes International, Inc. parent company
Southern Shipbuilding Corp. builder, Slidell, La.

Transcribed from the May 1981 print edition of Maritime Reporter & Engineering News. Text is OCR-derived and may contain errors.