American Line Asks Title XI On Inland Cruise Vessel To Cost $3.8 Million
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Finance/Title XI
American Line, Inc. of Haddam, Conn., has applied for a $2,850,000 Title XI guarantee toward a 165-foot cruise vessel to be built by Chesapeake Shipbuilding.
American Line, Inc., a subsidiary of C.A. Robertson, Inc., 1 Marine Park, Haddam, Conn., has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of a 165-foot cruise vessel intended for operation on the inland and coastal waterways of the U.S. East Coast.
Chesapeake Shipbuilding, Inc., Salisbury, Md., is the proposed builder, with delivery estimated for April 1982. The requested guarantee is for $2,850,000, or 75 percent of the vessel's estimated cost of $3,800,000.
