Ingram Towing Company, a subsidiary of Ingram Industries Inc., Nashville, Tenn., has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of 50 hopper barges (35 rake type and 15 box type). The application did not include the name of the builder or builders, but indicated deliveries were to be in April (five barges), June (16 barges), and July (29 barges).
The requested guarantee is for $12,000,000, or approximately 87½ percent of the $13,750,000 total estimated cost of the 50 barges.