Kilgore Marine Asks Title XI On Four Boats To Cost $17 Million Total
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Finance/Title XI
Kilgore Marine, Ltd. I has applied for a $12,888,000 Title XI guarantee toward four 192-foot tug/supply vessels being built by McDermott, Inc. at New Iberia, La.
Kilgore Marine, Ltd. I, a subsidiary of Kilgore Marine, Inc., Spring, Texas, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of four 192-foot tug/supply vessels to be operated in the Gulf of Mexico.
The vessels, being built by McDermott, Inc., New Iberia, La., are scheduled to be delivered later this year.
The requested guarantee is for $12,888,000, approximately 75 percent of the total estimated cost of $17,184,303 for the four vessels.
Mentioned in this article
Company
Kilgore Marine, Ltd. Iapplicant
Kilgore Marine, Inc.parent, Spring, Texas
McDermott, Inc.builder, New Iberia, La.
Transcribed from the May 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.
