Parker Requests Title XI On Four Towboats And 50 Barges To Cost $24.2 Million
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Finance/Title XI
Parker Towing Company of Tuscaloosa, Ala., has applied for a $20-million Title XI guarantee toward four 80-foot towboats, 48 hopper barges and two tank barges.
Parker Towing Company, Inc., Tuscaloosa, Ala., has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of four 80-foot towboats, forty-eight 195-foot hopper barges and two 297-foot tank barges. All are intended for operation on inland rivers.
The application did not name proposed builders of the vessels or scheduled delivery dates.
The requested guarantee is for $20,000,000 of the total estimated cost of $24,200,000 for all vessels.
Mentioned in this article
Company
Parker Towing Company, Inc.applicant, Tuscaloosa, Ala.
Organization
Maritime AdministrationTitle XI guarantor
Transcribed from the May 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.
