Pelham Marine Seeks Title XI On Two Boats To Cost $8.5 Million Total
Page 475 words
Finance/Title XI
Pelham Marine, Inc. of New Orleans has applied to MarAd for a Title XI guarantee to help finance two 180-foot tug/supply vessels for the U.S. Gulf of Mexico.
Pelham Marine, Inc., New Orleans, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of two 180-foot tug/supply vessels intended for operation in the U.S. Gulf of Mexico. No proposed shipbuilder was named, but the applicant indicated a December 1981 delivery was desired.
The requested guarantee is for $6,356,000, which is 75 percent of the estimated cost of $8,475,436 for the two vessels.
Mentioned in this article
Company
Pelham Marine, Inc.applicant, New Orleans
Organization
Maritime AdministrationTitle XI guarantor
GeoLocation
Gulf of Mexicointended area of operation
Transcribed from the May 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.
