Seabarge, Ltd., Dallas, has applied for a Title XI guarantee to aid in financing the construction of three 250-foot, oceangoing deck barges. The applicant indicated that the barges will be used in offshore drilling, construction and supply activities in the Gulf of Mexico.
Misener Industries, Inc., St. Petersburg Beach, Fla., was listed as the proposed builder, with deliveries scheduled for the fourth quarter of 1981. The requested guarantee is for $4,580,000, which is 87½ percent of the estimated $5,235,000 cost of the three barges.