Pinnacle Asks Title XI On Three Deck Barges To Cost $7.4 Million Total
Page 478 words
Finance/Title XI
Pinnacle Company of Houston has applied to MarAd for a Title XI guarantee to help finance three 300-foot deck/specialty barges for Gulf of Mexico service, to be built by Misener Industries of Tampa.
Pinnacle Company, Houston, has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of three 300-foot deck/specialty barges for use in the U.S. Gulf of Mexico. Misener Industries, Inc., Tampa, Fla., is the builder, with deliveries scheduled for this year.
The requested guarantee is for $6,450,000, or up to 87 1/2 percent of the total estimated actual cost of $7,402,410 of the three barges.
Mentioned in this article
Company
Pinnacle Companyapplicant, Houston
Misener Industries, Inc.builder, Tampa, Fla.
Organization
Maritime AdministrationTitle XI guarantor
GeoLocation
Gulf of Mexicointended operating area
Transcribed from the June 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.