Four affiliates of Golden Gulf Marine, 831 Orleans Avenue, New Orleans, have applied for Title XI guarantees to aid in financing the construction of eight tug/supply vessels. The companies — Alpha Limited Partnership, Beta Operating Partnership, Gamma Operating Partnership, and Delta Operating Partnership — seek guarantees for two vessels apiece.
All eight of the 173-foot-long, diesel-powered vessels will be built by Moss Point Marine, Escatawpa, Miss. The first vessel is scheduled to be delivered in October 1981; the last in December 1982. All the tug/supply vessels are intended for use in the Gulf of Mexico.
If approved, the Title XI guarantees would cover a total of $20,740,000, 75 percent of the vessels' combined estimated actual cost of $27,654,000.