MarAd Approves Title XI On Oceangoing Barge To Cost $18.6 Million
Page 5877 words
Shipbuilding
The Maritime Administration approved in principle a Title XI application by Ocean Barge Corporation for a 33,000-dwt dry cargo barge to be built by Bay Shipbuilding.
The Maritime Administration has approved in principle an application by Ocean Barge Corporation, New Orleans, to aid in financing the construction of an oceangoing, 33,000-dwt dry cargo barge.
Bay Shipbuilding Corporation, Sturgeon Bay, Wis., is the builder. The 550-foot vessel is scheduled to be delivered in November and is expected to be employed in the domestic U.S. coastwise coal trade. The Title XI guarantee covers $16,257,000, or 87 1/2 percent of the estimated cost of $18,580,000.
Mentioned in this article
Company
Ocean Barge Corporationbarge owner/applicant
Bay Shipbuilding Corporationshipbuilder
Organization
Maritime AdministrationTitle XI approving agency
GeoLocation
Sturgeon Bay, Wis.shipyard location
Transcribed from the July 15, 1981 print edition of Maritime Reporter &
Engineering News. Text is OCR-derived and may contain errors.
