Parker Towing Barge And Towboat Project To Cost $14 Million

Parker Towing Co., Inc., P.O.

Box 72, 1001 o 24th Avenue, Tuscaloosa, Ala. 35402, has applied for a Title XI guarantee to aid in financing 35 barges and four towboats.

The vessels will be used on the inland and coastal waterways of the United States.

The project includes 33 hopper barges, each with a capacity of 273 short tons. Jeffboat, Inc. of Jeffersonville, Ind., will build 10 of the hopper barges for delivery March 31, 1980. A shipbuilder has not been designated for the other 23 hopper barges.

Jeffboat, Inc. will also construct two 26,000-barrel tank barges for the applicant.

The project also involves the construction of two new towboats and the reconditioning of two others. One of the new vessels is being built at Mainstream Shipyards & Supply, Inc., Greenville, Miss., and is scheduled for delivery on June 30, 1980. Another towboat is to be built at an undesignated shipyard.

Mainstream Shipyards & Supply will also recondition a towboat f o r Parker Towing. The work was e x p e c t e d to be completed last month. In addition, Harrison Bros. Drydock & Repair Yard, Inc., Mobile, Ala., reconditioned a towboat for the applicant. It was redelivered October 12, 1979.

The estimated actual cost of the entire project is $14,178,000.

If approved, the Title XI guarantee would cover $11,934,000 of that amount.

Maritime Reporter Magazine, page 42, Feb 1980

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