Title XI Requested To Reconstruct Flat-Deck Oceangoing Barges

Allied Barge, Inc., P.O. Box 717, Norfolk, Va., has applied for a Title XI guarantee to aid in financing reconstruction of two nonself-propelled, flat-deck, oceangoing barges, the Cindy F and Susan F. The application states PACIFIC SHIPYARDS CORPORATION SHIPYARDS: LOS ANGELES - SEATTLE A subsidiary of Todd Shipyards Corporation that the Cindy F will be used to carry clean petroleum products from Yorktown, Va., to various Northeast ports, and the Susan F to transport liquid and dry cargoes between the East and Gulf Coasts. Both barges are currently owned by Bulk Food Carriers, Inc., but Allied is negotiating a purchase agreement.

The barges were built by the S e a t r a i n S h i p b u i l d i n g Corp., Brooklyn, N.Y., in 1976. They are approximately 300 feet long, 90 feet wide, and 22 feet deep.

The Title XI guarantee would be for approximately $2,230,000, or up to 87V1> percent of the estimated actual cost of the work.

Allied Repair Service, Inc., would perform the reconstruction of the Cindy F; the shipbuilder for the Susan F has not yet been determined.

Maritime Reporter Magazine, page 10, Oct 1978

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