Griffiths Receives Title XI To Build Tug And Barge

Samuel B. Nemirow, Deputy Assistant Secretary of Commerce for Maritime Affairs, has approved in principle the application by James Griffiths & Sons, Pier 43, Seattle, Wash., for a Title XI guarantee to aid in financing the construction of one 1,400-horsepower tug and one 30,000-barrel barge.

The vessels are under construction at Jeffboat, Inc., Jeffersonville, Ind. The tug has an approximate overall length of 80 feet, a beam of 25 feet, and a draft of 11 feet. The barge measures approximately 230 feet in overall length, 60 feet abeam, and has a depth of 16 feet.

The vessels will transport petroleum and related products in Puget Sound and vicinity. In recent years, the applicant has been actively engaged in the transportation of gasolines, jet fuels, heating oils and diesel fuels in this area.

The estimated actual cost of the two vessels is approximately $2.1 million. The Title XI guarantee (87*4 percent on the barge and 75 percent on the tug) will cover approximately $1.7 million.

Maritime Reporter Magazine, page 8,  Nov 15, 1978

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.