Brown Marine Requests Title XI For Two Barges To Cost $3.6 Million Total

Brown Marine Service, Inc., Pensacola, Fla., has applied to the Maritime Administration for a Title XI guarantee to aid in financing the construction of one single-skin tank barge and one double-skin tank barge. The single- skin barge will have a 20,000- barrel capacity; the double-skin barge will have a 40,000-barrel capacity. Ingalls Marine Division of Ingalls Industries, Decatur, Ala., will build both vessels, and expects to deliver them in 1981.

Brown Marine plans to operate the barges in the Gulf of Mexico and on U.S. inland waterways. If approved, the Title XI guarantee will cover $3,154,854, or 87M> percent of the $3,582,690 estimated cost of both barges.

Maritime Reporter Magazine, page 4, Nov 1980

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