Puget Sound Tug & Barge Will Build 12 Barges Costing $39.5 Million
Puget Sound Tug & Barge Co., a subsidiary of Crowley Maritime Corporation, One Market Plaza, San Francisco, has applied for Title XI guarantees to aid in financing t he construction of 12 barges.
The vessels will be of three types: four 240-foot-long lighterage barges, four 282-foot oil/ grain barges, and four 400-foot oil/deck cargo barges. Zidell Inc., Portland, Ore., has been selected to build two of the lighterage barges. F.M.C. Corporation, also of Portland, is scheduled to build the remaining lighterage barges. No builders have been named for the other barges, and no delivery dates have been set for any of the vessels.
When completed the barges are expected to be operated on the U.S. West Coast.
If approved, the Title XI guarantee would cover $34.5 million, roughly 87y2 percent of the vessels' $39.5-million combined estimated actual cost.