$13-Million In Title XI Guarantees Sought For 50 Hopper Barges
Three limited partnerships located at 2701 Houma Boulevard, Metairie, La., have applied for Title XI guarantees to aid in financing a total of 50 hopper barges. All are to be 200 feet long, and are intended for operation in the Mississippi River. The applicants are: Commercial Barge Carrier Limited Partnership I, which requested a guarantee of $5,359,000 for 20 barges it proposes to have built by Equitable Shipyards, Inc. of Metairie; Commercial Barge Line Limited Partnership I, which requested a guarantee of $2,680,000 for 10 barges, with Equitable also listed as the proposed builder; and Commercial Barge Transport Limited Partnership I, which requested a guarantee of $4,998,000 for 20 barges, with Jeffboat, Inc., Jeffersonville, Ind., the proposed builder.
In each case, the requested guarantee is for up to percent of the estimated actual cost of the vessels. All would be scheduled for delivery by the end of the year.