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Ingram Makes Historic Fleet Investment

Ingram Barge President & CEO Craig Philip Ingram Barge Company announced it has placed an order for up to 20 new 10,000-barrel double-skin tank barges - the largest new construction addition to Ingram's fleet of tank barges since 1976. Ingram Barge is the largest inland carrier in America with more than 130 towboats and nearly 4,000 barges operating on the Mississippi, Ohio, Illinois, Tennessee and Cumberland rivers and the Gulf Intracoastal Waterway. The purchase announced today will expand Ingram's tank barge fleet by about ten percent. Ingram has been operating tank barges since the mid-1940s, although it has traditionally been a smaller component of the company's business. Currently, Ingram owns and operates nearly 200 tank barges which provide service for many oil and chemical companies. The builder of the new barges will be Jamesbuilt, LLC, a subsidiary of James Marine, Inc. of Paducah, Kentucky. Terms of the new agreement were not disclosed. Dan Martin, Ingram's Senior Vice President and Chief Commercial Officer, said delivery of the new state-of-the-art tank barges will occur over a 30-month period beginning in 2008. "Ten of these barges will be equipped for vapor recovery, and ten are to be outfitted with steam coils for heating cargoes," Mr. Martin explained. "This new capacity is being added as a result of a combination of new affreightment contracts and a continuing need to recapitalize our fleet."


MARAD: $10m in Small Shipyard Grants Awarded

U.S. Transportation Secretary Ray LaHood announced $9.98 million in grants to 13 small shipyards throughout the United States to help modernize facilities, increase productivity, and help make the country’s small shipyards more competitive in the global marketplace. “These grants will help improve our ability to build and repair ships in the United States, strengthening our economy and helping position these small businesses and shipyard workers to be better prepared to win the


USDOT’s Maritime Administration Announces $9.98 Million in Grants to Small Shipyards

U.S. Transportation Secretary Ray LaHood today announced $9.98 million in grants to 13 small shipyards throughout the United States to help modernize facilities, increase productivity, and help make the country’s small shipyards more competitive in the global marketplace. Over 50,000 Americans are employed by small shipyards in more than 30 states. The facilities vary in size, from family-owned businesses employing a few dozen workers to state-of-the-art facilities with hundreds of


 
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