ACL Announces $30m Barge Order

Tuesday, May 02, 2006
American Commercial Lines Inc. announced it has secured a $30 million multi-year contract with Statia Terminals New Jersey, Inc., a division of Valero, LP to build ABS certified ocean tank barges. Construction at Jeffboat LLC, a division of ACL, will start in the fourth quarter of 2006 for deliveries in 2007 and 2008. Commenting on the order, Jerry Linzey, SVP Manufacturing stated, "The addition of Valero, the largest refiner in North America, as a customer is a significant accomplishment. We continue to diversify our business with the increased presence in the coastal transportation equipment market which not only broadens our product offering but also begins to insulate the shipyard from the cyclicality of the inland barge construction market. The new order increases the sales backlog for Jeffboat to approximately $400 million."
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0823 sec (12 req/sec)