Ingram Makes Historic Fleet Investment

Monday, December 03, 2007
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."

Craig Philip, Ingram's President and CEO, noted that the purchase order is a reflection of his company's strong commitment to the marine industry, the economy, and the future of the markets Ingram serves.

"This new construction contract demonstrates our commitment to this very important segment of our business," Mr. Philip said. "Coupled with our fleet of nearly 4,000 dry cargo barges and over 130 towboats we are able to offer a very high level of predictable service to customers, along the entire inland river system."

Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

China Passes New Pollution Law, Will Cap Coal Consumption

Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption,

Marad Celebrates Deployment of Maritime Fuel Cell Project

The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell

Gazprom, OMV Meet on Establishing Nord Stream JV

At a Meeting held at the Gazprom headquarters between Alexey Miller, Chairman of the Company's Management Committee and Rainer Seele, Chairman of the Executive Board of OMV,

Barges

MN 100: Bouchard Transportation

The Company: Bouchard Transportation’s history dates back to its incorporation in 1918 by founder, Capt. Fred Bouchard, the youngest tugboat captain in the Port of New York.

ASL Shipyard Secures S$140mln Build Contracts

ASL Shipyard Pte Ltd. a wholly-owned subsidiary of ASL Marine Holdings Ltd., has secured new shipbuilding contracts worth approximately S$140 million for the construction

The Maritime Person of the Year

The Massachusetts Maritime Academy’s annual salute to ‘the person of the year’ this year spotlights McAllister Towing and Transportation Co. and its leadership team.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar
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: 0.7980 sec (1 req/sec)