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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Iranian Port Deal: Modi's Masterstroke

Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar

Winners of Ferry Design Contest Selected

Winners of International Student Design Competition for a Safe Affordable Ferry to be revealed at the Ferry Safety and Technology Conference   Dr. Roberta Weisbrod,

Maritime Consolidation: Palfinger Aims to Acquire Harding

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire

Barges

HUMMEL LNG Hybrid Barge Begins Second Season

For over one year the HUMMEL has been contributing to improved air quality at the port of Hamburg. Becker Marine Systems’ LNG Hybrid Barge will also be supplying

The MN 100: Apply Now

The August 2016 edition of MarineNews, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators,

Bouchard: New Logo and Website

Bouchard Transportation Co., Inc., an independently-owned oceangoing petroleum barge company, has introduced a new corporate logo and announced plans to launch

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Sonar 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: 0.0896 sec (11 req/sec)