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

People & Company News

TOTE Vessel Reported Missing Off Bahamas

The U.S. Coast Guard search and rescue crews have been searching for the lost TOTE Maritime M/V El Faro container ship with 33 crew members on board, which has

Kalmar to Upgrade MSC Terminal VLC (Valencia) Cranes

Kalmar, part of Cargotec, has announced a large contract to heighten and extend the handling capabilities of eight ship-to-shore (STS) cranes at MSC Terminal VLC in Valencia, Spain.

Wärtsilä Debuts Package for hydropower & industrial plant

Wärtsilä Corporation, a global leader in complete lifecycle power solutions for the marine and energy markets, expands into a new market segment, offering a comprehensive package of seals,


AEP to Sell AEP River Ops To ACL

American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL),

SubM Debut Now Set for February 2016

Outsourcing, E-Solutions Help Mariners “Say What You Mean, Mean What You Say, and Prove it.” The perennial “Year of Subchapter M” has been kicked forward again, this time to February 2016.

Seaspan Unveils Massive Barge in Canada

Seaspan bulks up investment in BC’s marine sector, celebrates addition of fourth new barge in the past 10 months  Seaspan Marine unveiled the newest addition to its marine fleet,

Maritime Careers / Shipboard Positions Maritime Standards Navigation Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1871 sec (5 req/sec)