K-Sea Transportation Partners
LP, said it signed a $40m contract extension
for barge construction with the manufacturing arm of American Commercial Lines
The company said the construction of four 50,000 barrel tank barges will begin in first quarter of 2009, with delivery of the first vessel scheduled for December of that year. The three other vessels will be completed in three month increments after that, K-Sea said.
The contract extends the barge construction agreement through 2010.