SENESCO Announces Barge Contract

Friday, July 26, 2002
The Southeastern New England Shipbuilding Corporation (SENESCO) has signed a major barge contract for construction of a 171-ft. hopper barge that will have a holding capacity of 2,750 cubic yards. Construction has already begun and is expected to be completed this fall. The barge is being built for Disch Construction of Summit, N.J. who will used the barge to transport dredge spoils. This contract coincides with SENESCO’s executive team expansion which includes the hiring of their first CFO. “The growing reputation of SENESCO within the U.S. shipbuilding industry continues to generate new opportunities for our 200 employees,” said SENESCO president Bob Jarvis. The Disch contract represents SENESCO’s 32nd new construction contract since it completed its first barge in 2000. SENESCO officials also announced that they have recently completed a multi-vessel repair contract for Modern Contenental, a Boston-based construction company.

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