In what will be its first vessel construction project, Baltimore Marine Industries Inc. has signed deals with two marine transportation companies to build up to eight $3 million barges.
Baltimore Marine entered into an agreement with Vane Brothers Co. of Baltimore and Elk of Marine Transportation Inc. of New York to sell each up to four double-hulled barges.
Each company has a contract with Baltimore Marine for two 250-foot-long, 30,000-barrel-capacity barges, and each has an option for two more.
Baltimore Marine, which bought the Sparrows Point shipyard from Bethlehem Steel Corp. last year, will begin work on the first barge this month for delivery by the end of the year.
"The new vessels provide a boon to the local community in all sorts of ways," said Vane Brothers President Charles Hughes. "This represents a Baltimore-based partnership creating local jobs to produce barges designed with state-of-the-art environmental safeguards that will protect the bay and other waterways we share."
Vane Brothers will use the barges to service ships and terminals from Philadelphia to Virginia.
Pub Date: 7/22/98