Ingram orders largest addition to tank fleet in 31 years

(NASHVILLE, TN – December 3, 2007) Ingram Barge Company 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. The builder of the new barges will be Jamesbuilt, LLC, a subsidiary of James Marine, Inc. of Paducah, Kentucky.

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 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.

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.”

By Professional Mariner Staff