August 3, 2001
Big order in pipeline for Jeffboat?
The latest Title XI application data released by the U.S. Maritime Administration indicates that Vessel Leasing LLC has applied for Title XI financing in connection with 225 covered hopper barges from Jeffboat. The "actual cost to owner" is shown as $65,027,335
Last ditch effort to save U.K.repair yard
British press reports say a group of senior managers have put in a last minute bid to the receiver for the Cammell Laird Birkenhead yard. They plan to keep it going as purely a repair yard.
Reportedly, the group is led by the yard's managing director, Dave Gillam, and financial and commercial director Steve Brookfield. The offer is backed by Lloyds TSB, the Department of Trade and Industry, and Mersey Docks & Harbour.