January 17, 2008
$100 million contract for Jeffboat
American Commercial Lines Inc. (Nasdaq: ACLI), parent of Jeffboat, America's largest inland shipbuilder and repair facility, today announced that it has entered into a six year, approximately $100 million, multi-vessel contract with a major customer, to build both liquid and dry cargo barges. Construction will begin in 2008.
Commenting on the order, Jerry Linzey, ACL Chief Operating Officer stated, "This agreement reflects our commitment to grow within existing markets, supports our strategic manufacturing goals, and fully leverages the manufacturing capacity of the shipyard."