Crowley Seeks Funding for LNG-Powered Duo

Crowley Maritime is seeking for a Title XI ship financing guarantee for the two LNG-powered ConRo ships it has ordered from Halter Marine last year.

The company filed an application for a Title XI ship financing guarantee for a requested loan amount of $362,7m over 25 years on the actual cost of $414,6m, according to a list of pending applications by U.S. Marad.

The two LNG-powered ships are designed to travel at speeds up to 22 knots and carry containers ranging in size from 20-foot standard to 53-foot-long, 102-inch-wide, high-capacity units, along with hundreds of vehicles in enclosed, weather-tight car decking.