USA: FMT Industries to Build Six Tank Barges

FMT Industries, LLC—one of the several companies within the Florida Marine Group (Florida Marine)—has signed a contract with Trinity Offshore, LLC (now known as TY Offshore) to build an additional six 297’6” x 54’ x 12’, 30,000 barrel tank barges.

FMT placed its original order for four 30,000 barrel tank barges in October 2011; TY Offshore is on pace to deliver the first barge in mid July with follow on barges on thirty day intervals. The barges are being built at TY Offshore’s Gulfport, Mississippi facility.

Florida Marine’s Chairman and CEO, Dennis A. Pasentine, says, “Florida Marine continues to place its commitment to meet customers’ needs at the forefront of our priority list. To fulfill expectations, and with progress on our original contract well in hand at TY Offshore, we’ve decided to go ahead with the six option barges.”

John Dane III, TY Offshore’s President and CEO, comments, “FMT Industries has placed a good deal of confidence in TY Offshore (a brand we’ve recently adopted to avoid marketplace confusion). To exercise their option for the additional six barges only months following the original contract shows significant assurance in our capabilities. More, it guarantees that two hundred TY Offshore workers will be employed over the next 20 months.”

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Source: TrinityOffshore, June 20, 2012