The following is the text of a news release from Ingram Barge Co.:
(NASHVILLE, Tenn.) — Ingram Barge Co. announced that it will be building 20 tank barges in 2015 to meet growing demand for chemical shipments. While most of the company’s recent tank barges have come through acquisitions, this continued expansion in its barge fleet coincides with a 10-year plan that began in 2007 to build barges with Trinity Industries.
With its building strategy, Ingram has been able to maintain its fleet size as barges reach retirement age. Today’s announcement demonstrates Ingram’s commitment to continue building tank barges as part of its goal to meet its growing customers’ demand in the chemical liquids sector.
Over the past several years, inexpensive natural gas has increased domestic chemical production and demand for new tank barges. Ingram Barge’s CEO, Orrin Ingram, said the upcoming investment would provide more barges for the petrochemical industry throughout the inland river system.
“The petrochemical industry remains strong and is one of our strategic areas for investment,” he said. “We’re building to replace retiring barges and to grow with our customers.”
Overall, Ingram has nearly 5,000 barges. Ingram has been involved in liquid barge transportation since the mid-1940s, and also transports dry cargo such as coal, grain, fertilizers and steel.
About Ingram Marine Group
Ingram Marine Group encompasses Ingram’s operating units involved in transporting bulk commodities on America’s inland waterways, terminaling bulk commodities, and delivering fuel and supplies to the towing industry. The largest of the operating units is Ingram Barge Co., which transports coal, aggregates, grain, fertilizer, ores, alloys, steel and chemicals with a fleet of 140 towboats and 5,000 barges. Other units include Custom Fuel Services (diesel fuel and supplies) and Triangle Fleet (ship anchorage in Louisiana). For more information, visit www.ingrambarge.com.