Nashville-based Ingram Barge Company announced that they will be building 20 new tank barges in 2015 to meet growing demand for chemical shipments.
Ingram notes that while most of the company’s recent tank barges have come through acquisitions, the continued expansion of their barge fleet through newbuilds coincides with a 10-year plan that began with Trinity Industries in 2007 in order to maintain fleet size evan as older barges reach retirement age.
Ingram says that the 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 fueled by inexpensive natural gas that has increased domestic chemical production. 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 5000 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.
Ingram Barge Company operates as a subsidiary of Ingram Marine Group Ingram Barge Company and has a fleet of 140 towboats and 5000 barges.