SeaBridge Freight to modify barges with Marine Highway grant help"

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September 24, 2010

SeaBridge Freight to modify barges with Marine Highway grant help

Container-on-barge specialist SeaBridge Freight Corp., Palmetto, Fla., is to purchase equipment and modify two barges with the help of a grant via the Cross Gulf Container Expansion Project.

The Cross Gulf Container Expansion Project between Brownsville, Texas and Manatee, Florida along Marine Highway Corridor 10 was awarded $3.34 million to help modify two barges and purchase equipment under the round of America's Marine Highway awards announced earlier this month.

"The Cross Gulf Container Expansion Project was sponsored by the Mississippi Department of Transportation, the Port of Brownsville, Texas and Port Manatee, Florida and is based upon the SeaBridge Freight business model," said SeaBridge Chairman and CEO Mike Shea. "The grant will enhance our service and reduce operating costs for the company."

Hank Hoffman, President and Chief Operating Officer called the grant "a significant milestone for the company."

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