Seeking Alpha

Greenbrier +6% premarket on major tank barge order

  • Greenbrier (GBX) +6.1% premarket on news that its Gunderson Marine division received an order from Kirby Offshore Marine (KEX) to build an articulated ocean-going oil and chemical tank barge, with an option for a second unit, in a deal that will bring GBX's current marine backlog to ~$70M.
  • Construction on the barge will begin in June, with completion scheduled sometime next year.
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