Inan email exchange with TradeWinds the company confirmed it withdrew a requestfor a $169.3m loan to finance a pair of products tankers under construction atAker Philadelphia Shipyard but noted another application is now in the works.

SpokesmanMark Miller said the Jacksonville-based operator has a “new application underpreliminary review” but declined to identify which newbuilding project Crowley hopesto finance with funds from the Title XI programme.

 “We