U.S. Shipping Corp's ATB Corpus Christi/Petrochem Supplier. Credit: U.S. Shipping Corp
Fort Lauderdale, Florida-based Seacor Holdings has acquired Jones Act shipping company U.S. Shipping Corp.
USSC is provider of long-haul marine transportation for chemical and petroleum cargoes in the U.S. coastwise trade. The company operates six Jones Act compliant vessels including one parcel tanker, one product tanker, and four state-of-the-art articulated tug barges.
Seacor Holdings aid the acquisition, which closed on Aug. 13, positions Seabulk as one of the largest Jones Act tanker operators with a fleet of 15 coastwise vessels ranging in size from 150,000 to 330,000 barrels of capacity. Seabulk is part of the SEACOR family of companies.
“Combining these two fleets and operating teams will provide our respective customers with enhanced flexibility, best-in-class equipment, and excellent service well into the future,” says Dan Thorogood, Chief Executive Officer of SEABULK.
“We believe that this transaction will provide our existing customers, in particular those moving chemical parcels, with access to an expanded, modern, and highly capable fleet of vessels and an operations team with a proven dedication to safety and customer service,” said Albert Bergeron, former Chief Executive Officer of USSC.
Terms of the transaction were not disclosed.
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