US tank barge operator Kirby Corporation has entered into an agreement to purchase the assets of Allied Transportation and two affiliated companies.
Kirby Corporation, the largest tank barge operator in the US, reports marine transport revenues for the 2011 fourth quarter of $335.1m, a 44% increase compared fourth quarter 2011.
US Tank barge operators in the US market, as well as vessel manufacturers and other domestic shippers, are riding a wave of rising demand and coming up with new ways to serve the market
Tank barge operator Kirby Corporation has purchased the coastwise tank barge fleet of fellow operator Seaboats for $42.3m.
Kirby Corp has completed the acquisition of K-Sea Transportation Partners.
BARGING In a significant development for US domestic marine shipping, two of the largest tank barge operators in the market will become one if an announced buyout is approved