04FEB2019 - NEWS - Houston based Kirby Corporation announces a definitive agreement to acquire fleet of Cenac Marine Services

Houston based Kirby Corporation has recently announced a definitive agreement to acquire the marine transportation fleet of Houma based Cenac Marine Services. Cenac’s fleet consists of 63 30,000-barrel inland tank barges with approximately 1.9 million barrels of capacity, 34 inland towboats, and 2 offshore tugboats. The closing of the acquisition is expected to take place in the first quarter of 2019 and is subject to customary closing conditions, including regulatory approvals. Cenac moves petrochemicals, refined products, and black oil, including crude oil, residual fuels, feedstocks and lubricants on the lower Mississippi River, its tributaries, and Gulf Intracoastal Waterway for major oil companies and refineries.

Published by Editor - www.Livebunkers.com at 04-Feb-2019 06:09:40 [UTC] , contact editor at editor@livebunkers.com