Seattle-based maritime transportation supplier Centerline Logistics introduced it has acquired a fleet of liquid tank barges and tugboats from maritime asset holding firm JMB Delivery.
The deal closed on February 23, and its phrases weren’t disclosed.
Previous to the acquisition, JMB Delivery was owned by JMB Capital Companions Lending, an funding agency that bid $115 million in 2021 to buy a portion of Bouchard Transportation’s tug and barge fleet after the New York-based marine transport firm went bankrupt. The opposite portion of the Bouchard fleet was offered to Rose Cay for $130 million.
The JMB Delivery fleet was beforehand leased and managed by Centerline, which now takes possession and operational management. With the brand new property, Centerline says its fleet offers greater than 3 million barrels of liquid tank barge capability.
“JMB Delivery’s property are among the many most unusual and fascinating within the coastal Jones Act market,” mentioned Matt Godden, CEO of Centerline Logistics. “Given the rising emphasis on home power safety, these property have been, and can stay, essential additions to Centerline’s fleet.”
Vikas Tandon, Chief Funding Officer of JMB Capital Companions Lending, LLC, mentioned, “Centerline has been a incredible companion throughout our possession of the property, and we’re happy that the vessels will now be underneath Centerline’s full possession and management.”
