ACL to Purchase Assets from McKinney Companies

Wednesday, February 14, 2007
American Commercial Lines Inc. announced that its subsidiary American Commercial Lines LLC (ACL) has entered into an agreement to purchase twenty towboats and related equipment from the McKinney group of companies (McKinney) for $15 million in cash. The transaction will double the size of ACL’s Gulf-region operations. The Company anticipates hiring approximately 200 former McKinney employees, including certified captains and pilots. Commenting on the agreement, Richard A. Mitchell, Senior Vice President Corporate Strategy, stated “The purchase of the McKinney assets will improve ACL’s vessel operations in the Gulf region. It is an important step in our strategy to enhance the services we offer to our customers.”
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Long Beach Port Celebrates Environmental Successes

Shipping lines, environmental organizations, trucking companies, terminal operators and a railroad were honored today, July 29, by Long Beach Mayor Dr. Robert

NAO Expedition to Study Walruses

From Naryan-Mar complex expedition started "Investigation Atlantic walrus habitat" for the study of animal southeastern Barents Sea. The expedition of seven

Rolls-Royce Takes Davies on Board

Rolls-Royce today announces the appointment of Alan Davies as a Non-Executive Director. He will join the Board with effect from 1 November 2015 and will become

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2793 sec (4 req/sec)