American Commercial Lines Inc. (ACL) (Nasdaq: ACLI) announced that it has entered into a long-term industrial development lease agreement with O'Rourke Marine Services, LP of Houston, Texas. Under the lease agreement, O'Rourke will provide full-service towboat fueling and lubricant services to the inland marine industry from ACL's property in Channelview, Texas.
The agreement provides O'Rourke with a strategic operating location in the Houston ship channel. In addition to fueling and lubricant services, O'Rourke will collect used oil and bilge discharge at their new facility.
Dan Jaworski, General Sales Manager of Liquids for ACL, said, "Having O'Rourke as a tenant at our Channelview facility will enable us to more efficiently fuel our towboats, and, as part of the agreement, O'Rourke will utilize ACL's towing and barge services as the need arises."