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 October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Gazprom Transgaz Ufa Organizes Arts Festival

Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1451 sec (7 req/sec)