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

People & Company News

Danny Broad Appointed to ARENA Board

The Chair, Board members and staff of the Australian Renewable Energy Agency (ARENA) are delighted to advise that Danny Broad has been appointed by the Australian Government to the Board of ARENA.

Monitoring U.S. Troops Returning from Ebola Mission

Secretary Hagel has signed an order that validated a recommendation from the Joint Chiefs of Staff to place all U.S. military service members returning from

Danaos Corp. 3Q & 9M Results

Danaos Corporation, a leading international owner of containerships, today reported unaudited results for the period ended September 30, 2014. Highlights for

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Ship Electronics 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: 0.0940 sec (11 req/sec)