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

TSB Investigating Ferry, Pleasure Craft Collision

The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Laval, Quebec, following a collision between the ferry Paule II and a pleasure craft which occurred on August 1.

First Vessel of New Rescue Class Launched

Global shipping and energy services firm, Craig Group, has launched its first F-Class vessel, the Grampian Fortress. The IMT 958 multi-role emergency response and

MacArthur Lock Dewatered for Emergency Repairs

The U.S. Army Corps of Engineers, Detroit District, announced the MacArthur Lock, located on the Soo Locks at Sault Ste. Marie, Mich., is experiencing mechanical

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1447 sec (7 req/sec)