Hornbeck-Leevac Expands Tug and Barge Fleet in Northeast U.S.

Monday, June 11, 2001
Hornbeck-Leevac Marine Services has acquired the Spentonbush/Red Star Group marine transportation fleet for $28 million, and has entered into a strategic alliance with Amerada Hess Corp. in the Northeast U.S. market. The vessels acquired include nine ocean-going tugs and ocean-going tank barges. In addition to the acquisition of the Hess fleet, Hornbeck-Leevac has signed a long-term contract with Amerada Hess with the understanding that it will be excluseive marine logistics provider and transporter of petroleum products in the Northeast U.S. These vessels will be utilized primarily in the transportation of gasoline, and residual fuel oil between refineries, distribution terminals and ships lightering across the Eastern Seaboard. The transaction also covers the right to acquire Amerada Hess's marine facility in Brooklyn where Hornbeck-Leevac's regional operations will now be based.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Michelle Obama to Christen Navy's Newest Submarine

U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.

Incat Ferry Order from Denmark

Incat Tasmania Pty Ltd, Australian shipbuilder, has secured a contract for the construction, delivery and long term charter of a large fast vehicle ferry for Danish company Mols-Linien A/S.

Korean Shipbuilders in Red

South Korean shipbuilders are struggling with huge losses stemming from the delivery of low-priced ships and a delay in the construction of offshore facilities such as drill ships.

Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Port Authority Ship Electronics Ship Repair Ship Simulators Sonar 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: 0.1177 sec (8 req/sec)