New Container Facility at Krishnapatnam Port
Krishnapatnam Port, India's largest all-weather; deep water port on the east-coast of India has inaugurated CONCOR’s - Port Side Container facility – a Government of India undertaking. This event is a significant turning point for the port, as the opening up of the Port Side Container facility will ensure the expansion and growth of the container terminal in the port. It will also help keep the quality of the cargo intact and help in safe and efficient transportation. Shri Suresh Prabhakar Prabhu the Hon’ble Minister of Railways inaugurated the CONCOR’s - Port Side Container facility…
MMLP Purchases Marine Equipment From FMT
Martin Midstream Partners L.P. (Nasdaq:MMLP) ("MMLP" or the "Partnership") and Florida Marine Transporters, Inc. ("FMT") has announced that MMLP has purchased from FMT affiliates six liquefied petroleum gas ("LPG") pressure barges and two commercial push boats for approximately $50.8 million. The newly acquired LPG barges enhance MMLP's natural gas liquids ("NGL") handling capabilities. The Partnership intends to use these assets to capitalize on logistical opportunities associated with NGLs on the Gulf Coast. Incremental NGL production volume from the Eagle Ford Shale is one of the primary drivers of the increasing demand for these types of assets. MMLP intends to drive margin by capitalizing on logistical opportunities in excess of the standard marine transportation services revenue.
Larson Electronics' Magnalight.com Adds Explosion Proof LED Light
Larson Electronics' Magnalight.com Announces Addition of Explosion Proof LED Manhole Entryway Light. Magnalight.com announced today the release of an innovative manhole mounted light fixture to its explosion proof lighting inventory. The Magnalight MMLP-1MLED Temporary Manhole Mount Light Fixture is approved for use in enclosed spaces and produces 10,000 lumens of light in a wide flood pattern, making it ideal for illuminating large areas. A 16 inch LED light head attached to…
Martin Midstream Acquires Marine Services Assets
Martin Midstream Partners L.P. petroleum products. Tesoro's lube oil inventories. lubricant distribution and marketing business. Bank of Canada from $60 million to $80 million. announced acquisition of a terminal and three vessels. for Tesoro's diesel fuel inventories. of MMLP's general partner. MMLP. services to Midstream Fuel Service. was provided through an expansion of MRMC's existing credit facility. acquisition since our initial public offering last year.
