Saltchuk Marine has expanded its fleet by acquiring a rival towage service provider in the US
In a two-way deal, this growing tug owner has acquired Centerline Logistics’ harbour ship-assist operations in California and the Pacific northwest region.
The deal includes eight port tugs operated under the Millennium and Starlight brands, which will join the Saltchuk Marine fleet during Q1 2021. Operations will be consolidated under the Starlight brand, which will remain independently operated and managed.
Saltchuk Marine said this corporate acquisition will increase its ship-assist capacity by more than 40% in California and adding the Starlight brand will expand the group’s harbour towage services along the US west coast.
Going the other way, Centerline Logistics is acquiring Saltchuk Marine Services’ California ship refuelling business, which is currently operated by subsidiary Foss Maritime, strengthening its position as a provider of ship bunkering services in the US.
Centerline will acquire Foss’s six bunker barges and its established customer contracts in the California market adding to the eight bunker barges Centerline already operates in the ports of Los Angeles and San Francisco. These are part of a national fleet of marine transportation vessels serving ships along the US west, east and Gulf coasts.
Centerline and Foss will partner during a transition period to provide continuity of services. During a similar transition period, Saltchuk Marine and Centerline will partner to provide continuity of tug operations while the transaction is completed.
In a separate deal, Interlake Holding Co has acquired an articulated tug-barge (ATB) operating on North America’s Great Lakes, purchasing the assets of Pere Marquette Shipping Co to diversify the cargo it transports in the region.
This includes ATB Undaunted/Pere Marquette 41 that Interlake describes as a “workhorse on the Great Lakes” as it transports cargoes that traditional self-unloaders cannot, such as large armour stone for break walls, pig iron, scrap and other miscellaneous materials.
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