ACL in multi-year agreement to carry Exxon Mobil cargoes

acl towboatJANUARY 31, 2013 — Jeffersonville, IN, headquartered American Commercial Lines reports that has entered into an agreement with Exxon Mobil's SeaRiver Maritime Inc. to provide petroleum barge transportation services on the U.S. inland waterways.

As of January 1, 2013, ACL has entered into a multi-year agreement with SeaRiver to transport liquid cargoes via its mainline service and in unit tows.

"We look forward to partnering with SeaRiver to transport ExxonMobil cargoes on the inland waterways," Mark Knoy, President and Chief Executive Officer of ACL, stated. "This is an exciting opportunity as we continue to diversify our business mix with a focus on liquid cargoes and add the highest caliber shippers to our customer portfolio. To meet the needs of SeaRiver and all of our valued customers, we have condensed our traffic patterns for maximum efficiency, refurbished our boat fleet for improved reliability, and are adding liquid capacity with new 30,000-barrel tank barges built with the highest quality craftsmanship by our manufacturing division Jeffboat."

Want more? Subscribe now!

News from NASDAQ