Kirby Corp. announced today that it will purchase the fleet of Cenac Marine Services LLC for approximately $244 million. The deal will be financed through additional borrowings and is expected to close late this quarter.
Cenac’s fleet consists of 63 30,000-bbl. inland tank barges with approximately 1.9 million bbls. of capacity, 34 inland towboats, and two 3,200-hp offshore tugs. The average age of Cenac’s barge fleet is four years, and the towboat/tug fleet averages six years. Of the 63 barges,...
https://www.workboat.com/news/coastal-inland-waterways/kirby-acquires-cenac-for-244-million/
