Seattle-based maritime transport company, Centerline Logistics, on Monday (28 December) acquired Saltchuk Marine Services’ California ship refueling business, currently operated by subsidiary Foss Maritime Company.
Centerline said this acquisition brings together the combined capabilities of two of the nation’s leaders in petroleum transportation, strengthening its position as a best-in-class provider of around the clock bunkering (ship refueling) services.
Through this expansion, Centerline will acquire Foss’s six bunker barges as well as its established customer contracts in the California market.
Centerline currently operates eight bunker barges in the ports of Los Angeles and San Francisco, part of a national fleet of marine transportation vessels serving customers along the West Coast, Gulf Coast and East Coast.
“Safe and versatile ship refueling is essential to keeping vessels and trade moving through American ports. As one of the largest bunkering operators in the United States, we are excited about the synergies this acquisition will deliver to our customers,” said Matt Godden, President and CEO of Centerline
“With Foss’s California bunker barges joining Centerline’s fleet, we will be in an even stronger position to provide our full suite of industry-leading maritime refueling services — from small vessels to the world’s largest ships.”
Over the course of 2020, Centerline has made the decision to pursue a strategy focused on strengthening its premier service offering – safe petroleum transportation.
Centerline and Foss noted there will be a short transition period during which Foss will continue to operate the bunker barges before Centerline takes operational control of the vessels.
Both companies added they look forward to partnering together during this transition to provide continuity of services.
Photo credit: Port of Los Angeles
Published: 31 December, 2020
Legal representatives met at the High Court on Tuesday to discuss the discharge of KPMG liquidators from all liability in respect of conduct in the course of winding up, show court documents.
Global sentence adjusts to 80 month’s imprisonment term for both Chang and Koh under application of the Masui sentencing framework; fine of SGD 6.2 million against Chang remains unchanged.
Company has been ranked EIGHTH for 2020; ‘we are humbled and proud to be placed amongst the top ten winners of the Enterprise 50 Awards,’ says Satnam Singh, COO, Sing Fuels.
Mads Bjornebye, Manager of Bunker Services at Teekay Tankers Ltd, shares about the company’s perspective of e-BDNs, bunker purchasing & planning tools, while offering his thoughts on future marine fuels.
Maritime sector may find it increasingly challenging to manage bunker prices, Dennis Ho, Managing Director at ElbOil Singapore tells Singapore bunkering publication Manifold Times.
NBF mulls use of blockchain-based registry of trade finance transactions as secure central database for the banking industry to streamline documentation processes and resolve transparency issues.