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Savage Inland Marine acquires New Orleans-based bunkering firm

30 Dec 2018

Savage Inland Marine on Friday (28 December) said it has acquired the assets of Progressive Barge Line, one of the largest bunkering (ship fueling) and tank barge operators in the Port of New Orleans.

The deal includes the acquisition of seven boats (1,600 to 2,400 horsepower) and 12 barges (11,000 to 30,000 barrel capacity), as well as warehouse and office facilities. It also includes two New Orleans area fleets on the Mississippi River.

Approximately 60 team members with Progressive Barge Line will be joining Savage as part of the development.

Savage’s marine fleet now includes 100 liquid tank barges, 42 dry cargo barges and 48 boats.

“We’re excited to grow our inland marine business through the acquisition of Progressive’s young fleet of well-maintained inland tank barges and towboats,” said Kirk Aubry, Savage President & CEO.

“We’re also pleased to welcome new Team Members to Savage who will contribute to the success of our Customers and the Company.”

“Adding these strategic assets and Team Members to our expanding operations provides another opportunity for the diversification of our integrated marine services,” said Mike Ellis, Savage Executive Vice President and Group Leader, Marine Solutions.

“Progressive’s team, led by Frances Boffone Kuehne, has an outstanding track record of providing safe and reliable bunkering services to their customers. We couldn’t be more proud to welcome them to our Team and continue their operational excellence.”

Published: 31 December, 2018
 

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