TEPPCO Acquires TransMontaigne Vessels

15 June 2009 (Last Updated June 15th, 2009 18:30)

Energy logistics company TEPPCO Partners has bought 28 barges and 19 boats from TransMontaigne Product Services for $50m. The vessels deliver bunker fuels for cruise liners and cargo ships as well as fuel oil for electric generation plants. After the current acquisition of v

Energy logistics company TEPPCO Partners has bought 28 barges and 19 boats from TransMontaigne Product Services for $50m.

The vessels deliver bunker fuels for cruise liners and cargo ships as well as fuel oil for electric generation plants.

After the current acquisition of vessels, the TEPPCO fleet will consist of 70 boats and 153 barges.