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K-Sea Transportation Partners L.P. Acquires Tugboats from Roehrig Maritime |
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Thursday, 05 June 2008 14:05 |
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Business Wire
Posted: 2008-06-05 14:19:00
K-Sea Transportation Partners L.P. (NYSE: KSP) announced today that it has acquired eight tugboats previously owned and operated by affiliates of Roehrig Maritime, LLC of New York. The purchase price, including certain ancillary equipment, was approximately $41.9 million in cash, and the transaction is expected to be immediately accretive to K-Sea s distributable cash flow. The tugboats range in size from 2,400 horsepower to 6,000 horsepower, and will provide additional towing power to K-Sea or continue to work under their current charter contracts.
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Read more... [K-Sea Transportation Partners L.P. Acquires Tugboats from Roehrig Maritime]
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