SeaNews Turkey
Home FAQ RSS Links Site Map Contact Sunday, 31.Aug.2014, 02:13 (GMT)
All News
INTERVIEW
TURKISH STRAITS
SEANEWS MAGAZINE
COLUMNISTS
WORLD SHIPPING
PORTS
SHIPPING NEWS
SHIPBUILDING
ACCIDENTS
PILOTAGE&TOWAGE
MARKETS
LOGISTICS
SHIP RECYCLING
IMO&EU NEWS
PIRACY
TURKISH PRESS REVIEW
SEA SPORTS
NEWS FROM TURKEY
INSIGHT/OPINION
SHIPBROKER REPORTS
OFFSHORE
GUEST COLUMNIST
MARITIME RSS
Poll
Will freight markets ever return pre-crisis levels?
Yes, in 2014
Yes, in 2015
Yes, after 2015
No, never!
Who knows?
Get Adobe Flash player


 
WORLD SHIPPING

United Maritime Group Sells US United Bulk Terminal
United Maritime Group Sells US United Bulk Terminal


United Maritime Group, LLC (“UMG”), today announced that it has entered into a definitive agreement to sell U.S. United Bulk Terminal, LLC (“UBT”), a wholly owned subsidiary of UMG, to Bulk Handling USA, Inc., an affiliate of Oiltanking Holding Americas, IncFriday, 11.May.2012, 22:33 (GMT)

United Maritime Group, LLC (“UMG”), today announced that it has entered into a definitive agreement to sell U.S. United Bulk Terminal, LLC (“UBT”), a wholly owned subsidiary of UMG, to Bulk Handling USA, Inc., an affiliate of Oiltanking Holding Americas, Inc.

Located in Davant, La., UBT is the largest dry bulk terminal on the Lower Mississippi River, with over 11 million tons of annual throughput capacity, providing storage, blending and transfer services to major producers of coal and petcoke products for the domestic and export markets.

“In the four years since acquiring UBT, we have developed the business into a leading independent provider of terminal and transfer services to the domestic and export markets for coal and petroleum coke. Our UBT team members have maintained a continued focus on safety and customer service while delivering impressive operating and financial performance. Oiltanking is a leading provider of terminal and storage services for liquid petroleum and chemical products globally and is an excellent successor to continue to grow and enhance UBT’s position in the market,” said UMG Chairman and Chief Executive Officer Steven Green.

The transaction is expected to close in the second quarter of 2012, subject to receipt of applicable regulatory approvals and satisfaction or waiver of other customary closing conditions.

Based in Tampa, UMG has subsidiaries that operate in the dry bulk transportation and logistics industry, including U.S. United Ocean Services, LLC (“UOS”), the largest Jones Act coastwise shipping company by deadweight tonnage, and U.S. United Barge Lines, LLC (“UBL”), an inland hopper barge and boat fleet. On April 19, 2012, UMG announced that it entered into a definitive agreement to sell UBL to Ingram Barge Company of Nashville, Tenn., subject to receipt of applicable regulatory approvals and satisfaction or waiver of other customary closing conditions.


Read: 3234 Times- United Maritime Group, -


Rating (Votes: 0)
Add your comment(Existing: 0)  Tell friend  Print

COMMENTS ( 0 Existing)

Related Articles:







Events
August 2014
Su Mo Tu We Th Fr Sa
          1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31            
 

COLUMNISTS
MOST READ TODAY
"CMA CGM Attila" struck berth in Vancouver- 581
First Carbon Fiber Main Propeller Installed On a Merchant Ship- 319
Small ships will not be pushed out by the larger ones in Americas- 255
Shipowners and operators use outdated forms when reporting marine casualties- 243
Tanker with Kurdish Crude Dissappears from Radar- 237
Chinese Shipping Operators Missing Out on Global Trade Rebound- 236
Northwestern Passage to Open by Early September- 188
Western Australia Selling Terminals to Cut Debts- 183
Piraeus Port posts flat profit of US$4.3 million as revenues decline 3.3pc- 178
Maersk receives 11th 18,270-TEU ship to join Asia-Europe trade- 176

E-MAGAZINE
SeaNews June
October Issue
SeaNews June
September Issue
SeaNews June
July/August Issue
SeaNews June
June Issue
SeaNews June
May Issue

News in Pictures


Model Alexandra Fotopoulou holding the 9th issue of seanews magazine at the Posidonia Shipping Fair


Hot News
Container Shipping In for a Treat
VIDEO: Sofrana Surville’s round trip
Volumes up, Profit down at CMA CGM
Sovcomflot Navigates Back to Black
Matson is named top ocean carrier in Quest for Quality awards

 
Archive Search