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Marine Propulsion & Auxiliary Machinery

Marine Propulsion & Auxiliary Machinery

Acquisition expands inland transportation and marine bunkering

Mon 07 Jan 2019 by Martyn Wingrove

Acquisition expands inland transportation and marine bunkering
Savage crew discuss the safety of an upcoming barge towage operation

Savage Services is expanding its ship bunkering, barge and towage operations on the US Gulf coast by purchasing assets from a rival.

Its subsidiary, Savage Inland Marine, has acquired assets of Progressive Barge Line, which was one of the largest bunkering and tank barge operators in Louisiana, in the US.

This purchase included acquiring seven towboats with total power ranging 1,200-1,800 kW, plus 12 petroleum transportation barges, with a capacity range of 11,000-30,000 barrels. Savage has also bought warehouse and office facilities in New Orleans, Louisiana.

These vessels provide petroleum transportation on the Mississippi River and bunkering on the Gulf Coast. By adding the assets of Progressive Barge Line, Savage will operate a fleet of 100 liquid tank barges, 42 dry cargo barges and 48 tugboats.

Savage president and chief executive Kirk Aubry said the acquisition boosts the group’s marine and inland towage team by more than 60 people.

“We are excited to grow our inland marine business through the acquisition of Progressive’s young fleet of well-maintained inland tank barges and towboats,” he said.

Savage executive vice president and group leader Mike Ellis said adding these strategic assets and team members “expands our operations and provides another opportunity for the diversification of our integrated marine services,”

Savage has previously added barge and tugboats to its fleet through newbuildings, with one added in 2017 as the first purpose-built unit to transport liquefied anhydrous ammonia – and is the first complex liquefied ammonia transport barge built in the US in 35 years.

 

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