K-Sea orders four barges
K-Sea Transportation Partners L.P. has signed a contract to build four 50,000-barrel tank barges at Jeffboat LLC, the shipbuilding division of American Commercial Lines Inc.
The East Brunswick, N.J.-based company will pay about $40 million for the barges, which will be delivered in 2009 and 2010.
The order “provides further visibility into our growth opportunities. These barges will improve the quality of our fleet and enhance our ability to provide our customers with safe, reliable service,” said Timothy J. Casey, president and chief executive officer.