In a statement the owner of seven Jones Act chemical tankers and articulated tug barges (ATBs) said the refinancing of existing debt, which was due to mature in August of this year, gives the company the “flexibility” it needs to “respond to market conditions and demands”.
“With the refinancing behind us we look forward to pursuing market opportunities and expanding our business,” added chief executive Mike Ryan, who joined the operator in 2011 after leaving American Commercial Lines.
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