US tug and barge owner Maritime Partners buys AMSC’s $747m Jones Act business
Oslo-listed AMSC exits Jones Act market with sale of 10 handysize tankers, leaving it with one subsea construction vessel
Maritime Partners, a US tug and barge owner has agreed to acquire ASMC’s wholly owned subsidiary American Tanker Holding Company, which owns nine Jones Act handysize product tankers and one shuttle tanker. The transaction is expected to conclude in October and will leave ASMC with one vessel