Barge Capital signs exclusive oil tank barge agreement with L&R Midland
Barge Capital has entered into an exclusive brokerage and
placement partnership with Houston-based L&R Midland
both market Barge
Capital’s oil tank barge assets and assist with lease negotiations for its
inland tank barge fleet.
“L&R’s presence within the inland industry made for a
great strategic partnership for our company and for our future expansion plans.
This alliance with one of the top brokerage firms furthers our objective of
growing our inland tank barge leasing operation,” says Austin Sperry, Barge
Capital’s president, in a company press release.
L&R Midland, founded in 1960, is an integrated marine
services company offering professional brokerage services for American flag
ships, inland barges and offshore vessels for chartering and for sale and
Barge Capital, headquartered in Dallas, is an asset
management company, specializing in the maritime transportation sector.
“We understand the constraints existing companies face in
this time of rising steel prices and high demand for tank barges in shipyards,”
Sperry says. “We are excited to employ our capital in the U.S. labor markets at
shipyards and to provide inland tank barge operators a new source for