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 purchase.
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 equipment.”