NEWS BITTS – Canal barge buys ConocoPhillips’ fleet

New Orleans-based Canal Barge Company Inc. recently acquired and is now operating the ConocoPhillips inland marine fleet based in Sulphur, La. Terms were not disclosed. The acquisition included seven inland towboats and 14 inland tank barges that operate primarily on the Gulf Intracoastal Waterway. Canal Barge also extended employment offers to ConocoPhillips personnel assigned to the vessels. The seven inland towboats range from 1,500 hp to 2,000 hp, and the barges are all double-skinned inland tank barges with capacities ranging from 16,000 bbls. to 30,000 bbls.

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