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Kirby Corp to acquire 99-vessel fleet

Kirby Corporation will acquire 63 30,000-barrel inland barges, 34 inland towboats and two offshore tugboats from Cenac Marine Services in a deal worth $244m. The purchase will be financed through additional borrowings and is expected to close late in the first quarter

Cenac’s fleet moves petrochemicals, refined products and black oil on the Mississippi River, its tributaries and the Gulf Intracoastal Waterway


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