International Shipholding to buy United Ocean Services

Thursday, October 11, 2012

International Shipholding Corp. (ISH) said it has agreed to acquire U.S. United Ocean Services, a subsidiary of United Maritime Group, for about $111 million cash. Founded in 1959, UOS provides marine transportation services for dry bulk and break-bulk commodities in the United States. UOS operates the largest U.S.-flag Jones Act dry bulk fleet today (131,000 deadweight tons), which consists of two handy-size bulkers and four tug/barge units. The fleet operates u...

You have requested access to content only available to Registered Users of American Shipper. You can become a registered user for FREE. You will not have access to premium content.

Your registration to American Shipper is FREE and will provide you access to much of the content on the American Shipper Web site. You will not have access to Premium Content.

SUBSCRIBE NOW
Access to premium content, original reporting, research, and feature stories require a paid subscription. Subscriptions to American Shipper costs $120 a year. Your subscription includes unlimited access to content on the American Shipper Website, early access to the digital edition of the monthly magazine, and the daily AS+ premium newsletter published each morning.