|
U.S. Shipping Partners (USSP) hopes smooth sailing is in its future. The company voluntarily filed for Chapter 11 bankruptcy protection in April 2009. During the restructuring process, USSP continues to cruise coastwise between US ports, delivering refined and specialty petroleum and chemical products. Its fleet of about a dozen vessels includes tug-barge units and tankers. USSP's main customers are oil and chemical companies. BP, SeaRiver Maritime (a unit of Exxon Mobil), and Shell together account for about half of the company's sales. An investment group led by private equity firm Sterling Investment Partners owns about 40% of USSP, plus a general partner interest that gives it control of the company.
|
| | | Contact Information | |
Address: |
399 Thornall St., 8th Fl.
Edison, NJ 08837
| | Phone: | 732-635-1500 | | Fax: | 732-635-1918 |
|
| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 196.40 M | | Revenue Growth (1 yr): | 11.20% | | Employees (2008): | 390 | | Employee Growth (1 yr): | (-14.10%) |
|
|
Key People
| | • |
President, CEO, and Director:
Ronald L. O'Kelley
| | • |
COO and Director:
Joseph P. Gehegan
| | • |
VP CFO:
Dennis J. Fiore
|
|
|
