American Commercial Lines Will Transport Petroleum Products by Inland Barge for SeaRiver Maritime Inc.

JEFFERSONVILLE, IN--(Marketwire - Jan 30, 2013) - American Commercial Lines (ACL) is pleased to announce that it has entered into an agreement with SeaRiver Maritime Inc., a marine affiliate of Exxon Mobil Corporation, to provide petroleum barge transportation services on the U.S. inland waterways. 

As of January 1, 2013, ACL has entered into a multi-year agreement with SeaRiver to transport liquid cargoes via its mainline service and in unit tows. 

"We look forward to partnering with SeaRiver to transport ExxonMobil cargoes on the inland waterways," Mark Knoy, President and Chief Executive Officer of ACL, stated. "This is an exciting opportunity as we continue to diversify our business mix with a focus on liquid cargoes and add the highest caliber shippers to our customer portfolio. To meet the needs of SeaRiver and all of our valued customers, we have condensed our traffic patterns for maximum efficiency, refurbished our boat fleet for improved reliability, and are adding liquid capacity with new 30,000-barrel tank barges built with the highest quality craftsmanship by our manufacturing division Jeffboat." 

Dan Jaworski, ACL's Vice President Liquids Sales, added, "ACL's team of experienced and dedicated maritime professionals is proud to provide SeaRiver with the highest level of service, as well as the significant economic and environmental benefits of inland barge transportation."

Barges are an efficient, economical, and environmentally friendly mode of transportation. One tank barge has the cargo capacity of 46 rail cars or 144 trucks, an incredible economy of scale that provides significant economic savings. Towboats also consume less fuel and emit far less pollutants than locomotives or trucks, providing clean and green transportation of liquid cargo. 

American Commercial Lines Inc. is an integrated marine transportation service company owned by Platinum Equity which operates in the United States Jones Act trades. The Company is headquartered in Jeffersonville, IN, has approximately 2,300 employees and operates a fleet of approximately 100 tow boats and 2,000 barges. The Company is the direct parent of Commercial Barge Line Company. For more information about American Commercial Lines Inc., visit www.aclines.com.