Houston-based Kirby Corp said it bought the inland tank-barge fleet of Seacor Holdings for $88m in cash.
The deal involves of 27 inland, 30,000-barrel tank barges and 13 inland towboats, plus one 30,000-barrel tank barge and one towboat currently under construction.
Seacor, through its subsidiary SCF Waxler Marine, operates the vessels on the Mississippi river system and Gulf Intracoastal Waterway.
Kirby will also transfer to Seacor one Florida-based ship docking tugboat.
