Sabine, Valley Line on the Block

Sequa Corp. has put up for sale its Valley Line inland barge subsidiary and Sabine Towing and Transportation Co., a US flag operator of tankers and tanker barges.

Reportedly, Sabine may have been put on the market because of concerns about unlimited liability being imposed by some states on carriers in the event of an oil spill. There is said to be interest by at least a half dozen companies in Sabine, with owners hoping to form relationships with customers that could be kept in place if they order new, double skin tonnage.

This is only an excerpt of Sabine, Valley Line on the Block

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.