Akin Gump Advises U.S. Shipping Corp in Acquisition by SEACOR Holdings Inc.
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(New York) – SEACOR Holdings Inc. announced today the completion of its acquisition of U.S. Shipping Corp (USSC), a privately owned, leading provider of long-haul marine transportation for chemical and petroleum cargoes in the U.S. coastwise trade, operating under the Jones Act. A team from Akin Gump advised USSC in the transaction, which closed today.
The strategic acquisition positions SEABULK, part of the SEACOR family of companies, as one of the largest Jones Act tanker operators, with a fleet of 15 coastwise vessels ranging in size from 150,000 to 330,000 barrels of capacity.
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The Akin Gump team advising USSC was led by corporate partner Kerry Berchem. She was joined by corporate partner Meng Ru, counsel Ross Karlik and Clare Joyce, and associates Joshua Wright and Atena Sheibani-Nejad; and employee benefits partner Rolf Zaiss.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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