Moran Towing Acquires Bisso Towboat
Moran Towing Corporation acquired Bisso Towboat Co, as it aims to accommodate growing needs of New Orleans and the Lower Mississippi River communities.Moran was founded in 1860 and is privately owned and operated. It offers ship assist services in 17 ports along the U.S. East and Gulf Coasts and has operated in New Orleans since 2006. In addition to its ship assist business, Moran also services LNG terminals, and transports liquid and dry bulk cargo with its fleet of liquid and dry bulk barges. Bisso was founded in 1890 in New Orleans, and its headquarters remain in the area to this day.
ISS Takes Majority Stake in Leth Suez Transit
Inchcape Shipping Services has taken a major share of Leth Suez Transit Ltd AS (LETH). Under the new ownership structure, Otto Jervell, the CEO of LETH, will continue to helm the company as a part-owner.LETH, with its heritage starting in 1924 as a bunker supplier in Egypt, has grown into a globally recognized top transit agent. The company currently handles more than 200 transits per month in the Suez Canal.While the Suez Canal remains at the core of LETH, the company's expertise and solution-oriented approach have expanded to cover other vital transit locations, including the Panama Canal, the Turkish and Danish Straits, and key bunkering locations such as Singapore and Gibraltar.
