Seattle, WA – Centerline Logistics, a leading maritime transportation provider and vital
component of the United States’ energy and shipping supply chain, today announced the
acquisition of JMB Shipping. JMB Shipping, a maritime asset holding company, owns a fleet of
highly desirable Jones Act maritime assets, including liquid tank barges and tugboats.
Previously, Centerline leased and managed the JMB Shipping fleet. This acquisition grants
Centerline long-term ownership and operational control, integrating the vessels seamlessly into
Centerline’s growing fleet, which now boasts over three million barrels of liquid tank barge
capacity.
“JMB Shipping’s assets are among the most unique and desirable in the coastal Jones Act
market,” said Matt Godden, CEO of Centerline Logistics. “Given the growing emphasis on
domestic energy security, these assets have been, and will remain, crucial additions to
Centerline’s fleet.”
Prior to the acquisition, JMB Shipping was owned by JMB Capital Partners Lending, LLC, an
investment firm focused on special situations investments. Vikas Tandon, Chief Investment
Officer of JMB Capital Partners Lending, LLC, added, “Centerline has been a fantastic partner
during our ownership of the assets, and we are pleased that the vessels will now be under
Centerline’s full ownership and control.”
The transaction closed on February 23rd 2024 and was completed on undisclosed terms.
About Centerline Logistics
Centerline Logistics is a leading provider of marine transportation services in the United States,
with operations along the U.S. West Coast (including Alaska and Hawaii), U.S. East Coast
(including Puerto Rico) and the U.S. Gulf Coast. Services provided include the transportation and
storage of legacy petroleum products and modern alternative fuels. Centerline Logistics is
dedicated to providing excellent customer service and maintaining our obligations to employees,
shareholders, our community and the environment.
For additional questions or media inquiries, please contact Kimberly Cartagena at
kcartagena@centerlinelogistics.com or (206) 470-0290.
Centerline Logistics Announces Completed Acquisition of JMB Shipping
