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Centerline Logistics Corporation

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uuid000caqk

Namestring
Centerline Logistics Corporation
Legal namestring
Centerline Logistics Corporation
Company typeenum
Private
Founded yearint
1987
Descriptiontext

Centerline Logistics Corporation is a Seattle-headquartered, private marine petroleum transportation operator that runs one of the largest and most technically advanced Jones Act compliant fleets in the United States, with 123 vessels and approximately 3 million barrels of liquid barge carrying capacity. The company traces its origin to 1987 as Olympic Tug & Barge, later operated as Harley Marine Services, and was rebranded Centerline Logistics around 2020; in August 2025 it was acquired by Maritime Partners LLC, a U.S. maritime-focused private equity firm.

The core fleet is built around Articulated Tugs and Barges (ATBs), double-hull bunker and terminal barges, conventional and tractor tugboats, and deck cargo barges, all U.S.-built and U.S.-flagged to comply with the Jones Act, which restricts domestic coastwise trade. The technology differentiator is the ATB architecture — tugs and barges joined by a secure pinning system — combined with the youngest average barge age in the U.S. Jones Act fleet (~12 years), which together support tanker-like safety performance in harsh weather while preserving barge economics. Centerline is RCP-certified by the American Waterways Operators, reflecting sector-specific safety and environmental compliance.

Revenue is generated through transaction-fee, charter-based B2B services across six core offerings: bunkering (vessel refueling), terminal transportation (ATB-based petroleum movement between refineries and terminals), ship assist and escort, rescue and general towing, tank storage and blending in Portland, OR, and weekly freight barge service out of Dutch Harbor, Alaska. Go-to-market is direct enterprise sales to oil majors, refiners, terminal operators, and shipping lines across the West, East, and Gulf Coasts plus Hawaii, Alaska, and Puerto Rico, supported by six regional operations offices. In 2024 the company moved 120M+ barrels of oil across 460K nautical miles, completing 11K jobs for 70+ customers; revenue figures are not publicly disclosed.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersSeattle, United States
HQ citystring
Seattle
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices6 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
marine petroleum transportation, vessel bunkering services, ship assist towing, Jones Act barge operations, tank storage logistics
Industry1 code
1Terminal Cargo Handling & Yard Operations (Receiving, Staging, Delivery)
CodeTLAHALABPrimaryYes
NAICS code1 code
  • Marine Cargo Handling48832
SIC code1 code
  • Water Transportation4400
Product category
Marine Petroleum Transportation Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model7 records
1Marine Petroleum Transportation
TypeTransaction Fee
Description

Transporting petroleum between critical refineries and terminals along US coasts using ATBs and conventional barges.

centerlinelogistics.com
2Bunkering Services
TypeTransaction Fee
Description

Refueling services for vessels from small boats to world's largest ships using double-hull barges.

centerlinelogistics.com
3Ship Assist and Escort Services
TypeTransaction Fee
Description

Tugs available 24 hours for safe ship arrival, departure, and escort services at major ports.

centerlinelogistics.com
4Terminal Transportation
TypeTransaction Fee
Description

Keeping refineries and terminals supplied through ATB fleet operations from largest ports to rural locations.

centerlinelogistics.com
5Tank Storage
TypeManaged Services
Description

Receiving, storing, and blending various specifications of marine fuels and lubricants in Portland, OR.

centerlinelogistics.com
6Freight Barge Transportation
TypeTransaction Fee
Description

Weekly barge service out of Dutch Harbor Alaska to neighboring islands.

centerlinelogistics.com
7Rescue and General Towing
TypeTransaction Fee
Description

General and rescue towing services available for maritime emergencies.

centerlinelogistics.com
Marketing channels8 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

Centerline Logistics Corporation is a premier marine petroleum transportation operator providing bunkering, terminal transportation, ship assist and escort, rescue and general towing, tank storage, and freight barge services using one of the largest Jones Act compliant fleets in the United States. The company operates 123 vessels with approximately 3 million barrels of liquid barge carrying capacity, serving oil majors, refineries, terminals, and shipping lines across the West, East, and Gulf Coasts plus Hawaii, Alaska, and Puerto Rico.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • 120M+ barrels of oil moved safely in 2024
+3 more records
Product overview1 text field

Centerline Logistics Corporation is a premier marine petroleum transportation operator offering a unified suite of services across the maritime sector. The company operates one of the largest and most diverse fleets of Jones Act compliant vessels serving the West, East, and Gulf Coasts of the United States, plus Hawaii, Alaska, and Puerto Rico. The service portfolio centers on six core offerings: Bunkering (refueling services for vessels of all sizes), Terminal Transportation (petroleum transport via ATBs), Ship Assist & Escort (port navigation assistance), Rescue & General Towing, Tank Storage (marine fuels and lubricants in Portland, OR), and Freight Barge Transportation (Alaska service). The fleet infrastructure comprises six vessel types: ATB Barges, ATB Tugboats, Bunker and Terminal Barges, Conventional Tugboats, Deck Cargo Barges, and Tractor Tugboats. Together, these 123 vessels with approximately 3 million barrels of liquid barge carrying capacity form an integrated maritime transportation network.

Product and service6 records
1Bunkering Services
CategoryMarine Bunkering Services
Description

Critical refueling (bunkering) services for vessels ranging from small boats to the world's largest ships, using a fleet of double-hull barges. Centerline is one of the largest bunkering operators across the United States, serving bunker buyers and shipping lines.

2Terminal Transportation
CategoryMarine Petroleum Transportation
Description

Petroleum transportation services using a modern fleet of Articulated Tugs and Barges (ATBs) to keep refineries and terminals supplied, extending from the United States' largest ports to rural locations.

3Ship Assist & Escort
CategoryPort Tug Services
Description

24-hour tug services for assisting and escorting various ships navigating major ports, ensuring safe arrival and departure.

4Rescue & General Towing
CategoryMarine Towing Services
Description

Vessels available to respond to general or rescue towing needs for maritime emergencies.

5Tank Storage
CategoryFuel Storage and Blending
Description

Receiving, storing, and blending various specifications of marine fuels and lubricants at the Portland, OR facility.

6Freight Barge Transportation
CategoryFreight Barge Services
Description

Weekly barge service out of Dutch Harbor, Alaska to neighboring islands.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierMinorTypeStrategic or Co-development Partner
Description

Partnership focused on Clean Power Solutions providing boost to alternative energy initiatives in maritime sector. Centerline and EBDG collaboration aims to advance sustainable power solutions for marine operations.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Kirby is the largest US tank barge operator, providing inland and coastal marine transportation of petrochemicals, black oil, and refined petroleum. It is the closest large-cap direct competitor to Centerline, with overlapping Jones Act petroleum barge services and ship-assist exposure.

TypeDirect peer
Description

Bouchard is a long-standing family-owned Jones Act petroleum barge operator with a fleet of ATBs and tugboats serving the US East and Gulf Coasts. It competes directly with Centerline in coastal petroleum transport, bunkering, and ship-assist services.

TypeDirect peer
Description

Moran is a major US harbor tug and ship-assist operator providing vessel escort, docking, and bunkering support. It directly overlaps with Centerline's 24/7 ship-assist, escort, and harbor services at major US ports.

TypeDirect peer
Description

McAllister is a family-owned US tug and barge operator providing ship-assist, escort, and coastal towing services along the East Coast. It is a direct comparable to Centerline's ship-assist and tugboat business lines.

TypeDirect peer
Description

Foss is a West Coast tug and barge operator providing ship assist, barge transportation, and harbor services. It is a direct peer to Centerline's Pacific operations including Northern California, Southern California, and Pacific Northwest.

TypeDirect peer
Description

Vane Brothers is a Mid-Atlantic petroleum transportation and bunkering company operating a fleet of tugboats and tank barges. It is a direct comparable to Centerline's East Coast petroleum transport and bunkering operations.

TypeDirect peer
Description

Phoenix Marine operates a Jones Act tank barge and tugboat fleet primarily on the US East and Gulf Coasts, transporting refined petroleum products. It is a direct peer in the Jones Act coastal petroleum barge market.

TypeDirect peer
Description

Sause Bros. is a marine services company operating tugboats, barges, and providing ship assist and harbor services on the US West Coast. It is a direct comparable to Centerline's West Coast ship-assist and barge operations.

TypeDirect peer
Description

Reinauer is a family-owned tug and barge operator along the US East Coast providing petroleum transportation and ship-assist services. It competes with Centerline in coastal petroleum barge and harbor tug markets.

TypeDirect peer
Description

Crescent Towing operates harbor tugs, ship-assist, and salvage services primarily on the US Gulf Coast. It is a direct peer to Centerline's Gulf Coast ship-assist, escort, and general/rescue towing offerings.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers18 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment3 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance1 record

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Centerline Logistics Corporation

Marine Petroleum Transportation Servicescenterlinelogistics.com

What Centerline Logistics Corporation does

Centerline Logistics Corporation is a Seattle-headquartered, private marine petroleum transportation operator that runs one of the largest and most technically advanced Jones Act compliant fleets in the United States, with 123 vessels and approximately 3 million barrels of liquid barge carrying capacity. The company traces its origin to 1987 as Olympic Tug & Barge, later operated as Harley Marine Services, and was rebranded Centerline Logistics around 2020; in August 2025 it was acquired by Maritime Partners LLC, a U.S. maritime-focused private equity firm.

The core fleet is built around Articulated Tugs and Barges (ATBs), double-hull bunker and terminal barges, conventional and tractor tugboats, and deck cargo barges, all U.S.-built and U.S.-flagged to comply with the Jones Act, which restricts domestic coastwise trade. The technology differentiator is the ATB architecture — tugs and barges joined by a secure pinning system — combined with the youngest average barge age in the U.S. Jones Act fleet (~12 years), which together support tanker-like safety performance in harsh weather while preserving barge economics. Centerline is RCP-certified by the American Waterways Operators, reflecting sector-specific safety and environmental compliance.

Revenue is generated through transaction-fee, charter-based B2B services across six core offerings: bunkering (vessel refueling), terminal transportation (ATB-based petroleum movement between refineries and terminals), ship assist and escort, rescue and general towing, tank storage and blending in Portland, OR, and weekly freight barge service out of Dutch Harbor, Alaska. Go-to-market is direct enterprise sales to oil majors, refiners, terminal operators, and shipping lines across the West, East, and Gulf Coasts plus Hawaii, Alaska, and Puerto Rico, supported by six regional operations offices. In 2024 the company moved 120M+ barrels of oil across 460K nautical miles, completing 11K jobs for 70+ customers; revenue figures are not publicly disclosed.

Centerline Logistics Corporation firmographics

Firmographics
Name
Centerline Logistics Corporation
Legal name
Centerline Logistics Corporation
Website
https://centerlinelogistics.com
Company type
Private
Founded year
1987
Operating status
Operating
Headcount range
501–1,000 employees
Ownership category
akta.pro rank

Centerline Logistics Corporation industry classification

Industry
Product category
Marine Petroleum Transportation Services
NAICS
Marine Cargo Handling (48832)
SIC
Water Transportation (4400)
akta.pro primary industry
Terminal Cargo Handling & Yard Operations (Receiving, Staging, Delivery) (TLAHALAB)

Keywords

  • Marine petroleum transportation
  • Vessel bunkering services
  • Ship assist towing
  • Jones Act barge operations
  • Tank storage logistics

Where Centerline Logistics Corporation is headquartered

Location

Headquarters

HQ city
Seattle
HQ country
United States
HQ region
North America

Offices6 records

Markets served

Centerline Logistics Corporation business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Marine Petroleum Transportation: Transporting petroleum between critical refineries and terminals along US coasts using ATBs and conventional barges.
  2. Bunkering Services: Refueling services for vessels from small boats to world's largest ships using double-hull barges.
  3. Ship Assist and Escort Services: Tugs available 24 hours for safe ship arrival, departure, and escort services at major ports.
  4. Terminal Transportation: Keeping refineries and terminals supplied through ATB fleet operations from largest ports to rural locations.
  5. Tank Storage: Receiving, storing, and blending various specifications of marine fuels and lubricants in Portland, OR.
  6. Freight Barge Transportation: Weekly barge service out of Dutch Harbor Alaska to neighboring islands.
  7. Rescue and General Towing: General and rescue towing services available for maritime emergencies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Centerline Logistics Corporation product offering

Product offering

Core offering

Centerline Logistics Corporation is a premier marine petroleum transportation operator providing bunkering, terminal transportation, ship assist and escort, rescue and general towing, tank storage, and freight barge services using one of the largest Jones Act compliant fleets in the United States. The company operates 123 vessels with approximately 3 million barrels of liquid barge carrying capacity, serving oil majors, refineries, terminals, and shipping lines across the West, East, and Gulf Coasts plus Hawaii, Alaska, and Puerto Rico.

Product overview

Centerline Logistics Corporation is a premier marine petroleum transportation operator offering a unified suite of services across the maritime sector. The company operates one of the largest and most diverse fleets of Jones Act compliant vessels serving the West, East, and Gulf Coasts of the United States, plus Hawaii, Alaska, and Puerto Rico. The service portfolio centers on six core offerings: Bunkering (refueling services for vessels of all sizes), Terminal Transportation (petroleum transport via ATBs), Ship Assist & Escort (port navigation assistance), Rescue & General Towing, Tank Storage (marine fuels and lubricants in Portland, OR), and Freight Barge Transportation (Alaska service). The fleet infrastructure comprises six vessel types: ATB Barges, ATB Tugboats, Bunker and Terminal Barges, Conventional Tugboats, Deck Cargo Barges, and Tractor Tugboats. Together, these 123 vessels with approximately 3 million barrels of liquid barge carrying capacity form an integrated maritime transportation network.

Differentiator

Problem solved

Functional benefit

Products and services

  • Bunkering Services Critical refueling (bunkering) services for vessels ranging from small boats to the world's largest ships, using a fleet of double-hull barges. Centerline is one of the largest bunkering operators across the United States, serving bunker buyers and shipping lines.
  • Terminal Transportation Petroleum transportation services using a modern fleet of Articulated Tugs and Barges (ATBs) to keep refineries and terminals supplied, extending from the United States' largest ports to rural locations.
  • Ship Assist & Escort 24-hour tug services for assisting and escorting various ships navigating major ports, ensuring safe arrival and departure.
  • Rescue & General Towing Vessels available to respond to general or rescue towing needs for maritime emergencies.
  • Tank Storage Receiving, storing, and blending various specifications of marine fuels and lubricants at the Portland, OR facility.
  • Freight Barge Transportation Weekly barge service out of Dutch Harbor, Alaska to neighboring islands.

Quantifiable outcome

  • 120M+ barrels of oil moved safely in 2024
  • +3 more outcomes

Companies that use Centerline Logistics Corporation

Customer profile

Named customers18 records

Segments3 records

Ideal customer profiles3 records

Centerline Logistics Corporation technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Centerline Logistics Corporation partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • EBDGminorStrategic or Co-development PartnerPartnership focused on Clean Power Solutions providing boost to alternative energy initiatives in maritime sector. Centerline and EBDG collaboration aims to advance sustainable power solutions for marine operations.

Scale indicators9 records

Recent moves5 records

Expansion highlights6 records

Centerline Logistics Corporation competitors and assessment

Company assessment

Direct peers

  • Kirby Corporation: Kirby is the largest US tank barge operator, providing inland and coastal marine transportation of petrochemicals, black oil, and refined petroleum. It is the closest large-cap direct competitor to Centerline, with overlapping Jones Act petroleum barge services and ship-assist exposure.
  • Bouchard Transportation: Bouchard is a long-standing family-owned Jones Act petroleum barge operator with a fleet of ATBs and tugboats serving the US East and Gulf Coasts. It competes directly with Centerline in coastal petroleum transport, bunkering, and ship-assist services.
  • Moran Towing: Moran is a major US harbor tug and ship-assist operator providing vessel escort, docking, and bunkering support. It directly overlaps with Centerline's 24/7 ship-assist, escort, and harbor services at major US ports.
  • McAllister Towing: McAllister is a family-owned US tug and barge operator providing ship-assist, escort, and coastal towing services along the East Coast. It is a direct comparable to Centerline's ship-assist and tugboat business lines.
  • Foss Maritime: Foss is a West Coast tug and barge operator providing ship assist, barge transportation, and harbor services. It is a direct peer to Centerline's Pacific operations including Northern California, Southern California, and Pacific Northwest.
  • Vane Brothers: Vane Brothers is a Mid-Atlantic petroleum transportation and bunkering company operating a fleet of tugboats and tank barges. It is a direct comparable to Centerline's East Coast petroleum transport and bunkering operations.
  • Phoenix Marine: Phoenix Marine operates a Jones Act tank barge and tugboat fleet primarily on the US East and Gulf Coasts, transporting refined petroleum products. It is a direct peer in the Jones Act coastal petroleum barge market.
  • Sause Bros. Sause Bros. is a marine services company operating tugboats, barges, and providing ship assist and harbor services on the US West Coast. It is a direct comparable to Centerline's West Coast ship-assist and barge operations.
  • Reinauer Transportation: Reinauer is a family-owned tug and barge operator along the US East Coast providing petroleum transportation and ship-assist services. It competes with Centerline in coastal petroleum barge and harbor tug markets.
  • Crescent Towing & Salvage: Crescent Towing operates harbor tugs, ship-assist, and salvage services primarily on the US Gulf Coast. It is a direct peer to Centerline's Gulf Coast ship-assist, escort, and general/rescue towing offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Centerline Logistics Corporation social profiles

Digital presence

Centerline Logistics Corporation compliance and trust

Trust signal

Compliance1 record

Centerline Logistics Corporation financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Centerline Logistics Corporation leadership team

Management profile

Number of profiles

Profiles2 records

Centerline Logistics Corporation funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Centerline Logistics Corporation M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centerline Logistics Corporation

What does Centerline Logistics Corporation do?

Centerline Logistics Corporation is a premier marine petroleum transportation operator providing bunkering, terminal transportation, ship assist and escort, rescue and general towing, tank storage, and freight barge services using one of the largest Jones Act compliant fleets in the United States. The company operates 123 vessels with approximately 3 million barrels of liquid barge carrying capacity, serving oil majors, refineries, terminals, and shipping lines across the West, East, and Gulf Coasts plus Hawaii, Alaska, and Puerto Rico.

Is Centerline Logistics Corporation a public or private company?

Centerline Logistics Corporation is a private company. It is classified as private equity controlled and is currently operating.

When was Centerline Logistics Corporation founded?

Centerline Logistics Corporation was founded in 1987. It employs 501 to 1,000 people.

Where is Centerline Logistics Corporation based?

Centerline Logistics Corporation is headquartered in Seattle, United States, in the North America region.

How does Centerline Logistics Corporation make money?

Seven revenue lines are on record. Marine Petroleum Transportation is the primary driver. The others are bunkering Services, ship Assist and Escort Services, terminal Transportation, tank Storage, freight Barge Transportation and rescue and General Towing.

Who are Centerline Logistics Corporation's main competitors?

Direct peers on record are Kirby Corporation, Bouchard Transportation, Moran Towing, McAllister Towing, Foss Maritime, Vane Brothers, Phoenix Marine, Sause Bros., Reinauer Transportation and Crescent Towing & Salvage.

Does Centerline Logistics Corporation have an API?

No public API is recorded for Centerline Logistics Corporation.

What industry is Centerline Logistics Corporation in?

Centerline Logistics Corporation's product category is Marine Petroleum Transportation Services. Its primary akta.pro industry code is TLAHALAB, Terminal Cargo Handling & Yard Operations (Receiving, Staging, Delivery). Its NAICS code is 48832 and its SIC code is 4400.

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Live signals
WorkBoatKey drivers and trends fueling the Jones Act financial marketOver the past 18 months, the U.S.-flagged vessel Jones Act market has experienced increased investment, consolidation, and acquisition activity driven by federal support, bipartisan legislative activity, and generational business turnover among family-owned operators. Major deals include Maritime Partners LLC's acquisitions of West Gulf Marine and Centerline Logistics Corp., and CSG Investments Inc.'s $450 million loan to Otto Candies LLC for vessel purchases. While industry participants express confidence in the sector's fundamentals and growth potential, they note that concrete policy measures, tax incentives, and shipbuilding capacity improvements are needed to achieve the revitalization goals the market seeks.ReedsmithReed Smith advises Maritime Partners on transformative acquisition of Centerline LogisticsMaritime Partners completed the acquisition of Centerline Logistics on August 28, 2025, to expand its operational capabilities in the Jones Act-qualified liquid petroleum barge sector. Reed Smith advised Maritime Partners on the transaction, which includes complex legal issues regarding maritime law and environmental compliance. Centerline’s management team will remain in place to ensure continuity of operations.Seatrade Maritime NewsCenterline Logistics acquired by Maritime PartnersMaritime Partners closed its acquisition of Seattle-based Centerline Logistics, an operator of tugs and tank barges on the East and West Coasts. The deal, structured with Atlas SP, adds Centerline's 123 vessels to MP's portfolio, which previously acquired J. Russell Flowers' fleet. Centerline's management team remains in place.WorkBoatMaritime Partners completes Centerline Logistics acquisitionMaritime Partners completed its acquisition of Centerline Logistics on Aug. 28, continuing its Jones Act market expansion. Financial terms were not disclosed, and Centerline's management, including CEO Matt Godden, will remain in place with a minority stake. The deal was announced in June.SubstackContinuing Consolidation of the U.S. Maritime SectorThe U.S. domestic shipping sector is undergoing significant consolidation, highlighted by Redwood Holdings acquiring Canal Barge and Maritime Partners LLC acquiring Centerline Logistics within a single week. These transactions are part of a broader trend involving major players such as SEACOR, Crowley, Saltchuk, and J.P. Morgan Asset Management merging or acquiring fleets to capitalize on renewed government interest in the industry.GcaptainProfessional Mariner ForumMaritime Partners LLC has reached a deal to acquire Centerline Logistics Corp., marking its continued expansion in the Jones Act market. The financial terms of the deal were not disclosed. This acquisition reflects Maritime Partners' aggressive growth strategy within the maritime industry.PR NewswireINVESTMENT VEHICLE MANAGED BY MARITIME PARTNERS TO ACQUIRE CENTERLINE LOGISTICSMaritime Partners' managed fund agreed to acquire Centerline Logistics from Macquarie Capital and Silverbox Capital on June 24, 2025. The deal is expected to close in Q3 2025, subject to regulatory approval. Maritime Partners aims to unlock value and diversify its portfolio.