Moran Towing Corporation has acquired Bisso Towboat Co., Inc. to enhance service offerings and strengthen its position in the New Orleans maritime market.

Target Company Overview

Bisso Towboat Co., Inc., founded in 1890 and based in New Orleans, is known for its modern and well-maintained fleet of ASD tractor tugs. The company has established a strong reputation in the region for delivering reliable operations and maintaining long-term relationships with its customers. Similar to its new parent company, Moran Towing Corporation, Bisso is privately owned and operated, emphasizing the importance of employee respect and high-quality service delivery throughout its operations.

Moran Towing Corporation, founded in 1860, is headquartered in New Canaan, Connecticut. With a well-established presence along the U.S. East and Gulf Coasts, Moran provides ship assistance services in 17 ports and has been operational in New Orleans since 2006. In addition to ship assist services, Moran also manages LNG terminals and operates a fleet for transporting liquid and dry bulk cargo.

Industry Overview in the U.S.

The marine transportation industry in the United States, particularly in ports along the East and Gulf coasts, plays a crucial role in global trade and commerce. This sector not only facilitates the safe movement of goods but also support