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American Commercial Barge Line

bargeacbl.com

Founded Year

1915

Stage

Private Equity | Alive

Total Raised

$200M

Last Raised

$200M | 3 yrs ago

About American Commercial Barge Line

American Commercial Barge Line offers barge transportation and manufacturing.

Headquarters Location

1701 E. Market St.

Jeffersonville, Indiana, 47130,

United States

800-899-7195

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American Commercial Barge Line Patents

American Commercial Barge Line has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/1/2014

3/2/2021

Oil tankers, Typography, Technical drawing, Ship types, Engine technology

Grant

Application Date

7/1/2014

Grant Date

3/2/2021

Title

Related Topics

Oil tankers, Typography, Technical drawing, Ship types, Engine technology

Status

Grant

Latest American Commercial Barge Line News

American Commercial Barge Line (ACBL) Found Not At Fault For 2008 Mississippi River Collision And Oil Spill

Dec 8, 2021

Dec 8, 2021 12:10 PM EST American Commercial Barge Line (ACBL) Found Not At Fault For 2008 Mississippi River Collision And Oil Spill ACBL Purchases Wildlife Habitat in Louisiana As Commitment To Environmental Stewardship Author: JEFFERSONVILLE, Ind., Dec. 8, 2021 /PRNewswire/ -- Following more than 13 years of legal proceedings, American Commercial Barge Line (ACBL) has been cleared of any fault related to the 2008 M/V Mel Oliver collision and resulting oil spill on the Mississippi River. The announcement is the result of a settlement agreement reached on November 18, 2021, with the U.S. Department of Justice and the State of Louisiana regarding the case. It was determined DRD Towing was entirely at fault for the collision and resulting oil spill. DRD Towing operated and crewed the M/V Mel Oliver, which was towing the ACBL-owned DM-932 barge at the time of the collision. Even though ACBL was found not at fault, The Oil Pollution Act of 1990 (OPA 90) requires the owner/operator of a red flagged barge to cover damages left unpaid by the negligent insolvent party. "Accordingly, ACBL agreed in October 2016 to compromise the government's claim for all damages resulting from the oil spill for $20,000,000, which was fully paid in August of 2018. In addition to the settlement payment, ACBL and its insurers paid more than $75,000,000 to clean up the spill," explained John Nicoletti, outside counsel for ACBL throughout the 13-year M/V Mel Oliver proceeding. "Although the Mel Oliver collision was a disastrous event for our industry, ACBL has worked diligently and transparently from the beginning with all parties involved to mitigate the damages that occurred due to DRD's negligence," said ACBL CEO Mike Ellis. "After many years, we are pleased to see this case finally reach its conclusion." As part of ACBL's continued commitment to strengthening its environmental stewardship and helping protect the rivers on which it operates and surrounding habitats, the company recently funded the acquisition of 650 acres of property for the protection of wildlife in upper Plaquemines Parish, La. "Our commitment to the environment never wavered throughout this process and remains strong today," said Ellis. "The woodland wildlife habitat will be managed by The Woodlands Conservancy, a local nonprofit that will keep the land available for recreation and educational purposes. Most importantly, this will forever preserve the local ecosystem." "ACBL has a strong legacy of more than 105 years of safe, efficient, marine transportation service in the U.S.," added Ellis. "Every day, we move our customers' products, safely and efficiently throughout the U.S. inland waterway systems. Our commitment to the safety of our people, our customers' cargos and our environment, is the backbone of our culture." ABOUT ACBL -American Commercial Barge Line (ACBL) is one of the largest and most diversified marine transportation companies in the U.S. with a legacy of providing the nation with the most economical, safest, and greenest mode of transportation dating back to 1915. ACBL moves the grain, dry bulk and liquid commodities relied upon by consumers, businesses, and industries every day. Today, ACBL has one of the nation's newest inland river barge fleets operating along 7,200 miles of U.S. inland waterways. View original content to download multimedia: https://www.prnewswire.com/news-releases/american-commercial-barge-line-acbl-found-not-at-fault-for-2008-mississippi-river-collision-and-oil-spill-301440472.html SOURCE American Commercial Barge Line (ACBL) By

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American Commercial Barge Line Frequently Asked Questions (FAQ)

  • When was American Commercial Barge Line founded?

    American Commercial Barge Line was founded in 1915.

  • Where is American Commercial Barge Line's headquarters?

    American Commercial Barge Line's headquarters is located at 1701 E. Market St., Jeffersonville.

  • What is American Commercial Barge Line's latest funding round?

    American Commercial Barge Line's latest funding round is Private Equity.

  • How much did American Commercial Barge Line raise?

    American Commercial Barge Line raised a total of $200M.

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