Moran Towing Corporation acquired Bisso Towboat Co., Inc, as a long-term investment in the ongoing growth of New Orleans and the lower Mississippi River region.
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.
On the other hand, Bisso was founded in 1890 in New Orleans and its headquarters remain in the area to this day.
Having a fleet of ASD tractor tugs, Bisso like Moran, is also privately owned and operated.
As Moran Towing Corporation explains, both companies have long histories of family-run ownership and longstanding partnerships with like-minded customers.
“We are thrilled to welcome Bisso to the Moran team,” said Ted Tregurtha, CEO and president of Moran Towing Corporation.
“This acquisition reflects our commitment to serve the growing needs of New Orleans and the Lower Mississippi River communities where we operate for decades to come,” he added.
