Centerline Logistics Acquires JMB Shipping

Centerline Logistics Acquires JMB Shipping

Seattle-based maritime transportation services provider Centerline Logistics has acquired maritime asset holding firm JMB Shipping from investment firm JMB Capital Partners Lending, giving Centerline ownership and control of sought-after Jones Act maritime assets such as liquid tank barges and tugs, Centerline Logistics announced Feb. 26. “JMB Shipping's assets are among the most unique and desirable in the coastal Jones Act market,” Centerline Logistics CEO Matt Godden said. “Given the growing emphasis on domestic energy security, these assets have been, and will remain, crucial additions to Centerline's fleet.” Before the acquisition, which closed Feb. 23, Centerline leased and managed the JMB…
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