Canal Barge Company Acquires ConocoPhillips Inland Marine Operations

Canal Barge Company announced on October 11, 2007 the acquisition and operation of ConocoPhillips’ inland marine fleet based in Sulphur, Louisiana. This acquisition consisted of seven inland towboats and fourteen inland tank barges that operate primarily on the Gulf Intracoastal Waterway (GIWW). Canal Barge management was pleased to have been chosen by ConocoPhillips, as this was a significant growth opportunity for the New Orleans-based company.