Contact Information: Contact Information: Ronald L. O'Kelley Chief Executive Officer U.S. Shipping Partners L.P. 1-866-467-2400
U.S. Shipping Vessels Achieve Remarkable Safety, Environmental Milestones
Receives Commendation by the American Maritime Officers
| Source: U.S. Shipping Partners
EDISON, NJ--(Marketwire - May 28, 2009) - U.S. Shipping Partners L.P. (PINKSHEETS : USSPZ )
announced today that it has received a commendation by the American
Maritime Officers for its strong safety and environmental record.
Collectively, 10 vessels in the U.S. Shipping Partners fleet have gone a
total of 44.5 years without a lost-time accident (LTA). The company and
its fleet have also been recognized with several safety achievement and
environmental awards as a result of their outstanding record.
Notably, the integrated tub barge, ITB New York has reached the remarkable
safety milestone of 10 years without an LTA. The ITB Philadelphia has
achieved 14 years of operation without an environmental incident, and
several other vessels in the fleet have similarly operated for extended
periods.
"Our track record for safety and performance have built a high level of
trust with our customers," said Joe Gehegan, Chief Operating Officer at
U.S. Shipping Partners. "Our on-going training programs for officers and
engineers exceed all regulatory requirements and the American Maritime
Officers, who man U.S. Shipping vessels in all licensed positions, are
selected through a rigorous screening process."
An LTA is defined as an accident resulting in a crew member sustaining an
injury requiring him or her to miss at least one shift, and the number of
LTAs occurring onboard a ship serve as a maritime industry standard for
measuring safety performance.
In 2008, U.S. Shipping received the 2008 William M. Benkert Silver Award
for environmental excellence. The Benkert Award is the foremost national
recognition of outstanding achievement, extending far beyond compliance
with marine environmental regulatory standards. In 2007, U.S. Shipping was
again recognized for its commitment to protecting the environment with the
Chamber of Shipping of America's Environmental Achievement Award.
U.S. Shipping has also been recognized with the Green Flag Award from the
Port of Long Beach for the company's contribution to improved air quality
through vessel operations.
About U.S. Shipping Partners L.P.
U.S. Shipping Partners L.P. is a leading provider of long-haul marine
transportation services for refined petroleum, petrochemical and commodity
chemical products in the U.S. domestic "coastwise" trade. The Company's
existing fleet consists of eleven tank vessels: four integrated tug barge
units; one product tanker; three chemical parcel tankers and three ATBs,
the first of which entered service in July 2007, the second entered service
in August 2008 and the third entered service in early December 2008. The
Company also operates one product tanker on behalf of its joint venture.
The Company has embarked on a capital construction program to build
additional ATBs and, through a joint venture, additional tank vessels that
upon completion will result in the Company having one of the most modern
versatile fleets in service. For additional information about U.S. Shipping
Partners L.P., please visit www.usslp.com.
About American Maritime Officers
American Maritime Officers (AMO) is the largest union of merchant marine
officers in the U.S. AMO officers work aboard U.S.-flagged merchant and
military sealift vessels, and AMO holds an exclusive and expanding presence
in the international energy transportation trades. For additional
information about AMO, please visit www.amo-union.org.
This press release includes "forward-looking statements" as defined by the
Securities and Exchange Commission. All statements, other than statements
of historical facts, included in this press release that address
activities, events or developments that the Company expects, believes or
anticipates will or may occur in the future are forward-looking statements.
These statements are based on certain assumptions made by the Company based
on its experience and perception of historical trends, current conditions,
expected future developments and other factors it believes are appropriate
in the circumstances. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the control
of the Company, which may cause its actual results to differ materially
from those implied or expressed by the forward-looking statements. Such
assumptions, risks and uncertainties are discussed in detail in the
Company's filings with the SEC and include, among other things, the impact
of our bankruptcy filing on our business, customers and employees, our
ability to successfully restructure our operations under the bankruptcy
code, our liquidity, future charter rates, demand in the spot market for
vessels, timely and on-budget delivery of our remaining ATB and the joint
venture tankers currently under construction and a successful resolution of
our litigation with the other owners of, and lenders to, our joint venture.