U.S. Shipping Corporation

Type: Public
On the web: http://www.usslp.com
Employees: 390
Employee growth: (14.1%)

U.S. Shipping Corporation (formerly U.S. Shipping Partners L.P.) hopes smooth sailing is in its future. The company cruises coast-to-coast between US ports, delivering refined and specialty petroleum and chemical products. Its fleet of about a dozen vessels includes tug-barge units and tankers. U.S. Shipping's main customers are oil and chemical companies. BP, SeaRiver Maritime (a unit of Exxon Mobil), and Shell together account for about half of the company's sales. The company exited Chapter 11 bankruptcy protection in November 2009 after voluntarily filing earlier in the year in April. It was converted from a partnership to a corporation after emerging from bankruptcy.

Key numbers for fiscal year ending December, 2008:
Sales: $196.4M
One year growth: 11.2%
Net income: ($133.3)M

Officers:
President, CEO, and Director: Ronald L. O'Kelley
COO and Director: Joseph P. Gehegan
VP CFO: Dennis J. Fiore

Competitors:
Hornbeck Offshore
K-Sea Transportation
OSG America

abbr. United States Ship, used in the names of ships in the U.S. Navy: the USS Maine was launched in 1895.

See the Introduction, Abbreviations and Pronunciation for further details.