The American Steamship Co. operates the largest fleet of U.S. flagged vessels on the Great Lakes, providing waterborne transportation of more than 27 million tons annually of dry bulk commodities such as iron ore, coal and limestone on vessels ranging in size from 634 feet to over 1,000 feet. Rand says the combination of companies will create the largest and most diverse fleet on the Great Lakes, serving different and highly complementary markets with multiple self-unloading vessel classes.
Rand is an affiliate of American Industrial Partners and provides dry bulk shipping services throughout the Great Lakes region.
“We are excited about this transformative combination of two leading vessel operators on the Great Lakes,” Rand Chief Executive Officer Peter Coxon said. “This strategic union will create significant additional shipping capacity through network efficiencies and repositioning of the respective fleets. All of which will allow the resulting company to further improve its customer service and offer additional flexibility and shipping capacity to its customer base.”