Saltchuk announces acquisition of Tropical Shipping

A subsidiary of Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding purchase & sale agreement to acquire Tropical Shipping and its related companies, Saltchuk

The acquisition includes the premier shipping and logistics company for the Bahamas and Caribbean, Tropical Shipping and all of its related transportation, consolidation and cargo insurance companies. As an international foreign flagged shipping and logistics operation, Tropical and its related companies will become Saltchuk’s sixth line of business.  Tropical will continue to operate as a standalone operation.

The addition of Tropical Shipping to the Saltchuk family of companies furthers the company’s commitment to the Caribbean market. For fifteen years Saltchuk has been serving the people of Puerto Rico through Sea Star Line, its U.S. flag operation.  Tropical’s foreign flag fleet provides service to the balance of the region.

With the addition of Tropical, Saltchuk will employ 7,500 people nationwide. The company was recently named one of the 2014 World’s Most Ethical Companies by the Ethisphere Institute.

Saltchuk was founded in 1982 and has become a leading transportation and pertroleum distribution group of companies in North America. Now the company is majority owned by three daughters of Saltchuk's co-founder Mike Garvey. The Group through its workforce of over 6,000 employees provides transportation services in the continental U.S., Alaska, Hawaii and Puerto Rico and conducts international operations on behalf of U.S. customers.