U.S. Shipping Partners L.P. Completes Acquisition of the M/V Houston

EDISON, N.J., Sept. 13  /PRNewswire-FirstCall/ -- U.S. Shipping Partners L.P. (the "Partnership") announced today that it has completed its recently announced acquisition of the motor vessel GUS W. DARNELL for an aggregate purchase price of $25 million. The vessel is a Jones Act coastwise double hulled product tanker, built in 1985, capable of carrying approximately 240,000 barrels.  The vessel has been renamed the M/V Houston and is being placed in drydock in Singapore for approximately 35 days.  The transaction was financed utilizing available cash and the Partnership's existing credit facilities.

  (Logo:  http://www.newscom.com/cgi-bin/prnh/20041101/USSPLOGO )

  About U.S. Shipping Partners L.P.


U.S. Shipping Partners L.P. is a leading provider of long-haul marine transportation services, principally for refined petroleum products, in the U.S. domestic "coastwise" trade.  U.S. Shipping Partners L.P. is also involved in the coastwise transportation of petrochemical and commodity chemical products.  For additional information about U.S. Shipping Partners L.P., please visit http://www.usslp.com/. 

http://www.newscom.com/cgi-bin/prnh/20041101/USSPLOGODATASOURCE: U.S. Shipping Partners L.P.



CONTACT:  Albert E. Bergeron, Chief Financial Officer of U.S. Shipping

Partners L.P., [phone]



Web site:  http://www.usslp.com/ 

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