K-Sea Transportation Partners L.P. Announces Increased Distribution for Fourth

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Jul 2008

K-Sea Transportation Partners L.P. yesterday announced that its distribution to unitholders for the fourth fiscal quarter ended June 30, 2008 will increase by $0.01, or 1.3%, to $0.77 per unit, or $3.08 per unit annualized. This is the thirteenth consecutive quarter of increased distributions, and the fifteenth increase since the Company's IPO in January 2004. The distribution will be payable on August 14, 2008 to unitholders of record on August 6, 2008. Earnings Conference Call The Company has scheduled a conference call for Tuesday, August 5, 2008, at 4:00 pm Eastern time, to review its fourth quarter and fiscal year 2008 results. Dial-in information for this call is (800) 299-0148 (Domestic) and (617) 801-9711 (International). The Passcode is 10114244. The conference call can also be accessed by webcast, which will be available at www.k-sea.com. Additionally, a replay of the call will be available by telephone until August 12, 2008; the dial in number for the replay is (888) 286-8010 (Domestic) and (617) 801-6888 (International). The Passcode is 27963681.
K-Sea Transportation Partners is one of the largest coastwise tank barge operators in the United States. The Company provides refined petroleum products transportation, distribution and logistics services in the U.S. domestic marine transportation market, and its common units trade on the New York Stock Exchange under the symbol KSP.

Source:  K-Sea