TransMontaigne Partners (TLP -1.3%) announces a 900K-barrel expansion at the Battleground Oil...

|By:, SA News Editor

TransMontaigne Partners (TLP -1.3%) announces a 900K-barrel expansion at the Battleground Oil Specialty Terminal under construction on the Houston Ship Channel. The ~$54M expansion is supported by a long-term leased storage and handling services contract with Morgan Stanley Capital. Kinder Morgan Partners (KMP -2.8%) owns a 55% stake in the complex, with TLP holding the remainder.