K-Sea Transportation Partners (KSP) Sails the High Seas to Profit
K-Sea Transportation Partners continues to sail the right course to profits. On January 31, 2008, the company released their second quarter 2008 results, which show an increased distribution to shareholders of 2.8%. This is the eleventh consecutive quarter that the company has increased its dividend payment. K-Sea Transportation went public in January 2004. Headquartered in East Brunswick, New Jersey, they trade on the NYSE as part of the Shipping sector and have a market capitalization of $486.8M. They are the largest coastal tank barge operator, as measured by barrel-carrying capacity, in the United States. They provide their services to oil…