The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor, LLP are investigating potential legal claims related to the acquisition of K-Sea Transportation Partners L.P. (“K-Sea Transportation” or “KSP”) (NYSE: KSP) by Kirby Corporation (“Kirby”). The definitive merger agreement, which was announced on March 13, 2011, involves a transaction valued at approximately $335 million. Under the proposed buyout, K-Sea Transportation common unitholders will have the right to elect to receive $8.15 in cash or $4.075 in cash plush a fixed ratio of .0734 shares of Kirby common stock for each common unit of K-Sea Transportation/KSP they hold. K-Sea Transportation preferred unitholders will receive $4.075 in cash and .0734 shares of Kirby common stock. The transaction is expected to close in the second or third quarter of 2011.

The investigation relates to the fairness of the proposed transaction to K-Sea Transportation unitholders and possible breaches of fiduciary duty and other violations of state law by K-Sea Transportation for approving this transaction. In addition, the firms seek to determine whether K-Sea Transportation obtained the best value for its unitholders, adequately considered all viable alternatives, and properly shopped the company before entering into the acquisition agreement.

If you currently own common or preferred units of K-Sea Transportation/KSP and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor, LLP is a boutique litigation firm that handles a variety of complex business litigation matters nationwide, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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