EXH 99.2



Contact:  Richard E. Gathright - President and Chief Operating Officer
          or Harold R. Logan, Jr. - Executive Vice President/Finance
          303-626-8200


THURSDAY, 12 NOVEMBER 1998           RELEASE AT 8:30 A.M. EASTERN TIME
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TRANSMONTAIGNE COMPLETES NEW CREDIT FACILITY

Denver - TransMontaigne Inc. ("TransMontaigne") (ASE:TMG), Denver, Colorado, has
closed a new $500 million Senior Credit Facility which was underwritten by
BankBoston N.A.  The Facility will be used to refinance existing bank debt, fund
the recently closed acquisition of Louis Dreyfus Energy Corp. and future
acquisitions, and for general corporate purposes.

TransMontaigne, operating through wholly-owned subsidiaries, provides a broad
range of seamless mid/downstream integrated logistical services to the petroleum
and chemical industry from locations of production and manufacture to
utilization.

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