Exhibit 99.1

Contact:Donald H. Anderson, President/CEO
Randall J. Larson, Executive Vice President/CFO
303-626-8200

TRANSMONTAIGNE INC. ANNOUNCES RESULTS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2005
AND SCHEDULES CONFERENCE CALL

Wednesday, November  9, 2005 Immediate Release

Denver, Colorado—TransMontaigne Inc. (NYSE:TMG) today announced its fiscal first quarter net income of $20.9 million ($.41 per share) compared with net income of $3.8 million ($.08 per share) for the comparable quarter in 2004.  The first fiscal quarter highlights include:

•Supply, distribution and marketing revenues of $3.0 billion generating $48.6 million in net operating margins compared to $24.2 million for the comparable quarter in 2004.

•Light oil margins (deficiencies) were $(7.6) million compared to $4.5 million for the comparable quarter in 2004.

•Radcliff/Economy Marine Services (“Radcliff”) acquired August 1, 2005, contributed $2.2 million of net operating margins to this segment.

•Terminal, pipelines, and tugs and barges revenues of $29.2 million generating $10.5 million in net operating margins compared to $12.1 million for the comparable quarter in 2004.

•Radcliff contributed $.4 million of net operating margins to this segment.

•Selling general and administrative expenses increased by $1.1 million compared to last year with Radcliff accounting for $.5 million of that increase.

Donald H. Anderson, Chief Executive Officer said, “Light oil margins were negatively impacted by price disparities in the product supply market caused by Hurricanes Katrina and Rita.  Our inventory valuations on a per gallon basis were significantly higher at September 30, as compared to June 30. This increase, roughly $.50 per gallon, contributed significantly to the supply, distribution and marketing operating margins.  As the refineries and pipelines returned to normal operations in early October, both the pricing disparity and the increased inventory valuations dissipated. Hurricanes Katrina, Rita and most recently Wilma disrupted many of our operating facilities throughout Alabama, Mississippi and Florida but fortunately, we are currently not aware of any significant long-term damage to any of these facilities.”

CONFERENCE CALL

TransMontaigne Inc. also announced that it has scheduled a conference call for Thursday, November 10, 2005 at 3:00 p.m. (MST) regarding the above information. Analysts, investors and other interested parties are invited to listen to management’s presentation of the Company’s results and supplemental financial information by accessing the call as follows:

(877) 777-1967

A playback of the conference call will be available from 6:30 p.m. (MST) on Thursday, November 10, 2005 until 11:59 p.m. (MST) on Thursday, November 17, 2005 by calling:

USA:  800-475-6701

International:  320-365-3844

Access Code:   802394

The following selected financial information is extracted from the Company’s Quarterly Report on Form 10-Q for the three months ended September 30, 2005, which was filed today with the Securities and Exchange Commission.

TRANSMONTAIGNE INC. AND SUBSIDIARIES

(000s, except per share data)

	Three Months Ended
	September 30, 2005			September 30, 2004
Income Statement Data
Revenues	$	2,983,361		$	2,055,724
Net operating margins:
Supply, distribution and marketing	48,619			24,156
Terminals, pipelines, and tugs and barges	10,529			12,065
Operating income	42,131			16,382
Earnings before income taxes	36,597			6,381
Net earnings	20,883			3,828
Net earnings attributable to common stockholders	19,170			2,982
Net earnings per common share—basic	$	0.41		$	0.08
Cash Flow Activities
Net cash provided by (used in) operating activities	$	(36,535	)	$	(3,424	)
Net cash provided by (used in) investing activities	(60,165		)	(12,390		)
Net cash provided by (used in) financing activities	72,147			22,758
	September 30, 2005			June 30, 2005
Balance Sheet Data
Working capital	$	315,373		$	319,636
Long-term debt	231,000			228,307
Non-controlling interests in TransMontaigne Partners	82,601			81,440
Series B redeemable convertible preferred stock	20,826			49,249
Common stockholders’ equity	376,410			326,484

Selected income statement data for the three months ended September 30, 2005 and 2004, is as follows:

	Three Months Ended
	September 30, 2005			September 30, 2004
Terminals, pipelines, tugs and barges:
TransMontaigne Partners L.P. facilities	$	6,564		$	4,306
Brownsville facilities	1,397			850
Southeast facilities	3,292			5,011
River facilities	41			651
Other	(765		)	1,247
Margins	10,529			12,065
Marketing:
Light oils—marketing margins:
TransMontaigne Partners L.P. facilities	7,030			2,700
Southeast facilities	(16,714		)	993
River facilities	1,024			759
Other	1,080			36
Light oil margins	(7,580		)	4,488
Heavy oils—marketing margins	3,460			2,570
Supply chain management services margins	1,180			3,040
Margins	(2,940		)	10,098
Total margins	7,589			22,163
Selling, general and administrative expenses	(11,554		)	(10,433		)
Total margins less S, G & A expenses	(3,965		)	11,730
Inventory procurement and management:
Increase in value of light oil volumes nominated under the MSCG product supply agreement prior to receipt of the product at our terminals	79,084			—
Increase in value of base operating inventory	46,424			39,956
Losses from risk management of base operating inventory and light oil volumes nominated under the MSCG product supply agreement	(28,755		)	—
Storage fees for light oil tank capacity	(457		)	(2,245		)
Other financial and costing variances, net	(28,654		)	(2,204		)
Trading activities, net	—			(1,003		)
Inventory procurement and management	67,642			34,504
Inventory adjustments:
Gains recognized on beginning inventories—discretionary volumes	2,369			3,712
Gains deferred on ending inventories—discretionary volumes	(18,452		)	(24,158		)
Inventory adjustments	(16,083		)	(20,446		)
Depreciation and amortization	(6,581		)	(5,807		)
Gain (loss) on disposition of assets, net	1,118			(3,599		)
Operating income	$	42,131		$	16,382

Selected income statement data for each of the quarters in the year ended June 30, 2005, is summarized below (in thousands):

	Three Months Ended												Year
	September 30, 2004			December 31, 2004			March 31, 2005			June 30, 2005			Ended June 30, 2005
Terminals, pipelines, tugs and barges:
TransMontaigne Partners L.P. facilities	$	4,306		$	4,313		$	5,655		$	5,977		$	20,251
Brownsville facilities	850			1,204			1,230			1,249			4,533
Southeast facilities	5,011			5,798			5,442			4,254			20,505
River facilities	651			302			1,145			747			2,845
Other	1,247			451			335			(184		)	1,849
Margins	12,065			12,068			13,807			12,043			49,983
Marketing:
Light oils—marketing margins:
TransMontaigne Partners L.P. facilities	2,700			4,246			1,666			1,322			9,934
Southeast facilities	993			7,603			2,744			2,849			14,189
River facilities	759			759			525			791			2,834
Other	36			136			60			79			311
Light oil margins	4,488			12,744			4,995			5,041			27,268
Heavy oils—marketing margins	2,570			5,406			2,980			2,164			13,120
Supply chain management services margins	3,040			3,608			6,067			783			13,498
Margins	10,098			21,758			14,042			7,988			53,886
Total margins	22,163			33,826			27,849			20,031			103,869
Selling, general and administrative expenses	(10,433		)	(11,802		)	(9,885		)	(10,729		)	(42,849		)
Total margins less S, G & A expenses	11,730			22,024			17,964			9,302			61,020
Inventory procurement and management:
Gains (losses) from risk management of light oil volumes to be liquidated upon commencement of MSCG product supply agreement	—			9,618			(181		)	—			9,437
Change in value of light oil volumes nominated under the MSCG product supply agreement prior to the receipt of product at our terminals	—			—			36,632			(9,497		)	27,135
Change in value of base operating inventory	39,956			(36,847		)	39,871			(4,408		)	38,572
Gains (losses) from risk management of base operating inventory and light oil volumes nominated under the MSCG product supply agreement	—			—			—			5,154			5,154
Storage fees for light oil tank capacity	(2,245		)	(2,200		)	(857		)	(395		)	(5,697		)
Other financial and costing variances, net	(2,204		)	12,232			6,286			(4,241		)	12,073
Trading activities, net	(1,003		)	1,031			—			—			28
Inventory procurement and management	34,504			(16,166		)	81,751			(13,387		)	86,702
Inventory adjustments:
Gains recognized on beginning inventories—discretionary volumes	3,712			24,158			10,210			21,530			3,712
Gains deferred on ending inventories—discretionary volumes	(24,158		)	(10,210		)	(21,530		)	(2,369		)	(2,369		)
Inventory adjustments	(20,446		)	13,948			(11,320		)	19,161			1,343
Depreciation and amortization	(5,807		)	(5,727		)	(6,274		)	(6,407		)	(24,215		)
Gain (loss) on disposition of assets, net	(3,599		)	—			2,993			735			129
Operating income	$	16,382		$	14,079		$	85,114		$	9,404		$	124,979

Selected income statement data for each of the quarters in the year ended June 30, 2004, is summarized below (in thousands):

	Three Months Ended												Year
	September 30, 2003			December 31, 2003			March 31, 2004			June 30, 2004			Ended June 30, 2004
Terminals, pipelines, tugs and barges:
TransMontaigne Partners L.P. facilities	$	4,875		$	4,941		$	4,923		$	4,885		$	19,624
Brownsville facilities	617			798			861			1,067			3,343
Southeast facilities	4,971			4,805			4,722			3,848			18,346
River facilities	1,396			965			605			585			3,551
Other	1,178			2,160			476			429			4,243
Margins	13,037			13,669			11,587			10,814			49,107
Marketing:
Light oils—marketing margins:
TransMontaigne Partners L.P. facilities	$	803		$	958		$	3,548		$	5,137		$	10,446
Southeast facilities	(861		)	2,670			4,128			3,100			9,037
River facilities	1,237			828			1,078			2,025			5,168
Other	902			1,234			2,037			1,656			5,829
Light oil margins	2,081			5,690			10,791			11,918			30,480
Heavy oils—marketing margins	1,440			3,424			5,416			3,376			13,656
Supply chain management services margins	2,351			4,070			2,783			(580		)	8,624
Margins	5,872			13,184			18,990			14,714			52,760
Total margins	18,909			26,853			30,577			25,528			101,867
Selling, general and administrative expenses	(9,525		)	(10,157		)	(10,452		)	(7,398		)	(37,532		)
Total margins less S, G & A expenses	9,384			16,696			20,125			18,130			64,335
Inventory procurement and management:
Change in value of base operating inventory	(3,994		)	12,573			18,723			3,303			30,605
Storage fees for light oil tank capacity	(2,522		)	(2,495		)	(2,385		)	(2,309		)	(9,711		)
Other financial and costing variances, net	6,133			5,135			(2,067		)	(15,694		)	(6,493		)
Trading activities, net	2,131			457			(2,582		)	(829		)	(823		)
Inventory procurement and management	1,748			15,670			11,689			(15,529		)	13,578
Inventory adjustments:
Gains recognized on beginning inventories—discretionary volumes	10,176			5,242			24,984			12,911			10,176
Gains deferred on ending inventories—discretionary volumes	(5,242		)	(24,984		)	(12,911		)	(3,712		)	(3,712		)
Inventory adjustments	4,934			(19,742		)	12,073			9,199			6,464
Depreciation and amortization	(5,537		)	(5,932		)	(5,738		)	(5,808		)	(23,015		)
Lower of cost or market write-downs on product linefill and tank bottom volumes	(32		)	(17		)	(11		)	—			(60		)
Gain (loss) on disposition of assets, net	—			(805		)	—			(173		)	(978		)
Operating income	$	10,497		$	5,870		$	38,138		$	5,819		$	60,324

Our light oil marketing volumes in average barrels per day for each of the quarters in the years ended June 30, 2006, 2005 and 2004 are as follows:

	Three Months Ended				Year
	September 30, 2005	December 31, 2005	March 31, 2006	June 30, 2006	Ended June 30, 2006
Light oils—marketing volumes:
TransMontaigne Partners’ facilities	75,962	—	—	—	75,962
Southeast facilities	137,586	—	—	—	137,586
River facilities	10,592	—	—	—	10,592
Other	24,688	—	—	—	24,688
	248,828	—	—	—	248,828

	Three Months Ended				Year
	September 30, 2004	December 31, 2004	March 31, 2005	June 30, 2005	Ended June 30, 2005
Light oils—marketing volumes:
TransMontaigne Partners’ facilities	63,256	59,565	68,725	72,297	65,961
Southeast facilities	142,928	131,418	143,751	146,395	141,123
River facilities	9,800	9,800	7,091	11,816	9,627
Other	38,104	21,875	19,901	17,369	24,312
	254,088	222,658	239,468	247,877	241,023

	Three Months Ended				Year
	September 30, 2003	December 31, 2003	March 31, 2004	June 30, 2004	Ended June 30, 2004
Light oils—marketing volumes:
TransMontaigne Partners’ facilities	62,392	65,456	70,108	71,117	67,268
Southeast facilities	161,070	157,366	164,297	160,209	160,736
River facilities	22,498	16,372	16,072	20,469	18,853
Other	54,459	44,750	50,367	46,748	49,081
	300,419	283,944	300,844	298,543	295,938

Our light oil marketing margins in points ($0.0001) per gallon for each of the quarters in the years ended June 30, 2006, 2005 and 2004 are as follows:

	Three Months Ended					Year
	September 30, 2005		December 31, 2005	March 31, 2006	June 30, 2006	Ended June 30, 2006
Light oils—marketing margins:
TransMontaigne Partners’ facilities	240		—	—	—	240
Southeast facilities	(314	)	—	—	—	(314	)
River facilities	250		—	—	—	250
Other	113		—	—	—	113
All facilities—weighted average	(79	)	—	—	—	(79	)

	Three Months Ended				Year
	September 30, 2004	December 31, 2004	March 31, 2005	June 30, 2005	Ended June 30, 2005
Light oils—marketing margins:
TransMontaigne Partners’ facilities	110	184	64	48	98
Southeast facilities	18	150	51	51	66
River facilities	200	200	196	175	192
Other	2	16	8	12	8
All facilities—weighted average	46	148	55	53	74

	Three Months Ended					Year
	September 30, 2003		December 31, 2003	March 31, 2004	June 30, 2004	Ended June 30, 2004
Light oils—marketing margins:
TransMontaigne Partners’ facilities	33		38	132	189	101
Southeast facilities	(14	)	44	66	51	37
River facilities	142		131	176	259	178
Other	43		71	106	93	77
All facilities—weighted average	18		52	95	104	67

TransMontaigne Inc. is a refined petroleum products marketing and distribution company based in Denver, Colorado with operations in the United States, primarily in the Gulf Coast, Florida, East Coast and Midwest regions.  The Company’s principal activities consist of (i) terminal, pipeline, tug and barge operations, (ii) marketing and distribution, (iii) supply chain management services and (iv) managing the activities of TransMontaigne Partners L.P.  The Company’s customers include refiners, wholesalers, distributors, marketers, and industrial and commercial end-users of refined petroleum products.  Corporate news and additional information about TransMontaigne Inc. is available on the Company’s web site: www.transmontaigne.com

Forward-Looking Statements

This press release includes statements that may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward- looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.

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