AEP RIVER OPERATIONS
American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL), owned by Platinum Equity, for approximately $550 million. AEP River Operations is a commercial inland barge company delivering about 45 million tons of products annually, including 10 million tons of coal. AEP River Operations has 56 towboats, 2,301 barges and 1,090 employees. The company is headquartered in Chesterfield, Missouri, with operations in Paducah, Kentucky, and Convent, Algiers and Belle Chasse, Louisiana. AEP announced in March that the company was exploring strategic alternatives for AEP River Operations, including a potential sale. AEP acquired the business, formerly known as MEMCO, in 2001 from Progress Energy. “AEP is focused on delivering customer and shareholder value as a regulated utility company. AEP River Operations has an incredible legacy of success, but operating a commercial barge transportation company no longer fits well with our strategy,” said Nicholas K. Akins, AEP chairman, president and chief executive officer. “ACL has been in the barge transportation business for 100 years and is one of the premier liquid and dry cargo barge lines in the country. ACL shares our commitment to safety and customer service
American Electric Power has named Keith Darling president of AEP River Operations LLC. Darling, 60, will oversee all managerial and operating activities related to AEP River Operations, including sales, planning and budgeting, accounting, business development, logistics, operations and maintenance. He replaces Mark Knoy, who left the company. "Keith's river operations experience is both broad and deep, and he has a unique understanding of how our river operations fit with our
Marine transportation service company American Commercial Lines (ACL) announced it has acquired commercial inland barge company AEP River Operations from American Electric Power (AEP). AEP River Operations is based in Chesterfield, Mo., with operations in Paducah, Ky.; and Convent, Algiers and Belle Chasse, La., and delivers approximately 45 million tons of products annually. Mark Knoy, president and CEO of Jeffersonville, Ind
16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100 Email: email@example.com Website: www.aepriverops.com President: Keith Darling The Company: Headquartered in St. Louis, Missouri, AEP River Operations is a barge company offering service in the transportation of dry bulk commodities – grain, project cargo, coal, steel, ores and other bulk products – throughout the inland river system
Answering the needs of longstanding clients, bulk transport giant AEP dips its toes into the liquid transport arena. AEP River Operations needs no introduction for most MarineNews readers. One of the true river giants operating on America’s domestic inland waters today, AEP is headquartered in St. Louis, Missouri, and is primarily known as a barge company that provides transportation of dry bulk commodities throughout the inland river system
Even if, as Marcon International’s Bob Beagle says, barges are the workhorses of the towing industry, then the pushboats that propel the 38,000 (documented and undocumented) deck, hopper, tank, crane and miscellaneous purpose barges to their destinations are the heart and soul of the most efficient – and greenest – means to move cargo known to man. This month, we take a close look at what’s developing for both types of hulls; in terms of design, markets
American Commercial Lines (ACL) has been selected to serve as a representative on the Inland Waterways Users Board (IWUB), an advisory board established to monitor the Inland Waterways Trust Fund (Fund) and make recommendations to the Army Corps of Engineers and to Congress on investment priorities using resources from the Fund. Comprised of representatives of the barge transportation industry and the customers it serves
At Waterways Council, Inc.’s (WCI) Annual Meeting and Board of Directors Meeting held October 12, 2009 in New Orleans, the following officers and Executive Committee members were elected to serve or continue service for 2009-20010: Richard R. (Rick) Calhoun, Cargo Carriers, Chairman; Cornel Martin, President & CEO; Merritt Lane, Canal Barge Line, Vice Chairman; Rodney Weinzierl, Illinois Corn Growers Association, Vice Chairman; Matt Woodruff, Kirby Corporation
On December 10, 2014, SCI launched a major initiative to transform training for America’s inland mariners at its Center for Maritime Education in Paducah, KY. The day before its 15th Annual River Bell Awards ceremony, the Seamen’s Church Institute (SCI) pushed the proverbial boat out on a new era of maritime education. In prior months, SCI had installed new simulators and renovated the hospitality areas at its Center for Maritime Education in Paducah, KY
Waterways Council, Inc. (WCI) Chairman Dan Mecklenborg announced that an executive search has begun to identify a successor for R. Barry Palmer, WCI President/CEO, who has announced his intention to retire at the end of this year. WCI’s Executive Committee has retained JDG Associates, Ltd., , to conduct the national search for a successor for Mr. Palmer. A search committee to evaluate both internal and external candidates, led by Chairman Mecklenborg
Ellicott Dredge Technologies (EDT) informed that the City of Boise, Idaho chose it to design a Mud Cat 40E Custom (MC-40EC) dredge for the city's innovative Dixie Drain Phosphorous Offset Project. Boise will use the MC-40EC dredge to remove phosphorous from the Boise Watershed.
The Port of Seattle has completed the environmental analysis of Terminal 5 and has prepared the Final Environmental Impact Statement (FEIS) on the project to modernize the cargo-handling facility in order to serve larger cargo vessels. The proposed upgrades to Terminal 5 are wharf rehabilitation
The ESPO Award 2016 will be presented to the port authority that succeeds the best in safeguarding and further upgrading the nature in the port area, both on land and at the waterside. The five projects that are shortlisted for this year’s Award are the projects of Bremen
Global Diving & Salvage, Inc. has surpassed the 10,000 dives on a single project at Olmsted Locks & Dam in Illinois. Tom Cameron, a long-time diver with Global, performed the 10,000th dive. Wade Miller, Marine Construction Manager with AECOM for the Olmsted Dam Project, said
Two local contractors in Nigeria recently took delivery of 10-inch Wolverine Class Dredges, designed and manufactured by DSC Dredge at its facility in Greenbush, Mich. As the political capital of Delta State, Asaba is a rapidly expanding city along the banks of the Niger River Delta
A ferry sank in a river in northwestern Myanmar, killing at least 32 people with scores missing, a rescue official said on Monday. About 150 people had been rescued from the Chindwin river in the Sagaing region after the ferry capsized on Saturday, said Sa Willy Frank
Clyde Training Solutions (CTS) opened central Scotland’s first dedicated marine and offshore international training centre. CTS – a newly established Clyde Group company - is now offering an extensive range of onsite accredited maritime safety courses to an international
In the wake of Hurricane Matthew, the Port of Savannah has been reopened Thursday to two-way traffic during daylight hours as response crews continue to identify, remove, replace or repair the surrounding navigational infrastructure.
The largest fast passenger ferry order for a U.K. shipyard in over 25 years has been confirmed by MBNA Thames Clippers. Two new 170 capacity passenger boats will be built at the Wight Shipyard Co on the Isle of Wight, and will join London’s growing river transport network in summer 2017.
Viking Ocean Cruises made its first ever call on a U.S. port when Viking Star docked at Cruiseport Boston. Viking Star began her voyage in Montreal, travelled the St. Lawrence River to Quebec City and Saguenay, continued on to Prince Edward Island and Halifax and, following her stop in Boston
Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels, confirmed the contracts for the design and construction of two luxury expedition cruise vessels for TUI Group’s German luxury cruise business Hapag-Lloyd Cruises.
The Ports of Indiana announced that Indiana Michigan Power has agreed to sell its recently retired Tanners Creek coal plant in Lawrenceburg, Ind., to a brownfield redevelopment company that is working with the Ports of Indiana to evaluate the site for use as the state's fourth port.
At the annual State of the Port address hosted by the Brunswick-Golden Isles Chamber of Commerce Wednesday, Georgia Ports Authority Executive Director Griff Lynch announced a 100-acre expansion of the Colonel's Island auto terminal, and welcomed Logistec's announcement of the completion of 221
Inland water transport terminals will come up in Kolkata and Patna under the public-private partnership (PPP) model with the Inland Waterways Authority of India (IWAI) having identified development and operation of Kolkata Terminal’s GR Jetty -I
Inchcape Shipping Services (ISS) is advising of a change to under keel clearance (UKC) rules on Parana River and River Plate in Argentina. From November 25, 2016, the Coast Guard has advised that an under keel clearance (UKC) will be applied for vessels which transit Parana River and River