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
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
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
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
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
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
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
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
As new emission standards enter force across the commercial maritime sector, Royal Caribbean has opted to outfit 19 of its ships with scrubbers from two manufacturers. This month we visit with Harri Kulovaara, EVP, Maritime, and Kevin Douglas, VP, Technical Projects/Newbuilds, Royal Caribbean Cruises Ltd., to discuss the reasoning behind the decision. As new emission standards enter force across the commercial maritime sector
FURUNO ELECTRIC CO., LTD. announced that its new subsidiary in Hong Kong has been established and has commenced business operation on February 1, 2016. The new subsidiary, FURUNO CHINA CO., LIMITED (FCN) is FURUNO's wholly-owned subsidiary company incorporated in Hong Kong.
The last five days stuck in Elbschlick 400-meter (1,312 feet) CSCL Indian Ocean, the 19,000 teu vessel aground on the river Elbe, owned by China Shipping Group Co., is available again. After several failed attempts to budge the containership salvage teams were preparing to
On Tuesday, February 9 at around 3am, local time, the containership CSCL Indian Ocean has been able continue her voyage to the Port of Hamburg. In a joint operation, the Central Command for Maritime Emergencies, the Federal Water and Shipping Administration, salvage companies
The Mighty Mississippi River connects 31 states and 2 Canadian Provinces by a liquid superhighway that includes over 250 tributaries and features more miles of inland waterways than the rest of the world combined. As I contemplate my thoughts on the importance of this great river system
U.S. and Canadian Coast Guard icebreaking crews kick off operation Coal Shovel Friday in the waters of the southern Great Lakes. Operation Coal Shovel encompasses domestic icebreaking operations in southern Lake Huron, Lake St. Clair, the St
Taicang Container Lines Co. Ltd has rolled out the first direct container shipping line linking China's Yangtze River basin and Southeast Asia, reports Xinhua. The container ship departs once a week from and arrives at Taicang Port in east China's Jiangsu Province
With the order of the Bonny River at Royal IHC, the Belgian dredging, environmental and marine engineering group DEME is investing in a new generation of trailing suction hopper dredgers which will be trendsetting in coastal protection and dredging hard soils
Propulsion evolves, improves and powers forward in the inland markets. And, Z-Drive propulsion is the future. In a white paper released late in 2014 by The Shearer Group, Ed Shearer and Greg Beers outlined The Next Generation of inland vessels
Logistics firm Hidrovias do Brasil plans to start exporting grains from a new terminal with up to 6.5 million tonnes annual capacity in the Brazilian Amazon in July, serving international grain merchants, CEO Bruno Serapião said.
The U.S. Coast Guard is responding to a report of a grounded towing vessel and 35 barge breakaway near Caruthersville, Mo. On the Mississippi River. Coast Guard watchstanders were notified that the towing vessel Joe Bobzien had run aground and its 35 loaded dry cargo barges had broken
The newly built M/V Dan Reeves was commissioned in January of 2016 for the United States Army Corps of Engineers (USACE) Little Rock District. Built by Horizon Shipbuilding, Inc., Bayou La Batre, Ala., overseen by the USACE Marine Design
Vessels calling ports in China’s Yangtze River Delta, including Shanghai, will be required to burn low sulphur fuel while at berth from April 1 this year. China’s Ministry of Transport announced in December last year plans to set up three ECAs: the Pearl River Delta
The Nigerian Navy has foiled an attempt by suspected pirates to hijack and abduct 25 foreign nationals aboard a container ship operated by A.P. Moeller-Maersk A/S carrying general cargo to Nigeria with 25 sailors on board, say local media.
The Unified Command is scheduled to conduct a dye test Monday in the Potomac River and Roaches Run Waterfowl Sanctuary near Arlington, Virginia, which may discolor portions of the river. As part of the ongoing investigation on the source of the oil sheen in the Roaches Run Waterfowl Sanctuary
During the PVA Annual Convention at MariTrends 2016 held January 23-26 in Crystal City, Va., members of the Passenger Vessel Association (PVA) elected Margo Marks of Beaver Island Boat Company, Beaver Island, Mich. as PVA President for 2016.