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
16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100 Email: firstname.lastname@example.org 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
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
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
Bulk freight shipper Rand Logistics, Inc. has taken delivery of its newest Canadian self-unloading vessel, increasing its fleet to 16 ships, including 10 Canadian flagged and six U.S. flagged vessels. According to Rand, the new vessel will have the largest carrying capacity of any
The Consortium BulRIS II led by Transas has completed the second phase of the BULRIS project, funded by the Operational Program "Transport" 2007 – 2013. The system was delivered to the Bulgarian Ports Infrastructure Company (BPI Co
The emerging technology tool is embraced by award winning West Kentucky Community & Technical College’s Inland Logistics and Marine Institute and its students. Years ago, it was not uncommon for a deckhand on a towboat with no higher education to work his way up the ladder to become a
Washington-based Tracy R. Zea advocates for Waterways Council, Inc. (WCI) goals for authorizations and appropriations which support a modern, efficient, and reliable inland waterways transportation system. Zea also works to enhance WCI’s stakeholder relationship with the U.S
The Captain of the Port, Delaware Bay, is notifying mariners that vessel traffic transiting the Delaware River and Schuylkill River, in vicinity of Philadelphia, Pennsylvania, from September 25, 2015 to September 28, 2015 will likely experience delays.
Wärtsilä introduces the latest addition to its thruster product portfolio, the Wärtsilä WST-14 steerable thruster, which represents state-of-the-art azimuthing propeller technology. It is aimed primarily at inland waterway cargo vessel applications
The Coast Guard rescued a man from the Willamette River after his sail boat capsized near the St. Johns Bridge, in Portland, Sunday night . The man was delivered to awaiting emergency medical services at the Cathedral Park boat launch were he was checked for injuries and released.
Elastec, a U.S. based manufacturer of pollution control equipment, is producing trash and debris collection boats to assist local governments in meeting Clean Water Act standards, aid in the reduction of floating pollutants in waterways and help protect aquatic ecosystems.
The unified command in Paducah continues its response to a spill in the Mississippi River at mile marker 937, Wednesday as active recovery efforts are underway to remove the submerged clarified slurry oil spilled as a result of a collision involving two towboats on September 2, 2015, the U.S
Dynagas infomred that their 155,000-cbm newbuilding Yenisei River, which was delivered in July, braved moderate to rough seas to go to the aid of the yacht Caprea which was taking in water. They picked up the four sailors after their yacht began flooding off western France.
The vital role that the River Thames plays in the economy, the movement of freight and the transport of passengers – and also in the wellbeing of the capital’s residents – has been made clear in two new reports launched by the Port of London Authority (PLA) this week during
Press release -- Vitol announced it has begun supplying physical bunker fuel to Houston and the Mississippi River. Bunker grades RMG, RMK and DMA 0.1 percent will be marketed under the V-Marine Fuels brand, on a retail (delivered) basis in Houston.
The safety zone and traffic restrictions in place from markers 936 to 938 on the Mississippi River following a towboat collision and subsequent oil spill have been lifted, according to the U.S. Coast Guard. A section of the lower Mississippi River was closed to all traffic except response
Hornblower Cruises & Events (HCE) has just named Gordon Loebl Senior Vice President, Marine Operations, according to Chairman and CEO Terry MacRae. Loebl will be responsible for supporting Hornblower Cruises & Events’ multiple home ports; overseeing facilities
A unified command team continues its response Friday to an oil spill in the Mississippi River following a collision between two towboats at mile marker 937 in Paducah Wednesday morning A barge containing clarified slurry oil suffered damage from the collision