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
March Coast Guard deadline represents milestone for AIS use in U.S. waters From increasing situational awareness and enhancing the safety and security of maritime transportation, to its use in accident investigation, search and rescue, Aids to Navigation and asset monitoring
Officials from POSCO, the Ports of Indiana and community leaders gathered to break ground today on POSCO's new wire rod processing center at the Port of Indiana-Jeffersonville. POSCO is a multinational company headquartered in Pohang, South Korea
The Port of London Authority (PLA) has invested £250,000 to upgrade its ship’s bridge simulator, adding a full tug bridge simulator in a move that is set to enable a boost in port trade and helps terminals verify their expansion plans.
The U.S. Coast Guard and partner agencies are responding Tuesday to an oil sheen in the Schuylkill River. The Coast Guard received a report of a sheen on the river between Market Street and South Street in Philadelphia Monday, but crews were not able to locate its origin.
The U.S. Coast Guard siad it is continuing its response to an allision resulting in a barge breakaway on the Mississippi River near Thebes, Ill., Wednesday. An Incident Command Post has been established at Marine Safety Unit Paducah. Lt. Cmdr. Heather Stratton is the Incident Commander.
1823 - The barges USS Mosquito, USS Gallinipper, and sloop-of-war Peacock chase the pirate schooner, Pilot, which is driven ashore off Havana, Cuba. 1848 - The first U.S. flag is flown over the Sea of Galilee when Lt. William F. Lynch sails in an iron boat up the Jordan River
U.S. Transportation Secretary Anthony Foxx has designated three new Marine Highway Projects. The Mississippi River, previously designated as the M-55, will serve as the primary route for the Baton Rouge-New Orleans Shuttle project. Sponsored by the Port of New Orleans in partnership with
Crew members of two distressed vessels safe as CGS Iloilo swiftly renders assistance The Philippine Coast Guard was called upon to provide assistance to two maritime incidents in Iloilo City Saturday, April 9 which resulted to the safe disposition of the vessels and crews.
Today, during a ceremony in Detroit, Secretary of the Navy Ray Mabus announced that the next Arleigh Burke class destroyer, DDG 120, will be named Carl M. Levin in honor of the longest serving senator in Michigan history. During his 36 years in the Senate
River line Avalon Waterways has christened its newest Suite Ship class of river cruise vessels, the 166-passenger Avalon Passion, one week after the company launched another new Suite Ship, the 128-passenger Avalon Imagery II.
The Waterways Council, Inc. (WCI) praised the bipartisan leadership of Senate Appropriations Committee Chairman Thad Cochran (R-MS) and Vice Chairwoman Barbara Mikulski (D-MD), and Senate Energy & Water Development (E&WD) Appropriations Subcommittee Chairman Lamar Alexander (R-TN) and
The U.S. Coast Guard continues to respond to an allision which occurred April 6 and resulted in a multiple-barge breakaway and two sunken barges on the Mississippi River near Thebes, Ill. The Army Corps of Engineers completed a survey of the navigational channel and reports the channel is
1848 - U.S. Navy expedition to explore the Dead Sea and the River Jordan, commanded by Lt. William F. Lynch, reaches the Dead Sea. 1906 - U.S. Navy assists in relief operations during the San Francisco earthquake and fire. Sailors and Marines fight fires and ships carry the homeless and
JonRie Marine Winches has introduced its new Container Master Series of winches, featured on the new Crescent 92-foot ASD Mardi Gras. The new winch was designed with increased braking capability and rope capacity to handle the 8,000 TEU containerships calling on the Port of New Orleans
1861 - Sloop-of-War Saratoga, commanded by Alfred Taylor, captures Nightingale, a clipper slaver, at the mouth of the Congo River at Cabinda, Angola, with 961 slaves on board. 1898 - President William McKinley orders the Navy to begin a blockade of Cuba and Spain