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AGGREGATE MATERIALS

Ingram to sell its Materials Unit

Ingram Industries Inc. of Nashville, Tennessee, and Pine Bluff Sand and Gravel Co. of Pine Bluff, Arkansas, announced today they have entered into an agreement for Ingram to sell its Ingram Materials LLC subsidiary to Pine Bluff. Ingram Materials is one of the nation’s premier producers of fine aggregate used by the construction industry for concrete, asphalt and masonry projects in Middle Tennessee, Western Kentucky and Northern Alabama. Ingram Materials operates three sand dredges on the Ohio River in Paducah, Kentucky, and has distribution facilities in Nashville, Clarksville and New Johnsonville, Tennessee; Paducah, Kentucky; and Decatur and Florence, Alabama. The Ingram Materials business was first established in 1927 by other owners who called it the Ohio River Sand Company. A successor to this business, called the Cumberland River Sand and Gravel Company, was purchased by the Ingram family in 1962 and renamed Ingram Materials. At that time, the business included a large sand yard facility on the east bank of the Cumberland River, visible from downtown Nashville. Ingram Materials relocated its operations to its current Nashville location at Visco Drive in 1997 – to make room for Nashville’s then-new NFL stadium built for the Tennessee Titans. Orrin Ingram, President and CEO of Ingram Industries Inc


Port of Redwood City Reports Tonnage Boost

Image: Port of Redwood City

Coming off of a strong second quarter for cargo tonnage, the Port of Redwood City's tonnage for all commodities in the first half of fiscal year 2013/2014 reached 829,681 metric tons, an increase of 24 percent over the same period last year. Imported sand and aggregates from British Columbia accounted for 642,480 MT, more than 77% of the tonnage for the first half of the fiscal year. This was nearly a 45% increase in the amount from the same period last fiscal year.


TBS International Limited Takes Delivery of Vessel

TBS International Limited has taken delivery of the M.V. Kibishio Maru, which it had previously agreed to acquire, thereby expanding its controlled fleet to 32 vessels. The M.V. Kibishio Maru, renamed the M.V. Aztec Maiden, is a 19,777 dwt multipurpose tweendecker that was built in 1984. TBS agreed on December 29, 2005 to acquire the M.V. Kibishio Maru for $8.1 million. It was delivered in Ho Chi Minh City, Vietnam on May 2, 2006. The acquisition of the M.V


G E Shipping to Buy a Suezmax Crude Carrier

The Great Eastern Shipping Company Limited (G E Shipping) has signed a contract to buy a 1,47,092 dwt, modern (double hull) Suezmax crude tanker. The 2000 built ship is expected to join the Company's fleet during the second quarter of FY 2007-08. The decision to induct the said vessel is with the objective of modernizing the tanker tonnage and to enhance the Suezmax fleet. The company's current fleet of 46 ships with an average age of 12.2 years aggregating 3


GE Shipping to Buy Bulk Carrier

Great Eastern Shipping Company sai has contracted to buy a modern Supramax dry bulk carrier. The 2001 built ship, of about 52,179 dwt. is expected to join the company's fleet during Q3 FY 2007-08. The rationale behind the purchase of this ship is to consolidate on the dry bulk segment and to participate in the increasing opportunities arising out of strong global commodity demand. The company's current fleet of 46 ships with an average age of 12.2 years aggregates to 3.22 mn dwt


Ultrapetrol Close Sale of US$25-million Notes Issue

Ultrapetrol (Bahamas) Limited an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), announced today the closing of its previously announced sale of $25 million in aggregate principal amount of its 8.875% First Preferred Ship Mortgage Notes due 2021 (the "Add-On Notes"), which were offered as an add-on to its outstanding $200 million aggregate principal amount of 8


GulfMark To Redeem 8.75% Senior Notes Due 2008

GulfMark Offshore, Inc. called for redemption all of its $130,000,000 aggregate principal amount of 8.75% Senior Notes due 2008 that remain outstanding on the redemption date,August 23, 2004. The redemption price is 102.917% of the principal amount of the Notes, or $1,029.17 per $1,000 principal amount of Notes, plus interest accrued and unpaid to the redemption date. On July 2, 2004 the Company commenced a tender offer and consent


Intelsat Announces Proposed Offering of Senior Notes

Intelsat S.A. announced that its subsidiary, Intelsat (Luxembourg) S.A. intends to offer $1,500,000,000 aggregate principal amount of senior notes due 2021.   Intelsat Luxembourg's obligations under the notes will be guaranteed by Intelsat S.A. The net proceeds from the sale of the notes are expected to be used by Intelsat Luxembourg to redeem $915,000,000 aggregate principal amount of its outstanding 11½/12½% Senior PIK Election Notes due 2017 (the "2017 PIK


Ultrapetrol to Refinance, Sells 7 Barges

In related recent announcements Ultrapetrol (Bahamas) says it intends to offer secured Notes, & has completed the sale of 7 barges. Ultrapetrol (Bahamas) an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business), announced today its intention to offer to sell, subject to market and other conditions, $200.0 million aggregate principal amount of its senior secured notes due 2021.


Adani Ports Q2 Net jumps 68%

Adani Port

  Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced financial results for the quarter and half year ended September 30, 2014. The company reported a 67.7 per cent rise in consolidated net profit at $ 95.6 million for quarter ended September 30, helped by strong cargo growth volume. The company’s net profit in the corresponding period of the last fiscal stood at $ 56.97 million, APSEZ said in a filing to the BSE.


Russia – Turkey Gas Pipeline Approved

Turkey

  Ankara hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources. The parties discussed the main issues of constructing a new gas pipeline across the Black Sea towards Turkey.


NewLead Holdings Acquire 5 Vessels

Logo

  NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less than a year while performing on its strategy to capitalize on opportunities that arise in the market.


Port of Redwood City Sees Cargo Increase

Photo courtesy of the Port of Redwood City

The Port of Redwood City experienced a five percent increase in cargo movement across its docks for the first half of fiscal year 2014/2015 that ended December 31, 2015.   Imported sand and aggregates accounted for 691,276 metric tons (MT)


New Berthing System for Mooring Cargo Ships

Photo: Bellingham Marine

Eagle Rock Aggregates, U.S. subsidiary of Polaris Materials Corporation, has completed a new aggregate import facility at the Port of Long Beach that features a docking structure which will be used for mooring mid-sized cargo ships.  


Canaveral Upgrades Bulk Conveyor System

The Bahamas Spirit discharges limestone at South Cargo Pier 4 at Port Canaveral. (Photo courtesy of the Port of Canaveral)

The new $1.5 million bulk conveyor system at Port Canaveral was utilized for the first time by Martin Marietta when the Bahamas Spirit discharged limestone at South Cargo Pier 4.   The Canaveral Port Authority invested in the system with Martin Marietta to enhance terminal operational


Lindenau’s Concept: Waste Recycling Ships

Lindenau Project:  The Waste-Recycling-Ship-Concept for the Maldives.

Millions of tons of waste reach the oceans each year, causing the sea to become the planet’s largest garbage depot, as inadequate or nonexistent waste management systems – particularly in coastal and island communities – enable massive patches of marine debris to form around the


US Navy Eyes Next LCS Contracts in Q1

Littoral combat ships USS Independence (LCS 2) and USS Coronado (LCS 4). (U.S. Navy photo by Keith DeVinney)

The U.S. Navy plans to award contracts before the end of the first quarter to Lockheed Martin Corp and Australia's Austal for its next three Littoral Combat Ships (LCS) as well as money to buy materials for a fourth, Navy officials said Thursday.  


Pakistani Ship breakers Lauds 15% Duty on Import

Courtesy: NGO Shipbreaking Platform

 Welcoming the latest policy, Ship breakers in Pakistan defended the imposition of 15% Regulatory Duty (RD) on the import of all steel billets, steel bars and wire rods.    Describing the step as much needed and timely, the Pakistan Ship-Breakers Association (PSBA) lauded the


Face-lift for Port of Windsor

Image: Great Lakes-St. Lawrence Seaway Authority

The Windsor Port is key area in the planned $7-billion worth of investments to transform Canada’s most important transportation and trade networks, the Great Lakes-St. Lawrence Seaway. Approx $60 million has been spent in Windsor to improve infrastructure the last five years. 


Entries for Journalism Award Petrobras

  There are only 20 days to the end of entries in Journalism Award Petrobras. Will cover the best national and regional articles published in newspaper / magazine, television, radio and news portal in the areas of Culture, Sports, Social Responsibility and Oil, Gas and Energy


“Jag Vidhi” Delivered to Buyers

Jag Vidhi

  The Great Eastern Shipping Company Ltd. (G E Shipping) delivered its 1990-built Very Large Gas Carrier “Jag Vidhi” (49,701 dwt) to the buyers on 21st January, 2015. The company had contracted to sell the ship in July 2014.


Konecranes Agilon Wins Quality Innovation Award

Courtesy Konecrane  Agilon

  Konecranes’ Agilon material management solution has won the Quality Innovation award in the Large companies series in The Quality Innovation Award of the Year competition, arranged by Laatukeskus Excellence Finland. Agilon brings industrial internet to material logistics and enables


Former ‘Google Barge’ Sold

Photo: Marcon International

After concluding two 3,500HP tug sales on December 30, Marcon International Inc. has started 2015 with three ocean barge sales, and hopes to report on several additional sales before the end of this month. Five 4,500-6,000HP tugs, one 5,150BHP AHTS and two 3,200 – 5


Harvey Gulf Outsources IHM to Metizoft

Photo courtesy of Metizoft

Harvey Gulf has signed a framework agreement with Metizoft on maintenance and quality assurance of the Inventory of Hazardous Materials (IHM).   Vessels with IHM documentation must be maintained at all times and reflect the actual ship sailing


NewLead Expands Fleet to 10 Vessels

NewLead Holdings Ltd. announced that it recently added five bitumen tanker vessels, expanding its fleet to 10 vessels in less than a year while performing on its strategy to capitalize on opportunities that arise in the market.   NewLead completed the acquisition of three bitumen tankers






 
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