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
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
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
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
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 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
Odfjell has entered into an agreement to sell the two sister ships M/T Bow Giovanni (11,290 dwt./built 1987) and M/T Bow Marino (11,289/1988) for an aggregate of USD 12 million. The sales price is slightly above the book value for the two ships. The two ships were acquired in connection with the merger with Seachem in 2000 are have primarily been operating in our regional trade, both in Americas and in Asia. Odfjell expects that the ships will be delivered to their new owner by the end
Repairs were completed on November 5 to the Canadian-flag bulker Algowood, damaged when it sank on June 2 at Bruce Mines, Ontario, Reuters reported. The 31,940 dwt Algowood sank in a dock at Bruce Mines while loading aggregate and was re-floated on July 8.
Tidewater, Inc. has signed agreements, (which are subject to completion of normal due diligence matters), to buy two 220 ft. UT755 type platform vessels at an aggregate purchase price of $2.4 million. The vessels are currently being built by Norwegian shipyards for scheduled deliveries in December 2000 and May 2001.
Senator Lautenberg (D-NJ) introduced the Oil Spill Prevention Act of 2008 (S. 2699) to require new vessels carrying oil fuel to have double hulls, and for other purposes. This bill, if enacted into law, would require new vessels with an aggregate capacity to 600 cubic meters or more of oil fuel to comply with MARPOL requirements relating to protective location of the fuel tanks and would provide for establishment of a merchant marine medical program.
Heavy ice cover on the lakes that stretched well into April slowed resumption of the limestone trade. Shipments totaled only 1.8 million tons, a decrease of 28% compared to a year ago. Loadings are 21% off the month’s five-year average.
Shipments of iron ore on the Great Lakes totaled 5.6 million tons in April, a decrease of 9% compared to a year ago. However, loadings were 11% ahead of the month’s five-year average. Shipments from U.S. ports totaled 4.9 million tons, a decrease of 9.5% compared to a year ago
Conrad Shipyard, L.L.C. has received the 2012 Award for Excellence in Safety as well as the Award for improvement in Safety by the Shipbuilders Council of America (SCA). Conrad was one of only five member organizations to receive both awards
American Sensor Technologies, Inc. (AST) released the AST46DS Explosion-Proof Pressure Transducer with Display with pressures from 1 to 20,000 PSI available. The AST46DS is a transducer with zero function capability, voltage or 4-20mA output signals, and all 316L stainless steel sensor materials
The International Seafarers' Welfare and Assistance Network (ISWAN) published multilingual questions for the medical assessment and treatment of seafarers. This updated publication assists medical professionals, first officers, port health authorities and welfare workers, among others
Duplex stainless steel, NSSC®2120 by Nippon Steel & Sumikin Stainless Steel Corporation was recentlly chosen for the construction of two domestic tankers. Sasaki Shipbuilding Co., Ltd. & Hakata Shipbuilding Co., Ltd. became the first shipbuilders in Japan to use stainless steel in the
Officials from NACE International & ministries of defense convene to compare best practices in combatting material degradation. The U.S. and its allies are serious about battling corrosion on aging aircraft, ships, submarines, and ground vehicles
Iron ore exports start up at Long Beach: Western U.S. mines supply the raw material for shipment to Asia. Officials gathered dockside to celebrate the exporting of iron ore from the Port of Long Beach – a promising new line of business developed by SA Recycling
If you ship and receive hazardous materials, chances are that you will eventually receive a shipment that does not meet the DOT's standards for hazmat packages, whether it's undeclared, misdeclared or damaged. Hazmat shipping mistakes are especially common in the reverse logistics supply chain
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives an addtional US$ 60.8-million for aircraft carrier 'John F. Kennedy. The funding increase is to a previously awarded construction preparation contract for purchase of materials in support of aircraft carrier John F
One challenge in the construction of a subsea project is the long delivery time of large steel forgings used for key components. This is mainly due to compliance with oil companies’ individual requirements. DNV is now inviting the subsea industry to jointly obtain synergies by developing a
For 40 years, Videotel has provided the maritime industry with training for seafarers on key important issues such as safety, legislation and technology. This year, to mark its 40th anniversary, Videotel released its latest training catalog, STCW Maritime Training Catalog 2013-2014
Orion Marine Group, Inc., a heavy civil marine contractor serving the infrastructure sector, announced a contract award of approximately $9 million. Orion Marine Group was recently awarded a contract by the U.S. Army Corps of Engineers to dredge approximately two million cubic yards of material
Jotun launched Jotachar JF750, the passive fire protection (PFP) coating system which they say significantly reduces installation time and cuts material costs. Following an extensive development and testing program, the launch of Jotun’s new mesh free PFP helps owners
The IMO's Marine Environment Protection Committee (MEPC) meets for its 65th session from 13 to 17 May 2013, at IMO HQ in London. Items on a busy agenda include the implementation of energy-efficiency regulations and the ballast water management and ship-recycling treaties.