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COASTAL TRANSPORTATION

US Ocean & Coastal Shipping Market Report

A decline in demand for freight transportation leads IBISWorld to update its market report on US Ocean & Coastal Transportation. The transportation sector provides deep-sea, coastal, Great Lakes and St. Lawrence Seaway water transportation. The deep-sea shipping activity includes US flagged vessels and non-US flagged vessels. Marine transportation establishments using the facilities of the St. Lawrence Seaway Authority Commission are considered to use the Great Lakes water transportation system. This industry also includes deep-sea passenger transportation such as cruise ships. The updated report indicates that an overall decline in demand for freight transportation caused nearly all operators to struggle during the recession. However, the overall economic revival will pave the way for industry growth, as demand for waterborne freight shipping, cruise travel and higher fuel prices stimulate revenue. Despite these positive factors, external competition will prove to be an imminent threat. Excerpts from the report: In the five years to 2012, revenue for the Ocean and Coastal Transportation industry is expected to decline at an annualized rate of 2.2% to $28.3 billion. According to IBISWorld analyst Lauren Setar, “The global shipping market struggled during the recession as consumers began to spend less, reducing the trade of goods around the world


Eight New Coastal RoRos Slated for U.S.

Maritime Transport & Logistics Advisors, LLC (MTLA) an industry consulting firm based in Ft. Lauderdale, FL has been engaged by Roadships America, Inc. to provide research and analysis of the U.S. Coastal Transport market, as well as assistance with operational considerations in the final design stages of Roadships’ new generation high speed Ro/Ro vessels. Roadships America, Inc., a Reno, NV company is owned by U.S. and foreign investors.


Vigor’s Tacoma Yard Delivers Breasting Barges to Foss

Photo courtesy of Vigor Industrial

Vigor Industrial expands its newbuild capacity in Washington; Tacoma yard delivers three breasting barges   Fabrication teams at Vigor Industrial’s Tacoma, Wash. shipyard have delivered three 60’ x 24’ x 15.5’ breasting barges to Foss Maritime. The barge system will be used to moor Shell’s drill rigs at Terminal 5 in Seattle, Wash. where the company is scheduled to ready its fleet for Arctic drilling this summer.   


Kirby Corp. to Acquire Allied Transportation

Kirby Corporation agrees to purchase assets of Allied Transportation Company, a subsidiary of Allied Marine Industries, & two affiliated companies. Kirby Corporation, based in Houston, Texas, is the nation's largest domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii.


Kirby Corp. Announces Record 3Q Results

Kirby CEO Joe Pyne (Photo: Greg Trauthwein)

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability. Kirby Corporation announced record net earnings attributable to Kirby for the third quarter ended September 30, 2014 of $76.7 million, or $1.34 per share, compared with $69.1 million, or $1.21 per share, for the 2013 third quarter, which included a $0


Coastal Towing Announces New Refinancing

Coastal Towing, Inc., announced today the consummation of a $28 million senior term loan with the CIT Group/ Equipment Financing, Inc., Heller Financial Leasing, Inc. Pursuant to this transaction, the Company refinanced senior term debt under existing agreements with CIT and Wells Fargo Bank, N.A. In addition, the loan will be used to facilitate Coastal?s barge construction program. Coastal Towing Announces New Corporate Officer


MARAD Opens California Green Trade Corridor

The U.S. Department of Transportation’s (DOT) Maritime Administration (MARAD) today dedicated the California Green Trade Corridor.  The Corridor will help take freight traffic off California’s congested I-580 by offering shippers an option to move cargo along the waterways between the Ports of Oakland, Stockton and Sacramento. The project received a $30 million grant from the Department of Transportation, as well as $5 million from local sources


Judge Recognizes MARAD Authority

As a result of the Maritime Administrator’s designation of New Jersey as an adjacent coastal state, pursuant to 33 USC 1508(a)(2), Atlantic Sea Island Group, LLC, (ASIG) a deepwater port applicant, filed suit against the Maritime Administrator and Secretary of Transportation on February 15, 2008.  In addition to filing the suit, the plaintiff also sought a preliminary injunction.  ASIG alleged that the Maritime Administrator's designation of New Jersey as an "adjacent


K-Sea Completes Acquisition of Smith Maritime and Sirius Maritime

K-Sea Transportation Partners L.P. has completed the acquisition of Smith Maritime, Ltd. of Honolulu, Hawaii and Sirius Maritime, LLC of Seattle, Wash. President and CEO Timothy J. Casey said: “We are very excited about welcoming the Smith and Sirius operating teams to K-Sea. This acquisition immediately increases our barrel-carrying capacity by 770,000 barrels, or 22% of our capacity of 3.5 million barrels at June 30, 2007


HSRP to Meet in Honolulu

The Hydrographic Services Review Panel (HSRP) is a Federal Advisory Committee to the National Oceanic and Atmospheric Administration (NOAA) that will convene a Public meeting on May 4-6, 2011 in Honolulu, Hawaii. The Panel will meet to present and discuss NOAA’s hydrographic services and matters that affect marine transportation, safe navigation, commercial shipping, ocean and coastal stewardship, coastal and marine spatial planning, recreational boating


Port Infrastructure Projects Underway in Virginia

U.S. Transportation Secretary Foxx breaks ground on major infrastructure projects at the Port of Virginia; federal funding supports reduced congestion in nearby neighborhoods   U.S. Transportation Secretary Anthony Foxx today joined Virginia Gov


Cosco Xiamen Orders Aluminum Fast Ferry

Rendering of the Coastal Cruiser 322 aluminum fast ferry for Cosco Xiamen (Image: CoCo Yachts)

CoCo Yachts and AFAI Southern Shipyard Guangzhou Panyu ltd have been awarded a new building contract with Cosco Xiamen for a Coastal Cruiser 322 aluminum fast ferry.    The newly built Coastal Cruiser 322 will replace Cosco Xiamen’s current fast ferry with on the passenger


Crowley Bolsters LNG Equipment Fleet

Photo: Crowley

Crowley Maritime Corp. informs it has responded to increased market demand, acquiring 16 additional ISO tanks for its Carib Energy group that will be used to supply, transport and distribute U.S.-sourced liquefied natural gas (LNG) to customers in Puerto Rico, the Caribbean and Central America


Shreyas Acquiring Additional Vessels to Expand Fleet

Pic: Shreyas Shipping and Logistics Ltd

 Mumbai-based Shreyas Shipping and Logistics Ltd (SSL), part of global conglomerate Transworld Group, has acquired two container ships to boost its fleet to 8 vessels from earlier 6 vessels.   In a filing to the stock exchange, the company said that the newly acquired ships would be


Retailers: Port Statistics Bill Would Help Avoid Repeat Slowdown

Photo: Port of Los Angeles

The National Retail Federation (NRF) and more than 100 other business groups called for passage of legislation that would require the Transportation Department to track port statistics, saying it could help avoid a repeat of the congestion and slowdowns that occurred along the West Coast during


MARAD to Host META Program

image

  The Maritime Administration (MARAD), in cooperation with the Maryland Environmental Resource Center, will hold an open forum to solicit input on the Agency’s Maritime Environmental and Technical Assistance (META) Program and key environmental issues facing maritime transportation.


Retailers: Short-term Transportation Bill Isn’t Enough

Jon Gold (Photo: NRF)

Addressing the House vote scheduled this afternoon on a temporary five-month extension of transportation funding, the National Retail Federation (NRF) issued the following statement from Vice President for Supply Chain and Customs Policy Jonathan Gold:  


Bouchard Transportation Christens New ATB Unit

Photo: Bouchard Transportation Co.

Oceangoing petroleum barge company Bouchard Transportation Co. celebrated the christening of two new vessels, M/V Kim M. Bouchard and B. No. 270, on Tuesday July 14, 2015 in New Orleans.   The ceremony was honored by the Monsignor James Vlaun who blessed the vessels, and Marie Romais


Seattle, Tacoma Ports Welcome State Transport Investment

Photo: Port of Tacoma

Washington State Legislature’s passed a $16.2 billion transportation investment package that ports of Tacoma and Seattle say will benefit the state’s economy by speeding the movement of cargo through the ports and freight corridors.  


Maritime Solutions for the Big Apple’s Growth

Photo: U.S. Department of Transportation

Like most of our Nation’s major urban areas, New York City is experiencing growing pains. The Big Apple’s rising population means surging needs for freight and services, which have made congestion a common reality for the city’s more than 10 million daily commuters.  


K&L Gates Welcomes Martinko

The Washington D.C., office of global law firm K&L Gates LLP has welcomed Stephen Martinko as a government affairs counselor in the public policy and law practice. Martinko joins the firm from the Port of Pittsburgh Commission (PPC), where he served as executive director of one of the largest


Caltex Replaces Australian Crew

Alexander Spirit. Photo credit: The Advocate - Burnie

 The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,100 dwt, built 2007) is docked in Devonport, in Tasmania's north-west, now.  


SAFE Boats Bags Homeland Security Order

Image: SAFE Boats

Production of Customs and Border Protection’s coastal interceptor vessels to commence immediately   SAFE Boats International informs it has been awarded a contract from U.S. Department of Homeland Security, Customs and Border Protection (CBP) to build up to 52 coastal interceptor


BMT Awarded Port Geographe Coastal Engineering Contract

Photo courtesy of BMT JFA

BMT JFA Consultants (BMT), a subsidiary of BMT Group,  has been awarded a contract by the Western Australian Department of Transport (DoT) to provide services as Coastal Engineering Advisor for the Management of Beaches, Structures and Waterways at Port Geographe, Busselton.


SUNY Maritime to Host e-Navigation Conference

The e-Navigation Underway 2015 – North America conference will be hosted by The State University of New York (SUNY) Maritime College from September 28 to 30 on the college’s Throggs Neck, N.Y. campus.    The conference’s theme is: “Reducing Risk through






 
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