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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


SCI expands its Coastal Shipping Services

Courtesy SCI

The new restructured SMILE Service synergizes Shipping Corporation of India’s (SCI) Services with Shreyas’s Services and seamlessly links up Persian Gulf with East Coast of India and West Coast of India, thereby, further strengthening and expanding SCI’s presence in the Coastal Shipping Sector. The working together of two Lines, i.e., The SCI and Shreyas, on this route will be a force multiplier for SCI which will provide a high quality of Coastal Services on fixed day


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


Cenac Marine to Christen New Vessel, Donate Barge

Benny Cenac (Photo: Cenac Marine Services)

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as well as the company’s donation of a spud barge to Terrebonne Parish.  


Great Lakes Dredging Awards Announced

Courtesy Great Lakes Dredge & Dock Corp

Great Lakes Dredge & Dock Corporation announced that it was recently awarded four contracts with an approximate value of $93 million. Great Lakes received two awards for coastal protection work required along the East Coast as a result of the extensive damage caused by Super Storm Sandy in


Foxx Names New Members to Maritime Industry Advisory Panel

U.S. Transportation Secretary Anthony Foxx announced the appointment of 29 new members to the Marine Transportation System National Advisory Committee (MTSNAC).  Established in 2010, MTSNAC is comprised of leaders from commercial transportation firms, ship construction, repair and recycling


Somalia Stakeholders Forum Reviews Maritime Code

Photo: International Maritime Organization (IMO)

 ​The revised Somalia Maritime Code is being finalized at a four-day Stakeholders Forum, sponsored by International Maritime Organization (IMO) (Kigali, Rwanda 12-15 July).    The workshop is part of IMO’s ongoing technical assistance to the Federal Government of Somalia and


FAST Act Grant Awards Announced

Image DOT of USA

The U.S. Department of Transportation (DOT) has announced 18 proposed grant awards for projects under the Nationally Significant Freight and Highway Projects Program. The program, also known as the Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National


OOI Community Workshop: Cabled, Endurance, and Station Papa

Credit OOI Cabled Array program and the Center for Environmental Visualization, University of Washington

The Ocean Observatories Initiative (OOI) infrastructure is operational and ocean scientists can now integrate OOI observations into their research proposals and projects. The UNOLS Ocean Observing Science Committee (OOSC) along with OOI’s Science Oversight Committee (SOC) are organizing a


Swiftships to Procure Patrol Craft Kits for Egyptian Navy

Photo: Swiftships

Naval Sea Systems Command (NAVSEA) awards contract to Swiftships for four 28-meter KITs for the Egyptian Navy   On June 28, 2016 Louisiana-based Swiftships, LLC, was awarded a $15 million firm-fixed-price (FFP) contract involving Foreign Military Sales (FMS) to procure four 28-meter KITs


India: Big Push on Coastal Shipping of Thermal Coal under Sagarmala

Image: The Ministry of Shipping

 The State Government of Odisha will partner the Ministry of Shipping for taking ahead the ‘port-led development’ agenda under Sagarmala, the flagship program of the Ministry.    The State Government has confirmed 10% equity participation in the Special Purpose Venture


Indonesia Bans Ships for Philippines

File photo: Indonesian Navy Show

 The Indonesian Government has banned vessels flying Indonesias flag from sailing to the Philippines following the latest hostage incident.   According to a report in AP,  Indonesia said, a halt on coal shipments to the Philippines will remain in place until Manila can secure its


ST Marine Delivers 4th Patrol Vessel to Oman

A series of four patrol vessels designed and built by ST Marine for the Royal Navy of Oman, namely RNOV Al-Seeb, RNOV Shinas, RNOV Sadh and RNOV Khassab (Photo: ST Marine)

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), has held the Interim Acceptance ceremony for the Patrol Vessel (PV) RNOV Khasab.   This is the final, in a series of four vessels


Indiana Ranks Top 10 for 109 Logistics Categories

2016 Indiana Logistics Directory Cover Photo Indiana Ports

The newly released 2016 Indiana Logistics Directory reports that Indiana ranks high nationally in its ability to move freight via truck, rail, water and air. The state is ranked in the top five states in more than 25 logistics-related categories and in the top 10 in 109


FMC Chairman Addresses US-China Regulatory Issues

FMC Chairman Cordero (center) co-led US Delegation to US-PRC Bilateral Maritime Consultations in Los Angeles, June 2016 (Photo: Eric Shen, USDOT)

Consolidation of shipping lines, realignment of carriers alliances, environmental improvements in the shipping industry and achieving supply chain efficiencies were all among topics addressed during the U.S.-China Bilateral Maritime Consultations held in Los Angeles last week.  


VT Halter Delivers ATB Tug for Bouchard

M/V Frederick E. Bouchard, a 6,000hp Twin Screw ATB tug, during sea trials (Photo: VT Halter Marine)

VT Halter Marine, Inc. has delivered the 6,000hp Twin Screw Articulated (ATB) tug, MV Frederick E. Bouchard, to owner Bouchard Transportation Co., Inc. at the shipbuilder’s facilities in Pascagoula, Miss. on Wednesday, June 8, 2016.  


CBP, AMO Unveils New Interceptor Vessel

New Coastal Interceptor Vessel Photo CBP

U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO) and SAFE Boat International celebrated the unveiling of AMO’s newest coastal interceptor vessel (CIV) Thursday. In honor of AMO’s historical legacy, this first CIV will be named the Alexandria


SAFE Boats Delivers First CIV for Air and Marine Operations

Photo: SAFE Boats International

SAFE Boats International (SBI), a manufacturer of aluminum boats located in Bremerton, Wash., has completed the first Coastal Interceptor Vessel (CIV) on contract from U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO).  






 
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