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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.


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


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.


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


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


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


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


NOAA Finalizes Plans for 2011 Survey Season

As the new year approaches, NOAA ships and independent contractors are preparing for the nation’s 177th hydrographic surveying season, aiming to collect critically needed ocean and coastal mapping data for 2,525 square nautical miles in high-traffic coastal waters of the continental United States and Alaska.   “The science of these surveys underpins the steady flow of commerce and the safety of mariners and coastal communities,” said NOAA Corps Capt. John E


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


BHP Billiton's Conservation Efforts on the World Stage

Welcoming ceremony kicks off World Parks Congress in Sydney

  Thousands of conservation experts from around the world, including environmental scientists from BHP Billiton, are in Sydney for the 2014 World Parks Congress (WPC). WPC is the preeminent conservation forum and is held every 10 years to share best-practice knowledge in managing


Crowley Wins 2nd Commercial LNG Supply Contract

Photo courtesy of Crowley

Crowley Maritime Corp.’s Liquefied Natural Gas (LNG) services group has been awarded a second, multiyear contract to supply containerized, U.S.-sourced LNG to a pharmaceutical company’s manufacturing plants in Puerto Rico. The contract


7 Rescued from Sinking Freighter Near Haiti

7 Saved from Sinking freighter

   Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.   Watchstanders at the Coast Guard 7th District command center in Miami received a report from a tug stating


Seven Rescued from Sinking Freighter near Haiti

Seven crewmembers were rescued after the 100-foot coastal freighter Calypso began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday. U.S. Coast Guard photo.

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday. Watchstanders at the U.S. Coast Guard 7th District command center in Miami received a report from a tug stating they heard a


SCI onto Gujarat Coastal & Exim Container Trades

Mr. A K Gupta Chairman and Managing Director of SCI

  The Shipping Corporation of India Ltd. (SCI), a Government of India Enterprise, hosted an interactive session on Coastal & Exim container trades of Gujarat on 9th October, 2014 at Courtyard Marriott, Ahmedabad. Shri Arun Kumar Gupta, Chairman and Managing Director of SCI, Capt. B.B


COWI NA Merges its Marine Companies

Photo courtesy of COWI NA

Ben C. Gerwick, Inc. and Ocean and Coastal Consultants, Inc. merger creates new player in the North American marine engineering market COWI North America, Inc. (COWI NA) announced that its two marine companies, Ben C. Gerwick, Inc. and Ocean and Coastal Consultants, Inc


NMRA Awards Scholarship to Yacht Design Students

Left to right: David Luff, Cindy Luff, 2014 NMRA scholarship recipient Noah Luff and Keith LaMarr of Macaroni Marketing

The National Marine Representatives Association (NMRA) awarded two scholarships to students pursuing careers in the field. Noah Luff of Ventura, California is one of the recipients of the association's $500 scholarship. Keith LaMarr and Chris Martorana of Macaroni Marketing made the presentation


Connecting Fishermen to shore

Inmarsat

  Fishermen on board Chinese coastal fishing vessels can now keep in constant contact with friends, family and colleagues thanks to a brand new application developed exclusively for Inmarsat’s Fleet One service. Created by Beijing Marine communication and Navigation Co


AMS Presents 2014 Safety Awards

Bouchard Transportation Company, Circle Line Sightseeing Cruises, General Dynamics/American Overseas Marine Corporation, Patriot Contract Services and U.S. Shipping Corporation receive 2014 Maritime Safety Awards (Photo: AMS)

Nonprofit maritime trade association American Maritime Safety (AMS) held its 25th Annual Membership Meeting at The Yale Club of New York City on Thursday, October 23, honoring five member companies with Maritime Safety Awards in recognition of their dedication to promoting safe vessel navigation


Bouchard Wins Industry Safety Award

Bouchard Transportation Co., Inc. Vice President of Operations & Sales Morty Bouchard IV accepts the AMS Tug & Barge Safety Award from AMS President Lee Seham at the American Maritime Safety 25th Annual Membership Meeting on Thursday, October 23, 2014 (Photo: AMS)

Bouchard Transportation Co., Inc., an independently-owned oceangoing petroleum barge company, received the 2014 AMS Tug & Barge Safety Award from the American Maritime Safety, Inc. (AMS) on Thursday, October 23. The award, accepted by Morty Bouchard IV


Repower Gives New Life to '80s Supply Vessel

Gulf Ranger

Repower brings 1985-built supply vessel into Tier 3 compliance As the drilling industry increasingly returns to shallow water operation, Laborde Products is poised to help offshore transportation companies command the best use of their fleets


WHOI: Fukushima Radioactivity Detected Off West Coast

Monitoring efforts along the Pacific Coast of the U.S. and Canada have detected the presence of small amounts of radioactivity from the 2011 Fukushima Dai-ichi Nuclear Power Plant accident 100 miles (150 km) due west of Eureka, California. Scientists at the Woods Hole Oceanographic Institution


MARAD Releases Port Planning and Investment Toolkit

New Toolkit Will Assist U.S. Ports in Securing Funding for Infrastructure Projects  The U.S. Department of Transportation’s Maritime Administration (MARAD) today released the first module of the Port Planning and Investment Toolkit, a manual designed to aid U.S


ClassNK’s Super Eco Ship for Coastal Trade

Focusing on Super Eco System

  As the Industry waits for the Ministry of Shipping, Government of India to roll out the much hyped policy to boost Coastal Shipping and Inland Waterways transport, ClassNK & Indian Register of Shipping (IRS) took the first step to conduct a workshop on “Super Eco Ship For India


USCG Transport Orphaned Baby Sea Lion

USCG transport the Sea Lion

The Coast Guard worked with the National Oceanic Atmospheric Administration to transport a baby orphaned Stellar Sea Lion from Seattle to Sacramento, Calif., Thursday, where it will be in the care of staff members from The Marine Mammal Center.






 
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