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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


Robert Alan Designed ATB Tugs for ITB Marine

ITB Marine Group Ltd. (ITB) is currently well into construction of the first of two, twin Z-drive, ATB pusher tugs photo Robert Alan

The ITB Marine Group Ltd. (ITB) is currently well into construction of the first of two, twin Z-drive, ATB pusher tugs for service on the West Coast of North America. The tugs are being built at their Annacis Island Shipyard near Vancouver. The tugs will be connected by an articulating pin system to the existing double-hulled oil barges ITB Reliant and ITB Resolution which will receive retrofitted pin ladders and stern extensions for connecting to the new tugs.


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


Cuba, US Sign Oil Spill Deal before Trump Inauguration

© simonovstas / Adobe Stock

Cuba and the United States agreed on Monday to jointly prevent, contain and clean up oil and other toxic spills in the Gulf of Mexico, as they rush to conclude deals before President-elect Donald Trump takes office.   U.S. Charge d'Affaires Jeffrey DeLaurentis, upon signing the agreement


TFI Acquires National Fast Freight

Image: National Fast Freight

 TFI International Inc., formerly known as TransForce Inc., a North American leader in the transportation and logistics industry, has announced that a wholly-owned subsidiary of TFI International has acquired Brampton, Ontario based National Fast Freight (NFF) from Calyx Transportation Group


MANSA opposes MbPT's Revision of Ship Agents' Bank Guarantee

Bank Guarantee levied at other ports

Mumbai and Nhava Sheva Ship Agents Association (MANSA) has requested the Mumbai Port Trust to re-consider the proposed bank guarantee amount levied on vessels calling at the port.   In a letter addressed to the Mumbai Port Trust, MANSA said


India to Push Coastal Shipping

Indian Shipping Minister Nitin Gadkari. Photo by PIB, Govt of India

 Coastal shipping provides benefit in the form of less environmental pollution due to lower per km consumption of fuel.     However, unavailability of consolidated cargo, return cargo and general lack of awareness among shipper community make coastal shipping unviable.  


Indian Ministry of Shipping Updates on Sagarmala Program

Prime Minister Narendra Modi. Pic: PIB, Govt of India

 Sagarmala Programme, an ambitious port-led infrastructure development programme of the government to harness India’s 7,500-km, is now moving from the conceptualization and planning to the implementation stage.    The National Perspective Plan (NPP)


Indian Shipping Industry Focus

The Union Minister for Shipping Nitin Gadkari. Photo: PIB, Govt of India

 India has one of the largest merchant shipping fleet and ranked 17th among the developing countries with average age of the fleet being 18.03 years.  95% of the country’s trade by volume (68% in terms of value) is moved by sea.  


Tax Sops for Indian Shipping Industry

Indian Prime Minister Narendra Modi. Pic: PIB, Govt of India

 In order to support the Indian shipping industry, the Government of India has exempted Customs and Excise Duty leviable on bunker fuels used in Indian flag vessels for transportation of mix of EXIM, domestic and empty containers between two or more ports in India.   


New Research to Examine Oil Spill Impacts

© Arndt Vladimir / Adobe Stock

A research team led by University of South Florida College of Marine Science professor Dr. Steven Murawski has been awarded a $1 million grant to explore how oil spills, such as the Deepwater Horizon (DWH) in 2010, impact the economic, ecological and social system aspects of fishing communities


Panama Canal, IRPT Sign MoU

Panama Canal Photo Panama Canal Authority

 Inland Rivers, Ports & Terminals (IRPT) has signed a Memorandum of Understanding with the Panama Canal Authority (ACP). This historic event marks the first ever global connection for IRPT. This Memorandum of Understanding is important to all of our inland river ports, terminals


14 CEZs to Come Up in India Under Sagarmala

Indian Prime Minister, Narendra Modi. Photo: PIB, Govt of India

 The Government has identified fourteen Coastal Economic Zones (CEZ) along the coastline of the country under National Perspective Plan (NPP) of Sagarmala Programme.   The CEZ are  spatial economic regions spread over multiple coastal districts with strong port linkage. 


Master Plan to Develop Indian Ports

Indian Prime Minister Narendra Modi. Photo: Press Information Bureau, Govt of India

 Based on the present traffic and cargo scenario of Major Ports, a Master Plan has been prepared for expansion of port capacity, which includes a number of new ports.   Sagar Island (West Bengal):  Public Investment Board (PIB) has appraised the project subject to the condition


India for Optimum Utilization of Shipping Sector

Indian Prime Minister Naredra Modi. Photo: Official FB Page

 The Ministry of Shipping, India has prepared a Vision Document for “Coastal Shipping, Tourism and Regional Development” for optimum utilization of the shipping sector and coastal resources.   The document envisages increasing the share of Coastal/Inland water transportation


Coastal Security Tops Maritime Agenda - TMG

Delegation from The Maritime Group International (TMG) and State 21 for coastal security presentation at Parliament. From left State 21 managing director Richard Rowland, State 21 business director Tony Birr, TMG director and partner Les Chapman and TMG managing director Malcolm Parrott Photo TMG

Concerns about UK coastal security are to be raised with Government Ministers following a meeting of an influential Parliamentary maritime group. The All-Party Parliamentary Group for Maritime and Ports is to seek assurances from Immigration Minister Robert Goodwill MP about measures to bolster


India to Develop Coastal Economic Zones

Chart: Press Information Bureau, Government of India

 In its move to boost the ruling party's flagship Sagarmala (string of ports) project, the government of India is developing Coastal Economic Zones (CEZs).   The National Perspective plan of the Sagarmala Programme has identified two maritime clusters for development


Derecktor to Build the Second Hybrid Series Vessel

Photo: Derecktor

Derecktor Shipyards of Mamaroneck, New York and Harbor Harvest of East Norwalk, CT. has announced their next revolutionary project providing an alternative transportation platform for organic food shipping.   Combining the quality construction that Derecktor’s reputation is






 
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