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KIRBY OCEAN TRANSPORT

SUNY Maritime Admiral’s Scholarship Dinner

On Tuesday, May 5th, at 6:00 pm, the State University of New York Maritime College will salute the American Bureau of Shipping (ABS), Kirby Inland Marine and Professor Emeritus William Sembler, ’52 at the College’s annual Admiral’s Scholarship Dinner.  The event will be held on the college’s waterfront campus in Throgs Neck, New York.   ESPN Sailing Analyst and former America’s Cup sailor Gary Jobson will serve as the Master of Ceremonies for the event. ABS is an international classification society devoted to promoting the security of life, property and the marine environment through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities.  ABS Chairman and Chief Executive Officer (CEO)  Robert D. Somerville will accept Maritime College’s award at the May 5 dinner.  ABS is headquartered in Houston, TX, with New York area offices in Paramus, New Jersey. Somerville has devoted his professional life to the marine industry and has spent more than 35 years with ABS in senior positions.   He holds a Bachelor of Science degree in Marine Engineering from Maine Maritime Academy and completed Harvard Business School’s program for Management Development.


Kirby Expects Strong 3Q Earnings

Expected result compares with $.57 per share for the 2010 third quarter, fueled by continued strong inland marine transportation and land-based diesel engine services markets. Kirby to announce 2011 third quarter results on Wednesday, October 26, 2011, with conference call on Thursday, October 27, 2011. Kirby Corporation announced today that it expects its 2011 third quarter net earnings to exceed $.90 per share, above the top end of Kirby's earnings guidance of $.82 to $


Kirby Signs Agreement With Coastal Towing

Kirby Corporation announced the signing of an asset purchase agreement with Coastal Towing, Inc. ("Coastal") to purchase from Coastal seven black oil tank barges and 13 inland towboats. The transaction, estimated at $17.1 million in cash, is being financed through Kirby's operating cash flow and available credit under Kirby's bank revolving credit agreement. Kirby and Coastal have also entered into a Barge Management Agreement whereby Kirby will serve as manager of the combined black


Kirby Corporation Purchases Tank Barges

Kirby Corporation announced the purchase of the stock of Coastal Towing, Inc., the owner of 37 inland black oil tank barges, for approximately $19.3m. Kirby has been operating the Coastal tank barges since October 2002 under a barge management agreement. Kirby also announced the purchase of 21 tank barges from Cypress Barge Leasing, LLC for $15m in cash. Kirby has been leasing the barges since 1994 when the leases were assigned to Kirby as part of Kirby's purchase of the tank barge fleet


News: Poor Weather, Repairs Forces Kirby to Lower Expectations

"Very poor weather, major repairs to a lock on the Gulf Intracoastal Waterway and rapidly escalating fuel prices, not lower business levels, are the factors causing Kirby to revise its first quarter forecast," were a few reasons that Joe Pyne, Kirby Corporation's President CEO, cited for the company's lowering of its earnings guidance for the 2003 first quarter to $.26 to $.30 per share from previous guidance of $.36 to $.40 per share


Kirby Corp. Announces Record Results

Kirby Corporation reported that for the fourth quarter ended December 31, 2000, net earnings were a record $9,088,000, compared with $3,974,000 for the 1999 fourth quarter. For the 2000 year, net earnings were $34,113,000, up from $21,441,000 in 1999. Joe Pyne, Kirby's President and Chief Executive Officer, said, "The 2000 fourth quarter net earnings of $.38 per share and 2000 year net earnings of $1.39 per share are record results for Kirby. Our EBITDA results of $33,615,000, or $1


Joe Pyne Joins DHT Holdings’ Board of Directors

Joe Pyne (Photo: Greg Trauthwein)

Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors. Erik Lind, Chairman of DHT said, “We are very pleased to have Joe join the DHT board of directors. His commercial and operational experience and longstanding insight into the U.S. capital markets are all expected to significantly augment the workings of the board to the benefit of DHT.”


Vocational Training Options Grow

The full-mission, full-bridge towboat wheelhouse simulator at Kirby’s training center (Photo courtesy Kirby Corp.)

From MarineNews, March 2010 Vocational training options continue to expand since the STCW 1995 rules put a crimp in the hawsepipe. The Pacific Maritime Institute’s (PMI) Workboat Academy has graduated its third class of mates. The State University New York (SUNY) Maritime College has opened a new two-year engineers program. Finally, Kirby’s training school continues to provide company employees with an in-house route to the wheelhouse.


Johnson Joins Senesco Marine

Senesco Marine located in North Kingstown, R.I., a part of the Reinauer family of marine companies, principally engaged in the design and construction of state of the art OPA-90 compliant double hull ATB ocean tank barges and the new generation of “Facet” tugs announces that it is bringing on board Tom Johnson who will be responsible for new business development expanding the ship builders services to the commercial market.


Kirby Corp. Records Solid Results

Kirby Corp. has apparently had success incorporating Hollywood Marine, a move which effectively created the largest inland barge operator in the country. In February, the company reported earnings per share (EPS) of $0.38, versus $0.31 a year ago. While the company appears strong, poised for further growth, there are some concerns as noted in a research report from Lazard Freres & Co. LLC. Management expects the slowing U.S


General Ship Repair: A Family Affair

A Lynch Legacy  From L to R: Michael Lynch, Ryan Lynch, Charles “Chaz” Lynch, Charles F. “Derick” Lynch & Cary B. Lynch.

The General Ship Repair Corporation, a fixture on the Baltimore water front for nearly a century, continues to build a strong business while preparing for fourth generation ownership.  General Ship Repair Corporation is as ubiquitous of a presence on the Baltimore waterfront as Under


Design Competition for Safe Affordable Ferries

Ferry map

  Registration opened for Third annual International Student Design Competition for Safe Affordable Ferries. Today the Worldwide Ferry Safety Association (WFSA) announced its latest competition for a Safe Affordable Ferry, with entries being sought from naval architectural students from


Treasure Hunters Find $4.5 mln in Rare Spanish Coins

Photo: 1715 Fleet - Queens Jewels, LLC

Florida treasure hunters found a trove of $4.5 million worth of Spanish gold coins 300 years to the day after a fleet of ships sunk in a hurricane while en route from Havana to Spain, the salvage owner said Wednesday.   The 350 coins found on July 30 include nine rare pieces


Panama Canal to Limit Cargo on Bigger Ships amid El Nino Drought

Image: Panama Canal Authority

 The Panama Canal Authority said that next month it will temporarily limit the amount of cargo for larger ships using the waterway because drought has lowered water levels in Gatun and Alhajuela lakes, reports AP.   Earlier there were reports that the size of ships will be temporarily


Renovated Research Vessel Sets Sail

Marion Dufresne II (Photo: Damen)

French scientific research vessel completely renovated in life extension project. French research vessel Marion Dufresne II left Damen Shiprepair Dunkerque (part of Damen Shiprepair & Conversion) in northern France on July 28 having recently undergone sea trials and a complete renovation.


Renovated Marion Dufresne II sets sail on time

Marion Dufresne II

  French scientific research vessel completely renovated in life extension project The renowned French research vessel, Marion Dufresne II left Damen Shiprepair Dunkerque (part of Damen Shiprepair & Conversion) in northern France on 28 July having recently undergone sea trials and a


Japan Places Focus on Maritime Education

Photo: IMO

Maritime education and training in focus at Japan’s World Maritime Day Parallel Event   Present and future maritime education and training needs were the focus of an international symposium held during the 2015 World Maritime Day Parallel Event hosted in Japan’s port city of


US Slaps Sanctions on Singapore Shipping Firm over North Korea Links

Image: Senat Group

 The United States imposed sanctions on a Singapore-based shipping firm and its president, alleging they are supporting illicit arms imports into North Korea.   The Treasury Department said that Senat Shipping Company was providing extensive support to Ocean Maritime Management Company


Direct Cambodia-China Cargo on Course

Image: Sihanoukville Autonomous Port (SAP)

 Two Chinese shipping giants are likely to sign agreements with Cambodia's Sihanoukville Autonomous Port (SAP), paving the way for exporters to move cargo directly from Cambodia to China, Xinhua reported.  Both Cosco and China Shipping are expected to sign with Sihanoukville Autonomous


Intracoastal Waterway Reopened After Barge Collision

The Coast Guard assisted in response to a collision and fire early Monday morning in the Intracoastal Waterway near Bolivar Peninsula in Texas, July 20, 2015. (USCG photo)

The U.S. Coast Guard has fully reopened the Intracoastal Waterway (ICW) near Bolivar Peninsula, Texas Monday at 9:15 p.m. Monday, after closing it for a barge collision earlier in the day. At approximately 1:20 a.m. Monday, a collision occurred at ICW mile marker 349 involving two


Djibouti Training Center Build on Pace

Photo: IMO

The construction of the Djibouti Regional Training Centre (DRTC) in Doraleh, Djibouti is moving forward in earnest, with a view to completion by the end of September 2015, the International Maritime Organization (IMO) said.    IMO’s Chris Trelawny and  Kiruja Micheni made a


MOL Inaugurates Ikeda as President

Mitsui O.S.K. Lines, Ltd. (MOL) inaugurated Junichiro Ikeda as its new president on June 23, 2015.   “The world economy continues to expand, and demand for ocean transport is growing steadily. On the other hand, the world political and economic situations and the environment


Shelter-in-place lifted, Houston Ship Channel reopened

Picture of Coast Guard Vessel Traffic Service Houston of the barge impact on the Houston Ship Channel.

  A shelter-in-place was lifted and the Houston Ship Channel was reopened at 2:08 p.m. Wednesday, after an incident in the upper ship channel that caused the release of as much as 23,000 gallons of naphtha (PTN). The Coast Guard, Texas General Land Office


Golden Ocean: Worst Bulk Market Since 1980s

Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from "bad to worse" with market conditions not seen in three decades. Golden Ocean, controlled by shipping tycoon John Fredriksen


Global Warming Slowdown Tracked to Indian Ocean

Image courtesy: NOAA.

 Global surface warming has slowed since the start of the twenty-first century, while Pacific heat uptake was enhanced. Analyses of ocean heat content suggest that the warm water was transferred to the Indian Ocean, through the Indonesian straits, reports "Natue".  






 
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