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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


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.


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


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.


Osprey Line Makes Record Container Tow

M/V Bill Watson, with a 15 barge tow traveling through Baton Rouge. Osprey Line, LLC, recently completed the largest single unit tow container movement in the history of the U.S. Inland Waterway System. The 15 barge tow was loaded with 375 containers (750 TEU) of agricultural products from Memphis to New Orleans and Houston. Osprey Line worked closely with six major steamship lines to move the cargo to Gulf of Mexico ports for export on container vessels


Canadian Ports: Minister Emphasizes Key Role

Honourable Lisa Raitt: Photo Transport Canada

Transport Canada informs that the Honourable Lisa Raitt, Minister of Transport, has spoken of the important role Canada's marine ports play in supporting trade and economic growth in a speech to the 56th annual conference of the Association of Canadian Port Authorities


Kirby Reports Record Q2 2014

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Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability.   2014 third quarter earnings per share guidance range of $1.30 to $1.40 compared with $1


ABS to Class the World's First CNG Ship

ABS Chairman and CEO Christopher J. Wiernicki

ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN). The award for the precedent-setting ship


Search for Flight MH370: Update

Fugro Equator stern view: Image courtesy of Fugro

Australia's Joint Agency Coordination Centre (JACC) says that a bathymetric survey of the 60,000km2 search area is well underway, with two vessels, the Australian-contracted Fugro Equator and the Chinese survey ship Zhu Kezhen, mapping the ocean floor


2H Offshore Joins Deepwater Mining Consortium

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2H Offshore, an Acteon company, has joined an international European consortium comprising nineteen industry and research organizations to develop deepwater mining solutions. Over the next four years, the European Commission funded project, known as Blue Mining


Kirby Awards ATB Contracts to Bay Shipbuilding

Photo courtesy of Bay Shipbuilding

Bay Shipbuilding Company (BSC) of Sturgeon Bay, Wisconsin, a subsidiary of Fincantieri Marine Group (FMG), has been awarded a contract to build two 155,000-barrel capacity barges and two 6,000 HP tugs for Kirby Corporation. The vessels are to be operated as Articulated Tug-Barge (ATB) units and


MOL to Launch Arctic Ocean LNG Route

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Japan's Mitsui OSK Lines Ltd (MOL) said on Wednesday that it will start transporting liquefied natural gas (LNG) through the Arctic Ocean in 2018 using icebreaker LNG tankers. MOL, with its joint venture partner China Shipping, has ordered three icebreaker LNG carriers from South Korea's Daewoo


MMX Board Approves Lease, Possible Sale of Corumba Iron Ore Mine

Brazil's MMX said late Wednesday it approved the lease and possible sale of its Corumba, high-grade iron ore unit, part of efforts to raise cash and restructure the troubled mining company controlled by Brazilian tycoon Eike Batista. The Rio de Janeiro-based company


MH370 Indian Ocean Search Extended South

MH370 Search Area: Imagae JACC

Australia, Malaysia and China have decided to extend the search area in the southern Indian Ocean, which represents the highest priority for future search efforts for missing Malaysia Airlines flight MH370, informs Australia’s JACC.


USCG Presents William M. Benkert Awards

Vice Commandant of the U.S. Coast Guard (USCG) Vice Adm. Peter Neffenger presented the 2014 Rear Adm. William Benkert Awards at the American Petroleum Institute's (API) annual tanker conference Thursday. The award is given to support and recognize maritime industry efforts for their environmental


US Navy Ship En Route to Receive Syrian Chemical Weapons

MV Cape Ray (Official U.S. Navy file photo)

U.S. motor vessel Cape Ray departed Rota, Spain, this morning en route to the port of Gioia Tauro, Italy, where the ship will receive declared Syrian chemical weapons transferred from the Danish vessel Ark Futura, the U.S. Navy announced today in a press release.


Keith Kirby, Director of Hurricane Energy Resigns

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  Hurricane Energy plc announced the resignation of Keith Kirby as a director of the Company. In light of this, resolution 3 relating to the re-election of Keith Kirby has been withdrawn from consideration at the Annual General Meeting that was held on 23 June 2014


SECNAV Orders Amphibious Transport Dock Ship to Gulf

USS Mesa Verde: Photo USN

Defense Secretary Chuck Hagel today ordered the amphibious transport dock ship 'USS Mesa Verde' into the Arabian Gulf, Pentagon Press Secretary Navy Rear Adm. John Kirby said.
 The ship has completed its transit through the Strait of Hormuz, the admiral said in a statement.


Malaysian Airlines MH370 Search: Latest Update

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Australia’s Joint Agency Coordination Centre informs that no signs of aircraft debris have been found by the Autonomous Underwater Vehicle 'Bluefin-21' since it joined the search effort. The Australian Transport Safety Bureau (ATSB) has advised that the search in the vicinity of the acoustic


MOL Assists South African Primary Education Initiative

A Panel of MOLs cutting-edge hybrid car carrier Emerald Ace ,which carried eight mobile library vehicles last year, was presented to South African Ambassador in Japan Her Excellency Mohau Pheko by MOL Senior Managing Executive Officer Takashi Kurauchi.

Mitsui O.S.K. Lines, Ltd. said it plans to assist nonprofit organization South Africa Primary Education Support Initiative (Sapesi-Japan) with the ocean transport of mobile library vehicles to the Republic of South Africa. This marks the fourth time since 2009 that MOL has contributed to this






 
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