Plains All American Pipeline, L.P. announced that its subsidiary, Plains Marketing, L.P., has acquired a 50% membership interest in Settoon Towing LLC. The effective date of the transaction was November 1, 2006 and the cash purchase price was approximately $33 million. Armstrong noted that PAA has had a long-standing business relationship with Settoon and PAA is currently Settoon's largest customer with 22 tugs and 22 tank barges under charter. Settoon Towing LLC owns and operates a fleet of 57 transport and storage barges (including three on lease or charter) as well as 30 transport tugs (including three on lease or charter). Settoon's core business is the gathering and transportation of crude oil and produced water from inland production facilities across the Gulf Coast. It conducts its operations out of two facilities in south Louisiana, which are strategically located on the Gulf Intercoastal Waterway and provide access to numerous inland waterways.
Eastern Shipbuilding Group Finishes Up 2011 With Another 96 ft. Towboat Delivery for Settoon Towing, LLC., the JAMES J PERERA. Eastern Shipbuilding Group, Inc. is pleased to announce another on-time delivery for the third 2,600 HP Canal Class Inland Towboat, the JAMES J. PERERA, for Settoon Towing, LLC., of Pierre Part, LA. This towboat is the third in a series of a four vessel contract with Settoon, another repeat customer for Eastern Shipbuilding Group
Conrad Industries, Inc. signed six contracts for the construction of seven vessels and a record current backlog of approximately $97.0 million compared to $84.5 million at December 31, 2006. Bay-Houston Towing Co. and Suderman & Young Towing Company, L.P., for which we are currently constructing two tugs at our Orange Shipbuilding facility, have exercised options for two additional 98’, Z-Tech 7500 Class Terminal/Escort Tugs, sister vessels for the others under construction.
When Martin M. Sneed embarked in the business of building for the demanding workboat market in the mid-60s, he likely did not imagine that four decades later, his son Clyde (pictured) and business partner and co-owner Mitch Jones would be at the helm of a highly successful boat building company, crafting finely appointed custom boats for some of the industry’s most discriminating owners. Sneed Shipbuilding was founded by Martin M
The Coast Guard is responding to a report of an allision between a tug pushing a barge and a pipeline near Bayou Perot 30 miles south of New Orleans, Tuesday. Coast Guard Sector New Orleans watchstanders received a report that the 47-foot tug Shanon E. Settoon was pushing a 154-foot oil barge when it allided with a pipeline 6 p.m., Tuesday. All crew members were able to exit the tug; the captain reportedly suffered second to third-degree degree burns
Lightering operations completed, flaring operations continue on the pipeline fire. The Coast Guard & assisting agencies continue response operations for a tug and barge that struck the pipeline near Bayou Perot. After the barge was removed from the scene and taken to a secure location, offloading operations were conducted and completed at approximately 3 p.m. Friday. The crude oil from the barge has been offloaded into a separate barge
Conrad Industries, Inc. announced the signing of contracts for the construction of ten vessels totaling $32.3 million and delivery of three vessels in recent months. Offshore Marine Contractors has executed contracts for three 175 foot class 110'x64.5'x9' liftboats, similar to previous liftboats built by Conrad. W.C. Fore Trucking, McCleary Offshore Construction and Inland Barge Rentals have executed contracts for the construction of deck barges that range in size from 120'x30'x7' to
Responders prepare salvage, firefighting & pollution contingencies for a tug and barge that allided with a pipeline near Bayou Pero, south of New Orleans. The fire reportedly has reduced in size by approximately 30 percent, and there are no reports of oil in the water. Visual imagery intially indicated potential pockets of crude oil; however, those areas have been determined to be particulate ash from the liquefied natural gas burn off.
Responders continued to monitor and prepare salvage, firefighting and pollution contingencies for a tug and barge that allided with a pipeline near Bayou Perot 30 miles south of New Orleans Wednesday. All crew members were able to exit the tug; the captain reportedly suffered second to third-degree degree burns. ES & H, the oil spill response organization, is on scene and has mobilized 7,218 feet of containment boom and 6,000 feet of 18-inch containment boom, one cabin boat
Personnel from T&T Salvage aboard the Todd Michael spud barge are on scene for cooling operations of the tank barge. Response operations continue for a tug and barge that allided with a pipeline near Bayou Perot 30 miles south of New Orleans Thursday. Personnel from T&T Salvage aboard the Todd Michael spud barge are on scene for cooling operations of the tank barge. The fire remains stabilized. The Coast Guard has placed temporary flight restrictions over the airspace near the