TIDEWATER BARGE LINES
Foss Maritime Co. will lay off its 60 workers and leave the Columbia River, OregonLive.com reported. OregonLive said the Seattle company will sell its Columbia River business to Tidewater Barge Lines, which moves grain and other cargo along the Columbia-Snake river system, pitting Tidewater against Shaver Transportation Co. in another line of business, transporting river pilots and maneuvering large cargo vessels in and out of ports. OregonLive.com
Tidewater Barge Lines, headquartered in Vancouver, Wash., has appointed Stephen A. Frasher as president and COO. Frasher, who holds an MBA from New York University, has 27 years of experience in the transportation industry, including time with Burlington Northern and Conrail.
Tidewater Inc. will build new vessels for a total of about $300 million. The company plans to fund the program using its current cash balances, which exceed $150 million, its projected cash flow and its existing $200 million line of credit. Currently, Tidewater is debt-free. The new vessels will include large Anchor Handling Towing Supply vessels and large Platform Supply vessels, company officials said. The company expects delivery of the new vessels to begin in two years
Tidewater Inc. signed contracts to build a total of 12 new vessels for $305 million, electing to build eight vessels at two Far East shipyards and four at its subsidiary, Quality Shipyard L.L.C. The $305 million in new build commitments - which fulfills its January 2000-announced plan to spend $300 million upgrading its fleet - falls on the heels of Tidewater's recent purchase of eight similar vessels from The Sanko Steamship Co., Ltd.
Tidewater Inc. (NYSE:TDW) announced today that Dean Taylor, its President and CEO since March 2002, will retire as an executive officer of the company effective May 31, 2012, after a 34-year career with Tidewater. Mr. Taylor will remain on the Board of Directors, and serve as Tidewater’s non-executive Chairman of the Board. Jeffrey M. Platt will become Tidewater’s new President and CEO effective June 1, 2012
LEEVAC Shipyards Jennings LLC, Jennings, LA, announced it has signed contracts with Tidewater Marine, LLC of New Orleans, LA to build two LEEVAC Design Services “LDS ” Platform Supply Vessel (PSV), a 300’ x 62’ x 24’ diesel electric PSV with options for two additional vessels. The LDS 300 DE PSV will have a deadweight capacity of 5400 LTs and will carry more than 17,600 barrels of liquid mud
Tidewater has noted that its executive vice president and CFO, Ken C. Tamblyn will retire on August 31. Following a 20-year career as a partner with the accounting firm KPMG, Tamblyn joined the company as CFO in 1986. J. Keith Lousteau, Tidewater's senior vice president and treasurer was appointed Tamblyn's successor. A 23-year veteran of the company, Lousteau will assume the position of CFO. Tidewater also promoted Joseph M
Tidewater has noted that its executive vice president and CFO, Ken C. Tamblyn, will retire on August 31. Following a 20-year career as a partner with the accounting firm KPMG, Tamblyn joined the company as CFO in 1986. J. Keith Lousteau, Tidewater's senior vice president and treasurer was appointed Tamblyn's successor. A 23-year veteran of the company, Lousteau will assume the position of CFO. Tidewater also promoted Joseph M
New Orleans-based Tidewater Inc. reported its second quarter earnings recently, citing improving rental rates throughout international markets. During the quarter that ended Sept. 30, Tidewater posted net earnings of $86.5m, or $1.56 per share. In the same period a year ago, the company reported net earnings of $104.2m, or $1.86 per share. The higher earnings a year ago were boosted by the sale of 11 vessels. Tidewater officials said improving rental rates are keeping the company on a
Tidewater Inc. (NYSE: TDW) announced the promotions of Nelson Greer, Mark Handin and Darren Vorst to Vice Presidents of Tidewater companies, effective April 1, 2011. Greer joined Tidewater in 1982, after completing 13 years in the British Merchant Marine. He completed the Harvard Business School General Management Program in 2006, and holds a Chief Engineer Unlimited Class 1 Engineering License. In his various management positions with Tidewater, he has been based in Angola, Nigeria
For approximately eight weeks, marine site investigation works involving sediment sampling will be carried out within the New Yau Ma Tei Typhoon Shelter bounded by straight lines joining the following coordinates (WGS 84 Datum) from (A) to (B) and (C) to (D) and the adjacent breakwater and
Stevens Towing of Charleston, South Carolina has sold their U.S flag, twin screw tug “Island Fox” (ex Pt. Brower, Arctic Knight, Arctic Fox) to private foreign buyers. Marcon International, Inc. adds that they acted as broker for the sellers
EMA/IMA has just completed an in-depth analysis of the floating production sector. Highlighted below are some key findings in Floating Production Systems: assessment of the outlook for FPSOs, Semis, TLPs, Spars, FLNGs, FSRUs and FSOs. Inventory of floating production systems now at 277 units
OSV fleet owners Tidewater have elected the recently retired President of FMC Technologies, Robert L. Potter to join its Board of Directors for a term beginning December 1, 2013 and expiring in July 2014. Robert L. Potter will retire from his position as President of FMC Technologies
At least 10,000 people are feared dead after Typhoon Haiyan bombarded the Philippines last Friday, November 8, with death toll figures expected to continue rising. The storm, recorded as one of the most powerful in history to hit land, produced wind gusts of more than 200 miles per hour
The Lynden family of companies welcomes Northland Services, a marine transportation company providing shipping between Seattle, Alaska and Hawaii. Northland is a dynamic company with talented people and a great reputation," says Lynden President and CEO Jon Burdick
Argosy Barge Lines, LLC of Bellaire, Texas, accepted the Madelaine-D 2502 as the newest addition to their fleet in March 2013. The ABS-classed deck barge was built by Sterling Shipyard of Port Neches, Texas. The barge was designed by Bristol Harbor Group, Inc
Innovation is a theme rippling through Holland’s robust maritime industry. From ropes and winches to hull and crane design, Dutch marine engineers repeatedly answer the call for safe, efficient marine operations. An exemplary display of genuine Dutch innovation can be found at Barge Master
The launch of the new Platform Supply Vessel (PSV) 'MV Torrens Tide' at the company's Houma shipyard was safely accomplished in just 9 seconds, but ship's namesake Mary Torrens said she would have driven twice as far to witness her vessel take the plunge.
The crew of the Crowley Maritime Corp. tug 'Siku', operating in Western Alaska, recently rescued six men adrift in the Bering Sea. Shortly before the incident, the men’s 21-foot, aluminum skiff ran out of gas in Hooper Bay and was being quickly blown out of the bay and into increasingly
Offshore Service Vessel owner Tidewater Inc. with a group of institutional investors have executed a $500-million senior unsecured note purchase agreement. Proceeds from the issuance of the notes will be used to (i) refinance borrowings under the company’s existing $600 million revolving
Martek Marine has supplied 125 Navgard Bridge Navigational Watch Alarm Systems (BNWAS) to Tidewater’s fleet on the coast of Africa, in a significant six figure contract. Martek’s Navgard was reportedly chosen because it is particularly easy to install and fully complies with the
With a family of three yards located along the Gulf of Mexico in Alabama, Mississippi and Texas, Signal International offers new construction, rig and ship repair, offshore and technical services. Marine construction and repair needs are complimented by three dry docks; a 30,000-ton lift rig dock
Signal International has announced delivery of the MARMAC 304, the second new 300’ x 100’ x 20’ ABS ocean classed deck barge built for McDonough Marine Service by Signal’s Orange, TX Division this year. The barge was designed with an ABS load line maximum cargo capacity
Coast Guard Sector Columbia River in Warrenton, Ore., received a call from personnel at the Tidewater Barge facility informing them that one of their loaded grain barges was missing from the Hayden Island staging area between Portland, Ore., and Vancouver, Wash.