TIDEWATER BARGE LINES
Foss Tugboats Leave Columbia River
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 Elects President
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 To Build New Vessels For $300M
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 To Build 12 New Vessels
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 CEO Taylor to Retire
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
Tidewater Orders Two LEEVAC Platform Supply Vessels
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 CFO To Retire
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 CFO To Retire
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
International Markets Keep Tidewater Earnings Strong
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 Promotes Greer, Handin & Vorst
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
Crowley's 'Alert' Tugboat Commended for Alaska Rescue Tow
Representative Eric Feige from the Alaska State Legislature presents a letter of commendation to the 'Alert's crew for their rescue tow of drill barge 'Kulluk'. The captain and crew were recognized for their courage, teamwork and professionalism during the emergency rescue tow of the drill
Infrastructure for Alaska’s LNG and Other Resources
Trans Arctic Shipping Routes (TASR) It is time for the global maritime industry to push development of Trans Arctic Shipping Routes (TASR) and port facilities along Alaska’s northern coast. Not only for shipping goods from the Pacific to Atlantic and vice versa
ACL Selected to Serve on the IWUB
American Commercial Lines (ACL) has been selected to serve as a representative on the Inland Waterways Users Board (IWUB), an advisory board established to monitor the Inland Waterways Trust Fund (Fund) and make recommendations to the Army Corps of Engineers and to Congress on investment
McDonough Launches New Ocean-going Barge
McDonough Marine Service announced the launching of a new barge, Marmac 303 (300 feet by 100 by 20), the second in a series of new ABS ocean classed deck barges commissioned by the barge and marine transportation company. The Marmac 303 barge was designed with an ABS Load line maximum
Valentine Receives New Lay Barge
Valentine Maritime’s new derrick equipped pipe laying barge has accommodation for 300 people and a 1,600-ton crane mounted on a 120 by 31.7 meter (393.6X104-foot) barge. VM’s DLB1600 was built over a three-year period at the Nanjing Tianshun Shipbuilding Co. Ltd., in China
Tidewater to Acquire Troms Offshore Supply
US Firm, Tidewater, agrees with HitecVision to purchase Norway's Troms offshore, including 5 large PSV's. Tidewater say that the acquisition of Troms Offshore, headquartered in Tromsø, Norway, will expand their global footprint into the Norwegian sector of the North Sea and supplement
China Supplies Maersk Triple-E Hull Modules
Hull modules for the huge container ships are being built in Shandong and delivered by barge to South Korea' Daewoo Shipbuiding yard. Twenty of the ships, which can each carry 18,270 20-foot containers and at 399.25 metres long, are being built for Maersk Line by South Korea's Daewoo Shipbuilding
Tank Barge Delivered to Progressive Barge Line
PBL 3421 was delivered by Raymond & Associates, LLC, Bayou La Batre, AL, to Progressive Barge Line, Inc., New Orleans. PBL 3421 is the first of two barges, both 297.5 x 54 x 12 ft. inland service double skin tank barges, each witha cargo capacity of about 4700 short tons at 11.5 ft
JK Fabrication’s Emergency Towing Reel
You’ve got an emergency towing wire. Of course you do. It’s rusted beyond belief, probably retired from primary service two years ago when it developed that kink and those nasty fishhooks. And, it’s deployed where it should be; out on deck, in the open and exposed to the elements
Marcon International Brokers 3,000-hp Tugboat Sale
After 6 months of charter Marigny Tug LLC of St. Augustine, Florida has closed on the purchase of the U.S. flag tugboat “Leslie Foss”. Prior to the sale, the twin-screw, sheer bow, ocean tug “Leslie Foss” (ex-Caribe Pioneer) had been on charter from Foss Maritime of Seattle
FMT Industries Orders Four Additional Tank Barges from TY Offshore
TY Offshore, LLC announced that FMT Industries ordered four additional 297’6” x 54’ x 12’, 30,000 barrel tank barges. With this new order and options for additional barges, TY Offshore will build up to 34 barges for FMT Industries
Commercial Barge Line Company Announces Results
Highlights Adjusted EBITDAR of $232.1 million for the year -- a 33% increase over prior year Operating income of $61.1 million for the year -- an increase of $57.4 million compared to prior year
Bulk Transport Leadership: Dan Martin
Drought and ensuing low river levels continue to affect the inland industry. Low water between St. Louis and Cairo, Illinois has threatened traffic on the Mississippi River since December. For months, dredging operations have slowed vessels at points along the river's course
Bulk Transport Leadership: Merritt Lane
Drought and ensuing low river levels continue to affect the inland industry. Low water between St. Louis and Cairo, Illinois has threatened traffic on the Mississippi River since December. For months, dredging operations have slowed vessels at points along the river's course
Bulk Transport Leadership: Terence Gomez
Drought and ensuing low river levels continue to affect the inland industry. Low water between St. Louis and Cairo, Illinois has threatened traffic on the Mississippi River since December. For months, dredging operations have slowed vessels at points along the river's course