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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

(Image: Courtesy Tidewater Inc. www.tdw.com)

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

Photo: LEEVAC

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


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 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


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


Update: Runaway Barges Recovered

Towing vessel Joyce Hale recovers one of two barges that drifted into piers of the Starved Rock Dam in Utica, Ill. The vessel was pushing eight barges of dry cargo on the Illinois River Sunday when four barges broke free. (USCG photo)

Two barges that drifted against piers of the Starved Rock Dam in Utica, Illinois Sunday afternoon have been safely recovered, the U.S. Coast Guard (USCG) reported.   One of the barges, carrying corn, was recovered Sunday evening, while the second barge, carrying sand


Crewboat Merlin Tide Sold to European Buyers

Photo: Marcon International

Marcon International, Inc. of Coupeville, Washington has announced that Tidewater Marine International Inc. has sold its44.2m x 8.1m x 3.6m depth / 1.7m draft, 168mtdw, high-speed, aluminum crew / supply vessel Merlin Tide\ to private European operators for continued operation in oilfield service


Crowley Adds Sailings from North Atlantic to Puerto Rico

Crowley Maritime Corp. informs its liner services group will add sailings between Pennsauken, N.J., and San Juan, Puerto Rico, this summer. The company has served the Puerto Rico market since 1954.   “With our accelerated sailing schedule


New Propulsion Concept : Multi-function PowerhouseTug &

POWERHOUSE TUG & BARGE SYSTEM

  The multi-function PowerhouseTug & Barge (PTB) system is a novel design that utilizes electric propulsion in the barge and a tugboat with a set of generators as a power pack. This concept has two basic differences with traditional ATB (Articulated Tug & Barge) system


Hung Hom Dredging Kicks Off

Image: Marine Department of the Hong Kong Special Administrative Region (SAR)

 Marine works involving dredging operations will be carried out near the Hong Kong Coliseum, Hung Hom for the next ten months, according to mardep.gov.hk.   The works will be performed by one grab dredger and one hopper barge. One tug and one workboat will provide assistance.  


Jeffersonville Port Sets Quarterly Shipping Record

The Port of Indiana-Jeffersonville recorded the highest quarterly shipments in its 30-year history during the first quarter of 2015. Cargo volume exceeded 800,000 tons, up 10 percent from the previous record set in the first quarter of 2014.  


Germany Mulls Maritime Ties with Iran

Image: Rudolf Schepers GmbH & CO. KG

 Germany and Iran seeks to develop economic relations in the field of maritime trade and ports for increasing the trade volume between the two countries, reports PressTV.   German Ambassador to Tehran Michael Baron von Ungern was quoted by Fars news agency as saying that increased


VT Halter Launches Barge for Bouchard Transportation

Photo courtesy of Bouchard Transportation

Bouchard Transportation Co., announced the launch of Barge B. No. 270, the first of two Articulated Tug Barge (ATB) units constructed by VT Halter Marine, Inc., a company of Vision Technologies Systems, Inc.   The barge was launched at the Pascagoula Shipyard Operations in Pascagoula


Dredger Conversion and Upgrade

Photo: Dredge Yard

Dredge Yard, a company specialized in dredging and mining components, equipment and technologies, shares insight  into the upgrading of equipment, modification of dredging system and conversion of existing vessels into dredgers.   


USS Cairo: Crew Safety and Fleeting Efficiency

Photo courtesy of Carline Industries

Over that past 15 to 20 years there has been a revolution in U.S. ship docking tugs. Larger container ships and tankers made obsolete the conventional single and twin propeller tugs that could serve either line haul or ship docking functions


Tidewater Declares Quarterly Dividend

Board of Directors

  Tidewater Inc. announced that its Board of Directors declared on May 14, 2015, a quarterly cash dividend of $0.25 per share of common stock payable June 15, 2015, to shareholders of record on June 5, 2015. Tidewater also announced today that its Board of Directors has approved an


Seaspan Marine Names Reynolds President

Bart Reynolds (Photo: Seaspan)

Bart Reynolds has been hired to take over as president of Seaspan Marine, the company announced today.   Appointed to lead Seaspan’s Marine Division, Reynolds joins the company with more than 20 years of experience in leadership positions and senior management.   


Barge Accident off Malaysia: 14 Lost

Image by Malaysian Maritime Enforcement Agency (MMEA)

 The Bolivian-registered Ocean Line 208 vessel, which was carrying sand, was hit by a huge wave at 4.20am today early morning and 14 people are feared to have drowned.   The barge carrying sand from Pengerang in Malaysia overturned after being hit by strong waves off Timur Tanjung


BW Offshore FPSO Inspected Off Nigeria

Goldblatt Tide (Photo: Tidewater Subsea)

Tidewater Subsea & T1 Marine complete BW Offshore FPSO inspection offshore Nigeria     Tidewater Subsea, in affiliation with its local Nigerian joint venture company, T1 Marine, has completed mooring and hull inspections program for BW Offshore's Sendje Berge FPSO.  


Barges Break Free, Hit Starved Rock Dam

U.S. Coast Guard photo

The U.S. Coast Guard is working the the U.S. Army Corps of Engineers and the owners of a tug and barges to quickly and safely move two barges that drifted into the protection walls of Starved Rock Lock and Dam in Utica, Illinois, Sunday afternoon.  






 
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