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
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 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
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
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
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 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
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
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.
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 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
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
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.
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 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
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.
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
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.
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.