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
The U.S. Coast Guard has fully reopened the Intracoastal Waterway (ICW) near Bolivar Peninsula, Texas Monday at 9:15 p.m. Monday, after closing it for a barge collision earlier in the day. At approximately 1:20 a.m. Monday, a collision occurred at ICW mile marker 349 involving two
Dredging NZ has been fined $79,500 and ordered to pay $42,000 in reparation after the death of a worker, crushed on a dredging barge in West Park Marina, Auckland, on November 19, 2013, Maritime New Zealand reported. Peter Bateman died after being crushed between an excavator and the wall
Mitsui O.S.K. Lines, Ltd. today announced the signing of a Joint Venture Agreement with SahaThai Terminal Co.,Ltd., a container terminal operation company in Thailand, to establish a new barge terminal operation company in Bangkok. The new company, called Bangkok Barge Terminal Co., Ltd
Optimized Tug-Barge System Designs by Robert Allan Ltd. by David R. Connand Robert G. Allan, P.Eng. Some veteran Mississippi pushboats and barges have been transported to South America for second careers. However, conditions on a great river like the Paraguay-Paraná are different
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.
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
Maersk Line, has appointed GAC to provide husbandry services for its vessels calling at Hong Kong. Maersk Line is part of the Maersk Group, headquartered in Copenhagen, Denmark. It operates 608 container vessels and has 374 offices in 116 countries
This edition of MarineNews headlines the increasingly diverse articulated tug-barge (AT/B) units which are beginning to make up a large percentage of the domestic merchant fleet. Conventional, less expensive towed barges are much slower than the traditional ships they replaced
Venezuela's request to review a $46 million compensation claim it has been ordered to pay to oil service company Tidewater was rejected and the stay on the award's execution lifted, a World Bank tribunal said in a decision posted on its website on Wednesday.
The Islamic Republic of Iran Shipping Lines and the country’s leading ports operator, the Tidewater Middle East Maritime Company, have been removed from the US list of companies designated for sanctions and assets freeze, reports Press TV.
Dive and salvage teams worked to remove debris used as anchor blocks by environmental activists protesting Shell’s Arctic drilling aboard a barge in Seattle’s Alki Seacrest Park on May 19. A dive team from Global Diving & Salvage, Inc
The Ledcor Group of Companies announced that it has taken delivery of six new cargo barges to serve clients in southwest B.C. Ledcor said its marine division has grown significantly since its inception in 2012 and is on target to double its fleet size by 2016