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Foss Tugboats Leave Columbia River

Foss Maritime Co. will lay off its 60 workers and leave the Columbia River, 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.  

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.

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

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’s O'Malley Officially Steps Down

Tidewater Inc. (NYSE:TDW) announced on March 28 that William C. O'Malley, the company's Chairman, President and CEO for most of the past eight years, has officially stepped down as Tidewater's CEO, handing over the reins of leadership to Dean E. Taylor. Taylor, 53, has served as President of Tidewater since October 2001 when O'Malley, 65, announced his impending retirement at the end of March 2002. Taylor's career with Tidewater started in 1978 where he served as an assistant manager in the

Bollinger Delivers 15th FRC to U.S. Coast Guard

Sister Ship of the JOSEPH NAPIER, MARGARET NORVELL operating in the U.S. Gulf of Mexico.

Bollinger Shipyards has delivered the JOSEPH NAPIER, the 15th Fast Response Cutter (FRC) to the United States Coast Guard. The announcement was made by Bollinger’s President & C.E.O., Ben Bordelon. “We are very pleased to announce the delivery of the latest FRC built by

ABS to Class US' First LNG Bunker Barge

ABS has been selected to class an LNG bunker barge under construction at Conrad Orange Shipyard, Inc, a division of Conrad Shipyard, LLC, for WesPac Midstream LLC and Clean Marine Energy LLC (CME), the classification society announced.  

ACL Acquires AEP River Operations

Mark Knoy (Photo: American Commercial Lines)

 Marine transportation service company American Commercial Lines (ACL) announced it has acquired commercial inland barge company AEP River Operations from American Electric Power (AEP).   AEP River Operations is based in Chesterfield, Mo., with operations in Paducah, Ky

Tidewater Declares Quarterly Dividend


  Tidewater Inc. announced that its Board of Directors declared on November 12, 2015, a quarterly cash dividend of $0.25 per share of common stock payable December 15, 2015, to shareholders of record on December 4, 2015. Tidewater is the leading provider of Offshore Service Vessels (OSVs)

USCG Reopens Neches River, Restrictions in Place

Response crews work from a spud barge to conduct salvage and recover operations for the towing vessel Louise on the Neches River near Port Arthur, Aug. 22, 2015.

  The Coast Guard has reopened the Neches River with restrictions to all vessel traffic, Saturday. Vessel traffic is restricted from meeting or overtaking one another 1,000 feet up bound and 1,000 feet down bound near the capsized towing vessel Louise at mile marker 284

MARAD Approves Title XI Loan for Gray Offshore

Julius (Photo: Gray Offshore)

A $12 million Title XI loan guarantee supporting the recent construction of three oceangoing deck barges was recently approved by the U.S. Maritime Administration (MARAD).   The three barges, Julius, Cordie and Gwendolyn, were built by Conrad Industries for barge leasing company Gray

Meeting New Heated Cargo Vessel Regs

TempDistro 300dpi Large WEB.jpg

With the publication of the 2015 Rules for Building and Classing Steel Barges, ABS has amended the rules to require the submittal of a steady state temperature distribution for Oil Tank Barges that carry heated cargos at temperatures greater than 50°C (122°F) and a structural assessment to

Alaska Marine Lines Reduces Fuel Surcharge

Photo: Alaska Marine Lines

Alaska Marine Lines, a marine transportation company providing barge service to and from Alaska and Hawaii, informs it has filed with the U.S. Surface Transportation Board to decrease the fuel surcharge from certain locations as a result of fluctuating fuel costs.  

‘Double Skin’ Oil Barge Delivered to Vane Brothers

Double Skin 509A (Photo: BHGI)

The Vane Brothers Company has taken delivery of a 55,000 BBL double hull oil barge, Double Skin 509A. Bristol Harbor Group, Inc. (BHGI) was contracted by the builder Conrad Industries to develop the design of the 361’ x 62’ x 24.5’, 55,000 BBL double skin tank barge

Turbocharger Overhaul for Tidewater OSVs

Photo: Royston

Marine engineering teams from diesel power specialist Royston Limited have carried out the overhaul of turbochargers on two offshore supply ships operated by Tidewater Marine in the oilfields off the coast of South West Africa.   Royston said its engineers completed the full overhaul of

Richmond Now Destination for CMA CGM

Photo: CMA CGM

 CMA CGM has signed an agreement with the Port of Virginia to add the Port of Richmond as a destination for shippers booking cargo on its ships.   The Port Virginia announced a cooperative effort with ocean carrier CMA CGM that will greatly enhance service at the Port of Richmond

Deck Cargo Barge on Delivery Voyage to Canada

Photo: Robert Allan Ltd.

A 16,000 DWT deck cargo barge, Seaspan 252, was handed over to its owner, Seaspan Marine, in August, 2015.   The barge, 114 meters long by 27.5 meters wide with a depth of 8.4 meters and classed ABS +A1 Barge, was designed by Robert Allan Ltd. of Vancouver, B.C

Seaspan Unveils Massive Barge in Canada

Seaspan 252 (Photo: Paul Hilder)

Seaspan bulks up investment in BC’s marine sector, celebrates addition of fourth new barge in the past 10 months  Seaspan Marine unveiled the newest addition to its marine fleet, a 16,000-metric-ton barge named Seaspan 252, during an official commissioning ceremony at Seaspan’s

AEP to Sell AEP River Ops To ACL

An AEP river tow (File image)

American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL), owned by Platinum Equity, for approximately $550 million. AEP River Operations is a commercial inland barge company

Becker Marine, Kotug Sign MOU for LNG Hybrid Barge

From left to right: Ard-Jan Kooren (KOTUG), Dirk Lehmann (Becker Marine Systems) and Arjan Stavast (Shell Downstream LNG)

Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017. The LNG Hybrid Barge, a floating energy plant, is designed to provide environmentally friendly power for ships in ports

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