Marine link
 

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’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


Port of Indiana Handles Record Volume

Courtesy Port of Indiana

 The Port of Indiana-Mount Vernon set a new annual shipping record in 2015 by handling over 6.6 million tons for the first time in its 40-year history. This was a 36-percent increase over 2014 and 30 percent higher than the previous record set in 1994


Tidewater Suspend Dividend

Logo

Tidewater Inc. (NYSE:TDW) leading provider of Offshore Service Vessels, announced that its Board of Directors has approved management's recommendation to suspend Tidewater's quarterly dividend and common stock repurchase program.  The dividend and share repurchase program suspension is


Aqualis Offshore Lands Study Job for LNG Barge

Offshore marine and engineering consultancy Aqualis Offshore, part of Oslo-listed Aqualis ASA, has been contracted by Gas Entec Co. Ltd to provide an engineering study of a new-build LNG barge that will operate offshore the U.S. The contract value is undisclosed.   


Inland Vessel Profile: USACE’s Dan Reeves

M/V Dan Reeves (Photo by Richard Dollison)

The newly built M/V Dan Reeves was commissioned in January of 2016 for the United States Army Corps of Engineers (USACE) Little Rock District. Built by Horizon Shipbuilding, Inc., Bayou La Batre, Ala., overseen by the USACE Marine Design


Shell to Charter 15 LNG-powered Barges

Photo courtesy of Shell

Shell Trading Rotterdam BV (Shell) has signed a time-charter agreement with Plouvier Transport NV and Intertrans Tankschiffahrt AG for 15 new inland dual-fuel barges, which will predominantly run on Liquefied Natural Gas (LNG).   The barges, built by the Dutch shipyard VEKA Shipbuilding BV


Vigor Delivers New Towboat to Tidewater

Granit Point (Photo: Tidewater Transportation & Terminals)

Newbuild towboat Granite Point will be deployed in Tidewater’s Columbia & Snake River service in January 2016   Tidewater Transportation and Terminals today marked delivery of the second of a series of three towboats, the Granite Point


BISSO MARINE Acquires Derrick/Pipelay Barge

Photo: BISSO Marine

BISSO MARINE has acquired offshore pipelay industry's stalwart derrick/pipelay barge GLOBAL IROQUOIS. The 400 foot x 100 foot x 30 foot laybarge has performed pipelay operations worldwide and will be renamed BISSO IROQUOIS.   The central part of the barge’s substantial station keeping


Drifting Barge Missed Valhall North Sea Platform

A drifting barge has missed BP's Valhall platform in the North Sea by some two kilometres, a spokeswoman for the Rescue Coordination Centre for southern Norway told Reuters. "The barge drifted past by some two kilometres. The danger is over


Storm Shutters Some North Sea Output

Loose barge drifts by platforms in North Sea; BP platform evacuated, output shut down. A fierce storm in the North Sea forced oil firms to evacuate platforms and shut down production on Thursday on concerns that they could be hit by a drifting barge that had broken its anchor.


U.S. Grain Prices Soar as Floods Shut Waterways

U.S. grain farmers scrambled to find shelter for their crops and handlers hunted for alternative transportation routes, as widespread floods shut waterways from Illinois to Missouri and spurred a surge in physical prices of corn and soybeans.


Heavy Lifter: Spreader Beam Lifting Rig for Bridge Project

The spreader beam lifting rig was used below the hook of a crane barge on the Firth of Forth.

 Rope and Sling Specialists Ltd provided a below-the-hook solution to infrastructure management company Amey to lift a truck-mounted access platform during maintenance on the Forth Road Bridge in Scotland. Amey, on behalf of Transport Scotland


Coal Barges Sink near Vicksburg, Miss.

The towing vessel Ron W. Callegan with 22 barges allided with the Vicksburg Railroad Bridge, near Vicksburg, Miss., after which nine barges containing coal broke free, two of which sank.   The U.S. Coast Guard has implemented a safety zone on the Lower Mississippi River from mile marker 438


Tidewater Subsea Charters MV Brandon Bordelon

MV Brandon Bordelon (Photo: Bordelon Marine)

Tidewater Subsea has reached a deal with Bordelon Marine to charter the newly built Jones Act compliant MV Brandon Bordelon for 60 days, plus options. The vessel is intended to be available to work in the U.S. Gulf of Mexico, Mexico and Trinidad, Bordelon Marine said.


Bearing System Sees No Wear After 20,000 Hours

Inland Barge Services’ push boat Ramona serves the communities along Alaska’s Yukon River (courtesy of Inland Barge Service Inc)

After nine years of operation in the harsh, abrasive waters of Alaska’s Yukon River, aboard Inland Barge Service’s push boat Ramona, Thordon Bearings’ RiverTough water-lubricated tail-shaft bearing system has emerged completely free of wear and tear, according tot the manufacturer


Port of Indiana-Mount Vernon Bests Cargo Record

Photo: Port of Indiana-Mount Vernon

The Port of Indiana-Mount Vernon set a new annual shipping record in 2015 by handling over 6.6 million tons for the first time in its 40-year history. This was a 36-percent increase over 2014 and 30 percent higher than the previous record set in 1994






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright