Marine link
 

Barge Fleet

Kirby Buys Towboats, Barges from Coastal

Kirby Corp. signed an asset purchase agreement with Coastal Towing, Inc. to purchase from Coastal seven black oil tank barges and 13 inland towboats. The transaction, estimated at $17.1 million in cash, is being financed through Kirby's operating cash flow and available credit under Kirby's bank revolving credit agreement. Kirby and Coastal have also entered into a Barge Management Agreement whereby Kirby will serve as manager of the combined black oil tank barge fleet, which will include Coastal's 51 remaining barges and Kirby's 65 barges, for a period of seven years. In a related transaction, on September 25, 2002, Kirby purchased from Coastal three black oil tank barges for $1.8 million in cash. Coastal is engaged in the inland tank barge transportation of black oil products along the Gulf Intracoastal Waterway and the Mississippi River. The ten tank barges purchased by Kirby and the 51 tank barges to be managed constitute all of Coastal's active tank barge fleet. Transported black oil products include products such as asphalt, No. 6 fuel oil, coker feed, vacuum gas oil, crude oil and ship bunkers (ship engine fuel). Black oil products volumes represent approximately 10% of Kirby's marine transportation segment's revenue. The remaining 90 percent of marine transportation revenue historically consists of approximately 60 percent petrochemical volumes, 20 percent refined petroleum products volumes and 10 percent agricultural chemical volumes


McDonough Launch First of Seven Spud Barges

Photo: McDonough Marine Service

McDonough Marine Service has launched the first in a series of seven new inland spud barges. The spud barges are being constructed at Yager Marine Industries in Owensboro, Kentucky and range from 110’ to 140’ in length. The first of the series to be launched is the KS 4011 with the dimensions of 110’ x 40’ x 7’6”. The barge was designed with a boxed stern that provides maximum flotation during crane operations


Memco Barge Line Sold for $270M

American Electric Power Co. Inc. signed a definitive agreement with Progress Energy Inc. to buy its MEMCO Barge Line Inc. for $270 million, in a deal AEP said would immediately add to its earnings. Columbus, Ohio-based AEP said its AEP Resources Inc. wholly-owned subsidiary will buy 1,200 hopper barges and 30 towboats from Electric Fuels Corp., a Progress subsidiary, making AEP one of the leading barge operators. "The coupling of the MEMCO barge assets with our existing fleet will add


Kirby Corporation Purchases Tank Barges

Kirby Corporation announced the purchase of the stock of Coastal Towing, Inc., the owner of 37 inland black oil tank barges, for approximately $19.3m. Kirby has been operating the Coastal tank barges since October 2002 under a barge management agreement. Kirby also announced the purchase of 21 tank barges from Cypress Barge Leasing, LLC for $15m in cash. Kirby has been leasing the barges since 1994 when the leases were assigned to Kirby as part of Kirby's purchase of the tank barge fleet


USCG Issues Upper Mississippi Safety Advisory

The U.S. Coast Guard has issued a safety advisory for a 24-mile stretch of the upper-Mississippi River near St. Louis due to high water conditions. From mile marker 160, near the mouth of the Meramec River south of St. Louis to mile marker 184 near St. Louis, vessels were advised against downstreaming operations. The advisory may become mandatory later on Tuesday if water levels keep rising. Downstreaming is a barge fleeting procedure where a towboat approaches a barge fleet from upstream


Postal Service to Honor Barge Fleeting

U.S. Postal Stamp: Barge Fleeting, an aerial view of towing vessels.

U.S. Postal Service to dedicate Earthscapes Forver stamps to include "Barge Fleeting," an aerial view of towing vessels.   WHAT: The United States Postal Service will dedicate a series of Forever Stamps entitled “Earthscapes,” one which features an aerial view of Kirby Corporation’s Apollo and Enterprise Marine Services LLC’s Taurus commercial tow boats positioning themselves against liquid tank barges in the Old River Barge Fleeting area near the


Kirby Signs Agreement With Coastal Towing

Kirby Corporation announced the signing of an asset purchase agreement with Coastal Towing, Inc. ("Coastal") to purchase from Coastal seven black oil tank barges and 13 inland towboats. The transaction, estimated at $17.1 million in cash, is being financed through Kirby's operating cash flow and available credit under Kirby's bank revolving credit agreement. Kirby and Coastal have also entered into a Barge Management Agreement whereby Kirby will serve as manager of the combined black


Ingram Makes Historic Fleet Investment

Ingram Barge President & CEO Craig Philip Ingram Barge Company announced it has placed an order for up to 20 new 10,000-barrel double-skin tank barges - the largest new construction addition to Ingram's fleet of tank barges since 1976. Ingram Barge is the largest inland carrier in America with more than 130 towboats and nearly 4,000 barges operating on the Mississippi, Ohio, Illinois, Tennessee and Cumberland rivers and the Gulf Intracoastal


Hercules Offshore Selects RigNet Communications Solutions

RigNet, Inc., a provider of managed remote communications solutions for the upstream oil and gas industry, recently announced the expansion of its contract with Hercules Offshore to provide managed remote communications to its fleet of jackup drilling rigs and U.S. Gulf of Mexico-based inland barges. Under the previous contract, RigNet provided managed communication services to most Hercules Offshore rigs operating outside of the United States


ACL Adds Eight Tank Barges

American Commercial Lines Expands Liquid Cargo Fleet With Purchase of Eight 20,000 Barrel Capacity Tank Barges.   American Commercial Lines (ACL) today announced the purchase of eight 20,000 barrel capacity tank barges from SeaRiver Maritime Inc., a subsidiary of Exxon Mobil Corporation. The purchase will expand ACL's fleet of 325 tank barges, which transport liquid cargoes, including chemicals, petroleum and renewable fuels throughout the U.S. inland waterway system


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


Near-Record Volume for Burns Harbor Port

Port Of Indiana-Burns Harbor Courtesy Port of Indiana

The Port of Indiana-Burns Harbor handled 2.8 million tons of cargo in 2015, the second highest tonnage in over two decades. Following 2014's all-time record volume, the year marked only the third time the port handled 2.8 million tons or more in the port's 45-year history.  


Kirby Buys Seacor’s Inland Tank Barge Fleet

Photo: Kirby Corporation

 Kirby Corporation has agreed to purchase the inland tank barge fleet of SEACOR Holdings Inc. from subsidiaries of Seacor for approximately $88 million in cash. The asset purchase will consist of 27 inland 30,000 barrel tank barges and 13 inland towboats, plus one 30


West Calcasieu Port to Undergo Waterfront Upgrade

West Calcasieu Port officials have awarded a $1.6 million construction contract to Orion Marine Construction, Inc. for the replacement of bulkheading along the port’s waterfront on the Gulf Intracoastal Waterway.   “The West Cal Port Board of Commissioners was impressed with the


Construction Starts on Crowley’s 2nd LNG ConRo Ship

Image: Crowley

Construction begins on Crowley’s second Commitment Class, LNG-powered ConRo ship for use in the Puerto Rico trade   Shipbuilder VT Halter Marine, Inc. has officially started the construction of Taíno, the second of two liquefied natural gas (LNG)-powered


Ledcor Adds Six New Cargo Barges

Photo courtesy of Ledcor Group

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


Keel Laid for Crowley’s 2nd LNG ConRo Ship

Photo: Crowley

The keel for the second Commitment Class liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ship for Crowley Maritime Corp.’s liner services group was laid yesterday during a ceremony at shipbuilder VT Halter Marine, Inc


MN 100: AEP River Operations

President: Keith Darling

AEP River Operations offers the largest covered hopper fleet of any carrier. Complementing its barge operations is a fleet of over 80 boats ranging in power from  1,550 to 11,000 hp. The Company: Headquartered in St. Louis, Missouri, AEP River Operations is a barge company offering service


Shipbuilding: Crowley's First LNG ConRo Ship on Schedule

Image: Crowley

Construction of the first of two liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships for Crowley Maritime Corporation’s liner services group is now 25 percent complete, the company announced.


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


New Barge Fleeting and Switching Operation in Cairo Harbor

 American River Transportation Company (ARTCO), a subsidiary of Archer Daniels Midland Company (ADM), today announced plans to launch new barge fleeting and switching operations in the Cairo, Illinois, harbor starting January 1, 2016.   


VT Halter Launches Barge for Bouchard

Photo: VT Halter Marine

VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems) and Bouchard Transportation Co. announced that Barge B. No. 272 was launched on November 20, 2015. This is the second barge of two Articulated Tug Barge (ATB) units constructed for Bouchard


Cenac Towing Acquires Main Iron Works, Christens New Tug

Cenacs 72’x30’, Tier 3 compliant innovative push boat

Cenac Towing Company (Cenac Towing), a third-generation owned global marine transportation company, announced continued growth despite the oil and gas industry’s downturn.   Recently, Cenac Towing acquired Main Iron Works, a tug construction company, and this week


Crowley Selects Fuel Supplier for LNG Containerships

Image: Crowley

Crowley Puerto Rico Services, Inc. has selected Eagle LNG Partners as the liquefied natural gas (LNG)-supplier for the company’s new LNG-powered, Commitment Class ships, which will be delivered in 2017 for use in the U.S. mainland to Puerto Rico trade






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