Following a detailed six-month study assessing its contract towing requirements, Trailer Bridge, Inc. signed separate long-term agreements that match the best marine power units in the market with the company's vessel assets. In March 2001 Trailer Bridge finalized a long-term agreement with Moran Towing Corporation to exclusively utilize Moran's Heidi class 4,350 horsepower tugs to pull all four of the TBC's currently deployed by Trailer Bridge. This decision followed the excellent results produced through the Company's use of two Heidi class tugs. The Company's TBC vessels are utilized for weekly services between Jacksonville, FL and San Juan, PR, as well as Newark, NJ and San Juan, PR. Ed Morley, Trailer Bridge's Vice President of Marine Operations, stated, "The Heidi class tugs have performed flawlessly for us since March. We have experienced 100% on time arrivals with the Heidi class tug and TBC combination." Trailer Bridge's TBC vessels are the first vessels built for the U.S./Puerto Rico trade in over 15 years. The TBCs are specifically designed for efficient ocean and cargo operations and are the first vessels in the world to exclusively carry 53-foot high cube containers. Trailer Bridge recently announced that it has finalized a long-term agreement with Crowley Marine Services. Under this agreement, Crowley Marine Services will provide two Invader class 7,200 hp tugs to pull Trailer Bridge's two Triple Deck RoRo vessels between Jacksonville and San Juan
Trailer Bridge, Inc. has been accepted as a certified member of the U.S. Customs Service's Customs-Trade Partnership Against Terrorism (C-TPAT) program. U.S. Customs Service granted the approval on October 6, 2003, following a detailed review of Trailer Bridge's Supply Chain Security Profile Questionnaire. C-TPAT is a joint initiative between government and business designed to protect the security of cargo entering the United States while improving the flow of trade. Through C-TPAT, the U
Trailer Bridge, Inc. (NASDAQ: TRBR) announced that it has been notified by the United States Patent and Trademark Office (USPTO) that the Company has received a notice of allowance for its patent application related to the process of loading and unloading containers on its Triplestack Box Carrier™ vessels. Trailer Bridge as assignee had initially applied for this patent in April 1998 and the application has been amended several times following review by the USPTO
Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) reported financial results for the third quarter ended September 30, 2007, summarized by revenue of $28.2m, an operating ratio (operating expenses/revenue) of 90.2% and net income of $0.4m, or $0.03 per share. The Company's third quarter results were negatively impacted by the startup of the Company's new service, which is estimated to have incrementally reduced net income by $0
Trailer Bridge, Inc. (NASDAQ: TRBR) announced that it had priced its offering of senior secured notes due 2011 (the ``Notes''). The Notes were priced at a fixed interest rate of 9.25% and investor interest in the Notes resulted in the overall amount offered increasing to $85 million from the initial offering amount of $80 million. Interest on the Notes will be payable semiannually on May 15 and November 15 of each year
Trailer Bridge, Inc. announced that in a non-final order of the court, the company has been dismissed with prejudice against the named plaintiffs from a lawsuit seeking class action status related to alleged anti-competitive activity in the Puerto Rico marine trade. In an April 30, 2010 ruling by non-final order, the United States District Court for the District of Puerto Rico granted Trailer Bridge’s motion to be dismissed with prejudice from the lawsuit.
In a freak accident that occurred in the Long Island Sound off the coast off Orient Point, L.I., a 65-ft. tractor-trailer rolled off Cross Sound Ferry's 250-ft. vessel, Susan Ann. The first signs of trouble began this morning at approximately 10:30 a.m., when, according to the Police Department, Town of Southold, L.I., the vehicle, a 1989 Western Star Tractor Trailer with the driver inside, broke free -- falling off the rear of the above vessel while in the Plum Gut area of the Long Island
To better serve shippers needing more vessel space and unsurpassed schedule integrity, Crowley Maritime Corporation's Latin America liner services unit will add a new larger, faster Ro/Ro ship to its Central America northern zone service effective Jan. 26. The Stena Shipper, a 19-knot ship with 150 FEU trailer spaces, will replace the M/V Tolosa, which can carry about 105 FEU trailers at 17 knots. She will initially be deployed in Crowley's U.S
The US Naval Forces Central Command issued the following press release: MANAMA, Bahrain - While transiting north in international waters in the Central Arabian Gulf April 24 at approximately 8 a.m. local time, Motor Vessel Westward Venture was approached by two unidentified small boats. Following proper procedure, Westward Venture issued standard queries to the small boats via bridge-to-bridge radio, but received no response
May 13, Jumbo’s mv Fairplayer loaded several heavy lifts in the port of Antwerp, Belgium. Among the cargo were two 625mT coke drums, each 42m long and with a diameter of 10m. The prize lift was a 1200mT vacuum tower. This giant (50m long, 17m diameter) was safely lifted off its supports (including three self propelled modular trailers), all of which were fastened onto a barge. Barge, trailers and tower were positioned in-between the quayside and the Fairplayer.
Raytheon Anschütz Selected as INS Provider for Canada’s OFSV Thales, a major system integrator in Canada, has chosen Raytheon Anschütz as the supplier of the Integrated Navigation System (INS) for the Canadian Coast Guard’s (CCG) new Offshore Fisheries Science
M/V Woods Hole, a 235-foot long passenger ferry built for the Steamship Authority of Woods Hole, Mass., was christened on May 20 at Conrad Aluminum in Amelia, La. The ferry, with a beam of 64-feet, a draft of 10.5-feet and a hull depth of 18-feet
Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt. Fitch stated the AA rating — its highest for U.S. ports — was warranted due to the Port’s strong market position
Wärtsilä has been awarded the contract to provide integrated turnkey electrical solutions for four new RoRo ferries being built at the Flensburger Schiffbau-Gesellschaft (FSG) yard in Germany. The electrical systems to be delivered include all products and services available from
The National Transportation Safety Board is set to resume its search April 18, 2016, for the vessel data recorder of the sunken El Faro cargo ship. The U.S. flagged El Faro sank during Hurricane Joaquin on Oct. 1, 2015. All 33 of the El Faro’s crew perished in the accident.
When cruise liner Crystal Serenity sets off on its 32-day expedition voyage through the Northwest Passage from Anchorage to New York August 16, she will be escorted by the RRS Ernest Shackleton. Crystal Cruises recently secured RRS Ernest Shackleton for the voyage via a charter party
A U.S. Coast Guard helicopter crew located the body of the missing tug boat crewman from the capsized Ricky J Leboeuf near the location of the tug on the San Jacinto river Tuesday at 9:47 a.m. The Air Station Houston MH-65 Dolphin helicopter crew located the man's body and directed rescue
Kongsberg Maritime’s ECDIS training portfolio has expanded with the introduction of an online E-Learning course for familiarisation training on its K-Bridge and K-Nav ECDIS products. Developed in compliance with STCW and ISM, the new course offers more choice for users of KONGSBERG ECDIS by
The Port of London Authority (PLA) has invested £250,000 to upgrade its ship’s bridge simulator, adding a full tug bridge simulator in a move that is set to enable a boost in port trade and helps terminals verify their expansion plans.
Aydin Marine – the manufacturer of industry-leading, type-approved displays, computers and peripherals, announced today the release of a 17-inch multi-touch, sunlight-readable display in its popular KMGBL series of pilothouse and flybridge displays, the KMGBL-17T.
St. Louis-based Byrne & Jones Construction informs it has acquired Midwest Foundation, a Peoria, Ill. marine construction services company. Midwest Foundation installs piling foundations and serves the bridge construction industry including demolition, construction and repair
Carnival Corporation & plc announced today that its Arison Maritime Center in the Netherlands will honor the legacy of the Arison family who founded and grew the company into the world’s largest cruise line operation. The company also announced that construction is now well underway for
The crew from the Coast Guard Cutter Morro Bay welcomed Navy Reserve medical units from Akron, Ohio, and Youngstown, Ohio, in Cleveland Sunday. The visit was designed to familiarize the Navy Reservists with shipboard operations. The cutter crew gave the members of the medical units a tour
Driven by the SOLAS-mandated transition to ECDIS, the adoption of digital navigation is the most visible sign of how navigational practices are being transformed. Additional tools are also playing an important role in supporting bridge teams and delivering accurate navigational information to the
Parade of ships signals start of Fleet Week New York 2016 Now in its 28th year, New York Fleet Week has commenced, with ships from the U.S. Navy, U.S. Coast Guard and Royal Canadian Navy sailing into New York Harbor. The parade of ships