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
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
On Thursday, 12th March 2009, another newbuilding for Flensburger´s Turkish customer U.N RO-RO will be delivered on time and will leave the yard on Saturday, 14th March 2009, early in the morning. The main particulars of the ferry are: Length o.a. 193.30 m Breadth 26.0 m Draught 6.45 m Propulsion power 2 x 8,400 kW Crew 23 Speed 21.50 kn
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.
At the Georgia Ports Authority board meeting Monday, Executive Director Griff Lynch reported the GPA achieved an August record of 330,846 twenty-foot equivalent container units, a robust increase of 5 percent compared to August 2015.
Jawaharlal Nehru Port Trust (JNPT), India’s No.1 container port, has commenced holding yard operations in a six-hectare land at the Jawaharlal Nehru Port Container Terminal (JNPCT). approach roads to further ease out congestion and streamline the traffic to the terminal.
Wärtsilä has been awarded the contract to supply a broad range of integrated automation, navigation and dynamic positioning equipment, as well as the complete uninterruptable power systems (UPS) for four new cruise ships. Two of the vessels are being built at the Meyer Werft shipyard in
Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) announced U.S. GAAP net income of $1.4 billion, or $1.93 diluted EPS, for the third quarter of 2016 compared to U.S. GAAP net income for the third quarter of 2015 of $1.2 billion, or $1.56 diluted EPS
Safe navigation is a priority operating principle for the UK’s largest energy Port, the Port of Milford Haven. And earlier this week the Port demonstrated that commitment with the unveiling of its new, state of the art marine navigation simulator.
The Company: Located in Carmi and Fairfield, Illinois and Cocoa, Florida, Elastec manufactures water pollution control products specializing in oil spill recovery equipment. Established in 1990 with the invention of the ELASTEC Drum Skimmer, the U.S
Smart sensor technology and the next level in integrated navigation system – this is what the German navigation system company Raytheon Anschütz showcases during SMM 2016 in Hall B6 at booth 304. “With Synapsis NX the Integrated Navigation System is advancing to the next level
Port of Long Beach CEO Jon Slangerup announced his resignation, effective October 28, 2016. Slangerup will step down as head of the nation’s second largest port to take a position as Chairman and CEO of an aviation technology company effective October 31, 2016.
Vard Electro AS, a subsidiary of Vard Holdings Limited, has secured a new contract for the delivery of an equipment and electrical installation package to Cochin Shipyard Ltd. for a vessel under construction for the Government of India.
The Company: From the design of barge accessories and deck fittings to the day-to-day commitment to customer service, NABRICO is one of the most highly respected names in the water transportation industry. NABRICO started building bridges in 1902 and built its first piece of floating equipment
Alphatron Marine has signed a premium member contract with Chemgas Shipping covering eight gas carriers. The Gas Carriers are fitted mainly with bridge equipment which Alphatron Marine has many years of experience of installing and also supporting these and other high tech navigation and
System integrator and innovator of electrical and automation systems RH Marine has officially launched its own product family brand at the international maritime trade fair SMM in Hamburg last week. RH Marine said product innovation is one of its main focusses
The role of the pilot in mitigating the potential economic and environmental risk from today's large vessels is one of the most important in maritime safety. In recognition of this, the International Chamber of Shipping (ICS) has embarked upon its first comprehensive survey of
U.S. Coast Guard crewmembers are scheduled to enforce security zones on the East River near the United Nations Headquarters beginning Friday. The security zones scheduled to begin Sept. 16, and continue until Sept. 25, 2016, include all waters of the East River between East 35th Street and the
NAVTOR will spend the next three years helping the EU chart a route towards autonomous vessels, as it was selected to represent the maritime industry in the ENABLE project - conceived to prove, verify and validate the safety of autonomous vehicles in Europe