ACL Plans to Build New Covered Hopper Barges

Tuesday, October 13, 2009

American Commercial Lines Inc. (NASDAQ: ACLI) announced that the Company will build fifty covered hopper barges for use by its Transportation Services Division at the Company's Jeffboat manufacturing subsidiary in the first quarter of 2010.

Commenting on the build plan, ACL President and CEO Mike Ryan stated, "We are executing the next phase of our long-term strategic plan. We recently completed the realignment of our field-based Transportation Services management team, establishing new northern and southern region headquarters locations. Now, we are beginning our dry barge replacement program in order to reduce the age of our fleet. This is an ideal time to build barges as we have the best steel prices that we have had in several years. We will continue to scrap our oldest barges and replace them with new high quality Jeffboat barges to improve the quality of our service for our growing customer base. The addition of the new hopper barges will increase the reliability of our service. It will also support our initiative to gain greater efficiency and productivity from our fleet while improving overall long-term profitability."

(www.aclines.com)

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Ultra-deepwater Drillship 'Maersk Valiant' Delivered

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea.

Miami Tugboat Oil Spill: Coast Guard Respond

The US Coast Guard says that its crewmembers are responding to a fuel spill in the vicinity of Government Cut in Miami, following a leak discovered aboard the 95-foot tugboat 'Neptune'.

Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

In the latest Clarkson Hellas S&P Weekly Bulletin newbuilding orders are reported in Far East shipyards for a range of vessels as follows: Bulk carriers Clarkson

Shipbuilding

Ultra-deepwater Drillship 'Maersk Valiant' Delivered

Maersk Drilling advises that its second new drillship, 'Maersk Valiant', has been delivered from the Samsung Heavy Industries (SHI) shipyard in Geoje-Si, South-Korea.

Latest Shipbuilding Contracts Include VLCC Order for Philippine Yard

In the latest Clarkson Hellas S&P Weekly Bulletin newbuilding orders are reported in Far East shipyards for a range of vessels as follows: Bulk carriers Clarkson

Tsuneishi to build shipyard in Indonesia -

Philippine shipbuilder Tsuneishi Heavy Industries Inc plans to expand into Indonesia this year, said CEO Hitoshi Kono, adding that the firm plans to build a shipyard here.

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1115 sec (9 req/sec)