Columbia Group Announces Two New Companies

Friday, June 13, 2003
The ownership of Columbia Coastal Transport, a container barge operator on the U.S. East and Gulf coasts, announced the addition of two new companies to its Columbia Group of Companies. Palmer Industries, Inc., a logistics company in Port Newark, has been acquired and will be named Columbia Container Services at a grand opening ceremony to take place on July 1, 2003. Also added to the Columbia Group of companies is Columbia Intermodal, a full container trucking company based in Port Newark. Principals of the newly acquired companies include Bruce Fenimore, President, Greg McGinty, Managing Director and John Armstrong, Vice President. “Columbia Coastal Transport has been in the container barge business for 14 years now, and these acquisitions enable us to expand our role as intermodal specialists,” Mr. Fenimore said. “Not only can we provide all-water container services, but now we offer full logistics, trucking, container and chassis repair, and warehousing capabilities to complement carrier operations “Moving ahead into the 21st century, the Columbia Group of Companies is poised to provide carriers with complete intermodal and logistics services,” said Greg McGinty, Managing Director. “By handling these operations for the carriers we serve, they can better focus on their core services.” Columbia Coastal Transport operates 11 U.S.-flag container barges in regularly scheduled feeder service operations to and from ports on the U.S. Atlantic and Gulf coasts, plus Freeport Bahamas. Columbia Coastal also launched its Albany Expressbarge(SM) service recently offering two weekly sailings to and from Albany, NY. The company offers complete project cargo as well as government/military cargo services through its respective divisions.

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

Container Ships

Half a Century at Sea

Siegfried Schmerer already dreamed of becoming a captain as a young boy. Later, as a sailor on a coaster, he suffered from seasickness. Though he thought about giving up,

Advent Hires Banks to Sell Control of Brazil Port

Buyout firm Advent International Corp has hired Morgan Stanley & Co and Grupo BTG Pactual SA to advise on the sale of a controlling stake in TCP Terminal de Contêineres de Paranaguá SA,

Samskip Acquires Euro Container Line AS

Samskip has completed the acquisition of Euro Container Lines AS, building on a strategy for growth in the Nordic area to make its largest ever acquisitive move in Norway.

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar 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: 0.0732 sec (14 req/sec)