Kirby Buys 94 Inland Tank Barges

Wednesday, December 18, 2002
Kirby Corporation purchased from Union Carbide Finance Corporation, a subsidiary of Union Carbide Corporation, 94 inland tank barges for $23 million in cash. Nine of the 94 tank barges are currently out-of- service and will be sold. Kirby has operated the tank barges since February 2001 under a long-term lease agreement between Kirby and Union Carbide Finance Corporation. Joe Pyne, Kirby's President and Chief Executive Officer, commented, "The 85 in-service inland tank barges are all double hull. We anticipate this transaction to be marginally accretive to our 2003 earnings, as the integration of the leased tank barge fleet was completed during the 2001 third quarter." Kirby Corporation, based in Houston, Texas, owns or operates 937 inland tank barges and 219 inland towing vessels.
Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Woman Medevaced from Cruise Ship off SouthWest Pass

The Coast Guard medevaced a 50-year-old woman from a cruise ship 225 miles southeast of Southwest Pass, Saturday. Watchstanders at Coast Guard District 8 received a call at approximately 9 a.

Demands for Icebreaker Tours Spiral

Plans to terminate commercial tours to the North Pole on the nuclear-powered icebreakers of the Atomflot company in 2016 have surged the demand for these tours.

New Chair for Townsville Port

The Palaszczuk Government has appointed one of Queensland’s most respected businesswomen, Renita Garard as the new Chair of the Port of Townsville. In a statement released earlier today,


Tuco Debuts New Dive and ROV Support Boats

Denmark’s Tuco Marine has revealed its new dive support and ROV Support boat designs. The two new vessels complement the designer’s range of ProZero workboats and

SubM Debut Now Set for February 2016

Outsourcing, E-Solutions Help Mariners “Say What You Mean, Mean What You Say, and Prove it.” The perennial “Year of Subchapter M” has been kicked forward again, this time to February 2016.

Regulations for Singapore's Kusu Pilgrimage Season

The 2015 Kusu Pilgrimage season will commence on 13 October 2015 and end on 11 November 2015. During this period, many ferries and harbour craft carrying

Maritime Careers / Shipboard Positions Maritime Contracts Offshore Oil Pipelines Pod Propulsion Port Authority Ship Repair 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: 0.3586 sec (3 req/sec)