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 June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

PMSC Approved to Supply Armed Guards on French Ships

Aspida is the first PMSC to be permanently approved by CNAPS to provide armed guards onboard French flagged vessels.   Maritime security firm Aspida informs that as of June 12,

Maersk Returns to the Port of Baltimore

Maryland Lt. Governor Boyd Rutherford, along with congressional, state and local officials, officially welcomed Denmark-based Maersk Line, part of the Maersk Group

BMT Awarded Port Geographe Coastal Engineering Contract

BMT JFA Consultants (BMT), a subsidiary of BMT Group,  has been awarded a contract by the Western Australian Department of Transport (DoT) to provide services as

Workboats

Injured Fisherman Medevaced off Alaska

An injured mariner was medevaced by U.S. Coast Guard (USCG) personnel near Sand Point, Wednesday, the USCG reported. Watchstanders at USCG District 17 command

Firefighting Vessel Delivered to the US Army

New Orleans based maritime solutions company Technology Associates, Inc. (TAI) informs it has completed its contract for the design and construction of a fast response

Yanmar Diesel Engines for Fast New Crew Tender

The expansion of the number of wind turbines out at sea near the northern Dutch coast was reason enough for Ubels Offshore to expand its fleet with a fifth ship last year.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1357 sec (7 req/sec)