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

People & Company News

Location of New Port Expansion Projects: Analysis

When it comes to port development, many governments now favour letting the market decide where expansion should take place, whereas most other transport infrastructure,

Europe Sleep Walking into an Energy Crisis: Analyst

The downing of flight MA17 has prompted calls for further sanctions on Russia targeted at its energy sector. Douglas-Westwood in its 'DW Monday' analysis considers

GAC North America Passes the Helm to Schensema

GAC says it  has moved Claus Schensema to Houston, Texas, where he will take up the post of Managing Director of GAC North America Logistics. Schensema brings

Workboats

HydroComp to Hold Propeller 'Mini-Workshop'

A special version of HydroComp's intensive Propeller Workshops will be brought to Tampa before the start of IBEX 2014.   The Mini-Workshop is a special version

Crowley Christens New DP2 Tugboat

Crowley Maritime Corp. said that the third of four tugboats in the Ocean-class series, Ocean Sky, has been christened in Houston. The ceremony served to formally

Samudra Containership Rationalisation Hits Revenues

Diversified Singapore-based containership owners Samudra Group reports registered revenue of USD 96.9 million for the second quarter ended 30 June 2014, a 7.6% decline from USD 104.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1200 sec (8 req/sec)