INSIGHTS: Peter Stephaich
Chairman & CEO, Campbell Transportation Company.Peter H. Stephaich is Chairman and CEO of Blue Danube Incorporated and Campbell Transportation Company. Currently, he is also Chairman of the Board of the Waterways Council, Inc. (WCI). Peter also serves on the Board of Directors of Blue Danube, a position that he has held since 1982. Serving the barge industry for over 30 years in a number of key roles, he also counts among his many qualifications his tenure(s) as Past Chairman and Past Treasurer of the American Waterways Operators (AWO)…
Puget Sound Reports Container Volume Growth
Less congestion and efficient cargo movement helped international container volumes through the Puget Sound gateway improve 14 percent in June compared to June 2014, the port reported. Cargo has been rerouted through the ports of Seattle and Tacoma as other U.S. West Coast ports continue to struggle with congestion stemming from the contract negotiations between the Pacific Maritime Association and International Longshore and Warehouse Union earlier this year. Through the first half of the year, volumes remain stable with the Puget Sound gateway handling nearly 1.8 million TEUs, a 3 percent gain year to date, the port said. Containerized exports improved 5 percent on the year to 628,718 TEUs, while imports grew nearly 3 percent to 715,307 TEUs.
Ten Most Frequently Observed Towing Vessel Deficiencies
The U.S. Coast Guard’s Towing Vessel National Center of Expertise (NCOE) recently conducted an analysis of all deficiencies recorded by CG field personnel while Examining “uninspected towing vessels” (UTV) under the Towing Vessel Bridging Program and through other activities. The purpose of this analysis was to provide information and visibility on the most common UTV deficiencies list to share with UTV owner/operators in order to assist them in identifying and correcting common problems. In May of this year, they issued a comprehensive list that workboat operators – no matter what sector in which they operate – will find enormously helpful.
Horizon Lines Continue to Improve Financial Performance in Q2 2013
Horizon Lines, Inc. reported financial results for the fiscal second quarter ended June 23, 2013 with an almost doubled EBITDA from the same period last year. "Horizon Lines second-quarter adjusted EBITDA nearly doubled from the same period a year ago, driven largely by reduced vessel charter expense, lower dry-dock transit and crew-related expenses, lower fuel consumption, higher non-transportation revenue, reduced overhead and gains on the sale of assets," said Sam Woodward, President and Chief Executive Officer. "The positive factors driving adjusted EBITDA growth were partially offset by reduced container volume and increased vessel operating expenses.
