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Southern Division News

28 Jul 2011

ACL Appoints New Executives

Bill Braman

American Commercial Lines (ACL) has relocated Bill Braman, Senior Vice President and Chief Operating Officer – Transportation Services, to Harahan, LA, where he will lead the field implementation of ACL’S new operating plan and scheduled service platform. Braman joined the company in February 2009 as Vice President and General Manager – Transportation Services. He will continue to report to the President and CEO. ACL has also made two appointments. Mario Munoz will take up the position of Vice President Business Development and Marketing…

08 Sep 2009

ACL Realigns Transportation Services Division

American Commercial Lines Inc. (NASDAQ: ACLI) announced it is realigning its Transportation Services Division to reduce costs, improve efficiencies, and streamline communication. The company will be moving leaders in operations management to field locations, closer to its employees and customers. Headquartered in Jeffersonville, Ind., ACL operates a fleet of more than 2,600 barges and approximately 130 towboats on a network of more than 12,000 miles of U.S. inland waterways. It also operates terminals, as well as fleeting, shifting, cleaning, and barge and boat repair services throughout its network. The company is realigning its Transportation Services business into two regional divisions.

05 Sep 2002

Roy Anderson Corp. Secures Contract

Roy Anderson Corporation of Gulfport, Miss., is being awarded a contract worth $22,416,336 for Task Order 0002 under an indefinite-quantity to design and build. Air Force Base. to be completed by April 2006. at the end of the current fiscal year. received and award made on Sept. 27, 2001. period and four option years. conditions of the existing contract. Three offers were received for this task order. The Naval Facilities Engineering Command, Southern Division, North Charleston, S.C., is the contracting activity.

26 Nov 2002

FGH Anticipates Sale Completion

Friede Goldman Halter, Inc. announced that the purchaser has completed financing arrangements for the sale of its Friede Goldman Offshore division based in Pascagoula, Mississippi. On November 15, Friede Goldman Halter, Inc. (FGH) entered into a definitive contract to sell the assets of its Offshore division to ACON Offshore Partners LP, a Delaware limited partnership and an affiliate of ACON Investments, in a transaction valued at approximately $61 million (USD). The sale hearing will take place in the United States Bankruptcy Court for the Southern District of Mississippi, Southern Division, on December 16, 2002. Court approval is expected, with a year-end closing anticipated.

19 Nov 2002

FGH Contracts to Sell Friede Goldman Offshore

Friede Goldman Halter, Inc. has completed the previously announced auction of its Friede Goldman Offshore division and has entered into a contract to sell the assets to ACON Offshore Partners LLP, a Delaware limited partnership, for approximately $61 million. The purchase price consists of $18 million in cash plus the assumption of approximately $43 million in secured debt. The sale is contingent upon the buyer receiving specific refinancing terms from certain existing secured creditors by November 22, 2002 and the receipt by the seller of the buyer's contract deposit on the same date. If these conditions are met, the sale would be presented on December 16, 2002 to the United States Bankruptcy Court for the Southern District of Mississippi, Southern Division, for approval.