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COASTAL TRANSPORTATION

US Ocean & Coastal Shipping Market Report

A decline in demand for freight transportation leads IBISWorld to update its market report on US Ocean & Coastal Transportation. The transportation sector provides deep-sea, coastal, Great Lakes and St. Lawrence Seaway water transportation. The deep-sea shipping activity includes US flagged vessels and non-US flagged vessels. Marine transportation establishments using the facilities of the St. Lawrence Seaway Authority Commission are considered to use the Great Lakes water transportation system. This industry also includes deep-sea passenger transportation such as cruise ships. The updated report indicates that an overall decline in demand for freight transportation caused nearly all operators to struggle during the recession. However, the overall economic revival will pave the way for industry growth, as demand for waterborne freight shipping, cruise travel and higher fuel prices stimulate revenue. Despite these positive factors, external competition will prove to be an imminent threat. Excerpts from the report: In the five years to 2012, revenue for the Ocean and Coastal Transportation industry is expected to decline at an annualized rate of 2.2% to $28.3 billion. According to IBISWorld analyst Lauren Setar, “The global shipping market struggled during the recession as consumers began to spend less, reducing the trade of goods around the world


Eight New Coastal RoRos Slated for U.S.

Maritime Transport & Logistics Advisors, LLC (MTLA) an industry consulting firm based in Ft. Lauderdale, FL has been engaged by Roadships America, Inc. to provide research and analysis of the U.S. Coastal Transport market, as well as assistance with operational considerations in the final design stages of Roadships’ new generation high speed Ro/Ro vessels. Roadships America, Inc., a Reno, NV company is owned by U.S. and foreign investors.


Coastal Towing Announces New Refinancing

Coastal Towing, Inc., announced today the consummation of a $28 million senior term loan with the CIT Group/ Equipment Financing, Inc., Heller Financial Leasing, Inc. Pursuant to this transaction, the Company refinanced senior term debt under existing agreements with CIT and Wells Fargo Bank, N.A. In addition, the loan will be used to facilitate Coastal?s barge construction program. Coastal Towing Announces New Corporate Officer


Kirby Corp. to Acquire Allied Transportation

Kirby Corporation agrees to purchase assets of Allied Transportation Company, a subsidiary of Allied Marine Industries, & two affiliated companies. Kirby Corporation, based in Houston, Texas, is the nation's largest domestic tank barge operator, transporting bulk liquid products throughout the Mississippi River System, the Gulf Intracoastal Waterway, coastwise along all three United States coasts and in Alaska and Hawaii.


Kirby Corp. Announces Record 3Q Results

Kirby CEO Joe Pyne (Photo: Greg Trauthwein)

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability. Kirby Corporation announced record net earnings attributable to Kirby for the third quarter ended September 30, 2014 of $76.7 million, or $1.34 per share, compared with $69.1 million, or $1.21 per share, for the 2013 third quarter, which included a $0


Vigor’s Tacoma Yard Delivers Breasting Barges to Foss

Photo courtesy of Vigor Industrial

Vigor Industrial expands its newbuild capacity in Washington; Tacoma yard delivers three breasting barges   Fabrication teams at Vigor Industrial’s Tacoma, Wash. shipyard have delivered three 60’ x 24’ x 15.5’ breasting barges to Foss Maritime. The barge system will be used to moor Shell’s drill rigs at Terminal 5 in Seattle, Wash. where the company is scheduled to ready its fleet for Arctic drilling this summer.   


Judge Recognizes MARAD Authority

As a result of the Maritime Administrator’s designation of New Jersey as an adjacent coastal state, pursuant to 33 USC 1508(a)(2), Atlantic Sea Island Group, LLC, (ASIG) a deepwater port applicant, filed suit against the Maritime Administrator and Secretary of Transportation on February 15, 2008.  In addition to filing the suit, the plaintiff also sought a preliminary injunction.  ASIG alleged that the Maritime Administrator's designation of New Jersey as an "adjacent


MARAD Opens California Green Trade Corridor

The U.S. Department of Transportation’s (DOT) Maritime Administration (MARAD) today dedicated the California Green Trade Corridor.  The Corridor will help take freight traffic off California’s congested I-580 by offering shippers an option to move cargo along the waterways between the Ports of Oakland, Stockton and Sacramento. The project received a $30 million grant from the Department of Transportation, as well as $5 million from local sources


SCI expands its Coastal Shipping Services

Courtesy SCI

The new restructured SMILE Service synergizes Shipping Corporation of India’s (SCI) Services with Shreyas’s Services and seamlessly links up Persian Gulf with East Coast of India and West Coast of India, thereby, further strengthening and expanding SCI’s presence in the Coastal Shipping Sector. The working together of two Lines, i.e., The SCI and Shreyas, on this route will be a force multiplier for SCI which will provide a high quality of Coastal Services on fixed day


Robert Alan Designed ATB Tugs for ITB Marine

ITB Marine Group Ltd. (ITB) is currently well into construction of the first of two, twin Z-drive, ATB pusher tugs photo Robert Alan

The ITB Marine Group Ltd. (ITB) is currently well into construction of the first of two, twin Z-drive, ATB pusher tugs for service on the West Coast of North America. The tugs are being built at their Annacis Island Shipyard near Vancouver. The tugs will be connected by an articulating pin system to the existing double-hulled oil barges ITB Reliant and ITB Resolution which will receive retrofitted pin ladders and stern extensions for connecting to the new tugs.


India to Facilitate Marine Skill Developement in Coastal Areas

Indias Minister for Shipping, Nitin Gadkari and the Minister for Rural Development, Panchayati Raj, Drinking Water and Sanitation, Narendra Singh Tomar witnessing the signing ceremony of an MoU for Sagarmala - DDU GKY (Deen Dayal Upadhyaya Grameen Kaushalya Yojana) skill development training for coastal districts. Photo: PIB

 For skills development of youth in coastal areas, India's Ministry of Shipping signed a memorandum of understanding (MoU) with theMinistry of Rural Development in New Delhi.    The MoU is for convergence of the Ministry’ prestigious project Sagaramala and Ministry of Rural


Inmarsat, IMSO Partner in Vanuatu

Warringa (Photo courtesy of Inmarsat)

Inmarsat (ISAT.L) has made available five Fleet One units to a pilot initiative that aims to bring change to the way ships connecting island communities in the Pacific archipelago of Vanuatu communicate.   The International Maritime Organization (IMO) endorsed capacity-building pilot


Ships Parade Kicks off NY Fleet Week

Photo: Jeff O’Malley

From the tree lighting at Rockefeller Center to New Year's Eve in Times Square, New York’s time-honored traditions are some of the most well-known around the world. Arriving today as part of another New York tradition, a “parade of ships” from several branches of the U.S


Plenty Ships Wins Chinese Ferry Order

Photo: CoCo Yachts

CoCo Yachts – Plenty Ships has won an order with Zhuhai Fast Ferry Company to build two aluminum high speed ferries.   Zhuhai Fast Ferry Company has several fast ferries in its fleet, including two CoCo Yachts designed Coastal Cruiser 288


Louisiana Dredging Outlook

Photo: Magnolia Dredge

Louisiana relies on dredging for navigation and land restoration   When maritime stakeholders think about dredging, they typically first conjure up visions of harbor deepening projects to accommodate those giant, post-Panamax boxships


India's Sagarmala Program: 415 Projects, $120 Bln Investment

Indian Prime Minister Narendra Modi. Photo: PIB

 Under India's prestigious Sagarmala Programme,  415 projects, at an estimated investment of approximately  INR 8 Lac Crore (USD 120 Bln) , have been identified across port modernization & new port development, port connectivity enhancement


Deck Carrier BigRoll Beaufort Delivered

BigRoll Beaufort (Photo: BigRoll Shipping)

The heavy marine transportation provider BigRoll Shipping has reached a milestone. The fourth and final MC Class vessel for BigRoll shipping was handed over by Cosco Dalian Shipyard Co. Ltd to new owner BigRoll Shipping in Leiden, the Netherlands.  


Senate Hearing on USMMA Issues Scheduled

The Subcommittee on Transportation, Housing and Urban Development, and Related Agencies of the Senate Committee on Appropriations will hold a hearing on 5 April to examine protecting midshipmen, focusing on preventing sexual assault and sexual harassment at the U.S. Merchant Marine Academy.


BMT, UK’s MAIB Ink Rembrandt Deal

Photo: BMT

BMT Ship & Coastal Dynamics (BMT)  announced a new contract with the UK’s Marine Accident Investigation Branch (MAIB).  BMT has installed its marine navigation and maneuvering simulator, Rembrandt and will provide ongoing specialized training


Incat Crowther Designs 18m Dive Support Vessels

Photo: Incat Crowther

 Incat Crowther has announced its recent contract with Legacy Marine Group of Port Elizabeth, South Africa for the design of two new 18 meter catamaran dive support vessels to be built for Stapem Offshore for operation in the coastal waters off Angola.  


How Deep is the Ocean?

Photo: International Maritime Organization (IMO)

 Hydrogaphy, the science of surveying and charting bodies of water, is essential to the safe, sustainable and cost-effective use of the world’s oceans.    This was International Maritime Organization (IMO) Secretary-General Kitack Lim’s message at the 1st Assembly of


Russian Ship Sinks after Collision, All Personnel Safe

A Russian ship which collided on Thursday with a Togo-flagged livestock vessel has sunk, Turkey's coastal safety authority said. It said all 78 personnel had been evacuated from the ship.   The ship, identified as the "Liman", collided with the Togo-flagged "Youzarsif H"


US Coast Guard Seizes $22.5 Mln of Cocaine

Photo: United States Navy

 The Cyclone-class patrol coastal ship USS Zephyr (PC 8), its embarked U.S. Coast Guard Law Enforcement Detachment (LEDET) personnel and coalition forces intercepted an immense amount of contraband while on patrol conducting Operation Martillo in the U.S. 4th Fleet area of operations April 19


Crowley to Supply LNG in Puerto Rico

Photo: Crowley

Crowley Maritime Corp.’s  liquefied natural gas  (LNG) services group has been awarded a multi-year contract to supply additional volumes of containerized, U.S.-sourced LNG to a major pharmaceutical company’s manufacturing plants in Puerto Rico.  


Canada Rolls Out Oil Tanker Moratorium Act

Infographic: Transport Canada

 The transportation system is something Canadians rely on every day, from getting us to work, or bringing us the products we use in our homes.    The Government of Canada is working to ensure that goods are transported in a safe and responsible way while protecting our marine






 
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