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KIRBY OCEAN TRANSPORT

SUNY Maritime Admiral’s Scholarship Dinner

On Tuesday, May 5th, at 6:00 pm, the State University of New York Maritime College will salute the American Bureau of Shipping (ABS), Kirby Inland Marine and Professor Emeritus William Sembler, ’52 at the College’s annual Admiral’s Scholarship Dinner.  The event will be held on the college’s waterfront campus in Throgs Neck, New York.   ESPN Sailing Analyst and former America’s Cup sailor Gary Jobson will serve as the Master of Ceremonies for the event. ABS is an international classification society devoted to promoting the security of life, property and the marine environment through the development and verification of standards for the design, construction and operational maintenance of marine-related facilities.  ABS Chairman and Chief Executive Officer (CEO)  Robert D. Somerville will accept Maritime College’s award at the May 5 dinner.  ABS is headquartered in Houston, TX, with New York area offices in Paramus, New Jersey. Somerville has devoted his professional life to the marine industry and has spent more than 35 years with ABS in senior positions.   He holds a Bachelor of Science degree in Marine Engineering from Maine Maritime Academy and completed Harvard Business School’s program for Management Development.


Kirby Expects Strong 3Q Earnings

Expected result compares with $.57 per share for the 2010 third quarter, fueled by continued strong inland marine transportation and land-based diesel engine services markets. Kirby to announce 2011 third quarter results on Wednesday, October 26, 2011, with conference call on Thursday, October 27, 2011. Kirby Corporation announced today that it expects its 2011 third quarter net earnings to exceed $.90 per share, above the top end of Kirby's earnings guidance of $.82 to $


Kirby Signs Agreement With Coastal Towing

Kirby Corporation announced the signing of an asset purchase agreement with Coastal Towing, Inc. ("Coastal") to purchase from Coastal seven black oil tank barges and 13 inland towboats. The transaction, estimated at $17.1 million in cash, is being financed through Kirby's operating cash flow and available credit under Kirby's bank revolving credit agreement. Kirby and Coastal have also entered into a Barge Management Agreement whereby Kirby will serve as manager of the combined black


News: Poor Weather, Repairs Forces Kirby to Lower Expectations

"Very poor weather, major repairs to a lock on the Gulf Intracoastal Waterway and rapidly escalating fuel prices, not lower business levels, are the factors causing Kirby to revise its first quarter forecast," were a few reasons that Joe Pyne, Kirby Corporation's President CEO, cited for the company's lowering of its earnings guidance for the 2003 first quarter to $.26 to $.30 per share from previous guidance of $.36 to $.40 per share


Kirby Corporation Purchases Tank Barges

Kirby Corporation announced the purchase of the stock of Coastal Towing, Inc., the owner of 37 inland black oil tank barges, for approximately $19.3m. Kirby has been operating the Coastal tank barges since October 2002 under a barge management agreement. Kirby also announced the purchase of 21 tank barges from Cypress Barge Leasing, LLC for $15m in cash. Kirby has been leasing the barges since 1994 when the leases were assigned to Kirby as part of Kirby's purchase of the tank barge fleet


Joe Pyne Joins DHT Holdings’ Board of Directors

Joe Pyne (Photo: Greg Trauthwein)

Crude oil shipper DHT Holdings, Inc. announced today that it has appointed Joseph H. Pyne to its board of directors, expanding the board from three to four independent directors. Erik Lind, Chairman of DHT said, “We are very pleased to have Joe join the DHT board of directors. His commercial and operational experience and longstanding insight into the U.S. capital markets are all expected to significantly augment the workings of the board to the benefit of DHT.”


Kirby Corp. Announces Record Results

Kirby Corporation reported that for the fourth quarter ended December 31, 2000, net earnings were a record $9,088,000, compared with $3,974,000 for the 1999 fourth quarter. For the 2000 year, net earnings were $34,113,000, up from $21,441,000 in 1999. Joe Pyne, Kirby's President and Chief Executive Officer, said, "The 2000 fourth quarter net earnings of $.38 per share and 2000 year net earnings of $1.39 per share are record results for Kirby. Our EBITDA results of $33,615,000, or $1


Vocational Training Options Grow

The full-mission, full-bridge towboat wheelhouse simulator at Kirby’s training center (Photo courtesy Kirby Corp.)

From MarineNews, March 2010 Vocational training options continue to expand since the STCW 1995 rules put a crimp in the hawsepipe. The Pacific Maritime Institute’s (PMI) Workboat Academy has graduated its third class of mates. The State University New York (SUNY) Maritime College has opened a new two-year engineers program. Finally, Kirby’s training school continues to provide company employees with an in-house route to the wheelhouse.


Kirby Buys Seacor’s Inland Tank Barge Fleet

Photo: Kirby Corporation

 Kirby Corporation has agreed to purchase the inland tank barge fleet of SEACOR Holdings Inc. from subsidiaries of Seacor for approximately $88 million in cash. The asset purchase will consist of 27 inland 30,000 barrel tank barges and 13 inland towboats, plus one 30,000 barrel tank barge and one towboat currently under construction. Also, as part of the agreement, Kirby will transfer to Seacor the ownership of one Florida-based ship docking tugboat.


Kirby to Pay $4.9 Mln Penalty over Oil Spill

(USCG photo by Andrew Kendrick)

Kirby Inland Marine LP has agreed to pay $4.9 million in civil penalties to settle claims stemming from a 4,000-barrel oil spill in the Houston Ship Channel in March 2014, the U.S. Justice Department said on Tuesday.   The company, a subsidiary of Kirby Corp, also agreed to implement operating improvements across its hundreds of vessels operating in U.S. inland waters, the department said in a statement. (Reporting by Tim Ahmann; Writing by Eric Walsh; Editing by Susan


New Mississippi Container Terminal Planned

Image: Plaquemines Port Harbor & Terminal District

Plans have been put in motion to develop a new intermodal container terminal on the lower Mississippi River.   Designed to service the largest ocean carriers, the new 1,000 acre container terminal will be capable of docking vessels up to 20,000 TEU with deep-water access and 21


DHL Says Ocean Freight Rates at Turning Point

© dbvirago / Adobe Stock

Demand for ocean and air freight has been better than expected this year, with increasing volumes and rates finally improving after years in the doldrums, executives from freight forwarding company DHL, part of Deutsche Post DHL Group, said.


Quality of Ocean Carriers “Poor to Average”

Image: Drewry Shipping Consultants Limited

 The service provided by container shipping lines is rated as poor to average and has deteriorated in the past year, according to a survey of exporters, importers and freight forwarders conducted jointly by Drewry and the European Shippers’ Council (ESC).  


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


Asia's First Hybrid Electric Ferry Heralds Cleaner Sea Travel

Photo: Visedo OY

The Taiwanese harbor city of Kaohsiung has launched a new hybrid electric ferry, which aims to curb greenhouse and diesel emissions for marine passenger transport across the region.   Kaohsiung recently re-launched the Cijian Island passenger ferry


Alabama Port Signs Agreement with Cuba

Photo by Alabama State Port Authority

 The Alabama State Port Authority has announced a new memorandum of understanding with the National Port Administration of Cuba, potentially laying the groundwork for future trade deals.   The five-year, cooperative agreement  was signed at the Tampa Marriott Waterside Hotel in


Litter Levels in the Arctic Depths On the Rise

Map FRAM (Graphic Thomas Soltwedel)

The Arctic has a serious litter problem: in just ten years, the concentration of marine litter at a deep-sea station in the Arctic Ocean has risen 20-fold. This was recently reported in a study by researchers at the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI).


Global Climate Rules Vital for Shipping

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO)  Secretary-General Kitack Lim has spoken about the importance of a global approach to climate change regulation for the shipping industry.    During the World Ocean Summit in Bali, Indonesia (22-24 February)


MOL, University of Tokyo Graduate School Team up on Project based learning

Graduate students meeting to discuss the project Photo MOL

Mitsui O.S.K. Lines, Ltd. today announced the completion, on Friday, February 10, of this year’s Project Based Learning (“PBL”) program at the University of Tokyo Graduate Program for Mechanical Systems Innovation (GMSI), Research and Education Consortium for Innovation of


MOL Learning Program on Environmental Regulations

Photos: Mitsui O.S.K. Lines, Ltd

 Mitsui O.S.K. Lines (MOL) has announced the completion of this year's Project Based Learning (PBL) program at the University of Tokyo Graduate Program for Mechanical Systems Innovation (GMSI), Research and Education Consortium for Innovation of Advanced Integrated Science (CIAiS) and Global


IBM, Maersk in Blockchain Tie-up for Shipping Industry

File photo: A.P. Moller - Maersk

IBM and Danish transport company Maersk said they were working together to digitize, manage, and track shipping transactions using blockchain technology.   The technology, which powers the digital currency bitcoin, enables data sharing across a network of individual computers


Spot Freight Rates Soar from North Europe to Asia

Photo: Maersk Line

 Spot container freight rates from North Europe to China increased by 45 percent this week, reaching a four-year high.   The “World Container Index assessed by Drewry” market reading on the route from Rotterdam to Shanghai jumped to $1,076 per 40ft dry container today


Pirates Demand Ransom for Tanker Seized off Somalia

Pirates off the coast of Somalia, who hijacked an oil tanker with eight Sri Lankan crew on board, are demanding a ransom for the release of the vessel, the EU Naval Force said.   The pirates seized the Comoros-flagged Aris 13 tanker on Monday


IMO Contributes to Meeting of Asia-Pacific Ship Safety Heads

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO) is participating in the annual gathering of Asia Pacific Heads of Maritime Safety Agencies (APHoMSA) in Langkawi, Malaysia (20-24 March).    Participants from 24 IMO Member States as well as observers from IALA


FMC's Doyle OKs Boxship Pact

Photo: HMM

Carriers are integral to the supply chain; shippers should review their options with all ocean carriers Commissioner William P. Doyle of the Federal Maritime Commission issued the following statement today, Agreement to go into effect March 30, 2017.  






 
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