American Commercial Lines Tightens Grain Contract Terms
American Commercial Lines Inc. (NASDAQ: ACLI) announced it has increased its ancillary charges for grain shipments, effective immediately. Gulf reconsignment charges, the fees assessed to shippers for changing the destination consignee on Gulf in-port moves, will rise from $300 to $500. ACL will also increase demurrage charges. At origin locations, the new terms include a load and release commitment of 3 days, with demurrage charges for days four and five at $200 per day and days six and beyond at $400 per day. At destination locations, ACL will increase demurrage charges to $500 per day after three free unloading days.
ACL Launches JeffLabs
American Commercial Lines Inc. announced the formation of JeffLabs, a new business unit focusing on technology applications for the transportation industry. JeffLabs will build upon the strength of ACL's two major holdings, American Commercial Barge Line LLC and Jeffboat LLC. JeffLabs will focus initially on five key areas of opportunity: Safety, Logistics, Regulatory Reporting, Customer Service and Operational Efficiency.
ACL Execs Satisfy Tax Withholding Obligations
American Commercial Lines Inc. (ACL) announced that shares of common stock granted to certain executives that vested on January 18, 2006 were withheld by the company to satisfy tax withholding obligations of these executives of the company. The withholding of shares is permitted in accordance with the terms of the American Commercial Lines Inc. Equity Award Plan for Employees, Officers and Directors and the American Commercial Lines Inc
ACL Announces Three Year Agreement for Employees and Teamsters Local 89
American Commercial Lines Inc. announced that the company has secured a three year agreement for its shipyard employees with the General Drivers, Warehousemen & Helpers (Teamsters), Local Union No. 89. The three year agreement, which was ratified by over 95% of the voters, provides for first year wage increases ranging from 5% to 18% for various job positions resulting in an overall average wage increase of approximately 11%.
ACL Sees 2Q Profits Tripled
American Commercial Lines reported that the company’s second- quarter profits nearly tripled on strong sales. The Jeffersonville-based company posted net income of $17.7m, compared with $6.03m during the same period a year ago. Sales increased 20 percent. The company announced last month it plans to hire 1,100 people over the next three years. (Source: Star report)
ACL Opens Houston Headquarters
American Commercial Lines Inc. (ACL) opened its new Liquid Transportation Division Headquarters in Houston, Texas. The opening of the new regional headquarters, combined with ACL's recent announcement to build 30 new 30,000 barrel tank barges in 2008, begins the foundation for the Company's long-term strategy to increase liquid business from 24% to 40% of its total transportation revenue.
ACL Increasing Tank Barge Demurrage Charges
American Commercial Lines Inc. (ACL) has announced new demurrage terms for liquid shipments. ACL will increase per day demurrage charges by 15 percent. Commenting on the new terms, Mike Ryan, Senior Vice President Sales and Marketing, stated, "We are adjusting our demurrage charges for our tank barge fleet in response to the continued strong demand for liquid barging capacity. The value of these liquid units in the marketplace continues to increase and we need to keep pace with that value
ACL Names VP of Investor Relations
American Commercial Lines Inc. has appointed David T. Parker to the position of Vice President of Investor Relations and Corporate Communications. Parker is responsible for facilitating ACL's communications with the investment community and for public relations. He also serves as the company's primary media contact.
ACL to Begin Transporting Canadian Crude Oil
American Commercial Lines (ACL) is pleased to announce that it will begin transporting crude oil by barge on the U.S. inland waterways for MEG Energy (U.S.) Inc. (MEG Energy), a subsidiary of the Canadian oil company MEG Energy Corp. Crude oil will arrive primarily via pipeline and will be transferred to barges at storage terminals located on the inland waterways for transport by ACL to the Gulf Coast. ACL is dedicating new tank barges built by its manufacturing division Jeffboat
ACL Files Reorganization Plan
American Commercial Lines LLC and its affiliated debtors today filed their Joint Plan of Reorganization in the United States Bankruptcy Court, Southern District of Indiana, New Albany Division. ACL and its affiliated debtors, including American Commercial Barge Line LLC and Jeffboat LLC, filed for Chapter 11 protection on January 31, 2003. Richard L. Huber, Chairman and Chief Executive Officer of ACL said “This reorganization of ACL as a stand-alone company provides the best recovery to the
Yacht Computer Service Expands its IT Service
Any maritime business equals to demanding clients. And not to forget the crew – from any position upwards. As long as everything works, life on board is great. TV or entertainment systems on any vessel are an absolute must, working at 100%. Most of the time they do. Let´s face it, if the "Internet" goes down… there is a serious problem. And it is not only the Internet.
Seattle Port's Green Gateway Award for Holland America Line
The Port of Seattle presented Holland America Line with its sixth consecutive Green Gateway Award. The Port of Seattle also presented Seattle’s hometown cruise line with the Technology Innovator award. The Port of Seattle presents the Green Gateway Awards annually to cruise and commercial lines that call at the port and whose environmental efforts are deemed worthy of recognition. “Holland America Line’s commitment to the environment is something we’re
Bearing System Sees No Wear After 20,000 Hours
After nine years of operation in the harsh, abrasive waters of Alaska’s Yukon River, aboard Inland Barge Service’s push boat Ramona, Thordon Bearings’ RiverTough water-lubricated tail-shaft bearing system has emerged completely free of wear and tear, according tot the manufacturer. The performance of the RiverTough bearings in waters renowned for their high content of gritty glacial silt came to light when the 16-meter workboat’s cracked struts underwent repair
Skuld Quadruples Bottom Line
Norwegian marine insurer Skuld delivered a result of USD 20 million in the first nine months of the year, a USD 5 million increase from the same period last year. Overcapacity is still putting pressure on premium levels, says CEO. Skuld president and CEO Ståle Hansen said: "After nine months the bottom-line ended at USD 20 million, which includes provision for a mutual members' credit of USD 5 million
ACL Acquires AEP River Operations
Marine transportation service company American Commercial Lines (ACL) announced it has acquired commercial inland barge company AEP River Operations from American Electric Power (AEP). AEP River Operations is based in Chesterfield, Mo., with operations in Paducah, Ky.; and Convent, Algiers and Belle Chasse, La., and delivers approximately 45 million tons of products annually. Mark Knoy, president and CEO of Jeffersonville, Ind
AEP to Sell AEP River Ops To ACL
American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL), owned by Platinum Equity, for approximately $550 million. AEP River Operations is a commercial inland barge company delivering about 45 million tons of products annually, including 10 million tons of coal. AEP River Operations has 56 towboats, 2,301 barges and 1,090 employees
SCI’s New Chapter in Maritime Training
Seamen’s Church Institute (SCI) launched an initiative on December 10, 2014 aiming to transform training for America’s inland mariners at its Center for Maritime Education in Paducah, KY. The day before its 15th Annual River Bell Awards ceremony, the Seamen’s Church Institute (SCI) pushed the proverbial boat out on a new era of maritime education. In prior months, SCI had installed new simulators and renovated the hospitality areas at its Center for Maritime
MN 100: Teufelberger Fiber Rope Corporation
848 Airport Road Fall River, MA 02720 Telephone: 800 333 6679 E-mail: commarine@Teufelberger.com Website: www.Teufelberger.com CEO/President: Christopher Lavin Number of Employees: 150 The Company: Teufelberger is a dynamic group of companies working with three key technologies in three divisions with 220 years of experience. In addition to Synthetic Fiber Rope, Teufelberger produces Steel Wire Ropes as well as Extrusion
MN 100: Moxie Media, Inc.
1301 Dealers Ave. New Orleans, LA 70123 Telephone: 504 733 6907 E-mail: email@example.com Website: www.moxietraining.com CEO/President: Martin Glenday Number of Employees: 20 The Company: Moxie Media develops, publishes and distributes cutting edge training materials to meet the regulatory, health, security and workforce needs of the maritime industry. Moxie brings cost-effective resources to companies who must meet government and industry training requirements such as the US
ACL Recognizes Safe Liquid Cargo Handlers
American Commercial Lines presented Marine Environmental Stewardship Awards on Wednesday, July 16 in Houston, Texas, recognizing 35 customers for safe handling of chemicals, petroleum products and other liquid cargos. The customers recognized by ACL safely handled over two billion gallons of chemicals, petroleum products and other liquid cargoes with the barge transportation company in 2013. Recipients of the award are: Axiall Corporation; BASF Corporation; Bayer Corporation; Bunge North
ACL Receives Environmental Achievement Award
American Commercial Lines Inc. (ACL), a U.S. marine transportation service company, was presented with Environmental Achievement Awards by the Chamber of Shipping of America (CSA) at a reception held Wednesday, November 13 in Washington, D.C. A total of 74 of ACL’s fleet of 100 towboats were recognized by CSA for their environmental records. CSA represents U.S.-based companies that own, operate or charter ocean-going tankers, containers ships
Wesmar Thrusters at Work Boat Show
“Wesmar thrusters are built for the toughest of sea conditions to meet the requirements of work boats around the world. Whether working in the oil fields or elsewhere, the demands to turn in tight quarters, hold position, and dock in challenging environments are standard assignments for our powerful thruster systems,” said WESMAR Vice President Bob Sentz announcing his company’s attendance at the International Work Boat Show October 9-11 in New Orleans, LA
Etpm Expands ROV Service with New Office
Aberdeen-based subsea and marine recruitment specialist etpm is continuing its company growth by opening a new office in Great Yarmouth and taking on two new members of staff to meet increasing client demand for experienced ROV staff. Great Yarmouth is strategically placed to service oil, gas, marine and renewables activity in the North Sea and in addition to recruiting for the global marketplace, etpm Great Yarmouth will join a range of specialist support services supporting
ACL Selected to Serve on the IWUB
American Commercial Lines (ACL) has been selected to serve as a representative on the Inland Waterways Users Board (IWUB), an advisory board established to monitor the Inland Waterways Trust Fund (Fund) and make recommendations to the Army Corps of Engineers and to Congress on investment priorities using resources from the Fund. Comprised of representatives of the barge transportation industry and the customers it serves
ACL to Haul for SeaRiver Maritime
American Commercial Lines Will Transport Petroleum Products by Inland Barge for SeaRiver Maritime Inc. American Commercial Lines (ACL) is pleased to announce that it has entered into an agreement with SeaRiver Maritime Inc., a marine affiliate of Exxon Mobil Corporation, to provide petroleum barge transportation services on the U.S. inland waterways. As of January 1, 2013, ACL has entered into a multi-year agreement with SeaRiver to transport liquid cargoes via its mainline