Jeffboat Announces Plant Closure
Jeffboat announced this morning the pending closure of its shipyard operations in Jeffersonville, Indiana. Following recent Worker Adjustment and Retraining Notification Act (WARN) notices of November 1, 2017 and February 1, 2018 announcing layoffs, Jeffboat president and CEO Mark Knoy said they will finish construction of barges around the first of May. Following the closure, Jeffboat will be reviewing the best alternative uses for the 65 acres of riverfront property currently occupied by the shipyard.
Campbell Acquires ACBL Assets
Marine services company Campbell Transportation Company, Inc. (CTC) said it has completed the acquisition of certain affreightment contracts along with 155 barges and four towboats from American Commercial Barge Line LLC that will operate on the Ohio River system. The four towboats, all of which are 3,000 HP, include the M/V Roger W. Keeney, M/V James R. Morehead, M/V James R. Pinson, and the M/V Jeffery A. Raike. With this acquisition, CTC now owns and/or manages more than 1,100 barges and 50 towboats on the inland waterways, along with four shipyard facilities and a marine construction company.
Campbell Acquires Barges, Towboats from ACBL
Campbell Transportation Company, Inc. said it has signed an agreement with American Commercial Barge Line LLC (ACBL) to acquire certain affreightment contracts along with 155 barges and four towboats that will operate on the Ohio River system. Campbell said it expects to close the transaction by the end of the second quarter, subject to customary closing conditions. Once the acquisition has been completed, Campbell will own and/or manage more than 1,100 barges and 50 towboats on the inland waterways, along with four shipyard facilities and a marine construction company.
Coalition Urges Congress to Address Asian Carp in the Great Lakes
A coalition of maritime business and industry organizations sent a letter to key Members of Congress on Friday, March 24 urging funding for the Great Lakes Restoration Initiative (GLRI) to further support efforts undertaken by the State of Illinois to slow, stop and reverse the migration of Asian carp, an aquatic invasive species, through cost-effective measures. In the letter, the UnLock Our Jobs (UOJ) coalition members review the record of success that the GLRI has had in working with the State of Illinois to develop a range of strategies to control Asian carp…
Frasher Takes Head of Helm at American Commercial
Stephen A. Frasher has been appointed president and CEO of American Commercial Barge Line LLC as well as CEO of Jeffboat LLC, Louisiana Dock Company LLC and American Commercial Terminals LLC. With 31 years of experience in the transportation industry, most recently as president and CEO of Tidewater Holdings, Frasher’s hiring is part of a management transition plan for the retirement of Michael C. Hagen, who plans to step down at the end of October.
Product: GE M&SP Makes Strong Maritime Push
GE Transportation Systems, Marine & Stationary Power (M&SP), is making a strong push to capture medium-speed diesel engine business in the maritime sector, fortifying an international network of service centers and bringing its product to center stage at many of the Autumn 2003 trade exhibition. GE Transportation Systems has is the market leader in the locomotive business, with 85 percent of its annual production targeted to this business. While marine business has not accounted for a large percent of its overall business to date, its medium-speed diesel engine capability is considerable. In the rail business, no one looks at the engine for 90 days, whereas in the marine and stationary sectors, the engines are pampered, said Tina Donikowski, General Manager Propulsion & Specialty Services.
Frasher Steps Down as ACL CEO
American Commercial Lines LLC announced that Stephen A. Frasher will step down as President and CEO effective April 30, 2004. ACL will make the following executive changes on that date. Richard L. Huber will assume the position of Chief Executive Officer of American Commercial Lines LLC. Mr. Huber has been a member of the ACL Board since 2000, and currently serves as its Chairman. Mr. Huber has over forty years of investment and merchant banking, international business, and management experience, having held executive positions with Chase Manhattan Bank, Citibank, Bank of Boston, and Continental Bank. He was most recently CEO of Aetna, Inc.
ACBL Announces Appointments
Paul Brotzge has been named Vice President, Finance, Treasurer and Controller. He was previously Vice President, Finance and Controller. Brotzge has been with the Company for twenty-three years. Ben Huber has been named Vice President, Business Development. His previous position was Vice President, International. He joined ACL in August 2002. David Jahnke has been named Vice President, Dry Cargo Sales. He was previously Vice President, Grain Sales. Jahnke has been with ACL since 1992. Del Wilkins has been named Vice President, Vessel Operations. He was previously Vice President and General Manager, Gulf Coast Operations. Wilkins joined ACBL in November 1993. Paul Book has been named Director of Barge Maintenance. He was previously Director, Audit & Compliance.
People & Company News
Captain Marine Services, Inc. of Dana Beach, Fla. has been servicing the yachting and sport diving industries for the last nine years for all of their need above and below the waterline as well as, providing immediate procurement consolidation and delivery of marine parts, supplies, and diving equipment. President Capt. Thomas J. Dunzelman recently announced the opening of a new shipping, receiving and agents office in Turtle Cove Marina, Providenciales, Turks & Caicos Islands, BWI. With many years of experience in the Turks & Caicos Islands, they can advise your clients as well as your crew on what to do and see while visiting Providenciales. Captain Marine Services provides an office where a captain can talk to another captain/engineer about their equipment needs.
Coast Guard Should Rethink Salvage and Firefighting Proposal, AWO Says
The Coast Guard's May 10 proposal to add costly and prescriptive salvage and firefighting provisions to its tank vessel response plan regulations should be overhauled in favor of a simpler and more practical approach, AWO testified at a July 17 public meeting in Philadelphia, Pa. The need for the proposed rule has not been demonstrated. The Oil Pollution Act of 1990 is working well, both on the prevention and the response fronts. Academy of Sciences have acknowledged that spill response has been timely and effective since the passage of OPA 90. "Quite simply, the Coast Guard has failed to demonstrate that this costly proposal is necessary to achieve the pollution prevention objectives of OPA 90," Carpenter said.
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. Under the terms of the Plan, ACL will issue $225M in new Senior Secured Notes, and approximately $138M in new Junior Secured Notes in satisfaction of obligations to the Senior Secured Lenders. Five-year Maritime Lien Holder Notes will be issued to holders of maritime liens or in the alternative, a cash payout of as much as fifty cents on the dollar.
ACL Plan of Reorganization Confirmed
The United States Bankruptcy Court, Southern District of Indiana, New Albany Division confirmed the Plan of Reorganization for American Commercial Lines LLC and its affiliated debtors. 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 "We are extremely pleased to complete this reorganization process. The implementation of our Plan of Reorganization provides the best possible recovery for our creditors and ensures the Company's future viability. Our efforts are now focused on completing the steps required to emerge from Chapter 11 on January 10…
JeffLabs Signs Agreement with Jeppesen Marine
JeffLabs, an affiliate of American Commercial Lines Inc, has signed an agreement with Jeppesen Marine to perform river trials of Jeppesen Marine's navigation software in conjunction with American Commercial Barge Line LLC under a beta test agreement between the two parties.
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. Jerry Linzey, Sr. Vice President Manufacturing, said "As an example, applying Telematics for improved logistical tracking will be a key enabler for better productivity and lower operating costs.
Muñoz to Head Fleet Operations at ACBL
Mario Muñoz has been promoted to Director of Fleet Operations for American Commercial Barge Line LLC. His responsibilities include management of fleet operations, fleet vessel contractors and land leases. Muñoz is a graduate of the University of South Alabama and is currently pursuing and MBA from Bellarmine University in Lousiville, KY.
ACB Elects Fleet Manager
Gary C. Ruff has joined American Commercial Barge Line LLC as fleet manager in the planning center. Ruff, who previously served as logistics manager for Holman Cement, holds a bachelor's degree from Lindenwood College, St. Charles, Miss.
Coast Guard, AWO Members Meet in Branson
Commanding Officers conference. At the meeting, Admiral Casto and his staff outlined Coast Guard proposals to reorganize the Eighth District, splitting much of the inland rivers and the Gulf Coast into two separate regions. The proposal would have the effect of recreating the old Second District, which was closed in a cost cutting measure in 1996. As a part of the previous reorganization effort, staff levels were cut. For instance, prior to 1995, the old Eighth District had Marine Safety Division staff of 27 people to cover the Gulf Coast. Today the division has only 25 people to cover the Gulf Coast and all of the inland system. Admiral Casto said that the new security responsibilities of the Coast Guard make the current structure unworkable.