C&C Marine & Repair Delivers Double-Hull Tank Barge
C&C Marine & Repair has delivered CTOW 330, a new double-hull tank barge designed for bunker service and built to support modern fuel-handling requirements across lakes, bays, and sounds service routes to Colonial Towing.Measuring approximately 297'06" x 54'00" x 16'00", CTOW 330 has a nominal cargo capacity of about 28,000 U.S. barrels and features a flush deck extending the full length and breadth of the vessel. The barge is designed for U.S. Coast Guard authorization for Subchapter “D” cargoes…
Seabulk Intl. Finalizes Sale of Inland Barge and Towboat Fleet
Seabulk International has completed the sale of the inland barge and towboat fleet of its Sun State Marine Services, Inc. subsidiary to Colonial Towing, which is a subsidiary of Colonial Group, Inc. of Savannah, Ga. The proceeds from this sale, which amount to approximately $3.8-million will be used by Seabulk to pay down debt.
Tidewater’s O'Malley Officially Steps Down
Tidewater Inc. (NYSE:TDW) announced on March 28 that William C. O'Malley, the company's Chairman, President and CEO for most of the past eight years, has officially stepped down as Tidewater's CEO, handing over the reins of leadership to Dean E. Taylor. Taylor, 53, has served as President of Tidewater since October 2001 when O'Malley, 65, announced his impending retirement at the end of March 2002. Taylor's career with Tidewater started in 1978 where he served as an assistant manager in the company's Morgan City, La. office. With his Navy background and business savvy, Taylor gradually worked his way up through Tidewater's ranks to become an executive vice president in December of 2000.
