Scorpio Bulkers Refinances Ultramax Vessel
Monaco-based Scorpio Bulkers announced that the Company has entered into a financing transaction in respect of one of the Company’s Ultramax vessels with an unaffiliated third party in Japan. As part of the transaction, the Company will sell a 2015 Japanese built Ultramax dry bulk vessel, SBI Tango, for a consideration of $19.0 million and then lease it back from the buyer through a five-year bareboat charter agreement at a rate of $5,400 per day. If converted to floating interest rates…
MarAd Names Council Members
The initial members of the Marine Transportation System National Advisory Council (MTSNAC) established to advise the U.S. Secretary of Transportation were announced by U.S. Maritime Administrator Clyde J. Hart, Jr. The council will address strategies to ensure a safe, environmentally sound, and secure Marine Transportation System (MTS) that improves the global competitiveness and national security of the U.S.; issues and concerns raised by the marine transportation industry; and other matters at the Secretary's request.
Mineta to Address Marine Transportation System National Advisory Council
On Thursday, October 18, U.S. Secretary of Transportation Norman Y. Mineta will deliver opening remarks at the Marine Transportation System National Advisory Council meeting in Baltimore. The Secretary will brief council members on marine transportation system capacity and port security issues. The council meeting is open for public observation. The council is comprised of leaders from over 30 commercial transportation firms, trade associations, state and local public entities, recreational boating interests, academics and environmental groups. Its purpose is to advise the Secretary of Transportation on issues involving the Marine Transportation System – a system of waterways…
MarineCFO Unveils Commercial Release of MarineCFO
MarineCFO Inc., a provider of marine transportation solutions announced the commercial release of MarineCFO for the marine transportation industry. MarineCFO, Inc. offers industry leading solutions to the global Marine Transportation Industry. Built upon the UA Financial Management and Business Framework Software Platform, MarineCFO boasts the benefits from the expertise and experience gained in over 6,000 customer installations worldwide in most major industries.
GAO Issues Report on Federal Financing of Marine Transportation System
The General Accounting Office (GAO) issued its Report entitled Marine Transportation: Federal Financing and a Framework for Infrastructure Investments. This Report provided the basis for the agency's recent testimony at the Congressional hearing reported in yesterday's Maritime Items. The Report, which provides an excellent overview of maritime, highway, and aviation funding and expenditures, recommends that national goals be established regarding the marine transportation system, the federal role be defined, funding tools be developed, and results be evaluated. While the federal government spends an average $3.9 billion annually on the marine transportation system, it collects approximately $15.2 billion in customs duties on imports arriving by ship.
Foss Maritime Opens Houston Office
Foss Maritime has opened a new office and the formed a project management group aiming to support its customer base headquartered in Houston. John Tirpak of Foss has been appointed Vice President of Business Development & Contract Services and will be relocating to Houston to develop business in the region and lead the business development function of the entire Marine Transportation division from the new office. There he will oversee domestic and international business development, sales and marketing.
Maritime Research and Technology Development Releases Report
The U.S. Department of Transportation’s Maritime Administration (MARAD) today released a report entitled, "Maritime Research and Technology Development." The report reviews U.S. transportation research and technology development with special emphasis on the marine transportation system. The report reviews the history and future needs of U.S. In summary, the report notes that more maritime research and development is needed to improve the ability to move goods, commodities and people. Future improvements in production and business transactions critical to the nation’s economic success cannot be fully realized without innovations in the efficiency and quality of the marine transportation system. U.S. Secretary of Transportation Norman Y.
MN 100: Marathon Petroleum Corporation
Headquartered in Findlay, Ohio, Marathon Petroleum Corporation (MPC), together with its subsidiaries, is one of the largest petroleum product refiners, marketers and transporters in the United States. Supporting all of these is a large fleet of company owned, chartered and operated barges. Marathon Petroleum’s Marine Transportation provides services that meet the marine transportation needs of Marathon Petroleum Company LP (MPC). Marine Transportation’s inland river fleet is one of the largest private domestic fleets of inland petroleum product barges…
Soles Joins Glosten Associates
Peter Soles has joined The Glosten Associates as a Marine Consultant and will be supporting the firm’s ocean engineering and marine logistics projects. “Peter brings a broad knowledge of marine transportation policy, oceangoing vessel management and operation, voyage and cargo logistics, navigation, and tug/towing operations,” said Justin Morgan, PE, Glosten Principal. Prior to joining Glosten, Soles contributed to marine projects throughout the Pacific Northwest and Alaska for over 13 years as a tug operator and marine operations manager for two local marine transportation companies.
Marathon Ashland Petroleum Garners USCG Award
Marathon Ashland Petroleum LLC’s (MAP) Marine Transportation group has received the U.S. Coast Guard’s prestigious William M. Benkert Award for Environmental Excellence. Accepting the silver award on behalf of MAP Marine Transportation was Bruce Tilton, manager, Marine Transportation. “This is indeed an honor, and we are truly thrilled to receive this award, says Tilton. “Because this is the U.S. Coast Guard’s premier national award, recognizing marine environmental excellence, the competition is fierce- there are rigorous and demanding standards that a company has to meet to be considered,” adds Tilton. Tilton accepted the award from Coast Guard Rear Admiral Paul J.
USCG to Co-Sponsor Conference
The U.S. The conference focuses on the importance of the Marine Transportation System (MTS) and how the MTS structure can assist policy- and decision-makers operate efficiently, effectively, and consistently throughout the nation. Key topics will include: Harbor Safety Committee contributions to the Marine Transportation System, strategies for coordination and stakeholder participation at the port level, MTS outreach, port security, and the latest tools and technology available to the ports. The conference will be held at the Argent Hotel in San Francisco, on March 19-20, 2001. An evening reception will be held on March 18. For more information, contact LCDR Greg Case, 202-267-0386 or Karen Bradley, 703-394-4125.
Marine Transportation – New Market Research Report
The global outlook series on Marine Transportation provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers macro level discussions on this infrequently reported industry. In addition to discussions on the industry's structure, players, and cargo traffic, also included is a special reference to the containerized cargo market. Global cruise ship lines are analyzed by berth ownership for select players, among other parameters such as foodservice purchase, and average food purchases per passenger. Seasoned with unbiased commentaries on the industry's outlook, and punctuated with 29 market data tables, the industry is summarized to provide the macro picture.
MARAD Releases Guide on Research
The U.S. Maritime Administration (MARAD) released its Guide to Market Research for Marine Transportation Services. The Guide contains market research procedures for the determination of market potential for new or enhanced marine transportation services. Source: HK Law
Secretary LaHood Addresses MTSNAC
Secretary LaHood for the Department of Transportation addressed the Marine Transportation System National Advisory Council on July 23, 2009. Consistent with America’s Marine Highway Program’s mandates to reduce congestion, conserve energy, and improve the environment, the Secretary charged the Council to better integrate the Marine Transportation System into the surface transportation system. By relocating freight from highways and urban corridors to commercial waterways (where applicable), the same system which provides the transportation of individuals and families in and between cities can provide a more efficient means to move goods to the shelves of retail stores throughout the United States.
MarAd Charters MTS Advisory Council
The Maritime Administration has chartered the Marine Transportation System National Advisory Council (MTSNAC), an outgrowth of Secretary of Transportation Rodney Slater's 1999 report to Congress, "An Assessment of the U.S. The council will provide advice to the Secretary of Transportation, via the Maritime Administrator, on the current and future needs of the marine transportation system (MTS) and recommended strategies, policies, and goals for meeting them. The council will consist of no more than 30 representatives from non-federal organizations representing a broad cross-section of MTS stakeholders, including: vessel owners and operators…
GLMRI to Receive $2M in Federal Funding
The Great Lakes Maritime Research Institute (GLMRI), a joint effort by the University of Wisconsin-Superior and the University of Minnesota Duluth, will receive $2 million in federal funding. This is the second year of funding for the GLMRI collaboration, which now totals $2.75 million. Congressman James L. Oberstar (MN-8) secured the original authorization for the initiative, and Congressman Obey secured the funding in the recently-passed transportation appropriations bill. The Institute’s goal is to help maintain and promote maritime transportation on the Great Lakes. Initial research will focus on the economics and development of the Great Lakes marine transportation system…
Canada Invest in Marine Training Center
The McGuinty government is supporting Ontario’s marine transportation industry by investing in essential upgrades to the Great Lakes International Marine Training Centre in Owen Sound. “Ontario and Canada need well-trained graduates to navigate and operate our ships,” said Training, Colleges and Universities Minister Chris Bentley. The province is investing $3 million dollars to help the centre, located at Georgian College, purchase state-of-the-art visual navigation simulators, upgrade existing engineering equipment and improve distance-learning capabilities. The centre was established in 1969 and is the only accredited marine training institution in Ontario.
Kirby Q2 2009 Results
Kirby Corporation (NYSE:KEX) announced net earnings for the second quarter ended June 30, 2009 of $33.7 million, or $.63 per share, compared with net earnings of $40.3 million, or $.74 per share, for the 2008 second quarter. Kirby's published 2009 second quarter guidance range was $.52 to $.62 per share. Consolidated revenues for the 2009 second quarter were $272.7 million compared with $348.3 million reported for the 2008 second quarter. Joe Pyne, Kirby's President and Chief Executive Officer, commented, "The decline in our marine transportation and diesel engine services demand reflects a difficult economic environment. Our 2009 first quarter actions focused on early retirements, staff reductions, cost reductions and efficiency initiatives.
MarAd Issues Concept Paper
The Maritime Administration (MarAd) issued a concept paper – A Vision for the 21st Century – discussing the future of the US Marine Transportation System.
Egypt Signs Contract To Set Up A Container Station
The Egyptian Marine Transportation Sector and Suez Canal Company reportedly signed a contract to establish a container station in East Port Said harbor.
U.S. Maritime Advisory Panel Names 10 New Members
U.S. Transportation Secretary Anthony Foxx today announced the appointment of 10 new members to the Marine Transportation System National Advisory Council (MTSNAC). Established in 2010, MTSNAC is comprised of leaders from commercial transportation firms, trade associations, state and local public entities, labor organizations, academics, and environmental groups that advise the Secretary on policies to ensure that the U.S. Marine Transportation System is capable of responding to projected trade increases.
Ingram Barge Named to EPA SmartWay Program
Ingram Barge Company has been named as one of the first marine transportation companies to be accepted as a partner in the U.S. Environmental Protection Agency’s SmartWay Program. The announcement was made by Craig E. Philip, CEO of Ingram Barge Company. The EPA program, launched in 2004, was created to identify products and services that reduce transportation related emissions. The program quickly spread to partnerships with government, businesses and consumers – all resulting in measurable air-quality improvements or greenhouse gas (GHG) reductions.
Johnson Joins Senesco Marine
Senesco Marine located in North Kingstown, R.I., a part of the Reinauer family of marine companies, principally engaged in the design and construction of state of the art OPA-90 compliant double hull ATB ocean tank barges and the new generation of “Facet” tugs announces that it is bringing on board Tom Johnson who will be responsible for new business development expanding the ship builders services to the commercial market. Johnson is a 1969 graduate of the Texas Maritime Academy holding a B/S in Marine Engineering, US Coast Guard license and commission in the US Navy at the time of graduation. He has variously served with the US Army Corps of Engineers…