ACBL Planning to Repurpose Jeffboat Site
The city of Jeffersonville, Ind. announced plans are underway to redevelop the shuttered site of one of the nation’s oldest, largest and best-known inland shipbuilders.The city said it is working with the property's owner American Commercial Barge Line (ACBL) to develop a master plan for the 80-acre site along the Ohio Riverfront that was once home to Jeffboat. The southern Indiana shipyard was founded in the 1800s and served as one of Jeffersonville's largest employers until it shut down in 2018 amid a national slowdown in barge construction.As part of an agreement with ACBL…
Eye on Design: What is Old Can Be Green Again
The use of certain technologies is rarely a stand alone decision. The switch from sail to steam did not happen overnight and they actually coexisted for over a century, where, based on available technologies, in certain applications steam was more attractive and in other applications sail was more attractive.The eventual dominance of screw propellers over paddle wheels was not even driven by technological considerations, but rather by a tug of war between a paddlewheel propelled vessel and a screw propelled vessel.
Share Holders Okay Macquarie, Goldman Sachs to Acquire HES International
Riverstone Holdings and The Carlyle Group jointly announce that they intend to sell HES International to a consortium of Macquarie Infrastructure and Real Assets (MIRA) & Goldman Sachs. Macquarie European Infrastructure Fund 5, which is managed by MIRA, and West Street Infrastructure Partners III (WSIP), which is managed by the Merchant Banking Division of Goldman Sachs, have reached an agreement in principle with Riverstone Holdings and The Carlyle Group to acquire HES International. Capital for the original investment by Riverstone and Carlyle came from two funds: (i) Riverstone/Carlyle Global Energy & Power Fund IV, L.P. and (ii) Carlyle International Energy Partners, L.P. (CIEP). HES will now initiate consultations where appropriate with the relevant works councils.
A New Breed of Tug
When markets expand niches are created, goes the logic. For builders of tugs, that market is “floating gas” and the expanding use of liquefied natural gas, or LNG, as a fuel. In support of LNG, there’ll be more oceangoing tug duty — the new floating storage and regasification units, or FSRUs, mean busier LNG carriers, and LNG cargo owners have an interest in tug escorts that share their “carbon footprint”. Still, new emissions rules offer ways to keep using refinery products, and the work of master tug designers suggests the new breeds of tugs are about more than fuel.
Dubai Maritime City Land Development
DAMAC Properties continues its investment programme with plans to develop prime real estate in Dubai Maritime City. DAMAC’s plot of land on the sea-front at Dubai Maritime City will be home to a high-rise luxury tower of serviced hotel residences and further expands the company’s project portfolio in the Emirate. Dubai Maritime City is strategically located north of the main city centre and creek area business district, between Port Rashid and Dubai Dry Docks. The site is connected by a causeway to the wider road network…
World Bank Offers to Aid Jamaica's Logistics Hub Plans
Jamaica’s plans to become one of the world’s top four logistics centres has received a major boost after the World Bank committed to providing technical and other assistance for specific aspects of the proposed Global Logistics Hub initiative. The World Bank Group, through its representative to Jamaica, Giorgio Valentini, has endorsed the Government of Jamaica’s plans for the logistics hub initiative, describing it as ‘transformational’ when implemented which will significantly enhance Jamaica’s potential for growth. A 16 person delegation from the World Bank Group visited Jamaica last month for consultations on Jamaica’s Country Partnership Strategy which will feature the Logistics Hub Initiative.
