In 2014, Bouchard Transportation Co. announces plans to construct two 6,000-hp ATBs: Morton S. Bouchard, Jr. (pictured) and the M/V Frederick Bouchard, which would then enter service in 2016. That same year, the 4,000-hp tug Denise Bouchard enters service. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co. Celebrates 100 Years” magazine. For more information contact: Greg Trauthwein, email@example.com, t. 516-810-7405.
In 2013, Bouchard Transportation Co., experienced two important company milestones: BTC President/CEO Morton S. Bouchard III is inducted into the International Maritime Hall of Fame, and the company announces their donation to fund the Bouchard Transportation Co., Inc. Tug and Barge Simulation Center at SUNY Maritime College, which officially opens one year later, in 2014. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co. Celebrates 100 Years” magazine. For more information contact: Greg Trauthwein, firstname.lastname@example.org, t.
GE Profit Tops Estimates
General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher. GE affirmed its forecast for 2018 earnings and cash flow, and said it expects to book as much as $10 billion in proceeds from divesting industrial assets this year. Those comments eased concern that GE would post poor results. GE's profit reflected 7-percent revenue growth and vigorous cost cutting. Revenue rose in aviation, oil-and-gas and healthcare, offsetting declines in power, transportation, lighting and renewable energy. GE sliced $1 billion in costs, including $800 million in industrial structural costs.
By the Numbers: Barge Transportation Market
Barge transportation comprises an extensive network, ideal for carrying seaborne cargo to inland destinations and exports alike. Responsible, in part, for the worldwide trade of bulk transport, the industry is of great significance to the agricultural sector. In North America, The Army Corps of Engineers maintains and operates over 12,000 miles of canals, rivers, and inland waterways. The Illinois Waterway and Mississippi River are the major waterways in the region that are responsible for moving agricultural and farm products through barges.
Bahri Adds New VLCC Khurais
National Shipping Company of Saudi Arabia (Bahri) has taken delivery of Khurais, a very large crude carrier (VLCC), from Korean Hyundai Samho Heavy Industries (HSHI). Industry leader adds fourth VLCC this year, bringing its total number of vessels to 92,further enhancing its market-leading capabilities in crude oil transportation. The new addition is the fourth of five VLCCs to be received this year from South Korea-based Hyundai Samho Heavy Industries (HSHI), the world’s largest shipbuilding company.
American Samoa, CG Amends TWIC Rule
The U.S. Coast Guard announced it has submitted to the Federal Register a rulemaking to amend one provision of the Jan. The new rulemaking, which shares the same title as the Jan. 25, 2007 rule, amends the definition of "secure area" in Title 33, Code of Federal Regulations, Section 101.105, to state that facilities otherwise subject to 33 CFR Part 105 located in the territory of American Samoa do not have secure areas for the purposes of the Transportation Worker Identification Credential regulations. This action means that only the facility security officer and facility personnel whose primary employment responsibility is security, will be required to obtain a Transportation Worker Identification Credential per 33 CFR Sections 105.205 and 105.210.
Egypt Ports to Work 24/7 to Expedite Cargoes
Egypt will keep its ports running for 24 hours a day, up from 16 currently, in an effort to cut down on "long waiting times" for shipments, Transportation Minister Hesham Arafat said on Wednesday. The extended port hours will not come at any added cost for shippers, he said. Arafat did not specify when the new port hours would come in to effect or how long the new policy would remain in place. Traders have complained of growing demurrage fees in recent months caused by long delays for their vessels at Egyptian ports that have raised the cost of doing business.
Pangaea Logistics Acquires Panamax Bulker
Pangaea Logistics Solutions, a global provider of comprehensive maritime logistics solutions, announced that it has signed a memorandum of agreement to acquire the 2006 Imabari-built panamax M/V Madeleine for $14.2M to enhance the company's bulk fleet. This new vessel is set to be renamed and will be fully utilized in the Noranda trade, supporting Pangaea's continuous transportation capabilities to Noranda Alumina and Noranda Bauxite on a long-term contractual basis. The acquisition adds to Pangaea's fleet of panamax, ultramax and supramax ships used for supply chain logistics and shipping.
SeaBubbles: ABB Electric Water TaxiTested
A futuristic, zero-emission new design of water taxi, called SeaBubbles, was successfully demonstrated today on Lake Geneva in Switzerland. The vehicle represents a milestone in the development of new forms of transportation that do not impact the environment or place any burden on urban infrastructure. The water taxi will soon be equipped with the ABB Ability Marine Advisory System – OCTOPUS, a software solution that helps vessel operators gather and analyze all relevant data to optimize water travel.
Ocean Yield Takes Delivery of Two Vessels
Norwegian shipowner Ocean Yield ASA took delivery of newly-built handysize dry bulk vessel "La Fresnais" and "Interlink Amenity". In press release, Ocean Yield said that it took the delivery of the 2018 built handysize dry bulk vessel "La Fresnais" on April 10. Upon delivery the vessel commenced a 12 years' bareboat charter to a company owned and guaranteed by Louis Dreyfus Armateurs Group (LDA). LDA is a French family group engaged in maritime transportation and services and founded more than 160 years ago.
TFI International Buys Normandin Transit
North American leader in the transportation and logistics industry TFI International acquired Normandin Transit. Based in Napierville, Quebec, Normandin has grown rapidly since its founding in 1988 by focusing on the transportation of less-than-truckload and full truckload freight shipments to and from any U.S. or Canadian destination. Normandin operates a young fleet of over 300 tractors and 1,000 trailers. Normandin will continue to be led by Danielle and André Normandin and will operate as a standalone business unit within TFI’s Less-Than-Truckload operating segment.
Infrastructure Investments Strengthen Soybean Supply Chain
Transportation plays a crucial role in the soybean supply chain. With access to multiple transportation modes, Illinois soybean farmers enjoy significant advantages for reaching domestic and global markets. But aging transportation infrastructure can increase costs for Illinois farmers. Working with business, government and industry leaders, the Illinois Soybean Association (ISA) is addressing current infrastructure challenges and finding solutions to ensure Illinois soybean farmers have access to the resources they need to get crops to market.
Dockwise Bags Marine Transport Contracts Worth $50 Mln
Royal Boskalis Westminster N.V. said its wholly-owned subsidiary Dockwise has recently been awarded a number of marine transport contracts with a combined contract value of approximately $50 million. Dockwise was awarded a contract by Husky Oil Operations Ltd. for the transportation of the West White Rose Topside from Texas, U.S. to Newfoundland and Labrador, Canada. The contract includes the engineering, preparation and execution of the loading, transport and discharge operation of the topside. The topside will be skidded onto a large barge, which in turn will be floated onto the semi-submersible heavy transport vessel Dockwise Vanguard that will transport the cargo to Newfoundland and Labrador. The transport is expected to take place in 2021.
In 2011, Bouchard Transportation Co. establishes the Morton S. Bouchard Jr. Memorial Scholarship fund, which is designed to recognize deserving cadets who demonstrate the achievement and leadership ability to successfully pursue a career in the petroleum barge industry. The scholarship has since been formed at SUNY Maritime College, Massachusetts Maritime Academy, and Texas A&M University at Galveston.
Africa’s Ports Can Accelerate Growth: PWC
Africa needs to take advantage of the economic potential of its ports and shipping sector if it is to realise its growth ambitions. Globally, ports are gateways for 80% of merchandise trade by volume and 70% by value. Investment in ports and their related transport infrastructure to advance trade and promote overall economic development and growth is therefore vital – particularly in emerging economies that are currently under-served by modern transportation facilities. However, port investment must be channelled appropriately to ensure financial sustainability and economic growth.
Ivory Coast Urban Water Transport Opened to Outside Investors
Ivory Coast abolished a state monopoly on passenger traffic on the lagoon surrounding the commercial capital Abidjan, the government announced on Wednesday, clearing the way for outside investors. Abidjan, a city of around 6 million inhabitants, straddles the Ebrie Lagoon. The SOTRA urban transportation company, majority-owned by the state with a minority interest held by Italian bus manufacturer Iveco, runs several water-taxi lines. Government spokesman Bruno Kone said the waterways had been under-utilized. "This will allow other entities to make major investments," Bruno said after a cabinet meeting. He also announced the approval of an agreement between the transportation ministry and Rainbow Ferry Lines…
Trico Marine Names New VP
Trico Marine Services, Inc. announces the appointment of Robert V. O'Connor as Senior Vice President of Business and Strategic Development. Prior to joining Trico, O'Connor spent in excess of 20 years in the marine transportation business in commercial, technical, and financial roles with domestic and international companies. Most recently, he spent the past five years with The CIT Group, Inc., a leading commercial and consumer finance company, as Vice President of financial sales, lending to middle market marine transportation and energy companies. Prior to his tenure with CIT, he was marketing manager of Koch Chemical company where he was responsible for the marketing and trading of global bulk aromatic chemicals.
Subsea 7 Awarded Contract Offshore Nigeria
Subsea 7 S.A. announced it was awarded a contract by Mobil Producing Nigeria Unlimited (MPN) for the Production Uplift Pipeline Projects (PUPP) in shallow water, offshore Nigeria. The contract scope includes engineering, construction, transportation, installation and pre-commissioning of 20 kilometres of 24" Corrosion Resistant Alloy (CRA) pipeline between the Idoho Platform and the terminal onshore and of 2 kilometres of 24" CRA pipeline between the Edop and Idoho Platforms, as well as associated topside modifications and tie-ins at both ends.
MAN Engines for Chinese Ferry Company
Bohai Ferry Co., Ltd. has ordered four MAN 16V32/40CD propulsion plants to power two passenger vessels to supplement its fleet. The four-stroke engines will be built at MAN Diesel’s production centre in Augsburg, Germany, and will operate at 750 rpm, providing a total of 16 MW of installed power for the 2300P/2500LM RoPax vessels. The ferries will be built at Huanghai Shipbuilding Co. Ltd., in RongCheng City, Shandong Province, and the order includes an option for two other vessels. Bohai Ferry Co., Ltd.
U.S. DOT Grant $10M for Duluth Intermodal Project
The U.S. Department of Transportation (DOT) today announced a $10 million TIGER grant for the Duluth Intermodal project, one of 52 transportation projects in 37 states that will receive a total of approximately $474 million from DOT’s Transportation Investment Generating Economic Recovery (TIGER) 2013 discretionary grant program. Acting Maritime Administrator Paul “Chip” Jaenichen visited the Port of Duluth-Superior today to tour the project site and meet with local officials for the TIGER announcement. “These TIGER projects are the best argument you can make for investment in our transportation infrastructure,” said U.S. Transportation Secretary Anthony Foxx.
Main Iron Works Building New Towboats for Kirby
Houma, La. shipbuilder Main Iron Works has secured contracts to build four inland push boats for Kirby Inland Marine. The four 2680 BHP twin propeller conventional towboats will measure 88’x35’x12’2” and will join Kirby’s inland towboat fleet for the transportation of a variety of petrochemicals, refined products, oils and liquid fertilizers. Work on the new vessels is already underway, with completion dates scheduled between August and December 2018.
Maersk Line Scale Up Innovative Smart Reefers in India
In the past one year, Maersk Line, the global containerized division of the Maersk Group has enabled movement of multiple consignments of complex cargo out of India successfully, said a press release. Due to its global presence and network, the exporter network of India has been able to successfully reach out to newer geographies. Commenting on the achievement, recently appointed Managing Director for Maersk Line (India, Sri Lanka, Nepal, Bangladesh, Maldives and Bhutan), Steve Felder said, ”In the past 18 months or so, we have expanded our horizon in various new commodity categories.
Taking Inland Waterways To the Mainstream
It takes nonstop work to maintain America’s position in today’s global economy. Every day we compete against strong international rivals for demanding foreign and domestic customers. Thankfully, the American economy has a large-scale, crucial asset that gives us an edge on the rest of the world: over 28,000 miles of inland river and coastal waterways with consistent navigation at suitable depths (9 feet during 9 months of the year) – more any other nation on earth. Although we have the world’s greatest industrially-useful waterway network, we are barely using its full capacity.