Kirby Announces 2Q Results
Kirby Corporation (NYSE: KEX) has announced net earnings attributable to Kirby for the second quarter ended June 30, 2017 of $25.8 million, or $0.48 per share, compared with $38.9 million, or $0.72 per share, for the 2016 second quarter. Second quarter net earnings includes pre-tax expenses of $0.7 million, or approximately $0.01 per share, related to the pending acquisition of Stewart & Stevenson LLC (“S&S”). Consolidated revenues for the 2017 second quarter were $473.3 million compared with $441.6 million reported for the 2016 second quarter.
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.
Canada Extends St. Lawrence Seaway Agreement
Canadian transport minister Marc Garneau announced a five-year extension to the Government of Canada’s agreement with the St. Lawrence Seaway Management Corporation to manage, maintain and operate the Seaway. This extends the existing agreement until March 31, 2023, and will provide stability for the St. Lawrence Seaway Management Corporation and the marine shipping industry. A vital artery between the Great Lakes and the lower St. Lawrence River, the St. Lawrence Seaway connects the heartland of North America to the world as an important, competitive and sustainable transportation corridor. The St. Lawrence Seaway consists of 15 locks and connecting canals or channels extending from Montreal to Lake Erie. Within the Great Lakes and St.
TSA, Coast Guard to Facilitate Exercise
The Transportation Security Administration (TSA) and the U.S. Coast Guard will facilitate a port security exercise on August 31 in Baltimore to evaluate preparedness, prevention and the ability to respond to and recover from a terrorist-related incident. The Port Security Training Exercises Program (PortSTEP) is focused on building links within the Area Maritime Security (AMS) Committee. The committee assists the captain of the port in writing, reviewing and updating an AMS Plan in addition to supporting other transportation entities that depend upon the port being secure. The exercise will involve the entire port community, including both public governmental agencies and private industry.
Field hearing on Delaware River Spill
The Subcommittee on Coast Guard and Maritime Transportation of the House Committee on Transportation and Infrastructure conducted a field hearing in Philadelphia regarding circumstances surrounding the November 26, 2004 oil spill in the Delaware River. The Committee also released the Opening Statement of Representative LoBiondo (R-NJ), chair of the Subcommittee. At the same time, the Coast Guard issued a Press Release the included photographs of an anchor removed from the Delaware River. The anchor will be examined to determine whether it was involved in the holing of the tanker ATHOS I. source: HK Law
Shaver Transportation Selects Rapp Marine Winch Package
Shaver Transportation of Portland, OR, operating vessels within the Columbia River region of the Pacific Northwest for over a hundred years, has selected Rapp Marine as the supplier of the two heavy-duty load handling winches on their latest tugboat. Rapp Marine has almost two decades of experience of designing and delivering rugged winches for workboat market, and has been around as a company for over a hundred years as well. The latest tugboat to the Shaver Transportation fleet is designed by Jensen Maritime of Seattle, WA and is under construction at Diversified Marine of Portland, OR.
TRW Selected to Perform Port Vulnerability Assessments
The U.S. Department of Transportation has selected TRW Inc. to assess the vulnerability of the nation's most critical commercial and military seaports, under a 5-year contract worth up to $31 million. "Securing our nation's ports and maritime transportation system is a vital component of our overarching transportation security mission," said U.S. Secretary of Transportation Norman Y. Mineta in announcing TRW's selection. Under contract to the Coast Guard, TRW will develop model port security guidelines, conduct assessments of at least 55 U.S. ports, and develop a port vulnerability self-assessment methodology to help local port stakeholders evaluate and improve security conditions.
Crowley Companies Move into Secaucus, NJ
Crowley companies - Crowley Liner Services, Marine Transport Lines (MTL), Mormac Marine Enterprises (MME) and Intrepid Ship Management (Intrepid) - have moved to a new location in Secaucus, NJ. Jersey 07094. transportation services and MME and Intrepid's ship management services. and transportation services segment. The phone number for Crowley is (201) 821-7100 or (800) 443-0548. number for MTL and Intrepid is (201) 821-7000, MME is (201) 821-7070. Information about all can be found online at www.crowley.com.
DHS Call for Biometric ID Proposals
After three years of little movement, the plan to furnish transportation workers with biometric ID cards is suddenly on the fast track, Washington Technology reported. The Homeland Security Department in May will solicit proposals for widespread deployment and make an award in July. But concerns remain about how the program, known as the Transportation Workers Identification Credential, will be funded and structured. Several large federal contractors, including BearingPoint of McLean, Va. and Lockheed Martin Corp., have confirmed they are interested in bidding for the fourth phase of the contract, which is production and deployment of cards for 850,000 port workers nationwide.
Iran's Chabahar Port Signs Pact with India Ports Global
India Ports Global has signed a contract with Aria Banader of Iran to equip and operate two terminals at Chabahar - Shahid -Beheshti Port in Iran for transportation of goods and other purposes. "As per Article 6 of the contract, effort are to be made to commence commercial operations at Chabahar –Shahid- Beheshti Port in Iran within 18 months from the contract activation date or 4 months from the date on which the Lessor hands over the Terminals and the infrastructure facilities to the Lessee in accordance with the terms of the Contract," said a press release from the government.
Brookfield Buys Stake in Teekay Offshore
Canadian asset manager Brookfield Business Partners will buy 60 percent of Teekay Offshore Partners, a subsidiary of marine transportation provider Teekay Corp, for about $750 million, Reuters reported quoting company sources. Brookfield said it would invest $610 million to buy the stake in Teekay Offshore and will also acquire a $200 million loan given by Teekay Corp to Teekay Offshore. Teekay Corp in a separate statement said, following the transaction, it would own 14 percent of Teekay Offshore.
Innovative Financing Increases Infrastructure Unvestment
Last July, President Obama announced the Build America Investment Initiative, an Administration-wide effort aimed at boosting private investment in our nation’s infrastructure. And Friday, Vice President Biden announced new steps that federal agencies are taking to bring private sector capital and expertise to bear on improving our nation’s roads, bridges and broadband networks. These actions and announcements are the first steps that the Administration is taking as part of the Build America Investment Initiative’s two-year action plan. These steps highlight important progress within DOT.
Diana Shipping's Vessel Melite Grounds off Indonesia
Greek dry bulk owner Diana Shipping's Panamax bulk carrier, Melite, has been temporarily disrupted due to a grounding incident at Pulau Laut, Indonesia. "The employment of one of its Panamax bulk carriers, the m/v Melite, has been temporarily disrupted due to a grounding incident at Pulau Laut, Indonesia," said a statement from the company. Although the Company is still assessing the situation, the crew is in no danger as a result of this incident and there has been no pollution. It appears that the vessel has suffered damage to her hull resulting from the grounding.
President Bush signs Marine Highway Legislation
On Dec. 19, 2007, President George W. Bush signed into law the Energy Independence and Security Act of 2007, which contains provisions establishing a formal marine highway program within the federal government. Under the new law, marine highway or "short sea" transportation refers to the carriage by vessel of cargo in containers, loaded on the vessel by cranes or by means of wheeled technology. Specifically, the new law requires the establishment of a program and the designation of transportation projects to mitigate landside congestion. The program will encourage the development and expansion of vessels, shippers, port and landside infrastructure, and marine transportation strategies by state and local governments.
Asia-Pacific Nations Pledge Cooperation on Clean, Energy-Efficient Transportation
Transportation, Energy Ministers from Asia-Pacific Nations Pledge Cooperation on Cleaner, More Energy-Efficient Transportation. Transportation and energy ministers from 21 economies in the Asia-Pacific region today agreed to continue progress on initiatives to make transportation in the region cleaner and more energy-efficient, U.S. Transportation Secretary Ray LaHood and U.S. Energy Secretary Steven Chu announced today. The announcement came during the first-ever joint Transportation and Energy Ministerial Conference held by the Asia-Pacific Economic Cooperation (APEC)…
ACL Delivers on Time in 2007
American Commercial Lines Inc. (ACL) announced that it achieved an 86% on-time delivery performance during 2007 for scheduled service. In addition to being the lowest cost, cleanest, safest and most fuel-efficient mode of transportation in the U.S., ACL has now established its scheduled barge transportation service as a reliable source of transportation. Commenting on this performance, Mark R. Holden, President and Chief Executive Officer, said "This is perhaps our most important achievement over the past three years, transforming ACL from a barge operator into an advanced transportation company. By establishing barge transportation as a reliable source of transportation, we broaden our available markets.
Port of Long Beach Uses Education to Boost its Competitiveness
The Port of Long Beach said it has not lost sight of the significance of professional development in supporting the Port‘s decade-long, $4 billion investment in upgrades and efficiency improvements. The port’s commitment to boosting its competitiveness in the long term extends beyond rebuilding and replacing outdated facilities and infrastructure, to ensuring its human resources are prepared to help build the port of the future. “Having a full understanding of all the operations…
Where are Rivers and Ports in Obama’s Plan?
Waterways Council’s Inc. (WCI) and its more than 200 members were surprised and disappointed with President Obama’s announcement on September 6 that he intends to ask Congress for at least $50 billion in funding for infrastructure but made no mention of waterways infrastructure projects. Roads, rails and runways — why not Rivers? WCI issued a press statement reacting to the Obama announcement: “While the nation celebrated Labor Day and all that the workforce has done to make America great…
Ray LaHood Accepts 2013 WTS Navigator Award
Former U.S. Secretary of Transportation Ray LaHood accepted the 2013 WTS Navigator Award—the first ever awarded by WTS International--at the Mayflower Renaissance Hotel in Washington, DC, Tuesday night. The Navigator Award was created by WTS, the association for building the future of transportation through the global advancement of women, to recognize the achievements of an individual or organization for extraordinary efforts to attract, retain, and advance women in the transportation industry. “WTS was honored to have Mr.
Ross & Baruzzini Appoints Transportation Director
Allan Shapiro has joined Ross & Baruzzini as Vice President and Director of the Transportation Group. In this role, he is responsible for managing the firm’s aviation, seaport, rail transit, and surface transportation practice. Allan brings to Ross & Baruzzini over 35 years of experience in the transportation field. He recently served as the Senior Transportation Manager for L-3 Communications and previously as the Officer-in-Charge and as the senior transportation management professional for several national architectural, engineering and program management firms. (www.rossbar.com)
U.S. Secretary of Transportation Mineta To Announce Grants
U.S. Secretary of Transportation Norman Y. Mineta will announce $92.3 million in grants to 77 seaports to enhance the security of the maritime transportation system. The Secretary will be joined in making the announcement today by Congressman Bill Young (FL), U.S. Coast Guard Commandant Admiral Thomas H. Collins, U.S. Maritime Administrator William Schubert, Rear Admiral Richard E. Transportation Security Administration (TSA) and Joseph J. Seymour, Executive Director, and Charles A. Authority of New York and New Jersey. The announcement will take place at 2:00, p.m., at Battery Park in New York. Congress provided funding for the grant program to the U.S. Department of Transportation’s Transportation Security Administration, which is responsible for security in all modes of transportation.
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…
Odfjell Acquires Five Chemical Tankers
Odfjell SE informs it has signed a final agreement to acquire five chemical tanker newbuilds from Chemical Transportation Group, Inc (CTG) and form a pool of 15 chemical tankers. The transaction has been signed and completed, Odfjell said, after it announced on June 16 that it inked a term sheet with CTG to form the vessel pool and acquire CTG’s final five 25,000 dwt stainless steel newbuilds on order from Chinese shipyard AVIC Dingheng. Odfjell said it will pay $40 million per vessel upon delivery from shipyard.