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Thursday, January 18, 2018

Transportation Companies News

Susan Schrempf Receives Queen’s Diamond Jubilee Medal

Susan Schrempf, President and CEO of the Owen Sound Transportation Company was honored with the Queen’s Diamond Jubilee Medal. Throughout Ms. Schrempf’s tenure with the Owen Sound Transportation Company and Ontario Northland Transportation Commission, she has played a key role in Canada’s transportation industry. She is the past-president and 2nd vice-chair of the Canadian Ferry Operators Association (CFOA). “Susan has been an integral part of Canada’s transportation industry for many years, and we are very happy to see her receive this recognition,” said Serge Buy, CEO of CFOA. The Queen Elizabeth II Diamond Jubilee Medal marks the 60th anniversary of Her Majesty’s accession to the throne in 1952. The medal honors significant contributions and achievements by Canadians.

Container Lines to Cut Terminal Cost in China

Pic: Cosco

Eleven container liner transportation companies have promised to cut or standardize the Terminal Handling Charges (THC) in order to lower nearly 3.5 billion yuan burden of export enterprises each year, according to National Development and Reform Commission (NDRC). According to a report in Shanghai Daily, the shipping companies include  China COSCO Shipping Cooperation, Maersk line, Mediterranean shipping, Hapag-Lloyd AG, Evergreen Marine, Hyundai Merchant Marine, Nippon Yusen Kaisha, Mitsui OSK Lines, Sinotrans Shipping.

Ultrapetrol Regains Nasdaq Compliance

Transportation company Ultrapetrol (Bahamas) Ltd. regains compliance with the Nasdaq $1.00 per share minimum bid price requirement. Ultrapetrol is an industrial transportation company serving the marine transportation needs of its clients in the markets on which it focuses. It serves the shipping markets for containers, grain and soya bean products, forest products, minerals, crude oil, petroleum, and refined petroleum products, as well as the offshore oil platform supply market with its extensive and diverse fleet of vessels. These include river barges and pushboats, platform supply vessels, tankers and two container feeder vessels.

SUNY Maritime to Honor Mort Bouchard

Morton S. Bouchard (Photo: Bouchard Transportation Company)

The State University of New York Maritime College will confer the honorary degree of doctor of science degree on Morton S. Bouchard III, the president and CEO of Bouchard Transportation Company, Inc., during winter 2016 commencement exercises Friday, January 29. Mort Bouchard is his family's fourth generation to manage Bouchard Transportation Company, Inc., the largest privately owned ocean-going petroleum barge company in the United States. Bouchard Transportation operates on the East and Gulf coasts of the United States and in the Caribbean.

Maritime College to Honor Angerame, Bouchard

The State University of New York (SUNY) Maritime College said it will honor two industry leaders at its annual Admiral’s Scholarship Dinner on Tuesday, May 6. The dinner will begin at 5:30 p.m. in Vander Clute Hall on the SUNY Maritime College campus. All tables to the event are sold out. At the event, the College will honor Richard A. Angerame, Class of 1973, President and CEO of utiliVisor, and Morton S. Bouchard III, President and CEO of Bouchard Transportation Company, Inc. for their generous and continued support of the College and its students. Angerame has more than 35 years experience in the operation and performance of HVAC and utility metering systems.

Ultrapetrol Announces Redemption

Ultrapetrol (Bahamas) Limited, an industrial transportation company serving marine transportation needs in three markets (river business, offshore supply business and ocean business), has  announced that on July 10, 2013 the company will redeem all $180 million of its outstanding 9% First Preferred Ship Mortgage Notes due 2014. The Depository Trust Company (DTC) was advised of the redemption on June 10, 2013. For more information, note holders can contact the paying agent M&T Bank/Wilmington Trust at dmonakil@mtb.com.  

Alaska Marine Lines Reduces Fuel Surcharge

Photo: Alaska Marine Lines

Alaska Marine Lines, a marine transportation company providing barge service to and from Alaska and Hawaii, informs it has filed with the U.S. Surface Transportation Board to decrease the fuel surcharge from certain locations as a result of fluctuating fuel costs.   Effective September 6, the line’s fuel surcharge will be reduced from 29 percent to 28 percent on shipments to, from and within Central Alaska and Prince William Sound locations  

Diana Shipping Contract for Dry Bulk Carriers

Diana Shipping Inc. (NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, announced that it has signed, through its 100% owned subsidiaries, two shipbuilding contracts with China Shipbuilding Trading Company, Limited and Shanghai Jiangnan-Changxing Shipbuilding Co., Ltd for the construction of two Newcastlemax dry bulk carriers of approximately 206,000 dwt each for a contract price of $59m per vessel. The company expects to take delivery of the vessels during the second and third quarters of 2012, respectively. The company is considering obtaining pre- and/or post-delivery financing for the specific acquisitions.  

Paragon Shipping Sale Two Containerships To Box Ships

ATHENS, Greece, April 29, 2011 - Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company specializing in drybulk cargoes, announced today that it has completed the sale and delivery to Box Ships Inc., of both the Box Trader and Box Voyager, two 3,426 TEU high specification containership vessels built in 2010 in exchange for 2,266,600 shares of Box Ships common stock and approximately $69.2 million in cash. Box Ships Inc., was formed by Paragon Shipping and is trading on the NYSE under the symbol “TEU.”   Source: Paragon Shipping

Diana Shipping Acquires Panamax Dry Bulk Carrier

Diana Shipping Inc. (NYSE:DSX), a global shipping transportation company specializing in dry bulk cargoes, today announced that it has agreed to purchase from an unaffiliated third party the MV "Corona", a 2007 built Panamax dry bulk carrier of 73,593 dwt, for a price of US$29.99 million. The vessel, to be renamed "Arethusa", is expected to be delivered to the Company by the sellers by the end of June 2011. Source: Diana Shipping Inc.

BMF Delivers RTC 26 and RTC 27

Bollinger Marine Fabricators, L.L.C., (BMF) Amelia, La., a Bollinger Shipyards, Inc. company, has delivered the RTC 26 and RTC 27, double hull, oil tank barges built to meet the requirements of the Oil Pollution Act of 1990 (OPA’90), to Reinauer Transportation Companies, L.L.C., Staten Island, N.Y. Following the delivery of the RTC 26 and RTC 27, Bollinger announced the signing of a sister ship, Bollinger hull number 543, scheduled for delivery in the 4th quarter of 2008. Terms of the contracts were not disclosed.

Campbell Acquires Barges, Towboats from ACBL

Photo: Campbell Transportation Company, Inc.

Campbell Transportation Company, Inc. said it has signed an agreement with American Commercial Barge Line LLC (ACBL) to acquire certain affreightment contracts along with 155 barges and four towboats that will operate on the Ohio River system. Campbell said it expects to close the transaction by the end of the second quarter, subject to customary closing conditions. Once the acquisition has been completed, Campbell will own and/or manage more than 1,100 barges and 50 towboats on the inland waterways, along with four shipyard facilities and a marine construction company.

SUNY Maritime Honors Bouchard's CEO

President and CEO of Bouchard Transportation, Morton S. Bouchard III accepts the Admiral’s Award from Maritime College Interim President Dr. Michael A. Cappeto at the Annual Admiral’s Scholarship Dinner on Tuesday, May 6, 2014

President and CEO of Bouchard Transportation, Morton S. Bouchard III accepts the Admiral’s Award from Maritime College Interim President Dr. Michael A. Morton S. Bouchard Transportation Co., Inc. Bouchard Transportation Co., Inc., President and CEO Morton S. Bouchard III was honored at Maritime College’s Annual Admiral’s Scholarship Dinner for his continued support of the College and its students. In recognition of the occasion, Mr. Bouchard announced plans for the construction of an on-campus dormitory to house visitors to the Bouchard Transportation Company…

Diana Shipping Assumes Shipbuilding Contracts

Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, announced that it has assumed shipbuilding contracts from two unaffiliated parties for the construction of two Capesize dry bulk carriers of approximately 175,000 dwt each for a price of $60.4 million each. The vessels will be constructed by Shanghai Waigaoqiao Shipbuilding Co., Ltd. and Diana Shipping Inc. expects to take delivery of the vessels during the second quarter of 2010.

SUNY Maritime Opens Bouchard Tug & Barge Simulation Center

The Bouchard Transportation Company, Inc. and the State University of New York Maritime College (SUNY Maritime) today held a ribbon-cutting ceremony to celebrate the official opening of the Bouchard Tug & Barge Simulation Center. The Bouchard Tug & Barge Simulation Center is a training facility that incorporates Kongsberg’s Polaris Bridge Simulation technology and utilizes an industry-inspired bridge console arrangement, with the latest hydrodynamic ship models and exercise areas.

MOL Appoints Agents in Romania and Ukraine

Mitsui O.S.K. Lines (MOL), one of the world's largest global multimodal transportation companies, announced the appointment of a new shipping agent in Romania and Ukraine.   As of March 1, Amity Shipping will manage all MOL liner agency activities in Romania and the Ukraine.

Eagle Bulk Shipping Takes Delivery of Supramax Drybulk Vessel

Eagle Bulk Shipping, Inc., a global marine transportation company specializing in the Supramax segment of the dry bulk shipping industry,announced that it has taken delivery of the Shrike, a 2003 built 53,343 dwt Supramax dry bulk vessel. The Shrike was acquired as part of a three vessel transaction announced on February 28, 2007. The Shrike will immediately commence a 24-27 month charter at a rate of $24,600/day. The charterer has an option to extend the charter period by 12-14 months at a rate of $25,600/day.

Chemoil / All Round Fuel Trading Debut New Barge

The 6,745 metric tonne (mt) Maxima is now operational in Rotterdam. The Maxima represents the future for European bunker supplies. The double-hulled tanker barge was launched in Rotterdam of the Maxima. Jointly owned by bunker supplier Chemoil / All Round Fuel Trading BV (Chemoil/ARFT), fuel oil transportation company FTS/Hofftrans, and shipbuilder Breko Nieuwbouw under the name Maxima Tankers BV, the Maxima will begin operations on April 29.

Donahue to Direct PwC Freight Transportation

John Donahue

PwC US today announced the addition of John Donahue as a director in the firm’s transportation and logistics sector within the larger Industrial Products practice. With more than 25 years of experience in all aspects of the transportation and logistics industry, Donahue will be responsible for leading the freight-related segments for the firm’s transportation and logistics engagements. According to PwC, Donahue will help freight transportation companies implement new business strategies…

New Tool at SCI

Additional simulator in SCI’s Houston Center for Maritime Education enlarges capacity for specialized assessment and training. This month, the Seamen’s Church Institute (SCI) completes construction of an environment tailored for one-on-one mariner skill appraisal. SCI’s new Houston simulator manufactured by Transas provides a dedicated tool for assessments, corrective action implementation and company human resource evaluations. The new simulator suite contains a single full-mission bridge pilothouse…

Allegretti Addresses API Tanker Conference

AWO President & CEO Tom Allegretti

Appearing before the American Petroleum Institute’s Tanker Conference in Austin, AWO President & CEO Tom Allegretti affirmatively stated that the domestic maritime industry is fully committed to serving its customers and the country as the nation’s energy economy grows, highlighting the significant investment American marine transportation companies have made and are continuing to make in state-of-the-art vessels to meet near-term and long-term transportation needs. Allegretti spoke at the conference on behalf of both AWO and the American Maritime Partnership. “The transformation of the U.S.

Ingram Barge Named to EPA SmartWay Program

Ingram Barge vessel Henry B (Photo courtesy USACE)

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.

RTC Acquires Senesco Marine

The North Kingstown-based Senesco Marine, previously known as the Southeastern New England Shipbuilding Corp., has been acquired by Reinauer Transportation Companies LLC, according to a report in the Providence Business News - www.pbn.com. Terms of the deal were not disclosed. The North Kingstown company formally changed its name to Senesco Marine in October 2003, when it also announced it was streamlining its design and construction procedures to speed delivery. It is headquartered in the Quonset Business Park, where it has a fully paved 25-acre new-construction facility, with more than 215,000 feet of covered floor space, and a 6-acre repair facility with a 1,200-foot-long pier in 35 feet of water.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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