MARAD Awards Marine Highways Grants
The U.S. Department of Transportation’s Maritime Administration (MARAD) on Monday announced more than $7.5 million in grants to nine Marine Highway projects. The funding, provided by MARAD’s America’s Marine Highway Program, will go toward enhancing existing services in Florida, South Carolina, Kentucky, Louisiana, Michigan, Oregon, Texas, Virginia, and Washington“This $7.5 million investment will improve our country’s vital fuel-efficient waterway transportation system, which makes an important contribution to exports and economic growth,” said U.S. Secretary of Transportation Elaine L.
Kawasaki Wins AiP for LNG Floating Power Plant
Japanese manufacturer of transportation equipment and machinery announced that it has obtained Approval in Principle (AiP) for its liquefied natural gas (LNG) floating power plant equipped with its own gas turbine (combined cycle power plant (CCPP) model).This approval was obtained from world-leading ship classification organization DNV GL based on its latest “Gas Power Plant” rules, which were introduced in 2018.An LNG floating power plant is an integrated system in which LNG fuel tanks, LNG regasification unit, power generation equipment and switchyard are all outfitted on the hull.
CC Industries Acquires Southern Towing
Chicago-based CC Industries acquired Southern Towing Company (STC) from Trive Capital and McCombs Partners. Founded in 1958, STC is one of the largest operators of towboats and barges along the inland waterways of the United States.This acquisition expands CCI’s portfolio of industry-leading businesses, and marks another CCI investment in the transportation equipment and logistics sector.“STC is a remarkable business with a long history of excellence,” said Bill Crown, President and Chief Executive Officer of CCI.
Korea's Shipbuilders Rise on Country's Top Ranking for Orders
Shares of South Korean shipbuilding companies jump, boosted by the country's tally of orders in January to October as well as a positive outlook for the sector.outh Korea's volume of orders in Jan-Oct ranked the highest, with the country securing about 45 pct of total orders, according to industry sources citing the lastest data from Clarksons Research.South Korea is expected to remain the top ranked for ship orders this year as it exceeds No. 2 China at 31 pct, according to the report.
Eurotainer Appoints APM Terminals as Agent for Argentina
Eurotainer US, Inc. has selected APM Terminals Inland Services Argentina as the exclusive agent for the sales and marketing of its tank container leasing services in Argentina.APM Terminals serves the Argentinian market through five strategically located Inland Service Depots located in key markets along the full length of the country. The company offers equipment lifecycle management, transportation services and cargo support.The company's Puerto Deseaso Depot has an established…
Kalmar-Navis Intermodal Automation Solution for Moorebank Logistics Park
Kalmar, part of Cargotec, and Navis, part of Kalmar Business Area within Cargotec, have been awarded the contract to supply a state-of-the-art, fully automated intermodal terminal solution for Qube's Moorebank Logistics Park (MLP) in south-western Sydney. The order, valued at approximately EUR 80 million, includes the supply of the OneTerminal solution comprising Kalmar's automated train handling, automated yard crane and automated horizontal transportation equipment and the Navis N4 terminal operating system (TOS). It was booked into Cargotec's 2018 second quarter order intake.
China's Shipping Route to Iran
Two state-run Chinese firms - China National Transportation Equipment & Engineering Co Ltd (CTC) and Dalian Shipbuilding Industry Co (DSI) - are pushing for multi-billion dollar Intermodal transport deals with Iran, says a report in Reuters. CTC is close to finalizing an agreement on the $3 billion rail project to connect Tehran with the northeastern holy city of Mashhad, a Chinese source told Reuters. China's Export and Import Bank (EXIM) is expected to fund 85 percent of the cost for the 930-km (580 mile) rail project.
Greenbrier Condoles the Passing of Emeritus Board Member Atiyeh
The Greenbrier Companies, Inc. says it joins all of Oregon in expressing its condolences to the family of Victor G. (“Vic”) Atiyeh, former Governor and past member of Greenbrier’s board of directors. Atiyeh died late Sunday at the age of 91. He is remembered as a two-term Governor who helped shape the modern economy of Oregon, where Greenbrier continues to grow and prosper to this day. Atiyeh completed eight successful years as Governor from 1979-1987 that were preceded by decades of impactful service in the Oregon Legislature.
CaroTrans Launches Direct Le Havre to Houston
Strategic European hub location offers fastest transits from France to U.S. Gulf. CaroTrans announced a new, weekly LCL export service from Le Havre, France to Houston which will commence April 5. This direct service shortens shipping time by 5-11 days for freight moving from France to the U.S. Gulf region including: Houston, Dallas, San Antonio, El Paso, Laredo Austin, New Orleans, Tulsa, Oklahoma City, as well as Los Angeles on the West Coast. The Le Havre departure point eliminates the congestion, delays and additional handling associated with routing via Antwerp and Rotterdam.
High Fuel Prices Draining Global Economy Says New Report
The forecasts and business strategies of carriers and manufacturers of transport-oriented capital goods indicate the industry is bracing for an era of higher energy prices and increased regulations, according to 'Transportation Outlook', a study conducted by Forbes Insights on behalf of CIT Transportation Finance. “This study highlights the fact that transportation executives are preparing for a future of uncertainty, both in terms of fuel prices and regulations,” said Jeff Knittel , President of CIT Transportation Finance . Fuel prices and rising energy costs are impacting the global economy: More than eight out of 10 (81%) executives say uncertainty surrounding energy policies is hampering global economic recovery.
Crowley & Titan Salvage Complete 'Sandy' Relief Projects
Crowley Maritime Corp. & subsidiary TITAN Salvage look back on their comprehensive work in response to Hurricane 'Sandy'. The storm devastated the U.S. Northeastern coast in late October 2012, and the companies were fully involved in support of relief organizations working in the areas hardest hit by 'Sandy'. The combined response efforts provided by Crowley and TITAN were extensive. Shortly after the storm, the S.S. Wright, a Crowley-managed, Maritime Administration (MARAD) Ready Reserve Force ship…
Richard Paine explains why depreciation is a very specialized section of the tax laws, especially when it comes to your fleet assets. The Great Lakes Towing tug “North Dakota” was built as the “John M. Truby” in 1910 at a cost of $18,576.23. After 102 years, she still plies the waters of the Great Lakes daily, working hard and reliably for her owner. A recent survey valued her at over $500,000.00. Eventually, everything ages and wears out. You do, your car does, and so do your copier and computer. As they travel through their useful life and wear out, their value diminishes. When you drive off in your new car, fresh off the dealer’s lot, you can, to paraphrase Ross Perot, hear the sucking sound of a couple of thousand dollar bills flying out the window.
SCF Liquids Chooses Helm Marine Ops Software
Edoc has confirmed that SCF Liquids (SCF) has chosen Helm Marine Operations software (Helm) to run itsoperations. SCF Liquids is part of Seacor Holdings Inc.'s Inland River Services business segment and a sister company to SCF Marine Inc. Together, the business segment owns, operates, invests in and markets inland river transportation equipment. “We are thrilled to welcome SCF Liquids to the Helm family,” said Ron deBruyne, CEO and Founder of Edoc Systems Group, developers of Helm.
US-based 1EM Triple Capacity After French Acquisition
1 Engineering & Manufacturing (1EM) is an engineering and manufacturing company in the United States specializing in the provision of advanced manned and unmanned intervention systems for the sub-sea oil and gas industry. After acquiring and-renaming the large-scale fabrication and engineering unit previously owned by France-based Veolia Environmental Services, the new U.S.-based owners of 1 Engineering & Manufacturing (1EM) say they have moved quickly to triple their operating capacity as demand for energy production and transportation equipment grows. Business partners Mark Berge and Todd Marohl launched 1 Engineering & Manufacturing…
Kings Bay Sub Base Contract Awarded
Kings Bay Support Services, L.L.C., Baton Rouge, La., is being awarded a $35,188,366 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for base operations support services at Naval Submarine Base, Kings Bay. The work to be performed provides for base operations support services including public safety, harbor security, security operations, supply, personnel support, facilities support, facility management/facility investment, other (swimming pools), pavement clearance, utilities, chiller, electrical, wastewater, steam, water, telecommunications, compressed air, base support vehicles and equipment, and environmental. Services also include vertical transportation equipment located at Shellman Bluff, Ga.
Transas Equips Brodospolit Tanker
Transas has delivered a comprehensive equipment set to the first of two P-960 project tankers to be built at the Brodosplit Shipyard, Croatia. The equipment contract for the two 108,000 tons displacement tanker new buildings was signed in November 2002. M/T “Sakhalin Island” is supplied with a complete Transas Navi-Sailor 3000 ECDIS, designed in compliance with the latest IMO regulations for UAIS interface, and is enhanced with navigational consoles, ARPA/Radar and Navi-Conning display.
ACL Announces $30m Barge Order
American Commercial Lines Inc. announced it has secured a $30 million multi-year contract with Statia Terminals New Jersey, Inc., a division of Valero, LP to build ABS certified ocean tank barges. Construction at Jeffboat LLC, a division of ACL, will start in the fourth quarter of 2006 for deliveries in 2007 and 2008. Commenting on the order, Jerry Linzey, SVP Manufacturing stated, "The addition of Valero, the largest refiner in North America, as a customer is a significant accomplishment. We continue to diversify our business with the increased presence in the coastal transportation equipment market which not only broadens our product offering but also begins to insulate the shipyard from the cyclicality of the inland barge construction market.