Kirby closes acquisition of Savage inland barge fleet

Houston-headquartered Kirby Corporation (NYSE: KEX) reports that it has completed the acquisition of Savage Inland Marine’s inland barge fleet. The total consideration paid was approximately $278 million and was financed with additional

NTSB issues report on towboat sinking

The National Transportation Safety Board has issued a Marine Accident Brief on the March 7, 2019, sinking of the 1997-built Marquette Transportation towboat St. Rita. The incident occurred at about 1430 local

Court approves ACL “pre-packaged” recapitalization

Jeffersonville, Ind.-headquartered American Commercial Lines Inc. reports that the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division has confirmed the company’s “pre-packaged” plan to recapitalize the business. The company