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
In a tough market, how can inland and coastal operators finance projects such as newbuilds needed when the costs of Sub M compliance make keeping older tonnage on the water increasingly expensive?
New Orleans headquartered Canal Barge Company reports it has reached agreement with Pine Bluff Sand and Gravel (PBSG) to acquire five of its towboats and to offer employment to its 80 professional
The Coast Guard has transitioned from pollution response to the investigation phase of the major marine casualty that occurred July 5, 2019, involving three vessels that sank in the Illinois River near
NOVEMBER 9, 2018 — Bayou La Batre, AL, shipbuilder Master Marine, Inc. has signed contracts for six towboats and has laid the keels for the first two vessels. All six will be
JULY 26, 2018 — Kirby Corporation reported GAAP net earnings for the second quarter ended June 30, 2018 of $28.6 million, or $0.48 per share, compared with $25.8 million, or $0.48 per
FEBRUARY 5, 2018 — Kirby Corporation (NYSE: KEX) reports that it has signed a definitive agreement to acquire Higman Marine, Inc. and its affiliated companies for approximately $419 million in cash, subject
MAY 10, 2017 — The American Waterways Operators (AWO) has approved classification society Lloyd’s Register (LR) as a third-party organization authorized to conduct audits of member operations as part of the AWO
MAY 2, 2017 – Kyle Curtis has joined The Shearer Group, Inc. (TSGI), Houston. Mr. Curtis has joined the naval architecture, marine engineering & marine surveying firm as a naval architect. Prior
JANUARY 6, 2017 — Eastern Shipbuilding Group, Inc, Panama City, FL, has continued its deliveries of 90 ft inland towboats to Florida Marine Transporters LLC, Mandeville, LA, with the 64th and 65th