tank barge

Kirby Corporation reports increased earnings

America’s largest tank barge operator, Houston-headquartered Kirby Corporation (NYSE: KEX), has reported net earnings for the quarter ended September 30, 2023 of $63.0 million or $1.05 per share. That’s up on its earnings of $39.1 million or $0.65 per share for the 2022 third quarter. Consolidated revenues for the 2023 third quarter were $764.8 million compared with $745.8 million reported for the 2022 third quarter.

These figures were slightly below analysts expectations, and Zacks Equity...

https://www.marinelog.com/inland-coastal/kirby-corporation-reports-increased-earnings/

EverGreen Seal gains ERL an AWO safety award

The American Waterways Operators reports that its Tankering & Barge Operations Subcommittee has presented AWO affiliate member ERL Inc. with the panel’s third annual safety award.

The award was given ERL for he creation and testing of its EverGreen Seal. The EverGreen Seal replaces current braided Teflon gaskets and reduces cargo vapor emissions from tank barge hatches by more than 90%, improving safety for mariners and shore tankering personnel as well as environmental sustainability.

The award...

https://www.marinelog.com/inland-coastal/inland/evergreen-seal-gains-erl-an-awo-safety-award/

Kirby awarded $17.4 million in Houston Channel collision case

In a July 8 ruling, U.S. District Judge Jeffrey Vincent Brown has awarded Kirby Inland Marine $17,398,488 in a case stemming from the May 10, 2019, Houston Ship Channel incident in which the LPG carrier Genesis River collided with a 297 foot long tank barge being pushed ahead by the 69 foot long Kirby Inland Marine towing vessel Voyager.

As a result of the collision, two cargo tanks in the barge were breached, spilling petrochemical cargo into the waterway, and a second barge in the Voyager tow...

https://www.marinelog.com/inland-coastal/inland/kirby-awarded-17-4-million-in-houston-channel-collision-case/

Southwest Shipyard delivers Shearer Group-designed 23K barrel tank barge

The Shearer Group Inc. (TSGI) has announced the delivery of a 250’x54’x12’-6”, 23,000 bbl. tank barge built by Southwest Shipyard L.P., Houston. (The name of the owner was not disclosed.) Southwest Shipyard contracted TSGI to develop the design of the barge. The barges primary mission is to deliver jet fuel to support U.S. Navy assets.

The new barge was designed to ABS Rules for Building and Classing Steel Vessels for Service on Rivers and Intracoastal Waterways and applicable rules by the U.S....

https://www.workboat.com/news/shipbuilding/southwest-shipyard-delivers-shearer-group-designed-23k-barrel-tank-barge/

Kirby posts first quarter losses, citing Covid-19 and oil patch slowdown

The effects of a sliding oil market and the coronavirus are starting to be felt by the nation’s largest tank barge operator, with Kirby Corp. posting a $248.5 million net loss for the first quarter of 2020.

The loss is notable as the Houston-based barge line had reported a profit of $44.3 million for the first four months in 2019 and had a relatively good financial year that included several important acquisitions and occurred despite difficult operating conditions caused by prolonged high water...

https://www.workboat.com/news/coastal-inland-waterways/kirby-posts-first-quarter-losses-citing-covid-19-and-oil-patch-slowdown/

Arcosa launches first barge from reopened facility

After reopening its idle barge manufacturing operations earlier this year, Arcosa Marine’s Madisonville, La., facility launched its first barge on July 25. The 297.5’x54’x12′, 30,000-bbl. tank barge E2MS 314 was built for E Squared Marine Service LLC, Houston.

Arcosa Marine has built several barges for E Squared since its founding in 2012. The E2MS 314 is the first of two additional 30,000-bbl. tank barges Arcosa will deliver to company. Both liquid product barges were scheduled to be delivered...

https://www.workboat.com/news/shipbuilding/arcosa-launches-first-barge-from-reopened-facility/

Bay Shipbuilding to build 5,400 cubic meter LNG barge for East Coast route

Fincantieri Bay Shipbuilding, Sturgeon Bay, Wis., has been awarded a contract to build a new 340’x66’x32’10”, 5,400-cubic-meter tank barge for Polaris New Energy (PNG). The contract includes options to build two sister barges, The barge will be used for the coastwise transportation of liquefied natural gas (LNG).

NorthStar Midstream, a portfolio company of funds managed by Oaktree Capital Management LP, recently formed Polaris New Energy, a marine transportation company focused on the...

https://www.workboat.com/news/shipbuilding/bay-shipbuilding-to-build-5400-cubic-meter-lng-barge-for-east-coast-route/

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