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Thread: Kirby Buying Bouchard?

  1. #1
    JohnSmithUSMM Guest

    Default Kirby Buying Bouchard?

    I heard for the first time 5-6 weeks ago, that Kirby was looking at Bouchard to purchase them in 2013. Now today, I heard it again from another man at crew change. Anyone else hear anything?

    My concern is that Kirby has 77% of the Inland business (not counting their charters) and with their purchases of coastal companies, they now have 33% of that market.
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    ATB2N2 is offline gCaptain Crew
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    That would be to costly at this stage in the game. I find it very unlikely.
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    z-drive's Avatar
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    Default Re: Kirby Buying Bouchard?

    Unlikely. I recall hearing their financing ability was about maxed out at the Penn purchase. Eliminating Bouchard would only leave Reinauer, Hornbeck and Moran for east coast product. I'd guess they would start the anti-trust complaints pretty soon. Also I would consider Bouchard too big to buy at this point; maybe before K-sea happened it was possible. There were big rumours Reinauer was being bought, hornbeck was being bought, and so on. Maybe there was truth when they were shopping around but i doubt it now. Companies with aggressive newbuild or rebuilt equipment such as Reinauer and Bouchard would be a tough sell. Its tough to lowball solid up to date equipment. A lot of the k-sea stuff was aging (as noted in several Kirby press releases) and that probably helped the cause.

    I doubt Morty would sell for anything less than a few times more than fair market value too.

    I'll start a rumour next week at crewchange that Kirby is looking to buy exxon-mobil. Why not?
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    BargeMonkey is online now Old Salt
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    Default Re: Kirby Buying Bouchard?

    The capability of the rumor mill, especially on this website is unlimited. About 5-6 years ago we had a company wide rumor that the case's of "foss" paint where on thier way down to the boats, and it created panic. Kirby bought Penn for 2 reasons, the equipment was alot newer and nicer, and because of the connections and contracts Penn had moving black oil. Vane has killed Kirby-sea in nyc for bunker work, shut them right out, which was k-seas bread and butter in nyc. I would place my 2cent bet on vane being bought before bouchard.
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    kfj
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    Morty would never just sell because of his ego
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    Tugted is online now Old Salt
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    There used to be a rumor Foss was buying Mac
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    kfj
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    I heard OSG is buying Kirby in an all cash de
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    Default Re: Kirby Buying Bouchard?

    Quote Originally Posted by kfj View Post
    I heard OSG is buying Kirby in an all cash de
    HA, now there's a good one. Be careful, someone might actually believe that...
    "And all I ask is a tall ship and a star to steer her by..."
    As I was a walkin' down London Road I come to Paddy West's house. He gave me a feed of "American hash" and he called it "Liverpool Scouse". He said, "There's a ship who's wantin' hands, and on 'er ye'll quickly sign! The mate is a bastard, the bos'un's worse but she will suit ye' fine!
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    Quote Originally Posted by kfj
    I heard OSG is buying Kirby in an all cash de
    HAHAHAHAHAHA they can barely pay us! Ill have to float that one around the fleet...
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    kfj
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    Do it. It came from a real good source :-)
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    Default Re: Kirby Buying Bouchard?

    You know if you haven't heard a rumor by 7am its time to start one. Thats galley talk basics.
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    Default Re: Kirby Buying Bouchard?

    I saw Bob Magas on a Reinauer tugboat today at their yard. He's a Port Engineer for Kirby/K-Sea. Rumor has it that he was checking out the barge Connecticut that belongs to Moran as well. Should be interesting in the next 6 months.
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