Mississippi River Vessel Traffic Halted Due to Breakaway Barges North of St. Louis -Army Corps

By Tom Polansek CHICAGO, Sept 26 (Reuters) - The Mississippi River closed to vessel traffic north of St. Louis on Wednesday after barges carrying loads of corn broke free from one another and struck a river lock, the U.S. Army Corps of Engineers said. The accident took place at Lock and Dam 25 near Winfield, Missouri, and involved a vessel towing 12 barges south on the … [Read more...]

U.S. Coast Guard to Hold Public Hearing on Fatal Bouchard No. 255 Barge Explosion

The U.S. Coast Guard is scheduled to conduct a formal public hearing beginning Monday to consider evidence related to an explosion and fire aboard the Bouchard No. 255 tank barge that claimed the lives of two people. The explosion, fire, and subsequent loss of life took place off the coast of Port Aransas, Texas on October 20, 2017. The Coast Guard said initially that the … [Read more...]

Traders Rush to Move Diesel Up Rhine as Water Level Ebbs

By Bill Lehane (Bloomberg) -- Traders are racing to move barges of diesel and gasoil up the Rhine River, one of Europe’s key shipping arteries, as declining water levels caused by a dry spell impede transport. Cargoes of the fuels moving inland from the river’s mouth in the Netherlands have jumped by 50 percent since May, according to estimates from researcher PJK … [Read more...]

U.S. Barge Operator Tidewater Reportedly Put Up for Sale

By Gillian Tan (Bloomberg) -- Stonepeak Infrastructure Partners, a $15 billion firm led by former Blackstone Group LP dealmakers, is seeking to sell barge and terminal operator Tidewater Holdings Inc., according to people familiar with the matter. Tidewater could fetch a price around $500 million, said some of the people, who asked not to be identified because the sale … [Read more...]