File Photo: Ken Schulze / Shutterstock.com</font> Indiana-based barge company American Commercial Lines announced Tuesday an agreement with its lenders to file for Chapter 11 bankruptcy as part of a pre-packaged plan to raise new capital and reduce its debt. The “Restructuring Support Agreement” will inject $200 million in new capital into the business and … [Read more...]
Mississippi River Barge Shipping Resumes After Floods
By Karl Plume and Rod Nickel May 17 (Reuters) - The upper Mississippi River fully reopened to boat and barge traffic this week for the first time since November as shippers scrambled to move a backlog of overdue fertilizer barges to farmers racing to sow corn before the end of the month. Some fertilizer shipments had been parked on river banks near St. Louis and further … [Read more...]
Opinion: The Missouri River Is Just Going to Keep On Flooding
By Justin Fox (Bloomberg Opinion) -- The Missouri River used to be out of control. “It cuts corners, runs around at nights, fills itself with snags and traveling sandbars, lunches on levees, and swallows islands and small villages for dessert,” is how the humorist George Fitch (pretty accurately) described it in 1907. It was also hugely variable in size and shape. Below … [Read more...]
Response Continues to Christmas Day Coal Barge Accident on the Ohio River
The U.S. Coast Guard with the Army Corps of Engineers and Tennessee Valley Towing Company continue to respond to a tug and barge accident on the Ohio River in Louisville, Kentucky more than a week after it began. Watchstanders at CG Sector Ohio Valley received a report at around 8:10 p.m. on Christmas reporting that the towing vessel Debbie Graham, which was pushing 15 … [Read more...]
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...]