By Bart H. Meijer AMSTERDAM, July 24 (Reuters) - The longest drought in decades is drying out rivers in the usually wet Netherlands, hitting cargo traffic and threatening a shortage of bulk supplies ranging from hops for beer brewers to cement for the construction sector. The summer of 2018 looks set to overtake 1976 as the driest one on record in the Netherlands, with … [Read more...]
Four Rescued, Two Missing After Boat Collides with Oyster Barge and Tug in Virginia
The U.S. Coast Guard and other state and local agencies are searching for two people missing after their recreational boat, with six people aboard, collided with an oyster barge being pushed by a tug on the James River near Newport News, Virginia. Good Samaritans recovered four of the people in the water and they were taken to a local hospital where they are … [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...]
American Inland Shipyard Jeffboat to Close After 180 Years
American inland shipyard Jeffboat will be shutting its doors after more than 180 years in the ship and barge building industry, the shipbuilder confirmed Monday. Located on the Ohio River in Jeffersonville, Indiana, Jeffboat is the nation’s largest and longest continually operated inland shipyard, but its business has been hit by a decline in orders over the last … [Read more...]
Kirby to Acquire Tank Barge Shipping Company Higman Marine for $419 Million
Houston-based Kirby Corporation (NYSE: KEX) on Monday announced it has signed a definitive agreement to acquire inland tank barge shipping company Higman Marine, Inc. and its affiliated companies for approximately $419 million in cash. Houston-based Higman Marine's fleet consists of 159 inland tank barges with 4.8 million barrels of capacity and 75 inland towboats. Its … [Read more...]