Long Drought Puts Pressure on Dutch Inland Shipping Sector

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...]

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...]