Boskalis, Kotug Complete Sale of Kotug Smit Towage to Boluda

Royal Boskalis Westminster has completed the sale of Dutch towing company Kotug Smit Towage to Spain-based Boluda Group. Boskalis was co-shareholder of Kotug Smit Towage with Kotug International. The initial sale was first announced back in March. Boskalis said it receive 93.6 million euros in cash for its 50 percent equity stake in the joint venture. Boluda reported … [Read more...]

Vinik Marine: Interview With A Different Kind Of Maritime Startup

by John Konrad (gCaptain) gCaptain believes the future of our industry will be shaped by startups... but few realize that important new maritime startups come in all shapes and sizes including analog companies that are recycling decades-old equipment. One such company is Vinik Marine.  During the summer of 2004, a year after graduating from SUNY Maritime with a degree … [Read more...]

Search Suspended for Missing Towboat Captain on Lower Mississippi

The U.S. Coast Guard has suspended its search for the captain of a towing vessel capsized on the lower Mississippi River near Point A La Hache, Louisiana on Monday night.  Coast Guard Sector New Orleans watchstanders received a notification at 8:12 p.m. reporting that the 54-foot inspected towing vessel Seattle Slew had capsized at mile marker 55 near Myrtle Grove … [Read more...]

Incident Video: Towing Vessel Sinks Near Baton Rouge, Louisiana

The U.S. Coast Guard has closed a portion of the lower Mississippi River near Baton Rouge, Louisiana after a towing vessel sank Thursday. Coast Guard Sector New Orleans watchstanders received a report at 11:00 a.m. of the towing vessel Michelle Anne sinking at Baton Rouge General Anchorage near mile marker 226 on the Mississippi River. The four crewmembers aboard the … [Read more...]