In 1985, the depressed state of the barge and towing industry further emphasized the longstanding need to secure a reasoned and stable regulatory environment for domestic marine transportation. This elusive goal took on greater importance as the
Robert A. Guthans, president and chief executive officer of Mobile, Alabama-based Midstream Fuel Services, Inc., and its two subsidiary companies, Tenn-Tom Towing Company, and Petroleum Energy Products Company, was elected chairman of the board
A roundup of some of the most notable vessels delivered by shipyards throughout the world during 1984—selected for their outstanding design features, fuel efficiency, performance, and service characteristics. AMERICAN NEW YORK Daewoo Shipbuilding The
The 63,953-dwt crude/products carrier Andromeda (shown below) was delivered recently by Hitachi Zosen's Ariake Works to the owner, Arapaho Shipping Corporation (Liberia). A Panamax type developed by Hitachi, the tanker is designed to carry crude oil and refined petroleum products.
Crowley agreed last month to acquire all of the outstanding shares of Marine Transport Corporation (MTC) for $7 per share. The transaction is conditioned upon a minimum number of Marine Transport's shares being tendered, regulatory approvals, and other standard closing conditions.
Ingram Barge Company, headquartered in Nashville, Tenn., has signed a letter of intent to purchase 319 barges and eight towboats from American Barge and Towing Company of St. Louis, Mo. The terms of the purchase were not disclosed. In making the announcement, Neil N.
American Heavy Lift Shipping Company recently announced the election of Vice Adm. Raymond E. Peet, USN (retired), to its board of directors. Highlighting Admiral Peet's active U.S. Navy career were the positions of acting Assistant Secretary of
Bulkfleet, Inc., the Texas-based marine company that introduced heavy fuel-burning deep-notched vessels to the United States, has consolidated its interests, including a first-class passenger cruise line, under the name Signet Corporation, J. Barry Snyder,
Paolo A. Gamboni, chairman and chief executive officer of Worthington Pump Inc., has been selected to receive the highest honor Italy awards to businessmen for contributions to economic development, industrial advancement and social improvement of Italy.
The State of Louisiana has awarded a contract to Racal Marine, Inc. for an advanced marine radar and electronic navigation aids simulator. The Racal MRNS 9000 simulator will be installed later this year at the Louisiana Marine and Petroleum Institute (LAMPI) in Houma.