Bouchard Transportation Co. reports all back pay has been processed as the company continues to work to raise capital that would allow it to return its vessels to service, the company's president and CEO Morton S. Bouchard III said Tuesday in a letter to staff, customers and vendors.The full letter is below:To Bouchard Transportation Co., Inc.
The U.S. Coast Guard said it is pursuing enforcement action against Bouchard Transportation Company after the shipping company failed to comply with a captain of the port order for one of its two vessels anchored in the Marine Safety Unit Port Arthur, Texas, area of responsibility.According to the Coast Guard, tugs Kim M. Bouchard and Danielle M.
There’s a barge full of reasons why many operators turn to ATBs.A mainstay of the U.S. coastwise dirty and refined products trades, articulated tug barges (ATB) have increasingly filled a void left as the fleet of Jones Act tankers (with crew complement requirements exceeding that of tugs) has aged out.
The U.S. Coast Guard has ordered three of Bouchard Transportation Company's tug and fuel barge units currently anchored in New York Harbor to be moved out of anchorage and moored at a safe berth until additional safety inspections determine they are fit to return to service.The order from the U.S.
As a new decade starts, offshore wind development continues to progress. Actually, it’s probably more accurate to write that the development of the development of offshore wind (OFW) continues to, uh, well, develop.Apologies for that mild sarcasm. But even a quick look-back at OFW always raises the same familiar question: is the glass half empty or half full?Consider developments in the east
Turkish shipbuilder Cemre launched the world's first battery and liquefied natural gas (LNG) driven hybrid fishing vessel.The purse seiner/trawler, Libas, was launched on February 7 at Cemre I. The builder said it plans to deliver the newbuild in the second quarter 2020 following final outfitting and completion.
The Norwegian oil and gas major Equinor ASA said it has completed the purchase of a 50% stake in the Baltyk I offshore wind project (OWP) in Poland from Polenergia.The Bałtyk 1 offshore location license allows for a development of a wind farm with a capacity up to 1560MW. Equinor will own up to 780MW.
Navios Maritime Partners (NMP) s agreed to acquire eleven vessels and liquidate Navios Europe I.As of September 30, 2019, Navios Partners had a receivable of $48.2 million from Navios Europe I. On November 22, 2019, an agreement was reached to liquidate Navios Europe I. The agreement is subject to definitive documentation which is expected to be completed by the end of 2019.
Navios Maritime Acquisition Corporation (NMAC), a Greece owner and operator of tanker vessels, announced the agreement to acquire five product tankers in liquidation of Navios Europe I Inc.On November 22, 2019, an agreement was reached to liquidate Navios Europe I. As of September 30, 2019, Navios Acquisition had a receivable of $32.3 million from Navios Europe I.
SENER Group announced it has appointed a new president and new CEO to usher in a new leadership phase at the Spanish-based engineering company. Andrés Sendagorta has been named President of the SENER Group, and Jorge Sendagorta Cudós its new CEO.Sendagorta, hitherto Vice President of SENER, takes over from Jorge Sendagorta
The Offshore Patrol Vessel (OPV) L’Adroit has adopted the Argentinian flag and becomes the A.R.A. BOUCHARD. The first one of the four OPVs ordered by Argentina has been designed and developed by Naval Group on its own resources. Handed over to the Argentinian Navy two months ahead of schedule and after only ten months of upgrade and modernization works.
Lithuanian company AB Klaipedos Nafta (KN) has been appointed as the operator of a liquefied natural gas (LNG) terminal in the Brazilian Port of Açu.To execute the contract, KN has established a company in Brazil and plans to form a team of up to 30 local specialists in 2020.KN, KN Açu Serviços de Terminal de GNL Ltda.