C&C Building Towboat Trio for Hines Furlong
Hines Furlong Line currently has a trio of identical 6,000-horsepower towboats on order at C&C Marine and Repair in Belle Chasse, La.The timing is right to order the high-power newbuilds, said Kent Furlong, president and founder of Hines Furlong Line (HFL), citing the long-term implications of Subchapter M and the industry’s aging higher horsepower line haul fleet as key drivers behind the decision. “Many of the high-horsepower vessels in the HFL fleet are among the oldest,” he said.
Frontline Warns on Virus Impact after Q4 Profit Surge
Oil tanker firm Frontline warned on Thursday that the coronavirus outbreak will hurt its results in the near term, even as the group reported sharp gains in earnings for the final quarter of 2019.Frontline's net profit for the October-December period rose fourfold year-on-year to an 11-year high of $108.8 million, but still lagging an average forecast of $127.1 million in a Refinitiv poll of analysts."Primarily due to the effect of the coronavirus, we have a near-term macro headwind with a slowd
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