Maersk to Spin Off Svitzer
Denmark's A.P. Moller-Maersk said on Thursday it will spin off its towage and marine services activities and plans to list the new company on the Nasdaq Copenhagen stock exchange.Maersk has sought to streamline its business in recent years, spinning off oil rigs and other units that did not fit with its core shipping and logistics operations.The anticipated first day of trading for the shares of the new company, to be called Svitzer Group, is on April 30, Maersk said as it reported…
McAllister Towing Releases Its First Sustainability Report
McAllister Towing has released its inaugural sustainability report.ABS specialists worked with McAllister’s team to provide greenhouse gas inventory and sustainability reporting services, calculating the operational carbon intensity and benchmarking the performance of the McAllister fleet of more than 60 vessels, including tugboats, passenger ferries, offshore supply vessels, crew boats and barges in over 13 locations along the U.S. East Coast.The report covers topics such as McAllister’s fleet profile…
Svitzer Buys Back Svitzer Pembroke Tug for Milford Haven Ops
Towage provider Svitzer, part of A.P. Moller-Maersk, has bought a new tug to support terminal operations in Milford Haven, UK. The addition of the Svitzer Pembroke to the UK fleet will free up the 86-tonne bollard pull ASD tug, Svitzer Ramsey, for relocation to London to cater for expected growth at the River Thames and River Medway, Svitzer said.The Svitzer Pembroke was originally built for Svitzer at Zamakona Shipyard, Spain, but in 2014 the vessel was sold, and has operated…
SAAM Reports 40% Jump in Revenue
SAAM, a provider of port, towage and logistics services in 14 countries in the Americas, reported net income of $55.5 million for the nine months ended September 2021, up 40% from the January-September period in 2020. EBITDA reached $202.3 million and sales totaled $548.9 million, marking rises of 28% and 29%, respectively (all consolidated figures).Figures for the quarter were also positive: Net income was $18.8 million (+162% with respect to 3Q2020), Sales totaled $192.6 million…
TECH FILE: JonRie Debuts New Double Drum Bow Winch
JonRie Marine Winches debuted its new Series 525 Double Drum Bow Winch designed for a 6,770 HP ASD. This winch was designed for Escort operations and Long Line Towing over the stern making it suited for escorting, terminal support, towing and ship assist duties.A new feature on the Series 525 winch are the four independent Hagglunds Drives. The towing drum features a high torque motor with a 100,000 lbs. line pull and an auto abort block to dump the wire in an emergency. The escort drum features a medium line pull of 50,000 lbs.
There’s Room to Grow on Brazil’s Inland Waterways
Brazil’s waterways have enormous potential for commercial transport, but are still underused and inefficient in the country’s 12 river basins, according to Brazil’s National Transport Confederation (CNT). Of the 63,000 kilometers (km) that could potentially be used for inland navigation, only 19,500 km (30.9%) of the existing network is currently used commercially for cargo and passenger transport, leaving more than two-thirds unused.However, despite wasted opportunities, Brazilian rivers have registered an increase in transported volume in recent years…
Towing Vessel Crewman Medevaced near Sabine Pass
The U.S. Coast Guard said it medevaced an ailing mariner from a towing vessel approximately 28 miles south of Sabine Pass, Texas, Friday.The agency's watchstanders at Coast Guard Sector Houston-Galveston received a report of a mariner experiencing severe sickness and consulted with the duty flight surgeon who recommended the medevac.A Coast Guard Station Sabine Response Boat-Medium boat crew was launched to the scene and transferred the patient to awaiting emergency medical services personnel at Station Sabine.The mariner was reported to be in stable condition.
