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PEOPLE & COMPANY NEWS Kirby to Acquire Penn Maritime Kirby Corporation has announced that it has entered into an agreement to acquire Penn Maritime Inc. and Maritime Investments LLC, an operator of tank barges and tugboats participating in coastal bulk transportation. The transaction involved $295 million (before post- closing adjustments and transaction fees) and will consist of cash, Kirby common stock and the retirement of Penn?s debt. Penn operates a eet of 18 heated, double-hulled tank barges, with a capacity of 1.9 million barrels, and 16 tugboats along the East Coast and Gulf Coast of the United States. Penn?s tank barge eet has an average age of approximately 13 years with a product mix that consists primarily of re nery feedstocks, asphalt and crude oil. NYMAR Adds Maitland to Leadership Team New York Maritime Inc. said that Clay Maitland will join the organization whose mission is to promote the New York maritime cluster effective immediately. NYMAR will be celebrating its tenth anniversary next year. Together, Peter Shaerf and Maitland will serve as Co-Chairmen of the organization. Clay Maitland has been employed by International Registries, Inc. for over 35 years and is now a managing partner of the company. CTLGroup Welcomes Hudson CTLGroup expanded its Maritime Engineering Consulting Services with the addition of Patrick J. Hudson, Ph.D., P.E., as a Senior Engineer. Dr. Hudson will lead the rm?s efforts to enhance and broaden its Maritime Engineering capabilities. Hudson?s career spans over 23 years in naval architecture and ocean engineering. 61 Foss Vessels Honored Sixty-one tugs and tank barges owned by Foss Maritime Company have been recognized by the Chamber of Shipping of America for their environmental safety records. CSA announced the awards honoring the Seattle, WA-based Foss? environmental achievements last month in Washington, D.C. Altogether, the 61 Foss vessels recognized by CSA have gone a combined 543 years without an environmental incident. For a handful of Foss vessels, the awards marked 20 years of operation without an environmental accident. U.S. Coast Guard Rear Admiral Joseph Servidio, Assistant Commandant for Prevention Policy, participated in the awards ceremony. Seaway October Cargo Up; Sandy Drags on Lakers North American commodities for the industrial and manufacturing sectors drove an uptick in tonnage numbers along the Great Lakes-Seaway System. The St. Lawrence Seaway reported a 9.8 percent increase for total cargo shipments in October ? 4.4 million metric tons ? compared to October 2011. For the period March 22 to October 31, year- to-date total cargo shipments were 29.5 million metric tons, a rise of 1.4 percent over the same period in 2011. In the closing months of the 2012 shipping season, tonnage gures for traditional cargoes remain on the positive side for U.S. ports. Separately, the Lake Carriers? Association reported that U.S.- ag Great Lakes freighters carried 8.6 million tons of dry-bulk cargo in October, a decrease of 12.3 percent compared to a year ago. The storms related to Hurricane Sandy played a role in the decrease and U.S.- ag lakers lost 2,000 steaming hours waiting out the storms.ABS Awards $3M to Stevens ABS has awarded Stevens Institute of Technology US $3 million. The donation will be used to create a new civil, mechanical and naval engineering laboratory complex in the Davidson Laboratory. The new complex will bear the Bureau?s name. ?It is an honor to contribute to the long-term success of the marine industry through an investment in a facility that will focus on cross-disciplinary real-world problems,? said ABS Chairman Robert D. Somerville. Stevens will construct a 25,000-sq. ft. facility. MaitlandHudsonToohey AllegrettiFaberSchmitzDecember 201240 MNMN Dec2012 Layout 32-43.indd 40MN Dec2012 Layout 32-43.indd 4012/4/2012 12:57:52 PM12/4/2012 12:57:52 PM
