INLAND WATERWAYS Ingram Barge a $1.5 billion revolving credit led by Bank of America, ticipants, has continued. In early 2020, Kirby acquired the emerged with 95% ownership in the newly capitalized inland barges (92 units aggregating 2.5 million bbl of ca- company. Bankruptcy case ? lings reveal the
PEOPLE & COMPANY NEWS Foti Kirby acquires Cenac assets Greg Beers, BHGI Middlebrook Sydney, Australia to be their exclu- substantial increase in the number tomary closing conditions, including sive North American vessel design of Vigor employees who will be liv- regulatory approvals under the Hart- represe
BY THE NUMBERS for a long period of time as a result, and this will continue engine types ranging from Akasaka to Mercedes. to haunt the industry’s recovery efforts well into the future. The market remains fairly ? at. Consolidation in the inland Sea-Web reports 29 crew & pilot boats broken up, to market
WORKBOATS: INSIDE THE U.S. WORKBOAT MARKET The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion (using 2014 data). in the Northeast, recently completed its 8,400 hp Bert Reinauer at its owned yard, Senesco, paired with a
INLAND OPERATOR PROFILE Chart 1 Credit: Cenac count to the replacement (newbuild) cost, or to add capacity, market share “goes back to the [capital] discipline. A lot of and increase the operating leverage, i.e., exposure to rates? that [market] growth you saw over the last 10 years was people The data
INLAND OPERATOR PROFILE Kirby’s Secret Sauce Credit: KIRBY CORP Another year; another major ? eet takeover by Kirby Corporation. But the leader of the inland tank-barge sector is not growing for growth’s sake: a deeper look at the numbers shows a disciplined strategy at work. By Greg Miller irby is de?
. tential to achieve fuel savings of up to 7.8% while re- In that infamous exchange from The ducing CO2 emissions. The $1.9m project was partly Graduate, Dustin Hoffman’s character funded by Innovate UK, with Rolls-Royce Power promises to at least think about the pos- sibility of plastics. But, you get the
engines as op- ing our young graduate, Ben Braddock, gineer, he replied simply, “It’s just good head. posed to two larger Tier 4 models, can played by Dustin Hoffman, “I just want design.” Now, if Bob says it, I believe it. It turns out that when it comes to the ef? ciently loiter or proceed in transit
Development Director working with four multinational BRP Marine Group has named Cleveland is a growing international marine insurance brokers over the Dustin Noble to be their new direc- gateway serving Midwestern indus- years, Rick also spent a total of six tor of network development. Noble tries on the
WORKBOAT OPERATOR PROFILE mariners as family. But, this type of philosophy and opera- OUTSIDE THE GATES: GIVING BACK As an avid philanthropist to the gulf coast region and tions model is easier talked about than it is to put it into strong supporter of coastal wetland restoration, Cenac’s real practice.
WORKBOAT OPERATOR PROFILE “Ef? cient allocation of ? nancial and human resources during these downturns has positioned the company uniquely and aggressively to have a competitive advantage in the marketplace when the inevitable cycles occur.” – Arlen “Benny” Cenac Jr. he insists, “Ef
WORKBOAT OPERATOR PROFILE tablished by Benny Cenac’s grandfather, Jock Cenac, over 88 years ago: a commitment to employee satisfaction and great company morale. Cenac takes pride in continuing the legacy started by his grandfather that was continued by his father, Arlen Cenac Sr., until it was passed
WORKBOAT OPERATOR PROFILE Arlen “Benny” Cenac Jr. Arlen “Benny” Cenac Jr. Arlen “Benny” Cenac Jr. Navigates a Different Course Line,Navigates a Different Course Line,Navigates a Different Course Line, MAKING A DIFFERENCE Cenac Marine Services and its dynamic, third generation leader, Arlen “Benny” Cenac Jr.
CONTENTS MarineNews December 2018 • Volume 29 Number 12 FeaturesFeatures Credit: Josh Gilliland INSIGHTS 28 The Top 10 Stories for 2018 Choosing the ‘top stories of 2018’ was, this year, a dif? cult 14 Lorry Wagner, Ph.D. task. Many compelling story threads played out, dramati- President, Lake
The Information Authority for the Workboat • Offshore • Inland • Coastal Marine Markets Volume 29 • Number 12 arine DECEMBER 2018 www.marinelink.com News M Innovative Boats & Products The Best of 2018 The Year in Review Ten disruptive events & stories Workboat Spotlight Cenac’s Arlen “Benny” Cenac Jr.
CEO/President: Mark Knoy American Commercial CEO/President: Arlen “Benny” Cenac, Jr. Barge Line LLC THE COMPANY: THE COMPANY: For more than a century, American Commercial Barge Dating back to the 1920’s, Cenac has always been known Line (ACBL) has provided safe, cost-effective and en- throughout the
MN CONTENTS MarineNews August 2018 • Volume 29 Number 8 100 Company PageCompany Page ABS ................................................................................................54 MarineCFO ................................................................................... 65 Advanced Mechanica
VESSELS Cenac Marine Services Christens Newest Vessel barge to Terrebonne Parish in an effort to aide in the main- tenance of levees throughout the area. The M/V Quincey Cenac is the newest addition to Cenac’s growing ? eet. The donated spud barge will be utilized by the parish to transport various and
INSIGHTS and gas producers to assure we are current and up-to-date The new tug – is it chartered out long term or will it position for cargoes of opportunity? with all safety requirements such as, SIRE, AWO SMS, It will go directly on a long-term job with two 30,000- ABS, and more. Because we have built
INSIGHTS Cenac Towing’s acquisition of Main Iron Works (MIW) is noteworthy in that it marries an experienced, well-re- garded shipyard to an established transportation lead- er. What was the thought process behind the move? MIW has built the majority of the Cenac ? eet. My mother’s father started MIW and
INSIGHTS Arlen “Benny” Cenac, Jr. of his involvement with the Coalition to Restore Coastal Owner & CEO, Louisiana. Over time, Cenac led the marine industry with many ‘? rsts.’ These include being the ? rst to institute the Cenac Towing Company U.S. Coast Guard tank barge self inspection program
CONTENTS MarineNews February 2016 • Volume 27 Number 2 INSIGHTS 12 Arlen “Benny” Cenac, Jr. Owner & CEO, Cenac Towing Company REGULATORY REVIEW 18 The Designated Person Ashore and You Don’t overlook this important part of your regula- tory compliance chain. By (Captain) Katharine Sweeney LEGAL 20
Delta Shipyard Delivers ABS-Classed Oil Barge To Cenac Towing Delta Shipyard of Houma, La., recently delivered the oil barge CTCO 2601 to Cenac Towing Com- pany, also of Houma. Delta de- signed and fabricated the single- skin barge, which is 235 feet long with a beam of 52 feet and depth of
Delta Delivers 235-Foot Tank Barge To Cenac Towing, Fifth Unit Built At New Facility Delta Shipyard of Houma, La., recently delivered the tank barge CTCO-2602 (shown above) to Cenac Towing Co., Inc., also of Houma. Delta designed and fabricated the 235 by 52 by 16-foot single-skin oil cargo