Maritime Partners acquires more than 1,000 ships
Maritime Partners has acquired from J. Russell Flowers a fleet of more than 1,000 marine vessels.
Flowers’ fleet includes a variety of towboats, tank barges, hopper barges and deck barges.
With this acquisition, Metairie-based Maritime Partners’ portfolio has grown to approximately 1,600 vessels with an estimated fair market value of $1.2 billion, making the firm the largest lessor of marine equipment in the United States.
Mississippi-based Flowers has grown to become one of the nation’s largest independent leasing companies of inland marine barges and towboats.
Bick Brooks, co-founder and CEO of Maritime Partner, said the deal will allow him to expand and diversify the fleet, making it a one-stop solution for marine equipment requirements.
Element by Westin opens first Baton Rouge hotel
Element Baton Rouge South is open. The 123-room hotel is located at 8649 Summa Ave.
Twice daily we’ll send you the day’s biggest headlines. Sign up today.
General Manager Brandon Cantrell and Director of Sales Kathleen Hodgins lead the management team at the new longer-stay hotel.
This is the first Element by Westin in Baton Rouge.
Harvey Gulf, leader in carbon reduction, hits more milestones
Harvey Gulf International Marine announced several major emissions reduction accomplishments.
First, Harvey Gulf has completed the conversion of its second Platform Supply Vessel, the Harvey Power, from a dual-fuel vessel to a tri-fuel Vessel with a real time emissions monitoring system installed onboard. The system will initially monitor the quantity of emissions emitted while operating only on diesel fuel, followed by running only on LNG and, finally, with the use of LNG, combined with the use of the newly installed battery power.
Harvey announced through working with the American Bureau of Shipping, the company’s two 250 metric ton multipurpose supply vessels, the Harvey Subsea and Blue-Sea, have achieved ABS SUSTAIN 1 Notation, recognizing how their design and operation is aligned with UN Sustainable Development Goals.
Harvey announced that its fleet of tri-fueled vessels will soon be the only vessels operating in the United States to receive an American Bureau Shipping Classification of SUSTAIN 2 Notation for oil field service.
Finally, the company will be providing a renewable LNG that has a low Carbon Index score and will produce a blend of LNG that will yield fuel with a net zero carbon emissions profile.