Showing posts with label Oglebay Norton. Show all posts
Showing posts with label Oglebay Norton. Show all posts

Friday, February 15, 2008

Carmeuse Group closes on deal to purchase O-N Minerals Erie Parent; Frequent Erie Visitor, WOLVERINE, to be reflagged

Carmeuse Lime and Stone, a Pittsburgh-based subsidiary of Belgium's Carmeuse Group, has completed purchase of the Oglebay Norton Company, the Cleveland-based parent of O-N Minerals Erie. Carmeuse announced the completion Wednesday, saying that they were planning on moving 50 Oglebay jobs from Cleveland to Pittsburgh. I have no word yet as to how this may affect the Erie operation.

WOLVERINE, a frequent Erie visitor over the years, and her sisters, EARL W. and DAVID Z., both of which are also frequent Erie visitors, have been purchased outright by Rand Logistics, whose Grand River Navigation subsidiary had been operating them under time charter from Wisconsin & Michigan Steamship Company, for $20 million dollars. Rand announced that WOLVERINE would be transferred to their Canadian subsidiary, Lower Lakes Towing, and be reflagged Canadian before the coming season. Therefore, Erie will likely see less and less of this vessel in the future.

Saturday, October 13, 2007

AMERICAN COURAGE in Port

AMERICAN COURAGE arrived in Erie earlier than scheduled today, at 0900. The COURAGE proceeded inbound and docked at the Old Ore Dock to unload stone from Cedarville.

Erie Sand & Gravel parent company Oglebay Norton was sold Friday to the Carmeuse Group, a Belgium-based company that is the world's largest producer of lime products. Carmeuse already owns docks in Buffington, Indiana; Chicago, Illinois; River Rouge, Michiga; and Green Bay, Wisconsin. I have no idea what changes this may mean for the operation here in Erie.


AMERICAN COURAGE inbound.


Another view.


Stern view of the COURAGE as it passes inbound.


Another view.


Swinging a man off as the COURAGE docks.


Docking.


Overhead view. The COURAGE started to unload, then stopped for a moment.


The AMERICAN COURAGE begins to unload again at 0950 hours.

Tuesday, August 14, 2007

Traffic Even with 2006, but Stone and Salt are up

As of August 14, ship traffic through the port of Erie is even with this point last year, as 29 visits to the port have been logged thus far this season; this number is equal to the same point at last year, but up four visits from 2005. However, the overall numbers do not tell the entire story, as no sand cargoes have been shipped to Erie yet this season. Thus far, all 29 visitors to the port this year have delivered stone (27 loads) or salt (2 loads), as compared to 2006, when only 23 stone and 2 salt loads were delivered here, and 2005, when 19 loads of stone and 3 salt had been delivered to the port at this point in the season.

The other four loads in 2006 were comprised of 3 sand shipments, and one export cargo of GE locomotives. At this point in 2005, the port had received two sand loads and 1 load of slag.

Therefore, comparing only stone and salt, traffic through the port of Erie is up by four vessels when compared to this point in 2006, and seven vessels compared to 2005.

However, as Olgebay Norton does not release tonnage information, it is impossible to know if tonnage is up, although it likely is. However, low water levels may have necessitated the higher number of vessel visits this year; ships loading to shallower drafts carry less cargo that has to be shipped somehow.

Thursday, July 26, 2007

Port Authority's state money may mean good news for Erie Shipbuilding, Oglebay Norton for sale, RESERVE due for barge conversion

According to an article in today's Erie Times-News the state's recently passed budget includes $2.6 million for the Erie Port Authority. According to the article some of this money may be used to replace a door on the drydock at Erie Shipbuilding, and replace a dock wall there. I believe the dock wall in question is in the Parade Street slip immediately adjacent to Oglebay Norton's Old Ore Dock.

In other Erie Shipbuilding news, Hull 101, the new dumpscow under construction for an East Coast firm, should taste water for the first time during the second half of August.

Oglebay Norton on Tuesday issued a press release stating that the company, to "maximize shareholder value" is looking into a possible sale or merger of the company. Thursday they announced that they are reviewing New York private-equity firm Harbinger's $31.00 per share offer for the company.

No idea what this means for O.N. Minerals' Erie Operation, which has already been rumored in local maritime circles to be up for sale. What this means for the future of commercial shipping in Erie remains to be seen. I will continue to follow this situation.

Steamer RESERVE, a frequent Erie visitor, has two more trips before laying up in Menominee, Michigan for conversion to a barge.

Saturday, December 2, 2006

Some Statistics

More than 3/4 through Erie's 2006 season, an analysis of the statistics of 2006 have provided an interesting contrast to 2005. The season has shown a much more diverse group of ships unloading or loading more cargoes in the port of Erie.

Unlike in 2005, when it made more than 40% of the deliveries to Erie, with 19, the ADAM E. CORNELIUS has made only three calls to the port, accounting for approximately 7% of the cargoes delivered to Erie. Counting only stone loads, the CORNELIUS made more than 50% of the deliveries in 2005, and in 2006 has accounted for only 8%.

In fact, the year's leading caller, AMERICAN COURAGE, made no visits in 2005. To date in 2006, the COURAGE's 7 stone cargoes have accounted for 18% of all stone cargoes and 17% of all total cargoes handled by the port of Erie. Six of these visits have come as AMERICAN COURAGE, with one coming as FRED R. WHITE JR. before her sale from Oglebay Norton Marine Services to the Liberty Steamship Company.

Although American Steamship Company handled more than 60% of the total cargoes shipped through Erie in 2005, the group of visitors has been much more diverse this year. Although American Steamship and subsidiary Liberty Steamship have accounted for only 14 calls. Of note is that one of there vessels, the CORNELIUS, made more calls by itself to Erie in 2005 than the entire ASC fleet has made in 2006.
Traffic is up compared to 2005. In 2005, as of today, 35 deliveries had been made to Erie, as compared with 45 this year, a 29% increase. For all of 2005, 39 cargoes were handled by the port, indicating that Erie, vessel-wise, has had a much better season in 2006.

The list of ships calling on Erie in 2005 that have not yet visited in 2006 is a very short but diverse list, including CALUMET, COURNEY BURTON (now AMERICAN FORTITUDE), CAPT. HENRY JACKMAN, and JOHN J. BOLAND. Vessels visiting in 2006 that did not in 2005 are RESERVE, WOLVERINE, DAVID Z. NORTON, EARL W. OGLEBAY, AMERICAN VALOR, ALGOMARINE, ALGOWAY, AGAWA CANYON, ALGORAIL, and JOSEPH H. THOMPSON.

And for today's THOMPSON update: After unloading stone in Fairport, the duo loaded salt at Detroit and is now bound for Duluth, Minnesota.