Kirby Corp (KEX) Company Profile | Reuters.com
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Profile: Kirby Corp (KEX)

KEX on New York Consolidated

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28 Jun 2016
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Kirby Corporation, incorporated on January 31, 1969, is a domestic tank barge operator, transporting bulk liquid products. The Company, through its subsidiaries, operates in two segments: Marine Transportation and Diesel Engine Services.

Marine Transportation

The Company, through its Marine Transportation segment, is a provider of marine transportation services, operating tank barges and towing vessels transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along all the three United States coasts and in Alaska and Hawaii. The Company transports petrochemicals, black oil, refined petroleum products and agricultural chemicals by tank barge. The Company operates offshore dry-bulk barge and tugboat units engaged in the offshore transportation of dry-bulk cargoes in the United States coastal trade. The Bulk liquid petrochemicals transported include products, such as benzene, styrene, methanol, acrylonitrile, xylene and caustic soda, all consumed in the production of paper, fibers and plastics. Pressurized products, including butadiene, isobutane, propylene, butane and propane, all requiring pressurized conditions to remain in stable liquid form, are transported in pressure barges. Black oil transported includes product, such as residual fuel oil, No. 6 fuel oil, coker feedstock, vacuum gas oil, asphalt, carbon black feedstock, crude oil, natural gas condensate and ship bunkers (engine fuel). Refined petroleum products transported include various blends of finished gasoline, gasoline blendstocks, jet fuel, No. 2 oil, heating oil and diesel fuel. The Company also classifies ethanol in the refined petroleum products category. Agricultural chemicals transported include products, such as anhydrous ammonia and nitrogen-based liquid fertilizer, as well as industrial ammonia.

The marine transportation segment is primarily a provider of transportation services by tank barge for the inland and coastal markets. The Company's transportation segment consists of approximately 898 inland tank barges with over 17.9 million barrels of capacity, approximately 240 inland towboats, over 70 coastal tank barges with over 6.0 million barrels of capacity, over 70 coastal tugboats, over six offshore dry-bulk cargo barges, seven offshore tugboats and a docking tugboat. The Company's inland tows consist of a towboat and from 1 to 25 tank barges, depending upon the horsepower of the towboat, the river or canal capacity and conditions, and customer requirements. The Company's coastal and offshore tows primarily consist of a tugboat and a tank barge or dry-bulk cargo barge. The Company operates within the United States inland tank barge industry, an independent mixture of integrated transportation companies and small operators, as well as captive fleets owned by the United States refining and petrochemical companies. The inland tank barge industry provides marine transportation of bulk liquid cargoes for customers and, in the case of captives, for their own account, throughout the Mississippi River and its tributaries and on the Gulf Intracoastal Waterway. The markets in this industry include the transportation of petrochemicals, black oil, refined petroleum products and agricultural chemicals. The Company's distribution system encompasses the Gulf Intracoastal Waterway from Brownsville, Texas, to Port St. Joe, Florida, the Mississippi River System and the Houston Ship Channel. The Mississippi River System includes the Arkansas, Illinois, Missouri, Ohio, Red, Tennessee, Yazoo, Ouachita and Black Warrior Rivers and the Tennessee-Tombigbee Waterway.

The Company operates in the United States coastal tank barge industry, operating tank barges in approximately 195,000 barrel or less category. This market consists of approximately 10 integrated transportation companies and small operators. The 195,000 barrel or less category coastal tank barge industry provides regional marine transportation distribution of bulk liquid cargoes along the United States' Atlantic, Gulf and Pacific coasts, in Alaska and Hawaii and Great Lakes. Products transported are refined petroleum products and black oil from refineries and storage facilities to a range of destinations, including other refineries, distribution terminals, power plants and ships, the regional movement of crude oil and natural gas condensate to Gulf Coast, Northeast and West Coast refineries, and the movement of petrochemicals from Gulf Coast petrochemical facilities to end users. The segment's inland operations are conducted through its subsidiary, Kirby Inland Marine, LP (Kirby Inland Marine). Kirby Inland Marine's operations consist of the Canal, Linehaul and River fleets, as well as barge fleeting services. The Canal fleet transports petrochemical feedstocks, processed chemicals, pressurized products, black oil, and refined petroleum products along the Gulf Intracoastal Waterway, the Mississippi River below Baton Rouge, Louisiana, and the Houston Ship Channel. The Linehaul fleet transports petrochemical feedstocks, chemicals, agricultural chemicals and lube oils along the Gulf Intracoastal Waterway, Mississippi River and the Illinois and Ohio Rivers. The River fleet transports petrochemical feedstocks, chemicals, refined petroleum products, agricultural chemicals and black oil along the Mississippi River System above Baton Rouge. Kirby Inland Marine also provides shore-based tankerman and support services to the Company and third-parties.

The segment's coastal operations are conducted through its subsidiaries, Kirby Offshore Marine, LLC (Kirby Offshore Marine) and Kirby Ocean Transport Company (Kirby Ocean Transport). Kirby Offshore Marine provides marine transportation of refined petroleum products, petrochemicals and black oil in coastal regions of the United States. The coastal operations consist of the Atlantic and Pacific Divisions. Kirby Ocean Transport owns and operates a fleet of approximately four offshore dry-bulk barges, five offshore tugboats and one docking tugboat. The Atlantic Division primarily operates along the eastern seaboard of the United States and along the Gulf Coast. The Atlantic Division vessels call on coastal states from Maine to Texas, servicing refineries, storage terminals and power plants. The Atlantic Division also operates equipment in the Eastern Canadian provinces. The tank barges and tugboats operating in the Atlantic Division are with tank barges in the 9,000 to 188,000 barrel capacity range and coastal tugboats in the 1,800 to 8,000 horsepower range, transporting primarily refined petroleum products, petrochemicals and black oil.

The Pacific Division primarily operates along the Pacific Coast of the United States, servicing refineries and storage terminals from Southern California to Washington State, throughout Alaska, including Dutch Harbor, Cook Inlet and the Alaska River Systems, and from California to Hawaii. The Pacific Division's fleet consists of tank barges in the 26,000 to 194,000 barrel capacity range and tugboats in the 2,000 to 11,000 horsepower range, transporting primarily refined petroleum products. The Pacific Division also services local petroleum retailers and oil companies distributing refined petroleum products and black oil between the Hawaiian Islands and provides other services to the local maritime community. The Hawaii fleet consists of tank barges in the 53,000 to 86,000 barrel capacity range and tugboats in the 1,000 to 5,000 horsepower range, transporting refined petroleum products for local and regional customers, black oil to power generation customers and delivering bunker fuel to ships. The Hawaii fleet also provides service docking, standby tug assistance and line handling to vessels using the Single Point Mooring installation at Barbers Point, Oahu, a facility for large tankers to safely load and discharge their cargos through an offshore buoy and submerged pipeline without entering the port.

Diesel Engine

The Company's engine services segment, sells replacement parts, provides service mechanics to overhaul and repair medium-speed and high-speed diesel engines, transmissions, reduction gears, pumps and compression products, maintains facilities to rebuild component parts or entire medium-speed and high-speed diesel engines, transmissions and entire reduction gears, and manufactures and remanufactures oilfield service equipment, including pressure pumping units. The Company primarily services the marine, power generation and land-based oil and gas operator and producer markets. For the marine market, the Company sells original equipment manufacturer (OEM) replacement parts, provides service mechanics to overhaul and repair engines and reduction gears, and maintains facilities to rebuild component parts or entire engines and reduction gears. For the power generation market, the Company provides engineering and field services, OEM replacement parts, and safety-related products to power generation operators and to the nuclear industry, and manufactures engine generator and pump sets for the power generation operators and municipalities. For the land-based market, the Company sells OEM replacement parts, sells and services diesel engines, pumps and transmissions and manufactures and remanufactures oilfield service equipment, including pressure pumping units for oil and gas service companies and gas operators and producers.

The Company is engaged in the overhaul and repair of medium-speed and high-speed diesel engines and reduction gears, line boring, block welding services and related parts sales for customers in the marine industry. The Company services medium-speed and high-speed diesel engines utilized in the inland and offshore barge industries. It also services marine equipment and offshore drilling equipment used in the offshore petroleum exploration and oil service industry, marine equipment used in the offshore commercial fishing industry and vessels owned by the United States Government. The Company has marine operations throughout the United States providing in-house and in-field repair capabilities and related parts sales. The Company is also a distributor and representative for certain Alfa Laval products in the Midwest and on the East Coast, Gulf Coast and West Coast. The Company's marine customers include inland and offshore barge operators, oil service companies, offshore fishing companies, other marine transportation entities, and the United States coast guard (USCG) and Navy.

The Company is engaged in the overhaul and repair of diesel engines and generators, and related parts sales for power generation customers. The Company is also engaged in the sale and distribution of diesel engine parts, engine modifications, generator modifications, controls, governors and diesel generator packages to the nuclear industry. The Company services users of diesel engines that provide emergency standby, peak and base load power generation. The Company provides in-house and in-field repair capabilities and products to power generation operators from the Rocky Mount, North Carolina location. The operation based in Rocky Mount, North Carolina is a distributor for approximately 20 eastern states for power generation applications, and provides in-house and in-field service. The Company's power generation customers are primarily domestic utilities and the nuclear power industry.

The Company is engaged in the distribution and service of diesel engines, pumps and transmissions, the manufacture and remanufacture of oilfield service equipment. The Company offers a line of custom fabricated oilfield service equipment, tested and field ready. The Company manufactures products or components that are purchased by a company and marketed under the purchasing company's brand name. The Company distributes, sells parts for and services diesel engines and transmissions for on-and off-highway use and provides in-house and in-field service capabilities. The Company is the off-highway distributor for Allison, a distributor for MTU in North America, and a distributor for Isuzu diesel engines. The Company is also the distributor for Daimler for engines and related equipment in Oklahoma, Arkansas and Louisiana. The Company manufactures and remanufactures oilfield service equipment, including pressure pumping units, nitrogen pumping units, cementers, hydration equipment, mud pumps and blenders.

Company Address

Kirby Corp

55 Waugh Dr Ste 1000
HOUSTON   TX   77007-5834
P: +1713.4351000
F: +1713.4351464

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