TIDEWATER ANNOUNCES STRATEGIC INVESTMENT IN NEW STATE-OF-THE-ART LIQUID PRODUCT BARGES
Tidewater, a leading provider of marine transportation and terminal services on the Columbia Snake River System, announces a strategic investment in its fleet to enhance service capabilities and support sustainable energy transport across the Pacific Northwest.
Recognizing the evolving needs of customers across the region, the Tidewater Board of Directors have approved the design and engineering of a new, state-of-the-art refined liquid products barge. This initiative is part of a strategic plan to replace older, less efficient barges, significantly enhancing our fleetโs safety, efficiency, and environmental stewardship. Poised to begin the construction of up to four of these advanced barges following the initial phase, Tidewater is firmly committed to aligning our resources to meet future demands and seize market opportunities.
These cutting-edge barges will bolster Tidewater's ability to seamlessly serve customers on both sides of the Cascade Mountain Range in Washington, Oregon, and Idaho, facilitating the transport of eco-friendly fuels via the safest and most efficient mode of surface transportation. These barges will also support the recent investments Tidewater has made at its terminals in Pasco, WA, and Umatilla, OR to bring renewable, conventional and biofuels to our markets.
"Our investment in these new barges reflects Tidewater's unwavering dedication to meeting the evolving needs of our customers while advancing sustainable practices in the transportation sector," said Todd Busch, President and CEO of Tidewater.
Jeff Murphy, Managing Director of Infrastructure Investments for Ullico and Tidewaterโs Chairman of the Board, added, โOur support underscores the confidence we have in Tidewaterโs management team and their vision for the future. Weโre committed to being a reliable partner for businesses across the Pacific Northwest.โ
Tidewaterโs terminals are strategically located along the vital Columbia Snake River System, connecting customers to local, regional, and global markets. Key terminals include Vancouver, Washington; Boardman and Umatilla, Oregon; and Pasco, Washington.
For more information about Tidewater and its services, please visit Tidewater.com.
Sr. Manager, Land
2moCongratulations!! ๐