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Stock impact report

Kirby Corporation Announces Offshore Wind Partnership with Maersk

Kirby Corporation (KEX) 
Last kirby corporation earnings: 1/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: kirbycorp.com/investor-relations
Company Research Source: GlobeNewswire
HOUSTON, March 29, 2022 (GLOBE NEWSWIRE) -- Kirby Corporation ("Kirby" or the “Company”) (NYSE: KEX) today announced the signing of a commercial agreement for its wholly owned subsidiary, Kirby Offshore Wind, to provide barge transportation services for offshore wind towers and turbines to Maersk Supply Service (“Maersk”), which has been selected by Empire Offshore Wind, a joint venture between Equinor and bp, as the installation contractor for the project off the coast of New York. Kirby’s contract with Maersk represents a 20-year framework agreement with the Empire Wind projects being the first. Kirby Offshore Wind will provide the Jones Act compliant feeder barges and tugboats which will transport the wind towers and turbines from the South Brooklyn Marine Terminal to a specialized Maersk wind turbine installation vessel (“WTIV”). Kirby will be investing in two new American Bureau of Shipping (“ABS”) classed feeder barge and diesel-electric hybrid tugboat units which will be con Show less Read more
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