barge shipping Archives - Maritime Shipping News

Mississippi River shipping faces potential crisis for third straight year

29 March 2024

Shipping along the Mississippi River could prove to be a massive headache in 2024, per a recent report from the National Oceanic and Atmospheric Administration.

An unusually warm and dry winter — which allowed the Upper Mississippi River shipping season to begin earlier than usual this year — might herald drought conditions in key areas of the Mississippi River Basin over the coming months.

“Of growing concern will be the potentially low flows on the Mississippi River this summer into fall due to...

https://www.freightwaves.com/news/mississippi-river-shipping-faces-potential-crisis-for-third-straight-year

Record Year for Largest Container-on-Barge Network in the U.S.

15 March 2024

The Port of New Orleans (Port NOLA) recorded an impressive 20,500 container moves by barge in 2023, marking the highest number since the service was launched in 2016. The container-on-barge…

https://gcaptain.com/record-year-for-largest-container-on-barge-network-in-the-u-s/

Amazon Drought Continues To Disrupt Barge Traffic

14 October 2023

SAO PAULO, Oct 13 (Reuters) – A severe drought is disrupting barge traffic on the Tapajos river in the Amazon rainforest, shipping agencies told clients this week as Brazil enters the final months of 2023’s…

https://gcaptain.com/amazon-drought-continues-to-disrupt-barge-traffic/

Europe’s Parched Lifeline Flashes Trade Disruption Warning

25 February 2023

By Jack Wittels, Megan Durisin and Celia Bergin (Bloomberg) –Shallow waters on the Rhine are disrupting barge traffic and forcing up the cost of shipping, an early indicator the continent may need to brace for a redux of the seismic economic shock caused by last year’s drought. At Kaub, a key waypoint in western Germany, the river-measure is the lowest it’s been this time of year since 2017. Any barges planning on hauling diesel further into inland Europe are restricted to loading at about...

https://gcaptain.com/europes-parched-lifeline-flashes-trade-disruption-warning/

Barge Shipping Whack-a-Mole: Closures on Ohio River as Mississippi Bottleneck Improves

12 October 2022

By Brian K. Sullivan, Joe Deaux and Michael Hirtzer (Bloomberg) — The Mississippi River isn’t out of the woods as falling water levels along its major tributaries threaten to deepen a…

https://gcaptain.com/barge-shipping-whack-a-mole-closures-on-ohio-river-as-mississippi-bottleneck-improves/

Coast Guard: Barge Groundings Increasing on Parched Lower Mississippi River

5 October 2022

The U.S. Coast Guard says it is responding to an increasing number of barge groundings due to low water levels in the Lower Mississippi River. The Coast Guard on Tuesday…

https://gcaptain.com/coast-guard-barge-groundings-increasing-on-parched-lower-mississippi-river/

Veteran Barge Company Warns Upper Rhine River Shipping at Risk

16 August 2022

By Jack Wittels (Bloomberg) — A veteran Rhine shipping company said its business on the Upper Rhine is at risk as water levels drop. Of the roughly 150 tanker barges that…

https://gcaptain.com/veteran-barge-company-warns-upper-rhine-river-shipping-at-risk/

Kirby’s Third Quarter Profit Hit by Pandemic and Hurricanes

30 October 2020

Houston-based Kirby Corporation, the leading domestic tank barge operator, saw profit fall in the third quarter of 2020 compare to last year as the COVID-19 pandemic dragged down demand for petroleum products. The company reported 2020 third quarter results before the market opened on Thursday. Net...

http://feedproxy.google.com/~r/Gcaptain/~3/RfkS_E3dzGk/

As if COVID-19 Wasn’t Enough, the Illinois River System Faces Lock Closures

23 June 2020

By Wessley Johnson – If Covid-19 was not enough this summer, a full river closure and a halt to inland waterway transportation is slowly approaching… The Illinois River system connects the supply of goods with domestic and international markets. This system of navigable water stretches roughly 333...

http://feedproxy.google.com/~r/Gcaptain/~3/1VhuTr79KNM/

American Commercial Lines to File for Chapter 11 Bankruptcy

4 February 2020

Indiana-based barge company American Commercial Lines announced Tuesday an agreement with its lenders to file for Chapter 11 bankruptcy as part of a pre-packaged plan to raise new capital and reduce its debt. The “Restructuring Support Agreement” will inject $200 million in new capital into the...

http://feedproxy.google.com/~r/Gcaptain/~3/VTPI63mCh3A/

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