Columbia Snake River Grain Export Gateway

Each year approximately 44 million tons of cargo valued at approximately $24 billion moves through the deep draft Lower Columbia River, according to the Pacific Northwest Waterways Association (PNWA).

“The Columbia Snake River System is the nation’s largest wheat export gateway. When combined with soybeans, corn, pulses and other grains, it is the third largest grain export gateway in the world. It is number one on the west coast for forest products and mineral bulk exports,” notes the PNWA.

The Mouth of the Columbia River jetty repair and rehabilitation project underway with J.E. McAmis, a heavy-civil, marine and environmental contractor, is critical.

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Sherwin Williams 3Q17 Business Interruption Earnings Hit

Sherwin-Williams Co. (SHW) cuts its guidance for sales and earnings per share for the third quarter ending September 30, 2017.

3Q17 sales and profit have been negatively impacted by the lost sales days, costs related to clean up and recovery efforts and tightened supply of propylene and ethylene based raw materials.

SHW cut its expectation for net income per common share in the third quarter to be in the range of $3.40 to $3.70 per share compared to previous expectation of $3.70 to $4.10 per share.  Comparative net sales are projected to be in the low single digit not the mid single digits.

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Shipping Container Fleet Market to Reach $14.4 Billion

Transparency Market Research (TMR), a market intelligence company, has found that the compound annual growth rate (CAGR) will be 5.70% during the period from 2017 to 2025.

Middle East and Africa container fleets are expected to witness significant growth as the oil, gas, and chemicals industries grow throughout the region.  Asia Pacific is projected to remain strong at over 35% of the global container fleet market.

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Crowley Update on Puerto Rico Relief Effort

Crowley Maritime provided an update Friday on its on-going effort to get relief supplies to the people Puerto Rico in the aftermath of Hurricane Maria.

Crowley is transporting 100 fuel distribution trucks with 275,000 gallons of diesel fuel and 75,000 gallons of gasoline to support relief efforts in Puerto Rico.  Arrival Monday October 2.

By Friday, Crowley projects to have 4,100 commercial loads on its terminal ready for pickup containing a variety of needed products, including food, beverages, construction materials, clothing and much more.

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Puerto Rico, Crowley Maritime and Jones Act

Crowley Maritime has 3,000 loads of food, supplies and other cargo on its terminal in San Juan ready for hurricane relief.  Fifty trucks are delivering the relief cargo to distribution centers on the island.

An additional 2,700 loads of hurricane relief will be shipped from Jacksonville to Puerto Rico, St Thomas and St Croix by Crowley with still more on its way.

crowley puerot rico

Rickenbacker Inland Port FTZ Drives $$

Cargo imports exports at Rickenbacker rose 21 percent in the first half of 2017, bolstered by increased service from Etihad Airways, Trinity Logistics, and Emirates.

Norfolk Southern’s Heartland Corridor service carries double-stack containers between the Port of Norfolk and Chicago via the Rickenbacker Inland Port. Columbus is a one-day drive to 47% of the U.S. population and 47% of the country’s manufacturing capacity.

Over six-million square feet of new logistics and distribution space was added in 2016, a record breaking year for Columbus in terms of new supply from construction.

Norfolk Southern

 

TRAC Intermodal Chassis Pool Award 2017

The Association of Bi-State Motor Carriers has named TRAC Intermodal the Best Overall Chassis Provider in the Port of New York-New Jersey for 2017.

TRAC’s active fleet is over 270,000 chassis and a footprint of approximately 600 marine, 160 domestic and 60 depot locations across North America.  TRAC is the nation’s largest intermodal chassis pool manager and IEP.

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Maersk, Rowan and Offshore Oil Drilling Deal

Rowan Cos. is in talks to acquire the drilling business of A.P. Moller-Maersk shortly after Transocean agreed to buy Songa Offshore for $3.4 billion.

Maersk has 24 drilling rigs, including drill ships, deep-water semi-submersibles and high-end jack-up rigs, according to its website. It employs over 3,000 people and the business generated a profit of about $743 million in FY 2016.

The drilling business assets could be valued at about $4 billion.  Rowan, a Houston TX offshore contract driller, has a market value of $1.4 billion, down from $5.6 billion in 2011, when oil sold for more than $100 a barrel.

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$450MM Intermodal Honolulu

The 84-acre Kapalama Container Terminal (KCT) and its 1,800 lineal feet of new berthing will enable Honolulu to almost double its cargo capacity.

The $450 million Harbors Modernization Plan is a four year project beginning December 2017 and targeted for completion in 2022.

Phase 1 includes the 84-acre intermodal yard with an elevated two-foot grade for rising sea levels as well as 1,800 lineal feet of new berthing.  KCT is located next to the existing inter-island yard to enable 50,000 moves per year.  Imports make up more than 80% of all goods in Hawaii.

Port of Honolulu