Keppels delivers its first rig of 2018 and the first of 5 Super Class B jackup rigs to Borr Drilling. Borr operates a mixed fleet (F&G, KFELS and PPL) of 20+ premium jackup rigs in Gabon, Nigeria, Thailand and elsewhere.
Seaspan accepted delivery today of the MSC Yashi B, an 11000 TEU vessel under bareboat charter with MSC Mediterranean Shipping Company S.A. for 17 years. MSC is obligated to purchase the vessel at end of charter.
Union Pacific and Norfolk Southern head to head profitability…
UP 21.84% and NS 17.86% net margin
UP 23.35% and NS 14.72% ROE
UP 08.12% and NS 05.29% ROA
BP completed its $250MM spin-off to INEOS of the Forties Pipeline System and Kinneil Terminal.
The Forties Pipeline System (FPS) is an integrated oil and gas terminal, transportation and processing system serving the Central North Sea and currently transporting around 500,000 barrels a day.
Kinneil serves up to 50 fields with a 1,000,000 BBL/D capacity or 40% of total UK oil production.
Airbus and Bombardier partner on the C-Series with a 50.1% interest to be held by Airbus.
The partnership provides Bombardier with the financial and marketing power of Airbus. The 300% US tariff for the C-Series will potentially be avoided by Airbus assembling the planes in its Alabama plant.
$128MM investment to consolidate 2 docks and add infrastructure to enable vessel on/off lift capacity of 1300 containers per hour and 1 million rail TEUs per year to accomodate a 50% gain in neo-Panamax vessel traffic in 2017 alone.
Private investment includes the 630,000 SF and 345,000 SF warehouses being built by Noble House and Best Choice, respectively.
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.
September 2017 saw 1,401,081 trailers and containers transported via intermodal rail. It’s the highest monthly total ever.
Intermodal numbers are also up for the year with volumes 3.4 percent higher than YTD in 2016 and 30 bps higher than 2015, the highest volume year on record.
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.