Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in the face of “inelastic” throughput capacity (which includes vessels and their landside interfaces to surface transportation
This will be my last monthly article for Maritime Reporter & Engineering News. I started writing these articles in early 2002, just over 19 years ago and during that time I have written over 228 articles, missing only one month when my grandson was hospitalized. (I have also written about 6,200 of my (almost) daily newsletters.
The U.S. Army Corps of Engineers (USACE) is evaluating remote operation of locks within the U.S. inland waterways system. Timetables are hazy, but the Corps plans to include remote operations capabilities during rehabilitations or new construction, in the work planned, for example, in the Upper Ohio Navigation Project, part of the USACE’s Pittsburgh District.
The U.S. trade deficit jumped to a record high in March amid roaring domestic demand, which is drawing in imports, and the gap could widen further as the nation's economic activity rebounds faster than its global rivals.Manufacturers lack the capacity to satisfy the surge in demand because of resource constraints and bottlenecks in the supply chain. Inventories are very lean.
By the time this article is published, voting will have concluded in the 2020 United States presidential election. Based on the possibility of legal challenges to the election, however, it may be some time before we know who will be occupying 1600 Pennsylvania Avenue on January 20, 2021. Additional uncertainty may linger with regard to control of the Senate.
American shipyards form an important economic engine, supporting nearly 400,000 jobs, $25.1 billion of labor income and $37.3 billion in gross domestic product (GDP), according to figures from the U.S. Department of Transportation’s Maritime Administration (MARAD).It’s a good thing, then, that U.S.
Bollinger Shipyards delivered the USCGC Emlen Tunnell to the U.S. Coast Guard in Key West, Fla. It is the 168th vessel Bollinger has delivered to the USCG in 35 years and the 45th Fast Response Cutter (FRC) delivered under the current program.Named to honor Coast Guard hero and NFL great Emlen Tunnell, the cutter is the fourth of six FRCs to be home-ported in Manama, Bahrain
Dallas-based Energy Transfer said Tuesday it had loaded the first Very Large Ethane Carrier (VLEC) - the world's largest at that - under its previously announced joint venture with Satellite Petrochemical USA Corp. called Orbit Gulf Coast NGL Exports.The Seri Everest, the world’s largest VLEC
As we head toward the end of a very chaotic and COVID-filled 2020 and try to reflect on the positives, the inland waterways had a pretty good year overall. Waterways Council, Inc. (WCI), whose members depend on a modern, efficient inland waterways system, offers this look back, with hopes ahead for the passage of a Water Resources Development Act (WRDA) 2020 with our construction cost-share
Victaulic appointed Rick Bucher as Chief Executive Officer, succeeding John F. Malloy, effective January 31, 2021. Dr. Bucher was named President of Victaulic in April of 2020, following a June 2019 appointment as Chief Operating Officer. Prior to joining Victaulic in 2009 as Vice President of Engineering, Dr. Bucher worked for 15 years for W.L.
GE’s Power Conversion business has been awarded a $40 million contract to supply the power and propulsion systems for two National Security Multi-Mission Vessels (NSMV). This new class of purpose-built ships for the U.S. Department of Transportation's Maritime Administration (MARAD) will be used primarily to provide cadets with at-sea training on operational vessels.
The Great Lakes Towing Company and Great Lakes Shipyard christened the newly built tugs Pennsylvania and Wisconsin at the company’s Cleveland facilities on Wednesday.“Amid the COVID-19 pandemic, it is remarkable that the Towing Company has persevered with the successful completion of these two new tugs, despite the adversity the pandemic brought to bear, not only on us, but the industry