Demand for Kirby’s inland tank barges sank in Q3
Kirby tops earnings expectations on lower costs despite COVID and hurricane hits to demand.
Kirby tops earnings expectations on lower costs despite COVID and hurricane hits to demand.
Kirby Corp pulls 2020 guidance but inland barge utilization is still strong at 90%.
Petchem shippers are keeping inland barge owners busy, but upside could be temporary.
Terms of the court-protected restructuring of American Commercial Lines have already been agreed to and no disruptions are expected.
Kirby, already America’s largest river-barge transporter of petroleum, gets bigger still.
The Netherlands leads Europe in inland waterway transport, and to keep its dominance over roadways intact, it looks to invest heavily in autonomous shipping technology.
Container shipping line Maersk will move 16 containers on river Ganges (National Waterway-1) from Varanasi to Kolkata in India on February 12, marking the entry of commercial shipping players in India’s nascent inland water transport network.