Review of Mississippi-Illinois Waterway Study

Tuesday, October 12, 2004
The National Academies released its Review of the U.S. Army Corps of Engineers Restructured Upper Mississippi River-Illinois Water Feasibility Study. The review concludes that the Corps has made good progress in broadening a study of possible navigation improvements on the waterway system to give greater consideration to ecological restoration. However, flaws in the new models used in the study to predict demand for barge transportation undermine the economic justification for expanding locks on the rivers.

Tanker Trends

Navy Discovers Malaysian Tanker

Indonesia's navy has found a tanker carrying almost US$400,000 worth of diesel that was taken by its own crew last week due to a commercial dispute, says a report in AFP.

Big Tankers' Need for Retrofit Slows Use of New Panama Canal

The promise that some oil traders and brokers saw for an expanded Panama Canal to become a new route for large tankers will take longer to realize than expected

Pressure Mounting on VLGCs Rates - Drewry

A wave of cargo cancellations from the US is putting additional pressure on VLGC rates, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.

 
 
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