Port of Indiana-Jeffersonville Breaks Annual Shipping Record

Posted by Michelle Howard
Thursday, January 28, 2016
For the second year in a row, the Port of Indiana-Jeffersonville set an annual shipping record with total cargo tonnage for 2015 exceeding the previous year's volume by nearly 16 percent. The port handled 2.8 million tons of cargo in 2015, driven by heavy volumes of agriculture and steel products.
 
Shipments of steel more than doubled the previous record set in 2014, helped in part by rising demand in the U.S. auto industry, which sold a record 17.5 million light trucks and cars in 2015, according to Autodata Corp. Grain volume was the second highest in port history, following only the record harvest year of 2014. Port companies ship cargo to or from all 50 states and 12 countries, and the port's 'steel campus' includes 12 metal processing companies serving the automotive, appliance and construction industries.
 
"The first driver of the port's success is its ideal location on the Ohio River in metro Louisville," said Port Director Scott Stewart. "The second driver is an unrelenting commitment by our port companies to business development and continuous improvement in producing parts and products of the highest quality. This is why our port is able to efficiently ship grain and fertilizer destined for regional and world markets and deliver steel and aluminum components as well as motor oils that America's top six automakers count on."
 
For the year, the port handled approximately 1,300 barges, 17,000 rail cars and 180,000 trucks. Shipments of fertilizer, oils and minerals were up during the year and helped drive the record volume.
 
Additional 2015 highlights for the port included the award of a $10 million TIGER Grant from the U.S. Department of Transportation which will partially fund a $17 million intermodal project and breaking ground on a $30 million transportation corridor that will link the port to the River Ridge Commerce Center's 6,000-acre industrial park.
 
"These are exceptional times at the Port of Indiana-Jeffersonville," said Stewart. "Both our port and our region are experiencing an infrastructure bonanza. The $2.3 billion Ohio River Bridges project, a $30 million transportation corridor linking the port to the new East End Bridge and River Ridge, and the $17 million TIGER project that will expand the port's rail and bulk-loading capacity are investments of historical consequence. These projects will greatly improve the region's strength in advanced manufacturing and logistics."
 
The Port of Indiana-Jeffersonville contributes over $1.5 billion in total economic activity per year to the regional economy and supports 11,200 total jobs.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Concordia Maritime Posts Q2 Profit

Facing a “gradually deteriorating market,” Sweden based tanker shipping company Concordia Maritime said it was able to post a profit in Q2 2016 based on high vessel

Brown Named Bureau Veritas Communications Director

Nick Brown has been appointed Bureau Veritas’ new Communications Director, Marine & Offshore Division, the classification society announced.    Brown will take up the post from November 2,

Bulk Carrier Trends

Safe Bulkers Reports Q2 Loss, Expands Fleet

The Athens, Greece-based Safe Bulkers Inc. (SB) has reported a loss of $9 million in its second quarter.  It had a loss of 15 cents per share.   Net revenue for Q2 of 2016 decreased by 18% to $26.

Asia Dry Bulk-Capesize Steady as Owners Spurn Low Rates

Owners anchoring ships rather than fix at low rates. W. Australia-China capesize rates hit over two-month low. Freight rates for large capesize dry cargo ships

Scorpio Bulkers books Net Loss

USA-Monaco based bulk carrier Scorpio Bulkers has reported a loss of $24.7 million in its second quarter of 2016, pushing the carrier's deficit up to $ 83 million.

Ports

CMA CGM Rolls out Bengal Bay Express

CMA CGM has introduced its new Bengal Bay Express service, operated with 11 vessels of 6,500 TEU on a weekly basis, in a continuous effort to provide its customers with the best quality service.

Container-on-barge Returns to Baton Rouge

Container-on-barge services have returned to the Port of Greater Baton Rouge to provide the petrochemical industry with another option to move its products.   Operated by SEACOR AMH,

Enterprise to Export First Ethane Cargo from Houston Terminal in August

Enterprise Products Partners on Thursday said the first ship to load ethane for export from its new terminal on the Houston Ship Channel will arrive on Aug. 1,

Container Ships

Diana Containerships in Red, Suspends Dividend

Greece-based Diana Containerships Inc. has reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier.   The shipping

Panama Canal: Assessing the Risk & Reward

The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016.

New Container Facility at Krishnapatnam Port

Krishnapatnam Port, India's largest all-weather; deep water port on the east-coast of India has inaugurated CONCOR’s - Port Side Container facility – a Government of India undertaking.

News

Dynagas 2Q Results Upbeat

The financial results of Greece-based Dynagas LNG Partners LP (DLNG) for Q2 beat Wall Street expectations.    The average estimate of three analysts surveyed

Maersk Training Bullsh on India

Maersk Training, part of the Denmark based A.P. Moller-Maersk, is betting on the Indian training centre, reports the Hindu. India is one of the 10 Centre’s that is making profits.

GasLog Reports Higher Profit in 2Q16

GasLog Partners LP has released its financial results for 2Q16, boasting a profit of US$17.38 million – 38% higher than in 2Q15. Its demand outlook for LNG carriers

Barges

ATB Design Comes of Age

The emerging trend of marrying the design of an articulated tug and barge (ATB) to a particular propulsion system to maximize efficiencies of that system has, of late,

Container-on-barge Returns to Baton Rouge

Container-on-barge services have returned to the Port of Greater Baton Rouge to provide the petrochemical industry with another option to move its products.   Operated by SEACOR AMH,

Cenac Marine to Christen New Vessel, Donate Barge

A ceremony will be held July 29 at Cenac Marine Services headquarters in, Houma, La. To commemorate the christening of its newest vessel, M/V Quincey Cenac, as

Vessels

LNG Market Needs More Vessels than Currently on Order

Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more

ATB Design Comes of Age

The emerging trend of marrying the design of an articulated tug and barge (ATB) to a particular propulsion system to maximize efficiencies of that system has, of late,

The ‘Paperless’ Ship

The cloud is for “device-agnostic young slashers,” said Trond Bjorseth, marketing manager, of Oslo-based cloud consultancy, Tieto. His company offers an information

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1150 sec (9 req/sec)