panama canal by jerry knapper
TRANSCRIPT
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Panama Canal& the Barge Industry
American Institute of Marine Underwriters
May 8, 2013
Jerry KnapperAVP, Strategic Planning
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Introduction to Ingram Marine Group
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ESTABLISHED
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Family-owned andFamily-operated
Martha IngramChairman Emerita
Orrin IngramChairman, Ingram Barge Co.
Pres. & CEO, Ingram Industries
John IngramChairman of the Board
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Grand Rivers, KY
Columbus, KY
Paducah, KY
St. Louis, MO
LaPlace, LA
Baton Rouge, LA
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Ingram Marine Group
We operate152 towboats
26 Lower Miss Boats91 Locking River Boats
35 ISS/Fleet Boats
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Ingram operateson all major rivers
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Ingram InfrastructureSystem (ISS)Hub and Spoke Operations
Linehaul Motor VesselDeployment To/From Hubs
Hubs
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Ingram Linehaul Boats by RiverIngram Linehaul Boats by River
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Largest dry cargo carrier;
4th largest liquid carrier
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Strategic Situation: Competitors
The industry is relativelyconsolidated & half of the top
10 carriers are shipper owned *
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Commodities We CarryDry Cargo Tons
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Energy-RelatedCoal, Coke, Other
62%TONS
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Agriculture-RelatedGrain, Fertilizer
12%TONS
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Metals-RelatedAlloys, Iron, Steel, Ores, Scrap
14%TONS
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Construction-RelatedCement Products, Stone
10%TONS
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Chemicals (No hazardous chemicals or black oil)Caustic soda, Methanol, Acetone, Styrene, VAM
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Nearly 12,000 Miles 9ft & Over
198 lock sites / 241 chambers
Operated by Army Corps of Engineers
System is mature; but availablecapacity to support traffic growth
Nearly 12,000 Miles 9ft & Over
198 lock sites / 241 chambers
Operated by Army Corps of Engineers
System is mature; but availablecapacity to support traffic growth
Lock & Dam Sites
Areas of Congestion
Todays Inland Waterway SystemTodays Inland Waterway System
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The Lower Mississippi is an open
river with no lock structures,allowing larger tows moving
more than 80,000 tons
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Inland Waterway Volumes
Large Post-Panamax cargoes will strengthen theCenter Gulf gateway
Grain: larger geographic reach for exports
Oil Products & Chemicals: Asian destinations
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Soybeans: Draw Area Expansion Potential
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Soybeans: Draw Area Expansion Potential
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Container Distribution Network
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Port Expansions
Currently Norfolk and Baltimore are the only East Coast(or Gulf) ports deep enough for Post-Panamax vessels
New Orleans draft depth: 45 feet
Necessary draft depth: 50 feet
No plan in New Orleans yet
Panama Port Readiness
Norfolk NY/NJ Miami Charleston Savannah Houston NOLA
Already50 ft.
depth
50 ft. depthestimated
completed by12/31/2014
Seekingapproval
Planning, butno funding
Hold up for spoildisposal &
environmentalstudy
Secured fundingfor 45 ft. depth,
building newcontainerterminal
Operatingwith no
announcedplans
Panama Port Readiness
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Panama Canal Expansion (2014)
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TEUs per Barge
Twenty-foot Equivalent Units (TEUs) Container dimensions: 8 x 8 x 20
Dry cargo barge box internal dimensions:
27 x 15 x 189
~40,000 barges shipped Northbound EMPTY in 2012 (totalindustry)
Twenty-foot Equivalent Units (TEUs) Container dimensions: 8 x 8 x 20
Dry cargo barge box internal dimensions:
27 x 15 x 189
~40,000 barges shipped Northbound EMPTY in 2012 (totalindustry)
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189189
2727
17171515
Barge w/containers: Birds-Eye ViewBarge w/containers: Birds-Eye View
Barge w/containers: Side ViewBarge w/containers: Side View
TEUsperbarge=3x9x4=108TEUs
Tons per TEU = 13.5 tons (avg)
Tons per barge w/containers = 1458
TEUsperbarge=3x9x4=108TEUs
Tons per TEU = 13.5 tons (avg)
Tons per barge w/containers = 1458
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Below Cairo, IL To New Orleans
Maximum Tow Sizes
35
280
TEUs per Flotilla: 108 x 40 = 4320TEUs per Flotilla: 108 x 40 = 4320
Flotillas per Post-Panamax Ship:
10,000 / 4320 = ~2.5
Flotillas per Post-Panamax Ship:
10,000 / 4320 = ~2.5
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Post-Panamax Barge Potential
Barge Constraints Lack of Post-Panamax-ready port (50 channel depth)
Velocity
North/South network orientation
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Post-Panamax Barge Potential
Barge Advantages Industry is in a position to grow for eitherBulk
Commodity or Containermoves, both North and South
North bound barge movements
Availability of empties (40,000 barges = 4.3 million
TEUs.)
Favorable Rates
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Final Slide
Ingram Barge logo