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American Patriot Container Transport issued a solicitation on December 14 to seven U.S. shipyards to build four river container-on-vessel ships, with an option for four more. Proposals are due at the end of February.
The company says the service will cut shipper transport costs by about 30 to 40%.
A new all-water container route from the Gulf to the Midwest could offer an alternative to rail and truck for some shippers, modestly easing inland freight costs. The project is at an early stage and its effect on grain or feed prices is minimal for now.
marinelog.comNick BlenkeyDec 20, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
