BARGE TRANSPORTATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In October 2023, Seacor Holdings is a company that operates in various sectors of the marine and transportation industry. sold its inland water division to Ingram Barge Co., a part of Ingram Marine Group. The transfer includes over 1,000 covered dry cargo hopper barges, eight powerful towboats, and associated infrastructure along the Mississippi River, now managed by Ingram Marine Group.
• In July 2023, Carbon Sink, a green methanol producer, partnered with Rose Cay Maritime (RCM) is a company operating in the maritime industry, specializing in various marine services. to create a low-carbon marine fuel supply chain. Both companies outlined plans in a memorandum of understanding (MOU) to increase production, transportation, bunkering, and storage of environmentally friendly fuel for the shipping industry.
• In June 2023, The U.S. government celebrated the expansion of the Lock 25 project on the Mississippi River. This expansion aims to improve barge traffic efficiency, enhance safety for mariners, and boost the movement of goods along the waterway, ultimately benefiting the economy.
• In January 2022, DP World is a global leader in port operations and logistics services, with a presence in over 50 countries worldwide. launched a high-quality barge service between the upper Rhine region and the Rotterdam world gateway. These new barge services promise reliable and sustainable transport connections between the two regions.