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GATX: 'Pressure on Revenue Remains'

GATX: ‘Pressure on Revenue Remains’
GATX: ‘Pressure on Revenue Remains’
Written by
Marybeth Luczak, Executive Editor
“Conditions in the North American railcar leasing market are consistent with our outlook coming into the year,” GATX President and CEO Brian A. Kenney said during a first-quarter 2021 earnings announcement. “GATX’s fleet utilization decreased slightly to 97.8% and our renewal success rate was 77.7% for the quarter.”
For Chicago-based GATX Corp., net income from continuing operations for the first three months of 2021 came in at $36.5 million, or $1.02 per diluted share down 22.67% from the prior-year period’s $47.2 million, or $1.33 per diluted share.
According to the railcar lessor, which reported first-quarter 2021 results on April 20, net income from discontinued operations in was zero vs. a net loss of $0.9 million or $(0.02) per diluted share in first-quarter 2020. ....

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Autonomy Is A Journey: Wärtsilä Voyage Helps Define And

Image: Wärtsilä Voyage
One the key efforts is to first make sure that there is a proper integration between our system and the propulsion system on the vessel. When that is done, we start tuning the system and doing some dry runs via simulation (simulation on the specific routes the vessel normally sails). Thomas Pedersen, Director, Automation & Dynamic Positioning, Wärtsilä Voyage. Photo courtesy Wärtsilä Voyage
MV American Courage, a 194 metres Great Lakes self-unloading bulk freighter with a cargo carrying capacity of 24,300 gross tonnage, is the largest ship ever capable of performing automated docking and dock-to-dock sailing operations. © ASC-Rand Holdings LLC ....

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Soo Locks delays midnight closure for freighter loaded with 70 tons of taconite

Soo Locks delays midnight closure for freighter loaded with 70K tons of taconite
Updated Jan 16, 2021;
Posted Jan 16, 2021
The Walter J. McCarthy Jr. arrived at the Poe Lock in the Soo early on Jan. 16, 2021.
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SAULT STE. MARIE, MI - The U.S. Army Corps of Engineers had planned to close the Soo Locks system to all ship traffic at 11:59 p.m. on Friday, Jan. 15, kicking off the annual 10-week season of winter maintenance.
But when you’ve got a 1,000-foot freighter motoring across Lake Superior loaded with 70,107 tons of taconite that needs to get to Gary, Indiana, you leave the locks open for a few more hours. ....

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Ship control redefined: Wärtsilä SmartMove Suite sets sail with the American Steamship Company

Ship control redefined: Wärtsilä SmartMove Suite sets sail with the American Steamship Company
Wärtsilä Voyage has introduced Wärtsilä SmartMove Suite to the global shipping market. This flagship offering for semi-autonomous sailing features the industry’s most advanced sensors and high-accuracy ship control systems, effectively taking the concept of automated dock-to-dock operations to the next level. Fully retrofittable, the SmartMove Suite can soup-up existing vessels with next-generation capabilities to improve safety, efficiency and productivity on the water. The technology enables navigation officers to perform at a higher level.
The first order was placed by American Steamship Company (ASC), a subsidiary of Rand-ASC Holdings LLC, and has been installed on the MV American Courage, a 194 metres Great Lakes self-unloading bulk freighter with a cargo carrying capacity of 24,300 gross tonnage. This is the largest ship ever capable of performing automated docking ....

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Wärtsilä SmartMove Suite sets sail with ASC

Wärtsilä Voyage has introduced Wärtsilä SmartMove Suite, a unique pairing of sensor tech with navigation systems for semi-autonomous ship movement, to the global shipping market. ....

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