Revelation 16:9 “They were scorched by the fierce heat, and they cursed the name of God who had power over these plagues. They did not repent and give him glory.”
Important Takeaways:
- Low Water Levels on Mississippi River Threatens Shipments
- A logjam of ships, tugboats and barges due to low water levels on the Mississippi River is threatening to grind trade of grains, fertilizer and other goods to a halt, Bloomberg report
- As of Wednesday afternoon, the Coast Guard said there was a queue of 122 vessels at Stack Island and 15 vessels at Memphis. Due to increased groundings, the number of vessels in tow is being restricted.
- American Commercial Barge Line said tonnages per southbound barge have been reduced by 20% to 27%.
- As of Oct. 4, the cost per ton to ship from St. Louis to the Gulf was $90.45/ton, up 218% from last year and up 379% from the 3-year average.
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