David Grzebinski: Yes. No, I – this isn’t precise, but we think there are only 24 or 25 liquid barges on order for 2024 delivery. Certainly, nobody’s panicked. I think I referenced this in some earlier comments, but most of our competitors and including us, we’re very busy just trying to maintain our fleet with this maintenance bubble that’s hitting us. So that’s soaking up a lot of, a lot of capital for – in finances for a lot of our competitors including us. I mean, we’re spending a lot more. You heard our maintenance CapEx is up a lot in the last couple of years. So nobody is really panicking and trying to go out and build any new equipment right now. It’s, everybody’s, pretty absorbed and disciplined right now just trying to keep their current fleet running.
Greg Lewis: Okay, great. That makes sense. And then you kind of alluded to this before on labor and mariners’ availability. But can you – can you remind us how many or what percentage of towboats you guys are chartering in currently or expect to for the coming year? And then any commentary on, labor constraints and wage increases kind of affecting the availability and cost of chartering in?
David Grzebinski: Yes, look, mariners are short across the board. Whether it’s in the charter fleet, or owned fleets. We operate probably 290 inland towboats and 28, 27 offshore. Our charter fleet, we don’t get too specific on it, but it’s, in the 60 range. We’re seeing labor pressure across the board and just getting qualified mariners – I think what happened is kind of interesting, people – that, there was a trucker shortage and there was lot of shortages of labor and a lot of people kind of moved away from maybe the marine side. They’re maybe moving back now, but it’s tough to find qualified mariners. That’s why we have our own school. It, that it’s a very skilled set of – well, it’s a high set of skills to push a football field full of barges with a towboat on a river that’s moving with wind blowing.
These are highly skilled individuals, including the tanker men and the deck hands on that. So yes, I’m rambling a bit here, Greg. Sorry about that, but we are seeing labor pressure both on the charter side and on the owned side. It’s just, just a shortage of them. We’re trying to train them as fast as we can, but it takes a while to train for these very specific tasks that are very highly skilled.
Greg Lewis: Thanks, yes, I appreciate that. How do you think the industry kind of solves that problem? I mean, I know you guys have your school and have that method, but just industrywide, is it simply a function of rates getting to a place where wages can increase enough to attract additional labor back in to the industry or do you think – like is it a solvable issue, do you see it getting solved over time or do you think it’s just a necessary evil in the future?
David Grzebinski: No, I mean crewing is always a bit of a challenge. Look, I mean living on a boat is, it’s a different lifestyle, right? I mean, some of our guys worked 30 on and then 30 off, or two weeks on, one week off, not being home every night, it is a challenge. So, it’s a specific lifestyle that’s hard to fill, just because you’re away from home and family a lot, so there’s that natural tension away from it, from a kind of a life balance standpoint. That said, we do pay well, I think, our industry plays really, really well. We recruit in high schools. Last year, we hired 300 new deck mariners and, we’re doing everything we can. I think it solves itself. We will keep running as a business, but, that is part of the reasons rates have to go up, Greg, to your point.
Raj Kumar: Right, with all the inflation and, the training facility that we have, Greg, helps us a lot and it’s a differentiator for us.
Greg Wasikowski: Got it, okay. Thanks, David and Raj. I appreciate it.
David Grzebinski: All right. Thank you.
Operator: And this concludes our Q&A session. I would now like to turn the conference back to Mr. Kurt Niemietz for closing remarks.
Kurt Niemietz: Thank you, operator, and thank you everyone for joining us. Any follow-up questions, please reach out to me directly.
Operator: This conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.
