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The Port of Houston Authority is planning to add capacity by converting Bayport Container Terminal (BPT) into an additional container yard. The plan involves converting a total area of 100 acres at BPT in Bayport East End effectively increasing container volumes while improving terminal efficiency and reducing emissions. The East End was originally developed as… Read More
Sempra Infrastructure, a subsidiary of Sempra (NYSE: SRE) (BMV: SRE), today announced it has entered into a long-term sale and purchase agreement (SPA) with INEOS, for the supply of liquefied natural gas (LNG) from Phase 1 of its Port Arthur LNG project under development in Jefferson County, Texas. Under the SPA, INEOS has agreed to purchase approximately 1.4 million… Read More
The Port of Seattle has approved the largest capital plan in its history at $5.3 billion over the next five years, alongside a property tax increase of $78.42 annually per average homeowner. The Center Square previously reported on the proposed property tax levy and how it would be a 2% increase from $78.7 million in 2021… Read More
Increased investment is required all across the maritime supply chains to better prepare for future global crises and to continue the emergence of developing economies says a new report from the UN Conference on Trade and Development (UNCTAD). The agency, which focuses on economic development, cites the disruptions caused by the pandemic as well as… Read More
The Port of Seattle Commission approved final adoption of the Port’s 2023 budget and five-year capital plan today, proposing historic investments in our facilities and organization. These investments will enable the Port to support key industries, lead on environmental sustainability, and deliver for the people who rely on the port even in uncertain times. “Local industries and… Read More
The Port Authority of New York and New Jersey released the agency’s proposed $8.3 billion 2023 budget, which consists of $3.7 billion for operating expenses, $2.9 billion for annual capital spending, and $1.7 billion for debt service and deferred expenses. Following a $3 billion revenue loss during COVID-19, the proposed 2023 budget ensures that the… Read More
Gulf Coast ports got a boost in October from imports of steel, plywood and bagged goods, as well as exports of petroleum and crude oil. Port Houston sees strong gains in imports Port Houston saw a 13% increase in container volume during October, led by increased demand for bagged goods, plywood and auto imports, officials… Read More
Anyone in the city of Oswego over the last year and a half has seen cranes, trucks and local construction workers heading for the port. In the last 18 months, the port has invested over $3.5 million in dock upgrades and that number will double by the end of next year, said William Scriber, executive… Read More
The Port of Seattle Commission will provide $4.1 million over three years to partner with maritime industry employers, provide training and services to young people between the ages of 16-24, and place youth in internships that may lead to full-time employment in entry-level maritime roles. “The Port of Seattle continues its investment in youth for… Read More
$150,000 FEMA Grant Will Help Identify Ways to Reduce Flooding and Storm Impacts At Maryland Port of Baltimore’s Public Terminals The Maryland Department of Transportation Maryland Port Administration (MDOT MPA) has been awarded a $150,000 Federal Emergency Management Administration (FEMA) grant under its Building Resilient Infrastructure and Communities Program to develop a thorough flood and… Read More
Adam Tindall-Schlicht, until recently port director at the Port of Milwaukee, has been named as the eleventh Administrator of the U.S. Department of Transportation’s Great Lakes St. Lawrence Seaway Development Corporation (GLS). The GLS is responsible for the operations and maintenance of the U.S. portion of the St. Lawrence Seaway between Montréal and Lake Erie. “We are delighted… Read More
Sen. Devlin Robinson’s (R-37) bill to modernize the Port of Pittsburgh Commission, overseeing 200 miles of Pittsburgh region waterways, was signed into law November 3. Act 161 of 2022 will reduce the Port of Pittsburgh Commission from 15 members to 13 by retaining the current four legislative appointments, as well as the four members appointed by the governor. The… Read More
Secretary of Transportation Pete Buttigieg spent his Friday morning in the San Diego area to deliver a $150 million grant for the new Otay Mesa East Port of Entry now under construction. The facility is scheduled to be completed by September 2024. It will include 10 lanes of traffic to be shared by both passenger… Read More
Annual update on the engines that power global business in the region Maryland Department of Transportation Secretary Jim Ports, as well as other experts in the trade and transportation sectors, will come together December 7th to talk about the state of Maryland’s ports. At the 13th annual State of the Ports, Secretary Jim Ports and Ports America… Read More
NEW YORK & SYDNEY & MELBOURNE, Australia–(BUSINESS WIRE)–Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, and Spirit Super, an Australian industry super fund, today announced the signing of a definitive agreement to acquire 100% of Australia’s GeelongPort Pty Limited (“GeelongPort”). GeelongPort is Victoria’s second largest port located approximately 75 kilometers southwest… Read More