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The Brazilian government is putting together a new infrastructure investment plan – Advance – to replace the Accelerated Growth Programme, first introduced in 2007. This latest initiative has been motivated by the 1% growth in GDP recorded in the first quarter of this year. The new investment programme aims to inject $16bn into various sectors… Read More
Environmental projects from the Lake Erie shores of Monroe to the Manistique River in the Upper Peninsula are threatened by proposed state and federal budget cuts. The federal budget proposed by President Donald Trump eliminates funding for Great Lakes restoration work, while the Michigan Department of Environmental Quality could lose as much as $40 million… Read More
As the State Ports Authority prepares this month to set an annual record for containerized cargo, the maritime agency’s board of directors on Wednesday approved a budget that would set even higher marks during the coming fiscal year. The SPA expects to finish fiscal 2017, which ends June 30, with a record 1.19 million cargo… Read More
Granting of a 25-year maintenance dredging and disposal consent for the Otago Harbour channel will allow Port Otago to cater for increasingly bigger ships on the New Zealand coast. Geoff Plunket, outgoing Port Otago Chief Executive, said the latest dredging consent, granted by the Environment Court earlier this month, puts in place all the necessary… Read More
Union Minister for Road, Transport, Highways and Shipping Nitin Gadkari will inaugurate cargo operations which will resume from the port here in August. Chief Minister V. Narayanasamy on Tuesday met Mr. Gadkari and apprised him of the progress of port development works. Mr. Gadkari has agreed to attend the inaugural function, slated to be held… Read More
Port Tampa Bay is moving forward with plans to widen and deepen the Big Bend Channel after securing instrumental state and federal funding for the project. The port was awarded a $5.7 million grant from the Florida Department of Transportation, which will be used toward the widening and deepening of the Big Bend Channel. The… Read More
The Port of Tauranga’s successful establishment as the only New Zealand port call for Maersk and Hamburg Sud’s big ship services is going to change New Zealand’s ports, says board chariman David Pilkington today. Speaking at an on-wharf celebration today of the port’s handling one million twenty foot equivalent containers in one year, David says… Read More
Port of Tauranga today celebrated a new record of more than one million TEUs (twenty foot equivalent units) processed in a year – a first for any New Zealand port. The milestone cements Port of Tauranga’s position as the busiest container port in New Zealand. The one millionth TEU crossed the wharf on 6 June… Read More
Statistics from the National Inland Waterways Authority (NIWA) indicate that about 3,800 kilometers of the nation’s waterways are navigable seasonally, with 28 out of the 36 states of the federation accessible by water. Besides, Nigeria can also link five of its neighbouring countries through water, namely-Benin Republic (Port Novo), Equatorial Guinea, Cameroon, Chad and Niger… Read More
The Nigerian Ports Authority has threatened to sever ties with its joint ventures partners unless they come clean on recently-uncovered allegations of corruption, PREMIUM TIMES has learnt. The threat was handed down at a meeting Thursday, as ports’ management officials scrambled to contain the fallout of an audacious bribery scandal that calls the operational ethics… Read More
The Maersk Shanghai slipped into Government Cut before dawn Wednesday and headed to its berth at PortMiami, becoming the largest container ship to ever call at a Florida port. The 1,063-foot-long, 159-foot-wide megaship is almost the length of three football fields. Before PortMiami underwent a widening and dredging of its shipping channel from 44 feet… Read More
The Nigerian Ports Authority, NPA, has expressed concerns over a recent PREMIUM TIMES report which detailed how some former top officials of the agency were indicted in Switzerland for alleged corruption. The Managing Director of the agency, Hadiza Bala Usman, said the report, apart from being “deeply embarrassing” to the NPA, was particularly worrisome because… Read More
According to the latest forecasts, the 2017 Atlantic hurricane season will be more active than historical averages with regard to the number of named storms. To that end, planning for future weather events was top of mind at a May 18 conference on the urgent need for a New York harbor storm surge barrier. Presented… Read More
Moody’s Investors Service has upgraded Port of Oakland bond ratings and assigned ratings on an upcoming series of refunding revenue bonds. The upgrades, announced June 9, include: – $656 million of senior lien bonds to A1 from A2; – $324 million of intermediate lien bonds to A2 from A3; and – a subordinate lien bank… Read More
U.S. Sen. Bob Casey urged President Trump on Monday to include money in his proposed budget to continue work on locks and dams on the Monongahela River, including the one in Charleroi. Casey also criticized the president for suggesting that tolls be placed on those who navigate through locks on the river, something that “could… Read More