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Louisiana soon will be asking the rest of the nation for some love — about $3.5 billion worth. That’s what the state will owe the U.S. Army Corps of Engineers over the next 30 years as its share of the cost of the New Orleans area’s new $14.5 billion hurricane defense system that’s due to… Read More
Busan Port Authority (BPA) has a firm goal to develop Busan into a global hub and the largest transhipment port in Asia. The port, located on the south-eastern tip of the Korean peninsula, is adjacent to South Korea’s second largest city after Seoul and serves the country’s largest industrial area, the South East Economic Zone…. Read More
The U.S. Department of Justice and the U.S. Environmental Protection Agency said in a press release Friday afternoon that Honeywell and Georgia Power Company have agreed to cleanup the 760-acre area of marsh at the LCP Chemicals superfund site. The two companies have agreed in a settlement to spend $28.6 million on a project to… Read More
U.S. Transportation Secretary Anthony Fox has announced 40 awards totaling nearly $500 million in funding for the FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants. Of the 585 applications submitted totaling $9.3 billion in requests, six awards totaling $61.8 million – or about 12.36 percent of the total funding – are going to commercial… Read More
An Indian conglomerate has started building the country’s first transshipment port, conceived 25 years ago, and the government will construct another $4 billion facility nearby to create a shipping hub rivalling Chinese facilities in the region. New Delhi will grant billionaire Gautam Adani 16 billion rupees ($240 million) so-called “viability gap” funding to help the… Read More
General Electric Co. has agreed to pay Halfmoon $5.6 million to resolve a federal lawsuit the town filed seven years ago seeking reimbursement for the costs of finding an alternate water supply as a result of the company’s PCB dredging project in the upper Hudson River. The settlement, if approved by the Halfmoon Town Board… Read More
OPINION: I spent some time in Lyttelton last weekend. It is a remarkable community steeped in history and with an eclectic retail and hospitality offering. Of course, it is a community completely integrated with our port. Lyttelton Port of Christchurch (LPC) is in one of the most exciting stage of development in its history as… Read More
The St. Johns Riverkeeper withdrew its challenge to the state permit to deepen the river, arguing that process was incapable of protecting the river, and is moving its fight to federal court. The non-profit filed a notice Tuesday to withdraw, or voluntarily dismiss, its legal challenge to the Environmental Resource Permit by the U.S. Army… Read More
If you thought Tropical Storm Darby was bad, just wait. The U.S. Army Corps of Engineers has been warning Hawaii residents of a massive flood likely to hit the islands within a century. The so-called 100-year flood could overflow the Ala Wai Canal, swamping Waikiki and causing hundreds of millions of dollars in damage. The… Read More
The government of Canada is spending almost $70 million this year to improve small craft harbour projects across the province. Dominic LeBlanc, minister of fisheries, oceans and the Canadian Coast Guard, made the announcement in Bay de Verde. The investment includes funding for multi-year projects at Bay de Verde, where the fish plant was destroyed… Read More
In 2008, Sea-Point of Orleans undertook a study comparing maritime versus railway container freight rates between a California coastal port and the Port of Memphis on the inland waterway. Despite covering three times the distance as trains and paying the Panama Canal a per container transit tariff, maritime savings approached $2,000 per container compared to… Read More
The Federal Government has been advised to dredge and revitalise the seaports in the Niger Delta in order to create jobs and end youth restiveness in the region. Mr Raymos Guanah, former Delta Commissioner for Lands and Survey, gave the advice in an interview with the News Agency of Nigeria (NAN) in Asaba on Sunday…. Read More
The U.S. Army Corps of Engineers and Port Authority of New York and New Jersey has released the Hudson-Raritan Estuary (HRE) Comprehensive Restoration Plan (CRP) – Volume 1, Version 1.0. The 255 page document dated June 2016 is the product of a multi-year effort by contributors from throughout the New York-New Jersey region, including leading… Read More
The EU Transport Coordinating Committee has approved funding for transport projects submitted by the Port of Gdansk, Poland’s leading port. According to the European Commission 16 Polish undertakings qualified as recommended projects to a total amount of nearly EUR 1.9 billion with three of these relating to the port. Two infrastructure projects from the approved… Read More
When it comes to shipper enthusiasm for sourcing and tapping domestic consumers, India has generally played second-fiddle to China. That’s changing. China’s aging workforce and its demands for higher pay and promised pensions, together with a general restructuring of the economy as it moves further into the middle-income bracket, is making room for competition in… Read More