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The U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded $4.9 million in grants to support capital improvements at nine small shipyards located throughout the United States. Provided through the Small Shipyard Grant Program, the funding supports industrial modernizations that increase productivity, allowing the nation’s small shipyards to compete more effectively in the global marketplace…. Read More
China will encourage ships flying its flag to take the Northwest Passage via the Arctic Ocean, a route opened up by global warming, to cut travel times between the Atlantic and Pacific oceans, a state-run newspaper said on Wednesday. China is increasingly active in the polar region, becoming one of the biggest mining investors in… Read More
The United Arab Emirates (UAE) appears to be constructing a new port next to Assab International Airport in Eritrea, which could become its first permanent military base in a foreign country. Satellite imagery shows rapid progress has been made since work began sometime after September 2015. A square of coastline measuring about 250×250 m has… Read More
Fiji is expected to engage on a Memorandum of Understanding (MOU) with India’s Ministry of Shipping not only to strengthen the close relations of the two countries, but to benefit from enormous opportunities available in India. This is one of the points highlighted at last week’s Maritime India Summit held at Bombay Convention and Exhibition… Read More
Container lines can reserve transits of vessels of up to 14,000 twenty-foot-equivalent units through the Panama Canal, providing carriers with the ability to gain greater economies of scale, which may or may not be passed onto shippers. READ FULL ARTICLE HERE
This year’s high river conditions on the lower Mississippi River have again deposited enough sediment in Southwest Pass to continue to disrupt shipping, costing operators millions of dollars, industry officials told the Mississippi River Commission on Friday (April 15). The navigable depth of Southwest Pass has dropped to 42 feet, when the channel is authorized to… Read More
Jailed former Guatemalan President Otto Perez was accused on Friday of negotiating and receiving part of a $25 million bribe in exchange for granting a port concession to a Spanish company, the attorney general’s office said on Friday. The latest accusation comes a year after a bribery scandal toppled Perez’s government, forcing his resignation and… Read More
Drayage and inland infrastructure bottlenecks that have long been a drag on growth at state-owned Chennai Port continue to drive up demand for alternative port options on India’s east coast. READ FULL ARTICLE HERE
The Patrick Port Botany Sydney terminal is closed as members of the Maritime Union of Australia participate in a 48-hour strike, with more work actions planned at the Brisbane container terminal next week. The stoppage, close behind one at Fremantle last week, has its roots in the breakdown of negotiations on employment terms and conditions… Read More
The U.S. government should concentrate harbor deepening funds on the most important gateways instead of scattering limited resources across multiple projects, said Curtis Foltz, CEO of the Georgia Ports Authority. Foltz suggested that the government identify the 10 or so most important gateways for major cargoes such as containers and bulk commodities, and give them… Read More
The high cost of dredging—deepening and maintaining port channels—is often cited as the main reason why ship calling costs, or so-called vessel-related charges, are high at Indian ports, compared with other harbours in Asia. This is because dredging costs are recovered from ships docking at the ports to unload and load cargo. That makes it… Read More
Several state lawmakers on Monday vowed to champion a hurricane protection system for the Texas coast — the Houston region, in particular — by giving money to scientists so they can finalize storm surge barrier proposals, or by working with members of Congress to bypass a lengthy U.S. Army Corps of Engineers process and secure… Read More
India’s ports sector continued its financial recovery in fiscal year 2015 to 2016 after its 12 major state-owned ports, known as major ports, booked an increase in operating profit of 19 percent. The country’s 12 public port trusts registered a combined operating profit of Rs. 4,268 crore ($641.5 million) in the year ending Mar. 31,… Read More
A port funding request that could provide revenues for dredging as the Los Angeles/Long Beach port complex prepares for the new megaships moved forward Tuesday when the House Committee on Appropriations included it in a draft bill. U.S. Rep. Janice Hahn’s request for $1.26 billion — which, if eventually approved, would be divvied up among… Read More
On Saturday, Iran’s official oil and gas media outlet, Shana, announced that India intends to spend $20 billion on developing energy and petrochem projects at the port of Chabahar in southeastern Iran, the closest deepwater Iranian port to the subcontinent. The Indian minister of petroleum and natural gas, Dharmendra Pradhan, said after a meeting with… Read More