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The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on Wednesday. The world’s biggest container group, Denmark’s A.P. Moller-Maersk (MAERSKb.CO), together with second largest line MSC of Switzerland, Germany’s Hapag… Read More
Work is progressing on the deepening of the port of Savannah, but the improvements are accompanied by concerns about cost overruns and a lengthened work schedule. The Savannah Harbor Expansion Project involves dredging the harbor at the coastal city so it can service larger cargo ships coming through the Panama Canal. The Panama Canal, which… Read More
The St. Johns Riverkeeper filed suit Friday to block dredging of Jacksonville’s ship channel, contending the U.S. Army Corps of Engineers failed to fully account for the environmental harm that dredging will unleash on the river. The suit against the Army Corps of Engineers seeks to toss the environmental impact statement and freeze any move… Read More
US-listed shipowners raised USD2.63 billion via the sale of equity and debt securities in the first quarter of 2017, according to data compiled by Fairplay. If that pace continues, this year’s proceeds for US-listed companies would top the all-time record set in 2014, when NYSE- and NASDAQ-listed owners raised USD8.17 billion. The year-on-year change has… Read More
Better access to maritime shipping and rail service would go a long way toward boosting economic development in the port of New Bedford, local observers said in response to a new report on the state’s maritime economy released Tuesday. The maritime industry grew an inflation-adjusted 37 percent from 2005 to 2015, more than triple the… Read More
Though it may not be honorable enough to agree with insinuations that successive federal governments deliberately sidelined sea ports in the eastern zone of the country for political and socio-economic reasons, the pathetic state of almost all the ports in NPA’s eastern operation also makes it impossible for anyone to believe otherwise. How else can… Read More
The failure of authorities to complete dredging in River Jhelum and other water bodies in time has made things worse as the quick discharge of flood waters would have controlled the water level to large extent in Jhelum. The officials admitted that the situation would have been different in case work was done by or… Read More
The Minister for Agriculture, Food and the Marine, Michael Creed TD, today announced details of a €2.8m package to assist 13 Coastal Local Authorities undertake and complete 51 development and repair projects on harbours and slipways owned by them (see table for details). The package provides funding for maintenance and repair works in addition to… Read More
Union Minister of Roads, Highways and Shipping Nitin Gadkari today said the Centre will dredge the Brahmaputra river from Sadia in Upper Assam to increase navigational channels up to Chittagong port in Bangladesh. “Once this project materialises, it will change the entire economic corridor of Assam,” Gadkari said during a review meeting with Assam Chief… Read More
U.S. Senators Debbie Stabenow and Gary Peters led a bipartisan delegation letter to Office of Management and Budget Director Mick Mulvaney today requesting that funding for dredging of recreational and commercial harbors in Michigan be included in the fiscal year 2018 budget. The U.S. Army Corps of Engineers has not included operation and maintenance funding… Read More
Global oil giant, ExxonMobil, is one of the international investors eyeing investment opportunities in the proposed Akwa Ibom State government owned Liberty Oil and Gas Free Zone in Ikot Abasi, an official said. The special adviser to the Akwa Ibom State Governor on technical matters, Ufot Ebong, said ExxonMobil, which has its operational base in… Read More
The innovative new GeoSwath Compact Survey Vessel (CSV) is being shown for the first time at Ocean Business. The first-ever Kongsberg developed survey vessel integrates all the equipment needed to survey shallow coastal and inland waterways quickly. It is based on a powerful and maneuvrable two-person catamaran equipped with the latest GeoSwath 4 shallow water… Read More
Norwegian technology supplier Water Linked has launched a new Underwater GPS system that leverages traditional GPS along with Water Linked’s unique underwater acoustic positioning technology. Designed to enable underwater positioning in a wide new range of marine technology applications, this system is priced at $4,800, half the cost of existing underwater positioning systems. The Underwater… Read More
Port of Corpus Christi officials today determined that a planned container facility at the La Quinta Trade Gateway is no longer a viable option due to its proximity to the North Shore residential community. Container terminal operations typically involve heavy usage of trucks, high profile cranes, and on-dock rail operations. Port officials concluded that noise… Read More
A permit has been sought under Section 5 of the Dumping at Sea Acts 1996 to 2009 to dispose of silt and gravel from upcoming dredging works. The proposed dumpsite is to the east of Dingle Harbour around 2km south of Doonshean. The €4m dredging project will allow vessels up to 120m in length dock… Read More