Maritrans: Missing Data = Flawed Study

Friday, February 21, 2003

Maritrans Operating Company L.P. said it believes the benefits of deepening the Delaware River to 45 ft. have been severely misstated by the U.S. Army Corps of Engineers (ACOE). The ACOE report, released in December 2002, concluded that the benefits to cost ratio of the deepening project was 1.18 to 1. The report states that the major benefit of this project is in the form of reduced lightering expenses for refineries along the Delaware River. Maritrans Operating Company L.P., which performs a very high percentage of all lightering for area refineries, reports that the ACOE understated the actual volume of lightering by approximately 25 percent and under-reported the number of hours spent lightering by approximately 35 percent. These are key statistics in the report's calculations, and Maritrans believe that the ACOE's errors result in a substantial overstatement of the benefits of the project.

Maritrans Operating Company L.P. said it provided the ACOE with historical facts about lightering operations in an effort to have the information included. While this information had previously been provided at the ACOE's request, it was not included in the final analysis of the deepening project's feasibility.

In June 2002 the U.S. General Accounting Office issued a report in which it reviewed the ACOE's initial economic justification to dredge the Delaware River to 45 ft. The ACOE agreed with the GAO findings and committed to perform a re-analysis of the economic justification for the project.

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

Harper Government Invests in Naufrage Harbor

The Honorable Gail Shea, Minister of Fisheries and Oceans, announced today an investment to improve safety and working conditions for fishermen at Naufrage Harbor, Prince Edward Island.

Strategic Marine’s Stock Program Full Power Ahead

Strategic Marine, the specialist shipbuilder and fabricator, has confirmed its stock program of personnel transport vessels is market-ready. “Our stock program

Environmental

Climate Change Boosts Galapagos Penguin Population

New study finds shifting winds and ocean currents helped double endangered Galapagos Penguin population   Shifts in trade winds and ocean currents powered a resurgence

Canada's First LNG Ferry Launches with Bestobell Valves

Bestobell Valves is celebrating supplying cryogenic valves to Canada’s first LNG-fuelled ferry – the MV Armand-Imbeau II, which has recently been launched.   It

Harper Government Invests in Naufrage Harbor

The Honorable Gail Shea, Minister of Fisheries and Oceans, announced today an investment to improve safety and working conditions for fishermen at Naufrage Harbor, Prince Edward Island.

 
 
Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4460 sec (2 req/sec)