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 March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Euronav Posts 62% Core Profit Increase

Belgian crude oil shipping group Euronav on Wednesday unveiled a 62 percent rise in first-quarter core profit as daily rates for its fleet rebounded from last year.

CNR: Innovation Maintains US Naval Advantages

An interview with Rear Adm. Matt Klunder, U.S. Navy Chief of Naval Research What are your near term, mid-term and long term science and technology (S&T) objectives?

BIMCO: Positive Economic Developments Benefits Shipping

The recovery of the Eurozone continues as job creation returns across the region. The hiring of more staff indicates that manufacturing and service industries believes

Environmental

Huge Iceberg Broken off Antarctica Heads for Open Ocean

Scientists are monitoring an iceberg roughly six times the size of Manhattan - one of the largest now in existence - that broke off from an Antarctic glacier and is heading into the open ocean.

Offshore Oil & Gas: Brazil’s Northern Frontier

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon

RINA Launches Notation for Eco-ships

International classification society RINA has launched a new voluntary notation to clearly identify new ship designs which meet eco-ship criteria. The Efficient

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Pipelines Port Authority Ship Electronics Ship Repair Sonar Winch
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: 0.2236 sec (4 req/sec)