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

Finance

TASI Acquires SignalFire Telemetry

TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts.  This new acquisition

DP World Profit Up 22%

Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the six months to 30 June 2015,

Med Crude-Russian Urals Edges Lower in Med, Baltic

Russian Urals crude weakened in the Mediterranean and in the Baltic on Friday, while trading activity was limited ahead of a long holiday weekend in Britain, traders said.

Environmental

China Passes New Pollution Law, Will Cap Coal Consumption

Legislators have approved amendments to China's 15-year-old air pollution law that grant the state new powers to punish offenders and create a legal framework to cap coal consumption,

Marad Celebrates Deployment of Maritime Fuel Cell Project

The U.S. Department of Transportation’s Maritime Administration (MARAD) today celebrated the launch of field trials for the first prototype hydrogen fuel cell

Panama Canal Suspends Draft Restriction

The Panama Canal Authority (ACP) has lifted scheduled vessel draft restrictions brought on by lingering draught conditions in the region.   The ACP had previously set restrictions of 11.

 
 
Maritime Contracts Maritime Security Naval Architecture Pod Propulsion Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction 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: 0.1267 sec (8 req/sec)