NY/NJ Port Authority To Vote On $3.9B Budget

Thursday, April 27, 2000
Board members of the Port Authority of New York and New Jersey are reportedly scheduled to vote on a $3.9 billion budget. The agenda includes reelection of top officers and discussion of a lucrative port deal, signaling that a dispute between the governors of New York and New Jersey is moving toward a resolution. The budget reportedly calls for no hikes in PATH fares and tolls at Port Authority bridges and tunnels for a ninth year. The commissioners also are expected to discuss a possible lease for the Port Newark terminal that Maersk Line vacated after it acquired Sea-Land Service and moved into its 350-acre terminal in Port Elizabeth. A top contender for taking over the 154-acre property are subsidiaries of London-based Peninsular & Oriental Navigation Co. P&O would pay three times more rent an acre than Maersk Sealand. Absent from the agenda, however, are important issues that are unlikely to be dealt with until a dispute between New Jersey Gov. Christie Whitman and New York Gov. George Pataki is resolved. Those items include a new lease for Maersk Sealand and expansion of the Howland Hook Marine Terminal on Staten Island.
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Transnet Awards Bid for Cape Town Cruise Terminal

Transnet National Ports Authority awarded the V&A Waterfront (Pty) Ltd the status of Preferred Bidder for the development of a cruise terminal at the Port of Cape Town, Transnet said on Tuesday.

Monopiles Terminal to Be Built in Rotterdam

Sif and Verbrugge to build terminal for offshore wind energy on Maasvlakte 2   Sif Group, Verbrugge International and the Port of Rotterdam Authority have signed

Sanamar Launches 3 Tugs from New Yard

Sanmar’s new custom-built, general purpose shipyard at Altinova, Turkey, has launched three 60-metric-ton bollard pull tugs on the same day, less than five months since work first started at the yard.

Environmental

Shell Steps Closer to Arctic Drilling

The U.S. Fish and Wildlife Service authorized the nonlethal, incidental, and unintentional take of small numbers of polar bears and Pacific walrus that result

US Issues Potential Setback to Shell's Arctic Drilling

The Obama administration issued a potential setback to Royal Dutch Shell's  Arctic oil exploration plans on Tuesday, telling the company that established wildlife

Ex-BP Engineer Deserves New Gulf Spill Trial -US Appeals Court

A former BP Plc engineer deserves a new trial on an obstruction of justice charge related to the 2010 Gulf of Mexico oil spill, a federal appeals court ruled on Tuesday.

 
 
Maritime Contracts Maritime Security Navigation Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.1790 sec (6 req/sec)