Ports Applaud Congressional Passage of WRDA

Thursday, December 14, 2000
U.S. public ports applauded final passage of the Water Resources Development Act (WRDA), S. 2796, conference report by the House of Representatives on November 3. The President is expected to sign this significant legislation that authorizes deepening and modification of federal navigation projects at our nation's ports. Improving navigation infrastructure generates significant economic returns at the local, regional and national levels.

"Ports are very pleased that Congress has enacted this critical piece of legislation. Improved, deeper navigation channels translates into greater employment and other economic benefits," said AAPA President Kurt Nagle. "Regular passage of WRDA legislation is integral to the nation's competitiveness in international markets. and we are pleased that Congress is back on schedule in approving legislation every other year." Major port projects in WRDA 2000 include deepening the ports of New York-New Jersey and Los Angeles and modification to projects in several other ports. A strong Federal investment in the nation's ports allows for increased international trade, a strengthening of local and national economies, an increase in higher paying jobs, as well as an improved standard of living. The amount of cargo moving through U.S. ports is expected to double in the next two decades. For this reason, the nation must have modern infrastructure to support this growth in trade. As the link to the international marketplace, ports and navigation channels must continue to be updated and modernized to remain competitive. Therefore, it is vital that Congress and the Administration work closely with the port industry to meet the needs of this growing economy. Since WRDA '86, the Federal investment in improvements to the nation's navigation infrastructure is matched by a local share that varies depending on the depth of the project. In addition to investments in navigation infrastructure, ports have invested billions of dollars of additional local funding for landside terminal facilities. Ports depend on the Federal government to deliver on its side of the partnership; regular, predictable authorization for navigation improvements is a necessity.


Contracts

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

J.F. Lehman Acquires Oldenburg's Heavy Equipment Group

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units.

Ports

Matson Orders Two ConRo Ships from NASSCO

Matson Navigation Company, Inc., a subsidiary of container shipper Matson, Inc., has signed a contract with U.S. shipbuilder General Dynamics NASSCO to build two

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

New Crane Orders for Huisman

Huisman has secured new crane contracts with a total value of around 300 million Euro from various major offshore, shipping and wind farm installation contractors: •

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1042 sec (10 req/sec)