Jobs Available Here!

Michael Toohey, President & CEO, WCI, Inc. (taken from the February print edition of MarineNews magazine)
Thursday, February 23, 2012
Michael Toohey, President & CEO, WCI, Inc.

The tragic near-sinking of the Costa Concordia in Italy has the world’s attention riveted on the safety of cruising, the condition of cruise ships, and the training and experience of cruise captains. That’s just the way things work: tragedy focuses attention and perhaps reform.

 
We saw the same thing happen in Minneapolis in 2008 when the I-35 bridge collapsed and lives were lost.  Bridge safety became a priority in Washington, DC and for the nation.   And the Federal government provided the funding on an immediate basis to rebuild the bridge!
 

While the catastrophic collapse of a lock and dam may not impact human life to the degree these two tragedies did, our nation’s waterways navigation system is in danger of just such a breakdown that will surely affect our fragile economy.
 

According to recent Army Corps of Engineers’ data, 58% of the locks and dams on the waterways system in the United States have outlived their 50-year design life.  The commercial operators of the system and shippers know this to be true when routine, scheduled closures are now equal to unscheduled, emergency closures across the system. 
 

Something must be done to recapitalize this critically important infrastructure that returns a multitude of benefits to the American economy and to our overall quality of life.
 

One of the most important advantages the waterways provide is family-wage jobs; the economy, our prosperity, and jobs remain the priority for our nation and for its recovery. 
 

Waterways Council is concerned with jobs as well, and through its Inland Waterways Capital Development Plan, which we are hopeful will be moving through Congress at press time, offers a way to put American workers back to work building locks and dams.  In fact, there are currently more than 25 navigation projects already authorized by Congress that could begin employing U.S. workers over the next two decades.  That is $8 billion in authorized but unfunded projects ready to go!  The most important advantage our waterways can bring to America is these family-wage jobs.  An investment in our nation’s lock and dam system today will surely provide for a more prosperous tomorrow.
 

 

Increasing our exports will also grow our economy, and as the expanded Panama Canal readies to open, shippers are preparing for increased product demand.  U.S. waterways and ports need to be ready, too, in order to provide connectivity for the Canal.
 

America’s inland waterways system is like the silent workhorse of our country’s export market, transporting about 50% of grain and oilseed exports by barge (2009 statistics).  Domestically, it is vital as well, moving 20% of utility coal (inland and coastal) and 15% of petroleum movements by water (inland and coastal). Countless aggregate materials are also moved on the inland rivers for everything from housing construction to sand and salt for keeping our roads safely open in winter. 
 

At press time, industry should learn the amount of a cost over-run of the Olmsted Lock and Dam project on the Ohio River. Originally authorized under the Water Resources Development Act (WRDA) of 1988 at a cost of $775 million, the Corps of Engineers has warned of a “significant” cost increase above the already current estimate of $2.1 billion.  The inland waterways industry pays for half of the cost of this project -- and the many over-runs -- through a 20-cent- per-gallon fuel tax that goes into the Inland Waterways Trust Fund (IWTF). (*)  
 

The Olmsted project is yet another example of why the present business model to complete navigation projects is, like the lock and dam system overall, broken.
 

So as Congress returns to the nation’s capital, let’s urge them to get to work by passing the Inland Waterways Capital Development Plan and putting American workers back on the job.  
 

(*) Cost over-run has since been release by the USACE to be $800 million.

 

by Michael Toohey, President & CEO, WCI, Inc. (taken from the February print edition of MarineNews magazine)

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

People & Company News

World’s Largest Boxship is DNV GL classed

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013,

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

Finance

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Asian Airlines Pause Before Hedging on Fuel

Oil fell to four-year low of $72 on Thursday; Airlines hope the price will slip below $70 a barrel. Airlines in Asia-Pacific are holding off from hedging their

Dredging

Song Thu Lays Keel for New Dredger

The construction of a new vessel of dredging fleet, project TSHD 2000, has been launched to the RS class in Da Nang, Vietnam. The keel laying ceremony was held

EU Funds Study into New Aberdeen Harbor

The EU's TEN-T Program will invest over $940,000 for development studies for a new harbor at Nigg Bay in Aberdeen, Scotland. The harbor is to support the existing

Government Update

EU Regs on Ship CO2 Reporting Complicates IMO Agreement

ICS Concerned that EU will Preempt IMO CO2 Negotiations.   The global trade association for shipowners – the International Chamber of Shipping (ICS) – is disappointed

NATO Unconcerned by Russian Warships in English Channel

A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises.

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

Logistics

Asia VLCC Rates Could Could Climb Even More

Owners see rates climb by nearly $22,000 per day; Rates could peak as more tonnage comes free. Rates for very large crude carriers (VLCCs) on key Asian routes

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

NATO Unconcerned by Russian Warships in English Channel

A squadron of Russian warships entered the English Channel on Friday but a NATO official dismissed a Russian media report that they were there to conduct military exercises.

 
 
Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1911 sec (5 req/sec)