Cooperative Effort Promotes Mississippi River Economics

MarineLink.com
Monday, November 25, 2013

Officials with the World Trade Center Mississippi River Alliance (WTC MSRA) and the Big River Coalition (BRC) have signed a Memorandum of Understanding outlining a cooperative effort to preserve and promote economic growth on the Mississippi River and Tributaries (MRT).  The organizations will work together in support of increasing the draft in the Lower Mississippi River deep-draft channel to 50 feet to equal the maximum draft to be available when the new Panama Canal locks open in 2015. Along with this agreement, both parties will be given access to broadcast their organizational information and updates to each other and its members.

“The timing for such a partnership with the Big River Coalition is ideal. We need a combined voice on this issue which has major implications on the future of commerce, not just for Louisiana, but for the entire nation,” said Dominik Knoll, World Trade Center of New Orleans Chief Executive Officer. “We see the Big River Coalition as a strong ally that the Alliance intends to work very closely with going forward.”

“The Big River Coalition embraces this partnership with the newly formed World Trade Center Mississippi River Alliance and believes this amalgamation will serve to promote and protect commerce along the Mississippi River and Tributaries (MRT),” Sean Duffy, Sr., Executive Director of the Big River Coalition stated about the partnership. “The Mississippi River Basin faces immense challenges over the next decade, floods, drought or low water issues (rock pinnacles), inadequate funding for dredging and maintenance of critical locks and dams (navigation structures) must be addressed through proactive measures and proper investment. Recent history demonstrates that our navigation channels and transportation infrastructure are under-funded by Congress and often taken for granted until emergency actions are required.  In order to protect our economic future as a nation, business and government leaders must unite to systematically modernize our neglected transportation infrastructure. This new partnership aligns the two groups on efforts to deepen the Lower Mississippi River channel to 50 feet an action that would help preserve the long-term economic vitality of the United States.”

The Mississippi River Basin connects 31 states and 2 Canadian Provinces through the third largest river basin in the world and the cargo conveyed along the Mississippi River has an approximately $115 billion annual impact on the nation’s economy each year.

According to a recent BRC study, every dollar spent to deepen the Mississippi River by 5 feet, allowing larger vessels to reach Louisiana's ports, will create $89.4 in economic benefits.  This economic impact study detailed huge benefits to the national economy; a deeper river could drive about $11.5 billion through increased international cargo movements, stemming from lower transportation costs and lower costs of importing oil. It would create 16,911 jobs nationally and $849.5 million in income for American workers.

“We need Washington to understand the importance of this maritime highway to the future of trade and exports. We must stay competitive and take an active approach to this as well as other issues along the River that threaten jobs and economic growth,” said Dominik Knoll. 

wtcmsra.org

wtcno.org

bigrivercoalition.org

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

Ports

Long Beach Harbor Tour Season

Long Beach Port is once again giving tourists opportunity to enjoy a rare view of port operations on a free Port of Long Beach harbor tour. The organizers are

Mariners Transiting Delaware River Cautioned

The Captain of the Port (COTP) Delaware Bay is notifying mariners that Upper Delaware River lighted buoy 33 (LLNR 3875) and Upper Delaware River lighted buoy

Indian Ports to Set Sail on Corporatization

Indian Finance Minister Arun Jaitley said in Union Budget 2015 that government-run ports in India will be encouraged to corporatize and become companies under the Companies Act.

Dredging

Dredging Project to Protect Virginia Shoreline

Outer Continental Shelf sand will protect infrastructure, restore dunes and habitat   The U.S. Bureau of Ocean Energy Management (BOEM) and Naval Air Station Oceana at Dam Neck,

Van Oord, Falck Ink Safety Training Deal

Van Oord has signed a two year contract with Falck Safety Services for the provision of safety training.   Van Oord, a contractor for dredging, marine engineering and offshore energy projects,

Dutch Chief Mate Sentenced for Fatal Collision

Gerardus Chapel, the chief mate at the helm of the dredger that collided with a sailing yacht at the entrance to the River Orwell in Suffolk last summer, has received a six-month sentence.

News

USCG Free Boat from Ice Near Woods Hole

A Coast Guard crew responded to a fishing vessel trapped in ice in Woods Hole Passage, Woods Hole, Massachusetts, Saturday. At about 3 p.m., the crew of the fishing boat Capt.

Tug Boat Owner Jailed After Crew Man Dies

A tug boat owner was today was given an 8 month custodial sentence after his crew member died trying to reattach a tow line in a violent storm. During today’s hearing at Southampton Crown Court,

COMPIT to Showcase Smarter Ships, Systems & Solutions

The 14th International Conference on Computer and IT Applications in the Maritime Industries (COMPIT) will take place from 11th to 13th May 2015 in Ulrichshusen, Germany.

Government Update

Indian Ports to Set Sail on Corporatization

Indian Finance Minister Arun Jaitley said in Union Budget 2015 that government-run ports in India will be encouraged to corporatize and become companies under the Companies Act.

Crimea Nationalizes Cargo Port in Kerch

The Crimean State Council nationalized the Kerch-based cargo port Kamysh-Burun belonging to the Ukrainian financial-industrial group Altcom.   According to Crimean Parliament,

LA, Long Beach Ports Cooperation Approved

Federal regulators approve expanded working pact for Port of Long Beach and Port of Los Angeles to cooperate on congestion relief   The ports of Long Beach and

Logistics

Indian Ports to Set Sail on Corporatization

Indian Finance Minister Arun Jaitley said in Union Budget 2015 that government-run ports in India will be encouraged to corporatize and become companies under the Companies Act.

ADB Okays $30mln for Pak LNG Terminal

The Asian Development Bank (ADB) has approved a $30 million project loan to Engro Elengy Terminal Private Limited, a special purpose company which will build Pakistan’s

Crimea Nationalizes Cargo Port in Kerch

The Crimean State Council nationalized the Kerch-based cargo port Kamysh-Burun belonging to the Ukrainian financial-industrial group Altcom.   According to Crimean Parliament,

 
 
Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1692 sec (6 req/sec)