ASCE to Release New Report Detailing Trade Impacts

Press Release
Wednesday, September 12, 2012

ASCE to Release New Report Detailing Trade Impacts of Failing to Invest in America’s Seaports/Inland Waterways. Engineers, International Trade and Ports Experts to Outline Modernization Needs; Opportunities for Job Creation

The nation’s seaports and inland waterways are critical links that make commerce possible. With the expansion of the Panama Canal by 2015, these facilities require rapid modernization. Recognizing this, the American Society of Civil Engineers (ASCE) will unveil a new economic study on THURSDAY, SEPTEMBER 13th at 10 AM.  The study measures the impacts on jobs, GDP and other economic indicators if the nation fails to meet the investment needs of our ports infrastructure on our national economy. Attendees can RSVP by emailing rsvp@gpgdc.com.

The nation’s ports facilitate international trade, a significant driver of growth in the U.S. economy.  Exports alone supported approximately 9.7 million jobs in 2011 with every billion dollars of exports supporting 5,080 domestic jobs.

The expansion of the Panama Canal will transform the trade sector by opening the route to larger ships that require wider and deeper harbors at port facilities.  Ports throughout the world are focused on ensuring they remain competitive by preparing their facilities to accommodate these larger vessels. The U.S. must make the same type of infrastructure improvements or we will fall behind.

The fourth report in ASCE’s Failure to Act series quantifies the macro costs to the economy of unmet investment needs in America’s waterborne and airport infrastructure – including job losses, impacts on GDP, U.S. exports, household budgets and personal incomes. It also projects the level of investment needed by 2020 to circumvent these consequences.

The panel discussion will convene experts in international trade, ports, and inland waterways to explore the report’s implications for U.S. consumers and businesses and discuss other near-term challenges facing the sector.
Attendees will have the opportunity to participate in the moderator-led discussion and a light breakfast will be provided.

WHAT:

Panel Discussion/Teleconference to Discuss the Release of Failure to Act: The Economic Impact of Current Investment Trends in Airports, Inland Waterways, and Marine Ports Infrastructure

WHO:

.Andy Herrmann, P.E., President of American Society of Civil Engineers
(ASCE)

.Grant D. Aldonas, Principal Managing Director of Split Rock International, Former Under Secretary of Department of Commerce for International Trade

.Stephen A. Curtis, P.E., At-Large Director of American Society of Civil Engineers (ASCE)

. Rick Calhoun, Immediate Past Chairman of Waterways Council, Inc., President, Cargo Carriers, a business of Cargill, Inc.

.Jerry A. Bridges, Chairman of the American Association of Ports Authorities and Executive Director, Virginia Port Authority

WHEN:
Thursday, Sept. 13th, 10:00 a.m. EST

WHERE:

The Glover Park Group,  1025 F Street NW, 9th Floor, Washington, DC

*The GPG offices are located on F Street NW between 10th and 11th streets directly above the Metro Center metro stop.

DIAL-IN:

Call Name: American Society of Civil Engineers Seaport and Inland Waterway Infrastructure report

888-778-8895 (U.S. and Canada), 2786041 (teleconference access ID)

RSVP:  Attendees are asked to RSVP by emailing rsvp@gpgdc.com.

Maritime Reporter October 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

DP World Mulls Senegal Free Zone

DP World  is looking to develop a free zone in Senegal, Chairman Sultan Ahmed bin Sulayem said on Wednesday. Sulayem was speaking at an African investment event in Dubai.

Skangass Builds LNG Terminal in Pori, Finland

With investment support from the Finnish Government of 185 million NOK Skangass has decided to build a new import terminal for LNG. The terminal will be completed in 2016.

Government Update

Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import

Cove Point LNG Export Facility Gets US FERC Approval

U.S. federal regulators on Monday approved construction of Dominion Resources Inc's liquefied natural gas export project in Cove Point, Maryland. Cove Point is the fourth U.

Port Firm Fined £650,000 for Health, Safety Breach

A port operator has today (Monday 29 September) pleaded guilty to health and safety breaches, following the deaths of three crew members of a tug which capsized on the River Clyde in 2007.

Logistics

Chinese Manufacturing Expansion Affects Shipping Demand

The expansion of the Chinese Manufacturing Industry continued in September at unchanged pace as compared to the month before, BIMCO reports. The manufacturing industry

MOL Restructures Asia to S. Africa Service

Mitsui O.S.K. Lines, Ltd. (MOL) announced the restructuring of its existing Asia to South Africa liner services into two direct loops. One service will call South China,

DMR Examines Container Terminal Congestion Issues

Container port congestion has been hitting the headlines recently, but the reasons for it vary widely and in many cases it is only a short term issue. Certain world

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.2111 sec (5 req/sec)