Civil Works Funding of U.S. Army Corps lauded

By Joseph R. Fonseca
Tuesday, June 10, 2014
Image

 

Waterways Council, Inc. (WCI) today praised the House Appropriations Committee’s Energy & Water Subcommittee approval, by unanimous voice vote, the FY ’15 appropriations bill that funds the U.S. Army Corps of Engineers’ Civil Works program. 

Fiscal year 2015 funding for the Corps’ Civil Works mission is $5.493 billion, an increase of $25 million above the FY ’14 enacted level and nearly $1 billion ($959.5 million) above the President's budget request.

According to Subcommittee Chairman Mike Simpson (R-ID), highlights include:

*Navigation projects (undesignated) will receive an increase of $484 million above the Administration’s request.
 

*Inland Waterways Trust Fund (IWTF) supported projects received an increase of $112 million or a total of $281 million for priority projects in FY ’15.  As is normally the case, project-specific details are being withheld until the full committee marks up the bill. The expectation is that the bill will be considered there next week.

*Harbor Maintenance Trust Fund (HMTF) spending will increase by $185 million above the Administration’s request.

*Inland Operations & Maintenance (O&M) will increase by $45 million over the Administration’s request.

*There are no new starts or earmarks in the bill.

"Today is momentous for the inland waterways, but also for Americans who rely upon the critical cargoes that are transported on our rivers," said Michael Toohey, WCI President/CEO. "We witnessed the signing of the Water Resources Reform Development Act (WRRDA) 2014 into law by the President, and received strong House FY ’15 appropriations funding levels for the Corp of Engineers’ important work. Congress acted on WRRDA, the President signed the bill into law, and House appropriators are now funding our waterways’ infrastructure appropriately in order to increase exports, sustain and grow jobs, and keep America’s goods moving to market.”

 


Ports

APM Terminals to invest $70 mln in Port Elizabeth Terminal

The Port of New York and New Jersey is the largest port on the US East Coast and third largest in the United States with 6.37 million TEU handled in 2015.  In 2014,

Long Beach Port Acquires 125 Acres for Cargo Ops

U.S. Navy, Maritime Administration and California Environmental Protection Agency representatives joined City and Port officials today to commemorate the approval

Hanjin files for Receivership, Ports Turn Away Vessels

Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for court

Navigation

DGLL Pact with IALA

India's Directorate General of Lighthouses & Lightships (DGLL) has signed a Memorandum of Agreement (MoA) with International Association of Marine Aids to Navigation

284 Ships transit Suez Canal Last Week

Suez Canal traffic data showed that 284 ships transited the canal, with a total load of 14.34m tonnes, from 19 to 24 August 2016, reports Daily News Egypt.   Compared to July 2015,

Danish Maritime Authority Supports Maritime Cultural Days

The Danish Maritime Authority's buoy tender ’POUL LØWENØRN’ will be alongside in Korsør in connection with the Maritime Cultural Days. The vessel will be open to visitors throughout Saturday,

Finance

Global Fallout from Hanjin Collapse

When Hanjin Shipping, Korea's largest and one of the world’s top ten container carriers, filed filed for court receivership after losing the support of its banks,

Ship Finance 2016 Q2 Reveue Falls

Ship Finance International Limited earnings missed the Street expectations for the second quarter. Quarterly charter revenues $159m versus $174m in last quarter.

KfW IPEX-Bank Boosts its Presence at SMM

In an interview the departing head of the KfW IPEX-Bank Maritime Industries department, Dr. Carsten Wiebers offers insight into the facets of international ship

Environmental

DNV GL's New Project on EU LNG Market

Whilst LNG has proven to be a viable option as a bunkering fuel for ships, there are still challenges to the pace of its development and demand for LNG as a fuel.

Royal Navy Warship Goes to Libya

The UK provided RFA Mounts Bay to support the Danish-led maritime operation, escorting a Danish transport ship through the Mediterranean as it carried the chemicals,

Pivotal LNG, Carib Energy Reach Multi-Year Supply Deal

Pivotal LNG announced a multi-year agreement to sell liquefied natural gas (LNG) to Carib Energy LLC, a Crowley Maritime Corp. subsidiary. Crowley will transport and deliver LNG from the U.

News

DNV GL's New Project on EU LNG Market

Whilst LNG has proven to be a viable option as a bunkering fuel for ships, there are still challenges to the pace of its development and demand for LNG as a fuel.

Japanese Shippers Trim Fleets

The three big Japanese marine transport firms -  Nippon Yusen Kabushiki Kaisha (NYK Lines), Mitsui O.S.K. Lines and Kawasaki Kisen - are decreasing the number

Ship Finance 2016 Q2 Reveue Falls

Ship Finance International Limited earnings missed the Street expectations for the second quarter. Quarterly charter revenues $159m versus $174m in last quarter.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Electronics Sonar
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: 0.1127 sec (9 req/sec)