Legislation Signed for Ports Upgrades

By Michelle Howard
Wednesday, August 27, 2014

Today, Governor Brown signed AB 2395 Legislation. The bill was co-authored by Bonnie Lowenthal chair of the Assembly Transportation Committee and the Select Committee on Ports (D-Long Beach); Jeff Gorell, a member of the Select Committee on Ports (R-Camarillo); and Hannah Beth Jackson (D-Santa Barbara).
 
By increasing the Oxnard Harbor District's borrowing authority from its current $1 million to $10 million, the legislation will help The District upgrade and modernize its facilities. The bill maintains stringent accountability standards, including a required two-thirds vote by the District's Board of Harbor Commissioners for any new borrowing.
 
"A lot has changed since 1984, and our ports need to be able to compete in the global economy," said Bonnie Lowenthal, chair of the Assembly Transportation Committee and the Select Committee on Ports.  "By modernizing the financing ability for the Port of Hueneme, they'll be able to take on some significant infrastructure upgrades, create jobs and increase local revenue."
 
"This legislation will help the Oxnard Harbor District and the Port of Hueneme in their efforts to modernize the port's infrastructure and to expand the global footprint of Ventura County's commercial shipping port," stated Assemblyman Jeff Gorell.  "As the only deep water port between southern and northern California, there are tremendous opportunities at the Port of Hueneme to provide excellent jobs to Ventura County workers."
 
Port Commission President Mary Anne Rooney said,"The Board wants to express its gratitude to Assembly members Lowenthal and Gorell, as well as to Senator Hannah Beth Jackson, who also supported this important legislation that will increase our borrowing authority. The bill will help The Port remain competitive. It also will enable us to continue upgrading and enhancing our infrastructure, as we did with our recently- completed $13 million shore side power project.  Ultimately, we'll be better able to accommodate our customer's growth plans."
 
"I'm extremely proud to be a principal co-author of this important legislation, which will allow our port to modernize, continue to stay competitive in a rapidly changing global economy, and create jobs," said State Senator Hannah-Beth Jackson.
 
Although a deep-water port with a depth of only 35 feet MLLW (mean lower low water), the Port of Hueneme is currently limited in its activities and applications.  With the increased borrowing authority, the Port will have the means to increase its harbor depth and make associated wharf improvements. Such improvements will allow the Port to accommodate a broader range of vessels and process additional cargo.
 
According to Port CEO Kristin Decas, "At least 40 feet MLLW is necessary to accommodate the Port's anticipated needs into the next several decades. The Port has identified attainable growth goals, but meeting these goals will require the executions of several critical infrastructure projects. The projects will need innovative financing solutions with very limited port capital.  AB 2395 puts another tool in our tool box."
 
The Port does not levy, collect, or spend local taxes, but instead relies on revenue generated from its operations to support its activities. Additional support is generated in conjunction with occasional state and federal competitive funding.

 

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

Ports

CMA CGM Vivaldi Docks at Halifax Port

The Port of Halifax, Nova Scotia, may be getting a new lease on life with the arrival on August 3 of the CMA CGM Vivaldi at Halterm International Container Terminal.

Seattle and Tacoma Ports Cement Alliance

The port commissions of Seattle and Tacoma voted unanimously to form the Northwest Seaport Alliance, unifying the longtime rivals’ marine cargo divisions.   The

China's Maritime Silk Road Gamble with ASEAN

The Chinese Foreign Minister Wang Yi said China hopes to connect its 21st-century Maritime Silk Road with the ASEAN Community, reports the state news agency Xinhua.

Finance

Asia to Northern Europe Shipping Rates Jump 177%

Asia to Northern Europe shipping freight rates for transporting containers jumped by 177.3 percent to $1.109 per 20-foot container (TEU) in the week ended on Friday,

FURUNO of Japan Increases Investment in ENL

ENL Group and FURUNO Electric Co. Ltd of Japan have announced that FURUNO has increased its investment into the New Zealand company to a total of 29.5%. The

Pressure for Australia Sub Deal Grows

Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on

Environmental

Totem Inks LNG Conversion Deal with Keppel

  Totem Ocean Trailer Express announced that it has signed a contract with Keppel Offshore & Marine Ltd, wholly owned subsidiary Keppel Shipyard Ltd for

S.Africa Considering Ship-Based Power Generation

South Africa could deploy power barges using gas to generate electricity to help overcome chronic supply shortages, a senior government official said on Tuesday.

NYK Hosts Safety Conference

Over three dates in July, NYK hosted a safety promotion conference for shipowners and ship-management companies at the NYK head office in Tokyo and at Imabari city in Ehime prefecture.

News

Stoody Debuts Technical Services Hotline

Stoody, an ESAB brand, has recently launched the new Stoody Tech Services (STS) hotline to provide a valuable resource to distributors and applicators seeking

Totem Inks LNG Conversion Deal with Keppel

  Totem Ocean Trailer Express announced that it has signed a contract with Keppel Offshore & Marine Ltd, wholly owned subsidiary Keppel Shipyard Ltd for

Southeast Asia Turns into a Piracy Hot Spot

According to data from the International Chamber of Commerce’s International Maritime Bureau, pirate attacks in Southeast Asia hit a 12-year high in the first six months of 2015.

People in the News

Pressure for Australia Sub Deal Grows

Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on

Asian Nations Call for Stop to South China Sea Land Work

Calls grow for China to halt land reclamation. Southeast Asian countries on Tuesday backed a U.S. call to halt land reclamation in the South China Sea, underlining

FMC Collects $1,227,500 in Penalties from NVOCC's

Federal Maritime Commission Chairman Mario Cordero announced that the Commission has completed compromise agreements recovering a total of $1,227,500 in civil penalties.

Government Update

Russia Submits Vast Arctic Territory Claims to UN

Russia has submitted its bid for vast territories in the Arctic to the United Nations, AP reported as the Foreign Ministry saying.   The ministry said in a statement that Russia is claiming 1.

Marad Visits TX Maritime Technology & Training Center

United States Maritime Administration tours Maritime Technology and Training Center site.   Administrators from the United States Maritime Administration (MARAD),

Pressure for Australia Sub Deal Grows

Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.2180 sec (5 req/sec)