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.

 


Legal

Philippines: Sea Dispute Won't Shift Ties with China, U.S.

The Philippines' territorial dispute with China over the South China Sea has not caused Manila to rebalance diplomatic ties with either its ally, the United States,

Hanjin Shipping to Submit Self-Rescue Plan

South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media.

US Coast Guard Announces Final TWIC Rule

The U.S. Coast Guard announced Tuesday the publication of the final rule concerning Transportation Worker Identification Credential (TWIC) reader requirements. The

Ports

Delaware River Ship Arrivals Continue Gains in 2016

Maritime Exchange for the Delaware River and Bay President Dennis Rochford has announced the tristate port vessel arrival statistics for the first six months of 2016.

Extreme Boat Lifts Installed in the Panama Canal

When the Republic of Panama needed lifts for a pair of its service boats, it turned to Golden Boat Lifts for the supply of two custom-designed 7,000 lb. capacity

Fednav Welcomes Innovative Ballast System at Indiana Port

Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing

Finance

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

Monjasa Bags Credit Facility from Société Générale

Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from

Environmental

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

Fednav Welcomes Innovative Ballast System at Indiana Port

Fednav Limited, the largest international bulk shipowner in Canada, welcomed to the Port of Indiana-Burns Harbor, the Federal Caribou, one of seven new oceangoing

2015 Congestion Affected Long Beach Port's Air Quality

Pollution around the Port of Long Beach has been dramatically cut over the last decade, however, according to the latest study, lingering effects from ships at

News

US Navy Ships Conduct Astern Replenishment-at-sea

“While replenishments-at-sea are routine, astern refueling is unique and requires precise navigation and coordination,” said Lt. Cmdr. Jason Ileto, fleet replenishment scheduler for Commander,

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Another Hurdle for The Ocean Alliance

Commissioner William P. Doyle of the U.S. Federal Maritime Commission today voted in favor of requesting additional information from The Ocean Alliance parties.

People in the News

Five Minutes with Paul Switzer

Five minutes with Paul Switzer - Manager, Shipbuilding & Offshore, Viega   For readers not familiar with Viega, please give a ‘birds eye’ view, putting the company

Höegh LNG Speeds up FSRU Conversion

Höegh LNG Holdings Ltd. today announced that it has signed agreements with Wärtsila Oil and Gas (EPCIC regas) and Moss Maritime (engineering) for its first FSRU conversion project,

Fugro, US Army Corps of Engineers Ink Mapping Deal

Fugro has been awarded a photogrammetric and LIDAR surveying and mapping contract by the U.S. Army Corps of Engineers, St. Louis District, Missouri. The agreement

Government Update

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Another Hurdle for The Ocean Alliance

Commissioner William P. Doyle of the U.S. Federal Maritime Commission today voted in favor of requesting additional information from The Ocean Alliance parties.

Canada May Ask Far-offshore Drillers to Pay Extra

Canada may ask oil companies to contribute to the hundreds of millions of dollars or more the country has to pay to an international body if they drill far offshore,

 
 
Maritime Contracts Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators 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: 0.1669 sec (6 req/sec)