Harbor Maintenance Trust Fund Hearing Requested

Press Release
Thursday, February 07, 2013

US Congressional Ports caucus leaders request the Transportation & Infrastructure Committee to hold a hearing on the Fund.

Congresswoman Janice Hahn (CA-44) and Congressman Ted Poe (TX-2) have addressed the following letter to the House Committee on Transportation and Infrastructure Chairman, The Honorable Bill Shuster, and Ranking Member, The Honorable Nick J. Rahall:
 
"As co-founders and co-chairs of the bipartisan Congressional PORTS Caucus, the Harbor Maintenance Trust Fund (HMTF) is a top area of interest for us. As such, we are writing to request that the Transportation and Infrastructure Committee hold a hearing on the Harbor Maintenance Trust Fund as the first step towards improving our utilization of those funds.
 
For years, the Harbor Maintenance Trust Fund has built to a multi-billion dollar surplus—even as so many ports across the nation have suffered from lack of investment. Common sense says there is a better way to manage and spend the trust fund, but we have not yet done what we need to fix it.
 
As our experience working together in the bipartisan PORTS Caucus has proven, we can find a way forward together on ports issues. The PORTS Caucus itself will be having its first meeting of the 113th Congress to discuss options to improve the utilization of the Harbor Maintenance Trust Fund later this month.
 
We know this issue holds the promise of true, bipartisan progress on a vital infrastructure matter. In that spirit, we call upon the House Transportation and Infrastructure Committee to hold a hearing on the Harbor Maintenance Trust Fund as soon as possible.
 
At stake is not only the strength and reliability of our nation’s ports and harbors, but the strength and reliability of the economic activity that flows through those gateways and creates jobs in every corner of the nation."
 

    

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter February 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

IBIA Celebrates 23th Annual Dinner

Association appoints new board members and sets priorities for the future   The International Bunker Industry Association (IBIA) has appointed three new members

OSV Delivered to MC2 in Dubai

Marine Core & Charter LLC (MC2) headquartered in Dubai has taken delivery of the new build PETRA-1, the first of two, 45-meter Fast Offshore Support Vessels in

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Ports

Port of LA’s January Volumes Up 33%

704,398 TEUs leads Los Angeles to busiest January in port history    The Port of Los Angeles handled 704,398 Twenty-Foot Equivalent Units (TEUs) in January 2016,

First ‘Reachstacker’ Starts Duty in the Port of Ravenna

Liebherr Maritime Cranes delivered a LRS 545, the first model out of the new reachstacker series, to the Italian Port of Ravenna.   The Port of Ravenna is one

Innovative Equipment Will Help Unload Listing Ship

Following Smit Salvage’s salvage of the stricken ship Modern Express in the Gulf of Biscay, another Rotterdam company has now become involved in the rescue operations.

Finance

Baltic Index Pauses at Record Low

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended flat on Thursday after declining for 12 straight sessions

Long Beach Sees Robust Container Growth

The Port of Long Beach kicked off 2016 by logging its seventh straight month of cargo increases, showing a 24.8 percent jump in container shipments over the same month last year.

Maersk Drilling Posts Record Profit

Maersk Drilling delivered the best result ever with a profit of USD 751m (USD 478m) in 2015 generating a ROIC of 9.3% (7.1%). The result was positively impacted

Dredging

Yacht Club Takes Delivery of New Dredger

Rose City Yacht Club, a long-standing private marina and social club along the Columbia River in Portland, Ore., recently took delivery and startup of a new 8-inch Badger Class dredge from Reserve,

Sydney Deep Water Port Project Named NOVAPORTE

The Harbor Port Development Partners (HPDP) and the Port of Sydney announce the new brand for Sydney’s new container terminal: NOVAPORTE and its adjacent logistics park NOVAZONE.

Funding Secured for Project to Deepen the Delaware River

Dennis Rochford, president of the Maritime Exchange for the Delaware River and Bay, announced that President Obama’s FY17 proposed budget includes $33 million for the Delaware River Deepening Project.

Government Update

NATO Sea Mission Launched against Migrant Traffickers

NATO ships are on their way to the Aegean Sea to help Turkey and Greece crack down on criminal networks smuggling refugees into Europe, the alliance's top commander said on Thursday.

Vessel Discharge Amendment Push Continues

AWO voices strong opposition to McCain anti-Jones Act amendment   The American Waterways Operators (AWO) is continuing an intensive lobbying campaign to bring

NATO Launches Sea Mission Against People-Smugglers

NATO, EU mission to help target traffickers in Aegean Sea. NATO ships are on their way to the Aegean Sea to help Turkey and Greece crack down on criminal networks smuggling refugees into Europe,

 
 
Maritime Contracts Maritime Standards Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.3722 sec (3 req/sec)