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Friday, March 29, 2024
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Trust Fund News

28 Mar 2024

Insights: Cherrie Felder, VP, Channel Shipyard Companies

Cheryl “Cherrie” Felder is among the U.S. barging industry’s most well-known leaders, having built a reputation as a difference-maker and champion for the industry.

For Cheryl “Cherrie” Felder, the path to the maritime industry was both untraditional and seemingly meant to be. After studying African art, she began her career working in a museum in New Orleans before landing a role directing professional rodeo in the Big Easy.“It was a lot of fun, and I learned a whole lot,” Felder said. “But as you may imagine, New Orleans is not a rodeo town. After the third year, the board of directors decided, okay, that's it. No more rodeo.”And that’s when Felder’s doorway to the maritime industry swung open…

25 Mar 2024

Demopolis: A Cautionary Tale for Increased Infrastructure Investment

Demopolis Lock—which suffered a recent catastrophic failure—is a cautionary tale for other locks and those in Congress and the White House who may fail to see the urgency and importance of investing in the inland waterways system. (Photo: Chuck Walker / U.S. Army)

Demopolis Lock—which suffered a recent catastrophic failure—is a cautionary tale for other locks and those in Congress and the White House who may fail to see the urgency and importance of investing in the inland waterways system.The nation’s inland waterways lock and dam infrastructure, largely constructed in the 1930s, has seen modernization and rehabilitation across the system, albeit very slowly. Despite those efforts, lock failures continue, and the risk of failure persists.While…

12 Oct 2023

Inland Waterways: US Making Progress on Infrastructure

(Photo: Michel Sauret / USACE)

The United States’ vast network of navigable inland rivers is vital to the nation’s economy, serving as an aquatic superhighway for the efficient shipment of critical commodities like agricultural goods, energy products, building materials and industrial chemicals to destinations within the U.S. and to deepwater ports for export. The Waterways Council, Inc. (WCI), which advocates for a modern, efficient and well-maintained inland waterways, often describes the network as “the…

26 Jun 2023

U.S. House Committee Green-Lights Strong Funding - WCI

© W.Scott McGill / Adobe Stock

The House Committee on Appropriations approved by a vote of 34-24 the Fiscal Year (FY) 2024 Energy and Water Development (E&W) Appropriations Bill. Included in the bill are Community Project Funding (CPF) requests for Inland Waterways Trust Fund (IWTF) construction projects.Overall proposed funding for Corps’ Civil Works is $9.57 billion, an increase of $910 million above FY23’s appropriated level, and $2.16 billion above the President’s FY24 budget request.FY24 funding for construction projects on the inland waterways is $455.97 million…

19 Jun 2023

Dredging: Keeping the Mississippi Open

(Photo: USACE)

“Not only does the top of the river move, but the bottom of the river also moves.” - James Bodron, U.S. Army Corps of Engineers, Mississippi Valley Division, Regional Business Director.Dredging was the Herculean act that allowed much of the U.S. economy to keep chugging along as usual, at least for Midwest and Central states, as drought conditions threatened to shut down river traffic on the Mississippi River and its tributaries, during fall and winter 2022 and early 2023.The full scope of these U.S.

20 Mar 2023

Getting the Work Right: Coordinating Money, Time and Big Projects

© EJRodriquez / Adobe Stock

I. MoneyNo one ever said it’s easy to understand federal budgets and spending plans. Nevertheless, a general sense of clarity and straightforwardness is critical for any review of public expenditures. This becomes more pressing when tracking revenue and expenditures linked to specific users’ fees, such as the $0.29/gallon fuel tax, paid by inland waterways operators. In 2021, the Inland Waterways Trust Fund (IWTF) held $221.5 million, money earmarked to build, maintain and operate…

16 Mar 2023

WCI: 20 Years of Success and Still More to Come

© Craig A Walker / Adobe Stock

Waterways Council, Inc. (WCI) recently held its annual Washington, D.C. meetings that included a Capitol Hill fly-in. WCI members from across the country participated in 100 meetings with House and Senate members to advocate for the nation’s inland waterways to ensure its reliability by modernizing its infrastructure.Meeting with stalwart champions of the inland waterways as well as newly sworn in members of the 118th Congress to educate them about the system’s importance demonstrates democracy in action…

28 Feb 2023

Salvors Recover Sunken Tug in Alaska

(Photo: U.S. Coast Guard)

Salvage workers have recovered a partially submerged tugboat at the National Guard Dock in Gastineau Channel, near Juneau, Alaska.the 107-foot tugboat Tagish was secured on the beach nearby on February 19, the U.S. Coast Guard said.Melino’s Marine Services, the contracted salvage company, successfully removed the vessel with its barge and crane system.Contractors dewatered and defueled the vessel prior to dismantling it and placing the sections on a barge for final disposal out-of-state.“The cooperative efforts from federal…

10 Feb 2023

Salvors to Remove Partially Sunk Tug in Alaska

Tug vessel Tagish is partially submerged at the National Guard Dock in the vicinity of the Alaska Marine Lines yard in the Gastineau Channel, Juneau, Alaska, December 29, 2022. Coast Guard Sector Juneau crew members and contractors are responding the incident. (Photo: U.S. Coast Guard Sector Juneau)

Removal operations for a tug partially submerged at the National Guard Dock in Gastineau Channel, near Juneau, Alaska, are scheduled, weather pending, to be conducted this week and into the weekend, the U.S. Coast Guard said.Melino’s Marine Services, the contracted salvage company, plans to remove the vessel utilizing a barge and crane system that are currently enroute from Bellingham, Wash.The operation is expected to take multiple days pending weather conditions. Once the vessel is removed…

16 Dec 2022

WRDA 2022 Heads to Biden's Desk for Signature

© Kent / Adobe Stock

The Water Resources Development Act (WRDA) of 2022 on Thursday passed in the Senate by a vote of 83-11. It was included as part of the FY23 National Defense Authorization Act (NDAA). The bill, which passed in the House of Representatives on December 8, now heads to the President for his signature into law.WRDA 2022, which remains on a biennial schedule in Congress, authorizes 33 Chief’s Reports and includes a policy provision that makes permanent the 65% general revenues/35% Inland…

05 Dec 2022

Coast Guard Monitoring Oil Discharge from Scuttled Liberty Ship

A seasonal oil sheen on Aug. 29, 2022, near Destin, Fla. Coast Guard and Florida Department of Environmental Protection have been monitoring periodic oil discharge from Liberty Ship Thomas Heyward. (Photo: Joshua Ronkowski / U.S. Coast Guard)

The U.S. Coast Guard and Florida’s Department of Environmental Protection (DEP) are monitoring periodic discharges of oil from the Liberty Ship Thomas Heyward, a World War II era vessel sunk in 1977 to serve as an artificial reef approximately six miles southwest of Destin, Fla.Following Hurricane Sally in September 2020, the National Response Center (NRC) began receiving reports of pollution in the vicinity of the artificial reef. Coast Guard personnel conducted preliminary investigations…

02 Nov 2022

US Mid-term Elections Bring Changes, Uncertainty in Congressional Maritime Leadership

© chris / Adobe Stock

Regardless of whether the Republicans seize or the Democrats maintain control of the House and Senate, there is a guarantee that changes in leadership will occur in some of the key Congressional leadership positions that will impact the maritime industry. Two of the most significant Congressional committees of jurisdiction are the House Transportation and Infrastructure Committee (House T&I) and the Senate Committee on Commerce, Science, and Transportation (Senate Commerce). Both committees have jurisdiction over the U.S.

15 Aug 2022

Sunken Fishing Vessel Spilling Oil Off San Juan Island

(Photo: U.S. Coast Guard)

A commercial fishing vessel that sank Saturday near San Juan Island, Wash. is spilling oil, the U.S. Coast Guard said.All five crewmembers from the sinking Aleutian Isle were rescued by a Good Samaritan, and no injuries have been reported.The 49-foot vessel sank with approximately 2,500 gallons of diesel fuel and a combined 100 gallons of hydraulic fluid and lubricant oil aboard, according to the Coast Guard. A sheen has been observed spanning more than two miles and was reported to have entered Canadian waters as the vessel continues to release small amounts of diesel.At approximately 2 p.m.

17 Aug 2022

US Inland Waterway Infrastructure: Riding a Good News Wave

© Harold Stiver / Adobe Stock

The inland waterways have enjoyed several positive developments toward modernization of the system, particularly over the last two years.Annual appropriations that fund the U.S. Army Corps of Engineers’ Civil Works mission have been steadily on the rise for the last nine fiscal years, specifically the Construction and Operations & Maintenance (O&M) accounts have been funded at historic levels. The passage of the Infrastructure Investment and Jobs Act (IIJA) in 2021 provided a…

29 Jul 2022

100-year-old Ferry Sinks in Astoria, Ore.

(Photo: U.S. Coast Guard)

A 100-year-old, out-of-service passenger ferry Tourist No. 2 capsized in the Columbia River while moored near Astoria, Ore. on Thursday. There were no passengers on board.The U.S. Coast Guard said it is responding and that an investigation into the cause of the sinking is underway.A good Samaritan deployed a boom to contain an initial oil release and minimize potential impact to the environment, said Petty Officer 3rd Class Diolanda Caballero, 13th Coast Guard District External Affairs…

10 May 2022

Interview: Richard Balzano, Dredging Contractors of America

Richard Balzano (Photo: DCA)

Richard Balzano took over as CEO and executive director of the Dredging Contractors of America in December 2020. And while he says he’s “still fairly new to the [dredging] industry”, he certainly knows his way around the business, having held a number of prominent roles over the course of more than 30 years in the maritime and U.S government sectors. His resume is impressive. A combat veteran of both Iraq and Afghanistan, he retired from the U.S. Navy at the rank of Captain. He later served as the presidentially appointed Deputy Maritime Administrator for three years…

03 May 2022

Great Lakes Dredge & Dock's 1Q Profit, Revenue Rise

File Photo - Credit:Great Lakes Dredge & Dock Corporation

Great Lakes Dredge & Dock Corporation reported a first-quarter net income of 11.1 million in the first quarter of 2022 an increase compared to first-quarter 2021 income of $8.8 million.Revenue for the quarter was $194.3 million, an increase of $16.7 million from the first quarter of 2021. The higher revenue in the first quarter of 2022 was due to higher domestic capital and coastal protection revenue, offset partially by a decrease in revenue from maintenance dredging, rivers and lakes…

10 May 2021

Dredging: Important Developments Will Impact Business

(Photo: Georgia Ports Authority)

For dredging company officials, the first quarter of 2021 was a pretty good start to a new year. In a tough business, challenges and pitfalls are always expected. But from a bigger picture perspective—markets, regulations and policies—company officials couldn’t be faulted if a bit of optimism infused their worldview.There are a number of reasons for this. Many are well known and don’t need to be detailed here. Just quickly, though, WRDA 2020 would be at the top of the list. WRDA…

25 Aug 2021

Dredging Up Federal Funding for Inland Ports and Waterways

(Photo: Jared Eastman / U.S. Army Corps of Engineers)

All signals from Washington, D.C., indicate that Fiscal Year (FY) 2022 could be a record-breaking year for inland port and waterway investment. The successful opening of the Harbor Maintenance Trust Fund, a recording-breaking United States Army Corps of Engineers (USACE) budget request, positive improvements to the Port Infrastructure Development Program, and a possible bipartisan infrastructure deal, could result in billions of dollars in additional federal investment in inland ports and waterways.Opening the Harbor Maintenance Trust FundOn May 28…

02 May 2022

Suggestions for Making America’s Marine Highway Program More Effective

© Ed Metz / Adobe Stock

The America’s Marine Highways Program is one of several grant programs administered by the U.S. Maritime Administration (MARAD) to promote more effective use of the nation’s navigable waterways. This particular program was established by Congress in 2007 to provide grants for projects that would promote water-borne alternatives to available landside transportation services, especially for freight carried by trucks.Consistent with this specific goal, the program’s statutory authority…

20 Jul 2021

USACE Gets 'Strong Funding' for FY22 by House Committee

© efesenko/AdobeStock

Waterways Council, Inc. (WCI) applauded approval by the House Appropriations Committee (by a vote of 33 to 24) of strong funding for the U.S. Army Corps of Engineers for Fiscal Year 2022 (FY22). The Committee provided overall funding for the Corps’ Civil Works Mission for FY22 at $8.66 billion, an increase of $863 million above FY21’s appropriated level, and $1.9 billion above the President’s FY22 budget request.“WCI is pleased that the House Appropriations Committee has increased funding for the Corps of Engineers’ critical work…

20 Jan 2022

Dredging Companies Keeping a Close Eye on New Infrastructure Dollars

© itsallgood / Adobe Stock

For dredging company executives, the recently passed $550 billion federal Infrastructure Investment and Jobs Act (IIJA) sits like the proverbial Horn-o’-Plenty, ready to disgorge billions of federal dollars for maritime, port, harbor, coastal, inland waterways and flood projects, many of which will require dredging. This is a really big deal because this new money will go toward existing projects, work that’s been on the books, so to speak, but, until now, couldn’t be funded.

23 Mar 2022

WRDA 3rd Hearing: Members Promote Home Projects

© eurobanks / Adobe Stock

The House Transportation and Infrastructure Committee, Water Resources and Environment Subcommittee, held a third Water Resources and Development Act (WRDA) hearing on March 16, providing a chance for Representatives to seek local project funding.Committee Chairman Peter DeFazio (OR-4), in opening remarks, noted large recent spending increases for water projects, e.g., the new infrastructure bill and harbor trust fund policy changes in WRDA 2020. Still, he commented that even this new money cannot pay for the backlog of the Corps’ projects.