WCI Reacts to President's Budget Proposal

Press Release
Sunday, April 14, 2013

The US Waterways Council Inc. (WCI) has mixed feelings about the impact on their sector of President Obama's FY 2014 budget proposals.

WCI's initial views were as follows:

  • This budget is steady-state with the overall funding level essentially the continuation of the post-sequester level for the U.S. Army Corps of Engineers’ Civil Works Program at $4.726 billion for FY ’14.
  • While details are still unknown according to Assistant Secretary of the Army for Civil Works Jo-Ellen Darcy, the Administration’s per-vessel user fee proposal remains unwelcome by industry.
  • The proposed level of funding for the Corps’ Operations & Maintenance (O&M) -- $2.588 billion, is encouraging, but the funding level for its Construction account ($135 billion is very disappointing.
  • WCI is pleased with the $75 million for drought-related activity on the Middle Mississippi River, especially the $35 million allocated for Phases 2 and 3 of the rock pinnacle removal.
  • The majority of funds appropriated for navigation projects are going toward the Olmsted project ($163 million), with $2 million for the Lower Mon Project and $10.4 million to complete Lockport.

 “This budget request is not unexpected in the age of sequester and belt-tightening.  The Administration’s per-vessel user fee proposal appears to be out of touch with the appropriate level of investment from the industry that is being advocated in the RIVER Act in the Senate and WAVE 4 in the House for an increase of between 30-45% in the diesel fuel user fee the industry pays into the Inland Waterways Trust Fund,” said Michael J. Toohey, President/CEO, WCI.  “The industry and its many stakeholders in labor, manufacturing, agriculture, conservation and towing operations continue to urge inclusion of the Capital Development Plan-initiated user fee proposal in a WRDA bill as it moves through Congress,” he continued.
 
Waterways Council, Inc. is the national public policy organization advocating for a modern and well-maintained national system of ports and inland waterways.

 

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

Legal

Bill Proposed to Repay WWII Merchant Mariners

Congresswoman Janice Hahn (Calif.) and Congressman John Duncan Jr. (Tenn.) introduced the “Honoring Our WWII Merchant Mariners Act of 2015,” which would provide

Shell: UK Should Reduce North Sea Oil Tax

The British government should review a supplementary tax charge on North Sea oil producers as it has made the operation of some fields unrealistic, Shell Chief

China Watching Greece After Port Sale Shelved

China is closely monitoring the policies of the new Greek government after Athens said this week it will stop the sale of a majority stake in Greece's biggest port,

Navigation

Navigational Charts App Debuts at Ocean Business

An independent consultancy and software development company will launch a new web and PC based navigational charting app at Ocean Business 2015.   Norcom Technology

Australian Tall Ship Rounds Cape Horn

The Royal Australian Navy operated Sail Training Ship Young Endeavour rounded Cape Horn on Australia Day, 36 days into a 12-month circumnavigation of the world.

Fender Repairs Works for Dolphins at Hong Kong

For approximately four months, fender repairing and replacement works for five of the dolphins will be carried out in the To Kwa Wan Typhoon Shelter. The

Finance

Matson Announces Quarterly Dividend

Matson, Inc. declared a first quarter dividend of $0.17 per common share, the company’s board of directors announced. The dividend will be paid on March 5, 2015

Kirby Reports Record Earnings

Kirby Corporation announced record net earnings of $68.1 million, or $1.19 per share, for the fourth quarter 2014 (ended December 31). The results bested 2013’s fourth quarter figures of $64.

Baltic Sea Freight Index Falls to Lowest Level Since 1986

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, spiralled downwards to its lowest level in nearly three

Great Lakes

USACE Barges, Tugs Up for Repair

The United States Army Corps of Engineers (USACE) Buffalo District has awarded a repair contract to Great Lakes Shipyard for two tugs and two barges from the Corps’ Cleveland Field Station.

Revisions Proposed for Seaway Practices and Procedures

Under agreement with the U.S. Saint Lawrence Seaway Development Corporation, The St. Lawrence Seaway Management Corporation is proposing to amend the joint Practices

Great Lakes Coal Falls Short in 2014

Despite a nearly 1-million ton increase in coal shipments on the Great Lakes in December, the surge was not enough to enable the trade to outperform 2013, the Lake Carriers’ Association (LCA) said,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1360 sec (7 req/sec)