US Ports Dredging FY2014: Record Grant Recommended

SeaDiscovery.com
Sunday, June 30, 2013

Following on the heels of House Committee's recommendation, U.S. Senate Subcommittee recommends record US$1-billion for FY2014 maintenance dredging.

The U.S. Senate Appropriations Committee’s Subcommittee on Energy and Water Development completed its mark up of the fiscal 2014 appropriation bill for the U.S. Department of Energy and U.S. Army Corps of Engineers, which includes a record $1 billion draw from the Harbor Maintenance Trust Fund for maintaining America’s federal navigation channels and related infrastructure.

"The American Association of Port Authorities (AAPA) congratulates (Energy and Water Development Appropriations Subcommittee) Chairman Diane Feinstein and the entire subcommittee for recognizing the importance of keeping America’s federal navigation channels accessible for the crucial movement of ocean-going freight and passenger vessels,” said Susan Monteverde, AAPA’s government relations vice president.

“While AAPA continues to advocate for full utilization of Harbor Maintenance Tax (HMT) collections, which brings in about $1.6 billion in revenue annually, this is an important step towards full use of those revenues, particularly in these constrained fiscal times.”

The $1 billion amount for navigation maintenance dredging is equal to the recommendation approved on June 18 by the House Energy and Water Appropriations Subcommittee and is consistent with the fiscal 2014 amount identified in the Senate’s Water Resources Development Act (WRDA) legislation.  It is $110 million more than the Obama Administration recommended in its fiscal 2014 budget request.

“The appropriators’ action today is the first step in getting us to full use of the HMT as outlined in the Senate WRDA bill.  The Senate’s bill is slated to achieve full use by 2020,” said Ms. Monteverde.



 

Maritime Today


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

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

Contracts

Diana Charters Out Two Bulkers

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Bunge S.A., Geneva, for one of its Panamax dry bulk vessels,

Haven Marine Signs Service Contract with Svitzer

Haven Marine Services informs it has signed a five year contract with Svitzer which will see the yard service the requirements of Svitzer’s vessels within the Bristol Channel and Irish Sea areas.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Ports

Long Beach Port Maintains Strong Bond Rating

Fitch Ratings, one of the top three U.S. credit analysis agencies, has affirmed the Port of Long Beach’s “AA” rating on its outstanding debt. Fitch stated the AA rating — its highest for U.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

Gender Identity Spat Sinks Spending Bill

The rancorous political debate over sexual identity unexpectedly prompted the Republican-controlled House of Representatives to rejected an energy and water spending

Finance

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

Higher Capesize Demand Pushes up Baltic Index

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Government Update

Details El Faro's Sinking Emerge from US Probe

U.S. investigators on Friday concluded two weeks of hearings into the sinking of cargo ship El Faro in a hurricane last fall that included reports the vessel had

Defense Appropriations Bill Includes $1 Bln for US Icebreaker

The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority 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: 0.1006 sec (10 req/sec)