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 Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Nansha Factory Cuts First Steel for Tanker Newbuilds

Construction begins on two 113,000 DWT product/crude oil tankers in Nansha Factory   A steel cutting ceremony was held at the Nansha Factory December 1 for the

Nicaragua Canal Developer Plans IPO

The Hong Kong-based company with a concession to build a $50 billion shipping canal in Nicaragua said on Tuesday it is preparing to launch an initial public offering.

Mitsubishi Considers Splitting Off Shipbuilding Arm

Japan's Mitsubishi Heavy Industries Ltd (MHI) said on Wednesday it was considering a range of options for its shipbuilding business, including splitting it off into a separate company.

Ports

Atlantic Rolling Gate Installed at Panama Canal

The Panama Canal Expansion Program’s electro-mechanical installation phase has begun with the installation of the first steel rolling gate at the Atlantic side.

Long Beach Advances Congestion Relief Measures

Harbor Commission approves new steps to improve cargo flow   Taking aim at the bottleneck that has slowed cargo movement through the port recently, the Long Beach

Dredging Underway at Hong Kong Typhoon Shelter

Dredging operations will be performed at New Yau Ma Tei Typhoon Shelter with immediate effect and for a period of approximately six months, according to the Government

Finance

Rosneft Hikes Stake in NOC

Rosneft and Lukoil signed a package of legally binding documents regarding Rosneft’s acquisition of 20% share in the National Oil Consortium LLC (NOC). Due to

Baltic Index Slips with Falling Panamax Rates, Capesize Revives

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell further on Wednesday, dragged down by decreasing panamax rates.

Glycerin Powers into the Propulsion Picture

Maine Maritime Academy Receives a $1.4 Million U.S. DOT Research Grant to Develop a Marine Engine Testing and Emissions Laboratory. The Marine Engine Testing and

Dredging

Dredging Underway at Hong Kong Typhoon Shelter

Dredging operations will be performed at New Yau Ma Tei Typhoon Shelter with immediate effect and for a period of approximately six months, according to the Government

Damen Builds Tug, Dredger for Nicaragua

The Nicaraguan port authority Empresa Portuaria Nacional (EPN) is set to take delivery of two newbuilds from Damen Shipyards Group. Damen built both vessels, a

Even 'Small' Vessels are Getting Bigger

The Shipowners’ Club is a mutual provider of P&I insurance that has throughout its 160 year history been dedicated to serving owners of small and specialist ships.

Government Update

"Iron Nickel's" Last Voyage

USS Peleliu (LHA 5) returned to Naval Base San Diego Dec. 24 from a six-month deployment to the Western Pacific. Upon return, the ship will make preparations

Nicaragua Canal Developer Plans IPO

The Hong Kong-based company with a concession to build a $50 billion shipping canal in Nicaragua said on Tuesday it is preparing to launch an initial public offering.

Pipeline Spills into Black Sea From Russian Source

A leak on a major Russian oil pipeline caused a spill in the Black Sea near the port of Tuapse on Wednesday where officials said stormy weather was hampering efforts

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Port Authority Salvage Ship Electronics Ship Simulators Sonar Winch
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: 0.1570 sec (6 req/sec)