2013 DOT Year in Review: MARAD Sounds Off

posted by Joseph Keefe
Monday, January 06, 2014
Chip Jaenichen, Acting Administrator of the Maritime Administration.

The U.S. Maritime Administrator weighs in on 2013 and the road ahead ...

 

Here at the Maritime Administration (MARAD), we continue working tirelessly to improve our marine transportation system with innovative projects across the country.  As our economy rebuilds and jobs are created, we are reminded just how much the maritime industry has contributed to these growing numbers and more importantly. . . Why Maritime Matters!

It has long been a vision in our industry to move more freight on our rivers, Great Lakes, and waterways, as well as through American river, lake, and sea ports.  This year it became reality when one of the first major marine highway services began on the West Sacramento-Stockton-Oakland “Green Trade Corridor.”  This flagship project takes freight off the congested Interstate 580 and moves it on the San Joaquin River. It is expected to remove 180,000 trucks from the highways and save more than 7 million gallons of fuel annually.  What’s more, it’s helping to move more U.S. exports to Asia, a key market essential in the expansion of our nation’s trade and commerce.

Continued growth in America’s exports coupled with the widening of the Panama Canal requires the maritime industry and shippers to prepare for the most significant change in global trading patterns in the last century.

The wider and deeper locks that open in 2015 on the Panama Canal will create new opportunities and jobs across the country as transportation officials and port authorities prepare for larger vessels to call at Gulf and East Coast ports.  Phase I  of MARAD’s comprehensive, multi-phase Panama Canal study was released earlier this year and will help inform stakeholders on current and future infrastructure investments.

The Obama Administration clearly understands the importance of U.S. ports as the gateways to the national freight network and has already invested more in port infrastructure than any previous Administration.  Additionally, more than $150 million has been invested in America's shipyards, which support over 402,000 jobs and produce $36 billion in annual GDP.

The continued expansion of our maritime industry is critical to our competiveness in the global market. That is one of the primary reasons why we're hosting the first ever National Maritime Strategy Symposium.  This meeting will gather stakeholders industry-wide to help develop the foundation for a robust national maritime strategy.  It is critical that we strengthen America’s maritime industry, with a focus on building the foundation for a 21st Century economy that will carry us far into the future.

Chip Jaenichen is Acting Administrator of the Maritime Administration.
 

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

Shipbuilding

James Troop Supplies Engines for 3 Naval Vessels

Liverpool City Region (UK) based ship engine specialist James Troop & Co has won an order to supply Volvo Penta diesel engines for three European naval vessels being built on Merseyside.

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

Six New VLCCs Marks the Start of a Busy Delivery Year

2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO.

Ports

Owner Fined for 'Dangerously Unsafe' Vessel

The owner of a harbor tanker has been fined £3,000 with more than £7,000 costs after pleading guilty to a charge of operating a vessel for being dangerously unsafe.

N.America's First LNG Marine Fuel Terminal Opens

Harvey Gulf announced the opening of the first marine LNG fueling terminal in North America. Less than a year after the delivery of the M/V Harvey Energy, America’s first LNG-powered vessel,

Nautilus, Metro Move to New HQ in Long Beach

After more than 92 years of operating from various locations in Wilmington, Calif., Nautilus International Holding Corp., along with its subsidiaries Metro Ports,

Finance

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter

Shipping Corporation Q3 Profit Surges

The Shipping Corporation of India (SCI) declared its unaudited financial results for the quarter ended 31st December 2015 posting a net profit of Rs. 59.66 crores as against a net profit of Rs.

Government Update

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

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

Logistics

Baltic Index Rises for First Time in 2016

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the first time this year on Friday, helped by higher rates for panamax vessels.

Philippines Mulls Bilateral Sea Talks with China

The Philippines may consider two-way talks with China to resolve a territorial dispute in the South China Sea but only if it wins its case with Beijing at an arbitration tribunal in The Hague,

Adani Ports Income Up by 15%

Adani Ports and Special Economic Zone Limited (“APSEZ”), India’s largest port developer and part of Adani Group, today announced the financial results for the quarter

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Pipelines Pod Propulsion Salvage 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: 0.1065 sec (9 req/sec)