U.S. House Subcommittee Recommends $1 Billion for 2013 Dredging

Press Release
Thursday, April 19, 2012
Kurt Nagle (Photo: AAPA).

The U.S. House Energy & Water Appropriations Subcommittee, chaired by Representative Rodney Frelinghuysen (R-N.J.), today approved its fiscal 2013 funding bill for the U.S. Army Corps of Engineers, including a $1 billion draw from the Harbor Maintenance Trust Fund for maintaining America’s deep-draft navigation channels and harbors. This would be the largest regular annual appropriation for navigation maintenance.

“While still less than the need for full use of the Harbor Maintenance Tax (HMT), this funding level marks a significant achievement in AAPA’s longstanding efforts to ensure that the HMT is fully utilized to maintain our nation’s federal navigation channels at their authorized, and required, dimensions,” said AAPA President and CEO Kurt Nagle. “We appreciate the efforts of Chairman Frelinghuysen and the subcommittee for recognizing this important national priority and increasing the funding level for maintenance dredging.”
The annual revenue collected from the HMT is approximately $1.5 billion.

In recent letters to both the House and Senate budget committees, AAPA urged Congress to utilize 100 percent of the Harbor Maintenance Tax for its intended purposes, rather than allowing the money to build up in the already bloated Harbor Maintenance Trust Fund, which is estimated will contain nearly $7 billion by the end of fiscal 2013.

AAPA’s Nagle also submitted testimony to the House Energy and Water Appropriations Subcommittee in March urging full utilization of the annual tax collection. 

Last fall, AAPA Chairman of the Board Jerry Bridges, who serves as executive director of the Virginia Port Authority in Norfolk, testified before the House Transportation & Infrastructure Water Resources and the Environment Subcommittee about the importance of maintaining federal channels to prepare for 21st century trade realities. In that testimony, he stated the federal government has a unique Constitutional responsibility to maintain and improve the infrastructure which enables the flow of commerce. He went on to say that much of the infrastructure in and around our nation’s seaports has long been neglected, affecting ports’ ability to move cargo, which hurts U.S. businesses, workers and the national economy.
 

 


Finance

SUNY Maritime Among 'Best Bang for the Buck' Colleges

SUNY Maritime College has been named one of the best colleges for its price by Washington Monthly.   SUNY Maritime placed in the top 30 schools in the Northeast.

Meyer Turku Continues Shipyard Investments

Meyer Turku shipyard  has further enlarged it’s investment package with a new 75 million euro steel storage and pretreatment facility. This is already a third large

Carriers have Withdrawn Extremely Low Spot Market Freight Rates - Drewry

Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes except intra-Asia, swung back in July by 13% to reach $1,403 per 40ft box.

Government Update

White House: Iranian Ships' Actions in Gulf Increase Risk of Miscalculation

Actions by Iranian vessels in several encounters with U.S. warships in the Gulf this week are cause for concern and increase risks of miscalculation, the White House said on Friday.

Cochin Port Gets a Little 'Breathing Space'

The Cabinet Committee on Economic Affairs of India, chaired by the Prime Minister Narendra Modi, has given its approval for waiver of penal interest on Government

Iran Vessels Make 'High Speed Intercept' of US Ship

Four of Iran's Islamic Revolutionary Guard Corps (IRGC) vessels "harassed" a U.S. warship on Tuesday near the Strait of Hormuz, a U.S. defense official said, amid

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Ship Repair Ship Simulators
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: 0.0919 sec (11 req/sec)