THE Alliance Sets $50 Mln Insolvency Contingency Fund
Remarks from Federal Maritime Commissioner William P. Doyle at the FTR Transportation Conference 2017, Indianapolis, Ind. On September 13, 2017, I voted to expedite the Commission’s decision and support THE Alliance’s amendment authorizing creation of a contingency trust fund designed to protect customers’ cargo and the ocean transportation chain should one of THE Alliance’s carriers experience financial distress or an insolvency event.
American Pride: Working Hard in the US Dredging Industry
We have had a great first couple of months at the Dredging Contractors of America. As the new CEO and Executive Director, I have begun to visit the companies, their facilities and associated dredging projects. So far, I have surveyed the beach re-nourishment project in Ocean City, Md. undertaken by Great Lakes Dredge and Dock. I’ve canvassed Weeks Marine’s repair and yard facility in Jersey City, N.J.
Op/Ed: The Mississippi River is Boiling!
U.S.-Flag dredgers answer the call in the Mississippi River Basin.Major flooding this winter in the Mississippi River Basin has created significant increased shoaling in the Southwest Pass Channel of the Mississippi River. Shoaling is generally described as the river containing elevated levels of sand and sediment resulting in high water levels and river swelling. The Southwest Pass, spanning the lower end of the Mississippi River (Baton Rouge…