U.S. Chief of Naval Operations Visits New Zealand
Chief of Naval Operations (CNO) Adm. John Richardson visited New Zealand, Nov. 2 and 3, to meet with New Zealand naval leadership to discuss deepening the U.S.-New Zealand naval partnership and recognize New Zealand’s role as a leader in regional security. During the visit, Richardson met with his counterpart, Rear Adm. John Martin, Chief of the Royal New Zealand Navy (RNZN) to discuss opportunities to increase interoperability through more combined operations and personnel exchanges.“We are two very like nations,” said Richardson. “We share the same values. We are two maritime nations. Our navies operate together, and we’re two nations that are dedicated to a free and open Indo-Pacific region that allows for the prosperity of everybody.”Richardson presented a U.S.
US Ports Boost Economic Impacts
Since last nationwide analysis in 2007, U.S. Lancaster, Pa.-based Martin Associates, a provider of economic and strategic assessments of the world’s transportation systems, released the results of its latest economic impact study of United States seaports. Dr. John Martin, Martin Associates’ president, debuted his firm’s 2014 National Economic Impact of the U.S. Coastal Port System report during the second day of the American Association of Port Authorities’ (AAPA) 2015 Spring Conference in Washington, D.C.
U.S. Ports Account for 26% of Nation’s Economy
From 2007 to 2014, the total economic value that U.S. coastal ports provide in terms of revenue to businesses, personal income and economic output by exporters and importers rose 43 percent to $4.6 trillion. This accounted for 26 percent of the nation's $17.4 trillion economy in 2014, up from 20 percent of its $16.1 trillion economy in 2007, says a study titled, '2014 National Economic Impact of the U.S. Coastal Port System', released by Martin Associates for the American Association of Port Authorities' (AAPA). In the seven years since Martin Associates' last nationwide ports economic impact study, the contributions of America's seaports to the nation's economy have risen dramatically.
Western Port Industry Leaders to Meet
Port authority CEOs and senior staff from throughout the Western Hemisphere, along with maritime industry leaders, influencers and policymakers are expected to converge on Washington, D.C., April 20-21, to attend the 2015 Spring Conference of the American Association of Port Authorities (AAPA) – the collective and recognized voice of seaports in the Americas. The annual event will feature discussions on the energy industry, cybersecurity, port cooperation, economic impacts, infrastructure funding…
AAPA ‘Trade Routes’ Workshop to Address Trade Trends
The assumption that trade conditions and infrastructure will drive future transportation changes will be the overriding theme at the sixth annual American Association of Port Authorities’ (AAPA) “Shifting International Trade Routes” workshop in Tampa, Fla., Jan. 24-25, 2013. The 1½-day program, which is being cosponsored by the U.S. Maritime Administration and hosted by the Tampa Port Authority, will address the range of issues related to dynamic, global and hemispheric trade.
Shipping Boosts Indiana Lakeshore Economy by $14B
A new study released by the Ports of Indiana reports that waterborne shipping along Indiana’s Lake Michigan shoreline contributes $14b per year in economic activity to the state economy and more than 104,000 jobs. The study was conducted by Martin Associates, one of the foremost maritime economic consulting firms in the country, and was peer reviewed by economics professors from Indiana University, University of Notre Dame and Purdue University. The study focused on 2008 and 2009 data, which reflected a significant economic downturn, suggesting that the results are conservative estimates for average annual impacts. • $567m of state and local tax revenue.
Commodore Holdings Files For Bankruptcy
Florida cruise company Commodore Holdings Ltd. is the latest cruise company to succumb to the crunch from a financial crisis, as it filed for Chapter 11 bankruptcy reorganization in late December and immediately was forced to suspend operation of its three ships. The Hollywood, Fla.-based company said it was unable to negotiate an agreement with its mortgage lenders in time to avoid canceling cruises aboard its ships the Enchanted Capri and the Enchanted Isle which sail out of New Orleans and the Crown Dynasty which sails out of Aruba. "We deeply regret having to take this action, but we had no other choice," Commodore CEO Fred Mayer said in a news release.
Cloud X Discontinues Operations
The Cloud X, a 365-passenger fast ferry that has been operating between Port of Palm Beach and the Bahamas since August 2005, will discontinue operations at the end of May, the vessel’s owner said today. “Rising fuel costs and disruption of travel priorities caused by four hurricanes are among factors beyond our control that contributed to this decision,” said John Martin, owner of the vessel, which was operated by Party Line Cruise Co. “While we had hoped to overcome these challenges, and even though passenger levels have been slowly increasing, we recognized that we could not feasibly sustain operations under present circumstances,” Martin added.
Port of Houston Delivers Strong Economic Indicators
million in state and local taxes, according to statistics calculated by Martin Associates, the consulting firm in Lancaster, PA that has conducted economic impact studies for 120 ports in the U.S. and Canada. to 28,716,793 short tons in 2000, according to the PHA. from 9,751,876 short tons in 2000. facilities around the world. capacity," stated James T. board of commissioners. added. along the Port of Houston. private marine terminals located along the Houston Ship Channel. A total of 287,454 jobs in Texas were some way related to the movement of cargo through the Port. The total consisted of but was not limited to 89,710 direct jobs - both at the Port's terminals and those induced as a result of purchases by individuals holding Port terminal jobs…
