Nigeria Secures $600 Million Maersk Port Infrastructure Investment
Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday.The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum meeting in Saudi Arabia."We believe in Nigeria, and we will invest $600 million in existing facilities and make the ports accommodating for bigger ships," the Nigerian presidency quoted Uggla as saying during the meeting.Nigeria has promised to revamp its ports…
Op/Ed: Federal Support for Ports is Critical
Florida’s seaports are one of the state’s greatest economic assets, positively affecting every region and every resident. Our seaports have a $117.6 billion economic impact across Florida and account for more than 900,000 direct and indirect jobs, while linking our communities to vital national and international markets.During the COVID-19 crisis, ports across the country have sustained mounting losses. Ports that specialize in moving hard-hit cargoes like steel and automobiles, or depend on tourism and cruise ships are also particularly vulnerable.
UAE Joins ICS
UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah, Dubai, UAE, will provide a framework for closer collaboration between the two associations. The event is a part of the UAE Maritime Week taking place under the patronage of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai.The MOU outlines the roles that UAESA and ICS will have to represent shipowners and operators in all shipping sectors and trades across the global and regional organizations…
AAPA Supports Newly-Introduced BRIDGE Act
Following introduction yesterday of the Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act by Senators Mark Warner (D-Va.) and Roy Blunt (R-Mo.), American Association of Port Authorities (AAPA) President and CEO Kurt Nagle commended the senators’ commitment to improving America’s infrastructure, saying initiatives like the BRIDGE Act are vital to strengthening America’s economy and international competitiveness. “This legislation is a positive step toward increasing investment in our nation’s critical infrastructure…
Florida Gov. to Address Port Infrastructure Investments
Florida Governor Rick Scott will serve as the keynote speaker on Wednesday, Oct. 16, at the American Association of Port Authority’s (AAPA) 102nd Annual Convention and Expo in Orlando, Fla., hosted by the Canaveral Port Authority. He will discuss the importance of investing in ports and port-related infrastructure during a luncheon presentation at the AAPA convention. Gov. Scott is a strong proponent for ports, particularly Florida’s 14 deepwater seaports. In his 2013 State of the State address in March…
AAPA Commends U.S. T&I Committee for Advancing Water Resources Legislation
Following an announcement today by the U.S. House of Representatives’ Committee on Transportation and Infrastructure and the Subcommittee on Water Resources and Environment, American Association of Port Authorities (AAPA) President and CEO Kurt Nagle lauded the leaders of these committees for championing legislation that moves the nation closer to a final water resources bill to spur vitally needed maintenance and improvements in America’s seaport-related infrastructure and waterways.
AAPA Commends Senate Passage of WRDA Bill
The American Association of Port Authorities (AAPA) lauded Sens. Barbara Boxer (D-Calif.) and David Vitter (R-La.), chairman and ranking member, respectively, of the Senate Committee on Environment and Public Works, for their leadership in advancing S. 601, the Water Resources Development Act of 2013 (WRDA), through the Senate. The legislation was passed by a vote of 83-14. “AAPA commends Senators Boxer and Vitter on their leadership in advancing this legislation to spur vitally needed maintenance and improvements in America’s seaport related infrastructure and waterways…
Cargotec in Cooperation with Russian Port
Cargotec has signed an agreement of strategic cooperation with Rosmorport that coordinates Russian marine transport infrastructure development. The cooperation with Rosmorport improves Cargotec's possibilities for a high level dialogue about Russian marine transport infrastructure development and enables involvement in the information flow for regulation in Eurasian ports. "Rosmorport cooperation is a high-level leverage for participating in ports' infrastructure development. This cooperation will also increase our opportunities to present our know-how in Russia," says Mikael Mäkinen, Cargotec's President and CEO. "We are delighted to start this strategic cooperation with a leading and global company like Cargotec that has decades of firsthand knowledge of marine transport solutions.
New Legislation will Affect Maritime Community
The Associate Under Secretary for Maritime & Land Security, Transportation Security Administration, will announce new legislation affecting the maritime community at IIR's forthcoming "Seaport Security" conference to be held on June 10-12, 2002 in New Jersey. In the keynote address, Rear Admiral Bennis will outline major changes to the responsibilities of The Coast Guard, US Customs, port authorities, terminal operators and federal, state and local law enforcement, designed to ensure the security of the seaport infrastructure from terrorist attack. The changes are expected to impact operation of the entire transportation chain. Rear Admiral Bennis, now retired from the US Coast Guard, is no stranger to the impact of terrorist attack on the homeland.
