The U.S. Army Corps of Engineers (USACE) on Wednesday submitted to Congress it's awaited "U.S. Port and Inland Waterways Modernization" report as the U.S. prepares for an increase in post-panamax vessels. "Preparing for Post-Panamax Vessels", as the report is titled", set out to identify capacity maintenance and expansion issues associated with the deployment of post-Panamax … [Read more...]
S&P: As Maritime Shipping Fleets Age, US Companies Will Face Greater Challenges
(Dow Jones) Already burdened with eroding credit quality, many U.S. shipping companies will face greater challenges in the near future as their older fleets continue to age, Standard & Poor's said. "The U.S. domestic fleet likely will contract over the next three to five years as vessels retire faster than owners can replace them," said S&P analyst Funmi Afonja. … [Read more...]
Entrepreneur Envisions Marine Highway [COLUMN]
This column is brought to us by Al's Emporium, written by Dow Jones Newswires columnist Al Lewis, offers commentary and analysis on a wide range of business subjects through an unconventional perspective. By Al Lewis Every so often, an entrepreneur comes along with an idea so obvious that its adoption is only a matter of time. But first, the rest of humanity must scoff at … [Read more...]
MARAD Report: Vessel calls at U.S. ports up in 2010
A report released recently from the U.S. Maritime Administration shows more ships are stopping at U.S. ports. The stops, or vessel calls, rebounded by 13 percent in 2010, after an eight percent decline in 2009. Oceangoing vessel calls reflect waterborne trade between the United States and countries around the world, and are a measure of import, export and domestic ocean … [Read more...]
Secretary LaHood Argues Case of Better Transportation Use of America’s Coasts, Waterways
Sends Report to Congress on America's ‘Marine Highways' WASHINGTON – U.S. Transportation Secretary Ray LaHood has released a report which will serve as a roadmap to the future in creating and further strengthening the nation's marine highways. Prepared by the U.S. Department of Transportation's Maritime Administration, the report, America's Marine Highways, … [Read more...]