The Port of Long Beach has reached a tentative agreement on a 40-year, $4.6 billion lease with Orient Overseas Container Line (OOCL) for the Middle Harbor property, in what would be the largest deal of its kind for any U.S. seaport, Port of Long Beach Executive Director J. Christopher Lytle announced Thursday. The lease has [...]
State-owned China Harbor Engineering Co (CHEC), one of China’s top port builders, sealed new contracts worth $5.2 billion last year, … (chinadaily) Source: chinadaily, January 10, 2012; Image: chec
River-city Wuhan in Central China recently worked out a plan according to which the city will spend US$8.33 billion on port development in the 12th National Five-year Plan period from 2011 to 2015. Over the long term Wuhan plans to invest US$13.53 billion on port development and eventually raise its container capacity to 150 million [...]
In pursuing efforts to modernize its port network, Peru plans to invest $3bn in the upcoming five years. Half of the investment will be provided by the private sector and the other half from the state through public-private partnerships. Ranked 106th out of 142 countries in the world in terms of port, this investment will [...]
The Port of Charleston has announced that it will be making a large investment over the next ten years to become a true post-panamax harbour… (portstrategy) Source: portstrategy, November 8, 2011;
The Army Corps of Engineers says it desperately needs about $1 billion to repair the damage from this year’s catastrophic flooding in the M… By Randy Leonard (fresnobee) Source: fresnobee, October 28, 2011;
US ports are demanding access to a $6 billion fund collected from the controversial Harbour Maintenance Tax (HMT). The ports want to use the money for critical infrastructure improvements, mainly dredging of harbour channels to authorised depths and widths – the original intention of the fund. But despite a large surplus in the the [...]
Setting up a battle with the GOP-controlled House, Senate Democrats on Thursday muscled through a $7 billion bill to replenish nearly empty… By ANDREW TAYLOR, AP Source: news, September 16, 2011; Image: Picasa, October 3, 2009
According to a press release issued by the Office of United States Senator Mary L. Landrieu, D-La., the Senator secured more than $1.26 … More info: bayoubuzz Source: bayoubuzz, September 8, 2011;
Dredging that the Navy says is needed to allow a $1 billion warship to safely transit the Kennebec River is under way, allowing the Navy to… (seacoastonline) Source: seacoastonline, August 8, 2011
