Port of Cleveland OKs New Investments

The Board of Directors for the Cleveland-Cuyahoga County Port Authority met this week and approved a series of critical investments ($7.9 million, funded fully through grants and forgivable loans) in its docks and maritime capacity that will better position the Port with shippers and operate in a more green, efficient manner.

Business at the Port is as strong as we have seen in many years, and we expect it to keep growing,” said Will Friedman, Port President and CEO. He noted that the Port of Cleveland’s uptick is part of an industry-wide trend.

An economic impact study released also this week and commissioned by the American Association of Port Authorities found that US Port’s are booming, producing a total economic value of $4.6 trillion in 2014, an increase of 43% since 2007.

With the increase in business, the Port is focused on making targeted improvements to its maritime operations.

Also approved at the meeting was the acceptance of a forgivable $3 million State of Ohio Logistics and Distribution Stimulus Loan (LDS).

 

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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