AAPA Seaports Advisory
August 7, 2018
Last Thursday, AAPA and PhilaPort hosted more than 25 maritime executives, supply chain experts, policymakers and media to discuss the state of our nation’s freight transportation infrastructure. The discussion touched on many challenges and barriers to the efficient movement of goods across our ports ranging from funding, permitting, dredging, security and regional planning. Thanks to PhilaPort for hosting us and for an amazing "hands on" tour of the port.
AAPA’s port outreach continued this past week with visits to the South Jersey Port Corporation and to the Port of Wilmington. Thanks to both ports for hosting AAPA staff. We value our relationships with our members, enjoy meeting their employees in person and learning more about the exciting things happening at our ports. We would love to visit you too the next time we are on the road. Contact Mary Beth Long for more information.
The Port of Galveston announced strong results for the month of June 2018. Total vessel calls for the month increased approximately 18% year-over-year compared to June 2017 and improved 28% year-to-date over last year. Port Houston moved 1.3 million container TEUs through the first six months of 2018, a 6% increase from 2017. The Port of New York and New Jersey announced that cargo volumes set a new record for the first half of 2018, with volumes up 6.8% over the same period in 2017, when the previous six-month record was established.
The Port of Los Angeles Waterfront Commercial Development Group has released a prospectus on a commercial development opportunity at Cabrillo Way Marina on the LA Waterfront in San Pedro. Port of Vancouver USA and its partners have dedicated a $251 million rail project that will bring congestion relief and efficiency to port and regional businesses as well as rail users and communities across the Western U.S.
The Port of Long Beach has begun the third and final phase of the Middle Harbor Terminal Redevelopment Project and is on track to be completed on time and on budget. When finished, the facility operated by Long Beach Container Terminal (LBCT) will be a 311-acre modern marvel equipped with the most advanced technologies in North America and the cleanest available cargo handling equipment. The Port of Nanaimo and Western Canada Marine Response Corporation (WCMRC) are moving forward with their new on-water oil spill response base in Nanaimo. WCMRC and the Port of Nanaimo (PON) signed a 25-year lease agreement this week for nearly 130,000 square feet of land and waterlot areas all fronting Nanaimo Harbour. The Port of San Diego and the San Diego Port Tenants Association held a special event to celebrate the deployment of new sustainable-freight vehicles deployed by Dole Fresh Fruit at the port’s cargo terminal.
Canaveral Port Authority has been rated ‘A2 Stable’ in its annual Credit Opinion by Moody’s Investors Service. The Moody’s bond rating opinion acknowledges the port’s healthy financial metrics, established competitive position as a cruise port and revenue diversity from cargo operations.
Green Marine
Klein Marine Systems, Inc.