Corpus Christi Port Commissioners approved a series of agreements associated with the construction of M&G Resins, USA, LLC, project at a special meeting on June 20. M&G Group is a family-owned chemical engineering and manufacturing group headquartered in Tortona, Italy. The group's wholly-owned holding company, M&G International, is a leading producer of PET resin for packaging applications in the Americas, with production capacity in 2012 of approximately 1.6 million tons per annum.
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The Delaware River Main Shipping Channel project is now about 60 percent finished, thanks to the completion in late May of an 11-mile stretch known as "Reach D." The project, which is funded by the federal government and the Philadelphia Regional Port Authority (PRPA), will ultimately deepen 102 miles of the Delaware River shipping channel to 45 feet, benefiting marine facilities in Delaware, New Jersey and Pennsylvania.
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Terrie Battuello joins the staff of the Port of Everett as chief of business development, effective July 1. Reporting to Port Executive Director John Mohr, she will lead the development efforts of the Marina District and the Riverside Business Park. She will also work with business leaders to leverage the port's capabilities to help stimulate growth in the district.
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Port Freeport commissioners elected new officers during their regularly scheduled meeting on June 13. Immediately prior to the meeting, Bill Terry and Ravi Singhania were sworn in for new six-year terms as port commissioners. The new officers are: John Hoss, chairman; Paul Kresta, vice chairman; Shane Pirtle, secretary; and Ravi Singhania, assistant secretary.
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The Jacksonville Port Authority board on June 17 voted unanimously to offer the position of JAXPORT Chief Executive Officer to Brian W. Taylor and directed that contract negotiations open with Mr. Taylor immediately. Mr. Taylor, a long-time Horizon Lines executive, most recently was senior vice president of sales and operations for New Breed Logistics in High Point, N.C.
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The Long Beach Board of Harbor Commissioners has approved a $1.02 billion budget for fiscal year 2014 that includes the Port of Long Beach's largest-ever capital improvement spending plan. A total of $788 million in capital spending - 6.0 percent more than last year - leads the planned expenses in the budget that covers the fiscal year set to begin Oct. 1, 2013. The port's modernization program, with projects such as the Middle Harbor terminal and Gerald Desmond Bridge Replacement, boosted the overall budget by 6.6 percent. The budget also projects record operating revenue of $375 million.
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Los Angeles Mayor Antonio Villaraigosa, joined by Port of Los Angeles officials, philanthropic leaders, marine scientists, students and community members, on June 17 outlined a vision to transform City Dock No. 1, a 100-year-old pier on the Los Angeles waterfront in San Pedro, into an urban marine research and innovation center.
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During 2012, the port's terminal operators process a record 22.2 million metric tons of cargo, a more than 15 percent increase from the 2011 figure. Total revenue also increased by more than 40 percent to C$36.7 million. During the year as well, some C$200 million was invested in new infrastructure, marine terminal and expansion projects. Proposed projects announced in 2012 represent potential investments of more than C$20 billion by 2020.
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Major agreements were approved by the board of commissioners of the Tampa Port Authority (TPA) Board of Commissioners its regular meeting on June 18. The first allows four of the port's oil and gas customers to share operation, maintenance and repair of the new petroleum unloading facilities at the Port of Tampa's main petroleum terminal complex, currently undergoing major construction and modernization.
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