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Rear Admiral Mark Buzby, USN, Ret. Sworn In as Maritime Administrator

StartFragment WASHINGTON –Secretary Elaine L. Chao has sworn in Rear Adm. Mark H. Buzby, USN, Ret. as the Administrator of the Maritime Administration. Prior to his appointment, Admiral Buzby served as president of the National Defense Transportation Association (NDTA), a global association of transportation and logistics professionals. “Our maritime industry is facing unprecedented challenges in our increasingly globalized world,” said Secretary Elaine L. Chao. “Administrato

American Waterways Operators Releases Report Detailing Benefits of Barge Industry

The modern-day United States can trace its economic strength and resiliency to the maritime industry, built on a foundation of waterways, canals, locks and barges. The industry remains vital to America’s economy, and is still growing in its impact. The American Waterways Operators recently released a study documenting the contribution of the American tugboat, towboat and barge industry to the U.S. economy. Developed through a cooperative agreement between AWO and MARAD, and c

Big ship chronicles: How overcapacity disrupted the industry

Ocean cargo carriers are anxious for change. A series of market trends over the past decade have led to a historic trough for many companies. Since 2015, the world’s most prominent carriers have suffered from depressed freight rates, industry-wide overcapacity and two years of declining profits. It’s not because of a lack of demand, however. Quite the contrary, the need for ocean transport is growing alongside world trade, sluggish, but still on the upswing. Globalization is

As Philadelphia's port expands, the surrounding road network braces for its impacts

Along the concrete shores of the Delaware River, the gray steel hull of the 120,000-ton ship named the Rothorn towers above the wharf. More than three stories tall, the container ship is filled with bulky 40-foot boxes of goods and material that have been shipped from across the globe to the Port of Philadelphia (or, as it prefers to be known, PhilaPort). From here, the containers will be placed on trucks and on trains, and head out toward distribution centers and rail yards

Decaying infrastructure taking a toll on America

America's infrastructure is in a state of crisis. Roads and train lines are old, dangerous and cost the country billions of dollars in economic growth. Trump wants to repair damages but he is at the mercy of investors. The summer of hell began for New Yorkers last Monday. Beginning at four o'clock in the afternoon people hurried home from work, clogging midtown Manhattan's Pennsylvania Station. Over 600,000 people trek to Manhattan daily from faraway places like New Jersey an

Senator Introduces Bill to Remove Restrictions on LNG Exports

US Senator Bill Cassidy, a Republican of Louisiana, has introduced the License Natural Gas (LNG) Now Act to remove barriers placed on US exporters so they can quickly access the market and meet the global demand for natural gas. This legislation would revamp the current system put in place by the Department of Energy decades ago and establish market growth of US exports. Under the act, the US would have the opportunity to meet the anticipated four to five percent of annual LN

Panama Canal Expansion Videos

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Panama Canal chief looks back on the first year of the big ship era

When the $5.5 billion expansion of the Panama Canal opened on June 26, 2016, dignitaries from around the world and 25,000 Panamanians lined the banks of the canal. But on the first anniversary, it was pretty much a working day. Five NeoPanamax vessels — ships too long, too wide and too heavy to fit through the locks of the original canal — transited through the new locks last Monday. The largest was Hapag Lloyd’s Valparaiso Express. With a capacity of more than 13,000 TEUs (t

Ports making positive moves to handle mega-ships | Expert column

“There they blow: Neopanamax ships and ultra large container vessels (ULCVs). Whatever a particular port might call them, they are big. And, they are here, steaming up our coast. The Panama Canal expansion has opened a new shipping route for these ships from Asia that is particularly favorable to marine terminals in the Southeast – leaving Northeast ports more reliant on the Suez Canal. The Port of Virginia and the Port of Georgia currently rank one and two for services deplo

Some box terminals are facing 'catastrophic economic failure', warns analyst

Major container ports could be facing an investment crisis that will dwarf the problems seen in liner shipping over the last few years. At the TOC Europe Container Supply Chain event in Amsterdam today, Lars Jensen, partner and chief executive of liner analyst SeaIntelligence Consulting, warned that with the large number of 18,000-21,000 teu ultra large container vessels (ULCVs) entering the global shipping fleet, the only way operators at hub ports would be able to compete w

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