• 2018 June 14 16:33

    Long Beach Harbor Commissioners adopt port budget

    The Long Beach Board of Harbor Commissioners on Monday approved a $982 million budget for the Port of Long Beach’s upcoming fiscal year, with 70 percent of the spending focused on modernization and other construction projects.

    For the fiscal year starting Oct. 1, 2018, the Harbor Department plans to spend $695 million on capital projects including the ongoing Gerald Desmond Bridge Replacement Project and Middle Harbor Terminal Redevelopment at a cost of $333 million. The spending plan includes a one-time payment of nearly $215 million for the Port’s new headquarters, expected to be completed in mid-2019. After the Harbor Commission's approval the budget will then be presented to the Long Beach City Council for its consideration.
     
    “The budget reflects the Port’s trademark careful planning and fiscal responsibility as we engage in the most active capital improvement program of any U.S. seaport,” said Lou Anne Bynum, President of the Long Beach Harbor Commission. “The Port will remain a vital economic engine for both the regional and national economies as we continue to strengthen the Port’s competitiveness.”
     
    “This budget gives us the means to continue building a Port that delivers the best customer service in the business,” said Port of Long Beach Executive Director Mario Cordero. “To our customers, that means delivering their cargo fast, efficiently and at a cost that makes sense for them. We look forward to a prosperous future together with our many partners.”

    The Harbor Department receives no taxpayer revenue to operate. The Port’s operating budget is funded by income from terminal leases and fees for moving cargo through the Port. The budget projects operating revenue of more than $399 million, 5.2 percent higher than the previous fiscal year.
     
    The newly approved budget also includes the anticipated transfer of $20 million to the City of Long Beach Tidelands Operating Fund, the largest transfer ever, which is used for beachfront improvements and other coastal expenditures in Long Beach.




2018 December 9

17:01 Jan De Nul starts beach protection project in Benin
16:06 MOL to participate in construction, ownership, operation of FSRU for Jawa 1 Gas-Fired IPP Project in Indonesia
14:40 Coast Guard continues search for survivors of capsized migrant vessel off Dominican Republic
13:38 CMA CGM announces FAK rates for Asia-Middle East Gulf trade
11:39 MHI Vestas clinches largest MW turbine order for Scotland's Moray Firth

2018 December 8

17:15 Huntington Ingalls Industries names Herman Shelanski as new VP, Business Development at it's shipbuilding division
16:07 Gladding-Hearn built pilot boat delivered to Southwest Alaska Pilots Association
13:12 EGCSA blasts MPA's ban on open-loop scrubbers in Singapore
10:28 Torqeedo displays 2019’s new electric boating products at Salon Nautique International de Paris.

2018 December 7

18:01 Naming ceremony for Arctic condensate tanker Boris Sokolov held at Guangzhou Shipyard International
17:38 Tellurian and Vitol sign MOU for 15-year LNG sale on JKM
17:14 Port of Tallinn rewards emission-reducing ships with a discount of up to 8% on tonnage fees
16:50 Vladimir Putin presents Captain Zybko with Distinguished Maritime Service Order
16:26 BSAP updates move forward at HELCOM key meeting
16:02 Orange Business Services keeps Arctic Shipping Company fleet connected along the Northern Sea Route
15:37 EU NAVFOR promotes maritime security dialogue in Somalia
14:59 Protection structures to be built at the port of Sochi
14:25 Northern Fleet's frigate Admiral Gorshkov takes part in training in the Barents Sea
14:08 ABS signs MOU with KOMERI to create a new facility dedicated to improving the safety of LNG as fuel
13:08 Crowley adds 400 new refrigerated containers to its fleet
12:26 Freight turnover of Neva-Metal (Saint-Petersburg) in 11M’18 climbed by 3% Y-o-Y to about 2.9 million tonnes
11:57 Montreal, Canada to host 14th Arctic Shipping Summit on 13-14 March 2019
11:24 Vladivostok Sea Fishing Port handled 284,000 tonnes of fish in 11M’18, up 25.8% Y-o-Y
11:08 SEA Europe and ECSA pleased with EU’s actions on trade-distortive South Korean measures in shipping and shipbuilding
10:45 Extraordinary General Shareholders Meeting of LUKOIL approves interim dividends
10:21 Brent Crude futures price down 0.62% to $59.69, Light Sweet Crude – down 0.41% to $51.28
10:06 Barcelona City Council supports reducing pollution in the Mediterranean with a low emissions zone
09:42 Bunker prices are slightly down at the Port of Saint-Petersburg, Russia (graph)
09:19 Baltic Dry Index is up to 1,339 points
09:03 Fincantieri launches new ship “Carnival Panorama” for Carnival Cruise Line
08:07 NYK concludes long-term charter agreement for two LNG carriers with Total
07:24 ‘Breakbulk carrousel’ gives breakbulk and heavy cargo companies space for further growth in Rotterdam’s Waalhaven

2018 December 6

18:05 ONE Thailand receives 2018 Best Container Liner Award from Thai National Shippers’ Council
17:54 IAPH LNG bunkering audit tool already used to license operations at Port of Rotterdam
17:35 IMO highlights key elements of the Initial IMO Strategy on reduction of GHG emissions from ships
17:17 2019 port tariff increases at North Sea Port stay below inflation level
17:05 Chinese group Lingang signs 5 MOU’s for the realisation of the Lingang Overseas Modern Industrial Park in Zeebrugge
16:40 RF Navy's Northern Fleet to protection Russia’s national interests in the Arctic
16:15 Nexans strengthens its focus on Inspection, Maintenance and Repair (IMR) services with a dedicated team of IMR experts
16:01 MABUX: Big chance for bunker prices to turn into firm upward evolution again
15:38 Samskip's investments secure supply chain against Brexit
15:26 Russian Railways: Loading of export cargo bound for domestic ports up 4.9% to 279.8 million tonnes in 11M’18
15:01 Höegh LNG announces delivery of FSRU number nine, "Höegh Gannet"
14:47 Shipboard equipment localization center encourages shipbuilders to scale up their activities in info-field
14:12 MV S’hail al Wajbah is the newest addition to the Baumarine Pool
13:49 Throughput of port Taganrog in 11M'18 up 3% to 2.78 million tonnes
13:33 FESCO transported 24,000 tonnes to Chukotka under northern delivery of cargoes-2018
13:12 Jan De Nul signs 25 year concession agreement to dredge Guayaquil Port Access Channel
12:50 Modernization of FESCO terminal in Novosibirsk to halve the time of container handling
12:28 Bunker prices continue going down at the Far East ports of Russia (graph)
12:09 CMA CGM announces FAK rates from Asia to Red Sea
11:54 BashVolgotanker carried 1.8 million tonnes of oil products in navigation season of 2018, flat Y-o-Y
11:22 Ukraine accedes to load lines convention
11:00 Bunker sales at port Vladivostok in 11M’2018 grew by 64% to 1.034 million tonnes
10:37 Work on Freeport of Riga Development Programme for 2019-2028 nears completion
10:15 Brent Crude futures price down 0.83% to $61.05, Light Sweet Crude – down 1.04% to $52.34
09:56 CMA CGM and Freightos sign landmark agreement advancing digitization in the shipping industry
09:43 Vostochny Port exported 22.3 million tonnes of coal in 11M’2018, up 5.8% Y-o-Y
09:18 Baltic Dry Index is up to 1,296 points

2018 December 5

19:13 Damen’s first Fishing Seminar success as new leasing fund welcomed by South African fishing community