by Stas Margaronis Oct 06, 2021
Maine submits application for nation’s first floating offshore wind farm
On October 1st, Maine’s Governor’s Energy Office (GEO) submitted an application to the Bureau of Ocean Energy Management (BOEM) to lease a 15.2-square-mile area nearly 30 miles offshore in the Gulf of Maine for the nation’s first floating offshore wind research site in federal waters.
TGS’ Schneider and Port of Oakland’s Brandes urge ocean carriers return to Oakland
The recent decision by ocean carriers to reduce vessel service at the Port of Oakland and send more vessels to the Ports of Los Angeles and Long Beach has negatively impacted U.S. agricultural exporters in the middle of the harvest.
California Propeller Clubs’ meeting focuses on railroads’ impact on California ports
The Propeller Clubs of Northern California and of Los Angeles and Long Beach convened a joint forum to discuss the impact of U.S. railroads on California ports.
LA’s Seroka expresses support for Ag exporters but cites challenges
Port of Los Angeles executive director, Gene Seroka, supports U.S. agricultural exporter efforts to increase export bookings on global ocean carriers, but cites challenges related to the recent import volume surge.
STB’S Oberman says US railroads reduced service, raised rates and derived $191 billion in dividends and buybacks since 2010
Martin Oberman, chair of the Surface Transportation Board (STB), charged U.S. railroads with reducing service, raising freight rates, shifting more truckloads onto highways, contributing to global warming while deriving $191 billion in dividends and stock buybacks since 2010.
Port of Los Angeles reports 36.8% volume jump in July
The Port of Los Angeles reported year-to-date container volumes were up in July by 36.8% over 2020 levels for a total of 6,318,675 TEUs, according to Gene Seroka executive director, Port of Los Angeles.
UP and BNSF say supply chain partners need to do more to relieve congestion
On August 5th Union Pacific (UP) Railroad CEO Lance Fritz wrote Martin Oberman, chair of the Surface Transportation Board (STB), assuring him of UP’s efforts to address rail congestion issues that includes connecting West Coast ports to Midwest destinations
British American Shipping’s Snell warns US exporters to expect less sailings from some West Coast ports
U.S exporters will face daunting challenges this fall exporting their agricultural products from U.S. West Coast ports: ocean carriers have reduced services from Seattle/Tacoma, Oakland and Vancouver as well as to Southern Asia, Middle East, Mediterranean and South American destinations.
Long Beach’s Cordero predicts LA/LB will process 19 million TEUs in 2021
Mario Cordero, executive director, Port of Long Beach, predicted the Long Beach and Los Angeles ports combined will process 19 million TEUs in 2021.
Union Pacific discloses $7 billion for “share repurchases”
Under fire from importers and exporters for service cutbacks and from rail employees for lay-offs and followed by a seven-day rail service suspension from West Coast ports in July, Union Pacific disclosed that it has accumulated approximately $7 billion for “share repurchases.”
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