Economy

Ports of Indiana Celebrates 5th Annual ‘Ports Day’ on April 5

April 1, 2020

2020 Event Recognizes Value of Western Hemisphere Ports to COVID-19 Response INDIANAPOLIS (March 31, 2020) – Ports of Indiana will join the American Association of Port Authorities (AAPA) in celebrating the fifth annual “Western Hemisphere Ports Day” again this year on April 5. Typically slated to commemorate the maritime industry’s role in job creation and…

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Port City Review: These 20 Seaport Communities Help Drive The U.S. Economy

March 19, 2020

  Ports are “crucial to the economy,” Texas economist Ray Perryman wrote in 2017. “Ports generate substantial business activity through their operations, but those benefits are dwarfed by the huge importance of water transportation to other industries.” In this survey of 20 U.S. port cities, we look at various engines of economic development and see how they…

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Wisconsin Governor Announces Harbor Assistance Program Grants

March 18, 2020

Wisconsin Governor Tony Evers last month announced two grants under the Wisconsin Department of Transportation’s Harbor Assistance Program. One, worth $29 million, is for improvements needed at the Port of Marinette to allow for the production of the next generation of Navy ships. The other, worth $4.9 million, will support the construction of a new…

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Expanding the Ports of Indiana Commission

February 27, 2020

Governor Holcomb Appoints Micah Vincent and David Fagan to Ports of Indiana Commission Source: AJOT Indiana Governor Eric J. Holcomb has appointed Micah Vincent and David Fagan to the Ports of Indiana Commission. Vincent serves as Vice President of Strategy + M&A at The Heritage Group. Fagan is the financial secretary of the International Union…

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Duluth Seaway Port Authority awarded $10.5 million grant

February 12, 2020

Funding will be used to build an additional warehouse and rehabilitate deteriorating dock walls at the Clure Public Marine Terminal on Rice’s Point. The Duluth Seaway Port Authority was the recipient of a $10.5 million grant on Tuesday — federal money that will be used to construct a 56,000-square-foot warehouse at the Clure Public Marine…

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Duluth Seaway Port Authority awarded $10.5 million MARAD grant for warehouse expansion, dock wall rehab

February 11, 2020

Minnesota Congressman Pete Stauber announced today that the United States Department of Transportation’s Maritime Administration allocated a $10.5 million grant to the Duluth Seaway Port Authority. This Port Infrastructure Development Program grant will help fund construction of a 56,000-square-foot, rail-served warehouse at the Clure Public Marine Terminal, along with rehabilitation of 1,775 lineal feet of…

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2019 Season Summary: Grain gain, heavy lifts boost tonnage totals

February 10, 2020

    Cargo volume exceeded 33.5 million short tons at the Port of Duluth-Superior for the 2019 shipping season, ranking as the port’s third highest throughput since 2015. Four of the port’s six cargo categories notched season-over-season tonnage gains. General cargo, comprised of project cargoes, breakbulk and heavy-lift industrial pieces, led the way with a…

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Cleveland Port Cargo Grew 9% in 2019

February 2, 2020

    CLEVELAND, Ohio — The Port of Cleveland saw 9 percent more cargo last year than in 2018, thanks to an increase in business from Canada. That’s despite the fact that cargo from Europe decreased by 25 percent, in part because of tariffs, said Jade Davis, the port’s vice president of external affairs. The…

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Soo Locks Empties its Largest Lock, See Inside

February 1, 2020

SAULT STE. MARIE, MI – After the last big freighter of the season went through the Soo Locks earlier this month, a busy window of winter maintenance kicked into high gear for this engineering marvel that moves ships and cargo between Lake Superior and the lower Lake Huron. The first step: “Dewatering” the Poe Lock,…

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More Ships, Less Cargo at Toledo’s Port in 2019

February 1, 2020

Source: Toledo Blade A poor grain harvest and a drop-off in dry-bulk cargoes at the Port of Toledo were mostly offset by surging iron-ore business and an upswing in liquid-bulk shipments during 2019, data from the Toledo-Lucas County Port Authority show. The net result was a slight, 2.59 percent decline in overall cargo tonnage, even…

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New Soo Lock Construction to Begin Spring of 2020

January 31, 2020

Phase One of New Soo Lock Construction to Begin Spring of 2020 Source: UpNorthLive The first phase of construction on the New Lock at the Soo has been awarded to a company in Nevada. According to the U.S. Army Corps of Engineers, Detroit District, the much-anticipated mega-project will be done in three phases. Trade West…

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Lawmakers Push for New Great Lakes Icebreaker

January 31, 2020

Research from the Lake Carriers Association shows that more than $1 billion in revenues was sacrificed last winter due to delays resulting from inadequate icebreaking. Minnesota Sens. Amy Klobuchar and Tina Smith and Wisconsin Sen. Tammy Baldwin joined eight other senators in advocating for a new Great Lakes icebreaker by signing a letter sent to…

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U.S. Great Lakes Ports Report Busy 2019 Navigation Season

January 27, 2020

The St. Lawrence Seaway, North America’s binational marine highway stretching 2,300 miles from the Atlantic Ocean to the Great Lakes, registered an 8.5 percent gain in year-over-year dry bulk cargo shipments in 2019. This highlights the Seaway’s ability to drive a diverse mix of commodities to and from Great Lakes ports. The top-performing cargos through the…

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Yards Start $97 Million Winter Work on Great Lakes Fleet

January 23, 2020

The Lakes Carriers Association says that more than $97 million in maintenance and modernization is underway on U.S.-flag Lakers idled for winter work at multiple Great Lakes shipyards. “After working around the clock for 10 months hauling cargo over more than 70,000 miles per vessel, the ships and their crews are given a brief rest…

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Great Lakes Freighters Undergo $97 million in Work this Winter

January 23, 2020

CLEVELAND, Ohio — U.S. shipping companies are spending $97 million this winter to maintain and modernize lakers at shipyards throughout the Great Lakes. Each ship hauls cargo more than 70,000 miles during the 10-month season, according to the Lake Carriers Association. The Soo locks between Lake Huron and Lake Superior closed this month. Now ships…

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