Trump budget cuts port funding

Responding to report findings, AAPA has issued several recommendations for policymakers and relevant stakeholders to help create a level playing field and expedite decarbonization activities for ports.

MARAD, the US Department of Transportation’s Maritime Administration unit, and the American Association of Port Authorities (AAPA) are to survey the country’s port authorities and terminal operators in a bid to more accurately identify their cargo handling requirements, particularly for electric machines, over the next five-to-10 years.

Following months of negotiation over Congressional Democrats’ agenda, the Senate has passed the Inflation Reduction Act, the budget reconciliation bill that includes US$3B over five years to establish a new grant scheme to install electrified equipment and reduce emission at US ports

The American Association of Port Authorities has reported that port-related projects in Baltimore, Cleveland and Miami will together receive over US$142M, or 15.7%, of the total of US$900M in grant funding for 20 projects selected by US DoT under its Nationally Significant Freight and Highway Projects Program, or INFRA

Maersk resignation shocks investors; key appointment at DP World Europe and Russia

The Port of Virginia has received a US$466,747 grant for equipment to support reefer containers and break bulk on its barge service linking Richmond with its deep sea terminals.