Subscribe to our free, weekly email newsletter!


Port of Los Angeles deepens channel

The widening of the Panama Canal will enable it to accommodate the larger ships that routinely call at L.A. and other major west coast ports, providing an all-water route to Gulf and East Coast destinations.
By Patrick Burnson, Executive Editor
July 26, 2010

The Port of Los Angeles began the final phase of its 13-year, $370 million Main Channel Deepening Project (MCDP) late last week.

After a five-year break in the project to identify and environmentally assess additional disposal sites for the soil dredged up by deepening the port’s main waterways, a barge containing roughly 4,000 tons of boulders and fill material began to discharge its payload at a designated outer harbor location. The site, directly west of Angel’s Gate, will be a containment area to hold clean dredge material and expand the Port’s thriving outer harbor shallow water habitat by an additional 50 acres.

Completing the final phase of the Main Channel Deepening Project over the next three years is critical to future trade growth and job creation at the Port of Los Angeles, especially in light of the completion of the Panama Canal expansion in 2014. The widening of the Panama Canal will enable it to accommodate the larger ships that routinely call at L.A. and other major west coast ports, providing an all-water route to Gulf and East Coast destinations.

“The Main Channel Deepening Project is a lifeline to maintaining our competitive edge during the critical years ahead as we face increased competition on a number of fronts,” said port executive director Geraldine Knatz. “We presently have $350 million in terminal expansion projects underway at our china shipping and Trapac container facilities. Resumption of the Main Channel Deepening Project is key to delivering those projects on schedule – a commitment we have made to those terminal operators.”

Ultimately, those terminals will facilitate more than 19,000 direct and indirect jobs. The MCDP project also will complete channel deepening in waterways leading to the Yusen/NYK, Evergreen and Yang Ming container terminals, as well as the presently vacant terminal at Berths 206-209.

In fiscal year 2008/2009, the Harbor Department derived 74 percent of its overall revenues from its container terminals ($286 million of $402 million).

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

APICS and ASTL said they have signed off on an agreement in which AST&L will merge with APICS upon ratification by an AST&L member vote.

The average price per gallon of diesel rose 4.3 cents to $2.854 per gallon, following gains of 3.1 cents and 2.6 cents, respectively, the previous two weeks for a cumulative ten cent gain over the last three weeks.

The index ISM uses to measure non-manufacturing growth—known as the NMI—was 57.8 in April which was 1.3 percent above March and also 0.5 percent above the 12-month average of 57.3. Economic activity in the non-manufacturing sector has grown for the last 63 months, according to ISM.

Non asset-based 3PL XPO Logistics reported solid first quarter earnings last night, with total gross revenue seeing a 148.9 percent annual gain at $703.0 million and net revenue up 349.0 percent to $262.2 million. Despite the significant gains in total gross revenue and net revenue, the company had a $14.7 million quarterly net loss, which marked an improvement compared to a $28.3 million net loss a year ago.

So far, so good may be the best way to describe the current state of progress in the negotiating process regarding the announcement made last month by FedEx that it plans to acquire Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator for $4.8 billion.

Article Topics

News · Ocean Freight · Green · Logistics · Trade · AAR · Shipping · China · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA