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Congress, President Trump approve $138 million for Charleston Harbor Deepening Project

The Charleston Harbor Deepening Project reached a monumental milestone  with President Donald Trump signing the FY2020 Energy and Water Appropriations bill into law

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Congress, President Trump approve $138 million for Charleston Harbor Deepening Project
Congress, President Trump approve $138 million for Charleston Harbor Deepening Project. Image: South Carolina Ports Authority

The Charleston Harbor Deepening Project reached a monumental milestone  with President Donald Trump signing the FY2020 Energy and Water Appropriations bill into law, officially greenlighting $138 million for the Charleston Harbor Deepening Projectopens in a new window.

President Trump includedopens in a new window the $138 million in the President’s Fiscal Year 2020 budget earlier this year, making the project eligible for direct appropriations by Congress for the first time through the Energy and Water Appropriations bill.

Both the Senate and the House voted to approve the appropriations bill this week as part of the FY2020 funding package, and President Donald Trump signed it into law today.

This enormous step forward means the project is fully funded to completion and on track to achieve a 52-foot depth in 2021.

“This huge infusion of federal funding reflects the importance of ensuring South Carolina has a deep harbor capable of handling mega container ships,” S.C. Ports Authority Board Chairman Bill Stern said. “We are grateful to the Trump Administration for recognizing the value a 52-foot depth in Charleston Harbor brings to the Southeast. Thank you to our Congressional delegation, Governor McMaster, and the state and local leaders who have supported this critical project and worked tirelessly to complete it.”

S.C. Ports Authorityopens in a new window President and CEO Jim Newsome said a 52-foot deep harbor will accommodate 19,000 twenty-foot equivalent container unit (TEU) vessels drafting 50 feet or more without navigation or tidal restrictions.

“The Charleston Harbor Deepening Project is one of the most significant infrastructure projects in S.C. history,” Newsome said. “A 52-foot deep harbor will ensure we remain competitive for decades to come as bigger ships bring more cargo to S.C. Ports. A thriving port drives economic development and attracts business to the state, which ultimately creates high-paying jobs for South Carolinians. Port operations generate a $63.4 billion economic impactopens in a new window on the state each year and create 1 in 10 S.C. jobs.”

In 2012, the S.C. General Assembly set asideopens in a new window $300 million, the full estimated state share of the deepening construction costs. This decision was invaluable in showing the federal government that South Carolina is fully invested in deepening Charleston Harbor.

The project also previously securedopens in a new window $108 million in federal appropriations from the Army Corps of Engineers’ work plans, as well as an additional $50 million loan from the state. Construction began in early 2018.

“We have been working diligently on this project with the U.S. Army Corps of Engineersopens in a new window for 10 years and it is great to see construction progressing. This impressive progress would not be possible without the unwavering support from the S.C. Legislature, who set aside funding years ago,” S.C. Ports COO Barbara Melvin said. “Today, we are incredibly grateful to our Congressional delegation and the Trump Administration for funding this vital project to completion.”

Work is ongoing to deepen the Entrance Channel to 54 feet; deepen a stretch from the Lower Harbor up to Wando Welch Terminalopens in a new window to 52 feet; and widen the turning basin of the Wando River from 1,400 feet to 1,650 feet.

The next contract will achieve a 52-foot depth from Charleston Harbor up the Cooper River to the future Hugh K. Leatherman Sr. Terminalopens in a new window in North Charleston, set to open in 2021. The new Leatherman terminal will double port capacity at full build-out.

“The importance of completing the Charleston Harbor Deepening Project cannot be overstated,” Newsome said. “We are grateful to all our partners, elected leaders and teammates who are making this a reality.”

Accolades from elected leaders:

“For decades, South Carolina’s ports system has been the competitive advantage that sets our state’s economy apart, and this $138 million investment in the Charleston Harbor Deepening Project ensures that it will remain an advantage for decades more. This news gives every South Carolinian reason to celebrate. Companies around the world will take notice of Team South Carolina’s commitment to keeping our infrastructure on the cutting edge, which gives them more confidence in investing here and creating even more jobs for our people.” — Gov. Henry McMaster

“I’m incredibly appreciative of President Trump, as well as my House and Senate colleagues, for making this happen. The $138 million we secured is one of the most important milestones we have met. It will help keep us on track toward project completion. … Charleston Harbor Deepening is about jobs — both today and in the future. The Port is the backbone of our state’s economy and responsible for over $60 billion in economic activity. Today’s news ensures our Port will continue to benefit South Carolina and American business in perpetuity.” — U.S. Sen. Lindsey Graham

“I am pleased the bi-partisan appropriations agreement contains $138 million for the deepening of the Charleston Harbor. This funding is critical to help the Port of Charleston become the deepest harbor on the East Coast, allowing post-Panamax vessels to call on the Port of Charleston any time of day. The Port of Charleston is vital to the economy of South Carolina. I am a huge supporter of the Port and I will continue to support efforts to ensure it continues to thrive.” — Congressman Jim Clyburn

“I am grateful to have worked alongside my colleagues in Congress to fight for the Charleston Harbor Deepening Project. The Port of Charleston supports thousands of businesses and jobs in our state and this federal funding is critical to ensuring the project remains on track, benefiting South Carolina’s economy for years to come. I appreciate President Trump for recognizing the importance of this project and the critical role it plays.” — Congressman Joe Wilson

“I’m proud to stand behind a bipartisan government funding bill that invests in critical Lowcountry priorities like the Charleston Harbor Deepening Project, averts another shutdown, and fully funds the government for the rest of the fiscal year. The Port of Charleston is a driver of economic development across our entire state and region. This funding will allow the Port of Charleston to reach its full potential and continue to facilitate economic growth across the Lowcountry.” — Congressman Joe Cunningham

Maritime

Alabama State Port Authority and Automobile International Terminal sign concession agreement 

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Alabama State Port Authority and Automobile International Terminal sign concession agreement. Image: Wikimedia/ Adrien Lamarre
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The Alabama State Port Authority (ASPA) and AutoMOBILE
International Terminal (AIT) signed a concession agreement at the Port of Mobile, USA, for a $60 million (USD), finished automobile roll on/roll off (RO/RO) terminal currently under construction. AutoMOBILE International Terminal will operate the facility when completed in early 2021.

“We’re extremely pleased to see these world class services companies invest in both our region and our port. AIT’s investment will create a new U.S. gateway for shipping finished automobiles for both U.S. and global manufacturing and consumer markets,” said James K. Lyons, Director and Chief Executive Officer for the Alabama State Port Authority.

AIT is a joint venture between Terminal Zarate, S.A., a Grupo Murchison company, headquartered in Buenos Aires, Argentina, and Neltume Ports, headquartered in Santiago, Chile.

The new 57-acre (23.06 hectares) terminal is located on the ASPA’s main port multimodal complex, and when completed, will have an annual throughput of 150,000 units. The new facility is located on -40 ft. draft (-12.19 m), Mobile Harbor, and serviced by five Class I railroads and a rail ferry service with connections throughout North America and immediate, unencumbered
access to major U.S. interstate and highway systems.

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Container Shipping Lines

CMA CGM introduces NETWORKING INTERMEDIATION SERVICES, a unique, unprecedented solution for business networking

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CMA CGM introduces NETWORKING INTERMEDIATION SERVICES, a unique, unprecedented solution for business networking. Image: Wikimedia/ Hummelhummel
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The CMA CGM Group, a world leader in shipping and logistics, is pleased to announce the launch of NETWORKING INTERMEDIATION SERVICES, the first and only business matchmaking solution on the market.

NETWORKING INTERMEDIATION SERVICES, a unique, unprecedented solution to accelerate business growth for the CMA CGM Group’s customers

In line with its Customer Centricity strategy, CMA CGM is committed to providing customized support to its clients as they pursue international expansion and business development. With NETWORKING INTERMEDIATION SERVICES, the Group gives them the ability to expand their activity worldwide, to create new business opportunities and to find the suppliers or customers that best meet their needs.

The CMA CGM teams are available to help the Group’s clients:

  • Find trustworthy partners;
  • Diversify their customer and/or supplier portfolio;
  • Reach new markets;
  • Leverage alternative business opportunities;
  • Reduce the cost, time and effort associated with business development;
  • Find better quality products and more advantageous terms.

CMA CGM leverages its trusted network for ever more innovative solutions

NETWORKING INTERMEDIATION SERVICES is backed by the unique network of the CMA CGM Group. Present in 160 countries through its 755 offices, the Group deals with companies operating in a wide variety of business sectors: textile, food, agriculture, manufactured goods, industrial equipment, etc.

A dedicated team based at the Group’s head office in Marseille screens its clients to find the most reliable, driven and dynamic business partners. To ensure adherence to the highest standards, potential partners must meet the following criteria to participate in NETWORKING INTERMEDIATION SERVICES:

  • Have a business expansion plan;
  • Have a long-term relationship with CMA CGM;
  • Comply with the CMA CGM Code of Ethics;
  • Demonstrate sound management (clear of liabilities and outstanding payments to CMA CGM).

The business matchmaking occurs in three main stages:

  • The client tells the CMA CGM team about its business goals;
  • CMA CGM presents them with a list of potential new business partners;
  • The two potential partners begin negotiating to develop their activity. The exporter only incurs fees if an agreement is signed.

Marking the launch of NETWORKING INTERMEDIATION SERVICES, Mathieu Friedberg, Senior Vice President – Commercial & Agencies Network, CMA CGM Group, declares:

With NETWORKING INTERMEDIATION SERVICES, the CMA CGM Group is leveraging the trusted network it has built over the course of its 40-plus years of experience. By helping our customers grow with ever more innovative solutions, we are reaffirming our desire to put clients at the heart of our strategy.

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Container Terminal

Swissterminal and DP World enter strategic partnership

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Swissterminal and DP World enter strategic partnership. Image: DP World
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DP World and Swissterminal Holding AG, the leading container terminal operator in Switzerland, have entered a strategic partnership.

With effect from 20 January 2020, DP World has taken a stake of 44% in Swissterminal Holding AG with the Mayer family, who founded the business, remaining the majority shareholder. The parties have agreed not to disclose financial details of the transaction.

Swissterminal, which is headquartered in Frenkendorf close to Basel, operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are well connected to Europe’s leading container ports in Rotterdam and Antwerp as well as the ports of La Spezia, Genoa, Ravenna and Trieste south of the Alps.

DP World has grown from its roots in Jebel Ali Port in Dubai to be a leading global trade enabler offering end-to-end logistics to cargo owners through its network of 150 operations in more than 50 countries including ports, economic zones, warehousing, feeder services and inland transport.

Focusing on faster growing markets and key trade routes DP World is developing technology to remove inefficiencies in the supply chain. Through DP World Inland, the company is well established in the German and Belgian inland markets and operates four terminals including trimodal transport systems supporting trade flows to connect to the northern range seaports in Europe.

The Swissterminal and DP World partnership is expected to deliver a strong competitive advantage and enhance the industry-leading position of both companies. The cooperation is anticipated to expand the companies’ terminal networks, increase efficiency and grow their service portfolios. With the transaction, no major structural changes within the respective companies are planned, and Roman Mayer will continue to serve as Swissterminal’s CEO.

Dr Martin Neese, Managing Director of DP World Logistics, said: “We are excited to invest in an innovative container terminal operator with extensive industry know-how, committed employees and strong values. The strategic partnership with Swissterminal strengthens DP World’s position as a leading provider of inland supply chain solutions. Swissterminal is a perfect match to our existing inland and seaport operations in Europe. We look forward to developing new intermodal solutions together for the benefit of our customers”.

“We are delighted to welcome DP World as our partner, particularly at a time when we are seeing numerous opportunities for Switzerland to grow its success as a major global logistics hub,” said Roman Mayer, CEO Swissterminal AG.

“By merging our family-owned business with such a large, international organisation which shares our long-term vision, we will be well-equipped to deliver long-term sustainable growth and cater to a changing industry landscape”, he added.

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