MarAd awards $703 million to boost port infrastructure

MarAd awards $703 million to boost port infrastructure

(WASHINGTON) — The U.S. Department of Transportation on Friday announced more than $703 million to fund 41 projects in 22 states and one territory that will improve port facilities through the Maritime Administration’s (MarAd) Port Infrastructure Development Program. The funding, made possible by the Bipartisan Infrastructure Law and additional congressional appropriations, will benefit seaports, Great Lakes ports and inland river…
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Massport marks completion of major Boston upgrades

Massport marks completion of major Boston upgrades

(BOSTON) – The Massachusetts Port Authority (Massport) on Friday welcomed elected officials, customers and stakeholders to the Paul W. Conley Container Terminal to celebrate the completion of critical infrastructure investments as part of a nearly $850 million plan to upgrade the Port of Boston. The multi-year investment, made possible by the support of state, federal and local partners, is already…
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Middle East ports top performance index; US lags

Middle East ports top performance index; US lags

(NEW YORK) — Ports in the Middle East took four of the top five spots in the second edition of the global Container Port Performance Index (CPPI) developed by the World Bank and S&P Global Market Intelligence. CPPI is a comparable index of global container port performance intended to serve as a reference point for key stakeholders in the global…
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MarAd hits new high with port infrastructure grants

MarAd hits new high with port infrastructure grants

(WASHINGTON) — The U.S. Department of Transportation’s Maritime Administration (MarAd) announced Monday that up to $684.3 million is now available for Port Infrastructure Development Program (PIDP) grants, to be awarded on a competitive basis to projects that improve the safety, efficiency and reliability of the movement of goods into, out of, around, or within a port. This marks the most…
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MarAd nearly doubles funding for US port grants

MarAd nearly doubles funding for US port grants

(WASHINGTON) — The U.S. Department of Transportation’s Maritime Administration (MarAd) on Wednesday announced nearly $450 million in newly available grant funding for port-related projects through the Port Infrastructure Development Program (PIDP) — by far the largest investment in the program ever. These grants can help ports expand capacity and improve the movement of goods through U.S. supply chains. This funding…
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Port of Long Beach sets record with 9.38 million TEUs in 2021

Port of Long Beach sets record with 9.38 million TEUs in 2021

(LONG BEACH, Calif.) — The Port of Long Beach set a new record in 2021 by moving 9.38 million cargo containers as dockworkers and terminal operators worked to clear the docks amid an historic, pandemic-induced import surge. The port ended 2021 with 9.38 million twenty-foot equivalent units (TEUs) processed, a 15.7 percent increase from the previous record of more than…
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