USA: Port of Long Beach Gets 12 Pct Budget Increase

The Long Beach Board of Harbor Commissioners on Monday approved a $942 million budget for fiscal year 2013, a 12 percent increase over the past year, reflecting the Port’s growing investment in its facilities and infrastructure modernization.

The new budget includes $720 million in capital spending, a 14 percent increase over fiscal year 2012, from October 1 through September 30. The growth in capital investment comes mainly from two large construction projects that have already begun at the Port: the Middle Harbor Terminal Project and preliminary work for the replacement of the Gerald Desmond Bridge.

The new budget reflects the Port’s strategy to boost business by investing aggressively in environmental and capital improvement projects while keeping operating costs in check. The 2013 budget includes $104 million in environmental infrastructure projects and other programs aimed at improving air and water quality, and cleaning soil and undersea sediments. Because of the current weakness in global trade, the spending plan also reduces non-staff related operating costs by 5 percent.

Port Executive Director J. Christopher Lytle said that while the overall Port budget has increased because of infrastructure investments; it also reflects a prudent, fiscally responsible approach. He said it is imperative that the Port operate cost efficiently while investing heavily in the future.

We are consciously changing our mindset to one of frugality,” Lytle said. “We are trying to be smarter about all different aspects of what we do in our spending and our budget.”

Over the next decade, the Port plans to spend $4.4 billion to modernize its facilities, including Middle Harbor, which will be one of the greenest and most technologically advanced container terminals in the world. The projects will add thousands of construction jobs and tens of thousands of permanent jobs to Long Beach and the region.

The 2013 budget also adds 25 new positions at the Port, mainly to support the increased construction activity. There are no salary increases for management and only contractually mandated increases for staff.

Port finance officials also estimated a Tidelands Fund transfer of $16.8 million to the City based on 5 percent of operating revenue for 2012. The City has not yet requested the transfer officially.

The Port’s budget will be included with the rest of the City’s when it goes to the Long Beach Mayor and City Council for review.

In a separate action, the Board also elected officers for new terms. Susan E. Anderson Wise was re-elected President of the Board. Wise was appointed to the Harbor Commission in 2008. The Commission President serves as chair of the commission, running board meetings and often representing the Port to the public and shipping industry

Commissioner Thomas Fields was re-elected as Vice President and Commissioner Nick Sramek was voted Secretary. Commissioners Rich Dines and Doug Drummond will serve as Vice Secretaries. All terms will start July 1.

The five-member Long Beach Board of Harbor Commissioners is the governing body of the Port of Long Beach, which is the Harbor Department of the City of Long Beach.

The Port of Long Beach is the country’s second busiest seaport and a primary gateway for transpacific trade. Founded in 1911, the Port of Long Beach is leading the way to a new era of innovative and sustainable international trade.

Source: Port of Long Beach, June 7, 2012;

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2015 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Marintec South America

Marintec – South American Maritime Exhibition for Shipbuilding, Platform and Maintenance

As part of the UBM/Seatrade portfolio, Marintec South America is a trade-show for anyone who wants to stay ahead in the maritime market.

Why visit?

  • Be inspired by thousands of products and services on show
  • Find out what´s new in the market by chatting to suppliers and peers
  • Come away with genuine solutions, exciting ideas, and a fresh outlook
  • Pick up new ideas from the experts of industry through our seminar sessions and technical presentation

Why Exhibit in Rio de Janeiro/ Brazil?

  • Rio de Janeiro is the headquarter of Petrobras and its mains shipyards / ship owners
  • Rio de Janeiro is an international reference center for training of professionals for the offshore oil and gas industry
  • Brazil produces over 2 million barrels of oil per day and the offshore production will double this by 2020
  • The Brazilian shipbuilding industry has been grown 19,5% per year since 2000
  • Investments in the industry should exceed BRL 200 billion before 2020
  • The oil and gas industry reached about 12% of the total Brazilian GDP and may reach 20% by 2020
  • The offshore exploration will move R$ 3.7 trillion over the next 30 years and will generate 87 million jobs
  • Petrobras’ total pre-salt needs estimate: 97 platforms, 510 support vessels and 140 oil tankers

Read more about the conference here.

read more >

3rd Annual LNG Bunkering 2015 Conference

IBC’s ‘LNG Bunkering Summit’ returns for the 3rd time, with a view to profile latest developments and opportunities in key trade routes globally, and particularly in Singapore.

Join your industry partners as they crack the ‘chicken and egg’ dilemma while focusing on first-mover benefits, infrastructure, supply and pricing that makes switching to LNG a viable option.

The 3rd LNG Bunkering Summit is part of a suite of events in The Bunkering Week, which incorporates 3 co located conferences and will attract over 200 top decision makers. LNG Suppliers, Traders, Ship Owners and builders will convene to address commercial, regulatory, supply-demand, price and global market issues.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

read more >

7th Bunkering in Asia 2015 Conference

If Quality and Compliance challenges were not enough, oil prices have provided a further twist to industry dynamics. Further, recent developments have yet again resulted in a review of credit and counter party risk management within the value chain.

What then should the industry response be? How can we look ahead and determine strategies that have a positive impact on our business? If tapping successfully into new market segments was high priority, assessing watertight alternatives to protect your business is of equal importance.

Part of The Bunkering Week, the 7th Bunkering in Asia is back in Singapore to provide networking, expert viewpoints, and commercial opinions that matter.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

read more >

Scrubber Summit Conference 2015

When reviewing the Exhaust Gas Cleaning System investment, vessel route, the amount of time spent in an ECA region and long term HFO – MGO differentials are just some of the issues ship owners’ are grappling with.

The drop in oil prices though has shifted the market economics of investments in Exhaust Gas Cleaning Systems. Long touted as a viable option for complying with low sulphur regulations, the industry is now actively evaluating HFO – Scrubber economics, and taking decisions to embraced scrubber technology.

The Scrubber Summit is your platform to raise questions and get commercial and technical solutions from technology experts and ship owners. It is part of a suite of events in The Bunkering Week, which incorporates 3 co located conferences and will attract over 200 top decision makers.

More info

Contact Details:
Email: register@ibcasia.com.sg
Telephone: +65 6508 2401
Fax: +65 6508 2407
Mail: IBC Asia (S) PTE LTD, 111 Somerset Road, TripleOne Somerset #10-06 Singapore 238164

read more >