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SubjectDatePriority
PHILADELPHIA DAILY UPDATE05/25/2007 Normal
PHILADELPHIA UPDATE--DELAWARE RIVER CHANNEL DREDGING05/17/2007 Normal

 Daily Port Update

Subject:PHILADELPHIA UPDATE--DELAWARE RIVER CHANNEL DREDGING
Date:Thursday, May 17, 2007
Priority:Normal
Notice:

PRESS RELEASE

FOR IMMEDIATE RELEASE

May 17, 2007


FOR MORE INFORMATION CONTACT:

Dennis Rochford at 215.925.2615 X5



Maritime Exchange President Dennis Rochford Lauds Decision to Move Ahead
on Channel Deepening Project



PHILADELPHIA, PA -- Governors Ed Rendell and Jon Corzine are to be
commended for reaching an agreement to move forward on the Delaware River
Main Channel (45’) Deepening Project. This is an incredibly significant
accomplishment that will propel regional port development and allow all
Delaware River port facilities to competitively attract the emerging class
of larger cargo vessels. Because of growing congestion problems
experienced by West Coast ports, the reality today is that ocean carriers
operating in the trans-pacific route are diverting larger cargo vessels
through the Suez Canal to East Coast ports. You don’t have to be an “A”
student in Geography to figure out that if you draw a straight line from
Gibraltar to the East Coast of the United States, you arrive at the
Delaware River.


The proposed Philadelphia Regional Port Authority Southport Project, the
new South Jersey Port Corporation general cargo facility planned for
Paulsboro, and the expansion opportunities at the Port of Wilmington
validate the economic justification to complete this project and enhance
our competitive position among other East Coast ports. Deepening the main
channel to 45 feet will guarantee our fair share of the rapidly expanding
global economy – and that means good paying jobs, jobs and more jobs for
our regional economy.




The Maritime Exchange is a non-profit trade association representing
almost 300 port and related businesses throughout Pennsylvania, New
Jersey, and Delaware. Since its establishment in 1872, the Maritime
Exchange has served as the primary port advocate on behalf of these
businesses, working closely with federal, state and local governmental
agencies as well as the tri-state federal congressional delegation to
promote commerce along the Delaware River and Bay.



# # #

WILL UPDATE WHEN FURTHER DETAILS KNOWN


Notice posted on Thursday, May 17, 2007

Disclaimer
For quality assurance purposes please note well that while the above information is regularly vetted for accuracy it is not intended to replace the local knowledge or expertise pertaining to port conditions of our marine operations personnel. Port précis should always be verified by contacting the corresponding marine department of a particular location for the most up-to-date information.