Port Tampa Bay CEO advocates for increased federal investment in maritime infrastructure

Investing in shore power is a game-changer for America's ports, as highlighted in a recent meeting of the U.S. House Committee on Transportation & Infrastructure. The discussion underscored the dual benefits of shore power: improving air quality and enhancing the competitiveness of U.S. ports in the global shipping arena. Shipping companies are eager to cut pollution, and ports are keen to stay competitive, making this investment crucial.

However, concerns were raised about the potential rescinding of funding for ports, which was initially secured through the bipartisan infrastructure law and the Inflation Reduction Act. This move could place U.S. ports at a significant disadvantage, according to committee members. The urgency of the situation was palpable, with one member stating, "We will not go quietly" if funding is cut.

The meeting also emphasized the importance of America's shipyards, which are vital to the maritime infrastructure but are currently lagging due to international competition and unfair practices. The Jones Act, which mandates that shipbuilding and manufacturing occur in the U.S., was praised for its role in supporting domestic shipyards. Secretary Duffy's backing of the Jones Act during his confirmation hearing was noted as a positive sign for the industry.

Port Tampa Bay's President and CEO, Paul Anderson, shared insights on the economic impact of ports, revealing that Port Tampa Bay alone contributes nearly $35 billion annually to the region's economy and supports over 92,000 jobs. He highlighted the need for continued investment in port infrastructure to keep pace with global advancements and ensure efficient cargo movement.

The committee's commitment to ongoing investment in maritime infrastructure was clear, with members recognizing that America's ports must respond to the heavy investments made by foreign ports. The meeting concluded with a call to action for federal support to accelerate grant processing and improve funding delivery for critical port projects.

As the maritime industry faces increasing challenges, the discussions at this meeting signal a pivotal moment for the future of America's ports and shipyards, emphasizing the need for sustained investment and support to maintain their competitive edge.