12 p a g e inland waterways negative bdl no solvency

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: rriers to marine highway programs US Department of Transportation, 2011 (April, America’s Marine Highway Report to Congress, ) While Marine Highway services are relatively easy to initiate at the majority of the nation’s port facilities, highly efficient services require specialized equipment in many instances. For example, at smaller ports, specialized gantry cranes may need to be installed to efficiently load and unload marine container barges. Many moderate-sized port facilities possess adequate space to accommodate start-up Marine Highway services but may have to make certain modifications (such as wharf rehabilitation, berth improvements, paving, fencing, and staging area development) and acquire additional shoreside equipment (such as specialized cranes, forklifts, hostlers, tractors, and top pick forklifts) for these operations. The European experience shows that the major investment costs, particularly at inland barge container terminals, consist of infrastructure (wharf construction and grounds) and equipment (cranes and internal transport vehicles). The initial acquisition cost of port facility and cargo handling equipment can be a significant barrier to market entry for Marine Highway services. Initially, such services often involve relatively small volumes of cargo that must bear the full costs of paying for the new port infrastructure. This high fixed cost, which must be passed on to shippers, places Marine Highway services at a competitive disadvantage relative to established land -based modes. 11 | P a g e Inland Waterways Negative BDL No Solvency – Global Starvation [___] [___] Infrastructure can’t solve food crisis – drought is already devastating agricultre Jack Farchy and Gregory Meyer, Financial Times, 2012 (July 19, World braced for new food crisis, -d1c5-11e1-badb00144feabdc0.html#ixzz21YSupe9I) The world is facing a new food crisis as the worst US drought in more than 50 years pushes agricultural commodity prices to record highs. Corn and soyabean prices surged to record highs on Thursday, surpassing the peaks of the 2007-08 crisis that sparked food riots in more than 30 countries. Wheat prices are not yet at record levels but have rallied more than 50 per cent in five weeks, exceeding prices reached in the wake of Russia’s 2010 export ban. The drought in the US, which supplies nearly half the world’s exports of corn and much of its soyabeans and wheat, will reverberate well beyond its borders, affecting consumers from Egypt to China. “I’ve been in the business more than 30 years and this is by far and away the most serious weather issue and supply and demand problem that I have seen by a mile,” said a senior executive at a trading house. “It’s not even comparable to 2007-08.” [___] Global food shortages are inevitable – the plan does not address structural factors Frederick Tipson, Jennings Randolph Senior Fellow, 2012 (Global Food Insecurity and "Political Malnutrition," June 2012, Number 7, German Marshall Fund Connections,
View Full Document

This document was uploaded on 02/06/2014.

Ask a homework question - tutors are online