Maritime

Nov 30, 2021

Earlier this month, the North Carolina state budget set aside $283 million to cover the non-federal portion to construct the Wilmington Harbor Navigation Improvement Project.   Despite the big-ticket award, progress on the project is stalled as the U.S. Army Corps of Engineers awaits federal funding to cover a required pre-construction review pr ...

Nov 24, 2021

Rouzer Bill Would Float More Cash To N.C. Ferries

By Johanna F. Still, posted Nov 24, 2021

U.S. Rep. David Rouzer, R-N.C., filed a bill Nov. 18 with the goal of funneling more money into the state’s ferry system.   The bill would tweak the U.S. Department of Transportation’s (DOT) grant criteria for passenger ferries, removing the requirement that recipients must meet the Secretary of Commerce’s definition of an &ldq ...

Nov 18, 2021

Customers of the Port of Wilmington now have direct rail access to midwestern markets with the launch of the Wilmington Midwest Express. The route is the N.C. State Ports Authority’s daily direct connection to the midwest through the Carolina Connector Intermodal Rail Terminal in Rocky Mount. Gov. Roy Cooper attended an opening ceremony for the Rocky Mount ...

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Boosting Off-Season Vacation Rental Income With Tax Deductions

Posted Oct 27, 2021
As we enjoy this fall season, it is important for vacation rental owners to continue to increase investment income. Maximizing tax benefits and understanding deductions can significantly boost off-season rental income. Let’s look at ways to make your vacation property work harder for you year-round.
 
Tax Benefits (and Pitfalls) of Vacation Rental Properties &ndash...read entire article
Nov 8, 2021

Wilmington Port Fields Global Supply Chain Disruptions

By Johanna F. Still, posted Nov 8, 2021

While billions in goods sit anchored outside the ports of Long Beach and Los Angeles, six of the Port of Wilmington’s eight weekly services are arriving on time with no scheduling difficulties. These steady routes are coming from Central and South America and Europe.  Local hiccups are occurring in the Wilmington port’s two Asian trans-Pacific services, ...

Nov 5, 2021

Village of Bald Head Island voters said “yes” on Tuesday to issuing $52 million in general obligation bonds, a key step before the small government is considered a potential buyer for the island’s transportation system.  Though results – from 165 affirmative ballots – are still not certified, the “nos” fall just 45 votes be ...

Oct 4, 2021

The Wilmington Boat Show drew about 65 exhibitors, numerous boat dealers and an estimated 6,000 attendees to the Wilmington Convention Center and nearby Cape Fear Community College parking lot this weekend, according to event organizers.   Until the watercraft actually rolled into the site, Jacqui McGuinness, owner of JBM & Associates, which produces the event, ...

Sep 27, 2021

Waterside Wilmington Boat Show Steers Into Port Friday

By Jenny Callison, posted Sep 27, 2021

The Wilmington Boat Show will cruise into downtown Friday and offer three days of information and activity at the Wilmington Convention Center. The show, which debuted in 2016, is operated by Charleston, South Carolina-based JBM & Associates. This year's Wilmington Boat Show rides a crest of “unprecedented” boat sales in the past year, according to s ...

Sep 7, 2021

Port Of Wilmington Reports Growth, Eyes Expansion

By Jenny Callison, posted Sep 7, 2021

Despite supply chain problems during the pandemic that have affected shipping, and a big vessel tie-up in the Suez Canal last March, the Port of Wilmington’s 2021 fiscal year was a strong one. The fiscal year for NC Ports ends June 30 of each year.   Key indicators for the Port of Wilmington were up over the previous fiscal year, according to spokeswoman Amy P ...

Aug 27, 2021

Developer Plans Cold Storage Warehouse Space Near The Port Of Wilmington

By Christina Haley O'Neal, posted Aug 27, 2021

A developer is planning to add cold storage warehouse space on property near the Port of Wilmington. Cold Summit Development looks to bring nearly 460,000 square feet of cold storage space in two buildings to property owned by the port off Raleigh Street, officials with N.C. Ports announced this week. On Thursday, the N.C. Ports Authority board approved a 30-year lea ...

Aug 20, 2021

Rouzer Visits Port Of Wilmington, Supports Channel Dredging

By Jenny Callison, posted Aug 20, 2021

Growth and activity at the Port of Wilmington were on full display Friday as the site hosted a visit from U.S. Rep. David Rouzer,  R-N.C.. Accompanied by N.C. Ports officials, he watched as a German post-Panamax ship unloaded and took on cargo containers. He saw evidence of expansion in the many construction projects underway at the port complex.   Rouzer&rs ...

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