Ports of Indiana Announces New Strategic Initiatives

Tuesday, July 30, 2002
The Ports of Indiana today announced new key initiatives to expand its economic development role. After a year-long strategic planning process involving in-depth research and interviews with industry stakeholders, the organization made the decision to expand its current role and aggressively grow its core business. The Ports of Indiana's new initiatives include spearheading the evaluation of an inland intermodal rail port in Indiana and pursuing increased development financing authority. Indiana's three-port system serves the world's most productive industrial and agricultural region through a combination of strategic locations, intermodal connections and specialized facilities. The Ports of Indiana is a quasi-governmental organization that operates a statewide system of ports, foreign-trade zones and economic development programs under the authority of the Indiana Port Commission -- a seven-member bipartisan board appointed by the governor. The state's three public ports are Clark Maritime Center (Jeffersonville) and Southwind Maritime Center (Mount Vernon), both located on the Ohio River, and Burns Harbor in Portage on Lake Michigan. "Indiana must remain aggressive in its economic development activities," said Lt. Governor Joe Kernan. "Our agencies must adapt to their ever-changing environments, as the Ports of Indiana is doing. These progressive initiatives have great potential to benefit the state of Indiana." The state of Indiana annually ships 75 million tons of cargo by water each year, which ranks 15th among all U.S. states. Over half of Indiana's border is water, which includes 400 miles of direct access to two major freight transportation arteries -- the Great Lakes/St. Lawrence Seaway (via Lake Michigan) and the Inland Waterway System (via the Ohio River). The mission of the Ports of Indiana is to facilitate economic development in Indiana through logistics facilities and services, maritime industrial and commercial development, development finance tools and strategic public-private partnerships. "We spent the last year transitioning our primary role as simply an operator of three regionally-oriented ports to a more dynamic system that serves as a catalyst for statewide economic development," said William D. Friedman, executive director of the Ports of Indiana. "While our main focus is to aggressively promote and grow our core business, we have identified new ways to spur economic growth in Indiana that are complementary to our maritime mission. To accomplish this, we plan to pursue a change in statutory authority through legislative channels." Currently, the Ports of Indiana only offers development financing to only maritime related projects within its facilities. The Cleveland-Cuyahoga County Port Authority is one example of a port that has expanded its financing authority to non-maritime economic development, such as corporate headquarters and even the Rock & Roll Hall of Fame. "Indiana is lagging behind some of our neighboring states that already have this type of development financing authority in place," said Mike Lawson, president and chief executive officer of the Indy Partnership. "This is just the type of weapon our state needs to keep from losing out on future economic development and jobs." The Ports of Indiana is also evaluating the opportunity of creating an inland rail port in Indiana that would tap into the rapidly increasing flow of intermodal traffic. Intermodal container shipping, which allows for interchange between truck, rail and waterborne transportation, is the fastest growing segment of the world's freight shipping industry. "The Ports of Indiana is a natural leader in the creation of an intermodal hub," said Kurt Nagle, president and chief executive officer of the American Association of Port Authorities. "It has extensive experience in commercial freight transportation, strong relationships within the supply chain, expertise in property management and development, as well as financing capabilities." W. Ken Massengill, chairman of the Indiana Port Commission, commented, "There is an enormous opportunity for Indiana to leverage the state's strategic location as the 'crossroads of America' and its extensive freight transportation assets. We have directed our staff to aggressively pursue these initiatives." Action items the commission approved as a result of the strategic planning process include hosting a freight and logistics symposium later this year; coordinating a VIP trip to Cleveland to see firsthand the results of a successful development financing campaign; and commissioning a feasibility study to identify specific intermodal freight opportunities and direct benefits to the state. Another outcome of the strategic planning process includes the decision to rebrand the organization as the Ports of Indiana (previously known as the Indiana Port Commission) to raise industry and statewide awareness of Indiana's three-port system.
Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

Viking Orders 2 Liebherr Cranes

An LR 1300 with super lift equipment and an LR 1160 crawler crane will strengthen the fleet of Viking Cranes. The Tallinn-based company with branch offices

KPCT Launches New Gulf Service

Containerized volumes are steadily increasing on the East Coast of India. Keeping pace with the growth, Krishnapatnam Port Co. Ltd. (KPCT) now offers a new service to the Gulf sector.

Mayor Garcetti on Ratification of Port Labor Contract

International Longshore and Warehouse Union members have ratified a five-year contract governing pay and work rules at 29 West Coast ports, including those of Los Angeles and Long Beach.

Passenger Vessels

Electric & Hybrid Propulsion Ordered fir CMAL Ferry

Imtech Marine informs it has been awarded a third contract to supply the electric and hybrid propulsion system for a hybrid ferry operated by Caledonian Maritime Assets Ltd (CMAL) of Scotland.

Malaysia Orders Migrant Rescues, Thailand Says No to Shelters

Malaysian Prime Minister Najib Razak said on Thursday he had ordered the navy to conduct search and rescue missions for thousands of migrants adrift at sea as Thailand's

Ferry Firm DFDS Looks to Expand

Danish ferry and transportation firm DFDS is on the takeover trail, its chief executive said, after reporting its highest first-quarter operating profit on record

 
 
Maritime Security Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1365 sec (7 req/sec)