Panama Canal, Port of New Orleans Sign Deal

Wednesday, June 18, 2008
ACP and Port of New Orleans Renew Agreement.

The renewed alliance between the Panama Canal Authority (ACP) and the Port of New Orleans – which has recently adopted a 2020 growth Master Plan of $1.04 billion, partially driven by the Canal’s expansion – will help spur investment, increase trade and promote the “All-Water-Route” (the route from Asia to the U.S. East and Gulf Coasts via the Panama Canal). During an official ceremony yesterday in Panama, ACP Administrator/CEO Alberto Alemán Zubieta reaffirmed the ACP’s commitment to mutual growth and cooperation with Port of New Orleans President and CEO Gary LaGrange and members of the Port’s Board of Commissioners, by renewing a Memorandum of Understanding. Renewable on a three-year basis, the agreement further enforces the strategic alliance between the two entities, which was first initiated in 2003.

“Today’s renewal of the Memorandum of Understanding with the Port of New Orleans underscores our strong economic and commercial bonds. Our common vision informs our strategy and creates new value based on information sharing and collaboration. As we embark on the next phases of the Panama Canal expansion project, we remain committed to providing solutions to the long-term needs of the shipping and maritime community,” said Mr. Alemán Zubieta.

The Port of New Orleans, the only deepwater port in the United States served by six “Class One” railroads (the largest category of freight railroads), has been steadily moving past the Katrina recovery stage and is now looking toward future growth opportunities. Both the ACP and the Port of New Orleans are dedicated to further increasing capacity and fostering growth. In 2007 alone, roughly 2.5 million short tons of general cargo came to the New Orleans port through the Canal, more than one third of the Port’s general cargo total.

"The Panama Canal is a vital link that connects New Orleans to key trading partners in Asia and along the West Coast of South America. The Panama Canal Authority and the Port of New Orleans are each making substantial investments to improve the flow of commerce along these trade routes,” said Mr. LaGrange.

Port of New Orleans Board of Commissioners Chairman Jim Campbell added, "Our continuing partnership with the Panama Canal Authority will allow us to provide shippers with an efficient and cost-effective transportation.”

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ports

South Korea Okays Casinos on Cruise Ships

South Korea has given the go-ahead for cruise ships to operate onboard casinos for foreign guests, , reports the Korea Joongang Daily newspaper.   South Korean

Victoria Celebrates Six Millionth Cruise Ship Passenger

Two tourists  -Victoria and Joseph Winthal - disembarking the Golden Princess Cruise Ship in Ogden Point have got an unexpected surprise.      They were selected

Super Yachts Give Boost to NZ Economy

New Zealand Customs Minister Nicky Wagner says mid-winter marks the end of another successful yacht season, with many of the remaining international yachts departing at the end of last month.

 
 
Maritime Standards Naval Architecture Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1370 sec (7 req/sec)