Port Manatee Reports Dynamic Trade Boost

By Michelle Howard
Tuesday, July 01, 2014

Port Manatee reported a dynamic increase in trade activity, and said exports are poised to get a further boost when Air Products begins exporting liquefied natural gas heat exchangers from the port next year.
           

Figures recently released by WorldCity Trade Numbers show the value of Port Manatee’s trade with the world totaled $257.57 million through the first four months of 2014 – up 17.15 percent over the comparable period in 2013. Exports increased by 25.68 percent, while imports rose 14.34 percent.

 

Port Manatee’s growth in commerce far outstripped that for the United States as a whole, which, for the same four months, saw total trade inch up 2.85 percent with exports rising 2.79 percent and imports gaining 2.89 percent. That means, for example, that exports from Port Manatee are growing at more than nine times the national pace.
           

“Port Manatee’s trade growth thus far this year is impressive indeed,” said Carlos Buqueras, Port Manatee’s executive director. “Even more encouraging is the fact that Port Manatee’s export figures are poised to begin to increase exponentially next year, when shipment begins of LNG heat exchangers made at the Air Products Port Manatee facility. In fact, we expect to be the fastest-growing export port in Florida.”
           

Florida Gov. Rick Scott was on hand in January when the world’s leader in liquefied natural gas technology and equipment dedicated its new 300,000-square-foot facility on 32 acres immediately across U.S. 41 from Port Manatee’s gates.
           

Port Manatee is taking numerous steps to ensure its readiness to accommodate burgeoning volumes. It has opened its 40-foot-draft Berth 14, which, combined with Berth 12, offers 1,600 feet of contiguous berthing area adjacent to its 52-acre South Port property, where 10 acres already are developed and where a roll-on/roll-off terminal and vehicle-processing facility are targeted for development under a memorandum of understanding with The Pasha Group. Most recently, port officials announced June 10 plans for an international trade hub at the Port Manatee Intermodal Center.
           

“With Port Manatee’s propitious position as the closest U.S. deepwater seaport to the expanding Panama Canal and as a natural gateway for Cuba trade,” Buqueras said, “we are readying for off-the-charts growth in commerce, furthering our already impressive contribution to the Manatee County economy.”
           

Port Manatee is a multipurpose deepwater seaport at the entrance to Tampa Bay that serves bulk, breakbulk, container, heavylift, project and general cargo customers. The port generates more than $2.3 billion in annual economic impact for the local community, while supporting more than 24,000 jobs regionally, without levying ad-valorem taxes.

 

Maritime Reporter November 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Liquefaction Terminals to Dominate LNG Capital Expenditure

Capital expenditure (Capex) on global LNG facilities is expected to total $259 billion (bn) over the period 2015-2019, with investments expected to be 88% larger

Ennsub Delivers ROV Deployment Systems

Ennsub has completed the design and manufacture of two workclass remotely operated vehicle (WROV) deployment systems for ROVOP, due to be installed into a newbuild

Wärtsilä to Proceed with first LNG Terminal

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Ports

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

News

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Larger Tankers May Offer Better Return Chances

Investors looking for returns in the tanker markets can invest their capital in a variety of ways. Should an owner invest in a VLCC or an Aframax? How about an

Marine Equipment

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Keeping to the Schedule in the Pacific Northwest

When a tightly scheduled repower for the Kodiak-based trawler Sea Mac in early December took a very bad turn, Mike Fourtner used his 25 years of fishing experience

Damen Outfitting First of Nine Bahamas Patrol Boats

The first of nine Damen Stan Patrol 3007s ordered by the Royal Bahamas Defense Force has arrived at Damen Shipyards Gorinchem in the Netherlands for outfitting.

RoRo

Damen Builds Tug, Dredger for Nicaragua

The Nicaraguan port authority Empresa Portuaria Nacional (EPN) is set to take delivery of two newbuilds from Damen Shipyards Group. Damen built both vessels, a

MacGregor RoRo Cargo Access Package For Ferry

MacGregor, part of Cargotec, has received a contract from German shipbuilder Flensburger-Schiffbau-Gesellschaft (FSG) for a comprehensive RoRo cargo access equipment package.

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Logistics

Port Workers in Argentine Grain Hub End Strike

Port workers in part of the Argentine grains hub of Rosario lifted a work stoppage on Friday, only a day after they went on strike over demands for higher year-end bonuses, a union official said.

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Costa Rica Approves APM Terminals Project

Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said on Friday Costa Rica's environment agency had approved the construction of its Moin Container Terminal project.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.5379 sec (2 req/sec)