ACP and Miami Renew MOU

press release
Tuesday, November 01, 2011

Canal expansion will bolster the region’s growth and development.
                                                                       
 

Another milestone agreement has been reached between the Panama Canal Authority and the Port of Miami - Administrator and CEO of the Panama Canal Authority (ACP), Alberto Alemán Zubieta, and Port of Miami Director, Bill Johnson, have renewed a Memorandum of Understanding (MOU) to promote trade opportunities and share best customer practices.

 

Prior to signing the MOU renewal, Mr. Alemán and Mr. Johnson met with local dignitaries and members of the international trade and Panamanian-American business communities to discuss the port’s 50-foot Deep Dredge project and the expansion of the Panama Canal. In its commitment to accommodate the world’s largest vessels, the Port of Miami’s Deep Dredge project will deepen the channel by 50 feet and is timed to coincide with the completion of the Panama Canal expansion project. "As Panama continues to become the logistics and maritime hub of the Americas, the renewal of our Memorandum of Understanding with the Port of Miami emphasizes our commitment to promoting regional growth and solutions for the shipping industry as we forge ahead with our historic Canal expansion," said Alemán Zubieta. “This agreement will create unlimited opportunities for the international trade industry and consumers.”

 

The Port of Miami is the largest container port in Florida with a $17 billion annual economic impact on the region, providing direct and indirect employment for over 180,000 jobs. With its strategic position as the closest major U.S. port to the Panama Canal, the Port of Miami will be the first port of call for the Post-Panamax vessels that will begin navigating the expanded canal in 2014. As a result of the port tunnel project, traffic flow will be improved, inefficiencies in the movement of cargo will be alleviated and economic development, safety and efficiency will be enhanced.

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

People & Company News

USS George Washington Completes Carrier Qualifications

Carrier Air Wing (CVW) 5 and the Nimitz-class aircraft carrier USS George Washington (CVN 73) completed its carrier qualifications (CQ), May 23. CQ allows

Solarworld Wants Duties on Chinese Solar Goods in U.S. Extended

German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said.

Sea Urchin Haven Disturbed by Oil Spill

Stephanie Mutz makes a living plucking sea urchins from the Santa Barbara coast and selling the prickly treasure to upscale restaurants in Southern California.

Contracts

Huawei Bags MCT Submarine Cable Contract

Huawei Marine has signed a system design and construction agreement with a consortium comprising Telekom Malaysia Berhad, Symphony Communication and Telcotech

Solarworld Wants Duties on Chinese Solar Goods in U.S. Extended

German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said.

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

Ports

Vinalines Plans Ports Divestment

The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm

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.

Container Ships

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.

Shipping Freight Rates Drop Amidst Overcapacity

Shipping freight rates on the world's busiest route, from Asia to Northern Europe, fell by the largest percentage amount since 2008, reflecting wild volatility

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

Logistics

Dubai Establishes Maritime Arbitration Centre

The Dubai Maritime City Authority (DMCA) is in the final stages of completing the rules for the first maritime arbitration centre in the Middles East: the Emirates

Gener8 Maritime to Go Public

Private equity-backed tanker operator Gener8 Maritime filed with the U.S. Securities and Exchange Commission (SEC) to proceed with an initial public offering worth up to $100m.

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

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.1389 sec (7 req/sec)