Panama Canal, Port Everglades Renew Partnership

(Press Release)
Friday, August 05, 2011

The Panama Canal Authority (ACP) and Port Everglades renewed their strategic alliance today with the signing of a Memorandum of Understanding (MOU).  First signed in August 2009, the MOU, which is renewable for five years, solidifies both entities’ dedication to growth and best customer practices. “Our partnership furthers our shared goal of promoting trade growth in Panama and Florida,” said ACP Administrator/CEO Alberto Alemán Zubieta. “As we approach the completion of our expansion, we look forward to pursuing even more mutually beneficial activities with Port Everglades.” Areas of cooperation between the ACP and Port Everglades include joint advertising programs, data interchange and competitive market analyses of the shipping industry. This alliance will also continue to promote the “All-Water Route,” the route from Asia to the U.S. East Coast via the Panama Canal. 
Serving more than 150 ports and 70 countries, Port Everglades generates over $14 billion worth of business activity and approximately 140,000 jobs in Florida. More than 5.2 million tons of containerized cargo is transported through the Port. With the expansion of the Panama Canal slated for completion in 2014, it stands to benefit from anticipated growth.
"Just as the Panama Canal expansion is moving forward to meet the challenges of the future, so also is the Port Everglades Master/Vision Plan, providing us with a roadmap toward meeting those challenges. The strong working relationship between Port Everglades and the ACP will continue to provide mutual advantages in the years to come”, said Port Everglades Port Director Phillip C. Allen.
Initially approved in 2007, the Master/Vision plan is a comprehensive, dynamic roadmap designed to guide the Port’s growth through an estimated $2 billion in capital investments over a 20-year period. One major component is the deepening of the Port’s channels from 42 feet to 50 feet. 
Meanwhile, the Canal’s expansion is well underway, following the recent commencement of the permanent concrete work for the new Atlantic side locks. The $5.25 billion project includes the construction of a new set of locks that will allow the transit of longer and wider ships.
 

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

People & Company News

Panama Canal Updates Maersk on Expansion

Within the framework of the centennial celebration, the Panama Canal Administrator Jorge L. Quijano received a Maersk Line delegation led by Søren Skou, CEO of Maersk Liner Business,

Refiners Seek Jones Act Workarounds as Crude Export Debate Heats Up

As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that

Maritime Security West Conference Underway in Tacoma

On water and in the air, maritime security involves local, state and federal stakeholders The 2014 Maritime Security West conference is underway in Tacoma, Washington.

Contracts

Lukoil Shipped Canadian Crude from Houston

Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta,

Vestas Profit Beats Forecast

Danish wind turbine maker Vestas Wind Systems posted much higher than expected second-quarter earnings and slightly increased its guidance for the full year, signaling

OSV Hull Arrives at Havyard's Leirvik Yard

Havyard says that newbuild number 118 has arrived from Turkey at the yard in Leirvik, being the first of two vessels that will be outfitted to provide service and

Ports

Panama Canal Updates Maersk on Expansion

Within the framework of the centennial celebration, the Panama Canal Administrator Jorge L. Quijano received a Maersk Line delegation led by Søren Skou, CEO of Maersk Liner Business,

First Two Mooring Boats Launched for Port of Ras Laffan

Nakilat has celebrated the delivery of two 16-meter mooring boats built by shipbuilder Nakilat Damen Shipyards Qatar for towage operator Nakilat Svitzer Wijsmuller.

Maritime Security West Conference Underway in Tacoma

On water and in the air, maritime security involves local, state and federal stakeholders The 2014 Maritime Security West conference is underway in Tacoma, Washington.

Container Ships

Doosan Delivers a ‘World’s First’ to NASSCO

Doosan Engine has confirmed delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA.

Asia–U.S. Container Lines to Introduce Freight Increase

The Transpacific Stabilization Agreement (TSA) informs that member container shipping lines are proposing an across-the board general rate increase (GRI) of at

Evergreen Line's Ital Lunare to Make Maiden Call in Boston

As part of the new service linking North Asia and the U. S. East Coast (NUE2), Evergreen Line's containership Ital Lunare will make the first ever direct call into

 
 
Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.2907 sec (3 req/sec)