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

People & Company News

TDDCL Seeks Input for New Repair Yard

Trinidad Dry Dock Company to develop new ship repair yard at Port of Spain; company requests Expressions of Interest for Environmental Impact Assessment and Geotechnical

NORDEN CEO: Bulk Market Challenges to Continue

Klaus Nyborg, interim CEO at Denmark-based dry bulk and product tanker shipping company Dampskibsselskabet NORDEN A/S, expects difficult dry cargo market conditions

Maritime Training Five Years from Now: A Look Ahead

For anyone involved in maritime training, now is an incredibly exciting time full of opportunity. More than ever before, there are new advanced techniques and technologies

Contracts

UK North Sea Workers Give "Overwhelming" Support for Strike

Trade unions Unite and GMB said members working offshore in Britain's North Sea oil and gas industry had shown overwhelming support for industrial action in a consultative

Two ASD Tugs Delivered to URAG

URAG has taken delivery of two ASD 2411 Tugs to add to its existing fleet. Named Brake and Perfect, the new vessels have joined their sister ship Prompt in the

New Workwear Lifejacket Introduced

Ocean Safety has introduced a new range of workwear lifejackets.   The new Kru Workwear range completes Ocean Safety’s lifejacket offering, providing a wide choice

Ports

TDDCL Seeks Input for New Repair Yard

Trinidad Dry Dock Company to develop new ship repair yard at Port of Spain; company requests Expressions of Interest for Environmental Impact Assessment and Geotechnical

Port of Aden Under Threat with Enemy at the Gates

As Saudi Arabia and its Arab allies stage air strikes against Shi'ite Muslim militiamen threatening to topple Yemeni President Abd-Rabbu Mansour Hadi, the southern

Ukraine Arrests Turkish Cargo Ship Over Crimea Port Call

Ukrainian authorities have arrested a Turkish-owned cargo ship and detained its captain over a visit it made to a port in Crimea after Russian annexed the peninsula from Ukraine last year.

Container Ships

Mediterranean Rescue Operations Strain Shipping

The Wall Street Journal ran a story yesterday describing how the increasing number of seaborne migrants making the journey from Africa to Europe has not only

Hamburg Süd Christens Third San Class Ship

Hamburg Süd christened its third container vessel in the new San class yesterday, officially naming newbuild San Vicente at the Cuenca del Plata terminal in Montevideo.

Asia-Europe Box Rates Fall Almost 6 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell 5.5 percent to $586 per 20-foot container (TEU) in the week ended on Friday,

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.2891 sec (3 req/sec)