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 Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

WCI's Toohey Applauds WRDA 2016 Bill

Waterways Council, Inc. (WCI) President/CEO Michael J. Toohey issued a statement regarding today’s mark-up and passage of the Water Resources Development Act (WRDA)

Contracts

POSCO Production at Indiana Ports to start in 2017

Officials from POSCO, the Ports of Indiana and community leaders gathered to break ground today on POSCO's new wire rod processing center at the Port of Indiana-Jeffersonville.

Ferry Conference: Technology Drives Vessel Advancements

On June 2-3, 2016,  the Ferry Safety and Technology Conference will be held in downtown Manhattan.   Throughout the world, the quickening pace of technological

Korean Shipbuilders Maintain Top Ranks, Despite Troubles

Korea's 'Big Three' shipbuilders are still the world's three biggest by order backlog, despite their troubled management, according to data from UK-based Clarkson Research Services.

Ports

Entrance to Port of Santos Reopens

The entrance to Brazil's largest  reopened on Thursday, after rough seas prevented ships from entering or leaving for more than 30 hours during peak soy export season.

French Wheat Exports Await Indonesia Approval

French wheat exports to Indonesia are on hold as traders await the approval of a food safety agreement between the two countries, something exporters say is being

Cavotec, ABB Partner on Shore-to-ship Power

Cavotec and ABB have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug

Container Ships

Matson Announces Q2 Dividend of $0.18/Share

The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders

Fitch: M&A, Not Alliances to Help Revive Container Shipping

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address

DP World Volume Up 3.7%

DP World Limited today held its Annual General Meeting for the year ended 31 December 2015.  DP World Chairman, Sultan Ahmed Bin Sulayem, made the following statement

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Offshore Oil Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.0989 sec (10 req/sec)