ACP Renews Partnership with Port of New Orleans

Tuesday, August 09, 2011

The Panama Canal Authority (ACP) and the Port of New Orleans renewed their strategic alliance yesterday with the signing of a Memorandum of Understanding (MOU). First initiated in 2003, the partnership aims to spur investment, increase trade and promote the “All-Water-Route” (the route from Asia to the U.S. East and Gulf Coasts via the Panama Canal).

“Today’s ceremony reinforces a strategic collaboration with the Port of New Orleans,” said ACP Administrator/CEO Alberto Alemán Zubieta. “With the Canal’s expansion nearing completion, we remain dedicated to a shared vision for the shipping and maritime community.”

With over 6,000 vessels moving via the Mississippi River per year, the Port of New Orleans is considered to be one of the world’s busiest waterways. It is the only deepwater port in the United States served by six “Class One” railroads, giving port users direct and economical rail service to or from anywhere in the country. According to a 2004 study conducted by Martin Associates, the Port generates 160,498 jobs, $8 billion in earnings, $17 billion in spending and $800 million in taxes statewide.

In the past ten years, the Port of New Orleans has devoted more than $400 million to new state-of-the-art facilities such as wharves, terminals, marshalling yards, cranes and transportation infrastructure. Most recently, the Board of Commissioners of the Port of New Orleans invested over $108 million toward ten completed or ongoing construction projects in areas such as containerized cargo, break bulk cargo and cruising.

The Canal’s expansion remains on track following the recent pouring of permanent concrete work for the new Atlantic side locks.

The $5.2 billion expansion project will build a new lane of traffic along the Panama Canal through the construction of a new set of locks, which will double capacity and allow more traffic and longer, wider ships.

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

Ports

CaroTrans Enhances India-US Network

CaroTrans, a global non-vessel operating common carrier (NVOCC) and ocean freight consolidator, announced a new, direct less-than container load (LCL) import service from Nhava Sheva,

Private Ship Repair Moves Dry Dock Timelines

A delay in private repairs to the hospital ship Africa Mercy has caused a two-and-a-half week adjustment of timelines for Transnet National Ports Authority’s R30

Asia-N.Europe Box Rates Jump 26 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped by 26 percent to $591 per 20-foot container (TEU) in the week ended on Friday,

News

Historic WW I Shipwreck Survey Underway

Partnering U.S. agencies have commenced surveying the historic shipwreck of an American lightship shelled and sunk by a German U-boat during World War I nearly 100 years ago.

Bollinger VP Fanguy Snags SNAME Award

Louisiana-based shipbuilder Bollinger Shipyards, LLC announced its vice president for quality management system, Dennis Fanguy, will receive the 2015 William M.

Deal Reached to End MyFerryLink Dispute

A deal was reached on Monday to save hundreds of ferry jobs at the northern French port of Calais, the French transport minister said, ending a dispute that has

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Ship Simulators
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: 0.5662 sec (2 req/sec)