Panama Canal Partnership with Long Beach

Wednesday, December 08, 2010
Port of Long Beach Executive Director Richard D. Steinke, ACP Administrator/CEO Alberto Alemán Zubieta and Port of Long Beach Harbor Commissioner Mario Cordero sign MOU. Photo courtesy Panama Canal Authority

Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta and Port of Long Beach (POLB) Executive Director Richard D. Steinke signed a Memorandum of Understanding (MOU) in Panama aimed at generating new business and economic growth and promoting international trade between Long Beach and the East Coast of Latin America via the Panama Canal.

Both parties asserted their commitment to mutual cooperation at the official ceremony, which took place at the ACP’s Administration Building. The MOU is renewable after two years and will allow for technological and data interchange between the two parties, as well as opportunities for joint marketing activities and modernization efforts.

For example, the two entities may work to promote best practices in the areas of engineering, dredging or the environment, with an emphasis on programs that help reduce CO2 emissions. Collaborative efforts could also include joint advertising or opportunities in training to encourage economic growth.

“The ACP looks forward to entering into this partnership with the Port of Long Beach,” said Mr. Alemán Zubieta. “This MOU is the first of its kind between the ACP and a U.S. West Coast port and will allow both entities to strengthen trade flows throughout the region. We, at the ACP, continuously seek new and innovative ways to serve the ever-changing needs of global trade. This agreement will allow the Panama Canal to further reinforce its role as a regional logistics leader.”

Since 2007, the Panama Canal has provided a passageway for close to 21 million metric tons of trade between the Port of Long Beach and trading partners on the East Coast of South America.

“This partnership will help increase our reach to Latin America, an emerging trade partner for our region,” said Port of Long Beach Executive Director Richard D. Steinke.

“This accord expands the global network of port authorities, like the Port of Long Beach and the ACP, which are dedicated to green, sustainable and efficient development,” added Port of Long Beach Harbor Commissioner Mario Cordero, who also attended the MOU signing. “The Port of Long Beach is dedicated to growing that network and has signed similar agreements with several ports in China, Europe and Mexico.”
 

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

Ports

Hike in Service Tax at Indian Ports

  The Indian Ministry of Finance has advised an increase in service tax and applicable at all ports. The effective date has not yet been announced. The

Green Groups Sue Port of Seattle

A coalition of environmental groups has sued the Port of Seattle over a leasing agreement to host Shell Oil’s Arctic drilling fleet, claiming the deal was negotiated

Manila Port Congestion Eased: Palace

Malacañang has declared that the congestion at the Port of Manila has been resolved, noting the various measures that the government and the private sector have implemented to address the problem.

News

Hike in Service Tax at Indian Ports

  The Indian Ministry of Finance has advised an increase in service tax and applicable at all ports. The effective date has not yet been announced. The

Wärtsilä BWM Systems for Chemical Tankers

A series of eight new 33,000 DWT chemical tankers, currently under construction in Asia, will feature Wärtsilä Aquarius UV Ballast Water Management Systems (BWMS)

Vessels for the Future – New R&D Initiative

Looking ahead to 2020 and beyond, both maritime and inland waterways will be under ever increasing pressure, as we use them for transport, recreation and commercially.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Port Authority Ship Electronics Ship Repair 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: 0.1408 sec (7 req/sec)