Marine Link
Sunday, October 22, 2017

Port Everglades And Kings Ocean In Preliminary Agreement For Increased Service

A memorandum of understanding was signed between Port Everglades and carrier King Ocean, which will form the basis for a lease and operating agreement. The agreement was presented to the Port Authority Commission at two public hearings, May 19 and June 2, for review and recommended approval.

King Ocean de Venezuela and King Ocean Central America will provide greater weekly service from the port to Central and South America, bringing more than 200 ship calls per year and a projected 635,000 new tons of cargo to the seaport — making King Ocean the third largest carrier at Port Everglades, behind only Crowley Maritime and Sea-Land Service, Inc. The carrier will move to Port Everglades and operate from 18 acres in the port's Midport Container Terminal. The Midport acreage has become available due to the relocation of Sea- Land to Port Everglades' Southport Container Terminal. Over the agreement's five-year term, King Ocean will bring $11 million in revenue to the seaport and a total economic impact to the Broward County economy in excess of $1.2 billion. During FY '93, Port Everglades posted a 31 percent increase in container tonnage over the previous year, with 2.1 million tons passing over the seaport's docks.


Port Authority History

Maritime Reporter Magazine Cover Oct 2017 - The Marine Design Annual

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News