Subscribe to our free, weekly email newsletter!


North Carolina State Ports Authority signs MOU with Panama Canal Authority

The ACP and the North Carolina State Ports Authority will work together to generate new business through the promotion of the “All-Water Route,” the route between Asia and the U.S. East Coast via the Panama Canal.
By Patrick Burnson, Executive Editor
December 15, 2010

In the continuing story surrounding the Panama Canal expansion, The North Carolina State Ports Authority appears to writing the latest chapter.


Joining scores of other U.S. east coast cargo gateways in anticipation of the Canal’s historic $5.25 billion expansion, North Carolina State Ports Authority CEO Thomas J. Eagar signed a Memorandum of Understanding (MOU) with Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta.

The ACP and the North Carolina State Ports Authority will work together to generate new business through the promotion of the “All-Water Route,” the route between Asia and the U.S. East Coast via the Panama Canal.

Currently, 65 percent of the container volume at the Port of Wilmington and 60 percent of the breakbulk volume at the Port of Morehead City arrives via the Canal.

According to Aaron Ellis, a spokesman for the American Association of Port Authorities, (AAPA), the trend toward signing more MOUs is not likely to end soon.

“All U.S. ports are hedging their bets,” he said. “Which is a good thing.”

Joint collaboration between the organizations may include marketing activities such as joint press conferences or exhibits at maritime events; exchange of data on the forecasting of future trade trends; information sharing on modernization and improvements to increase customer service; and, joint training seminars.
 

“Access to global commerce is critical for North Carolina’s business community. The expansion of the Panama Canal will dramatically alter the maritime transportation system as we know it today by providing liner shipping companies and cargo interests unrestricted access to the U.S. East Coast. This expansion is a game-changer,” said Eagar.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

As expected, global trade dipped from August to September but still saw annual gains, according to data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Transportation and logistics merger and acquisition (M&A) activity in the third quarter saw annual gains, which were driven by smaller deals in the trucking logistics, shipping, and passenger air sectors, according to data issued in the Intersections report by PwC this week.

With the holidays rapidly approaching, it appears retailers are not quite done getting inventory set up and on the shelves in time for what is expected to be a fairly active shopping season. That much was evident based on recent data for September volumes issued by the Port of Los Angeles (POLA) and the Port of Long Beach (POLB).

Join Industry Expert Adrian Gonzalez for this educational webinar on the tenets and the benefits of Closed-Loop Operational Management. You’ll learn how Closed-Loop Operational Management optimizes orders, inventory, and transportation concurrently, and how it is able to optimize large-scale problems on a daily basis.

In a separate conference call following CP’s third quarter earnings release call yesterday, CP CEO Hunter Harrison make myriad convincing points for a merger between CP and CSX and offered up his take in general industry M&A as well.

Article Topics

News · Container · Transportation · Trade · Shipping · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA