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

FedEx Ground, a subsidiary of FedEx Corporation, reports today that a decision by a three-judge panel of the United States Court of Appeals for the Ninth Circuit reversed previous rulings by the District Court for the Northern District of Indiana in three class action cases involving mostly former independent contractors for FedEx Ground

More talking remains before the deal is done

The transpacific U.S.-flag carrier has been ranked number one in the ocean carrier category for Logistics Management magazine's Quest for Quality award

This year, the Containerization & Intermodal Institute (CII) will be staging the “Connie” Awards dinner in conjunction with IANA’s Intermodal EXPO in Long Beach

Middlemen comprising the Transportation Intermediaries Association made money last quarter, say researchers.

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