Subscribe to our free, weekly email newsletter!


Port of Miami poised for growth

This if the first installment of a two-part Q&A session.
By Patrick Burnson, Executive Editor
January 18, 2012

In an exclusive interview with Logistics Management, Kevin T. Lynskey, Assistant Director, Port Miami, readers are given a current evaluation of this booming ocean cargo gateway.

This if the first installment of a two-part Q&A session.

Logistics Management: Savannah and NY/NJ are taking market share away from the U.S. West Coast ports. How about Miami?

Kevin Lynskey: Yes.  The East Coast will be taking some additional share from the West Coast, and Miami will be a beneficiary because of its location and water depth.

Like Savannah and NY/NJ, Miami is also benefiting from importers’ desires to service the large population and consumption markets on the east coast via all water east coast routings from Asia.  In addition to the cost benefits off all water east coast routings, importers are also diversifying their import port strategies in order to minimize potential disruptions to their supply chains, as well as take advantage in the shifting manufacturing points of origin from China to Southeast Asia, India, and Latin America.

Logistics Management: Will the Panama Canal expansion provide more business for Miami?

Kevin Lynskey: As of the Canal completion at the end of 2014, Miami will be the closest port of call to the Panama Canal, and will be the only port south of Norfolk to be at 50 feet, which is the water depth that the ocean carriers will use to evaluate which ports they route the larger and more economic vessels to.  Port Miami will also have on-dock rail service through Florida East Coast Railway (FEC).  Given the margin pressures that importers are facing in today’s economic environment, Port Miami and FEC will be in position to significantly reduce transportation expense, inventory investment, and carbon emissions.
Importers from Asia will be able to move their goods cheaper and faster through Port Miami and Florida East Coast Railway into the Southeast United States.

Logistics Management: How important is a trade agreement with Cuba for Miami? Do you see one developing in the future?

Kevin Lynskey: We make no prediction of how or when trade flows will begin with Cuba.  However, we have ‘gamed’ the day when trade flows free and made estimates of container movements in the near and long-term to and from Cuba, and what Miami’s share may be.  It will be a substantial trade for us, but not transformative in terms of volume for our port.

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

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 8.2 percent from September 2013 to September 2014 at $102.2 billion.

NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.

This follows a 1.6 cent decrease last week, which was preceded by a 5.4 gain the week before and stands as the first increase going back to the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon.

BNSF said that its 2015 capital expenditures will be allocated towards various areas of its business, including maintenance and expansion of the railroad to meet the expected demand for freight rail service, with 2015 representing the third straight year BNSF has invested a record annual capital expenditures investment.

While the ongoing labor negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) ostensibly going from bad to worse, following the ILWU’s announcement late last week that it was halting negotiations from November 20 through November 30, a Congressional group last week penned a letter to PMA and ILWU leadership expressing concern over the state of the negotiations.

Article Topics

News · Ocean Freight · Global · Ocean Cargo · 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