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 ·

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

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 [email protected]

Subscribe to Modern Materials Handling Magazine!

Subscribe today. It's FREE!
Find out what the world’s most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Article Topics

· All Topics
Latest Whitepaper
Evolution of the Retail Fulfillment Operation
It’s an omni-channel world, and retail warehouse and DC operations must now seamlessly orchestrate a combination of software, automation, hardware and supporting equipment to meet ever-increasing customer expectations or be rendered irrelevant.
Download Today!
From the June 2017 Modern Materials Handling Issue
Self-driving mobile robots improve cycle times and reduce floor space at GE Healthcare’s new repair operations center in Wisconsin. General Electric operations center layout, General Electric Healthcare warehouse
GE Healthcare: Self-driving vehicles are the centerpiece of ROC
The Big Picture: Adaptability as King
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Warehouse Execution Systems (WES): The Pathway to Same-Day Fulfillment
This webinar explores the processes and technologies enabling same-day, same-hour order fulfillment using intelligent supply chain software.
Register Today!
EDITORS' PICKS
GE Healthcare System Report: Lean repairs
Self-driving mobile robots improve cycle times and reduce floor space at GE Healthcare’s new...
Materials Handling Innovation (and why it matters)
Every company considers itself an innovator. It’s time to include materials handling leaders in...

Thrive Market’s Startup Distribution Network
How does a fastgrowing, e-commerce startup company build out order fulfillment capabilities? Thrive...
U.S. Roadmap for Material Handling & Logistics: Version 2.0 released today
On Tuesday, the U.S. Roadmap for Material Handling & Logistics: Version 2.0 will be released on...