Port Freeport, Panama Canal Extend Partnership

Port Freeport, Panama Canal Extend Partnership

Port Freeport Commissioners agreed to amend and extend the Memorandum of Understanding with the Panama Canal Authority. Last year, both parties signed the MOU as a joint effort to help promote business between the Canal and Port Freeport for one year.

With this renewal, their efforts will be extended for five years.

“This partnership is perfect for each of us because we are both interested in investing in infrastructure and growth,” said Port Commission Chairman Bill Terry. “We each are building new facilities at a time when others are standing on the sidelines, so it is only natural that we continue to assist each other in the promotion of international trade in this hemisphere.”

The Canal’s expansion is moving forward at a good pace, as well as several projects at Port Freeport. The Freeport Channel Harbor Improvement Project is currently in progress and the Port’s new Velasco Terminal is slated to open in June 2013.

“About to reach its centennial, the Canal is promoting the expansion of the waterway by means of a third lane to uphold its position as a reliable route at the service of world commerce,” said Panama Canal Authority Administrator Jorge L. Quijano. “The relationship we’ve established with Port Freeport will further our efforts to provide enhanced connectivity to accommodate the demand for international cargo through our region.”

The partnership aims to increase international trade and create new business by promoting the all-waterroute between Asia and the Gulf of Mexico of the United States through Port Freeport via the Panama Canal.

Together, Port Freeport and the Panama Canal Authority will work on joint marketing efforts and information exchange. The MOU permits the parties to share information on subjects of interest, market study research, information on modernization and improvements, training programs and technological capabilities.

Press Release, November 7, 2012

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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