State officials have made expanded international trade a top economic priority, but the state is constrained by the relative small size of Wilmington's port, the extra river transit from the ocean, the small local market and competition from much larger ports on the Eastern seaboard.
The North Carolina State Ports Authority wants to enlarge the turning basin and widen the navigation channel to accommodate larger vessels from Asia that are expected to increase in frequency when the expansion of the Panama Canal is completed in late 2014. Thomas Eager, the port authority's CEO, last week visited Panama where he signed an agreement with the Panama Canal Authority to work together to jointly market the all-water route to the East Coast.
The study would assess the cost and environmental impact of conducting the necessary dredging.
The desire to increase the navigable capacity of the Cape Fear River follows the port authority's decision last summer to abandon plans for a large, greenfield container terminal several miles downriver from Wilmington. The plan was shelved in the face of local opposition to the massive amount of marine and land-side development, as well as concerns about the cost and whether the market would support a new port. ' Eric Kulisch
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now