There are some recent reports that keep those of us dependent on the Port of Miami's ("POM") success happy. The first report comes courtesy of the Maritime Executive, which confirms that POM has been working hard to bring back transshipment to Miami, in concert with the U.S. Customs and Border Protection ("CBP"). The second report comes from the U.S. Department of Transportation’s Maritime Administration ("MARAD"), which today released a study on shipping patterns, which identifies POM as a "major U.S. port" targeted for modernization and with that, federal dollars to be allocated for infrastructure projects. First Report Prior to 9-11, transshipment made up over 22% of the cargo trade at Port Miami. However due to CBP’s increased inspections of transshipment goods in our post 9-11 world, those transshipment cargoes are going through Panama, Freeport, and Kingston. resulting in cargo delays and added expenses. A specific examp
This blog discusses the latest trends in shipping, affecting shipowners, operators, ports, marinas, shippers, insurers and others with a stake in the maritime industry.