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US East Coast Port Gateway Terminal Agreement gets the green light

US East Coast Port Gateway Terminal Agreement gets the green light

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Port authorities in Virginia and Georgia will be allowed to engage in discussions about a variety of commercial and operational topics as a result of the Federal Maritime Commission (FMC) voting to allow the East Coast Port Gateway Terminal Agreement to go into effect.

The Virginia Port Authority and the Georgia Ports Authority as of today will be able to discuss matters related to joint marketing; the acquisition, utilisation, and best practices relating to operating systems and equipment; cargo handling practices and terminal operations; and optimising service offerings to ocean carriers.

This agreement does not permit the two port authorities to jointly negotiate, set, and approve terminal rates or charges.

“The East Coast Gateway Terminal Agreement is the latest example of port authorities and MTOs looking to the Shipping Act and the commission’s agreement authority as a way to improve service and operations which will ultimately benefit the American shipper and consumer,” said acting FMC chairman Michael Khouri. “The ocean transportation services sector is a dynamic and competitive business where the marketplace drives innovation. The port authorities in Virginia and Georgia are responding to a changing industry.”

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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