Port of Miami

The Federal Maritime Commission has given approval for an agreement between two marine terminal companies located at the Port of Miami to go into effect in the new year.

The “Miami Marine Terminal Conference Agreement” permits the South Florida Container Terminal and the Port of Miami Terminal Operating Company to seek cooperation and commonality in business and operating matters.

The South Florida Container Terminal and the Port of Miami Terminal Operating Company filed their agreement on Nov. 16. They can now establish a variety of common rates, rules and practices, and meet to discuss these matters.

“These two facilities are located in very close proximity to one another and allowing the entities that operate them the ability to communicate on a number of different topics creates an opportunity to achieve efficiencies that potentially can benefit both the Port of Miami and the shipping public more broadly,” said Federal Maritime Commission chairman Mario Cordero.

While discussion agreements among ocean carriers are commonly filed at the FMC, agreements between terminal operating companies have been less common to date.

“We are always interested in receiving well-crafted proposals that seek discussion agreement authority that is narrowly tailored to achieve efficiencies,” said Cordero.

The FMC is responsible for regulating the nation’s international ocean transportation for the benefit of exporters, importers and consumers.

The Port of Miami Terminal Operating Company is the Port of Miami’s only non-carrier owned terminal operator serving the shipping community since 1994. The South Florida Container Terminal is a full-service marine terminal that provides full stevedoring and terminal services to some of the world’s largest steamship lines.

The Port of Miami is one of the world’s leading hubs for global commerce and tourism. Its location in the center of the Western Hemisphere makes the port a conduit for international trade and commerce, handling more than 1 million 20-foot equivalent units, or TEU, containers in 2015.

As the U.S. container port closest to the newly expanded Panama Canal, the Port of Miami provided importers fast access to Florida’s local consumer base and the first port of entry on the U.S. East Coast for ships that originated in Asia or Central and South America.