{"id":23215,"date":"2018-05-22T10:12:31","date_gmt":"2018-05-22T15:12:31","guid":{"rendered":"http:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=23215"},"modified":"2018-05-22T10:12:31","modified_gmt":"2018-05-22T15:12:31","slug":"panama-canal-leader-norfolk-like-sister-port-us","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-canal-leader-norfolk-like-sister-port-us\/","title":{"rendered":"Panama Canal leader: Norfolk is like a sister port to us"},"content":{"rendered":"

\"\"<\/a><\/p>\n

Jorge Quijano usually hangs out at the Panama Canal, but this week he was in Norfolk.<\/p>\n

The CEO of one of the shipping world\u2019s most important spots said his board typically chooses a U.S. city of \u201cimportance within the global maritime industry\u201d for an annual meeting.<\/p>\n

<\/div>\n

\u201cNorfolk is really like a sister port to the Panama Canal,\u201d Quijano said.<\/p>\n

Following visits to the USS Wisconsin and the Botanical Garden, Quijano \u2013 who plans to retire in September 2019 after 44 years working for the historic passageway \u2013 sat down with The Pilot. Here\u2019s what he said about big ships, an expansion of the Panama Canal and the booming business of liquefied natural gas.<\/p>\n

It\u2019s been two years since the canal was revamped to handle larger ships. How are things going?<\/strong><\/p>\n

The expansion has been doing very well. We have increased the tonnage going to the canal by about 22 percent over one year to the next, from 2016 to 2017. So it\u2019s a significant one-time jump. Most of that tonnage is cargo that\u2019s coming to the East Coast of the United States and the Gulf. A significant portion of it actually comes to Norfolk, especially containers. So 34 percent of what comes in or out of Norfolk in the container trade goes through the Panama Canal.<\/p>\n

It\u2019s interesting you can tour some places here and learn about a system.<\/strong><\/p>\n

You have a big advantage that we do not have. You have production facilities here. You have car manufacturers around here. And maybe like Honda … they also do emergency generators and motor bikes. And you can do some work on those and then send them directly to the market.<\/p>\n

The Panama Canal used to be mostly dry bulk, like dealing in grain. That all changed. What are you working with now?<\/strong><\/p>\n

Fifty percent of the revenue of the canal is containers. So we\u2019re always focused, number one, on trying to get containers through. Bulk continues to be strong. Bulk continues to be around 18 to 20 percent of the cargo that goes through the canal, but the new kid on the block is LNG. Liquefied natural gas. That\u2019s because the U.S. has become a major exporter of LNG. It used to be an importer. All of the gas you had around here was probably coming from Nigeria or somewhere else in the Middle East.<\/p>\n

<\/div>\n

You mentioned a cooperation agreement . What do you see in Norfolk?<\/strong><\/p>\n

When we were doing the expansion, we needed to know which ports were ready. From the very beginning, you had the deep draft area of ports because you were handling also all of the Navy vessels that come here. It was a natural place to be the first ones to be able to handle the bigger ships and the deeper draft vessels.<\/p>\n

Now you can actually receive here in Norfolk vessels that will never come through the Panama Canal because they are even larger. Norfolk is really very well positioned to handle now almost anything that\u2019s thrown at them.<\/p>\n

We\u2019re hearing a lot about bigger container ships. What sort of ripple effects does that have on a port like Norfolk?<\/strong><\/p>\n

We saw it yesterday when we went to see (a distribution center for Target). You have a lot people there that are just distributing the cargo off a container. You have a lot of people handling the packages. It creates not just jobs for Target. It creates jobs for the truckers. It creates jobs for air transport like FedEx and UPS and DHL. All of these guys are part of that chain that started back in Asia in a container, which goes through the canal … it comes over here. You start looking back at one container and what it produces in jobs. It\u2019s enormous.<\/p>\n\n

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    Jorge Quijano usually hangs out at the Panama Canal, but this week he was in Norfolk. The CEO<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[10,12,247,241,39,248,34,33,62,42,219,11,249,243,7,246,244,44],"class_list":["post-23215","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-bocas-del-toro","tag-boquete","tag-boquete-boca-chica-real-estate","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"\nPanama Canal leader: Norfolk is like a sister port to us - Blog and Newsletter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/panama-canal-leader-norfolk-like-sister-port-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Panama Canal leader: Norfolk is like a sister port to us\" \/>\n<meta property=\"og:description\" content=\"Jorge Quijano usually hangs out at the Panama Canal, but this week he was in Norfolk. 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