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June 5 2023

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SPECIAL ADVERTISING SECTION 36 Journal of Commerce | June 5, 2023 www.joc.com FLORIDA TRADE AND LOGISTICS BUSINESS DIVERSITY AND a strong commitment to customer service distinguishes Port Everglades from most US seaports. It is a leading container port in Florida and among the most active cargo ports nationally. Port Everglades is also South Florida's main seaport for receiving energy products, including gasoline and jet fuel. Port customers benefit from direct highway access, an international airport within two miles and state-of-the-art Foreign Trade Zone (FTZ) warehousing. A 43-acre international and domestic intermodal container transfer facility makes it possible for cargo shipped to Port Everglades to reach Atlanta and Charlotte within two days and 70% of the US population in four days. An epicenter for international trade, the port is positioned in one of the world's largest consumer regions, including a combined 110 million residents and seasonal visitors within an 80-mile radius. In fact, Port Everglades is the US gateway for trade with Latin America, moving 13% of all US/Latin American trade. The port's diversified cargo mix includes containers, refrigerated cargo (fourth for imports in the US), new and used automobiles and trucks, dry bulk, breakbulk, project, ro/ro and liquid bulk. The port is a magnet for new businesses. The Port Everglades International Logistics Center, developed in 2020 through a public-private partnership with CenterPoint Port Everglades LLC, has efficient, contemporary warehousing within two buildings on 16.657 acres of Port property. The entire logistics center is designated as an FTZ. Private investors are building two new warehouses just outside the Port's entrances. Always striving to modernize its facilities to maximize productivity, Port Everglades follows an aggressive, comprehensive Master/Vision Plan that is updated every two to four years to reanalyze market trends, changes in the cruise, energy and cargo shipping industries, local planning initiatives and evolving technology. This in-depth analysis provides a projective, substantiated, market-driven and environmentally sound, phased roadmap for guiding cost-feasible capital investments. Leading the way in every way On the alternative energy front, electrification of cruise and potentially cargo facilities is being considered. "It depends on FPL's [Florida Power & Light's] ability to supply a greener form of power — we don't want to draw from dirty sources," he said. The opportunity to electrify shore power for vessels is long-term, but industry developments, which dictate vessel power requirements, may actually reduce the future draw on shore power. That's good news for ports in the electrification game. The port is also seeing a new emphasis on liquefied natural gas (LNG) dual-powered vessels for both cruise and cargo. Daniels said an LNG provider will be needed by 2024. Another vital project, the Southport Turning Notch, is the port's largest investment ever. "The $471 million project is to be completed in 2024. It lengthens the turning notch from 900 to 2,400 feet," enabling the development of five new container berths, upland yard space and new crane capacity, said Daniels. Three new specialized, low-profile super- post-Panamax cranes are in place. They also have a 22-wide container reach that will allow the largest of container vessels to be served, opening up the port to direct Asian container services. Three more similar cranes arrive this fall, said Daniels. Port Everglades recently picked up its first direct Asian trade since March 2011, as well as services to/from the west coast of South America, among other lanes. From a strategy perspective, the port is focused on densification. Similar to many urban ports, it is somewhat hemmed in. "Our master vision plan talked about the port going to two million TEUs. We are confident to meet that, but the growth will come through densification and implementation of technology instead of greenfield and brownfield sites. It will include storage and other partnerships outside the gate," said Daniels, pointing out two massive warehouse projects already under way. The new infrastructure, assets and carriers "set the stage for the deepening and widening project. We continue to work with the US Army Corps of Engineers and federal and state regulators defining final steps on environmental impacts," he said. Environmental mitigation work has begun, an environmental impact study (EIS) has been completed, and a supplemental EIS is next. The project is big, more than $750 million. Daniels said, "It will be the most scrutinized and monitored project ever undertaken by the Army Corps." Environmental considerations will be paramount. In a new and aggressive branding campaign, the port is embracing its Port Everglades appellation and taking its branding global — spotlighting each and every link in the state's global supply chains is an important step in helping Florida reach its trade potential. Growth on every drawing board Global supply chains are adapting to new realities. Florida's freight volumes continue to grow, and its trade and logistics players are addressing escalating consumption needs and the robust exports that make Florida's supply chains surprisingly efficient and effective. The state is leveraging its assets, building more precise management into entire supply chains and converting opportunities into progress. email: lori.musser@att.net

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