US Transportation Secretary Names Port of Cleveland CEO to Maritime Industrial Advisory Panel

CLEVELAND, OH- U.S. Transportation Secretary Anthony Foxx recently appointed Port of Cleveland President and CEO Will Friedman to the Marine Transportation System National Advisory Council (MTSNAC).

Established in 2010, MTSNAC is comprised of leaders from commercial transportation firms, trade associations, state and local public entities, labor organizations, academics, and environmental groups that advise the Secretary on policies to ensure that the U.S. Marine Transportation System is capable of responding to projected trade increases.

“It is truly an honor to be selected by Secretary Foxx to serve on the MTSNAC.,” said Friedman. “I look forward to working closely with fellow Council members to assist Secretary Foxx and Maritime Administrator Jaenichen and their team to map out the future of marine transportation in our country.  I am a firm believer that maritime, as a component of our multimodal system, will contribute even more to long term economic growth as a high-capacity, low-cost, sustainable and safe mode of transport.”   Full Press Release 2014.04.16 MTSNAC Appointment

 

PORT OF CLEVELAND’S EXPRESS OCEAN FREIGHT SERVICE UNDERWAY

Cleveland-Europe Express will arrive in Cleveland in two weeks

CLEVELAND, OH- With the departure of the vessel “Fortunagracht” out of Antwerp, Belgium over the weekend, the Cleveland-Europe Express service between the Cleveland Harbor and Europe via the Saint Lawrence Seaway has officially launched. The vessel is loaded with breakbulk and containerized cargo and is set to dock in Cleveland around April 17. 

The Cleveland-Europe Express is the only regular, scheduled international container and non-containerized cargo service on the Great Lakes. The Port of Cleveland and Dutch company The Spliethoff Group entered into an agreement in November 2013 to begin the service. It is the fastest and greenest route between Europe and North America’s heartland, allowing regional companies to ship their goods up to four days faster than using water, rail, and truck routes via the U.S. East Coast ports.

Will Friedman, president & CEO of the Port of Cleveland, said the market is responding very favorably and in line with expectations.  Full Press Release 2014.04.07 Liner Service Underway

BOARD ADOPTS RESOLUTION ON ARMY CORPS OPEN LAKE DREDGE DISPOSAL

PORT OF CLEVELAND BOARD ADOPTS RESOLUTION ON ARMY CORPS OPEN LAKE DREDGE DISPOSAL PROPOSAL, REPORTS STRONG OPERATING RESULTS FOR 2013

Also elects officers and renews key operations contracts

CLEVELAND, OH- The Port of Cleveland approved a resolution at its March Board of Directors meeting directing the Port’s management to work with U.S. Army Corps of Engineers to ensure the timely start and completion of dredging necessary for the 2014 shipping season utilizing existing confined facilities for disposal of the material. 

In its resolution, the Port Board noted that, to avoid significant detrimental impact to the economic vitality of the region, dredging the Cuyahoga River and Cleveland Harbor must start without delay. The Board also asked that the decision process of the Army Corps of Engineers with regard to the placement of dredged material in the open waters of Lake Erie be deliberate and transparent and provide for adequate time for careful consideration of all pertinent data and views, including State regulatory agency findings and local plans. Full Press Release 2014.03.13 Dredge

PORT OF CLEVELAND’S EXPRESS OCEAN FREIGHT SERVICE TO EUROPE

CLEVELAND, OH- The Cleveland-Europe Express freight shipping service between Cleveland Harbor and Europe via the Saint Lawrence Seaway will begin in Spring 2014, according to a charter agreement with The Spliethoff Group approved by The Port of Cleveland Board of Directors on Thursday, November 21.

The Cleveland-Europe Express Ocean Freight Service will be the only regular, scheduled international container service on the Great Lakes.  The fuel-efficient, multi-purpose ships will also have room for non-containerized cargoes.

William Friedman, president & CEO of the Port of Cleveland, said that the service will be the fastest and greenest route between Europe and North America’s heartland, allowing regional companies to ship their goods up to four days faster than using water, rail, and truck routes via the U.S. East Coast ports.  Full Press Release 2013.11.21 Spliethoff

PORT OF CLEVELAND APPROVES FINANCING FOR MAJOR DOWNTOWN REDEVELOPMENT PROJECTS

CLEVELAND, OH- The Port of Cleveland’s Board of Directors voted today to help support more than $400 million in downtown Cleveland redevelopment projects.

At its monthly board meeting, The Port approved:

  • Issuing up to $97 million in lease revenue and tax increment financing bonds for Phase II of the Flats East Bank project. Total project costs are estimated at $149 million.
  • Issuing up to $57 million in lease revenue and tax increment financing bonds for the development of “The 9”, a mixed-use development adjacent to the new County Headquarters.  Total project costs are estimated at $171 million.
  • Granting a leasehold interest in the Optima-Sage hotel project to continue the development of the $73 million redevelopment of the former Crowne Plaza hotel”.

William Friedman, president and CEO of the Port of Cleveland, said it is part of the Port’s mission to finance development through the sale of project revenue bonds to private investors. The Port of Cleveland is the only local government agency whose sole mission is to spur job creation and economic vitality in Cuyahoga County. “These three projects that our Board approved today are vitally important to the redevelopment of downtown Cleveland. They will bring construction jobs, permanent jobs, tax revenues, and will change the feel of our downtown,” he said. “We’re proud to play a role in attracting private investment capital to these projects and our community.”  Full Press Release 2013.11.21 Financing

PORT OF CLEVELAND APPROVES FINANCING FOR PARMATOWN MALL REDEVELOPMENT

CLEVELAND, OH- The Port of Cleveland’s Board of Directors approved on Wednesday, October 23, financing to help redevelop the former Parmatown Mall. The Port will provide up to $10 million in tax increment financing revenue bonds from the Common Bond Fund Program.

Located in Parma, eight miles southwest of downtown Cleveland, Parmatown Mall is a retail shopping mall that opened 1956. In 2012, the Cincinnati-based Phillips Edison & Co. bought the 82.5 acre site including the Parmatown Mall, an adjacent strip center, the vacant Macy’s building, and two office buildings.  Full Press Release 2013.10.24 Shoppes at Parma

PORT OF CLEVELAND UNVEILS PLANS FOR EXPRESS OCEAN FREIGHT SERVICE TO EUROPE

CLEVELAND, OH- The Port of Cleveland unveiled plans today to start a regularly scheduled express freight shipping service between the Cleveland Harbor and Europe, starting in April.

The Cleveland-Europe Express Ocean Freight Service will be the only scheduled international container service on the Great Lakes. “Currently, local manufacturers use East Coast ports to ship goods to Europe, incurring additional rail and truck costs along the way,” said Will Friedman, president & CEO of the Port of Cleveland. “The Cleveland Europe-Express will allow local companies to ship out of their own backyards, simplifying logistics and reducing shipping costs.”

The service will be the fastest and greenest route between Europe and North America’s heartland, allowing regional companies to ship their goods up to four days faster than using water, rail, and truck routes via the U.S. East Coast ports. The Cleveland-Europe Express is estimated to carry anywhere from 250,000 to 400,000 tons of cargo per year. This volume equates to approximately 10-15% of Ohio’s trade with Europe.  Full Press Release – Liner Service

PORT OF CLEVELAND RECEIVES INTERNATIONAL ENVIRONMENTAL AWARD FOR CLEANING THE CUYAHOGA RIVER

CLEVELAND, OH- For the second year in a row, the American Association of Port Authorities (AAPA) honored the Port of Cleveland with its Environmental Impact Award, this year for its Cleveland Harbor and Cuyahoga River clean-up.

The Port of Cleveland helps improve the quality of life in our region and helps safeguard two of our greatest natural assets—the Cuyahoga River and Cleveland’s Lake Erie shoreline. The Port will receive the award during AAPA’s 102nd Annual Convention and Exposition in Orlando, which runs Oct. 13-17.

The AAPA evaluation of the Port of Cleveland effort highlighted the unique characteristics of the clean-up strategy.  2013.10.15 AAPA Environmental Award Full Press Release

PORT OF CLEVELAND UNVEILS NEW LAKEFRONT OVERLOOK

The Port of Cleveland unveiled a new public overlook plaza at the Cleveland Lakefront Nature Preserve (CLNP), offering spectacular views of Lake Erie and downtown Cleveland as well as expansion of public access to nature trails.

The Garden Club of Cleveland (GCC) donated the resources to build this overlook as their Centennial Gift.   The Port of Cleveland opened and manages the Nature Preserve, an 88-acre peninsula of green space on the Lake Erie shoreline in the heart of Cleveland. 

Will Friedman, President & CEO of the Port of Cleveland outlined their partnership with GCC as well as the enhanced access to The Cleveland Lakefront Nature Preserve as a result of the overlook.  2013.09.16 Full Press Release CLNP

PORT OF CLEVELAND HELPS FORTUNE 1000 COMPANY MOVE HEADQUARTERS INTO CUYAHOGA COUNTY

On Thursday, September 19, 2013, the Port of Cleveland’s Board of Directors approved the financing for the construction of OMNOVA Solutions’ new Beachwood headquarters. The new corporate headquarters will be in a 57,000 square foot building, to be constructed on 8.5 acres of land in Beachwood, Ohio.

The Port of Cleveland will provide financing to support the construction of the new headquarters to OMNOVA over a 20-year term. Construction is slated to begin in the Fall of 2013, with expected completion in the Fall of 2014.

“This project is a great example of how The Port of Cleveland plays a crucial role in investing in the community by connecting private investors with key projects throughout our region,” said William Friedman President and CEO of Port of Cleveland. “It also shows that the impact of the Port of Cleveland extends far beyond Cleveland Harbor, by providing vital tools to help invigorate our entire region and serving as a partner in developing our community.”  2013.09.19 Full Press Release OMNOVA

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