US port company signs MOU with the Honduras National Port Authority

By Bufete Mejía & Asociados

Broward County’s Port Everglades has entered into a Memorandum of Understanding (MOU) with the Honduras National Port Authority. Honduras is the port’s largest trading partner by volume, number one in total TEUs (twenty-foot equivalent units). Port Everglades ranked as the number one port in the United States for trade with Honduras, among the 450-plus U.S. ports and airports, with over USD 2.12 billion worth of goods moving through the port.

The MOU outlines joint initiatives the two parties may undertake and states that it is within “their mutual interest to establish an alliance of cooperation aimed at facilitating international trade and generating new business by promoting the all-water routes between” Port Everglades and Honduran seaports.

Key joint initiatives will include:

Marketing activities
Market studies
Modernization and improvements
Training

As one of Florida’s leading economic powerhouses, Broward County’s Port Everglades is the gateway for international trade and cruise vacations. Port Everglades is also one of the nation’s leading container ports and South Florida’s main seaport for receiving petroleum products including gasoline, jet fuel and alternative fuels.

The Honduras National Port Authority is the gateway for international trade, having operations in the Atlantic Ocean in Puerto Cortes and Puerto Castilla and in the Pacific, with port of San Lorenzo, which allows us to receive goods of all the world. At the moment this region is being integrated into a single Customs Authority with Guatemala, El Salvador and Honduras. This integration will make this region the 7th largest economy in America. The union will drive Honduras and its ports to increase the region’s largest investment in logistic infrastructure.