Ports of Indiana, Three Rivers partner to launch market study to explore business development
The Ports of Indiana and the Port of Three Rivers announced October 17 that the two port authorities have formed a first-of-its-kind marketing partnership and will conduct a joint study to explore new maritime shipping opportunities.
The two ports will launch a market analysis in the next few weeks to identify potential supply chain connections between their facilities. The initiative was created as a direct result of the maritime partnership formed between Indiana and Québec in 2015. Both port organizations have been working together in the past few months, but now plan to expand their collaboration.
The announcement was made when Indiana Secretary of Commerce Victor Smith, Ports of Indiana CEO Rich Cooper and a group of Indiana leaders visited the Port of Three Rivers as part of an Indiana Maritime Trade Mission to Québec that included meetings with Dominique Anglade, Minister of Economy, Science and Innovation, as well as leadership from Port of Three Rivers, Port of Montreal, Fednav and various maritime businesses based in Québec.
In Three Rivers, the Indiana delegation met with Québec Associate Secretary General of Maritime Affairs Georges Farrah, port officials, transportation providers and major manufacturers in the area. The Indiana delegation included port, steel and economic development representatives who participated learning more about developments related to Québec’s Maritime Strategy announced in 2015.
“We’re excited to partner with the Port of Three Rivers to explore new market opportunities for better connecting our ports and expanding economic opportunities for both Indiana and Québec,” said Rich Cooper, CEO for the Ports of Indiana. “Our ports share an entrepreneurial approach to new business development and a determined focus for providing logistics solutions for bulk and breakbulk shipments on our waterways.”
The Port of Three Rivers is a deepwater port located between Montreal and Québec City on the St. Lawrence River, which is open year-round to ocean vessels. The Port of Indiana-Burns Harbor provides multimodal connections to the Chicago-Northwest Indiana markets, which is one of the largest steel producing regions in the world, and also offers year-round shipments via the 12,500-mile inland river system which connects to 20 states and the Gulf of Mexico.
“We believe there are potential synergies in the industrial sectors surrounding each of our ports and that the Great Lakes/St. Lawrence Seaway can provide logistics solutions for developing new business connections in Indiana and Québec,” said Gaétan Boivin, President & CEO, Port of Three Rivers. “The Port of Indiana-Burns Harbor offers connections to extensive supply and demand opportunities for Québec businesses in the Chicago marketplace and can provide access to the U.S. inland waterways system.”