MIAMI INTERNATIONAL REAL ESTATE CONGRESS ERIC OLAFSON MANAGER TRADE DEVELOPMENT
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1 MIAMI INTERNATIONAL REAL ESTATE CONGRESS ERIC OLAFSON MANAGER TRADE DEVELOPMENT
2 Economic Impact One of Miami-Dade County s Principal Economic Engines 207,000 jobs $27 Billion annually 2
3 Cruise Capital of the World PortMiami is the Leading Cruise Port in the World 4 Million Passengers annually 15 of the World s Top Cruise Lines Homeport at PortMiami 3
4 Capital Projects On-going Deep Dredge On-dock Rail and Intermodal Yard Completed PortMiami Tunnel Super Post-Panamax Gantry Cranes
5 2015 Panama Canal Source: NAIOP Commercial Real State Development Association
6 The Vessel Cascade The order book for all major international container carriers is dominated by post- Panamax vessels By 2014, two-thirds of container vessel capacity will be in post-panamax ships East Asia direct trade with either U.S. coast will be carried predominantly by post- Panamax vessels Smaller vessels will cascade to marginal markets Pacific Coast is ready Atlantic Coast is not ready
7 Post-Panamax Vessels Requirements Harbor Access: 50 foot deep harbors Highway Access: Efficient road access to local distribution centers and interstate system Rail Access: On-dock linked to national network Port Infrastructure: Post-Panamax cranes, high-volume container exchange capacity
8 Deep Dredge The Deep Dredge Project consists of three phases: 1. Improvements to the Outer Channel and related environmental mitigation. Main Turning Basin MIAMI BEACH Improvements to Fisherman s Channel and the Lummus Island Turning Basin. 3. Improvements to the Fisher Turning Basin and the Central Channel. Existing Federal Channel
9 Increase depth of PortMiami s South Channel to at least 50 feet Deep Dredge Widen the seaward portion of the entrance channel to 800 feet Increase eastern turning basin to 1,600 feet Make PortMiami the only U.S. port south of Norfolk that can accommodate the new, mega cargo vessels that will pass through the expanded Panama Canal
10 Intermodal Rail Yard On-dock Rail: 9,000 feet of loaded train with a straight shot to Jacksonville and beyond creating a Time-to-Market Advantage POM/FEC fastest East Coast combination to major consumer markets Moving products in and out of Miami using FEC Railway intermodal rail network, customers save days, while reducing inventory carrying costs More than 70% of the U.S. population is reachable by rail from the PortMiami within a maximum of a 3-4 day transit time Destination Market U.S. Orlando, FL Atlanta, GA Memphis, TN Nashville, TN Time-to-Market Transit Via PortMiami-FEC Connection 1 day 2 days 3 days 3 days
11 Intermodal Rail Yard
12 Port Tunnel
13 Port Tunnel Direct access between PortMiami and the nation s Interstate Highway System Eliminate PortMiami s dependence on the sole Port Boulevard Bridge Saves truckers time
14 Super Post-Panamax Cranes On-Port: 17 Cranes 6 Super Post-Panamax Cranes (including 4 new cranes above 7 Panamax Cranes 4 Mobile Harbor Cranes (Seaboard Terminal)
15 Super Post-Panamax Cranes Cranes have the capability of servicing ships that are 22 containers wide, 9 containers above deck, 11 containers below deck with lifting capacity of 100 tons under hook
16 MIAMI ADDING WAREHOUSE SPACE AND PREPARING FOR 2015 Total Warehouse Space: 228,000,000 Sq Feet 9 New Class A bulk warehouses being constructed on speculation due to increased demand Over 2,200,000 Sq Feet of new Warehouse space constructed in 2012 Current Vacancy Rate is 7%
17 COLD TREATMENT AND PERISHABLES The Port works closely with shippers, brokers, FDOA and the USDA to bring cold treatment perishables to PortMiami PortMiami is committed to secure and redundant safety protocols New direct routes provide cost benefits and improved shelf life by bringing fruit directly into PortMiami Pilot with Peru and Uruguay started October 1, 2013 PortMiami = Your Perishables Gateway
18 PORTMIAMI NEXUS BETWEEN SOUTH AMERICA AND EUROPE
19 CONNECTING ASIA AND SOUTH AMERICA VIA TRANSHIPMENT
20 THANK YOU
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