{"id":1317,"date":"2013-09-19T15:41:25","date_gmt":"2013-09-19T19:41:25","guid":{"rendered":"\/?p=1317"},"modified":"2018-08-16T15:46:47","modified_gmt":"2018-08-16T19:46:47","slug":"commissioner-doyles-keynote-address-to-the-eno-center-for-transportations-forum-on-the-panama-canal","status":"publish","type":"post","link":"\/commissioner-doyles-keynote-address-to-the-eno-center-for-transportations-forum-on-the-panama-canal\/","title":{"rendered":"Commissioner Doyle’s Keynote Address to the Eno Center for Transportation’s Forum on the Panama Canal"},"content":{"rendered":"<div>September 19, 2013<\/div>\n<p>Contact:\u00a0<a href=\"mailto:dtubman@fmc.gov\">David J.Tubman, Jr.<\/a>, Counsel to Commissioner Doyle (202) 523-5723<\/p>\n<h3 style=\"text-align: center;\">FMC Commissioner William P. Doyle<br \/>\nKeynote Address<br \/>\nEno Center for Transportation<br \/>\nForum on the Panama Canal: Lessons Learned and Implications for World Commerce<\/h3>\n<p>Good morning. I would like to thank Eno\u2019s President and CEO Joshua Schank as well as Secretary Mort Downey for inviting me to speak with you this morning. I would also like to thank the officials from the Panama Canal Authority who are present here today– Ilya Marotta, Executive Vice President for Engineering and Program Management, and Rodolfo Sabonge, Executive Vice President for Planning and Business Development.<\/p>\n<p>I am a Commissioner with the U.S. Federal Maritime Commission. The Federal Maritime Commission is an independent regulatory agency responsible for regulating the nation\u2019s international ocean transportation for the benefit of exporters, importers, and the American consumer. The FMC\u2019s mission is to foster a fair, efficient, and reliable international ocean transportation system while protecting the public from unfair and deceptive practices. With that said, I should emphasize that my thoughts and comments here are mine and mine alone \u2013 they do not reflect the position of the Commission, and they should not be construed to represent the positions of any of my fellow Commissioners.<\/p>\n<p>I am pleased that Eno has taken the time to put together this forum on the Expansion of the Panama Canal. Indeed, the expansion represents one of the greatest public works projects in modern history.<\/p>\n<p>The United States and Panama have a long and cooperative history with regards to the Panama Canal.<\/p>\n<p>In 1902 the SS SHAWMUT was built in the Sparrows Point Shipyard in Baltimore, Maryland. In 1910 the vessel was purchased by the Panama Railroad Company so that it could be utilized for the construction of the Panama Canal. The name of the ship was changed to the SS ANCON,\u00a0<sup><a id=\"sup1\" title=\"See Footnote 1\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn1\">1<\/a><\/sup>\u00a0named after Ancon Hill which overlooks Panama City, Panama, adjacent to Ancon Township on the west coast side of the Canal. Last month, August 14, 2013, marked the 99th anniversary of the official opening and transit of the SS ANCON through the Panama Canal. We\u2019ve come a long way since then.<\/p>\n<p>Today, the Panama Canal is undergoing a $5.3 billion expansion project that is expected to be completed in early 2015. The expansion will enable a doubling in the tonnage of trade that can pass through the Canal. In terms of ship size, the canal\u2019s expansion will allow a 160% increase in the size of ships able to transit the Panama Canal.<\/p>\n<p>The Obama Administration, members of Congress and state and local officials support the tremendous economic, business, job-supporting, energy and transportation related opportunities the expanded canal will bring to the United States.<\/p>\n<p>To meet the Canal\u2019s expansion, ports are deepening their shipping channels and harbors, updating their rail lines, raising bridges, improving tunnels for railways, increasing dock facilities, and installing new cranes to accommodate larger ships and much greater cargo volumes. And the modernization of U.S. ports is not just happening on the East and Gulf Coast \u2014 West Coast ports are also updating their infrastructure to accommodate larger vessels.<\/p>\n<p>I would like to highlight the importance placed on our ports by the Obama Administration with a couple of examples:<\/p>\n<ul>\n<li>Last week Vice President Joe Biden visited the Port of Baltimore and presented a $10 million grant for widening the port\u2019s shipping channel and for upgrading rail access.\u00a0<sup><a id=\"sup2\" title=\"See Footnote 2\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn2\">2<\/a><\/sup>\u00a0Just this Monday, the Vice President visited the Ports of Charleston, South Carolina and Savannah, Georgia to champion infrastructure updates in anticipation of the expanded Canal.\u00a0<sup><a id=\"sup3\" title=\"See Footnote 3\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn3\">3<\/a><\/sup>,\u00a0<sup><a id=\"sup4\" title=\"See Footnote 4\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn4\">4<\/a><\/sup>\u00a0And though he had to recently postpone his trip, the Vice President is expected to visit Panama to view the progress on the expansion of the Canal.<\/li>\n<li>The Baltimore grant is part of the Transportation Investment Generating Economic Recovery (TIGER) 2013 discretionary program.\u00a0<sup><a id=\"sup5\" title=\"See Footnote 5\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn5\">5<\/a><\/sup>\u00a0This program distributed approximately $474 million for transportation projects in 37 states. Of that amount, nearly 45% of the funding will be utilized for port and rail improvements.<\/li>\n<li>In July, President Obama visited the Port of Jacksonville and toured the facilities while emphasizing the importance of Florida\u2019s infrastructure updates to accommodate larger ships that will transit the Panama Canal in 2015.\u00a0<sup><a id=\"sup6\" title=\"See Footnote 6\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn6\">6<\/a><\/sup><\/li>\n<li>Last year the Obama Administration announced that it would expedite the federal permitting processes for the Port of Jacksonville, the Port of Miami, the Port of Savannah, the Port of New York and New Jersey, and the Port of Charleston.\u00a0<sup><a id=\"sup7\" title=\"See Footnote 7\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn7\">7<\/a><\/sup><\/li>\n<li>On March 29, 2013, in the Port of Miami, Florida, President Obama outlined a program of transportation bonds and other measures to encourage infrastructure improvements on roads, bridges, and ports.\u00a0<sup><a id=\"sup8\" title=\"See Footnote 8\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn8\">8<\/a><\/sup><\/li>\n<li>On May 17, 2013, President Obama signed a Presidential Memorandum to modernize the federal infrastructure permitting process, cutting timelines in half for major infrastructure projects while creating incentives for better outcomes for communities and the environment.\u00a0<sup><a id=\"sup9\" title=\"See Footnote 9\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn9\">9<\/a><\/sup><\/li>\n<\/ul>\n<p>The Administration recognizes that the Panama Canal expansion project will be completed in 2015 and the U.S. needs to be ready. Some of these initiatives are part of President Obama\u2019s “We Can\u2019t Wait Initiative” and are based on a March 2012 Presidential Executive Order titled\u00a0<em>Improving Performance of Federal Permitting and Review of Infrastructure Projects<\/em>.\u00a0<sup><a id=\"sup10 title=\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn10\">10<\/a><\/sup><\/p>\n<h3>Panama Canal and Suez Canal Trade Routes<\/h3>\n<p>While the progress that the U.S. makes in building its infrastructure in anticipation of the Canal widening is important, users of the Canal are also looking at alternatives, namely transits through the Suez Canal. In 2008, only 14 percent of total transpacific TEU capacity calling at U.S. East Coast ports transited the Suez Canal. In 2013, that percentage has increased to 35 percent.\u00a0<sup><a id=\"sup11\" title=\"See Footnote 11\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn11\">11<\/a><\/sup>This year Maersk Line and the G6 Alliance\u00a0<sup><a id=\"sup12\" title=\"See Footnote 12\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn12\">12<\/a><\/sup>\u00a0of container carriers each rerouted one U.S. East Coast transpacific service through the Suez instead of Panama.\u00a0<sup><a id=\"sup13\" title=\"See Footnote 13\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn13\">13<\/a><\/sup><\/p>\n<p>Currently, Panama can allow vessels of up to about 5,000 TEUs , while the Suez can allow the largest container ships afloat today. Carriers have the ability to replace two Panama services with one string of much larger ships using the Suez Canal to gain economies of scale. Maersk adjusted its service this year whereby it sends one 9,000 TEU vessel through the Suez as opposed to two 4,500 TEU vessels through Panama.\u00a0<sup><a id=\"sup14\" title=\"See Footnote 14\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn14\">14<\/a><\/sup><\/p>\n<p>According to Maersk, the fees for the Panama Canal have tripled over the past five years for a 4,500 TEU vessel. APL, CMA-CGM and MSC have also switched some of their transpacific services from Panama to the Suez citing vessel size accommodations and better economics.\u00a0<sup><a id=\"sup15\" title=\"See Footnote 15\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn15\">15<\/a><\/sup><\/p>\n<p>It is worth mentioning, that within the past month, a ship transiting the Suez Canal was reportedly attacked by rocket propelled grenades (RPGs).\u00a0<sup><a id=\"sup16\" title=\"See Footnote 16\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn16\">16<\/a><\/sup>\u00a0The apparent terrorists even filmed their two prong RPG attack on the vessel COSCO ASIA container ship and posted the video on YouTube.<\/p>\n<p>Now, Egyptian security officials claim that “the operation was a random operation that is not backed by an organization.”\u00a0<sup><a id=\"sup17\" title=\"See Footnote 17\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn17\">17<\/a><\/sup>Bloomberg recently reported that Egyptian authorities had “tightened security along the Suez Canal” after the attack on the COSCO ASIA.\u00a0<sup><a id=\"sup18\" title=\"See Footnote 18\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn18\">18<\/a><\/sup><\/p>\n<p>The shipowners, operators and shippers will review their trade route options as we get closer to the completion of the expanded canal. Included in their decision making will be security and a cost benefit analysis — which means that the decision makers need to know as soon as possible the costs associated with transiting the Panama Canal.<\/p>\n<h3>Progress on Slot and Transit Fees for the Panama Canal<\/h3>\n<p>The Panama Canal Authority (ACP) recently met with the Japanese Shipowners Association (JSA) and several car manufacturers in Japan as part of the ongoing discussions with the vehicle carrier segment on the Expansion Program\u2019s progress and future toll structure for the canal.\u00a0<sup><a id=\"sup19\" title=\"See Footnote 19\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn19\">19<\/a><\/sup><\/p>\n<p>During the meetings, the ACP provided an update on the expansion program and presented the analysis of the results for the potential pricing structure for the car carrier segment taking into account the feedback received recently from this group.<\/p>\n<p>I understand that ACP officials have engaged in similar discussions with the container carriers.<\/p>\n<p>It is important to keep an ongoing an open dialogue regarding transit costs with all stakeholders and segments of the shipping community.<\/p>\n<h3>LNG Exports\u2014Preparing for the Expanded Canal<\/h3>\n<p>I would like to provide an example of a new type of U.S. manufactured export product that could really benefit from the expansion of the Panama Canal.<\/p>\n<p>Not long ago the United States was positioning itself to be the world\u2019s largest importer of natural gas. In 2006 there were approximately 50 proposed liquefied natural gas (LNG) import projects in some stage of regulatory review.\u00a0<sup><a id=\"sup20\" title=\"See Footnote 20\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn20\">20<\/a><\/sup>\u00a0The U.S. was on the verge of becoming ever more reliant on the Middle East for its natural gas.<\/p>\n<p>That all changed in 2008 when the independent natural gas producers in the U.S. proved that abundant amounts of natural gas could be extracted and produced from shale basins in places like the Pennsylvania, Ohio and West Virginia.\u00a0<sup><a id=\"sup21\" title=\"See Footnote 21\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn21\">21<\/a><\/sup>\u00a0Indeed, these producers perfected the technique known as horizontal multistage hydraulic fracturing.\u00a0<sup><a id=\"sup22\" title=\"See Footnote 22\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn22\">22<\/a><\/sup><\/p>\n<p>Today, the U.S. has not only slashed its imports of natural gas from overseas, but we are on the verge of becoming a major competitor on the supply-side of natural gas through our LNG exports.<\/p>\n<p>The world\u2019s largest market for liquefied natural gas is Asia. As it stands now, South Korea and Japan are the largest importers of LNG. In the coming years, China may be added to that list.\u00a0<sup><a id=\"sup23\" title=\"See Footnote 23\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn23\">23<\/a><\/sup><\/p>\n<p>With the Dominion Cove Point decision issued by the Department of Energy last Wednesday, the Obama administration has now authorized 6.37 billion cubic feet of liquefied natural gas to be sold overseas.\u00a0<sup><a id=\"sup24\" title=\"See Footnote 24\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn24\">24<\/a><\/sup>\u00a0Dominion, located in Maryland, is the first East Coast export project that has been approved and it is the closest terminal to Appalachia\u2019s Marcellus and Utica shale formations.<\/p>\n<p>Previously, the Energy Department approved conditional export licenses to three Gulf Coast terminals: Lake Charles, Louisiana project, as well as the Freeport LNG project on Quintana Island, Texas, and, in 2011, Houston-based Cheniere Energy\u2019s Sabine Pass facility in southwest Louisiana.<\/p>\n<p>How do we get the domestically produced natural gas into the export market?<\/p>\n<p>Once the expanded Panama Canal opens, the distance to ship U.S. natural gas from the Gulf Coast of the United States to Asia will decrease by 9,000 miles.\u00a0<sup><a id=\"sup25\" title=\"See Footnote 25\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn25\">25<\/a><\/sup>\u00a0Only 21 of the existing global fleet of 370 LNG tankers can currently fit through the Panama Canal.\u00a0<sup><a id=\"sup26\" title=\"See Footnote 26\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn26\">26<\/a><\/sup>\u00a0None use the Canal.<\/p>\n<p>However, more than 80 % of the tankers will be able to make the passage through the Canal once the widening is complete (Platou Consultants).\u00a0<sup><a id=\"sup27\" title=\"See Footnote 27\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#fn27\">27<\/a><\/sup>\u00a0The U.S. will be competing with Australia, Russia, East Africa and the Middle East as a natural gas supplier for Asia. The development of U.S. natural gas resources, together with the Panama Canal Expansion, will have a transformative impact on the U.S. energy and transportation landscape, helping to improve our energy security while spurring economic development and job creation around the country.<\/p>\n<h3>Closing<\/h3>\n<p>I have a close and personal relationship with Panama and it citizens. These relationships began prior to my days as an Officer in the U.S. Merchant Marine when I transited the Canal and delivered petroleum to Chiriqui Grande.<\/p>\n<p>I am a 1992 graduate of the Massachusetts Maritime Academy. I was fortunate to meet and become friends with Panamanian cadets at Mass Maritime. Back then, Panama was planning its transition as a nation to take over full operational control of the Panama Canal in 1999. Thus, many Panamanian students entered the Maritime Academies in the United States to receive maritime training and earn maritime related degrees.<\/p>\n<p>I would like thank Captains Leopoldo Icaza and Luis Carlos Casco Arias of the Panama Canal Pilots Association for attending this forum today. We all understand the importance and need of shipboard pilots on the canal. Leo and I were classmates at Mass Maritime.<\/p>\n<p>Espanola: Ahora, casi 20 a\u00f1os despu\u00e9s, los Paname\u00f1os graduados de las Academias Mar\u00edtimas de los Estados Unidos, incluyendo la Academia Mar\u00edtima de Massachusetts, han llegado a posiciones de liderazgo en todas las disciplinas publicas y privadas con respecto a las operaciones y Administraci\u00f3n del Canal. Todos ustedes han hecho un excelente trabajo. Felicito a todos esos Paname\u00f1os egresados de las Academias Maritimas de los Estados Unidos y quiero mandarles un saludo muy especial y felicitar a mis amigos Paname\u00f1os de la Academia Mar\u00edtima de Massachusetts.<\/p>\n<p>English: Now, more than 20 years later, Panamanian graduates of the Maritime Academies, including Mass Maritime, have entered into leadership roles in and around all public and private disciplines with respect to the operations and management of the Panama Canal. You have all done well. I congratulate all those Panamanians who are graduates of the U.S. Maritime Academies and I want to especially say hello and congratulations to my Panamanian friends from Massachusetts Maritime Academy.<\/p>\n<p>It is Panama\u2019s commitment to modern infrastructure and world oceanborne commerce that is spurring the U.S. to meet the challenge. It is our great –U.S. \/ Panama– working relationship that will make this project a success. I\u2019m convinced the United States will meet the infrastructure challenges and it will be a win for American workers and a win for the American economy.<\/p>\n<p>Thank you.<\/p>\n<hr \/>\n<div class=\"footnotes\">\n<ol class=\"footnotes\">\n<li id=\"fn1\">See NavSource online, history and photos of SS ANCON,\u00a0<a href=\"http:\/\/www.navsource.org\/archives\/12\/171467.htm\">http:\/\/www.navsource.org\/archives\/12\/171467.htm<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup1\">?<\/a><\/li>\n<li id=\"fn2\">CBS News Baltimore (MJZ),\u00a0<em>Vice President Biden Awards $10 Million Grant to the Port of Baltimore<\/em>, September 9, 2013,\u00a0<a href=\"http:\/\/baltimore.cbslocal.com\/2013\/09\/09\/vice-president-biden-to-award-10-million-grant-to-the-port-of-baltimore\/\">http:\/\/baltimore.cbslocal.com\/2013\/09\/09\/vice-president-bi den-to-award-10-million-grant-to-the-port-of-baltimore\/<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup2\">?<\/a><\/li>\n<li id=\"fn3\">Paul Bowers,\u00a0<em>V.P. Biden presses for 50-foot harbor deepening, (\u2018Good, decent jobs, man. That\u2019s what built this state.\u2019)<\/em>, Charleston City Paper, September 15, 2013,\u00a0<a href=\"http:\/\/www.charlestoncitypaper.com\/TheBattery\/archives\/2013\/09\/16\/vp-biden-presses-for-50-foot-harbor-deepening\">http:\/\/www.charlestoncitypaper.com\/TheBattery\/archives\/2013\/09\/16\/vp-biden-presses-for-50-foot-harbor-deepening<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup3\">?<\/a><\/li>\n<li id=\"fn4\">Greg Bluestein,\u00a0<em>Biden on Savannah port deepening: \u2018We are going to get this done\u2019<\/em>, The Atlanta Journal-Constitution, September 16, 2013,\u00a0<a href=\"http:\/\/www.ajc.com\/news\/news\/biden-on-savannah-port-deepening-we-are-going-to-g\/nZydD\/\">http:\/\/www.ajc.com\/news\/news\/biden-on-savannah-port-deepening-we-are-going-to-g\/nZydD\/<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup4\">?<\/a><\/li>\n<li id=\"fn5\">U.S. Department of Transportation,\u00a0<em>U.S. Transportation Secretary Foxx Announces $474 Million for 52 TIGER 2013 Projects in 37 States (Projects Support President Obama\u2019s Calls to Create Ladders of Opportunity, \u2018Fix it First\u2019 and Contribute to Economic Growth)<\/em>, September 5, 2013,\u00a0<a href=\"http:\/\/www.dot.gov\/briefing-room\/us-transportation-secretary-foxx-announces-474-million-52-tiger-2013-projects-37\">http:\/\/www.dot.gov\/briefing-room\/us-transportation-secretary-foxx-announces-474-million-52-tiger-2013-projects-37<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup5\">?<\/a><\/li>\n<li id=\"fn6\">David Bauerlein & Drew Dixon,\u00a0<em>President touts JaxPort, pushes for more spending on ports, highways<\/em>, The Florida Times-Union, July 26, 2013,\u00a0<a href=\"http:\/\/jacksonville.com\/news\/metro\/2013-07-25\/story\/president-touts-jaxport-pushes-more-spending-ports-highways\">http:\/\/jacksonville.com\/news\/metro\/2013-07-25\/story\/president-touts-jaxport-pushes-more-spending-ports-highways<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup6\">?<\/a><\/li>\n<li id=\"fn7\">The White House, Office of the Press Secretary,\u00a0<em>We Can\u2019t Wait: Obama Administration Announces 5 Major Port Projects to Be Expedited<\/em>, July 19, 2012,\u00a0<a href=\"http:\/\/www.whitehouse.gov\/the-press-office\/2012\/07\/19\/we-can-t-wait-obama-administration-announces-5-major-port-projects-be-ex\">http:\/\/www.whitehouse.gov\/the-press-office\/2012\/07\/19\/we-can-t-wait-obama-adminis tration-announces-5-major-port-projects-be-ex<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup7\">?<\/a><\/li>\n<li id=\"fn8\">Patricia Mazzei,\u00a0<em>In quick Miami stop, Obama pitches new ways to attract private investment for public-works projects<\/em>, Miami Herald, March 29, 2013,\u00a0<a href=\"http:\/\/www.miamiherald.com\/2013\/03\/29\/3313067\/in-miami-obama-to-propose-new.html\">http:\/\/www.miamiherald.com\/2013\/03\/29\/3313067\/in-miami-obama-to-propose-n ew.html<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup8\">?<\/a><\/li>\n<li id=\"fn9\">The White House, Office of the Press Secretary,\u00a0<em>Creating Jobs Faster by Cutting Timelines in Half for Major Infrastructure Projects<\/em>, May 17, 2013,\u00a0<a href=\"http:\/\/www.whitehouse.gov\/the-press-office\/2013\/05\/17\/creating-jobs-faster-cutting-timelines-half-major-infrastructure-project\">http:\/\/www.whitehouse.gov\/the-press-office\/2013\/05\/17\/creating-job s-faster-cutting-timelines-half-major-infrastructure-project<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup9\">?<\/a><\/li>\n<li id=\"fn10\">Presidential Executive Order,\u00a0<em>Improving Performance of Federal Permitting and Review of Infrastructure Projects<\/em>, March 22, 2012,\u00a0<a href=\"http:\/\/www.whitehouse.gov\/the-press-office\/2012\/03\/22\/executive-order-improving-performance-federal-permitting-and-review-infr\">http:\/\/www.whitehouse.gov\/the- press-office\/2012\/03\/22\/executive-order-improving-performance-federal-permitting-and-review-infr<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup10\">?<\/a><\/li>\n<li id=\"fn11\">Source: Data derived from\u00a0<em>Drewry Container Forecaster<\/em>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup11\">?<\/a><\/li>\n<li id=\"fn12\">For reference, the G6 Alliance was established in December 2011 and began operations in March 2012. The parties to the G6 Alliance are American President Lines, Ltd. (APL), Hapag-Lloyd Aktiengesellschaft (Hapag-Lloyd), Hyundai Merchant Marine Company (Hyundai), Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK), and Orient Overseas Container Line Limited (OOCL). Furthermore, the G-6 Alliance is a vessel sharing agreement between the New World Alliance (APL, Hyundai, and MOL) and the Grand Alliance (Hapag-Lloyd, NYK, and OOCL).\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup12\">?<\/a><\/li>\n<li id=\"fn13\">Source: Data derived from\u00a0<em>Alphaliner<\/em>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup13\">?<\/a><\/li>\n<li id=\"fn14\">Kyunghee Park,\u00a0<em>Maersk Line to Dump Panama Canal for Suez as Ships Get Bigger<\/em>, Bloomberg, March 11, 2013,\u00a0<a href=\"http:\/\/www.bloomberg.com\/news\/2013-03-11\/maersk-line-to-dump-panama-canal-for-suez-as-ships-get-bigger.html\">http:\/\/www.bloomberg.com\/news\/2013-03-11\/maersk-li ne-to-dump-panama-canal-for-suez-as-ships-get-bigger.html<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup14\">?<\/a><\/li>\n<li id=\"fn15\">Rebecca Conan,\u00a0<em>APL to launch new Suez Canal route for Asia-US east coast trade<\/em>, Business News Americas, April 29, 2013,\u00a0<a href=\"http:\/\/www.bnamericas.com\/content_syndication\/extranet2\/story.xsql?id_source=&id_noticia=615884&id_sector=5&Tx_idioma=I&id=987770\">http:\/\/www.bnamericas. com\/content_syndication\/extranet2\/story.xsql?id_source=&id_noticia=615884&id_sector=5&Tx_idioma=I&id=987770<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup15\">?<\/a><\/li>\n<li id=\"fn16\">MAREX,\u00a0<em>Two Men Firing RPGs at Container Ship Transiting Suez Canal<\/em>, Maritime Executive, September 5, 2013,\u00a0<a href=\"http:\/\/www.maritime-executive.com\/article\/VIDEO-Two-Men-Firing-RPGs-at-Container-Ship-Transiting-Suez-Canal-2013-09-05\/\">http:\/\/www.maritime-executive.com\/article\/VIDEO-Two-Men-Firing-RPGs-at-Container-Ship-Transiting-Suez-Canal-2013-09-05\/<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup16\">?<\/a><\/li>\n<li id=\"fn17\">Reuters,\u00a0<em>Video shows two men firing RPGs at ship transiting Suez Canal<\/em>, September 5, 2013,\u00a0<a href=\"http:\/\/www.reuters.com\/article\/2013\/09\/05\/us-egypt-protests-ship-idUSBRE9840V520130905\">http:\/\/www.reuters.com\/article\/2013\/09\/05\/us-egypt-protests-ship-idUSBRE9840V520130905<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup17\">?<\/a><\/li>\n<li id=\"fn18\">Tarek El-Tablawy & Alaa Shahine,\u00a0<em>Egypt Military Bolsters Suez Security after Failed Attack<\/em>, Bloomberg, September 1, 2013,\u00a0<a href=\"http:\/\/www.bloomberg.com\/news\/2013-09-01\/egypt-military-bolsters-suez-canal-security-after-failed-attack.html\">http:\/\/www.bloomberg.com\/news\/2013-09-01\/egypt-military-bolsters-suez-can al-security-after-failed-attack.html<\/a>.<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup18\">?<\/a><\/li>\n<li id=\"fn19\">Marine Link,\u00a0<em>Panama Canal Discusses Tolls, Expansion with Car Carrier Segment<\/em>, September 6, 2013,\u00a0<a href=\"http:\/\/www.marinelink.com\/news\/discusses-expansion358398.aspx\">http:\/\/www.marinelink.com\/news\/discusses-expansion358398.aspx<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup19\">?<\/a><\/li>\n<li id=\"fn20\">Jeff C. Wright, Chief, Energy Infrastructure Policy Group, Federal Energy Regulatory Commission Office of Energy Projects, Presentation at the Energy Bar Association Annual Meeting: FERC Perspective on Gas Infrastructure, April 27, 2006,\u00a0<a href=\"http:\/\/www.ferc.gov\/eventcalendar\/Files\/20060619162837-42-EBA%20Presentation%20-%20Final.ppt\">http:\/\/www.ferc.gov\/eventcalendar\/Files\/20060619162837-42-EBA%20Presentation%20-%20Final.ppt<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup20\">?<\/a><\/li>\n<li id=\"fn21\">In early 2008, Terry Englander, a geosciences professor at Pennsylvania State University, and Gary Lash, a geology professor at the State University of New York at Fredonia, surprised everyone with estimates that the Marcellus might contain more than 500 trillion cubic feet of natural gas. Using some of the same horizontal drilling and hydraulic fracturing methods that had previously been applied in the Barnett Shale of Texas, perhaps 10% of that gas (50 trillion cubic feet) might be recoverable. See\u00a0<a href=\"http:\/\/geology.com\/articles\/marcellus-shale.shtml\">http:\/\/geology.com\/articles\/marcellus-shale.shtml<\/a>\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup21\">?<\/a><\/li>\n<li id=\"fn22\"><em>See<\/em>\u00a0PennState Marcellus Center for Outreach and Research (MCOR), Home Page: http:\/\/www.marcellus.psu.edu\/index.php; Maps, Graphics and Other Resources:\u00a0<a href=\"http:\/\/www.marcellus.psu.edu\/resources\/maps.php\">http:\/\/www.marcellus.psu.edu\/resources\/maps.php<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup22\">?<\/a><\/li>\n<li id=\"fn23\">Zhang Yuwei,\u00a0<em>China’s Hanas seeks gas partners in US<\/em>, China Daily, September 9, 2012, (China and the US – the world’s two largest economic super powers – will have more opportunities to work together in the liquefied natural gas (LNG) industry in the next 10 to 15 years, with China’s increasing demand and the US’ supply ability and “appealing” prices, said Ma Fuqiang, president of China’s Hanas New Energy Group (visited Air Products Corp. in Pennsylvania on Sept. 10, 2013),\u00a0<a href=\"http:\/\/usa.chinadaily.com.cn\/epaper\/2013-09\/09\/content_16954312.htm\">http:\/\/usa.chinadaily.com.cn\/epaper\/2013-09\/09\/content_16954312.htm<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup23\">?<\/a><\/li>\n<li id=\"fn24\">Peter Bacqu\u00e9,\u00a0<em>Dominion Resources gets federal approval for liquefied natural gas exports<\/em>, Richmond Times-Dispatch, September 13, 2013,\u00a0<a href=\"http:\/\/www.timesdispatch.com\/business\/energy\/dominion-resources-gets-federal-approval-for-liquefied-natural-gas-exports\/article_ae446829-e9d0-510c-a39d-14ec0c4d60ff.html\">http:\/\/www.timesdispatch.com\/business\/energy\/dominion-resources-gets-fe deral-approval-for-liquefied-natural-gas-exports\/article_ae446829-e9d0-510c-a39d-14ec0c4d60ff.html<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup24\">?<\/a><\/li>\n<li id=\"fn25\">Reuters,\u00a0<em>U.S. gas via Panama frightens LNG exporters worldwide (Backers of non-U.S. projects now hesitating)<\/em>, September 5, 2013,\u00a0<a href=\"http:\/\/www.reuters.com\/article\/2013\/09\/05\/energy-lng-world-idUSL6N0GV37820130905\">http:\/\/www.reuters.com\/article\/2013\/09\/05\/energy-lng-world-idUSL6N0GV37820130905<\/a>.\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup25\">?<\/a><\/li>\n<li id=\"fn26\"><em>Ibid.<\/em>\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup26\">?<\/a><\/li>\n<li id=\"fn27\"><em>Ibid.<\/em>\u00a0<a title=\"Return to article\" href=\"https:\/\/www.fmc.gov\/commissioner_doyles_keynote_address_to_the_eno_center_for_transportations_forum_on_the_panama_canal\/#sup24\">?<\/a><\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>September 19, 2013 Contact:\u00a0David J.Tubman, Jr., Counsel to Commissioner Doyle (202) 523-5723 FMC Commissioner William P. Doyle Keynote Address Eno Center for Transportation Forum on the Panama Canal: Lessons Learned and Implications for World Commerce Good morning. I would like to thank Eno\u2019s President and CEO Joshua Schank as well... <a class=\"read-more\" href=\"\/commissioner-doyles-keynote-address-to-the-eno-center-for-transportations-forum-on-the-panama-canal\/\">Read More »<\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7,25],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/posts\/1317"}],"collection":[{"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/comments?post=1317"}],"version-history":[{"count":1,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/posts\/1317\/revisions"}],"predecessor-version":[{"id":1318,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/posts\/1317\/revisions\/1318"}],"wp:attachment":[{"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/media?parent=1317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/categories?post=1317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fmc.gov\/wp-json\/wp\/v2\/tags?post=1317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}