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Commercial opportunities between Ports in Virginia and Cuba

Staff writer |
The Virginia Port Authority has signed a Memorandum of Understanding (MOU) with the Cuban National Port Authority to evaluate commercial opportunities between the Port of Virginia and Cuba’s newly opened Port of Mariel Special Development Project.

The MOU establishes a platform for cooperation and information sharing aimed at developing links between Cuba and Virginia to support waterborne trade and investment, improve customer service, enhance collaboration to achieve improved business practices, and increase the level of vessel services available between the two entities.

Under this agreement, the two port authorities may undertake initiatives including data interchange, market studies, training and technological interchange.

Cuba’s $1 billion port project will make Mariel the largest port in the Caribbean, with a capacity to handle approximately 1.3 million shipping containers a year. It will also allow Mariel to serve as a trans-shipment hub for the region.

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