Preview What’s in Store for Port of Miami After Panama Canal Widens!

CMA CGM's Don Carlos

Port of Miami making history

Mega-sized cargo ship arriving

 

(Miami-Dade County, FL) — 
CMA CGM Don CarlosThe CMA CGM Don Carlos, a 8,500 TEU container cargo ship-nearly twice the size of the average cargo vessel operating at the Port of Miami, will arrive here on Sunday, November 14, as a “test run.” The ship represents the new generation of mega-sized container cargo vessels that have the potential to drastically change cargo operations at the Port.

“This ad hoc call of CMA CGM DON CARLOS in Miami helps insure that the Miami Port is ready and has all infrastructure needed to welcome this size of vessels (8,500 TEU), which will become the new minimum standard – once Panama Canal enlargement is completed in 2014” explains Jean-Philippe Thenoz, VP North America Lines at CMA CGM.

“It’s all about increasing the Port of Miami’s cargo business and infusing millions of dollars into the local economy-we have the potential to create thousands of new jobs,” said Port of Miami Director Bill Johnson. “The CMA CGM Don Carlos arrival not only makes history for the Port of Miami but it is the largest cargo container ship ever to visit a Florida port.”

The ship is expected to arrive at the Port of Miami at approximately 4 p.m. on Sunday. The public can view the vessel from a number of vantage points including South Point Park on Miami Beach.

CMA CGM, the third largest container shipping Group, operates the CMA CGM Don Carlos on a routing that includes stops in Japan, China and South East Asia to the United States East Coast via the Suez Canal, and South East Asia, China and Korea to Pacific North West and Canada (Vancouver).

The average container cargo vessel now operating out of the Port of Miami is 4,500 TEUs compared to the 8,500-plus Post-Panamax ships. The larger ships require deeper water than the drafts at most U.S. East Coast Ports. The CMA CGM Don Carlos will not be carrying a full load when it arrives in Miami following stops in New York and Norfolk, Virginia.

“The CMA CGM Don Carlos clearly illustrates why it is critical that the Port of Miami proceeds with dredging its waters to -50 feet from its current -42 feet depth,” Johnson said. “If we are to be a player in the global market place we need the Deep Dredge prior to completion of the Panama Canal expansion scheduled for 2014.”

The Port of Miami is currently seeking $75 million in federal funding to move the project forward. The Army Corp of Engineers is expected to complete preliminary design and engineering work for the project next summer.

To gear up for the new generations that will traverse the expanded Canal, the Port of Miami plans to invest more than $2 billion in infrastructure improvements over the next decade. Projects include the Port Tunnel, now underway in partnership with the Florida Department of Transportation and City of Miami, along with improvements to the Florida East Coast Railway tracks linking the Port with the Hialeah Rail Yard and the national rail system. The Port recently received $23 million in federal economic stimulus funds for the rail project.

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Sperry Van Ness – Largest Loan Advisory in the Nation

Sperry Van Ness Enters Commercial Loan Sales Market

Sperry Van Ness Asset Recovery Team announces strategic partnership making it the nation’s largest loan sale advisory firm.

Quote start“While many firms talk about their ability to provide full service solutions to financial institutions in regard to distressed assets, few truly have the capability to do so,” said Kevin Maggiacomo, President and CEO of Sperry Van Ness.Quote end

Irvine, CA (PRWEB) November 19, 2010

Sperry Van Ness International(“SVNI”), one of the world’s leading commercial real estate advisory & brokerage firms announced today the Sperry Van Ness Asset Recovery Team(“SVNART”) has entered the commercial loan sales arena. This expansion into the commercial loan sales marketplace occurred as a result of an exclusive strategic partnership formed with Benewolf, a premier provider of loan sale advisory services. As a result of this strategic partnership, SVNART immediately becomes the nation’s largest loan sale advisory team in terms of trained advisors.

SVNART provides lenders with a single source solution to distressed asset sales at any stage of asset impairment from performing loans, to non performing loans, to litigation, to bankruptcy, to foreclosure and through the deed in lieu or title recovery process. With the newly added capabilities SVNART can advise a client on maximum asset recovery, selling one off or pooled loan assets, conduct date certain sales, electronic auctions, live outcry real estate auctions or single negotiated real estate transactions.    

“While many firms talk about their ability to provide full service solutions to financial institutions in regard to distressed assets, few truly have the capability to do so,” said Kevin Maggiacomo, President and CEO of Sperry Van Ness. Jerry Anderson, CCIM, Executive Managing Director of SVNART added, “We are now able to advise financial institutions at every stage of the asset recovery continuum whether they should sell the physical asset or the underlying loan and then provide the expertise and platform to assure a certainty of execution – few firms have this capability and certainly not with the scope and scale that we now offer.” Anderson further added, “no other commercial real estate firm offers a fully integrated array of advisory services including brokerage, leasing, asset & property management, work-out & restructuring services, loan sales, electronic loan review & bidding platform, and real estate auction services, which are state specific real estate license compliant in every state.”

While many firms in the industry are consolidating, Sperry Van Ness is again bucking the trend by continuing aggressive expansion plans. “We continue to look for strategic opportunities that place us in a position to better serve our clients, and our new relationship with Benewolf gives testimony that we’re not just talking about growth, we’re delivering it,” noted Maggiacomo.

Moreover, Anderson stated that “because we are now the largest trained loan sale advisory sales force in the world, lenders can leverage a totally integrated distressed asset disposition system to help them through any phase of impairment while maximizing lender recoveries whether dealing with a performing or non-performing loan or even REO assets.” Best of all added Anderson, “All of this happens within the Sperry Van Ness model of compensated cooperation and collaboration which is revolutionary in the loan sales advisory arena.”    

To learn more about the Sperry Van Ness Asset Recovery Team, please visit our website at http://www.svnart.com, or call (877) 765-3786

About Sperry Van Ness
Sperry Van Ness International, headquartered in Irvine, CA. Ranked as one of the most recognized commercial real estate brands in the US by the Lipsey Co., SVN is also one of the largest commercial real estate franchisors in the world with franchisees in 3 countries, 38 states, and 153 markets. Sperry Van Ness franchisees and their Advisors have completed more than $39 Billion dollars in sales volume on more than 12,000 transactions in the last 4 years alone.

Media Contact:
General media inquiries and interview requests should be directed to:
Kristina Allen
Sperry Van Ness International
18881 Von Karman Ave, Suite 800 | Irvine, CA 92612
Phone 888.311.0605 | Fax 949.606.8319