Representatives from Ports of Indiana and Port of Antwerp-Bruges met in Antwerp to sign a Memorandum of Understanding (MOU) to advance key economic and environmental port initiatives. The landmark agreement formalizes a plan to work together to advance economic development, container shipping, decarbonization, port security and technology integration.
The delegations included Jody Peacock, Chief Executive Officer for Ports of Indiana, Wim Dillen, International Development Manager for Port of Antwerp-Bruges, and representatives from Applied Research Institute of Indianapolis and Voka, the largest business network in Flanders.
The agreement was a result of past collaborations between the ports, a recent trade mission by Indiana Governor Eric Holcomb to Belgium in June, and an MOU between the State of Indiana and the Government of Flanders signed Dec. 8, 2023, in Indianapolis, that called for “cooperation and information sharing between the Ports of Indiana and the Flemish sea ports.”
With more than 300 liner services and 1,200 destinations, Port of Antwerp-Bruges is the second largest port in Europe. It is an important lifeline for the Belgian economy, supporting employment for 164,000 people and generating added value of more than €21 billion annually. The port handles 290 million tons of international maritime cargo per year and is home to Europe’s largest integrated chemical cluster.
Being centrally located in the U.S., Indiana is home to the median center of the U.S. population and is a national leader in business, steelmaking and logistics. It ranks first among U.S. states in steelmaking, pass-through interstates, and various rail cargoes, and was recently ranked by Forbes as the #1 place to start a business in the U.S.
For maritime shipping, Indiana ranks 13th among the 50 U.S. states, handling 54 million tons annually on the Great Lakes and Ohio River, with international connections through the St. Lawrence Seaway to the Atlantic Ocean and the inland river system to the Gulf of Mexico. The Southern Indiana Port District ranks as the 22nd largest port in the U.S. while the Northern Indiana Port District ranks 25th. Ports of Indiana is a statewide port authority operating three ports that contribute $8.7 billion annually to Indiana’s economy.
In June, Ports of Indiana launched “The Indiana Container Initiative” to establish new container terminals at multiple locations in the state and a received approval from U.S. Customs & Border Protection to begin developing the state’s first international sea cargo container terminal at Ports of Indiana-Burns Harbor, scheduled to open in 2026. This new terminal will offer the first all-water container route between Europe and the Chicago metropolitan area, which is one of the largest container hubs in North America.
The Burns Harbor port operates on 600 acres within sight of downtown Chicago and has 75 acres available for container operations with specialized Foreign-Trade Zone, logistics, packaging and refrigerated container services. The Chicago region is a preeminent hub for intermodal freight handling 50 percent of the country’s intermodal trains, $3 trillion in goods and 16 million TEUs annually, more than double any U.S. seaport.
Through the new MOU, the ports will explore the opportunity to develop container trade to support key industries, including advanced manufacturing, semiconductors, microelectronics, clean energy, life sciences, agriculture, hardwoods, steel, and soybean production. The collaboration also reinforces Ports of Indiana’s commitment to the Great Lakes St. Lawrence Regional Maritime Strategy which prioritizes growing trade with Antwerp for steel, grain, and breakbulk cargoes.
The MOU is also intended to strengthen each of the participants’ commitments to decarbonization initiatives by sharing best practices and exploring the development of a “Green Shipping Route” from Belgium to Indiana that could significantly reduce carbon emissions versus traditional supply chain routings.
Tags: Green Shipping, Port of Antewerp, Ports of Indiana
Recent Posts
PM Modi praises progress in the green energy sector
India will find it difficult to slash fossil fuel imports: Gadkari
Hardeep Singh Puri urges Gadkari to promote E100-compatible vehicles
NFCSF invites lifting ban on ethanol production
Centre takes major step towards ethanol production
Stellar speaker list confirmed for TACCC conference
Need to bring startups into the green hydrogen sector: Joshi
Ethanol push turns India into corn importer