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Exports from Maine are expected to rise with an expansion and rail connection at the International Marine Terminal in Portland. Work overseen by the Maine Department of Transportation will include relocation of rail track, reconfiguration and expansion of the IMT container yard and installation of a traffic signal at the Beach and Commercial Street intersection.
3/5/2014 , Portland Daily Sun
Maine economy may feel effects of Canadian dollar’s decline (PDF)
The loonie, now down to 90 U.S. cents, is expected to fall to 85 cents this year, making Maine goods and vacations more expensive for Canadians.
3/4/2014 , Portland Press Herald
Maine trade mission to enhance ties to Iceland (PDF)
Gov. Paul LePage will travel to Iceland in June for a trade mission meant to foster business and cultural connections between Maine and the island nation near the Arctic Circle. News of the trip comes a month after the Maine International Trade Center, a quasi-state agency, created an office to build trade with the North Atlantic region, and nearly a year after an Icelandic steamship company made Portland its only port of call in the United States and its logistics hub for North America.
1/15/2014 , Portland Press Herald
LePage to lead June trade mission to Iceland, United Kingdom (PDF)
Gov. Paul LePage will lead a trade mission to Iceland and the United Kingdom this summer to explore opportunities for Maine businesses to increase exports to those countries, according to a news release from the Maine International Trade Center. The trade mission, scheduled for June 8-13, was born of the arrival in Maine of Eimskip, an Icelandic shipping company that in early 2013 moved its U.S. logistical hub from Virginia to Portland, offering Maine businesses the first direct shipping connection to Europe in 30 years.
1/15/2014 , BDN Maine
New trade office names chief (PDF)
Dana Eidsness, a former director of international business for the Vermont Chamber of Commerce, has been hired by the state to run the newly established Maine North Atlantic Development Office. The office, housed at the Maine International Trade Center in Portland, is expected to develop increased trade and investment opportunities for Maine with North Atlantic markets and will pursue Maine's involvement as an observer in the Arctic Economic Council.
1/14/2014 , Mainebiz
Maine creates office to coordinate North Atlantic trade opportunities (PDF)
The Maine International Trade Center on Friday announced the creation of a new office to focus state efforts on boosting international trade opportunities in the North Atlantic region for Maine businesses.
12/6/2013 , BDN Maine
LePage departs Sunday on trade mission to Mexico, Colombia (PDF)
Gov. Paul LePage and a contingent of Maine business leaders will depart on Sunday for a five-day trade mission to Mexico and Colombia. The group, which includes representatives from eight Maine organizations, will arrive in Mexico City on Sunday and spend several days there before traveling to Bogota, the capital of Colombia.
10/25/2013 , BDN Maine
Maine companies look to Canada, China in export market for state economic growth (PDF)
Gov. Paul LePage last year led his first gubernatorial trade mission abroad, accompanying 14 Maine businesses and organizations on a trip to mainland China and Hong Kong...This year, LePage and Maine businesses interested in expanding their global reach have their sights set south. In late October, the governor, Maine business representatives and others will take off for Mexico City and Bogota, Colombia. They’re making the trip as exports come to represent a greater share of business for more Maine companies, a greater share of the state’s jobs and a greater share of the state’s hopes for economic growth.
8/5/2013 , BDN Maine
Companies capitalize on Latin American markets (PDF)
Three months after setting up an office in Bogota, Colombia, South Portland-based Allagash International is lining up what could be its biggest job yet in that South American country...But success there didn't come from just showing up..."When you go (to Latin America), you have to have a three- or five-year business plan," Ingram says...That's his advice to other Maine companies looking to make inroads in Latin America aboard the Maine International Trade Center's first trade mission to Colombia and its second to Mexico this fall.
6/11/2013 , Mainebiz
LePage announces trade mission to Mexico, Colombia (PDF)
Gov. Paul LePage will make his second international trade trip, going to Mexico and Colombia this fall to promote Maine businesses in those growing markets. LePage and the Maine International Trade Center will lead a group of Maine businesses and schools on the trip. The last state trade trip to Mexico occurred in 2001. This will be the first to Colombia.
6/1/2013 , Portland Press Herald
As polar ice recedes, Maine could become a logistical hub (PDF)
Maine can take advantage of a "historic shift" happening in global commerce to become a major logistical hub for North America, the president of Iceland said on Friday at an event organized by the Maine International Trade Center. In the last four years, polar ice in the Arctic Ocean has receded to the point where northern shipping routes can be used to reach Asia from the North Atlantic.
5/31/2013 , BDN Maine
President of Iceland visits Maine
The President of Iceland was in Maine Friday, serving as keynote speaker for Maine International Trade Day. President Olafur Ragnar Grímsson said we all need to start tilting our world view to the north.
5/31/2013 , WCSH6
Iceland president to visit Maine (PDF)
The president of Iceland will be in Maine next month to show his support for Eimskip, the Icelandic shipping company that has made Portland its North American hub for trans-Atlantic container service. President Ólafur Ragnar Grímsson will be the keynote speaker May 31 at Maine International Trade Day. He is expected to talk about business opportunities that may be created as global warming shrinks the polar ice cap.
4/23/2013 , Portland Press Herald
Cold storage needed to boost new shipping service (PDF)
When Icelandic container shipping service Eimskip arrived at Portland's International Marine Terminal on March 29 with its first shipment — bottled water and frozen fish — it received a warm welcome in a city where inconsistent container service has stymied attempts to build robust import/export operations. But warmth takes a backseat to cold when it comes to growing the port into a major East Coast shipping hub, according to Darrell Pardy, president of Portland-based Bristol Seafood.
4/15/2013 , Mainebiz
ME exporters change tack in marketing abroad (PDF)
Think marketing in the United States, and a few methods spring immediately to mind: advertising, publicity, social media, and maybe trade or consumer shows. But when marketing to foreign customers, Maine's exporters have to take a broader, more strategic approach: Rather than focusing on which communication tools are best suited to reaching and persuading their products' end-users, exporters are more concerned with establishing and nurturing workable market channels.
4/15/2013 , Mainebiz
Hopes high as shipper starts Maine service (PDF)
The container ship Skogafoss is due to arrive in Portland late Friday night to deliver containers filled with bottled water from Iceland and frozen fish from Iceland and Norway. It's not much – just 40 containers – but it's the start of the first direct container service between Maine and Europe in 33 years.
3/29/2013 , Portland Press Herald