Port Tampa Bay Receives Shipments of Large Industrial Equipment to be Sold at Auction - Global Trade Magazine
  January 29th, 2016 | Written by

Port Tampa Bay Receives Shipments of Large Industrial Equipment to be Sold at Auction

Sharelines

  • Receipt of equipment shipment is an opportunity to use Port Tampa Bay’s FTZ to support business development.
  • Ro/ro cargo is one of Port Tampa Bay’s targeted areas for growth and diversification.
  • Port Tampa Bay is Florida’s largest port and the largest economic engine in west central Florida.

In its ongoing efforts toward diversification, Port Tampa Bay received the first of two huge shipments of heavy equipment, arriving from Chile and Peru, to be sold in the world’s largest industrial equipment auction being held by Ritchie Bros. in Orlando, Florida, next month.

The majority of the equipment selling in Ritchie Bros.’ multi-day Orlando auction will be stored at its permanent site in Davenport. Equipment that is non-EPA compliant and cannot be used in the United States will be stored in the port’s Foreign Trade Zone, sold by photo at Ritchie Bros.’ auction and then likely re-exported by the new owner to Latin America or overseas.

“Port Tampa Bay is proud to be partnering with Ritchie Bros.,” said the port, in a statement, “as this is a great opportunity to utilize the port’s Foreign Trade Zone #79 to help support business development efforts, which was one of the port’s key objectives when it assumed management and administration of the FTZ from the Tampa Hillsborough EDC.  This new business also shines a spotlight on the port’s capabilities and expertise in handling ro/ro cargo, one of the port’s targeted areas for growth and diversification.”

Port Tampa Bay is Florida’s largest port and the largest economic engine in west central Florida, supporting nearly 80,000 jobs and generating almost $15 billion in annual economic impact. The port handles a wide array of bulk, breakbulk, containers and roll-on/roll-off cargoes.

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