Ports of Cork and Indiana sign memorandum of understanding

The Port of Cork Company (PoCC) and Ports of Indiana have signed a Memorandum of Understanding (MoU) to explore the development of an inaugural Ireland-to-Indiana express container shipping service.

The MoU presents what has been described as a “valuable opportunity” to connect Cork with the only container service transporting entirely on water to the Chicago market, providing access to Cork via a rail network to major logistics hubs on both the east and west coasts of the United States (US).

The MoU was signed in the presence of Governor of Indiana, Eric J. Holcomb, Indiana secretary of state, David Rosenberg, and Ports of Indiana CEO, Jody Peacock, along with the Mayor of the County of Cork, councillor Joe Carroll, and Deputy Lord Mayor of Cork City, councillor Honore Kamegni.

Donal Crowley, interim CEO at the PoCC, Conor Mowlds, chief commercial officer at the PoCC and Conor Healy, CEO at Cork Chamber were also present.

“Fostering a close direct trade relationship between Cork and the Ports of Indiana would bring a major boost to the southern region and the national economy,” said Mr Kamegni.

“I look forward to seeing the many benefits this collaboration could bring, creating new avenues for growth and prosperity that will benefit both our regions for years to come.”

Ireland is currently the number one importer to the state of Indiana, with shipments valued at $20.9 billion (€19.3 billion) for 2023.

The primary goods traded between Ireland and Indiana are pharmaceuticals and organic chemicals, both key exports for Ireland and major imports for Indiana, home to global pharmaceutical leader Eli Lilly, which also has two Cork-based locations.

Mr Holcomb said: “Ireland is one of our most important partners in the world, and building strong connections between our countries is critical to support our growing economies.

“This new partnership will allow our ports to explore shared initiatives and new opportunities to leverage our tremendous port resources.”

Mr Crowley said the MoU marks a historic moment for the Port of Cork and represents a significant opportunity for Ireland’s economy.

“By linking Cork directly to the greater Chicago, northern Indiana market—the heart of America’s logistics network—this partnership opens a crucial trade gateway to the United States.”