Scroll

14 Dec 2018 / Panama Canal, Panama

Canal signs agreement with Port of Itaqui

The Panama Canal signed a Memorandum of Understanding (MOU) with Port of Itaqui, located in the northeastern region of Brazil, to promote the shipment of grains and other cargoes in the commercial route between the north of Brazil through the Panama Canal to destinations located in the Pacific Ocean.

The Port of Itaqui, located in São Luís, Maranhão, is the Brazilian port closest to the Panama Canal and has the infrastructure and connectivity necessary to move these exports to markets in Asia. With this agreement, the Panama Canal looks to promote the use of the Panamax Locks for grain transits originating in northern Brazil and traveling to markets in Asia…

…The agreement will allow the Panama Canal and Port of Itaqui to conduct joint marketing activities and exchange market studies and information on trade flows to support modernization and improvement programs…

…The MOU's signing comes at a time when Brazilian grain exporters are enjoying considerable increases in shipment volumes. From a Panama Canal traffic standpoint, dry bulk vessels transporting grains and other dry commodities accounted for roughly 22.2 percent of the waterway's total oceangoing commercial transits during its fiscal year 2018, which covers the period from October 1, 2017 to September 30, 2018…

(For information about operations in Panama contact GAC Panama at [email protected])

Source: Extracts from Panama Canal Authority (www.pancanal.com) Press Release dated 10 December 2018

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.

Make an
enquiry

enquiry icon

Find your
country

country icon