Executive Briefings

Panama Canal Authority Extends Ties to More U.S. Ports

The Panama Canal Authority (ACP) continues to strengthen its ties to U.S. ports that expect to benefit from the widening of the canal.

The ACP and the Tampa Port Authority (TPA) renewed their memorandum of understanding to increase cooperation and bolster trade via the canal to the eastern United States. The two entities had first signed an MOU in 2005 and renewed it in 2008. The latest agreement is renewable for an additional 5 years as well.

The partners intend to focus on sharing of data and information on modernization and improvement, as well as technology, and to exchange market studies to help each party develop business.

Just last week, the South Carolina State Ports Authority (SCSPA) renewed its partnership with the ACP, too, with the signing of an MOU that is renewable for an additional 3 years. The agreement between the two parties was first signed in July 2003.

Areas of cooperation between the ACP and the SCSPA, which owns and operates marine terminals in Charleston and Georgetown, S.C., include information sharing, joint marketing efforts, exchange of data, capital improvement plans, training and technology.

The ACP has also recently renewed its partnerships with the Port of Houston and the Maryland Port Administration, and also with Florida's Port Manatee.

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The Panama Canal Authority (ACP) continues to strengthen its ties to U.S. ports that expect to benefit from the widening of the canal.

The ACP and the Tampa Port Authority (TPA) renewed their memorandum of understanding to increase cooperation and bolster trade via the canal to the eastern United States. The two entities had first signed an MOU in 2005 and renewed it in 2008. The latest agreement is renewable for an additional 5 years as well.

The partners intend to focus on sharing of data and information on modernization and improvement, as well as technology, and to exchange market studies to help each party develop business.

Just last week, the South Carolina State Ports Authority (SCSPA) renewed its partnership with the ACP, too, with the signing of an MOU that is renewable for an additional 3 years. The agreement between the two parties was first signed in July 2003.

Areas of cooperation between the ACP and the SCSPA, which owns and operates marine terminals in Charleston and Georgetown, S.C., include information sharing, joint marketing efforts, exchange of data, capital improvement plans, training and technology.

The ACP has also recently renewed its partnerships with the Port of Houston and the Maryland Port Administration, and also with Florida's Port Manatee.

Read Full Article