Under the framework of a permanent strategy, the Panamanian Canal Authority (ACP) has been forming strategic alliances with Eastern and Southern ports in the U.S., such as the ports Everglades, Florida, New Orleans, Louisiana, Philadelphia, Pennsylvania and Corpus Christi and Freeport in Texas. More deals are expected to be announced in the coming months.

The ACP and U.S. ports will cooperate on advertising and marketing, research and exchange of data, technical and personnel training.

The partnership also includes the "All-Water Route" from Asia to the U.S. East Coast through the Panama Canal.

The agreements are part of the ACP’s efforts to promote the Canal’s $ 5.25 billion expansion project, which is expected to be completed in 2014.

The vice president of market research and analysis at the ACP, Rodolfo Sabonge, said:"As we approach the culmination of our Canal expansion project - doubling its capacity and allowing the passage of vessels with greater lengths and widths – it is fundamental that best practices and information are shared and jointly marketed when the case warrants. "

Source: thebulletinpanama.com

More on this topic

Port Corpus Christi and Tianjin Port (Group) Signed A Memorandum of Understanding (MOU)

October 2011

“Agreement Aimed to Generate New Business through both Ports”

Tianjin, China – The Port of Corpus Christi and the Tianjin Port (Group) Co., Ltd signed a memorandum of understanding today. The Tianjin Port Authority hosted a delegation of the Port of Corpus Christi, led by City of Corpus Christi Mayor Joe Adame, for the official signing of the MOU.

The Panama Canal and Ports in USA

September 2011

The agreement between the Port of Corpus Christi and the Panama Canal reaffirms the importance of the extended waterway for the ports in the Eastern U.S and the Gulf.

A statement from the Panama Canal Authority (ACP) reads:

Panama City, September 14, 2011. -

With the signing of an agreement with the Port of Corpus Christi, Texas, the Panama Canal has reaffirmed the importance that the country has for the ports on the East Coast and U.S. Gulf as a result of the expansion of the waterway.

Panamanian Logistics Sector in 2011

February 2011

After a good 2010, Panama expects the logistics industry to continue to grow in volume and revenue during 2011.

Both government and the private sector are working together to improve conditions which will strengthen the sector's growth.

Among main events is the visit to Panama of the Retail Industry Leaders Association (RILA), one of the largest organizations of U.S.

Panama Canal renews alliance with Georgia Port Authority

September 2008

The Panama Canal Authority (ACP) and the Georgia Port Authority renewed their strategic alliance for three more years.

Areas of cooperation include joint marketing, exchange of information and technology, market studies, expansion plans, and training, according to a release from the ACP.