Panama Canal Signs Dry Cargo Deal with Brazilian Port

Workers are seen under the logo of the Panama Canal at the Miraflores locks, a day before the inauguration of the Panama Canal Expansion project, in Panama City, Panama June 25, 2016. REUTERS/Alberto Solis

The Panama Canal has signed an agreement with Port of Itaqui, located in the northeastern region of Brazil, to promote the shipment of grains and other cargoes.

Under the Memorandum of Understanding (MOU), the parties would target shipments in the commercial route between the north of Brazil through the Panama Canal to destinations located in the Pacific Ocean.

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.

“We look forward to a very productive relationship while we work together on our mutual objectives of improving and facilitating global trade,” said Panama Canal Administrator Jorge L. Quijano.

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