The Panama Canal has signed a memorandum of understanding with the Port of Itaqui to promote the shipment of grains and other cargoes in the commercial route from Brazil through the Panama Canal to destinations located in the Pacific Ocean.
Itaqui, located in São Luís, Maranhão, is the Brazilian port closest to the Panama Canal. 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, which was signed by Panama Canal Administrator Jorge L. Quijano and Maranhão Port Administration Company President Ted Lago, 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.
Brazil ranks among the top producers of grains worldwide. In 2017, the Port of Itaqui moved 19.1 million tons of cargo.
Dry bulk vessels transporting grains and other dry commodities accounted for roughly 22.2 percent of the Panama Canal’s total oceangoing commercial transits during its fiscal year 2018, which ended Sept. 30.
Itaqui, located in São Luís, Maranhão, is the Brazilian port closest to the Panama Canal. 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, which was signed by Panama Canal Administrator Jorge L. Quijano and Maranhão Port Administration Company President Ted Lago, 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.
Brazil ranks among the top producers of grains worldwide. In 2017, the Port of Itaqui moved 19.1 million tons of cargo.
Dry bulk vessels transporting grains and other dry commodities accounted for roughly 22.2 percent of the Panama Canal’s total oceangoing commercial transits during its fiscal year 2018, which ended Sept. 30.
