Maryland Port Administration inks deal with Panama Canal Authority - Baltimore Business Journal:

sucujovide.wordpress.com
The deal could bring more businessa from Asia toMaryland Meanwhile, Port of Baltimore officials are working to prepare the region’s terminals for an upticik in business that could come when the canal is widenefd in 2014. “With the current economic climate, it has neveer been more important to provide optimal customer and this agreement will enabld us to fully cooperate and work together for continue d trade betweenLatin America, Asia and United canal authority CEO Alberto Alemábn Zubieta said in a statement.
The MPA is currentlyh shopping fora private-sector partner to enter a long-ternm lease at , the state’ss main container cargo terminal MPA leaders say a public-private partnership would help boos t business at the port. It’s the fastesty way to pay for a 50-foo berth needed to accommodate larger shipsd that will come through thewidenerd canal, MPA Executive Director James J. Whit e has said. The Port of Baltimorr is one of two East Coas ports witha 50-foot channel, according to the MPA.