Port of Baltimore makes deal with Panama Canal

The Maryland Port Administration has reached an agreement with the agency that runs the Panama Canal to work together to promote use of an all-water route between the Pacific Ocean and the Port of Baltimore.

The memorandum of understanding, announced Monday, calls for the port administration and the Panama Canal to launch joint efforts on marketing and information-sharing. The Panama Canal is expected to play a more important role in trade between Asia and the East Coast after a project to expand the waterway is completed in 2014. Maryland is seeking a private partner to help finance the creation of a 50-foot berth at Seagirt Marine Terminal to accommodate the large ships that will then be able to use the canal.

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