Panama Canal, IRPT Sign MoU

 Inland Rivers, Ports & Terminals (IRPT) has signed a Memorandum of Understanding with the Panama Canal Authority (ACP). This historic event marks the first ever global connection for IRPT. This Memorandum of Understanding is important to all of our inland river ports, terminals, and river-borne transportation services and will recognize the importance of promoting waterway shipping.

IRPT promotes foreign and domestic commerce using international trade routes, such as the Panama Canal. America’s inland ports are major sources of export and import generation for the economy and serve as feeder ports to coastal ports around the nation. Our Members contribute to the nations GDP and secure the nation’s global competitiveness.

The memorandum will allow IRPT and ACP to engage in joint marketing efforts, generate new shipping business and share data that may be helpful in forecasting future trade flows. Together, IRPT and ACP can create awareness of the benefits derived from the Canal expansion and optimize the existing inland transportation used to move commodities to and from the United States through the Canal.