Panama Canal Authority embraced by Long Beach, too

“While It is true that some shippers regard the Canal as a threat to our port when it comes to capturing trade from Asia, this agreement simply tells the world that we are seeking opportunities in Latin America as well,” said the port’s information director, Art Wong.

By ·

In a move that at first glance may seem “counter intuitive,” officials from the Port of Long Beach and the Panama Canal Authority have agreed to a series of efforts to promote more trade between Latin America and the U.S.

“While It is true that some shippers regard the Canal as a threat to our port when it comes to capturing trade from Asia, this agreement simply tells the world that we are seeking opportunities in Latin America as well,” said the port’s information director, Art Wong.

With the signing of a Memorandum of Understanding, the two authorities agreed to exchange marketing ideas aimed at boosting trade between Long Beach and countries in the East Coast of South America and the Caribbean, via the Panama Canal. The MOU also calls for an exchange of ideas in the areas of engineering, dredging technology and environmental practices.

“Latin America is a relatively small but an emerging trade partner for our region,” said the port’s of Long Executive Director Richard D. Steinke. “This partnership will help increase our reach to this market as it expands.”
“The Port of Long Beach is a key logistics leader, and we look forward to promoting the Canal to increase international trade among Long Beach, Latin America and the Caribbean,” said Panama Canal Authority (ACP) Administrator/CEO Alberto Alemán Zubieta.

The Panama accord covers marketing activities and the exchange of technical expertise in several areas, including engineering, training and environmental programs.

“This accord expands the global network of port authorities, like the Port of Long Beach and the ACP, who are dedicated to green, sustainable and efficient development,” said Long Beach Harbor Commissioner Mario Cordero. “The Port of Long Beach is dedicated to growing that network and has signed similar agreements with several ports in China, Europe and Mexico.”

Wong told LM in an interview that trade with Latin America accounts for a small percentage of the port’s annual trade volume, Cordero and other officials hope to tap into emerging manufacturing markets to boost future trade.
“Mr. Cordero has really been leading the effort to drive ‘green initiatives’ in Panama and Latin America, too,” said Wong.

The Canal is undergoing an expansion project expected to be completed by 2014, which will allow larger ships to transit through.

The MOU further expands an international network of maritime entities dedicated to pursuing green, sustainable developments. The Port of Long Beach has similar MOUs in place with several ports in China, Europe and Mexico.


About the Author

Patrick Burnson, Executive Editor
Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at [email protected]

Subscribe to Logistics Management Magazine!

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!

Article Topics

Green · Logistics · Technology · Trade · All Topics
Latest Whitepaper
B2B Sellers Prefer a Unified Approach for Ecommerce
A new study from Forrester Consulting, commissioned by NetSuite, found that many midmarket, B2B sellers say their ecommerce solutions have contributed to their growth in sales, new customer acquisitions and improved customer relationships.
Download Today!
From the August 2016 Issue
A growing number of low-cost lift trucks offer new avenues for pairing equipment and applications, but less cautious buyers might find that small up-front costs come at a steep price. Selecting the proper lift truck, lift truck tips 2016, Choosing the right Lift Truck
Megatrends in ocean freight
Ocean Cargo Roundtable: What’s in store for 2017?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
2016 Quest for Quality: Winners Take the Spotlight
Which carriers, third-party logistics providers and U.S. ports have crossed the service-excellence...
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...

Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....
Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...