HALIFAX, Nova Scotia—The Halifax Port Authority (HPA) has taken a significant step to create ties between the east coast port and the Panama Canal.
The Panama Canal Authority (ACP) and the HPA have pledged to work together to identify business opportunities, increase awareness of each others’ ports and participate in joint marketing projects. The agreement, a memorandum of understanding (MOU), is the first between a Canadian port and the Panama Canal.
“Asian cargo is growing at the Port of Halifax, and with the Panama Canal expansion nearing completion, large ships will soon have another route option available to and from North America and the Port of Halifax,” said Karen Oldfield, HPA president and CEO.
“With Halifax’s transit time advantages for our Asian target markets, it makes sense for us to establish a strategic partnership with the Panama Canal Authority and this MOU will be mutually beneficial for both ports.”
ACP administrator Jorge Quijano explained why the arrangement will benefit Panama.
“The Memorandum of Understanding with the Halifax Port Authority reinforces the importance of the ‘All-Water Route’ through the Panama Canal.
“With the current economic climate, it has never been more important to provide optimal customer service, and this agreement will enable us to fully cooperate and work together for continued trade between Asia and the East Coast of Canada.”