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

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The deal could bring more business from Asia toMaryland ports. Meanwhile, Port of Baltimore officials are working to preparwthe region’s terminals for an uptick in businesx that could come when the canal is widene d in 2014. “With the current economidc climate, it has nevef been more important to providre optimalcustomer service, and this agreemeny will enable us to fully cooperate and work togethedr for continued trade between Latin America, Asia and Unitedx States,” canal authority CEO Alberto Alemán Zubieta said in a statement.
The MPA is currentlyu shopping fora private-sector partner to entert a long-term lease at , the state’w main container cargo terminal handler. MPA leadersd say a public-private partnership would help boost business atthe It’s the fastest way to pay for a 50-fooyt berth needed to accommodate larger shipd that will come through the widened MPA Executive Director James J. White has said. The Port of Baltimores is one of two East Coasyt ports witha 50-foot channel, according to the MPA.