In a strategic move, the Panama Canal Authority (ACP) and the Virginia Port Authority (VPA) have reaffirmed their existing alliance through another Memorandum of Understanding (MoU).
The latest MoU will help to increase growth and trade, facilitate the flow of information sharing, and promote the "all-water-route" from Asia to the US
East Coast via the Panama Canal.
VPA, the only US East Coast port with the existing capability to handle post-panamax vessels, is positioning itself for the increased demand from the planned Panama Canal expansion.
