# Panama Canal, Port of Itaqui sign agreement - FreightWaves

> The Panama Canal and the Port of Itaqui signed a memorandum of understanding to promote grain and other cargo shipments through the canal to Pacific destinations. The agreement covers joint marketing and sharing trade-flow data. Dry bulk vessels carried about 22.2 percent of the canal's oceangoing commercial transits in fiscal 2018.

- Date: 2018-12-10 · published 2018-12-10T12:00:00.000Z
- Category: logistics · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/61481-panama-canal-port-of-itaqui-sign-agreement-freightwaves
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Promoting northern Brazil grain routes through Panama may marginally increase competition for Asian-bound soybean shipments and affect ocean freight routing.

## Read by commodity

- SOY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2018-12-10 | [Panama Canal Signs Agreement with Port of Itaqui - Autoridad del Canal de Panamá](https://feedsoft.ai/events/61480-panama-canal-signs-agreement-with-port-of-itaqui-autoridad-del-canal-de-panama.md) | -1.8% | -1.1% |
| SOY | 2019-04-26 | [The future of the Panama Canal: What’s next for grain and coal shipping - FreightWaves](https://feedsoft.ai/events/59492-the-future-of-the-panama-canal-what-s-next-for-grain-and-coal-shipping.md) | -3.3% | -4.4% |
| SOY | 2021-02-26 | [Study shows use of Panama Canal may reduce freight costs on 'Northern Arc' exports by 35% - DatamarNews](https://feedsoft.ai/events/48523-study-shows-use-of-panama-canal-may-reduce-freight-costs-on-northern-arc.md) | +0.7% | +0.6% |
| SOY | 2018-03-16 | [Panama Canal signs MoU to promote grain shipments from Brazil](https://feedsoft.ai/events/65912-panama-canal-signs-mou-to-promote-grain-shipments-from-brazil.md) | -1.1% | +1.3% |
| SOY | 2021-02-26 | [Costly Panamax freight sees Capesize ore carrier loading grains](https://feedsoft.ai/events/48520-costly-panamax-freight-sees-capesize-ore-carrier-loading-grains.md) | +0.7% | +0.6% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/panama-canal-port-of-itaqui-sign-agreement

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.