Ports and Terminals

Panama Canal Signs Agreement with Port of Rotterdam

Panama Canal Signs Agreement with Port of Rotterdam
Danny Gill

The Panama Canal and the Port of Rotterdam signed a Memorandum Understanding (MOU) to promote international trade between Europe and the West Coast of South America. Through this agreement, the two organizations will work closely to optimize operations while encouraging economic growth and the exchange of information on new business development opportunities, including logistics parks and port development projects.

“The Expanded Canal continues to reshape global trade routes today, reinforcing our position as the logistics hub of the Americas,” said Vice President for Complementary Businesses Rafael Pirro. “We are proud to be partnering with the Port of Rotterdam to ensure our customers experience the most efficient, consistent service and develop new business opportunities.”

The agreement, comes at a period of continued growth for both the Panama Canal and Port of Rotterdam. Last month, the Port celebrated a new transshipment record for the first six months of 2019 with 240.7 million tons handled, marking a 3.4% increase compared to 2018. During the same month, the Canal set a new daily tonnage record of 1.706 million Panama Canal tons (PC/UMS) on August 16, not long before welcoming the 7,000th Neopanamax transit since the inauguration of the Expanded Canal in 2016.

The MOU is renewable after two years and will allow for both parties to share information on their technological capabilities, including the implementation of digital tools and applications aimed at improving transport efficiency and cost reduction. Also, the MOU includes the exchange of market studies, transit data and modernizations plans, as well as joint training programs, studies and marketing activities between the two parties.

In addition to their roles as regional logistics hubs, the Port of Rotterdam and the Panama Canal share a commitment to sustainable shipping. They have already collaborated closely through their work as members of the Global Industry Alliance (GIA), a public-private partnership initiative of the International Maritime Organization (IMO). The GIA, comprised of maritime industry leaders, works to improve energy efficiency and reduce greenhouse gas emissions in international shipping.

Ports and Terminals
Danny Gill

Danny is a Digital Marketing and Content Creation Manager for Airfreight Logistics and Logistics Manager (LM) and is quite the foodie. He’s always on the hunt for new and exciting dishes to sample, and is never one to back down from a spicy challenge. His travels have taken him around the world, and he’s been able to experience many different cultures (and food).

More in Ports and Terminals

The Port of Rotterdam Authority is intensifying its joint activities with parties in India, by signing two Memorandums of Understanding, appointing a Representative Office in India and supporting the establishment of a maritime university in collaboration with educational institutions in Rotterdam

Port of Rotterdam Authority Intensifies Activities in India

Danny GillOctober 18, 2019
Port of Hamburg Launches Cleaner Air Initiative

Port of Hamburg Launches Cleaner Air Initiative

Danny GillOctober 18, 2019
Kalmar Adds Automated Truck Handling to its AutoStrad Offering 

Kalmar Adds Automated Truck Handling to its AutoStrad Offering 

Danny GillOctober 15, 2019

Port of Rotterdam Authority Introduces Track & Trace Containers

Danny GillOctober 4, 2019
Port of Savannah Achieves 16.5% Growth in Container Volumes

Port of Savannah Achieves 16.5% Growth in Container Volumes

Danny GillSeptember 25, 2019
Port of Los Angeles Sets Another August Cargo Record

Port of Los Angeles Sets Another August Cargo Record

Danny GillSeptember 11, 2019

Hutchison Ports Thailand Welcomes Deputy Minister of Transport

Danny GillSeptember 10, 2019
Port of Amsterdam Tests Maritime Robotics Sailing Drone

Port of Amsterdam Tests Maritime Robotics Sailing Drone

Logistics ManagerAugust 22, 2019
Port of Rotterdam Authority Launches PortXchange

Port of Rotterdam Authority Launches PortXchange

Logistics ManagerAugust 20, 2019
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version