Panama and Rotterdam port authorities sign trade promotion MoU

PORT OF ROTTERDAM: September 17, 2019. The Panama Canal and the Port of Rotterdam have signed an MoU to promote international trade between Europe and the West Coast of South America.

The agreement reflects a period of continued growth for both organisations. Last month the Port celebrated a new transshipment record for the first six months of 2019 with 240.7 million tons handled, a 3.4 percent year-on-year increase.

While on August 16 the Canal set a new daily tonnage record of 1.706 million Panama Canal tons (PC/UMS) before welcoming the 7,000th Neopanamax transit since the inauguration of the Expanded Canal in 2016.

The two port authorities say they plan 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 MOU 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 it includes the exchange of market studies, transit data and modernizations plans, as well as joint training programmes, studies and marketing.