TMS Awards 2021TelestackCoaltrans Asia 2021Port of South LouisianaBühler GmbHVigan
  • TOC Events
  • Vigan
  • Cleveland Cascades Ltd
  • Van Aalst
  • Cimbria
  • Telestack

Panama Canal Signs Rotterdam MoU

Panama Canal Signs Rotterdam MoU

(Posted on 18/09/19)

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.

Located in the Netherlands, the Port of Rotterdam is not only an important transshipment hub, but also Europe's largest port-in 2018, the Port handled 468 million tons of cargo in Rotterdam alone.

Latest News

Work starts at Amsterdam’s Energiehaven

(Posted on 29/07/21)

This coming week, Rijkswaterstaat will see the start of preparatory work to remove contaminated dredged... Read more


ABP invests £8m for bespoke Frontier warehouse

(Posted on 26/07/21)

Associated British Ports (ABP) is investing £8 million to build a bespoke warehouse for valued... Read more


New Milwaukee tenant to focus on green infrastructure

(Posted on 26/07/21)

Port Milwaukee has announced a new long term lease arrangement with Perch Point, a limited liability... Read more


Sohar Port looks to India

(Posted on 20/07/21)

SOHAR Port and Freezone, in collaboration with the Federation of Indian Chambers of Commerce & Industry... Read more


ABP celebrates strong performance

(Posted on 20/07/21)

Associated British Ports (ABP), the UK’s leading ports group, has published its Annual Review... Read more


Record year for Pilbara Ports

(Posted on 15/07/21)

In a year when the Port of Port Hedland welcomed its first LNG-fuelled bulk carrier, the Panama-flagged... Read more


UWC and Acron agree on 500 hopper cars

(Posted on 15/07/21)

Research and production corporation, United Wagon Company, Russia's largest manufacturer of freight... Read more


Rail gateways outline pro-competitive combination benefits

(Posted on 11/07/21)

CN and Kansas City Southern have outlined how the proposed combination of CN and KCS will preserve and... Read more


ABP welcomes new £1m pilot launch vessel to Humber

(Posted on 11/07/21)

Associated British Ports (ABP) has welcomed the first of five new pilot launch vessels to the UK&rsquo... Read more


Eurochem and UWC agree hopper cars deal for mineral fertilizers

(Posted on 05/07/21)

EuroChem and Research and production Corporation, United Wagon Company, Russia's largest manufacturer... Read more


The Wolfson Centre for Bulk Solids Handling Technology CimbriaPort of StocktonTOC EventsTBA GroupCleveland Cascades Ltd
  • TMS Awards 2021
  • Sailors Society

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping