Panama Canal Authority signs first European MoU with Antwerp

 

THE Panama Canal Authority and the Antwerp Port Authority have signed a Memorandum of Understanding (MoU) to foster commercial activity between the two authorities.

The MoU is the first of its kind between the ACP and a European port, though they are common in the Americas. While seemingly empty public relations gestures, they are also regarded as quasi-commitments to use or encourage the use of the Panama Canal, which then can then bolster lender confidence in financing the waterway's expansion.

This agreement aims to increase cooperation, such as joint marketing and coordination on modernisation and expansion projects, and help boost trade between the Port of Antwerp and the west coast of South America via the Panama Canal, a statement from the Panama Canal Authority said.

"This MOU differs from previously signed port agreements, because it allows us to exchange information with the Port of Antwerp regarding ship handling techniques for larger vessels that are unique to both the port and the expanded Panama Canal," said canal CEO Aleman Zubieta.

"We share a common interest in researching the proper use of tugboats, ensuring safe and efficient lockage operations without the use of locomotives, as well as carrying out cross-training activities for pilots and tugboat captains on large vessels and extensive ship simulation exercises," he said.

The MOU between the ACP and the Antwerp may also include exchange of market studies and technological interchange of advanced capabilities and programmes.
(Source:www.schednet.com)