Panama Canal and Port of Rotterdam team up to promote shipping lane

The Panama Canal and the Port of Rotterdam announced that they signed a Memorandum Understanding 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 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.

Source: Panama Canal Authority

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