Montreal Port Authority signs a cooperative agreement with Mundra Port

Image Source: marineinsight.com

On a trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port, Gujarat State, north of Mumbai. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices, Port of Montreal said in its press release. Mundra Port is India’s largest commercial port. A diversified port, it handles liquid and dry bulk and more than three million TEUs in annual container traffic. It is operated by Adani Ports and Special Economic Zone Limited (APSEZ).

Asia accounts for 25% of the Port of Montreal’s market and is by far the fastest growing segment. India alone accounts for 5%, yet was virtually non-existent as a market just a few years ago. The Port of Montreal and Mundra Port both receive container ships, notably from such major international shipping lines as MSC and Hapag-Lloyd, CMA CGM, OOCL and Maersk. They ensure connections between ports on North America’s East Coast and Mundra through transshipment ports in the Mediterranean.

Mundra Port belongs to the Adani Group, a leading player in India’s transportation logistics industry.

The signing of the Cooperative Agreement was followed by a reception organized in honour of the Port of Montreal by the Port of Antwerp, Belgium, which also has a Cooperative Agreement with the MPA.

Meanwhile, Port of Montreal, operated by the Montreal Port Authority (MPA), the Port of Montreal is the second largest port in Canada and a diversified transshipment centre that handles all types of goods: containerized and non-containerized cargo, liquid bulk and dry bulk.

Source : Strategic Research Institute, SteelGuru