Subscribe to our free, weekly email newsletter!


The Panama Canal Authority and Algeciras Bay Port Authority sign MOU

The news comes on the heels of last week’s Council of Supply Chain Management Professional’s annual conference in San Diego where the benefits of Spain’s leading container gateway were explained.
By Patrick Burnson, Executive Editor
October 06, 2010

The Panama Canal Authority (ACP) and the Algeciras Bay Port Authority (APBA) signed a memorandum of understanding (MOU) today to establish a strategic partnership to promote international commerce and logistic activities.

The news comes on the heels of last week’s Council of Supply Chain Management Professional’s annual conference in San Diego where the benefits of Spain’s leading container gateway were explained. The Port of Algeciras is located on the Spanish border of the Bay of Gibraltar. According to port statisticans, Algeciras has an annual throughput of more than 70 million tons and 3 million twenty-foot equivalent units (TEUs).

“As you can see by our global network for 2014,” said Rodolfo Sabonge, ACP’s corporate planning and marketing director, Algeciras figures prominently in our plans.”

Proof of that came in the in the MOU-signing in Panama City ceremony involving ACP Administrator/CEO Alberto Alemán Zubieta and APBA General Director José Luis Hormaechea Escós.

The MOU is renewable after two years and will allow for technological and data exchange between the two parties, as well as opportunities for joint marketing activities and modernization efforts. For example, the two entities will collaborate on joint training programs, promotion of the route from Europe to the West Coast of South America via the Panama Canal and the exchange of data regarding types of commodities, cargo tonnage, and liner services.


“This new partnership will continue to strengthen our alliances in Europe and deepen Panama-Spain relations. Both our nations are committed to providing our business communities with the tools they need to achieve economic growth and sustainable development,” said Alemán Zubieta.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

FTR says both spot rates and contract rates are heading up in a full capacity environment and with the fall shipping season rapidly approaching, it explained conditions for shippers could further deteriorate.

Read how others are using Business Process Management to achieve ERP success with Microsoft Dynamics AX. Download the free white paper now.

Now that Congress has issued another highway funding Band-Aid – a $10.9 billion highway bill through next May that former Transportation Secretary Ray LaHood blasted as “totally inadequate” – what can we expect as the infamously do-nothing 113th Congress winds down in the next month before taking yet another recess to prep for the mid-term elections?

Seasonally-adjusted (SA) for-hire truck tonnage in July headed up 1.3 percent on the heels of a 0.8 percent increase in June. The ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment, was 133.3 in July, which outpaced June’s 132.3 by 0.8 percent, and was up 2.8 percent annually.

Volumes for the month of July at the Port of Long Beach (POLB) and the Port of Los Angeles (POLA) were mixed, according to data recently issued by the ports. Unlike May and June, which saw higher than usual seasonal volumes, due to the West Coast port labor situation, July was down as retailers had completed filling inventories for back-to-school shopping.

Article Topics

News · Supply Chain · Container · TEU · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA