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Adani Ports & SEZ Ltd (APSEZ), India’s largest private port developer, today signed a memorandum of understanding (MoU) with the Belgian Port of Zeebrugge, to act as a strategic entry port for the European market.
A company release here said that, " It will now collaborate with the Belgian port to explore joint business opportunities between the two ports along with other forms of trade, shipping, railway infrastructure across India and Europe. The MoU over a period of time will help in an enhanced movement of traffic to and from APSEZ into Europe and beyond. It will also enable sharing of global best practices including technical know-how between two of the leading port developers globally."
The MoU was signed in Mumbai on Wednesday.
Karan Adani, executive director, APSEZ said “Both the port entities have complementary strengths including ability to handle very large crude carriers (VLCCs). Besides they can handle amongst the largest container ships currently plying, that can help in attracting large container traffic. This MoU will help us address the European markets better and will be strategic in nature.”
The ports will support mutual development in the sectors of ports and shipping..
Joachim Coens, president-CEO from the Port of Zeebrugge, Belgium said, "With six far east services calling Zeebrugge, our port is a major player in the Europe-Asia trade. Our strategic location in the centre of India’s three largest EU trade partners, Germany, Belgium and the UK, certainly is an asset for Indian exporters. With our mutual ability to competitively handle the largest container vessels currently in the fleets, we hope that this collaboration will be positively received by the global shipping lines. This co-operation shows once again that the activities of modern ports reach much further than their breakwaters."
