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Montreal Port Authority & Mundra Port ink Cooperative Agreement

 

During its ongoing trade mission to India, the Montreal Port Authority (MPA) has signed a Cooperative Agreement with Mundra Port. This agreement aims to develop cooperation in marketing and business development while sharing information on marine operations and industry best practices.

 

Mundra Port is India’s largest commercial port. A diversified facility, 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 Ltd (APSEZ), highlighted a release. Operated by the MPA, the Port of Montreal is the second largest port in Canada and a diversified transhipment centre that handles all types of goods.

 

Asia accounts for 25 per cent of the Port of Montreal’s market and is by far the fastest growing segment. India alone accounts for 5 per cent, yet was virtually non-existent as a market just a few years ago. The Port of Montreal and Mundra Port both receive containerships, 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 transhipment ports in the Mediterranean.

 

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

 

Port of Antwerp reception

 

The signing of the Cooperative Agreement was followed by a reception organised in honour of the Port of Montreal by the Port of Antwerp, Belgium, which also has a Cooperative Agreement with the MPA. The event brought together a hundred or so players in the transport industry. Among those present were Ms Christine St-Pierre, the Quebec Minister of International Relations and La Francophonie; Mr Jordan Reeves, Consul General of Canada, Mumbai; Mr Dominic Marcotte, Consul and Director of the Quebec Government Office in Mumbai; Mr Luc Arnouts, Antwerp Port Authority Director of International Relations; Capt. Sandeep Mehta, President of Adani Ports and Special Economic Zone, representatives of shipping lines providing services to Montreal, shippers, freight forwarders and representatives of the Association of Multimodal Transport Operators of India (AMTOI).

 

The MPA delegation is composed of Mr Tony Boemi and Ms Rosetta Iacono, respectively, Vice-President and Director, Containers, Growth and Development at the MPA, along with Mr Jeremy Masters, Representative of the MPA in Asia, and representatives of CN and CP, the two railway partners of the MPA.

 

Mr Tony Boemi said: "Asia, and especially India, is an emerging market with enormous potential. It and the Port of Montreal are already solidly connected, thanks to container services. This Cooperative Agreement with Mundra Port strengthens our presence in India and showcases the Port of Montreal’s advantages as a strategic gateway of choice for goods destined for the North American market."

 

Said Mr Jordan Reeves: "The government of Canada fully supports the Port of Montreal’s efforts as it solidifies its position as the leading container port on Canada’s East Coast and strengthens its trade relations with the Indian market, which is emerging and increasingly significant."

 

Economic mission

 

The MPA is on a trade mission to India from February 12 to 16. This mission, actively involving three members of the MPA and representatives of its railway partners CN and CP, has stops scheduled in Mundra and Mumbai.

 

The mission’s objective is to increase the Port of Montreal’s visibility with the Indian marine transport logistics chain. The MPA also aims to strengthen its business and cooperative ties with Indian ports, specifically Mundra Port, with which it has reached a cooperative and mutual assistance agreement.

 

Trade between India and the Port of Montreal is growing. From 2016 to 2017, the volume of goods to and from India rose by 40 per cent. Freight transport is provided by international container shipping giants. A large part of this traffic transits through Mediterranean transhipment ports, mostly in Spain, Italy and Portugal, the release said.

 

Source : Exim News Service - Montreal/Mundra/Mumbai, Feb. 13

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