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Algeciras port signs agreement with China’s Ningbo Zhoushan port

Algeciras, Spain (PortSEurope) November 28, 2018 – The president of Autoridad Portuaria de la Bahía de Algeciras (APBA – Port Authority of Algeciras), Manuel Morón, and the president of Ningbo Zhoushan Port Group, Mao Jianhong, have signed a Memorandum of Understanding that formalizes the collaboration in order to promote the increase in trade flows between Southern Europe and Asia.

The signing took place in Moncloa as part of the state visit of the President of the People’s Republic of China, Xi Jinping, who together with the President of the Government, Pedro Sánchez, witnessed the signing.

After several meetings this year between management of the ports, the Memorandum formalizes the objective of strengthening the maritime bridge between China and Southern Europe, developing the Bay of Algeciras and the Port of Ningbo Zhoushan as global logistic nodes for this link. The document also includes the exchange of experience in sustainable port development, port-city relations, smart port, infrastructures, port security and commercial strategy.

In addition to its volume of traffic and ability to operate megaships efficiently, the ports of Algeciras and Ningbo are positioned as two of the world’s harbours that are experiencing the greatest growth in their connectivity. They are currently connected without transhipment in just 23 days by the 2M shipping alliances and the Ocean Alliance.

In the last eight years, the container terminals of the port of Algeciras have registered a growth of 145% in the traffic of containers filled with import / export with China.

Source: andalucia informacion

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