Trade mission to India: Port of Montreal working with Mundra Port
On a trade mission to India, the Montreal Port Authority (MPA) signed a Cooperation 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.
Mundra Port is India’s largest commercial port. A diversified port, it handles liquid and dry bulk and more than 3 million TEUs in annual container traffic. It is operated by Adani Ports and Special Economic Zone Limited.
Asia accounts for 25 percent of the Port of Montreal’s market and is by far the fastest-growing segment. India alone accounts for 5 percent, 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.