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Monday, 09 February 2015

Port of Antwerp seeks Indian investment

Belgium’s Port of Antwerp is seeking investment from India to strengthen ties between the European port and the subcontinent. A delegation from the port will be in India this week to raise investor interest and will sign an agreement between APEC (the port of Antwerp’s international training centre) and the Indian port JNPT. 

“The port of Antwerp has long been convinced of the economic growth potential of India,” a spokesman for the port authority commented, adding that Antwerp’s location in the heart of Europe gave “an essential advantage” for exporting countries that target the European consumer

In total, India generated a record 5 million tonnes of cargo for Antwerp in 2014 and authorities expect this figure to grow significantly.

“Exporters view ports as just one link in the overall supply chain, with the main criteria being efficiency and reliability. In other words, as a port you have to ensure that the goods are handled in a transparent way and that they reach the end customer quickly,” Antwerp port alderman Marc Van Peel explained.

The Port of Antwerp in Belgium handled a record 199 million tonnes of freight in 2014, according to the latest figures published by the port authority. This represented a 4.3% year on year (y-o-y) rise on the previous year and is the highest annual amount ever recorded at the port.

Container shipments drove a significant share of growth with container tonnage increasing 5.9% based on 8,977,738 TEU, this was equivalent to a 4.7% rise in the number of TEU compared to the previous year.

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