The Chennai Port Trust on Wednesday signed a sister port relationship agreement with Canada-based Port of Halifax.
The agreement would cover exchange of experts, technical cooperation in port management covering operations of container terminals, exchange of knowledge, tourism development and development of trade between the two ports, said K Suresh, chairman, Chennai Port Trust.
It may be recalled that CPT had signed a similar agreement with Belgium-based Port of Zeebrugge in November 2008. The co-operation extended to all aspects of port activity and transfer of technology between the two ports.
Karen Oldfield, president and CEO, Port of Halifax, said of the 1.5 million container traffic handled at Halifax, 35 per cent comes from South East Asia and one third from India. The port (Halifax) wants to increase the share as part of its marketing effort.
The port’s would target automobile exporters who are focussing on North America, Toronto and mid-west of the US.
The MoU would enlarge the scope of cooperation between the two ports and enable active interaction between the management and personnel of the two ports for their mutual benefits. The Chennai port, in particular, will draw on the available expertise in Halifax Port in the field of containers, car carriers and cruise vessels, said Suresh.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
