The port authorities of Valencia, Spain, and Santos, Panama, have signed a memorandum of understanding to create a green maritime corridor. According to Splash247, the agreement is designed to reinforce decarbonization strategies between the two ports.

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“The Santos-Valencia corridor reinforces our decarbonisation strategy and will enable us to coordinate actions to promote the use of low- or zero-emission fuels, the supply of electricity to ships in port, the electrification of terminals and logistical efficiency through advanced digital technologies,” said Valenciaport president Mar Chao.

The initiative forms part of the Global Gateway strategy, which is the European external investment programme. This programme aims to strengthen strategic partnerships and accelerate the transition towards more sustainable and competitive maritime transport, with a particular focus on Latin America and the Caribbean.

Source: IndexBox Market Intelligence Platform