Namport signs MoU with port in Portugal
The Namibian Ports Authority (Namport) and Administração dos Portos de Sines e do Algarve, SA (APS) have signed a memorandum of understanding (MoU) to foster collaboration in developing sustainable, green and digital logistic corridors.
This partnership leverages historical and economic ties between Namibia and Portugal to drive connectivity, trade and investment. The MoU aligns with the European Commission’s Global Gateway initiative, which aims to mobilise €300 billion in investment for smart, clean and secure connections in the energy, transport and digital sectors.
The Port of Sines is positioned as a key European logistics hub under this initiative, given its natural characteristics and geostrategic location. Namibia, with its abundant renewable energy resources and critical raw materials, aims to become a global leader in green hydrogen production. The ports of Walvis Bay and Lüderitz play a strategic role in supporting this vision by facilitating exports and enhancing regional trade flows.
The partnership between Namport and the Port of Sines has special relevance in the development of an Atlantic hub and logistic corridor for handling critical raw materials, synthetic fuels, green hydrogen and its carriers.
The MoU is valid for five years, during which the parties will explore potential synergies within the identified areas of collaboration in port development. This collaboration marks a pivotal step in potentially enhancing trade and logistics between Namibia and Portugal, reinforcing their positions as strategic hubs for sustainable energy and global trade.
This partnership leverages historical and economic ties between Namibia and Portugal to drive connectivity, trade and investment. The MoU aligns with the European Commission’s Global Gateway initiative, which aims to mobilise €300 billion in investment for smart, clean and secure connections in the energy, transport and digital sectors.
The Port of Sines is positioned as a key European logistics hub under this initiative, given its natural characteristics and geostrategic location. Namibia, with its abundant renewable energy resources and critical raw materials, aims to become a global leader in green hydrogen production. The ports of Walvis Bay and Lüderitz play a strategic role in supporting this vision by facilitating exports and enhancing regional trade flows.
The partnership between Namport and the Port of Sines has special relevance in the development of an Atlantic hub and logistic corridor for handling critical raw materials, synthetic fuels, green hydrogen and its carriers.
The MoU is valid for five years, during which the parties will explore potential synergies within the identified areas of collaboration in port development. This collaboration marks a pivotal step in potentially enhancing trade and logistics between Namibia and Portugal, reinforcing their positions as strategic hubs for sustainable energy and global trade.
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