Collaborative efforts between key stakeholders are gaining momentum to promote the Mediterranean as an alternative gateway to the ARA
International energy trading hubs have grown exponentially in recent years thanks to favourable market dynamics as well as advancements in supply chain logistics.
These hubs provide a focus for trading, storage and distribution activity to both hinterland markets as well as international markets and can be greatly beneficial to the region’s economy.
Currently, flows from the Middle East enter Europe through the ports in the Amsterdam, Rotterdam and Antwerp region (ARA). However, executives at the Port of Tarragona have observed that the Mediterranean region is blessed with several strategic advantages to act as an alternative gateway to the ARA.
Its ambition to improve and promote the Mediterranean as a logistics platform in southern Europe was the key focus of its first Hub Day Workshop.
The event brought together professionals from across S...