BUENOS AIRES, Argentina — The Port of Mobile is poised to become a major hub of auto export activity, with a new facility that will allow vehicles to be driven directly onto cargo ships bound for markets around the world.
On Tuesday, representatives of the Alabama State Port Authority and AutoMobile International Terminal, a joint venture of Terminal Zárate S.A. and SAAM Puertos S.A., signed a Memorandum of Understanding to develop and operate a vehicle processing roll-on/roll-off (RO/RO) facility at the Port of Mobile.
The signing took place in Buenos Aires, the headquarters of Terminal Zárate S.A. and also the site of a trade mission involving Alabama business leaders. The state delegation is visiting Argentina and Ecuador this week to find new markets for their products and services.
The agreement is a giant step forward in supporting automotive logistics in the Americas and abroad, according to James K. Lyons, director and CEO of the Port Authority.