US and German ports sign MoU to pave the way for increased cooperation and partnership
The Port of Los Angeles and the Hamburg Port Authority (HPA) have signed a Memorandum of Understanding (MoU) to enhance trade relations between the two ports.
The landmark accord will see the US and German ports share strategies and best practices on topics ranging from port infrastructure, environmental and security challenges, and strategies to enhance trade competitiveness.
The five-year agreement was signed at the International Exhibition for Logistics, Mobility, IT and Supply Chain Management conference in Munich, Germany.
“This agreement formalises and expands our partnership and I expect it to be beneficial to both ports in the years ahead,” said Los Angeles port executive director, Geraldine Knatz
The collaborative agreement could potentially benefit U.S. and international maritime and environmental companies from the transport and logistics industry as the two leading sea ports share best practices with respect to equipment and new technologies.
“I am delighted to have the Port of Los Angeles as a partner with whom we can share experiences and discuss, on equal footing, subjects of interest and concern,” added HPA managing director, Jens Meier.
“It is always a good thing to look over the rim of your tea cup and benefit from a mutual exchange of views.”