Port of Los Angeles and Hamburg Port Authority new partnership agreement

By Finance

 The Port of Los Angeles  and Hamburg Port Authority made a deal for cooperation and partnership. The two sides have signed a Memorandum of Understanding (MoU) for better relations between the 2 ports.

The Port of Los Angeles and Hamburg Port Authority will cooperate in the field of port infrastructure, environmental and security challenges, and plans good trade opportunities. The agreement is for period of 5 years and was signed at the International Exhibition for Logistics, Mobility, IT and Supply Chain Management conference in Munich, Germany.

Port of Los Angeles executive director Geraldine Knatz announced:
"This agreement formalises and expands our partnership and I expect it to be beneficial to both ports in the years ahead"

"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," informed 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."