The Port of Los Angeles and the Hamburg Port Authority have signed a memorandum of understanding to increase bilateral cooperation.
The two ports have agreed to share strategies and best practices on topics including port infrastructure, environmental and security challenges and strategies to enhance trade competitiveness.
The five-year deal was signed at the International Exhibition for Logistics, Mobility, IT and Supply Chain Management conference in Munich.
“This agreement formalizes and expands our partnership and I expect it to be beneficial to both ports in the years ahead,” said Geraldine Knatz, the California port’s executive director, at the conference.
“It is always a good thing to look over the rim of your tea cup and benefit from a mutual exchange of views,” added Jens Meier, managing director of the Hamburg Port Authority.