Tuesday, November 5, 2013

Long Beach, Busan Ports Sign Exchange Agreement

Representatives of the Port of Long Beach and the Busan Port Authority have signed a “sister port” agreement to establish a mutually beneficial exchange of technology, ideas and culture.

The pact was ratified this week in South Korea. Long Beach Board of Harbor Commissioners President Thomas Fields and POLB Acting Executive Director Al Moro signed the Busan agreement on behalf of the Port of Long Beach.

“As we move ahead with our $4 billion modernization program, and as you develop your extraordinary new Port of Busan facilities, we have many beneficial opportunities to share ideas, information and expertise to meet these mutual goals,” Fields said during the signing ceremony.

The Port of Long Beach has existing sister-port agreements with the Port of Qingdao in China, and the ports of Hualien and Taichung in Taiwan. Long Beach also has memoranda of understanding with the Port of Rotterdam in the Netherlands, the Panama Canal Authority, Yantian International Container Terminals in Shenzhen, China and China Merchants Holdings International, the largest public seaport operator in China.

Like the other agreements, the Busan accord is not legally binding, but is expected to create additional opportunities for cooperation between the two ports.