PORT OF LOS ANGELES AND HAMBURG PORT AUTHORITY
SIGN COLLABORATIVE AGREEMENT

MUNICH, Germany — June 6, 2013 — The Port of Los Angeles and the Hamburg Port Authority (HPA) today signed a Memorandum of Understanding which paves the way for increased cooperation and partnership. The two ports have agreed to 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.

“We have been fortunate to have a close collaborative relationship with the Hamburg Port Authority,” said Port Executive Director Geraldine Knatz from the International Exhibition. “This agreement formalizes 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,” said Jens Meier, Managing Director of the Hamburg Port Authority. “It is always a good thing to look over the rim of your tea cup and benefit from a mutual exchange of views.”

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.

Since 2005, the Hamburg Port Authority has been providing future-oriented port-management services offering one face to the customer. As an institution under public law, the HPA is in charge of paving the way for the efficient, resource-friendly and sustainable implementation of infrastructure projects in the port. The HPA is the contact point for all kinds of questions concerning the waterside and the landside infrastructure, the navigational safety of vessel traffic, port railway facilities, port property management and the economic conditions within the port area. The HPA ensures the provision of land as required, carries out all statutory duties placed on it and provides port industry services.

The Port of Los Angeles is America’s premier port and has a strong commitment to developing innovative strategic and sustainable operations that benefit the economy as well as the quality of life for the region and the nation it serves. As the leading seaport in North America in terms of shipping container volume and cargo value, the Port generates more than 830,000 regional jobs and $35 billion in annual wages and tax revenues. The Port of Los Angeles – A cleaner port. A brighter future.