The Virginia Port Authority and Chinas
Ningbo Municipal Port Administration signed a memorandum of
understanding this week to promote the all-water route between the two
agreement laid down plans for cooperation on marketing activities and
market research, as well as exchange of information, technology,
modernization details and training. It was signed by Russell J. Held,
the VPAs deputy executive director, and Chang Boaping, deputy director
general of the Ningbo Municipal Port Administration Bureau.
China has been Virginia's
No. 1 trading partner for many years and having these kinds of
agreements in place will help strengthen our relationship with that
country, said Rodney W. Oliver, the VPAs interim executive director,
in a written statement.
Today we enjoy six weekly services between Ningbo and the Port of Virginia via both the Panama and Suez
canals, Held added. Our goal with this MOU is to share operational
best practices, jointly market our good service connectivity and drive
investment and business growth on both ends of the supply chain.
The Journal of Commerce