LOS ANGELES-The Port of Los Angeles and South Korea's Busan Port Authority met in South Korea this week to sign a Sister Port Agreement and create opportunities and professional exchanges between the ports. The two ports are both undergoing modernization programs to improve service and reduce environmental impacts and stand to benefit from the agreement.

“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,” says Thomas Fields, president of the Long Beach Board of Harbor Commissioners. “To that end, it is our great honor to enter into this Sister Port Agreement with the Busan Port Authority.”

The Port of Long Beach currently has similar sister port agreements with Port of Qingdao in Chinaand the Port of Hualien and the Port of Taichung in Taiwan, and has memorandum agreements with Port of Rotterdam in the Netherlands, the Panama Canal Authority, Yantian International Container Terminals in Shenzhen, China, and China Merchants Holdings International.

Earlier this year, the Port of Long Beach and the Port of Los Angeles worried about the expanding Panama Canal; however a GlobeSt.com interview with Jones Lang LaSalle SVP Barry Hill explained that impacts from the canal improvements would be minimal because the port's infrastructure and ability to handle container ships is far ahead of other US seaports.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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