VPA, Ningbo Municipal Port Sign MoU
News: A memorandum of understanding (MoU) has been signed between the Virginia Port Authority (VPA) in the US and China's Ningbo Municipal Port Administration in a bid to promote an all-water route between the two ports. The agreement includes plans for cooperation in marketing activities and market research. The agreement also laid down plans for exchanging information, technology, modernisation details and training. The VPA's deputy executive director Russell J. Held stated that through this agreement, the authority intends to share best practices, jointly market its good service connectivity and drive investment and business growth on both sides of the supply chain.