MoUs all the rage
It seems that Memorandums of Understanding (MoUs) are becoming increasingly popular as ports come under increased pressure to carve out possibilities for future business potential and keep up with the competition.
The Port of Amsterdam has decided to “think local, act global”. Its international consultancy firm, Port of Amsterdam International (PoAI) has signed a MoU with the Aruban government to study the possibilities for further cooperation at the port.
A spokesperson told Port Strategy: “Specifically with the Aruba case we are consultants and we are investigating in what field/business we can work together. The next weeks/months it should be clear what this cooperation will mean.”
Aruba clearly has a favourable climate for business and development – around one million cruise passengers visit Aruba every year. PoAI will initially lend its expertise in advising Aruba Port Authority (APA) with regards to sustainable modernisation of port infrastructure.
Meanwhile, the terminal operator DP World is working on strengthening ties with the Maldives, by signing a MoU with Maldivian government officials for the development of the archipelago’s ports and logistics industry.
DP World wants to lend its expertise in assisting partners with the development of their infrastructure and transport networks.
It said that the Maldives has been growing rapidly, driven largely by its tourism development. The operator will be working to help diversify the country’s economy through building infrastructure, logistics and transport links.
MoUs are often forged with trading partners and are launched to create awareness of emerging trade opportunities. Plus they’re a way of improving competitiveness by sharing knowledge and best practice and strengthening the global supply chain.
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