b'12American Journal of Transportation ajot.com(RECOVERYcontinued fromCenter, who co-authored a studyVineyard Wind announces partnership page 4) LAC 2025: China-LAC Trade Americaroseclosetohistoric2035: Four Scenarios.highs. The upward trend in theInthearticletheywrote,with Crowley, City of Salem to transform price of extractive products wasTrade between China and Latin morepronounced,particularlyAmericaandtheCaribbeanharbor into offshore wind portin the case of iron ore (93.6%),(LAC)heldsteadyatapproxi-copper (57.9%), and oil (41.7%).mately $315 billion in 2020, prac- Vineyard Wind, a joint venture between Avan- ley Wind Services, will purchase the 42 acres sur-Theperformanceofagricul- ticallyunchangedfrom2019.gridRenewables,asubsidiaryofAVANGRID,rounding Salem Harbor Station, currently owned by tural products was more varied:ThisisremarkablebecauseInc., and Copenhagen Infrastructure Partners (CIP)Footprint Power LLC, and will serve as the long-exportsofsoybeansgrewbythepandemicwreakedhavocannouncedthatthecompanyhasenteredintoanterm offshore wind port operator for the site. Vine-60%, sugar by 27%, and coffeeonLACexportsoverallinagreement with Crowley Maritime Corporation andyard Winds partners (Avangrid Renewables & CIP) by 11.9%. 2020,causinganestimatedthe City of Salem (MA) to create a public-privatewill serve as the ports anchor tenants, utilizing the Notunsurprisingly,Latin11.3% year-on-year contractionpartnership aimed at establishing Salem Harbor aspropertyfortheCommonwealthWindprojectas American nations whose exports(including a -14.6% decline inthestatessecondmajoroffshorewindport.Thewell as other projects in the companys portfolio.were largely fuel and minerals,shipments to the U.S.). In theagreement, part of the Commonwealth Wind pro- ThispartnershipreinforcesCrowleysposi-like Chile, Colombia, Peru, andmeantime,afast-recoveringposal, is contingent upon the company winning antionasatotallifecycleserviceproviderinthe Venezuela had lower export vol- Chinastoodoutastheonlyaward by the State of Massachusetts, which is cur- offshorewindsector,saidVicePresidentJeff umes.Whereas,countriesthatexception among LACs majorrently evaluating offshore wind procurement bids. Andreini of Crowley New Energy. We look for-specializeinagriculturalprod- destinationmarketsbyreg- Vineyard Wind estimates that the project wouldward to working with Vineyard Wind and the City ucts, like Argentina, isteringa2.1%year-on-yearcreate up to an estimated 400 full time equivalentof Salem and providing the highest level of service Brazil,Paraguay,andUru- increase in exports from LAC. (FTE) job years during the revitalization of the portin order to make Salem Harbor a leading provider guay, or manufactures, like El Sal- FromtheU.S.perspec- and up to another 500 FTEs over the first five yearsin the offshore wind supply chain.vador and Mexico posted highertive, Chinas trade push into theof operation for construction and staging for windThe Commonwealth Wind project intends to export figures. LACreflectsChinasglobalprojects and day-to-day port operations, for a totaluse the site for turbine assembly and staging activi-Equally unsurprising, the big- soft power efforts and influ- of 900 FTE job years. ties, utilizing the site to store and assemble com-gest beneficiary of Latin Amer- enceoperationsworldwide,As offshore wind continues to expand, newponentsincludingblades,nacelles,andtower icasexportsurgein2021,as Congressional Research Ser- purpose-built ports will be key to the success of thissectionsas they are prepared for offshore instal-wasChina.IDBestimatesthatvice (CRS) wrote in a July 1,industry. By constructing the nations first purpose- lation. Given Salem Harbors deep-water port and exports from Latin America to2021 brief.builtoffshorewindportinNewBedford,Mas- unrestricted height access to accommodate large-China increased by 34.7% in theA critical feature of the PRCssachusetts has been leading the way. With a newscalewindturbineinstallationvessels,Vineyard first quarter of 2021, comparedcampaignisprovidingcapitaloffshore wind port in Salem, the CommonwealthWind sees Salem Harbor as a necessary addition to to the same period a year before.andinvestmentforLACproj- can ensure that it is ready to face the demands ofsupport the offshore wind industry within the Com-Exports to the U.S. and EU wereects. According to the CRS fig- a rapidly growing industry, said Lars T. Pedersen,monwealth and across the regionalso estimated to have increasedures,between2005-2020PRCCEO of Vineyard Wind. With both New BedfordBoth Vineyard WindandCrowleywillwork 3.9%and4.0%respectively.financing in the LAC amountedandSalemcapableofdeliveringportoperationsalongside the City of Salem to engage in a robust Perhaps,thebiggestsurpriseto $137.8 billion, with a major- needed for offshore wind, the state can ensure thatcommunity outreach and listening process to seek wasthatintraregionalexportsityofthelending(68%)forboth the South Coast and the North Shore can bene- input and build support for this innovative partner-climbed by 11.6%. Intraregionalenergy projects, and (18%) forfit from the creation of new, highly skilled and goodship. The parties are committed to jointly developing trade has long been an issue ininfrastructure projects. Venezu- paying jobs, something that will cement Massachu- a local community benefit agreement to safeguard Latin America and the rise couldela, has by far been the biggestsetts position as a leader in the new and growingthe Citys long-term interests, while working with represent a new trend of morerecipientat$62.2billionwithoffshore wind industry. residentsandbusinessestoidentifylocalsupply internal trade for the region. Brazil$29.7billion,EcuadorThis partnership is a great example of howchain and workforce development opportunities.$18.4.billion,andArgentinasites that once supported coal can be transformedI am so pleased to welcome Vineyard Wind t hEB igs qUEEzE : l atin $17.1billionfollowing.Theinto sustainable infrastructure to support the vitaland Crowley Maritime here to Salem, said Mayor a mErica , U.s.anDc hina U.S.hassaidtheseloansandclean energy transition, said Bill White, head ofKimberleyDriscoll.Forcenturies,whenSalem Over the past two decadesother programs are debt trapsoffshorewindfor AvangridRenewables.Com- looked toward its future, it looked toward the sea. the U.S. and China have beenbut trade figures would suggestmonwealth Wind is a transformational project thatThis site, in particular, has provided the electricity tangledinascufflefortradethatithaspaidoffforChina.will create good jobs, economic opportunity andthat has powered our community and our Common-andeconomicinfluenceinHowever,since2020Chinasclean electricity for Massachusetts, facilitated bywealth for generations. Today, with this announce-Latin America. The ante grewLATAMprojectfinancinghasthis important partnership with the City of Salemment, that legacy can continue with a new focus on as the Trump Administrationsslowedtoatrickle,althoughand Crowley. a clean energy future, based on renewable power relationship with China deterio- (RECOVERYcontinued onUnderthetermsoftheproposedagreement,and with a shared commitment to positive action to rated into an all-out trade war,page 13) Crowley, through its New Energy subsidiary Crow- mitigate climate change. with tariffs and trade barriers de rigueur.Latin Americastrade was collateral to the overarch-inginterestsofboththeU.S. and China.AfterChinaandtheU.S. inkedtheirPhaseOnetrade dealinJanuary2020,itwas naturallyassumedbymost observers that the trade wars had effectively ended. Such notions were premature as now with the BidenAdministration,while theshrilltonemightbegone (alongwiththeTweets),the focusremainsmuchthesame. And Latin America is still being squeezedbetweenthetrad-ingandeconomicinterestsof the Peoples Republic of China (PRC) and the U.S.InSeptember,FelipeLar-rain and Pepe Zhang co-authored an article in Americas Quarterly, entitledHowLatinAmerica CanNavigatetheChina-US Trade Wars, to chart a course between the two interests of thecustoms brokers&freight forwardersglobal super powers. Larrain is a former minister of finance for ChileandZhangtheassociatewww . jfmoran.com: 800.944.1041director of the Atlantic Councils AdrienneArshtLatinAmerica'