In his State of the Port 2020, Port of Long Beach Executive Director Mario Cordero noted that the Port experienced a 5 percent drop in volume in 2019 but he remains optimistic due to $4 billion in capital improvements which have made the port capable of handling 18,000 TEU container ships.
As 2020 begins, there are no signs that Montreal, Canada’s second biggest port after Vancouver, strategically located deep inland in relation to the industrial heartland of North America, is slowing down in terms of both capacity and cargo expansion.
Critics says the cost of doing business at Long Beach and Los Angeles is high and due in part to tough regulations on diesel emissions, however Mario Cordero, executive director of the Port of Long Beach remains optimistic.
Unbeknownst to many, a US$452 million port modernization project is moving towards completion in Kingston, and it’s already remaking Jamaica’s major port.
The US-Mexico-Canada free trade agreement will become a reality, now that US House of Representatives has voted to approve the treaty through implementing legislation.
The Trump Administration is supporting new U.S. Customs rules that the Offshore Marine Services Association says will weaken the Jones Act and outsource American jobs in the oil, gas and offshore wind farms industries.