SeaIntelligence’s Jensen says, despite Coronavirus, China’s recovery is inevitable but exporters to China will suffer.
In an unusual display of unity, Willie Adams, president of the International Longshore and Warehouse Union (ILWU) and Jim McKenna, president of the Pacific Maritime Association (PMA) pledged to work together to help U.S. West Coast ports regain lost market share from rival ports on the East and Gulf Coasts.
There is a growing threat of disruptions to U.S. imports and exports as the spread of the Coronavirus moves from the Wuhan epicenter to other parts of China, a University of Minnesota supply chain expert warned.
Wan says the Port of Oakland is making long-term plans for the future.
The building of the $12 billion Galveston Bay Barrier or ‘Ike Dike’ as part of the proposed $37 billion coastal protection complex may look too big ticket but in comparison to $125 billion in damage from just Hurricane Harvey alone, can Texas afford not to build?
Peter Friedmann, executive director of the Washington, D.C. Agriculture Transportation Coalition, says better and cheaper rail service will help U.S. West Coast ports and agricultural exporters reverse lost market share and increase competitiveness
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.
Gene Seroka the executive director of the Port of Los Angeles outlined a new strategy for the Port to regain lost market share.
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.
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.
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