Under a long-term deal sealed by the Obama administration, a Chinese Communist company was set to control the second-busiest container port in the United States. In an unreported Trump administration victory, the Communists are out after a drawn-out national security review forced a unit of China-based COSCO Shipping Holdings Co. (Orient Overseas Container Line—OOCL) to sell the cherished container terminal business, which handles among the largest freight of imports into the U.S.
It all started with a 40-year container terminal lease between the Port of Long Beach in southern California and Hong Kong. The Obama administration proudly signed the agreement in 2012 giving China control of America’s second-largest container port behind the nearby Port of Los Angeles. One of the Trump administration’s first big moves was to get the Communists out of the Port of Long Beach. After a national security review and federal intervention, the Long Beach terminal business, which handles millions of containers annually, is finally being sold to an Australian company called Macquarie Infrastructure Partners. That essentially kills China’s decades-long contract with the Obama administration.
Man admits to dismembering ex-girlfriend, keeping severed head in suitcase after she played him ‘like a fool’
Raw Footage: Federal Agents Remove Evidence from Ilhan Omar’s House
DOJ Investigating Fox News, CNN, Broadcast Networks for Possible Violations of Federal Law
Mamdani Skips Decades-Long New York Tradition to Spite Christopher Columbus – Attendees Are Glad He’s a No-Show
Katie Zacharia says she plans to be press secretary until the end of Trump’s term as she preps for first briefing
Online marketplace jewelry listing tied to armed robbery in affluent Tennessee city
‘Maryland Dad’ All Over Again: TX Illegal ICE Shot and Libs Love Was Machete-Wielding Menace, Says Ex-Neighbor
Trump says he’s not involved in investigation into Ilhan Omar
Watch: Fireworks as Black Student and Talarico Voters Meet – Begin Hating, Attacking Each Other in Seconds
Coworker accused of slashing woman’s throat during ride home, victim escaped moving car: police
Ouch: ‘Saturday Night Live’ Turns Jelly Roll Into a Punchline
DNC Chair Ken Martin defends ‘Big Tent’ strategy when pressed on democratic socialists
Mamdani unveils sweeping NYPD use-of-force review, but stops short of fulfilling key campaign promises
ATF suspends federal registration and approval rules for certain firearms
Retired police sergeant shoots deputy chief wife and their daughter in wealthy, coastal enclave home
The deal never should have been signed in the first place considering the facility’s size, significance and the national security issues associated with a hostile foreign government controlling it. The southern California port is the premier U.S. gateway for trans-Pacific trade, according to its website, and handles trade valued at more than $194 billion annually. It is one of the few ports that can accommodate the world’s largest vessels and serves 140 shipping lines with connections to 217 seaports around the world. The facility encompasses 3,200 acres with 31 miles of waterfront, 10 piers, 62 berths and 68 post-Panamax gantry cranes. In 2018, the Long Beach port handled more than 8 million container units, achieving the busiest year in its history.
Removing Chinese Communists from this essential port is a tremendous feat and a huge victory for U.S. national security. You’d never know it because the media, consumed with the impeachment debacle, has ignored this important achievement. The only coverage of the finalized transfer is found in Long Beach’s local newspaper, which published a brief article omitting important background information on the Trump administration’s work to take back the terminal from the Communists. The story makes it seem like a regular business transaction in which “a Chinese state-owned company, reached a deal to sell the terminal, one of the busiest in the port, for $1.78 billion.” The piece also quotes the Port of Long Beach’s deputy executive director saying that the transaction process was intricate and involved one of “our most valuable port assets.” Buried at the bottom of the article is a sentence mentioning that the U.S. government, which regulates mergers for antitrust and security reasons, stepped in and required COSCO to sell its rights to the container terminal.
Man admits to dismembering ex-girlfriend, keeping severed head in suitcase after she played him ‘like a fool’
Raw Footage: Federal Agents Remove Evidence from Ilhan Omar’s House
DOJ Investigating Fox News, CNN, Broadcast Networks for Possible Violations of Federal Law
Mamdani Skips Decades-Long New York Tradition to Spite Christopher Columbus – Attendees Are Glad He’s a No-Show
Katie Zacharia says she plans to be press secretary until the end of Trump’s term as she preps for first briefing
Online marketplace jewelry listing tied to armed robbery in affluent Tennessee city
‘Maryland Dad’ All Over Again: TX Illegal ICE Shot and Libs Love Was Machete-Wielding Menace, Says Ex-Neighbor
Trump says he’s not involved in investigation into Ilhan Omar
Watch: Fireworks as Black Student and Talarico Voters Meet – Begin Hating, Attacking Each Other in Seconds
Coworker accused of slashing woman’s throat during ride home, victim escaped moving car: police
Ouch: ‘Saturday Night Live’ Turns Jelly Roll Into a Punchline
DNC Chair Ken Martin defends ‘Big Tent’ strategy when pressed on democratic socialists
Mamdani unveils sweeping NYPD use-of-force review, but stops short of fulfilling key campaign promises
ATF suspends federal registration and approval rules for certain firearms
Retired police sergeant shoots deputy chief wife and their daughter in wealthy, coastal enclave home
In the last few years China has bought cargo ports throughout the world, including in Latin America, the Indian Ocean and Mediterranean Sea. Chinese-owned ports are located in Greece, Italy, Spain and other European locations. In sub-Saharan Africa there are dozens of existing or planned port projects funded or operated by China, according to a study that highlights the threat the Chinese investments present to U.S. influence in the region. One troubling analysis points out that “COSCO’s commercial expansion has created leverage for Beijing — leverage that has already resulted in countries that host COSCO ports adopting China’s position on key international issues.”
Story cited here.
