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.
Democrats set sights on Elon Musk probe after midterm wins, but Pritzker draws a surprising line
DeSantis blasts Washington Post over report he’s preparing 2028 presidential bid
Denver man found dead at bottom of national park canyon beneath steep drop-offs
US offers $20 million reward for information on Iran’s nuclear program
Trump highlights NASA nuclear-powered Mars spacecraft mission planned for 2028
SPLC was once suspected of more crimes than current charges show
Armed Illegal, Freed in Biden Era, Detained at White House
Meghan Markle’s Father Could Die in Prison If He’s Convicted on Child Porn Charges
NYC Woman Literally Vomits After Learning Slap on Wrist Given to Man Who Stabbed Her 22 Times in Front of Her Daughter, 3
Three States Carry Out Executions on the Same Day in Rare Occurrence
Newly Elected Congressional Democrat Due to Face Felony Charge in Court
Patriots Star Turns to Christ as He’s Hospitalized with ‘Unexpected and Unusual Medical Emergency’
Netanyahu says US aid cut makes way for ‘mutual investment’ amid unclear plans for military cooperation
Tesla Is ‘Winding Down’ Production of the Iconic Cybertruck in the Coming Year: Musk
Ron Johnson presses to delay Senate GOP leadership elections: ‘Political malpractice’
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.
Democrats set sights on Elon Musk probe after midterm wins, but Pritzker draws a surprising line
DeSantis blasts Washington Post over report he’s preparing 2028 presidential bid
Denver man found dead at bottom of national park canyon beneath steep drop-offs
US offers $20 million reward for information on Iran’s nuclear program
Trump highlights NASA nuclear-powered Mars spacecraft mission planned for 2028
SPLC was once suspected of more crimes than current charges show
Armed Illegal, Freed in Biden Era, Detained at White House
Meghan Markle’s Father Could Die in Prison If He’s Convicted on Child Porn Charges
NYC Woman Literally Vomits After Learning Slap on Wrist Given to Man Who Stabbed Her 22 Times in Front of Her Daughter, 3
Three States Carry Out Executions on the Same Day in Rare Occurrence
Newly Elected Congressional Democrat Due to Face Felony Charge in Court
Patriots Star Turns to Christ as He’s Hospitalized with ‘Unexpected and Unusual Medical Emergency’
Netanyahu says US aid cut makes way for ‘mutual investment’ amid unclear plans for military cooperation
Tesla Is ‘Winding Down’ Production of the Iconic Cybertruck in the Coming Year: Musk
Ron Johnson presses to delay Senate GOP leadership elections: ‘Political malpractice’
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.
