"U.S. carriers don't exist, so there is no reason for the U.S. to have leases on any terminals."
.... The entire concept of cargo shipping since its inception in the 1940s was to get the cargo on and off ships quickly, which required immediate access to a berth.
"So the goal was to control the berth whether through an outright purchase of the terminal or building, or to lease on an exclusive basis, and therein lies the problem -- carriers want control, and there are no more U.S. flag container carriers," Mr. Frost said. "U.S. carriers don't exist, so there is no reason for the U.S. to have leases on any terminals."
Some U.S. companies still operate ports and often work in partnership with foreign entities to run their ports.
China Ocean Shipping Co., for example, contracts with SSA Marines of Seattle to operate terminals it leases in Long Beach, Calif. The company is owned by the Chinese Army, which also controls Hutchison Port Holdings of Hong Kong, which operates the Panama Canal.
U.S. flag ships are still operated by a Danish company and the government of Singapore, but there has not been a U.S. flag carrier on the open seas since 1999.
The problems began with the 1936 Shipping Act, which set subsidies and locked companies into strict trade routes that restricted competition. The industry collapsed in the 1990s after Congress repealed a shipping industry tax break, Mr. Frost said.
republicans really soft on homeland security
"So the goal was to control the berth whether through an outright purchase of the terminal or building, or to lease on an exclusive basis, and therein lies the problem -- carriers want control, and there are no more U.S. flag container carriers," Mr. Frost said. "U.S. carriers don't exist, so there is no reason for the U.S. to have leases on any terminals."
Some U.S. companies still operate ports and often work in partnership with foreign entities to run their ports.
China Ocean Shipping Co., for example, contracts with SSA Marines of Seattle to operate terminals it leases in Long Beach, Calif. The company is owned by the Chinese Army, which also controls Hutchison Port Holdings of Hong Kong, which operates the Panama Canal.
U.S. flag ships are still operated by a Danish company and the government of Singapore, but there has not been a U.S. flag carrier on the open seas since 1999.
The problems began with the 1936 Shipping Act, which set subsidies and locked companies into strict trade routes that restricted competition. The industry collapsed in the 1990s after Congress repealed a shipping industry tax break, Mr. Frost said.
republicans really soft on homeland security
