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carmencita ago

https://www.bdpinternational.com/news/cargo-volumes-are-booming-in-trump-trade-war-paradox

December 27, 2018 - A few days before Christmas, the container ship “SM Shanghai” was steaming toward California’s Port of Long Beach. Just ahead and coming to the end of an 11-day journey from China, the “Ever Lucent” was headed for the nearby Port of Los Angeles, where the “Thomas Jefferson” was preparing to sail in the opposite direction for Xiamen.

The global economy, in other words, was chugging along nicely on one of the world’s busiest sea lanes.

In fact, President Donald Trump’s assault on globalization has had a paradoxical effect on world trade flows. A rush to get ahead of new and higher tariffs, particularly on U.S. imports from China, has motivated retailers and other American companies to increase orders, which has helped boost volumes at the country’s ports.

“The warehouse and distribution centers are full in southern California,” said Phillip Sanfield, a Port of Los Angeles spokesman. “We’re experiencing some logistical issues at the San Pedro ports just because there’s so much cargo in play here.”

https://www.scmp.com/business/companies/article/3008324/us-security-concerns-force-cosco-owned-orient-overseas-sell-long

US security concerns force Cosco-owned Orient Overseas to sell Long Beach port in California

A Hong Kong-based company has been forced to sell its American container port after the US government raised security concerns about its parent being a Chinese state-owned shipping giant.

Orient Overseas (International), which is majority-owned by Cosco Shipping Holdings, will sell off its entire interest in Long Beach Container Terminal in California for US$1.78 billion (HK$13.97 billion) in cash, according to a stock exchange filing on Tuesday morning.

But its sale to Cosco in July 2017 for HK$49.23 billion raised a red flag with US security agencies, which were unhappy with the idea of a state-owned firm taking indirect ownership of a major port. Cosco now owns 75 per cent of OOIL.

After lengthy negotiations, OOIL and Cosco signed the agreement with the US Departments of Homeland Security and jJustice, promising to sell the terminals to “a suitable, unrelated third party” deemed “acceptable” to the US department.

The second largest port by volume, Long Beach imported 6.8 million TEU (twenty-foot equivalent units) in 2016, more than New York and second only to Los Angeles, according to data from the World Shipping Council.

The buyer was identified on Tuesday as an unlisted North American fund called Macquarie Infrastructure Partners (MIP).

MIP is managed by Macquarie Infrastructure and Real Assets, one of the world’s biggest asset managers with A$185.9 billion (US$130.91 billion) assets in infrastructure, real estate, agriculture and energy. It is part of the Sydney-headquartered financial conglomerate Macquarie Group.

MIP is managed by Macquarie Infrastructure and Real Assets, one of the world’s biggest asset managers with A$185.9 billion (US$130.91 billion) assets in infrastructure, real estate, agriculture and energy. It is part of the Sydney-headquartered financial conglomerate Macquarie Group.

OOIL’s share price rose 3.5 per cent to close at HK$53 on Tuesday after the deal was announced in the morning, while its controlling shareholder Cosco Shipping gained 1.1 per cent to close at HK$3.65. The broader Hang Seng Index fell by 0.7 per cent.

“The announcement of the buyer for the Long Beach Terminal is positive to both OOIL and Cosco Shipping as it removes the uncertainties about who will buy the assets,” said Jeffrey Chan, a founding partner of Hong Kong-based Oriental Patron Financial Group. “The deal also provides cash for the company to do other expansion of ports or its shipping businesses.”

*Expansion of ports and shipping bus. ? Seriously, this could only aid in human trafficking

*Skip down. Article below also full of information on Chinese buyers of shipping ports

https://www.ooilgroup.com/business/portsandterminals/Pages/default.aspx

ORIENT OVERSEAS INTERNATIONAL LIMITED

The Group operates two container terminals, the results of which form an integral part of the international containerized transportation business.

These two terminals are solely called at by the Group's vessels or by OOCL's alliance partners.

One of them is Long Beach Container Terminal in California, USA, and the other is Kaohsiung Terminal in Taiwan

Group Companies Cargo Smart https://www.cargosmart.com/en/default.htm - OOCLogistics https://www.cargosmart.com/en/default.htm

OOCL https://www.oocl.com/eng/Pages/default.aspx Refrigerated Cargo Is Our Business oh brother this needs to be researched!

Long Beach Container Terminal https://www.lbct.com/Home/index LBTC (Vessel Schedule Listing Included)

KAOCT https://www.kaoct.com/tchi/pages/default.aspx

MAQUARIE Group https://www.macquarie.com/us/corporate What the HECK is THIS? Strange page.

Board of Directors https://www.macquarie.com/au/about/company/leadership/board

Hope this has contributed in some way. We know what are in some of those shipping containers, don't we.

Human Trafficking in Shipping Containers http://www.containerquote.com/human-trafficking

Every once in awhile we hear about people trying to move groups of people illegally between countries in shipping containers. Some even go so far as to set up a 40’container like a small apartment in an attempt to bring someone in to the United States illegally. Others just try to cross through boarder crossings as if a standard international shipment. Either way, it is not only illegal, but dangerous to national security as well.

Other instances can include smuggling people in that would not normally be allowed through US borders. Maybe they are drug and arms dealers or maybe they are wanted on a terrorist list and are a threat to national security. People have been found as stowaways on container ships as well as in the backs of drayage trucks moving from the ports.

https://www.thestar.com/news/world/2017/02/23/13-people-suffocate-in-libya-shipping-container-tied-to-human-traffickers-aid-group.html

13 people suffocate in Libya shipping container tied to human traffickers: aid group

The locked container was transported from the central town of Bani Walid to Khoms in western Libya, from where the migrants were to be taken across the Mediterranean.

If this is happening in Libya, it is happening on the shores of Long Beach one of the largest ports.

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theooeht ago

This is awesome stuff!

Thanks for this. Lots of names to track down. Looks like our POTUS has targeted where the problems are. And with this port shut down, the options for the elite cabal grow slimmer.

I wonder if this is one of the reasons I didn't get Q. I mean, it would seem he was taunting Soetoro. That could be the reason why I never know WTH he's talking about or referring to. I'm not meant to know at the time, it's meant to unnerve the elite. I'll have to think about that.

Thanks again. Stellar work.

carmencita ago

YW. I will try to do more if I can. Lots of personal stuff. But I like exposing these Bleeping Perverts.

theooeht ago

It's much appreciated by everyone.

carmencita ago

TY :)