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Public-private partnerships support seaport development

from The Maritime Executive

Strange as it might seem, the threat of administration-imposed tariffs has not slowed investment in America's ports. Most are already engaged in making upgrades, performing maintenance, expanding to facilitate larger ships and constructing new storage facilities. Many have already deepened shipping channels, built new locks and invested in larger cranes and other facilities. This is all happening because of the advent of the new and larger neo-Panamax ships, which can transport 10,000 or more containers. The improvements to harbors and terminals mark an ongoing growth in port infrastructure. The impact on local and regional economies is huge — representing billions of dollars and thousands of new jobs created. more


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