The American Association of Port Authorities (AAPA) annual conference coincided with President Trump’s State of the Union address, and the cheers from attendees watching the speech on a big screen TV, following the first day’s presentations, grew louder and louder each time that he used the “I-word” (infrastructure) in his remarks.
Intermodal rail connections from China ports such as Yantian International Container Terminal (YICT) depend on the national rail network and it seems that the priority at the moment is not on the carriage of cargo, said Hutchison Port Yantian commercial department gm Carmen Leung.
In the Summer of Trump, there have been mixed signals on funding for “all things infrastructure” in the US, among other things.
Bureaucratic tangles and hand-sitting is potentially causing the Port of Hong Kong to lose millions of dollars in lost business and seriously threaten its role as a leading container port, local reports cited industry players as saying.
UAE’s DP World and India’s National Investment and Infrastructure Fund (NIIF) have signed a memorandum of understanding (MOU) to develop the logistics sector in India.
The problem with political promises - from either party in the US - is that the big ideas need to be translated into specific action items.
When the subject turns to infrastructure investment in the States and the potential impacts on deepsea and domestic shipping, the booming energy markets are now receiving increased attention.
Terminal operator DP World is looking to invest up to $1bn in India in the coming years with a focus on developing infrastructure around existing ports, according to the group’s chairman, Sultan Ahmed Bin Sulayem.
The overall sluggish shipping market of today can look forward to the One Belt One Road (OBOR) initiative as a long term catalyst for growth, industry players from the financial sector have shared.