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U.S. Forces China Out of Port of Long Beach Terminal Ownership
universalcargo.com ^ | October 15, 2019 | Jared Vineyard

Posted on 12/22/2020 8:22:41 AM PST by ransomnote

It’s probably not a good idea for a country you’re fighting in a trade war to control one of your biggest ports. That’s a situation that was set to happen because of COSCO Shipping’s deal to buy Orient Overseas International Limited (OOIL) back in 2017 and President Trump starting a battle of escalating tariff hikes with China in 2018.

OOIL owns the Long Beach Container Terminal. That’s the company that operates the Long Beach Container Terminal at the Port of Long Beach. Yes, the company shares the same name as the terminal, rather than OOIL using an Orient Overseas moniker.

COSCO shipping is a Chinese state-owned company. Taking over its Hong Kong based rival OOIL means COSCO would take over Long Beach Container Terminal. You can connect those dots with the transitive property.

While the topic didn’t get much press, probably because this is the generally thought of as dull topic of international shipping we’re talking about here, the Trump Administration obviously didn’t like the idea of the Chinese government controlling the operations at one of America’s most important ports. Yes, this could fairly be classified as a national security issue.

Therefore, the U.S. government required OOIL to sell the Long Beach Container Terminal. It took some time for OOIL to find a buyer and the sale to get approval, but things are moving forward with the transaction. Though that isn’t to say the process of regulatory approval is complete.

Back in April, Chester Yung reported in the Wall Street Journal:

Orient Overseas (International) Ltd. said Tuesday that it would sell the Long Beach Container Terminal business in Southern California to a consortium led by Macquarie Infrastructure Partners for $1.78 billion.

The sale by the unit of China-based Cosco Shipping Holdings Co. is being undertaken pursuant to the National Security Agreement entered into by Orient Overseas, fellow Cosco Shipping unit Faulkner Global Holdings Ltd., the U.S. Homeland Security Department and the U.S. Justice Department last July. Under that agreement, Orient Overseas had committed to divest itself of ownership of the Long Beach Container Terminal business.

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TOPICS: Miscellaneous
KEYWORDS: china; longbeach; port
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The article notes that control of the Long Beach port in relation to China is likely classified information.

I believe that Barry Sotero already sold (or perhaps initially leased) the port to China, along with one on Florida's coast and that the information is classified because the public might wonder what China's been doing with those ports during Obama's reign.

"Anonymous sources" on the internet wrote about this port a few years ago - asserting that they were treated as sovereign and did not allow US inspection of it.

I've just heard from Steven Ben Nun that Israel has this kind of arrangement with China now. China has bought a port (or container shipping dock?) and is preparing to buy another near Haifa. Also, Steven says that going forward, China will dictate the terms under which the US may access those ports.

Prayers up for Israel - China is a harsh "ally" that only intends to rob, steal and destroy etc.

For Christians, FReeper Ymani Cricket recently wondered if "Red Dragon" = China. It could explain some things.

1 posted on 12/22/2020 8:22:41 AM PST by ransomnote
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To: ransomnote

No worries, creepy, corrupt China Joe will fix this.


2 posted on 12/22/2020 8:23:44 AM PST by brownsfan (The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.)
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To: ransomnote

3 posted on 12/22/2020 8:25:42 AM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: brownsfan

Feinstein was trying to do this quite a number of years ago. Mike Savage railed against it numerous time on his “Savage Nation” show.


4 posted on 12/22/2020 8:36:53 AM PST by Parmy
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To: ransomnote

We have undone Commisar Clinton’s handiwork.


5 posted on 12/22/2020 8:45:34 AM PST by Terry L Smith
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To: ransomnote

bookmark


6 posted on 12/22/2020 9:00:04 AM PST by Loud Mime ("Now, go and do your duty before darkness covers the earth." Michael Uhlmann (1939 - 2019))
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To: ransomnote
It’s probably not a good idea for a country you’re fighting in a trade war to control one of your biggest ports.

Probably?

7 posted on 12/22/2020 9:00:45 AM PST by GOPJ (If China let go a virus that primarily killed gays, would Madison Ave. still up Chinese in TV ads? )
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To: ransomnote

China has controlled, through Hutchinson-Whampoa, both entrances to the Panama Canal since shortly after Operation Just Cause unseated Noriega.


8 posted on 12/22/2020 9:03:37 AM PST by jagusafr ( )
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To: GOPJ

It’s called understatement for effect.


9 posted on 12/22/2020 9:19:29 AM PST by Balding_Eagle ( The Great Wall of Trump ---- 100% sealing of the border. Coming soon. )
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To: Balding_Eagle

:)


10 posted on 12/22/2020 9:26:58 AM PST by GOPJ (If China let go a virus that primarily killed gays, would Madison Ave. still up Chinese in TV ads? )
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To: ransomnote

A general reply here. If you are unaware, see the Belt and Silk Road initiative and commentaries.

https://www.cfr.org/backgrounder/chinas-massive-belt-and-road-initiative


11 posted on 12/22/2020 9:29:16 AM PST by jgwells1
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To: ransomnote

Port Snort, Part Deux!


12 posted on 12/22/2020 9:30:41 AM PST by mewzilla (Break out the mustard seeds. )
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To: All

A terrifying country we have become. Our enemies are so large throughout the land. May YHVH (God) forgive us.


13 posted on 12/22/2020 9:39:54 AM PST by veracious (UN=OIC=Islam; USgov may be radically changed, just amend USConstitution)
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To: ransomnote

Long Beach is the busiest port in the US.


14 posted on 12/22/2020 9:46:09 AM PST by Mariner (War Criminal #18)
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To: ransomnote

Next: PANAMA CANAL


15 posted on 12/22/2020 10:40:42 AM PST by Salvavida
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To: Whenifhow; null and void; aragorn; EnigmaticAnomaly; kalee; Kale; AZ .44 MAG; Baynative; bgill; ...

P


16 posted on 12/22/2020 12:14:18 PM PST by bitt (Anton Chekov: “Any idiot can face a crisis; it's this day-to-day living that wears you out.”)
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To: ransomnote

Meanwhile moslems control most ports on the east coast ....


17 posted on 12/22/2020 12:19:25 PM PST by no-to-illegals ( Liberals, leftists, Rinos, moslems, illegals, lamestream media. All want America to fail and die)
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To: jagusafr

China has controlled, through Hutchinson-Whampoa, both entrances to the Panama Canal since shortly after Operation Just Cause unseated Noriega.

~~~~~~ Wow. I don’t know how I missed that! That’s YUGE! Was it well publicized at the time? Wow.


18 posted on 12/22/2020 12:30:14 PM PST by ransomnote (IN GOD WE TRUST)
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To: ransomnote

Well, we were assigned there and were at Albrook AFS when the mortars and tracers started firing (0050 on 20 Dec 89), so I may have been more tuned in than some.

Colonel, USAF TJAGCR (ret)


19 posted on 12/22/2020 12:39:39 PM PST by jagusafr ( )
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To: MtnClimber

The next mountain carving in what used to be America


20 posted on 12/22/2020 12:40:56 PM PST by no-to-illegals ( Liberals, leftists, Rinos, moslems, illegals, lamestream media. All want America to fail and die)
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