ShippingWatch

Billion-dollar plan essential to US port industry

USD 12.3 billion in new funding will enable the US ports to become completely ready for the mega-ships, which will require even more efficiency, APM Terminals CEO of Latin America tells ShippingWatch.

Photo: /ritzau/AP

With an additional USD 12.3 billion in hand, the US ports can now become fully prepared to receive the increasingly bigger container ships, where Maersk Line set the first standards with its Triple-E series.

The many billions of dollars are part of a bill approved this summer, and which is absolutely essential to the port industry, says Joe Nielsen, current CEO of APM Terminals Latin America, though he worked in the US before that. And ports on the US East Coast, in particular, are in need of additional capital:

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