METRANS Blog

By Geraldine Knatz
Wednesday, October 21, 2015 - 3:41pm

For decades, ports reacted to changes in the maritime industry, expanding facilitates to accommodate trade.  The shipping lines would order larger ships and the ports responded, expanding their terminals to serve their customers.  If navigation channels needed deepening, the ports would seek federal dollars or undertake the work themselves.  Ports made these investments and received a return on their investment over the life of a long term lease with a shipping line or a terminal operator with strong ties to a shipping line.  It was an economic model that worked for the ports and their cust