US shipping sector will react to long-term changes
Thursday, July 11, 2019
Significance
China-US trade tensions are affecting global trade patterns, and this includes the outlook for US shipping -- an industry which itself faces a changing operating environment as new technologies and regulations come online.
Impacts
- The US transport department has announced a nearly 300-million-dollar grant programme for port infrastructure.
- A larger US infrastructure bill is unlikely before 2021, as Republicans and Democrats are politically gridlocked.
- Liquefied natural gas export terminals will continue to receive government backing, likely under Democrats too.
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