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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: ild who wrote (47869)3/13/2006 2:00:45 PM
From: ild  Read Replies (1) of 116555
 
The ports of Los Angeles and Long Beach count foreign companies as managers at 13 of 14 port-owned container terminals, and three of those companies are controlled by foreign governments.

Cosco, China's largest shipping line, co-manages a terminal with Seattle-based SSA Marine at the mouth of Long Beach's port; another huge shipping company controlled by the Chinese government, China Shipping Co., operates a terminal at the neighboring Los Angeles port, as does the APL subsidiary of Singapore's Neptune Orient Lines. A publicly traded shipping line based in Hong Kong and companies from South Korea, Taiwan, Japan, Denmark and land-locked Switzerland also manage terminals in the region.

latimes.com
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