Favorable Offshore Winds Blowing from the Biden Administration
As part of his Executive Order on Tackling the Climate Crisis at Home and Abroad (EO 14008)—issued on the first day he took office—President Biden made significant commitments to renewable energy. These commitments include collaborating with multiple federal agencies in the United States and promoting critical industry support for the acquisition of electric vehicles for the federal fleet, as well as rejoining the Paris Climate Agreement, the landmark international agreement signed in 2015 to limit global warming.
APM Terminals to Sell Container Terminal in Virginia
Port operator APM Terminals, a unit of Denmark's A.P. Moller-Maersk, said it would sell a big U.S. container terminal to infrastructure investor Alinda Capital Partners and a British private pension fund. The companies, in a joint statement on Tuesday, did not disclose the price that Alinda and Universities Superannuation Scheme Limited will pay for APM Terminals Virginia, the deep-water terminal in Portsmouth, Virginia. The terminal, which APM describes on its website as the largest privately owned terminal in North America…
Alliance St. Louis at APM Terminals Virginia
On August 27, Alliance St. Louis, a Maersk Line, Limited (MLL) vessel, docked and loaded rolling stock cargo at APM Terminals Virginia, becoming the first roll-on/roll-off vessel to call the Portsmouth terminal since the container facility opened in July 2007. MLL and APM Terminals welcomed almost 40 U.S. military officials and guests to view Alliance St. Louis’ arrival and loading. “The terminal has an excellent setup for transporting vehicles, helping to improve transit times…
