POLB Looks to Becoming an Industry Hub

MarineLink.com
Thursday, August 29, 2013

The Port of Long Beach is an economic engine that purrs like a luxury sedan, but Thomas Fields, President of the Port of Long Beach Commission, believes it has the potential to roar like a racecar.

“As the nation’s second busiest trade gateway, we are an ideal nucleus for a cluster of economic activity built on the maritime industry,” said Fields, the President of the Long Beach Board of Harbor Commissioners. “There is so much opportunity.”

An industry cluster is a geographical concentration of interconnected businesses, suppliers and associated institutions that share a specialized infrastructure, labor markets and services for competitive advantages and gains. Apply it to Long Beach, and the picture emerges of a port-city where a wide range of industries – banking and finance, information technology, environmental firms, manufacturing and others – can flourish around the existing core built on international trade.

The concept, which Fields began to explore more than a year ago, was the centerpiece of his recent inaugural address as board president. In late August, Fields and Dr. Noel Hacegaba, the Port's Acting Deputy Executive Director, took the message to the Global Initiatives Council of the Los Angeles Chamber of Commerce

“Currently our Port is awarding $700 million a year in contracts to companies,” said Fields, who joined the commission in 2009. “We can leverage those contracts to attract related businesses to this city and the high-paying jobs, tax revenues and investment that they bring.”

Fields is already setting the stage for this vision to become a reality by pursuing a port-city partnership with Long Beach Mayor Bob Foster. While the Port can be the driving force, successful industry clusters, such as the automotive model that revitalized the state of South Carolina, are built on strong alliances, he said.

 

Maritime Reporter September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Ports

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

UN Authorizes Ship Inspections Near Somalia For Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

Finance

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

Logistics

UN: Ship Inspections near Somalia for Arms, Charcoal

The United Nations Security Council authorized the inspection of boats suspected of carrying illegal shipments of charcoal or weapons to and from Somalia on Friday,

Singapore Bunker Meter Mandate Targets 'Frothy Fuel'

Singapore, the world's biggest bunkering port, plans to end the so-called "cappucino effect" in ship fuelling through new meters designed to stop suppliers from short-changing customers,

Antwerp Port Achieves Highest Throughput

The port of Antwerp handled a freight volume of 148,344,168 tonnes during the first nine months of this year. That’s 3.7% more than the same period last year. Both

 
 
Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1510 sec (7 req/sec)