Free Republic

Under a long-term deal sealed by the Obama administration, a Chinese Communist company was set to control the second-busiest container port in the United States. In an unreported Trump administration victory, the Communists are out after a drawn-out national security review forced a unit of China-based COSCO Shipping Holdings Co. (Orient Overseas Container Line—OOCL) to sell the cherished container terminal business, which handles among the largest freight of imports into the U.S. It all started with a 40-year container terminal lease between the Port of Long Beach in southern California and Hong Kong. The Obama administration proudly signed the agreement...

Chinese Got Long Beach Deal! By Staff Investigative Journalists LONG BEACH DESK - The Long Beach Naval Station was tentatively placed on the Military Base Closure-List by president George Bush in 1991. President Bill Clinton, closed the naval base last in 1993. That resulted in the loss to Long Beach, California of 17,500 military and civilian jobs. The economic impact of the of loss was $52.5 million and drove the California economy into the tank. It has never recovered. Between 1995-1996, during the heat of the Clinton-Gore Campaign fund raising activity, the Clinton administration actively intervened to make sure...

The Trump Administration’s Department of Homeland Security has forced China’s state-owned Costco to sell the Port of Long Beach over security concerns. China’s Costco Shipping Holdings, which bought out its 75 percent-owned Hong Kong-based Orient Overseas International (OOCL), was forced to sell its Port of Long Beach Container Terminal ownership to Macquarie Infrastructure Partners for $1.78 billion. The Obama administration had no problems with OOCL signing a 40-year lease with the City of Long Beach in 2012 for control of America’s second largest and most automated container handling operation. The sweetheart deal was part of the “Middle Harbor Redevelopment Program"...