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Ocean carriers with vessels calling at the Port of Long Beach are set to be be further incentivized to deploy their greenest ships.
The Long Beach Board of Harbor Commissioners earlier this month approved changes to the port’s Green Ship Incentive Program, launched in 2012, that incorporate the international Environmental Ship Index (ESI). The ESI is a voluntary system that identifies seagoing ships exceeding the current emission standards of the International Maritime Organization.
Beginning July 1, 2021, the updated program will include three incentive levels ranging from $600 to $6,000, depending on a vessel’s ESI score. Vessels with main engines meeting International Maritime Organization’s Tier III standard, which require dedicated NOx emission control technologies, are eligible for an additional $3,000 credit, meaning a vessel could be eligible for up to $9,000 on every call.
Low-emissions natural gas-powered trucks will be exempt from a per-container fee thanks to a 4-1 vote by the Long Beach Board of Harbor Commissioners Monday.
Chief Executives Name California as Worst State for Doing Business
California is the worst state in the union for doing business again.
For the second year running, California ranked dead last in a survey of chief executives regarding the best and worst states to run companies.
Even though California is home to the Port of Los Angeles, Silicon Valley, Hollywood, and Napa Valley all best-in-class for the industries with which their regions are synonymous California’s high tax burden, high cost of living, and other factors put the Golden State at the bottom of the list, according to the latest annual ChiefExecutive.net survey.
San Pedro Port Largely Excluded From Biden’s Infrastructure Proposal
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One out of 50 Americans derive their employment from the economic powerhouse at the combined ports of Los Angeles and Long Beach.
Even so, less than one percent of the infrastructure spending proposed last week by President Joe Biden would be spent on all “inland waterways, coastal ports, land ports of entry, and ferries,” according to an independent analysis done for The Epoch Times. The analysis is based on the White House’s “fact sheet,” published last week to accompany Biden’s so-called infrastructure proposal.
Of course, it has not yet been disclosed how much of that spending would go toward improving coastal ports, as opposed to improving river waterways, border crossings and ferries.