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Southwest CEO expects Boeing MAX 7 certification around August 2026
Southwest Airlines CEO Bob Jordan said on Thursday that the Boeing 737 MAX 7 is expected to be certified around August 2026. The U.S. airline will then'start flying' the small single-aisle aircraft during the first quarter in 2027. Jordan, speaking at an event hosted by the Wings Club of New York City, said that "Boeing had said about mid-summer." "I'd guess that it will be?certified in August 2026." Jordan told analysts he expects the certification of Boeing’s smallest MAX Jet sometime in the first half 2026. The aircraft could enter service by the end of the next quarter. Southwest does not have a MAX 7 in its fleet plan for 2026. Southwest is the MAX 7's launch customer. Boeing has been unable to certify its MAX 7 or MAX 10 models because of a problem with engine de-icing. Boeing has also faced delays when trying to certify the widebody 777X. Boeing's CEO Kelly Ortberg told analysts in the past that he expects certification of the MAX 7 and larger MAX 10 jets to occur by 2026. He did not give a specific date. Boeing referred on Thursday to Ortberg's remarks. The Federal Aviation Administration (FAA) of the United States has announced that it will propose changes in order to speed up certification for new commercial aircraft.
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US lawmakers call for tougher safety regulations on military helicopters
Cruz-Cantwell Bill proposes stricter safety requirements The Defense Bill allows the Transportation Secretary to grant waivers Families of crash victims demand visibility standards that are enforceable By David Shepardson WASHINGTON, Dec 11 - U.S. lawmakers urged on Thursday to strengthen military heli safety rules in an annual defense bill following the fatal crash of an Army Black Hawk with an American Airlines passenger?jet, which killed 67 people. Ted Cruz, Republican chair of the U.S. Senate Commerce Committee, and Maria Cantwell (top Democrat) filed a joint amendment on Thursday to remove the military helicopter clause from the defense bill, and replace it with tougher requirements that were approved by the committee back in October. The Cruz-Cantwell bill would require aircraft operators by the end of 2031 to equip their fleets with an ?automatic dependent surveillance-broadcast system, also known as ADS-B. Advanced tracking technology allows aircrafts to broadcast their exact position, altitude and velocity. The Cruz-Cantwell Bill also proposes significant safety reforms. These include a heightened oversight of jet traffic, helicopter traffic, and flight routes close to commercial airports. The senators, in a statement released jointly, criticized the proposal included in the defense legislation. After the?collision on January 29, aviation safety in Washington has been questioned. The Army Black Hawk helicopter that was involved in the accident was flying over maximum altitude and at the time, it wasn't broadcasting ADS-B. The Federal Aviation Administration banned the Army's helicopter flights near the Pentagon after a close call occurred in May. The bill requires U.S. helicopters flying training missions to broadcast warnings to commercial aircraft nearby, but it does not specify what type of alerts should be sent. The Defense Department may be able to waive this requirement after completing a risk analysis and addressing the risks to commercial aircraft. Cantwell stated that the defense bill will roll back FAA regulations imposed after the crash. Cantwell stated that the bill "leaves the public less secure". Top Republicans and Democrats in the Senate Armed Services Committees and the House Armed Services Committees have defended this less restrictive provision. They said that any waiver would still require the approval of the Transportation Secretary. The lawmakers of the Armed Services Committees said that these important requirements were critical first steps that will help to make our skies safer. Republican Troy Nehls chairs a House Aviation Subcommittee. He said that the Defense Bill "fails seriously to consider?the safety of DC’s congested airport." Jennifer Homendy, chair of the National Transportation Safety Board, called the helicopter proposal in the defense bill "an unacceptable danger to the flying public." The language of the defense bill is not acceptable to the families of those who died in the collision on January 29. In a press release, they demanded "real, enforceable standards of visibility for all military aircraft that operate near civilian traffic." David Shepardson, Washington reporter; David Gregorio, editor
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US prepares to seize additional tankers near Venezuelan coast after first vessel taken, say sources
Six sources with knowledge of the situation said that the U.S. was preparing to intercept additional ships transporting Venezuelan crude oil after the seizure this week of a tanker. This is part and parcel of increasing pressure on Venezuelan president Nicolas Maduro. It was the first time that a Venezuelan oil tanker or cargo had been intercepted by U.S. authorities since 2019. The seizure came at a time when the U.S. is executing a massive military buildup on the southern Caribbean and as 'U.S. Donald Trump is pushing for Maduro to be ousted. Sources said that the latest U.S. actions have put shipowners and operators involved in shipping Venezuelan crude oil on alert. Many are now reconsidering whether they will continue to do so in the near future. Sources familiar with the situation, who declined to name themselves due to the sensitive nature of the issue, expect the U.S. to continue to intervene directly in the weeks to come against ships transporting Venezuelan oil, which may have also transported oil from countries that are under U.S. sanction, like Iran. U.S. ASSEMBLES TANKER TARGET LIST: SOURCE PDVSA, Venezuela's oil state company, did not respond to a comment request. Venezuela's government said this week that the U.S. seizure was a "theft." When asked if the Trump administration intended to seize more ships, White House spokesperson Karoline leavitt said she wouldn't speak about future action but that the U.S. will continue implementing the president’s sanctions policies. She said: "We won't stand by while sanctioned ships sail the oceans with black-market oil, whose proceeds will fuel the narcoterrorism and illegitimate governments around the globe." According to a person familiar with the situation, the U.S. is preparing a list of additional sanctioned oil tankers that could be seized. According to two people, the U.S. Justice Department (DoJ) and Homeland Security (HS) had planned the seizures for months. The Maduro government would be financially strained if Venezuelan oil exports were to cease or reduce. They are the primary source of revenue for Venezuela. Treasury Department announced on Thursday that it had imposed sanctions against six supertankers, which, according to PDVSA internal documents and data from ship monitoring, "recently loaded crude oil in Venezuela", and four Venezuelans including three relatives of Cilia Flores, the first lady of Venezuela. It is not known if the newly sanctioned vessels are among those that will be targeted for interception. The seizure on Wednesday comes after the U.S. In recent months, the U.S. has conducted more than 20 airstrikes against what it claims are drug vessels in both the Caribbean and Pacific. More than 80 people have been killed. Experts claim that the strikes could be extrajudicial illegal attacks. The U.S., however, claims it is protecting Americans against drug cartels which it has labeled as terrorist organizations. According to a U.S. Venezuelan policy source, further ship seizures may be used to tighten the financial screws against Maduro. Maduro claims that the U.S. buildup in military forces is aimed at toppling him and gaining control over the OPEC nation’s oil resources. The U.S. is now focusing on what they call the "shadow fleet" of tankers, which transports oil sanctioned to China as the biggest buyer of crude from Venezuela or Iran. The sources said that a single vessel would often make separate trips for Iran, Venezuela, and Russia. Sources said that the seizure by authorities of the Skipper tanker caused at least one shipper to suspend temporarily the voyages for three newly loaded shipments of Venezuela's flagship export grade Merey totaling nearly 6 million barrels. A Venezuelan oil trader said, "The cargoes had just been loaded and they were about to sail to Asia." The voyages have been cancelled, and now tankers are waiting near the Venezuelan coast because it is safer. Surveillance of Targets One source said that U.S. forces are monitoring the tankers and vessels at sea, as well as those in Venezuelan ports being repaired or loaded. They will wait until they sail into international waters to take action. Another source said that in the weeks leading up to the?seizure' of Skipper - which had been previously sanctioned due to its oil trade with Iran - U.S. forces increased surveillance of waters near Venezuela and the neighboring Guyana. Leavitt, at the White House said that the vessel seized was expected to sail into a U.S. Port where the government plans to seize the oil cargo through a legal process. One source said that the timing of future seizures will partly depend on how fast ports can receive seized vessels to?unload oil cargoes. The shadow fleet of vessels that transports sanctioned oil is largely comprised of old ships, whose ownership is obscure and who sail without insurance. Many ports would be reluctant to accept the vessels. One source said that a U.S. Warship monitored and briefly detained a vessel called the Seahorse in November, because it was under UK and European Union sanctions for its oil trade links with Russia. The vessel then sailed into Venezuela. Legal experts said that while the Venezuelan government called the U.S. seizure "an act international piracy," it didn't fall under this definition in international law. Laurence Atkin-Teillet is a British specialist in piracy, law of the ocean and maritime terrorism. The term "piracy" in this context seems to be a rhetorical or figurative usage, and not a legal one.
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US sanctions Maduro family and Venezuelan oil tankers
Washington is increasing pressure on Caracas by imposing new sanctions on 'Venezuela. They include curbs on six crude oil tanks and shipping companies that are linked to three nephews of Nicolas Maduro, the wife of the president. The move came at a time when the U.S. is executing a massive military buildup in southern Caribbean, and while U.S. president Donald Trump is campaigning for Maduro to be ousted. Trump announced on Wednesday that the U.S. seized an oil tanker sanctioned by the U.N. off the coast of Venezuela. In a press release, the U.S. Treasury Department said that it had imposed sanctions against six shipping companies involved in?moving Venezuelan crude oil and six crude oil tanks linked to these companies. The U.S. Treasury Department, in a statement, said it imposed sanctions on six shipping companies?moving Venezuelan oil, as well as six crude oil tankers linked to them. According to internal documents of the state oil company PDVSA, the vessels targeted are supertankers which recently loaded crude in Venezuela. Sanctions were also imposed on Franqui Flores (nephew of Venezuelan First Lady Cilia Flores) and Efrain Campo Flores. After their arrests in Haiti, in 2015 as part of a U.S. Drug Enforcement Administration operation, the two were nicknamed "narco-nephews". In 2016, they were sentenced to 18-years in prison for attempting to execute a multimillion dollar cocaine deal. They were then released as part of a prison exchange with Venezuela in 2022. The Venezuelan Communications Ministry, which is responsible for handling press inquiries on behalf of the government, has not responded to a comment request immediately. Wednesday's seizure of Venezuelan oil was the first since U.S. sanctions have been in place since 2019. It is the first action taken by the Trump administration against a Venezuelan-related tanker since he ordered the massive military buildup of the region. Trump has raised the possibility that military intervention could be launched in Venezuela repeatedly, accusing it of sending drugs to the United States. There have been more than 20 U.S. strikes on suspected drug vessels. This has raised concern among legal experts and lawmakers. Reporting by Daphne Psaledakis and Marianna Pararaga; editing by Caitlin Nickel and Rod Nickel.
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Pacific Northwest evacuated after heavy rains cause widespread flooding
Flooding was caused by heavy rains that soaked the Pacific Northwest on Thursday. This affected a large part of the Pacific Northwest, from Oregon to Washington State and British Columbia. This forced dozens of road closures and widespread evacuations. Meteorologists refer to the atmospheric river as a massive airborne current that funnels dense moisture inland from Pacific Ocean. The storm's brunt fell on the western half of Washington State. Flood watch warnings were issued by the U.S. National Weather Service from the Cascade Mountains up to Puget Sound and for the north-central outskirts of Oregon. The Weather Service reported that the storm dumped up to 10 inches of rain (12.7-25.4 cm) over large swathes of the Pacific Northwest. 72-hour totals reached more than one foot by Thursday on the western flanks the Cascades. The 'worst flooding' was mainly reported along the Snohomish River and Skagit River. Authorities reported that dozens of roads had been closed in Snohomish County northeast of Seattle due to flooding overnight. Emergency teams performed a number swiftwater rescues there on Thursday. Residents of Skagit County who live in low-lying parts of a floodplain that is 100 years old were urged to "evacuate immediately to high ground" because there was major flooding. Washington Governor Bob Ferguson stated on social media that he expected up to 100,000 residents to face evacuation orders. He also predicted rivers would reach historic flood levels. Ferguson declared a state of emergency on Wednesday, urging federal aid to be expedited as the Weather Service predicted the possibility for catastrophic flooding. Vancouver Highways Shut Down Local authorities in British Columbia said that the majority of major highways leading into Vancouver, a Pacific port city, were closed Thursday due to flooding, falling stones and?the danger of avalanches. The British Columbia Transport Ministry, which is the province in which Vancouver, Canada's largest port is located, said that the situation was "evolving and very dynamic". In a press release, it warned that "other provincial roads could be closed without much notice." Five of six highways leading into?Vancouver are closed. However, the main route from Seattle remains open. Vancouver is mainly accessible via a limited railway and highway network that crosses over the Rocky Mountains. This makes it vulnerable to severe weather. A atmospheric river in late 2021 dumped two days' worth of rain on southern British Columbia. This caused floods and mudslides, which killed four people and cut off rail access into Vancouver. The damage was more than C$500,000,000 ($363,35,000,000). Vancouver is a major exporter of resources, such as potash, coal and forestry products. It also exports pork, beef, and hogs. The atmospheric riverstorm was expected to subside on Thursday. However, the Weather Service warned of lingering rainfall that continued to pose an increased flood risk across the region.
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Lula, Maduro spoke about situation in Caribbean, South America, Brazil's government says
The Brazilian government announced on Thursday that Luiz Inacio Lula da Silva, Brazil's president, spoke with Venezuelan counterpart Nicolas Maduro last month about the situation in South America and the Caribbean. The government reported that the two leaders had a "quick call" on the 21st of November. It added that there was no other development after the call. This was the first time they had called since last year, before Venezuela's presidential election. The?Brazilian Government and international observers challenged Maduro's self proclaimed reelection at the time. The Brazilian newspaper O Globo was the first to report this call on Thursday, citing its sources. The report said that Lula was concerned about the increasing U.S. presence in the Caribbean, as President Donald Trump stepped up pressure on Maduro’s socialist government. In prior talks with Trump, the leftist Brazilian leader?offered to serve as a mediator for negotiations between the U.S. (Reporting and writing by Lisandra paraguassu, editing by Paul Simao).
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US prepares to seize additional tankers near Venezuelan coast after first vessel taken, say sources
Six sources familiar with this matter told AFP on Thursday that the U.S. was preparing to intercept additional ships transporting Venezuelan crude oil after the seizure a tanker earlier this week. This is part of an effort to increase pressure?on Venezuelan president Nicolas Maduro. This was the first time that an oil tanker or cargo from Venezuela had been intercepted by U.S. authorities since 2019. The U.S. is executing a massive military buildup in southern Caribbean, and U.S. president Donald Trump is campaigning for Maduro to be ousted. Sources said that the seizure had put shipowners and operators involved in the transport of Venezuelan crude oil on alert. Many were reconsidering their plans to leave Venezuelan waters as planned in the next few days. Sources familiar with the situation who declined to name themselves due to the sensitive nature of the issue, said that the U.S. is likely to continue to intervene directly in the weeks to come against ships transporting Venezuelan oil, which may have also transported oil from countries subject to U.S. sanction, like Iran. U.S. ASSEMBLES TANKER TARGET LIST: SOURCE PDVSA, Venezuela's oil state company, did not respond to a comment request. Venezuela's government said this week that the U.S. seizure was a "theft." When asked if the Trump administration intended to seize more ships, White House spokesperson Karoline Leavitt said she wouldn't speak about future action but that the U.S. will continue to implement?the President's sanctions policy. She said: "We won't stand by while sanctioned ships sail the oceans with black-market oil, whose proceeds will fuel the narcoterrorism and illegitimate governments around the world." According to a person familiar with the situation, the U.S. is preparing a list of "several" more sanctioned oil tankers that could be seized. According to two people, the U.S. Justice Department (USJD) and Homeland Security planned the seizures months in advance. The Maduro government would be financially strained if Venezuelan oil exports were to cease or reduce. They are the main source of revenue for Venezuelan governments. The new U.S. strategy focuses on what's called the "shadow fleet" of tankers, which transports oil sanctioned to China, as the biggest buyer of crude from Venezuela or Iran. The sources said that a single vessel would often make separate trips for Iran, Venezuela, and Russia. Sources said that the seizure by the navy of the Skipper tanker caused at least one shipper temporarily to suspend three newly loaded shipments of Merey export grade from Venezuela, totaling nearly 6 million barrels. A trading executive involved in the shipping and dealing of Venezuelan oil said, "The cargoes had just been loaded and were about start sailing to Asia." The voyages have been cancelled, and the tankers are now waiting near the Venezuelan coast because it is safer. Surveillance of Targets One source said that U.S. forces are monitoring the tankers on sea, as well as some vessels being repaired or loaded in Venezuelan ports. They will wait until they sail into international waters before they take action. Another source said that in the weeks leading up to the arrest of Skipper - which had been previously sanctioned by the U.S. government for its oil trade with Iran - U.S. troops had increased surveillance of the?waters near Venezuela and the neighboring Guyana. One source said that the timing of future seizures will partly depend on how fast ports can receive seized ships to unload oil cargoes. The shadow fleet of vessels that transports sanctioned oil is largely old, the ownership is opaque, and they do not have top-tier insurance. Many ports would be reluctant to accept the vessels because of this. One of the sources claimed that a U.S. Warship monitored and briefly detained a vessel called Seahorse in November, before it sailed into Venezuela. Legal experts said that while the Venezuelan government called the U.S. seizure "an act international piracy", it didn't fall under this definition in international law. Laurence Atkin-Teillet is a British specialist in piracy, law of the ocean and maritime terrorism. The term "piracy" in this context seems to be a rhetorical or figurative usage, and not a legal one.
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Exports of CPC and BTC pipelines in November fell 12% m/m.
Industry sources reported on Thursday that premiums for Azeri BTC crude oil compared to Brent dated fell by 12% between November and October. According to the schedule, Azeri BTC crude exports to Turkey from Ceyhan have been set to 16.2 million barrels, down from 17.0 in December. The traders stated that the lower supply of grade "supported" the differentials. CPC, which is responsible for around 80% of Kazakhstan’s oil exports, suffered a drone attack on November 29th, causing severe damage to one of its three main exporting units. Sources said that exports fell last month from 1.52 million barrels a day to 5.088 metric tons or 1.34 mn barrels a day. PLATTS WINDOW SOCAR sold 650,000 barrels Azeri BTC from Ceyhan between Dec. 29 and Jan. 2, at Brent plus $3 per barrel to Vitol. Traders said that no bids or offers for Urals and CPC Blend were made on Thursday. OPEC data released on Thursday showed that Russian oil production increased in November by 10,000 barrels per day to 9,367 million. This is a modest increase from October. The OPEC+ group, which includes the major oil producing nations, agreed to a moderate rise in output quotas. Reporting by
U.S. aims to target China's grip over global ports with sweeping maritime missions
According to three sources who are familiar with the plan, U.S. president Donald Trump's government is on a quest to weaken China’s global network ports and bring in more strategic terminals to Western control.
This is part of an ambitious effort by the United States to increase its maritime influence. It is also designed to alleviate growing concerns in Washington about being at a disadvantage in the event of conflict with China.
The people said that Trump administration officials believed the U.S. Commercial Shipping Fleet was ill-equipped to support the military during wartime and Washington's dependency on foreign ports and ships is excessive.
Three people have said that the White House may consider supporting Western or American firms to purchase Chinese stakes at ports. The three people did not name any firms, but cited BlackRock's proposal to buy CK Hutchison's port assets in 23 countries including Panama Canal as a good case study.
They asked to remain anonymous because they were not authorized to speak publicly about the issue.
Requests for comments from the White House or U.S. Treasury were not answered.
Sources say that, in addition to Panama, U.S. officials are also concerned by Chinese holdings of maritime infrastructure, including in Greece, Spain, the Caribbean and U.S. West Coast Ports.
A spokesperson for the diplomatic mission of China in Washington stated that China has a normal level of co-operation with foreign countries within international law.
The spokesperson stated that "China has been against unilateral sanctions, which are illegal and unjustified. This includes so-called long arm jurisdictions and actions that violate and undermine the legitimate rights and interest of other countries through economic coercion and hegemony.
Beijing officials did not reply to our request for comment.
The U.S. Government views Chinese investments in ports around the world as a threat to national security, said Stuart Poole Robb, founder and chief intelligence officer of KCS Group.
He said that he was concerned about China using its assets to espionage or gain a military advantage, or disrupt supply chains in times of geopolitical crisis.
GREEK PORT IN CENTRAL FOCUS
Three sources confirmed that the U.S. will examine Chinese interests in the Greek Port of Piraeus. Piraeus, located in Athens in the eastern Mediterranean region, is an important hub for trade routes linking Europe, Africa, and Asia.
COSCO, one China's largest port and shipping group, owns 67% of the Piraeus Authority.
Sources close to Chinese shipping investors in Greece have expressed concern that Washington could target COSCO operations in Greece.
COSCO and Greek government have not responded to comments. Greek officials previously stated that they were not informed of any plans to take control of Piraeus.
Washington has already set COSCO as a target.
In January, the Department of Defense included state-owned COSCO on its blacklist of Chinese military-linked companies. The designation does not entail immediate bans for U.S. businesses doing business with the listed companies, but it can be interpreted as a sign that further actions are being considered.
The Development Research Center of the State Council (an official think-tank of China’s governing cabinet) said in a recent paper that the United States intended to attack China’s international influence through exaggerating the ‘China threat theory’ and use this excuse to force allied countries to choose sides in supply chain agreements.
The U.S. Administration has announced measures to increase America’s small commercial maritime presence in the world. This includes encouraging domestic shipbuilding. It also wants to expand access U.S. controlled shipping registries and review global maritime chokepoints to assess shipping risks.
China has a vast network of ports that it owns or leases through its state-controlled companies, such as China Merchants in Shanghai and SIPG.
A report by the Council of Foreign Relations (a U.S. think tank) published last year stated that China, through its various companies, had invested in 129 ports projects around the world as of August 2024.
According to U.S. Navy estimations, China's shipbuilding capacity is 230 times greater than that of U.S. shipyards, so it may take decades for the U.S. to catch up.
The U.S.'s maritime push has contributed towards tensions between the U.S. and China, who see port and shipping assets integral to their Belt and Road initiative. This is at a moment when both superpowers have already been at odds over trade and tariffs.
MEDITERRANEAN GATEWAY UNDER REVIEW
The U.S. Federal Maritime Commission began a review in March of seven chokepoints on the maritime route. It stated that it wanted to identify "regulations, policies or practices" that create unfavourable conditions for shipping.
This review examines the Strait of Gibraltar which separates Spain and Africa at the entrance of the Mediterranean Sea.
Two sources claim that the Spanish Prime Minister Pedro Sanchez's desire to strengthen trade relations with China has caused Washington to be concerned about Beijing's access its ports.
When asked to comment on Chinese port investments, a spokesperson for the Spanish Foreign Ministry said: "We do not know of any concerns or approaches from third parties in this regard and it is therefore not appropriate for us comment."
A spokesperson for the Spanish Port Authority confirmed that COSCO holds concessions to operate container ports in Valencia and Bilbao.
Since returning to the White House, Trump has taken a number of steps to increase U.S. power over the oceans.
In April, he signed an executive directive to revitalize shipbuilding capacities to expand the U.S. controlled vessel fleet.
His administration is looking at a proposal for a new shipping registry to be established in the U.S. Virgin Islands. This registry would allow vessels to fly a U.S. flag without meeting the more stringent standards of the U.S. domestic registry.
The U.S. will soon start charging Chinese-built or Chinese flagged vessels fees when they call at U.S. port.
Trump also wants to seize the semi-autonomous Danish Greenland territory, which is close to the Arctic and has important shipping routes.
Sources familiar with the plans say that this is the most ambitious attempt by the U.S. since Richard Nixon tried to boost domestic shipbuilding, commercial ship registry and U.S. maritime power.
Poole-Robb, a KCS analyst, said that the U.S. will likely continue to build alliances and partnerships in order to counter Chinese economic growth and power in the near to medium term.
CARIBBEAN SHIPMENT CONCERNS
According to three sources, the United States is also concerned about Chinese investments in Jamaica's Kingston Terminal, which is a major maritime transhipment hub for the Caribbean because of its location and deep water port facilities.
China Merchants owns a share in the company that operates Kingston's container port, along with France's CMA CGM. JISCO, a Chinese metals company, bought the Alpart refinery west of the capital and Port Kaiser in 2016.
According to a June study by the Center for Strategic & International Studies, China's presence at Kingston posed the biggest security threat for the United States of all Beijing port projects in Latin America & the Caribbean.
On a visit to Kingston in March, U.S. Secretary of State Marco Rubio, described China's strategy as being characterised by "predatory practices", using government-subsidised companies to "underbid everybody" and acquire assets.
A State Department spokesperson responded to Rubio's remarks by saying that the presence of untrusted equipment in critical infrastructure around the world, such as ports, increased the risk for U.S. security.
Jamaica's Ministry of Foreign Affairs and Foreign Trade spokesperson said that it was unaware of any U.S. communication about the reduction in China's influence on the Caribbean nation's maritime trade.
During the first Trump administration, there was some resistance to Chinese investment in the area.
Bruce Golding, former Jamaican prime minister who brought Chinese investment to the Caribbean nation, said: "I expect that the U.S. will increase pressure on us to reduce our engagement with China."
COSCO, on the other hand, has invested with local partners at the ports in Los Angeles and Long Beach, the United States. The White House has not responded to a question about COSCO's U.S. investment.
A senior executive at the Chinese operator of Darwin Port said that the U.S. firm Cerberus in Australia, founded by U.S. deputy secretary of defense Stephen Feinberg has expressed interest in purchasing the lease.
Anthony Albanese, the Australian Prime Minister, has promised to return the strategic port in the north to Australian ownership. He also reiterated this position during his July visit to China.
Albanese's Office referred to Albanese’s previous comments.
A U.S. official of defense, when asked to comment on the matter, said that Feinberg had not participated in any discussions or made any decisions about any acquisitions in which his former company might be interested.
Since the end of the term of President Joe Biden, Democratic and Republican legislators have scrutinized China's ownership of its ports. A U.S. Port official who is familiar with the issue confirmed this.
Carlos Gimenez said in February that the United States cannot and will not stand by as Communist China undermines our interests at ports.
(source: Reuters)