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Source: Daily Kos

Source: Washington Post

From the Virginian-Pilot:
APM Terminals’ nearly 4-year-old lease agreement at Portsmouth, Virginia is projected to cost the Port Authority more than $70 million a year by the time the deal ends in 2030 – more than $1 billion total.Two weeks ago, Gov. Terry McAuliffe told the Hampton Roads Chamber of Commerce that the Virginia Port Authority’s 20-year lease of APM Terminals’ Portsmouth container facility was one of the worst lease deals he had ever seen.
On Thursday, after naming five new Port Authority board members, he told The Pilot that APM wants to sell its terminal to the authority and that talks on a potential deal are about to get under way.
“They actually came to us recently and wanted us to buy it back from them,” said McAuliffe. “I don’t want to get into the number, but the number was ridiculous, not even in the ballpark.”
Asked if APM asked for a price of more than $600 million, McAuliffe said yes.
“It was so unreasonable and unacceptable, we rejected it immediately,” he said.
Nevertheless, he said he has instructed Transportation Secretary Aubrey Layne to begin negotiations.
More at the Virginian-Pilot

Two Seattle Port commissioners Friday toured Port of Tacoma facilities as guests of the Port of Tacoma Commission as the two traditionally rival ports begin efforts to attract new business to both Puget Sound ports.
The two ports have been rivals for decades, stealing each other’s customers from time to time, but seldom generating larger volumes by attracting new traffic from outside the region.
New competition from both Vancouver and Prince Rupert, B.C., in Canada has also caused cargo diversions from Puget Sound ports.
More at the Seattle Times