Following the COVID-19 pandemic, US ports are now asking for $6.5 billion in grants and direct assistance, to manage the challenging situation.
Specifically, Reuters reports that in a letter sent exclusively to the agency, the American Association of Port Authorities said early estimates suggest a 20% annualized reduction in cargo activity at U.S. ports, leading to a loss of $1 billion in revenue.
Consequently, the Authorities are asking for $1 billion in port grants, $1 billion in direct...
https://safety4sea.com/us-ports-ask-for-6-billion-grants-to-manage-covid-19-crisis/