I agree with NDD that these rights should not be up for foreign ownership. If we can place tariffs on certain foreign goods in the name of national security, we can certainly limit ownership of our critical infrastructure. A major disruption of operations lasting 30 days at the port of Long Beach alone could cost the economy up to $1 trillion.
That being said, after pondering and reading a bit more, I don't think this transaction is the real risk we should be worried about. W/r/t our ports, we should be concerned about two things:
- Terrorist attacks on the infrastructure itself
- Use of the ports to infiltrate enemy personnel or dangerous materials
The USCG is concerned with both, but seems most likely to have an impact on 1. The number of IM containers inspected is only around 2-4%, depending on whose estimates you believe, too low to have much of a dampening effect or increase the odds of interdicting illicit materials or individuals.
In the case of direct attacks on the ports themselves, you would want a private operator to:
- Ensure proper communications with first responders
- Provide those first responders with rapid access to the affected sites
- Limit non-essential traffic in the port facilities
- Ensure the credentials of port employees and the crews of visiting ships (if they are going to disembark)
However, I was able to find several reports indicating incompatible comms as recently as last year, in addition to means of ingress and egress completely inadequate for allowing quick access for large numbers of first responders. At Long Beach, a team from Harvard noted that there was "no credentialing system" in place for port employees, and that 95% of cargo arrives at that port on foreign vessels with crew standards that are even more lax. In addition, small fishing vessels were observed motoring close to larger vessels carrying oil and other hazardous materials.
What if they were carrying explosives???
As I already stated, I am not in favor of foreign ownership, but our ports are a disaster waiting to happen and this red herring just obscures the issue.