Japan: Japan’s Port Improvement Plans Should Benefit U.S. Bulk Exports

The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) has begun implementation of the International Strategic Bulk Port Project, designed to improve strategically important port facilities in order to reduce ocean transportation costs. As of March 2015, work has begun at only one of the five grain ports targeted for expansion. While the target date for the project’s completion remains uncertain,
Post predicts that even a partial implementation could reduce freight costs to the benefit of U.S. bulk grain and oilseed exports.

Japan: Japan’s Port Improvement Plans Should Benefit U.S. Bulk Exports