PALM BEACH, Florida - Months after the Freeport Container Port (FCP) projected multi-million-dollar investments based around it being the largest regional harbor, Florida has announced $77 million in dredging set to make the state the leading trans-shipment point in the area.
The plan is set to complicate what up until March had been pretty secure expansion plans for the Grand Bahama company. Florida Governor Rick Scott said the dredging of the Port of Miami will make it the hub for trade for the East Coast, if not for the country.
“We are clearly going to be the shipping capital,” he said at the Palm Beach Strategic Forum on Monday. “International trade is a ...

Click here to read more at The Nassau Guardian