Built in the 1960s, the port needs more than $1 billion to replace old docks and remove what it says was earlier botched construction work.

The new law includes provisions aimed at protecting suppliers such as U.S. marine terminal operators, tug boat operators and bunkering companies.

Meng Wanzhou, who was arrested Saturday in Canada, is expected to be extradited to the U.S. to face charges.

Container carrier says “carbon neutral vessels must be commercially viable by 2030” to achieve its goal.

But the industry is much stronger financially than container liner companies, according to the consulting firm AlixPartners