TITLE

Still for Sale

AUTHOR(S)
Leach, Peter T.
PUB. DATE
May 2006
SOURCE
Traffic World;5/22/2006, Vol. 270 Issue 21, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the plan to sell five P&O Port-run terminals and stevedoring operations at more than a dozen other ports is moving slowly in the United States. The offering price of P&O Port's U.S. operations is $500 million. The activities of the company in the Americas earned profits on ordinary activities of $29.6 million in 2004, or about 10 percent of worldwide profits of $281.5 million. The negotiations for the sale will probably take until September 2006.
ACCESSION #
20954638

 

Related Articles

  • DP World set to announce sweepstakes winner.  // Journal of Commerce (1542-3867);12/11/2006, Vol. 7 Issue 50, p8 

    The article reports that P&O Ports has named five bidders in the sale of Dubai-based DP World's U.S. container terminals and stevedoring companies. DP World is selling its U.S. assets to a U.S. company after Congress warned against the perceived potential threat of having an Arab country own...

  • History in Virginia.  // Journal of Commerce (1542-3867);10/21/2002, Vol. 3 Issue 42, p49 

    Provides information on the P&O Ports Virginia Inc. Services offered by the company; Facilities in the Port of Hampton Roads in Virginia with stevedoring services performed by the company; Customers of the company.

  • P&O Ports in global box expansion.  // DPC: Dredging & Port Construction;Sep2000, p4 

    Reports on the expansion of the world container terminal operations of P&O Ports of Australia. Concession contract won by a consortium led by P&O from the Antwerp Port Authority; Significance of the contract; Other contracts won by P&O.

  • The search for an ideal operator. Jr., Bill Hensel // JoC Week;9/4/2001, Vol. 2 Issue 35, p18 

    Reports on the problems encountered by the Port of New Orleans in Louisiana in finding an operator for its Napoleon Avenue container terminal. Port's original choice of Melbourne, Florida-based P&O Ports to operate the terminal; Impasse on the deal's financial terms; Rejection of the deal by...

  • Antwerp Port Expands. Parker, John // Traffic World;7/10/2000, Vol. 263 Issue 2, p31 

    Reports that the Antwerp Port Authority has granted a consortium led by the company Pamp;O Ports a concession to build a third container terminal at Antwerp, Belgium. Members of the consortium; Money likely to be spent by the consortium to develop the terminal; Schedule for beginning of...

  • When did we become so global? Trunick, Perry A. // Logistics Today;Mar2006, Vol. 47 Issue 3, p38 

    The article discusses a press release stating that the U.S. Surface Deployment and Distribution Command has renewed a contract with Dubai, United Arab Emirates (UAE)-based P&O Ports to handle stevedoring for the 842nd Transportation Battalion. The author claims that the contract makes the...

  • Productivity in Cargo Handling in Spanish Ports During a Period of Regulatory Reforms. Díaz-Hernández, Juan; Martínez-Budría, Eduardo; Jara-Díaz, Sergio // Networks & Spatial Economics;Jun2008, Vol. 8 Issue 2/3, p287 

    The objective of this research is to measure productivity changes in cargo handling operations in Spanish ports. By means of Data Envelopment Analysis and the calculation of the Malmquist indices we have decomposed those changes into efficiency and technical change effects. The study covers a...

  • RADAR SCREEN.  // Journal of Commerce (1542-3867);3/13/2006, Vol. 7 Issue 11, p8 

    Presents news briefs on global transportation, logistics and trade as of March 13, 2006. Controversy over the proposed takeover of P&O Ports' U.S. terminals by DP World; Theme of the book "The Edge of Disaster," by Stephen Flynn.

  • Unfinished business. Leach, Peter T. // Journal of Commerce (1542-3867);5/15/2006, Vol. 7 Issue 20, p18 

    Focuses on the sale of P&O Ports terminal operations at five U.S. terminals and stevedoring operations to Dubai, United Arab Emirates-based DP World. Valuation of the company; Port terminals that expressed interest in bidding for the acquisition; Reaction of the shipping industry to the sale.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics