CMA CGM wants in on DP World’s US terminals
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Selon http://www.eyefortransport.com/
CMA CGM wants in on DP World’s US terminals
French shipping giant CMA CGM has formed a consortium led by US-based Morgan Stanley to bid for the US-based assets that DP World acquired in the P&O Ports deal. (11/22/2006)
Earlier this year, DP World ditched its plans to manage the acquired operations at the US ports, following a political storm that inspired two New York and New Jersey senators to push for legislation to prevent foreign government-controlled companies from buying US port operations.
The five US ports are up for grabs, with final bids due in the end of this month.
Other bidders include Seattle-based Stevedoring Services of America (SSA) Marine, and private equity firm Carlyle Group.
After withdrawing from a bidding war with DP World in February over P&O Ports, PSA hasn’t bothered submitting an offer for the ports this time round.
Meanwhile, reports have surfaced of a warrant for the arrest of CMA CGM chairman Jacques Saadé in connection with alleged corruption of port officials in Egypt, and Saadé is likely to be arrested if he sets foot on Egyptian soil. However, it has since been reported that the warrant has been cancelled.
In other news, Orient Overseas International Ltd is reported to be considering selling off its North American terminals (Deltaport and Vanterm in Vancouver, Canada; Long Beach Container Terminal in California; Global Terminal in New York & New Jersey; and Howland Hook on Staten Island, New York).
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Selon http://www.eyefortransport.com/
CMA CGM wants in on DP World’s US terminals
French shipping giant CMA CGM has formed a consortium led by US-based Morgan Stanley to bid for the US-based assets that DP World acquired in the P&O Ports deal. (11/22/2006)
Earlier this year, DP World ditched its plans to manage the acquired operations at the US ports, following a political storm that inspired two New York and New Jersey senators to push for legislation to prevent foreign government-controlled companies from buying US port operations.
The five US ports are up for grabs, with final bids due in the end of this month.
Other bidders include Seattle-based Stevedoring Services of America (SSA) Marine, and private equity firm Carlyle Group.
After withdrawing from a bidding war with DP World in February over P&O Ports, PSA hasn’t bothered submitting an offer for the ports this time round.
Meanwhile, reports have surfaced of a warrant for the arrest of CMA CGM chairman Jacques Saadé in connection with alleged corruption of port officials in Egypt, and Saadé is likely to be arrested if he sets foot on Egyptian soil. However, it has since been reported that the warrant has been cancelled.
In other news, Orient Overseas International Ltd is reported to be considering selling off its North American terminals (Deltaport and Vanterm in Vancouver, Canada; Long Beach Container Terminal in California; Global Terminal in New York & New Jersey; and Howland Hook on Staten Island, New York).
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