US Ports To Be Managed by Arab Firm
Originally published 20 February 2006. Update 17 March 2006.
In February 2006, the Bush Administration approved the purchase of a UK-based firm, which operates at least five US port facilities, by a United Arab Emirates purchaser. The decision proved politically controversial.
This is an overview of the port facilities identified in news reports; the material is almost exclusively from the P&O website.
Media appear to be underreporting the scale of the $6.8 billion deal, because they focused on contianer ports, not all facilities under P&O management.
The Department of Homeland Security has identified a different sub-set of P&O operations as being the relevant port facilities. They added Houston and Norfolk; they removed New York.
DP World has announced it will "transfer" US operations to a domestic firm.
Baltimore
A six-year contract to manage two facilities began in 2001 - one of the largest operations in the company portfolio
The Port of Baltimore is located in the heart of the fourth largest marketplace in the nation ; it is one of only two Eastern U.S. ports where the main shipping channel reaches a depth of 50 feet.
It serves more than 70 ocean carriers whose vessels make nearly 2,300 annual port visits; second largest automobile importer in the nation; the 13th largest container port in the country.
Miami - P&O shareholding 50% with Eller & Company.
Serves 30 ocean carriers; more than 500,000 TEU?s annually after completion of upgrades.
Port of Miami is 518 acres with seven passenger terminals and 3.22 miles of track. Serves more than two dozen steamship lines and eight cruise lines.
P&O joint-venture partner Eller & Company has filed a $10million lawsuit in protest against becoming an "involuntary partner" with state-owned Dubai Ports World.
P&O reported 2004 volume: 301,606 TEU (equity adjusted)
Note: TEU means "Twenty-Foot Equivalent Unit;" containers are counted in 20-foot lengths.
Next: New Orleans, New York and Philadelphia
In February 2006, the Bush Administration approved the purchase of a UK-based firm, which operates at least five US port facilities, by a United Arab Emirates purchaser. The decision proved politically controversial.
This is an overview of the port facilities identified in news reports; the material is almost exclusively from the P&O website.
Media appear to be underreporting the scale of the $6.8 billion deal, because they focused on contianer ports, not all facilities under P&O management.
The Department of Homeland Security has identified a different sub-set of P&O operations as being the relevant port facilities. They added Houston and Norfolk; they removed New York.
DP World has announced it will "transfer" US operations to a domestic firm.
Baltimore
A six-year contract to manage two facilities began in 2001 - one of the largest operations in the company portfolio
The Port of Baltimore is located in the heart of the fourth largest marketplace in the nation ; it is one of only two Eastern U.S. ports where the main shipping channel reaches a depth of 50 feet.
It serves more than 70 ocean carriers whose vessels make nearly 2,300 annual port visits; second largest automobile importer in the nation; the 13th largest container port in the country.
- Seagirt Marine Terminal
The Port's largest pure container facility, a 275-acre (112 ha) container terminal; currently handles 425,000 TEU's a year.
- Dundalk Marine Terminal
Has 13 berths, 10 container and two gantry cranes and direct rail access, the 570-acre (230 ha) terminal is the Port of Baltimore's largest and most versatile general cargo facility. - Automobile Operation
Provides RoRo stevedoring services in a number of Baltimore terminals including the Fairfield Marine Terminals (Masonville, Chesapeake, and Atlantic). - North Locust Point Marine Terminal
Contains 25 acres of outside space.
Miami - P&O shareholding 50% with Eller & Company.
Serves 30 ocean carriers; more than 500,000 TEU?s annually after completion of upgrades.
Port of Miami is 518 acres with seven passenger terminals and 3.22 miles of track. Serves more than two dozen steamship lines and eight cruise lines.
P&O joint-venture partner Eller & Company has filed a $10million lawsuit in protest against becoming an "involuntary partner" with state-owned Dubai Ports World.
P&O reported 2004 volume: 301,606 TEU (equity adjusted)
Note: TEU means "Twenty-Foot Equivalent Unit;" containers are counted in 20-foot lengths.
Next: New Orleans, New York and Philadelphia
