< Continued from page 2
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.
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.
This is part three of 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.
Philadelphia
P&O Ports North America, Inc. is a 50% joint venture partner in Delaware River Stevedores (DRS), which provides stevedoring and terminal services in Philadelphia, PA, Camden, NJ, and Wilmington, DE)
Port of Philadelphia and Camden is one of the busiest ports on the Atlantic Coast, serving more than 3,000 ships annually; Philadelphia has more than 21 million feet of refrigerated and temperature controlled storage.
Tioga Marine Terminal is a 96.5 acre facility with more than 500,000 sq. ft. of covered shed space and 250,000 sq. ft. of refrigerated space.
The Philadelphia Cruise Terminal, a 44,000 sq. ft. facility, is located at the former Philadelphia Navy Yard, equi-distant (5 miles) from center city Philadelphia and Philadelphia International Airport.
Camden, New Jersey's Beckett Street Terminal is ranked number one in the country for plywood, handling more than 400,000 imported tons/year.
Del Monte Fruit Terminal has 185,000 sq.
ft. of refrigerated storage space; annually, about 600,000 tons of cargo is discharged from 65 vessels.
The Port of Wilmington, at the mouth of the Delaware River, is 65 miles from the Atlantic Ocean and handles 5 million tons annually.
P&O reported 2004 volume - none
Note: TEU means "Twenty-Foot Equivalent Unit;" containers are counted in 20-foot lengths.
A page on the P&O website suggests its reach in US ports is larger than that shown by the US media.
However, information from P&O suggests far more ports are affected. P&O claims to be (emphasis added) "the largest independent stevedore and terminal operator on the US East and Gulf coasts with operations in most ports from Maine to Texas."
For example, P&O Ports North America manages seven facilities in Texas: Beaumont, Corpus Christi, Freeport, Galveston, Houston City Docks and Houston Barbours Cut Terminal, and Port Arthur. No news reports have mentioned Texas ports being part of the deal, perhaps because P&O only lists five locations on its global container operations website.
Information from the P&O website suggests, for example, that "Philadelphia" is much larger than the city: P&O Ports North America, Inc. is a 50% joint venture partner in Delaware River Stevedores (DRS), which provides stevedoring and terminal services in Philadelphia, PA, Camden, NJ, and Wilmington, DE.
Also, P&O manages the NY City Passenger Ship Terminal, which is five minutes from Times Square.
Page 1: Baltimore and Miami
Page 2: New Orleans and New York/New Jersey
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.
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.
This is part three of 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.
Philadelphia
P&O Ports North America, Inc. is a 50% joint venture partner in Delaware River Stevedores (DRS), which provides stevedoring and terminal services in Philadelphia, PA, Camden, NJ, and Wilmington, DE)
Port of Philadelphia and Camden is one of the busiest ports on the Atlantic Coast, serving more than 3,000 ships annually; Philadelphia has more than 21 million feet of refrigerated and temperature controlled storage.
Tioga Marine Terminal is a 96.5 acre facility with more than 500,000 sq. ft. of covered shed space and 250,000 sq. ft. of refrigerated space.
The Philadelphia Cruise Terminal, a 44,000 sq. ft. facility, is located at the former Philadelphia Navy Yard, equi-distant (5 miles) from center city Philadelphia and Philadelphia International Airport.
Camden, New Jersey's Beckett Street Terminal is ranked number one in the country for plywood, handling more than 400,000 imported tons/year.
Del Monte Fruit Terminal has 185,000 sq.
ft. of refrigerated storage space; annually, about 600,000 tons of cargo is discharged from 65 vessels.
The Port of Wilmington, at the mouth of the Delaware River, is 65 miles from the Atlantic Ocean and handles 5 million tons annually.
P&O reported 2004 volume - none
Note: TEU means "Twenty-Foot Equivalent Unit;" containers are counted in 20-foot lengths.
A page on the P&O website suggests its reach in US ports is larger than that shown by the US media.
However, information from P&O suggests far more ports are affected. P&O claims to be (emphasis added) "the largest independent stevedore and terminal operator on the US East and Gulf coasts with operations in most ports from Maine to Texas."
For example, P&O Ports North America manages seven facilities in Texas: Beaumont, Corpus Christi, Freeport, Galveston, Houston City Docks and Houston Barbours Cut Terminal, and Port Arthur. No news reports have mentioned Texas ports being part of the deal, perhaps because P&O only lists five locations on its global container operations website.
Information from the P&O website suggests, for example, that "Philadelphia" is much larger than the city: P&O Ports North America, Inc. is a 50% joint venture partner in Delaware River Stevedores (DRS), which provides stevedoring and terminal services in Philadelphia, PA, Camden, NJ, and Wilmington, DE.
Also, P&O manages the NY City Passenger Ship Terminal, which is five minutes from Times Square.
Page 1: Baltimore and Miami
Page 2: New Orleans and New York/New Jersey
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