Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

DP World to acquire Canadian container terminal

DP World Limited has agreement to acquire Maher Terminal’s Fairview Container Terminal (Fairview) in Prince Rupert, British Columbia, Canada from Deutsche Bank.

Fairview is a purpose built terminal with a sea-rail link and has a current capacity of 850,000 TEU (twenty-foot equivalent container units), with a just-announced phase two expansion that will take capacity to […]

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State reveals details of Virginia port takeover bids

Virginia International Terminals Inc., the port’s current operator, pledges to increase container volumes by an average of 6.5 percent over the next five years.

The proposals would vie against an unsolicited offer from APM Terminals Inc. that was announced three months ago.

The offer from The Carlyle Group, a Washington-based private-equity firm, involves making […]

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