Immense interest in P&O Ports US terminals

Company chairman Sultan Ahmad Bin Sulayem noted that these were currently being evaluated and that this would be a very detailed process given that the bids were extremely complicated.

Assets that require disposal are located in New York, New Jersey, Philadelphia, Miami, Baltimore and New Orleans. These are worth an estimated $700m and must be sold on by the end of September. Interested bidders have been identified as port operators, infrastructure funds, shipping companies, logistics firms and private equity. Three US-based terminal operators linked with potential bids are SSA Marine, Maher Terminals Inc and Marine Terminals Corp.