Doubts surface on Chicago privatisation

Operator Illinois International Port District is reconsidering whether the Port of Chicago should be privatised, district executive director Clayton Harris III has said.

According to Crain’s Chicago Business, the operator’s board voted in September to revoke a previous request looking for private firm bids to sign a master lease to operate the port facilities in the city in the US state of Illinois.

For six years, Illinois International Port District has been looking for a private operator, with a near-deal with Broe Group in 2013 falling through due to a disagreement on details.

In August, it issued a request for proposals for a master lease, receiving one bid and expression of interest from other parties.

Crain’s Chicago Business claimed that the Port of Chicago is attempting to shake off a mismanagement history lasting decades.

The newspaper also said that the port district has been clearing land and would like to construct new facilities to accommodate North American Stevedoring — more storage space for the organisation means it can offload more cargo from ships and barges, with Mr Harris saying that letting the company grow will result in an increase in volume.

The director said: “We need to know, if we’re going to do this [master lease], why we’re going to do this, and to what point.

“The discussion is ongoing on whether there’s a need for that.”

LATEST PRESS RELEASES

NEW CRANE ENTERS SERVICE AT WARRENPOINT PORT FOLLOWING £3 MILLION INVESTMENT

Warrenpoint Port has commissioned a new crane and has commenced the refurbishment of two other crane... Read more

Bigger share of modal split envisaged for inland shipping in the Baltic Sea Region

A vision for inland waterway transport (IWT) in the Baltic Sea Region as well as means to strengthen... Read more

QTerminals reaches new container and cargo handling milestones in record time

Over two million containers and five million tonnes of cargo handled Read more

Bendezu Port Equipment delivered two GOTTWALD HMK 6407 B from BELGIUM to SPAIN

Bendezu Port Equipment GmbH, an international trading company offering second-hand port equipment, h... Read more

ShibataFenderTeam is a member of PIANC Working Group “Guidelines for the Design of Fender Systems”

ShibataFenderTeam looks forward to the fruitful exchange with all WG members and trusts that the out... Read more

CIRCLE S.p.A.: continues its growth abroad with a new cooperation with Bulgarian Ports Infrastructure Company.

Circle S.p.A. (“Circle”), a Company leading its own Group specialized in process and management cons... Read more

View all