Virginia becomes a clean port
NewsThe Port of Virginia has announced that all of its cargo-handling terminals are now using electricity generated from clean resource (renewables).
Two more join the bidding for VIT
The Virginia Port Authority (VPA) has received two more proposals from private companies to operate its marine terminals. Earlier this year VPA received an unsolicited offer from Chicago-based industrial real estate developer CenterPoint Properties Trust to purchase its terminal operating arm Virginia International Terminals (VIT), which triggered a three month period for other offers.
The Carlyle Group and a Carrix/Goldman Sachs consortium made conforming bids, but one week after the deadline passed CenterPoint attempted to modify its proposal by adding Ontario Teacher’s Pension Plan terminal operating company Global Container Terminals (CGT) as an equity partner. This was rejected by the VPA as it was late and potentially unfair to the other bidders.
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This complete item is approximately 250 words in length, and appeared in the August 2009 issue of WorldCargo News, on page 1. To access this issue download the PDF here.
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