Another piece of related news...:
SSA devising terminal strategy
SSA MARINE, named by many as a potential suitor for Dubai Ports World's US holdings, has retained Citigroup to "explore its strategic alternatives." The Seattle-based terminal operator said it has received enquiries from many companies looking to partner with, or invest in SSA Marine, as well as to acquire additional operations." In a statement issued on Friday, company spokesman Bob Watters said: "none of the alternatives we are exploring would involve selling control of our US operations to a company owned by a foreign government." SSA's announcement follows DPW's move to retain bankers and lawyers to begin the expedited sale of the US terminal and stevedoring contracts bought in the larger global sale from P&O Ports. SSA has contracts on the US East, Gulf and Pacific coasts as well as well as in Mexico, Panama and Chile.
Lloyd's Register - Fairplay web links
03-20-2006, 11:18 AM
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