Anon, it might be old news but Gulftainer is buying the Port of Wilmington for the next 50 years. in April 2018, Representative Hunter called for the required CFIS review. Saying: “’Several news reports indicate a family connection between the officers of the company and Dr. Jafar Dhia Jafar, a top Iraqi nuclear scientist during Saddam Hussein’s regime,’ Hunter said in his letter,” American Shipper disclosed. “Given the Port of Wilmington’s proximity to several military installations, and its strategic location on the Delaware River, foreign control of such an important asset deserves a full review.” However, I have yet to find out if this was accomplished.
Representative Duncan Hunter to Trump Gulftainer Port of Wilmington Deal Requires CFIUS National Security Review
https://www.centerforsecuritypolicy.org/2018/04/17/representative-duncan-hunter-to-trump-gulftainer-port-of-wilmington-deal-requires-cfius-national-security-review/
See also: Apr 7 2018 - America Loses Port Of Wilmington to Foreign Transnational Corporation
https://whiskeytangotexas.com/2018/04/07/port-of-wilmington/
The Foreign, Transnational Company says it is planning to invest $580m in the Port of Wilmington over next nine years
Terms of the agreement are to be formally approved by Diamond State Port Corporation Board and the Delaware General Assembly within the next month, a statement said.
It added that the new agreement provides Gulftainer access to one of the most strategically located marine ports in the US.
Over the next nine years, Gulftainer is planning to invest $580 million in the port, including approximately $410 million for a new 1.2 million TEU container facility at DuPont’s former Edgemoor site, which was acquired by the Diamond State Port Corporation in 2016. During this period, the company will fully develop all the cargo terminals capabilities and enhance the overall productivity of the port.
GT USA’s concession includes the full management and development of the port’s existing container volumes of 350,000 TEUs per year, which is forecast to more than double in the years to come as a consequence of this deal.
Wilmington Port, which started operations in 1923 as the first major port on the Delaware River, is the top North American port for imports of fresh fruit into the US, and has the largest dockside cold storage facility in the country, state news agency WAM reported on Saturday.
America is seems is still for sale to the highest bidder - no matter what the unforeseen consequences.