DP World Seeks 20-Year U.S. Return With Corpus Christi Terminal Lease
Updated
Updated · Bloomberg · Jun 17
DP World Seeks 20-Year U.S. Return With Corpus Christi Terminal Lease
3 articles · Updated · Bloomberg · Jun 17
Summary
DP World said Tuesday it has entered exclusive talks for a long-term lease to operate a new container terminal at the Port of Corpus Christi in Texas.
The Dubai-based ports and logistics group would design and build the facility, making the project a greenfield U.S. terminal push rather than a takeover of an existing operation.
A deal would mark DP World's first effort to operate a U.S. container port in two decades, extending its footprint in a strategically important Gulf Coast gateway.