OOIL cautions shareholders about terminal sale
OOCL parent company Orient Overseas (International) Ltd. today issued a statement distancing itself from news reports suggesting that it has short-listed potential buyers of its North American terminal assets.
Reports suggest that the Hong Kong-based company expects “between $1.1 billion and $1.3 billion” for its Deltaport and Vanterm terminals in the Canadian Port of Vancouver, New York Container Terminal on Staten Island and Global Terminal in New Jersey.
“The company has not authorized statements made in the articles by the press regarding the potential disposal of its terminals division,” OOIL said. “The company wishes to make clear that, at this stage, there is no certainty that a potential disposal of the terminals division will take place.”
OOIL cautions shareholders about terminal sale
