U.K. government committee to investigate ports
Following a rash of sales of British shipping-related companies, the United Kingdom’s House of Parliament Transport Committee has decided to start an inquiry into the U.K. ports market.
The committee said it will review ownership, capacity, environmental, and safety issues for Britain’s ports that were raised in the “Future of Transport” white paper, published in May.
Recent sales of British controlled ports and shipping interests to foreign companies include P&O Ports, PD Ports, P&O Nedlloyd, CP Ships and Inchape Shipping Services. The U.K.’s largest port group, Associated British Ports Holdings is subject to a '2.79 billion ($5.13 billion) takeover offer from a consortium led by Goldman Sachs.
Interested parties are invited to submit memoranda to the committee before Oct. 19 to transcom@parliament.uk.
U.K. government committee to investigate ports
