Skip to main content

WORST PORT FOR CLEARING PERISHABLE COMMODITIES ..






Report: McAuliffe says APM Terminals wants to sell facility







McAuliffe: APM
wants out of lease with Port Authority










RELATED
Port Authority's fired ex-chairman ready to reclaim post


- Apr. 18











By Robert McCabe
The Virginian-Pilot
© April 18, 2014








Two weeks ago, Virginia Governor Terry McAuliffe told the Hampton Roads Chamber of Commerce that the Virginia Port Authority's 20-year lease of APM Terminals' Portsmouth container facility was one of the worst lease deals he had ever seen.






On Thursday, after naming five new Port Authority board members, he told The Pilot that APM wants to sell its terminal to the authority and that talks on a potential deal are about to get under way.






Eric Sisco, president of APM Terminals North America, declined to discuss the issue late Thursday.

"We don't comment on matters such as this involving our facilities," he said.



McAuliffe, however, did.


"Listen, they want out of it,"
he said.



"They actually came to us recently and wanted us to buy it back from them. I don't want to get into the number, but the number was ridiculous, not even in the ballpark."




Asked if APM asked for a price of more than $600 million, McAuliffe said yes.



"It was so unreasonable and unacceptable, we rejected it immediately," he said.



"I guess you shoot high and hope for it," he said. "They're not going to get anything like that out of this governor, I can promise you that."



Nevertheless, he said he has instructed Transportation Secretary Aubrey Layne to begin negotiations.



"Listen, it's got to make sense for us," he said. "I'd like it to make sense for them. I mean, we got to get to a place - but we're nowhere even close today."






The nearly 4-year-old lease agreement is projected to cost the authority more than $70 million a year by the time the deal ends in 2030 - more than $1 billion total.





The lease payments are gradually increasing at a time when the Port Authority has been struggling to break back into the black after more than five years of operating losses.




Robert McCabe, 757-446-2327, robert.mccabe@pilotonline.com














http://hamptonroads.com/2014/04/mcauliffe-apm-wants-out-lease-port-authority








Popular posts from this blog

THE MOST SOUGHT AFTER MANGOES IN THE WORLD ....

While "Flavor" is very subjective, and each country that grows mangoes is very nationalistic, these are the mango varieties that are the most sought after around the world because of sweetnesss (Brix) and demand.

The Chaunsa has a Brix rating in the 22 degree level which is unheard of!
Carabao claims to be the sweetest mango in the world and was able to register this in the Guiness book of world records.
Perhaps it is time for a GLOBAL taste test ???





In alphabetical order by Country....










India




Alphonso





Alphonso (mango)
From Wikipedia, the free encyclopedia








Alphonso (हापुस Haapoos in Marathi, હાફુસ in Gujarati, ಆಪೂಸ್ Aapoos in Kannada) is a mango cultivar that is considered by many[who?] to be one of the best in terms of sweetness, richness and flavor. 


It has considerable shelf life of a week after it is ripe making it exportable. 

It is also one of the most expensive kinds of mango and is grown mainly in Kokan region of western India.

 It is in season April through May and the fruit wei…

INDIA 2016 : Mango production in state likely to take a hit this year

TNN | May 22, 2016, 12.32 PM IST






Mangaluru: Vagaries of nature is expected to take a toll on the production of King of Fruits - Mango - in Karnataka this year. A combination of failure of pre-monsoon showers at the flowering and growth stage and spike in temperature in mango growing belt of the state is expected to limit the total production of mango to an estimated 12 lakh tonnes in the current season as against 14 lakh tonnes in the last calendar year.



However, the good news for fruit lovers is that this could see price of mangoes across varieties decrease marginally by 2-3%. This is mainly on account of 'import' of the fruit from other mango-growing states in India, said M Kamalakshi Rajanna, chairperson, Karnataka State Mango Development and Marketing Corporation Ltd.




Karnataka is the third largest mango-growing state in India after Uttar Pradesh and Maharashtra.



Inaugurating a two-day Vasanthotsava organized by Shivarama Karantha Pilikula Nisargadhama and the Corporation at P…

MEET MELANIA TRUMP: The 5'11" supermodel married to Donald Trump

Aly Weisman, INSIDER

Sep. 2, 2015, 3:28 PM 











Chip Somodevilla/Getty Images







While Donald Trump loves to be the center of media attention, his third and current wife, Melania Trump, is a bit more camera shy.










The Slovenian-born model keeps a lower profile than her husband, doing philanthropy work, raising their son, working on a jewelry collection with QVC, and creating a $150-an-ounce caviar moisturizer.




With Trump on the campaign trail, Melania has stoically stood by his side.




But who exactly is Melania and where did she come from? Learn about Trump's other half here ...





Melania Knauss was born April 26, 1970, in Slovenia.




Wikimedia/Getty







The 5'11" brunette began her modeling career at 16, and signed with a modeling agency in Milan at 18.



Chris Hondros/Newsmakers via Getty









She took a break from modeling to get her degree in design and architecture at the University of Ljubljana in Slovenia.








Wikimedia/Getty

Source: MelaniaTrump.com









But after graduating, her modeling career took off and Me…