Posted on 06/15/2017 10:25:07 AM PDT by wtd
UAE Embassy: Gulftainer signs $100 million agreement with Port Canaveral
UAE-based cargo company Gulftainer signed a 35-year, $100 million agreement to support a new container and cargo terminal at Florida’s Port Canaveral.
A Middle Eastern-owned company landed its first North American port operations contract on Monday, a 35-year agreement with Port Canaveral on Florida's east coast.
Under terms of the lease, Gulftainer, a wholly-owned subsidiary of United Arab Emirates-based Crescent Enterprises, will invest up to $100 million in equipment and employees to operate a container and cargo terminal under construction at Port Canaveral, just south of Cape Canaveral Air Force Station and Kennedy Space Center.
"Our intent is to reach up into that southeast manufacturing belt and into the traditional heartland markets for distribution and logistics,” Port Canaveral Chief Executive John Walsh said at a signing ceremony.
“We’re well-positioned to reach well in through the Caribbean Islands, Latin America, South America, over to Africa, and pick up the global trade routes to northern Europe, into the Middle East and Asia,” Walsh said.
Port directors considered several international operators before selecting Gulftainer for the contract, which was not competitively bid.
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