P&O doesn't want to be in the "biz" anymore, which is why they're selling. If you took billions out of my pocket, I'd close up shop and tell you to kiss my ass. That leaves us with the Chinese, the Singaporeans, or Joe Taxpayer goes into the shipping business.
"P&O doesn't want to be in the "biz" anymore, which is why they're selling."
If the sale doesn't go through, then, you're saying that they're going to just shut down and retire, lol? Not going to happen. I have no issue with the Singapore operation, which was in a bidding war over P & O up until early this year.
Savage just reiterated something one of his callers said: that P&O quickly extended their contracts at the ports of Beaumont and Corpus Christi, contracts moving military equipment, and now we will have the Dubai company moving our military equipment.