The Hong Kong and Shenzhen ports had a throughput in 2009 of 39.2 million 20-foot equivalent units, the standard measure of container capacity, Hutchison said in the prospectus filed in Singapore. Hutchison’s unit controls more than half the market share at the two ports.
DBS Bank, the large Southeast Asian lender based in Singapore; Deutsche Bank; and Goldman Sachs are the joint bookrunners for the issue. [end excerpt]
Reason behind push for rail Video shows China and Buffett connection along with the winners and the losing taxpayers.
Gov Scott is fighting High Speed Rail push in Florida: Politicians Watching Tapped-out Voters Rise Up In Anger are Getting Nervous (You can help)
Jan 5, 2011Plans for Houston-Galveston passenger rail line fall off track [excerpt] ….."The reasons for that are the economic downturn the last two years has impacted local political subdivisions very dramatically," Goodman said.
The dearth of local and federal money has turned the project from something over the horizon into a more distant goal, he said.
But Goodman says he's not giving up and will continue to lobby for the money. Neither is Galveston Mayor Joe Jaworski, whose city has led the fight for the commuter rail line.
"I'm certainly not letting it go," said Jaworski, who vowed to seek support for the project at the regional, state and federal levels.
The city of Galveston launched the project in earnest in 2007 by financing a $350,000 study by Goodman Corp. that showed the 45-mile commuter rail line was economical, would reduce air pollution, ease traffic congestion and provide an important evacuation route for the hurricane-prone city.
The study envisioned a train traveling at speeds up to 79 mph along the existing right of way, carrying 11,480 passengers daily when completed at an estimated cost of $350 million, a price that has nearly doubled since then. Goodman predicted at the time that construction of the first phase could be completed by 2012….[end excerpt]
ironic, in a way, when American Rice was working out of Galtex, when we saw a ship full of rice in Galveston Harbor, "well, there goes another load of Chinese Ice Cream"
However, I certainly don't welcome Red China running a private port in the United States.
The Kenyan Clown is running this country down to the level of Kenya. Elect a "Barack Hussein Obama", a man who openly admitted to his Kenyan citizenship, and I guess that these are the results that you can expect.
I wonder how this will work ot if we ever go to war with China? I assume we will go to war with them, unless this country wakes up quickly.
Before a flame war breaks out, we should remember that Hutchison Whampoa is the world’s most experienced operator of ports, and that company helped develop many of the modern techniques used to load and unload container ships during the 1970’s and 1980’s in Hong Kong.
The Port of Galveston was created in 1825 by Mexico. It was an important port of entry for immigrants which also influenced its culture and architecture. Houston PBS, channel 8, has done some stories on Galveston in the last couple of years which trace it’s history. I ran across the immigration program rerun just a couple of nights ago. Galveston was one of the major trading ports once they made deepwater access for the ships.
Rush annoyed the crap out of me when he supported turning over the port to the arabs.
So the union thugs now running these ports will be gone?
Asian thugs as replacements?
What would Ron Paul do?
What a lie!
“The capitalists will sell us the rope with which we will hang them.”~Lenin
The sellout of America to Red China continues. I knew that if I wanted to find people who are cheering this latest betrayal it would be on Free Republic.