The bidding war between PSA and DPW for P&O's operations was quite the visible affair, and well known in the circle of companies who do shipping as their business.
I figure as a matter of business, P&O didn't want to "part out" its operations, and PSA and DPW didn't want to buy out a "part" of the business. P&O as a company NO LONGER EXISTS.
So yes, the picture is completely different on a parting out basis - cheaper to buy a wheel than to buy the whole car.
I have a bad feeling about Eller - if you've been reading my posts, you know why. I am not sure if they have the wherewithal to buy all of the US interests in what was P&O's portfolio, but that's just because I don't know the size of Eller. I suspect there are other companies, perhaps bigger ones, also poised to take a whack at this. DPW will hold out for the highest price. SSA is another company name I picture having an interest.
Id also like to know why Schumer, given his position, was not aware of this deal prior to being confronted about it?
I don't believe Schumer operates from a position of not knowing what's behind the scenes.
At any rate, the resale, if you will, of US interests of what was P&O will probably be a complicated affair of its own right.
Thank you. I'll continue to read, listen and learn from these threads as more develops!
I feel certain they don't. They're only in one port, aren't they? Miami? And now Congress is going to *force* an underqualified company of some kind to buy something they didn't need or want? That stinks.
Now, watch and see if the former P&O North American operations are "parted out" yet again, in even smaller parcels. Just for this one union company. Bah.