[Revel]

Also according the what I heard on FOX news these companies like P&O only lease space at these ports. They do not lease the whole port. I do not know what percentage, but it is only a part of the port.

[djl_sa]

support

[Alberta's Child]

That's right. In the port of New York, for example, P&O Ports is a 50% partner with Maersk in operating one of seven port terminals (five of them container terminals, by my count). So they are operating either 1/14th or 1/10th of the terminals in the port, depending on how you look at it.

[PogySailor]

Most port authorities are state run agencies. They build the infrastructure then lease the space to terminal operators like P&O Ports, DPW and APM. Those operators in turn bid on providing services to the steamship lines. I spent about 15 minutes on the phone the other day with a friend at the Tampa Port Authority getting educated on this.