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Aerial outline of Pando. (Lance Oditt/Friends of Pando) RICHARD ELTON WALTON, THE CONVERSATION24 NOVEMBER 2021 In the Wasatch Mountains of the western US on the slopes above a spring-fed lake, there dwells a single giant organism that provides an entire ecosystem on which plants and animals have relied for thousands of years. Found in my home state of Utah, "Pando" is a 106-acre stand of quaking aspen clones. Although it looks like a woodland of individual trees with striking white bark and small leaves that flutter in the slightest breeze, Pando (Latin for "I spread") is actually 47,000 genetically identical...

DUBAI — DP World, which has just weathered a storm over its aborted takeover of six US ports following a $6.8 billion acquisition of P&O global operations, is facing unexpected yet snowballing opposition from India on fears that the Dubai-based company will have a monopoly of the subcontinent's container terminal operations. With the acquisition of P&O assets, DP World has under its control India's three major container terminals: Nhava Sheva, Mumbai; Chennai Container Terminal, Chennai; and Mundra International Container Terminal, Gujarat; apart from a share in the Vishaka Container Terminal at Vishakapatnam and the new container terminal in Vallarpadam, Kerala...

Concerns over port security may be sky high, but the chief of security for the East Coast's main port operator, Peninsular & Oriental Steam Navigation Co., hardly knew it when he sat before a Senate Commerce panel on Tuesday. More than a dozen senators grilled U.S. government officials, and the chief operator officer of Dubai Ports World, which is on the verge of acquiring P&O and all its world-wide port operations. But no senator had a single question for Robert Scavone, the man who oversees P&O's security for North America -- and will do the same for DP World. Scavone...

The U.S. Public Port Industry The American Association of Port Authorities (AAPA) represents more than 80 public authorities in the United States. These state, county and city government agencies own and develop seaport facilities to handle both domestic and international maritime commerce being imported to or exported from the United States. U.S. ports and waterways handle more than 2.5 billion tons of trade annually. The majority of our nation’s overseas cargo flows through AAPA member ports’ facilities. While some public ports operate their own cargo terminals, many serve as “landlord” ports, leasing portions of their facilities to private terminal operating...

P&O agrees to $6.4 bln bid by Singapore's PSA LONDON/DUBAI (Reuters) - UK ports and ferries group P&O has agreed to a $6.4 billion takeover bid from Singapore's PSA International, which would create the world's largest ports company, the British company said on Thursday. P&O's board said it had recommended the 470 pence-per-share cash offer by PSA, throwing out a previously-agreed bid by Gulf state-backed Dubai Ports World. Analysts and investors expect Dubai Ports to fight back to try to win control of the owner of container ports at Tilbury near London, New York and Vancouver among others. The widely...

NEW YORK -(Dow Jones)- The chief operating officer of Dubai Ports World ( DPW.YY) said Wednesday the company has no intention of breaking up its acquisition of the U.K.'s Peninsular & Oriental Steam Navigation Co (PO.LN) in order to quell a growing political controversy over control of six major U.S. ports. "We intend to keep this (P&O) portfolio together because it matches us strategically," Ted Bilkey, COO of DP World, said in an interview on CNN. DP World, which is owned by the United Arab Emirate of Dubai, is set to take over P&O in a $6.8 billion acquisition. A...

NEW YORK (Reuters) - British firm P&O (PO.L: Quote, Profile, Research) may have to retain management of six major ports in the United States even though it is on the verge of being taken over by Dubai Ports World, a U.S. congressman said on Tuesday. Republican Rep. Peter King is one of a growing number of American legislators who oppose allowing state-controlled Dubai Ports World of the United Arab Emirates to manage American ports, citing security concerns. He plans to introduce legislation halting the deal next week. "I think for the short-term the British company would probably have to stay...

13 Febuary 2006 DP World to acquire P&O We are delighted to announce that the shareholders of P&O have approved the sale of shares to DP World. At an EGM held in London this afternoon, the shareholders voted over 99% in favour of the DP World acquisition. This means that the process of transferring ownership can now begin, and we expect for this to be confirmed by the court on 2nd March 2006.