A unit of Danish shipping conglomerate Maersk is proposing to take over operations of the Port of Virginia's cargo terminals as part of a deal that could be worth billions of dollars for the state over the next 48 years.
APM Terminals Inc. President Eric Sisco on Wednesday said his company's unsolicited proposal to buy operating rights for the terminals for the next 48 years is part of an expansion strategy. The proposal was reviewed privately on Tuesday by the Virginia Port Authority board. ... more ...
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