Carlyle Group Poised to Take Over U.S. Port Operations

Now we are looking at the Carlyle taking over the VAST majority of U.S. Port Operations


Carlyle Group, Macquarie Bank and Babcock & Brown plan to make bids of at least US$2 billion for SSA Marine, the largest US-owned port terminal operator, said four people familiar with the matter.

If you want to be exposed to the demand in trade, then it's ports you want to be in.
Glenford Tan, a shipping analyst at CIMB-GK Research

SSA Marine, owner of ports operations in California, South Carolina and Mexico, said on March 20 that it would consider a possible sale.

Final bids for the closely held, Seattle-based company are due in late July, said the people, who declined to be identified as the information is confidential... http://216.239.51.104/search?q=cache:avkGD07_EYAJ:business-times.asia1.com.sg/sub/shippingtimes/story/0,4574,197440,00.html+ssa+marine+carlyle&hl=en&gl=ae&ct=clnk&cd=5&client=firefox-a


And from today's Gulf News:

Among the companies expressing interest in buying the US port facilities are port operators, private equity funds, infrastructure funds, shipping companies and logistics firms, the Reuters source said.

Earlier this year, SSA Marine... http://gulfnews.com/business/Shipping/10045926.html

SSA Marine was basically acquired by the the Carlyle group to complete this transaction and consolidate their port holding into one company.

Because the Carlyle Group is a private equity firm, the funds for this could come from anywhere. i.e. the Saudis, the bin Ladins, whoever!!!

Thought DUers would like to know...

the usual - our tax money.

Initially I guessed Halliburton. But I was wrong by half.

We might have been a little.... hasty.

:rofl:

:kick:

was a staff flunky under Jimmy CARTER. And the new wrinkle for me is having read ZINN now, and his chapter on CARTER is pretty damning about his economic philosophy as being "the system is loaded for the rich and that's how things are."

An old wrinkle is that CARTER had quite significant vipers in his nest: Tweety. And Pat CADDELL, whose ONLY success was CARTER's first victory. CADDELL has sunk every other campaign ever since, including the New Coke, and has been bitterly attacking Dems on the grounds that he is holier-than-everybody-else. Tweety is well known here.

As for RUBENSTEIN, he has been vacationing with Poppy and Barsil for years, besides giving trainloads of loot to the B.F.E.E. hangers on through Carlyle. The one good thing is how Carlyle briefly gave Shrub a job for a short time, and they asked him to go his own way because he was lackadaisical about attendance and only told filty jokes while he was there. I don't have time to look up the link again. Google "David RUBENSTEIN" or somesuch.

bhn