DP World Seeks Return to US Container Operations at Texas Port

DP World is looking to operate a US container port for the first time in two decades.

The Dubai-based port and logistics giant announced Tuesday that it entered into an exclusive negotiation for a long-term lease to operate a terminal at the Port of Corpus Christi in Texas. DP World would design and build the new facility.

If finalized, the move would mark a significant foray into the world’s largest economy for DP World, which exited the US port business in 2006 on security concerns raised by some American lawmakers citing Sept. 11 terrorists’ links to the United Arab Emirates. ...