Dubai Ports World is selling its interest in six U.S. port terminal operations it acquired in a deal for a U.K.-based terminal operator earlier this year.

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In Canada, the port of Prince Rupert is about to announce a deal with an international terminal operator to invest several hundred million Canadian dollars to allow its rudimentary facilities to handle Asian container trade, says the port's chief executive, Don Krusel.

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Rowe Price New Asia Fund, which FORBES rates a "B" in bull markets but a "D" in down markets, likes International Container Terminal Services, a port operator with headquarters in the Philippines and with other holdings in places as far-flung as Poland and Brazil.

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But according to Andrew Wolstenholme, director of capital projects for the airport's operator BAA, and formerly director of construction for Terminal 5, the building being officially opened only represents a fraction of the total work completed.

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Most unprepared of all was chief air-cargo operator HACTL, which was forced to stop processing freight at its spanking new Super Terminal 1.

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On July 1, 2011 seven days after the U.S. action and almost seven months before the EU sanctions against Tidewater went into effect the port operator registered a new company named Faraz Royal Qeshm LLC, and put it in charge of the container terminal.

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