The Diamond State Port Corp., operator of Delaware’s Port of Wilmington, and Dole Foods have reached an agreement in principle by which Dole will continue to use the Port of Wilmington for its cargo for the next 15 years.
The deal remains subject to negotiation of final documentation and approval by the boards of directors of Dole and DSPC. If finalized in accordance with the terms, the agreement would govern Dole’s use of the port and would give Dole two options for 10-year extensions. The agreement also includes commitments by the port for capital improvements to meet Dole’s needs.
“We are pleased that Dole has agreed to stay in Delaware and remain an important part of the Port of Wilmington,” said Alan Levin, Chairperson of the Diamond State Port Corporation. “Dole had other options for its business, but keeping Dole in Wilmington is a priority for the Port and we worked hard to reach terms that would do that.
“Dole is pleased that we will continue to do business in Delaware for many years to come,” said Stuart Jablon, Vice President of Operations for Dole Fresh Fruit. “The agreement in principle that we have reached will enable Dole to remain competitive and position it well for future growth.”
Dole has used the Port of Wilmington since 1982 and is the port’s largest customer. The company imports bananas, pineapple and other tropical and deciduous fruit, and exports forest products and general cargo.