The Diamond State Port Corp., which operates the Port of Wilmington, Del., and Dole Food Co. said they have reached a deal for Dole to continue to use the port for the next 15 years.
The agreement in principle reached by the parties remains subject to negotiation of final documentation and approval by the boards of directors of both Dole and the port corporation. The agreement would also give Dole two options for 10-year extensions of the 15-year term.
Calling Wilmington since 1982, Dole is its largest customer, importing bananas, pineapples, and other tropical and
deciduous fruit. It also exports forest products and general cargo. Dole leases 37.5 acres at the port, and its vessels make approximately 52
vessel calls annually.
“We are pleased that Dole has agreed to stay in Delaware and remain an important part of the Port of Wilmington,” said Alan Levin, chairman of the 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. This is a very competitive industry and our agreement reflects that.” - Chris Dupin