Why two ports in New York cost radically different amounts
Nick BonyhadyTechnology writer
Giridhar Srinivasan likes talking about New York Harbour. Two terminals there, said the co-founder of Infraclear, show how opaque the industry is.
“Maersk paid $US150 million ($236 million) over 30 years,” Mr Srinivasan said. “Deutsche Bank, super sophisticated institution, paid $US715 million.”
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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com
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