Dole extends Port of Wilmington lease

05/14/2010 03:07:56 PM
Doug Ohlemeier

Dole Food Co. is re-upping its commitment to the Port of Wilmington.

The Westlake Village, Calif.-based Dole Food Co. has struck a multi-million dollar land and warehouse lease extension with the Diamond State Port Corp. that secures Dole at the port and in the Delaware until 2025, according to a news release.

The port allows Dole to efficiently access major distribution centers from Canadian Maritime provinces to North Carolina and west to the Mississippi River,  Joseph Tesoriero, Dole’s executive vice president and chief financial officer, said in the release.

“We are very pleased to extend our relationship with the Port of Wilmington,” he said in the release. “It will allow Dole to continue growing our regional market share through Wilmington and enjoy Delaware’s superior perishable supply-chain capabilities for the next 15 years.”

The port calls itself the world’s largest banana port, a designation officials say they want to keep for many years.

Dole remains a long term port tenant that has helped position the port as the leading North America port for handling perishables, Alan Levin, director of Delaware Economic Development Office and chairman of the port corporation, said in the release.

Dole in 2009 directed 57 ship-calls to the port and unloaded and loaded thousands of tons of tropical fruit and general cargo, according to the release.

A recent economic report credits Dole with generating more than $45 million in yearly business revenue, creating and sustaining more than 800 jobs and producing more than $3.1 million in yearly regional taxes, according to the release.

Dole over the life of this agreement is expected to contribute more than $675 million in business revenue and $46.5 million in regional taxes, the release said.

Diamond State Port is a Delaware state corporation that manages the port



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