United Arab Emirates Firm May Oversee 6 U.S. Ports

United Arab Emirates Firm May Oversee 6 U.S. Ports
February 15th, 2006  

Topic: United Arab Emirates Firm May Oversee 6 U.S. Ports

United Arab Emirates Firm May Oversee 6 U.S. Ports
What's up with this? Seems like our corporate government id selling us down the river, bit by bit. Oh, by the way, aren't we in a war against terrorism?


By Ted Bridis
Associated Press
Sunday, February 12, 2006; Page A17
A company in the United Arab Emirates is poised to take over significant operations at six American ports as part of a corporate sale, leaving a country with ties to the Sept. 11, 2001, hijackers with influence over a maritime industry considered vulnerable to terrorism.
The Bush administration considers the UAE an important ally in the fight against terrorism since the suicide hijackings and is not objecting to Dubai Ports World's purchase of London-based Peninsular and Oriental Steam Navigation Co.

The $6.8 billion sale could be approved Monday and would affect commercial port operations in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
DP World said it won approval from a secretive U.S. government panel that considers security risks of foreign companies buying or investing in American industry. The U.S. Committee on Foreign Investment in the United States "thoroughly reviewed the potential transaction and concluded they had no objection," the company said in a statement.
The committee, which could have recommended that President Bush block the purchase, includes representatives from the departments of Treasury, Defense, Justice, Commerce, State and Homeland Security.
The committee action followed concerns expressed by a Miami-based company, Eller & Co., according to Eller's lawyer, Michael Kreitzer. Eller is a business partner with the British shipping giant but was not in the running to buy the ports company.
The State Department describes the UAE as a vital partner in the fight against terrorism. But the UAE, a loose federation of seven emirates on the Saudi peninsula, was an important operational and financial base for the hijackers who carried out the attacks against the World Trade Center and the Pentagon, the FBI concluded.
Sen. Charles E. Schumer (D-N.Y.) urged the administration to consider the sale carefully. "America's busiest ports are vital to our economy and to the international economy, and that is why they remain top terrorist targets," Schumer said. "Just as we would not outsource military operations or law enforcement duties, we should be very careful before we outsource such sensitive homeland security duties."
Shipping experts noted that many of the world's largest port companies are not based in the United States, and they pointed to DP World's strong economic interest in operating ports securely and efficiently.
"It's in Dubai's interest to make sure this runs well," said James Lewis, who worked with the U.S. committee at the State and Commerce departments.
Stephen E. Flynn, who studies maritime security at the New York-based Council on Foreign Relations, said even under foreign control, U.S. ports will continue to be run by unionized American employees. "You're not going to have a bunch of UAE citizens working the docks," Flynn said. "They're longshoremen, vested in high-paying jobs."
February 15th, 2006  
Our ports are already so porous it makes no difference who runs them, less than 10% of all containers are searched and even then a nuclear device on a ship in the port waiting to be off loaded will still do catastrophic damage. This is just part of globalisation... you're all fans of globalisation right? International trade is a good thing, free markets and all that, right? Or is it time for a hypocrtical shift in position now that it is biting the hand that feeds??
February 15th, 2006  
I agree with bulldogg to an extent. It is free trade at it's finest. I also agree that our ports are underinspected. This can't be a big surprise to many people considering how many "American" businesses hold foreign interests at heart.
United Arab Emirates Firm May Oversee 6 U.S. Ports
February 15th, 2006  
Here here Bulldogg, I couldn't agree more! Sounds like somebody wants more government interference in international economics...... How very liberal!
February 17th, 2006  
major liability
They should make installing cheap little 20 cent webcams inside of all cargo crates mandatory, and not allow any ship carrying crates without them into US ports.