Thursday, February 23, 2006

P&O in 24 U.S. Ports

According to the official Peninsular and Oriental Steam Navigation Co. Internet site there are many more US ports involved in their takeover by Dubai Ports World than the six ports being publicized.

Actually, the DP World, through their wholly-owned subsidiary "Thunder FZE" in taking over P&O would be acquiring internationally 29 container terminal operations, with logistics operations in over 100 ports in 19 countries. The P&O web site:,207172&_dad=pogprtl&_schema=POGPRTL

This site shows that what they call "container terminals" are located in 8 major ports in the US including the NY Passenger Terminal. Houston was conveniently omitted from the much-publicized six ports list. P&O has "stevedore" operations in other US ports and in all they will either run operations or have a large presence in 24 US ports, plus a container terminal in Vancouver, Canada.

The access to our US ports by an Arab country is much more extensive than is being reported or discussed.

Add to that the fact that the administration will not require DP World to keep copies of business records on US soil, where they would be subject to court orders. Nor must they have a designated American citizen to accommodate US government requests. Legal experts say such obligations are routinely attached to US approvals of foreign sales in other industries.

There is something more going on here than the sale we know about. What is the real deal with the United Arab Emirates?

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