From Deseret News archives:

Mideast firm may run 6 U.S. ports

Government won't stop deal with United Arab Emirates company

Published: Saturday, Feb. 11, 2006 11:32 p.m. MST
 |  E-MAIL | PRINT | FONT + - 
WASHINGTON — 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 hijackers with influence over a maritime industry considered vulnerable to terrorism.

The Bush administration considers the United Arab Emirates 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 is expected to be approved Monday. The British company is the fourth largest ports company in the world and its sale would affect commercial U.S. 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 to The Associated Press.

Story continues below
The committee earlier agreed to consider concerns about the deal as 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 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 State Department describes the United Arab Emirates as a vital partner in the fight against terrorism. But the United Arab Emirates, 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 New York and Washington, the FBI concluded.

Sen. Charles Schumer, a Democrat whose district includes the New York port, 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."

Comments

You can be the first to comment on this story.

previousnext

Latest comments

Maybe it is time to adopt the BYU-Idaho and divert the funds used by the...

Talk it up Max -- you are the winner! Send the Utes to the Toilet Bowl! I...

Preventing small plane crashes

The pilots that criticize the "silly" mistake of running out of fuel will...

Ute fans like to take the hate on the road. I was wearing a BYU shirt when a...

Boozer finds confidence

Re: rock I used to think dwill easily beat chris paul as the best point...

Boys basketball rankings

I would not play for any other coach, Coach Brown has all of his players...

The touchdown by wide-should not have been----He did not get in. I was right...

Hall mouths off about hate of Utah

Please refer to any of the news reports that confirm that Jamie Whittingham...

AFTER HIS 15 TURNOVERS LAST YEAR. IT WAS PROBABLY A BYU FAN THAT DUMPED BEER...

Hall mouths off about hate of Utah

Inarticulately angry or inappropriately angry. If some idiot fans did abuse...

Advertisements