Carl Levin is worse than useless, have disliked this fool for about 40 years.
At any rate, did we really want a China-Singapore alliance to gain a monopoly over the world's terminals?
P& O was nearly bought by the Chinese-Singapore alliance and the British were concerned about that.
P&O sale threatens foreign monopoly over UK ports Singapore-China alliance stands to gain 90% control · Shipping group expects fresh £3.5bn bid this week
Terry Macalister Wednesday January 25, 2006 The Guardian
Concern was growing last night over the sale of P&O, amid claims that a possible takeover by Singapore's state-owned ports business would hand it and its Chinese allies an effective monopoly over Britain's container ports.The Chinese already run many of our US terminals (especially in California) and, under the Clinton administration, China Overseas Shipping (COSCO) was lent hundreds of millions of dollars to begin shipbuilding in Mobile, Alabama..Martin O'Neil, former chairman of the trade and industry select committee, said yesterday that he was concerned that the Singaporean group, PSA, and its strategic partners could gain control of more than 90% of Britain's deep-sea container docks. "It would be interesting to get a government view of this and to find out whether the government is aware of this situation and whether it merits further examination," said Mr O'Neil.
The Clinton Administration has allowed COSCO's ships access to our most sensitive ports with one day's notice rather than the usual four, and it has given COSCO a $138,000,000 loan guarantee to build ships in Alabama. he Administration has made all of these concessions since the coffee with Mr. Wang.