"No, there's Peninsula & Orient, just as there's Halliburton for oilfield operations, and a bunch of second-rate slackers that don't have the technical ability to perform."
Is that right? Well perhaps you can tell me why, until the merger with DPI they were ranked as number 10 with the hope of becoming 6th or 7th among world port operators in terms of container handling.
http://www.weforum.org/site/homepublic.nsf/Content/Interview+with+Sultan+Ahmed+Bin+Sulayem,+Executive+Chairman,+Ports+Customs+and+Free+Zones+Corporation
"Equally significant was the merger of Dubai Ports and Dubai Ports International to form a single entity – DP World. Dubai Ports International develops and operates about 20 ports around the world, spanning the five continents. Merging it with Dubai Ports will allow PCFC to leverage combined resources to more efficiently serve its customers. PCFC’s goal for the next year is to improve upon our current rank of No. 10 to become the 7th or 6th largest port in the world in terms of container handling volume."
Peninsula and Orient is the top-rated company in their field (and that was what I was referring to in my post--P&O is to port operations what Halliburton is to oilfields). DP World is an also-ran with a big wallet. DP World's only hope for making any money off of this purchase is to leave P&O alone as an independent profit center--if they try to get their hands dirty and run things, they're going to go broke.