Posted on 02/22/2006 10:21:20 AM PST by iPod Shuffle
FACTBOX-Facts about Dubai Ports World
Wed Feb 22, 2006 12:06 PM ET
Feb 22 (Reuters) - Dubai Ports World is at the center of the Washington controversy over whether the firm, owned by the United Arab Emirate of Dubai, should take over managing six major ports in the United States.
Here are five facts about Dubai Ports World.
* Shareholders at Britain's P&O, who had been managing the ports, voted last week in favor of Dubai Port's multibillion dollar bid, giving the firm control over the management of P&O's global operations, including in the U.S. ports of New York and New Jersey, Baltimore, Philadelphia, New Orleans and Miami.
* The deal made Dubai Ports World the world's third-largest ports group.
* Dubai Ports World purchased the global port assets of U.S. freight rail company CSX Corp. (CSX.N: Quote, Profile, Research) in 2005 for $1.15 billion. U.S. Treasury Secretary John Snow is a former chairman of CSX, but left the company a year before the Dubai deal.
* One of DP World's top executives, David Sanborn, was nominated by President George W. Bush in January to become the administrator of the Maritime Administration in the U.S. Department of Transportation. At least one senator plans to hold up Sanborn's confirmation until more questions about the port deal are answered.
* Dubai Ports has international operations in the Dominican Republic, Venezuela, Germany, Romania, Morocco, Saudi Arabia, Djibouti, India, China, Malaysia, South Korea and Australia in addition to the UAE.
BTTT
Thanks for the info. Are you for, or against, the transfer?
Questions
1 How long has this UAE run company been in businsee?
http://www.dpworld.com/subpages.asp?PSID=1&PageID=21
Dubai Ports (which comprises Dubai Ports Authority (DPA) and DP World) has been at the forefront of Dubai's extraordinary transformation into one of the world's leading trade and commerce hubs. DPA is focussed on the home ports at Rashid and Jebel Ali which DPI formed in 1999 (as Dubai Ports International) to export this success internationally. DPI initially applied its expertise to managing ports in the Middle East, India and Europe. Its first project was at Jeddah Islamic Port (in 1999), where it collaborated with its local partner on the management and operation of the South Container Terminal (SCT). In 2003, SCT was the first terminal in the Kingdom of Saudi Arabia to exceed 1 million TEU and volumes in 2004 exceeded 1.3 million TEU. DPI then went on to develop successful operations at the ports of Djibouti (2000), Vizag, India (2002) and Constanta, Romania (2003).
In January 2005 DPI transformed its network with the strategic acquisition of CSX World Terminals (CSX WT), the international terminal business of CSX Corporation, renaming itself DP World to reflect the change. This acquisition gave DPI a strong presence in Asia with major operations in Hong Kong and China as well as operations in Australia, Germany, Dominican Republic and Venezuela. Importantly for the future development and expansion of its network, DPI also acquired CSX WT’s strong project pipeline.
2 What other ports do the run?
http://www.dpworld.com/maincats.asp?CatID=1
Germany - Germersheim
Romania - Constanta
Venezuela - Puerto Cabello
Dominican Republic - Puerto Caucedo
Australia - Adelaide
Hong Kong - CT3
Hong Kong - ACT
China - Tianjin
China - Yantai
Hong Kong - ATL
China - ATL Yantian
India - Cochin
India - Visakhapatnam
Saudi Arabia - Jeddah
Djibouti - Djibouti
China - Shanghai Ji Fa
China - Yantian
That's a hard call. On the one hand, there is good reason to distrust Arabs and Muslims. On the other hand, what kind of message are we sending as a nation if we brand all Arabs as potential terrorists?
Reminds me of the guy who nailed boards over all of his windows but left the back door wide open.
Senor, can you tell us how to get to Los Angeles with our pickup truck load full of "dental equipment"? (hint: It glows in theee darrk)
oh... and with global corporations, the idea that an "American" or "British" company will be more loyal is kind of old fashioned. Their bottom line loyalty is to $$$.
Being American didn't stop Loral from giving technology to the Red Chinese during Clinton's reign.
The opposition to the port deal emanated from the Long Shoremens' union, not a concern for security.
* Dubai Ports World purchased the global port assets of U.S. freight rail company CSX Corp. (CSX.N: Quote, Profile, Research) in 2005 for $1.15 billion. U.S. Treasury Secretary John Snow is a former chairman of CSX, but left the company a year before the Dubai deal.
* One of DP World's top executives, David Sanborn, was nominated by President George W. Bush in January to become the administrator of the Maritime Administration in the U.S. Department of Transportation. At least one senator plans to hold up Sanborn's confirmation until more questions about the port deal are answered.
Probably all just a coincidence.
Well, now I feel a lot better.
"On the other hand, what kind of message are we sending as a nation if we brand all Arabs as potential terrorists?"
That we aren't stupid?
Are the union guys gonna lose their jobs when DPW takes over?
I'm really disappointed at the objections on FR about a sale that does nothing to cause security problems when millions of containers come from port in the Countries listed. The only change will be instead of Britain writing the checks it will be Dubai Ports World. And I can guarantee that Dubai Ports World will cooperate with our security forces, CIA, FBI, Coast Guard, Customs, Local Port Authorities, etc. Perhaps with the financial interest that Dubai will have we will see more careful approach to security by checking shipments from both sides of their foreign ports and the US.
"On the other hand, what kind of message are we sending as a nation if we brand all Arabs as potential terrorists?"
Who cares? We were attacked on 9/11 by Muslims funded and helped by Saudi Arabia and other ME countries (UAE included). The message that we should send to them is that YOU ARE NOT WELCOME IN OUR COUNTRY!
This nicey nicey butt smooching has to stop.
The ports were operated by a British company, which has been bought out by an Arab company. We're not hauling down the Stars and Stripes and replacing it with the crescent-and-star. But I gotta tell you, considering the current British management, I got a real hoot out of the following quote:
Baltimore Mayor Martin O'Malley says, "We want to turn over the Port of Baltimore, the home of the Star Spangled Banner, to the United Arab Emirates? Not so long as I'm mayor and not so long as I have breath in my body."
Betcha the ignoramus is a Democrat.
But I remain concerned for one reason. The company in question is wholly owned by the Emirates government. It's one thing to have foreigners managing our ports. It's another to have a foreign government doing the same. That's what's giving me pause.
If China can run California ports....why not?
"If China can run California ports....why not?"
Sure. Once you make a mistake, keep making it until you're no longer in a position to make it, right?
If we don't trust our federal agencies to examine even ONE foreign company for national security purposes, then we are facing bigger problems than I thought. You think Rumsfeld, Chertoff, and least of all CIA would approve the deal if they thought for one second it could bring another attack?
We were attacked on 9/11 by Muslims funded and helped by Saudi Arabia and other ME countries (UAE included). The message that we should send to them is that YOU ARE NOT WELCOME IN OUR COUNTRY!
I see. So if you have the misfortune to be born in an Arabic country, you are automatically subject to distrust and (in panaxanax's case) unwelcome in the United States? Seems a bit unfair, doesn't it?
Islam is sick. Islam has a cancer. But Islam is also here to stay, unless you plan to wipe out a billion people. It's in everybody's best interest to cure Islam of its disease, to bring it out of the 13th century and into the 21st, and racism is not the way to get there.
So, you think all Arabs are potential terrorists? All Americans are too then.
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