Incorrect...there is no transfer of title involved regarding the ports.
In all cases (6 ports), what is being transfered are lease agreements and infrastructure developement (cranes, container lifts, dollies, mules...)
In all cases the cargo handling capacity is a fraction of all of the terminals in the port.
What's being 'transferred' is the legal rights to operate and control all the shipping terminals at six of our eastern seaports.
I stated in a post yesterday that the UAE's newly acquired company, P & O, will soon be hiring new personnel, dock workers and company security workers from subsidaries and sub-contractors. This is how these big maritime operations work.
I read today on FR that they have already begun that process. These type of ports have many foreignors working for them, hired without government background checks. The maritime companies themselves do the background checks, nice huh? In the maritime/shipping industry these ports are called "landlord" ports, I believe Newark is one of them.
I'm not believing any of the spin coming the WH on this thing. This is a national security risk being taken in the name of purchasing an 'ally'.
Tampa has been added so it's 7.
Tampa Port Authority to Sign Contract with Dubai Ports World