The Greeks have traditionally have been prolific in the international shipping industry; I assume the ChiCom are just underbidding (what they do best) just to get a foothold...
Letting Muslims control/operate gain ANY access to ANY U.S. port is just absurdly dangerous and unnnecessary.
Any talk of a "fix" was facilitated and shrouded by the secrecy we've witnessed recently. WHY??
Too bad no one was reading the business pages. They would have noticed the Chinese and Arabs were in a bidding war for P&O.
Just to be onery, I would like to remind everyone of some history of Muslim shipping. Maybe you have heard that when the US was founded Muslim shippers called Barbary pirates controlled the Mediterranean and extracted tribute from everyone who wanted to pass. thomas Jefferson was not amenable to paying tribute and sent an armada to defeat the Barbary pirates, benefiting all Eurpean shippers, too. These days, such pirates are active off the Horn of Africa and in the Mallaccan strits in Asia. The attack on the US Cole is in that tradition.
I agree, and I've posted before that this deal possibly sends a very demoralizing message to the troops currently fighting in the Middle East. That is another reason why GW's veto talk really disturbs me.
the ChiComs have the west coast ports...the unions have everything in between*~*