[RegulatorCountry]

What? But, but, but ... there are absolutely no American companies that can do this sort of thing. None whatsoever. I was repeatedly assured of this "fact" by supporters of the DP World deal, so this just can't be true.

[Wasanother]

There's always been American companies that could do the job, they just didn't want the headaches of dealing with the likes of the Longshoremen.

[Unkosified]

Actually, no American company made an offer to the British firm to buy the port contracts.

[TomGuy]

What? But, but, but ... there are absolutely no American companies that can do this sort of thing.

That's what I kept hearing.
And that's why more outsourcing is going to India.
And that's why the border is open.

Another of those jobs American's won't do.

===

Ironic that Eller was slighted, initially, and turned out to be the ones instrumental in bringing the whole DPW/Ports issue to the forefront.

[Republican Red]

Read the Congressional testimony from last week. NO American firms bid because of the tax burdens, union requirements and legal risks involved. This type of business has very low margins and only makes money from economies of scale. There are only a few big name players that have a major portion of the pie.

The smaller players can't compete without their friends in Congress. Chuckie Schumer was lobbied months ago by Eller to go after DP Ports. In fact, I think Schumer accepted mega bucks on Eller's behalf. It has nothing to do with security. It has everything to do with money. Now, what a surprise, Eller is in the running for the managing these ports.

Nice friends to align yourself with.

[World'sGoneInsane]

I'll bump this up. There was/is an American company interested. If they went to court, they appear willing to deal with the unions.

[syriacus]

I have a question: Has Eller ever been "top banana" running a large terminal?

Or has Eller always worked with in collaboration with companies like P&O Ports North America, when running a terminal?

I'll try to find the answer later, if I find time.

[processing please hold]

What? But, but, but ... there are absolutely no American companies that can do this sort of thing.

You took the words right out of my post. If I've heard that one time from the uae supporters, I've heard a thousand.

[CA Conservative]

What? But, but, but ... there are absolutely no American companies that can do this sort of thing. None whatsoever. I was repeatedly assured of this "fact" by supporters of the DP World deal, so this just can't be true.

No, the issue is that no American company had the resources to buy out P&O, or the ones that did have the resources didn't think it was a good deal. If you read carefully, these American companies, especially Eller, are banking on being able to buy these leases at large discounts, now that DPW can't operate the terminals themselves.

Think of this as Congress condemning these leases under international "eminent domain," in order to profit private businesses in their districts... Strangely, most everyone here condemned the Kelo decision, but we have just seen Kelo implemented on the international scale.