No, POMTCO is owned by P&Q. DP has taken a position to leave P&Q as a subsidiary of DP. DP obtained P&Q by buying its stock. Everyone assumed the takeover would include changing the name of P&Q to DPW and installing DPW management. Instead they have left P&Q intact to run the port terminals. P&Q has been doing business in our ports since the 1600's. DP says that they have no plans to sell P&Q and it remains a subsidiary and they have nothing to do with its operation or management. Congress will now have to attack P&Q to bar them from the port terminals. It appears for the moment DP has out snookered Congress.
P & Q?? You mean P & O?? My point is POMTCO isn't P&O...P&O stands for "Peninsular and Oriental" or somesuch nonesene...POMTCO is "Port of Miami Trading Company..." something that, at least as I READ the article, is a wholly seperate organization.
I have a bigger post coming. The company is P&O, not P&Q. The issue is NOT that P&O remains a subsidiary, I'll explain in the bigger post.