Thanks for the clarification! I think I understand...so I was right in that POMTCO was a different entity--not part per se of the ports contract...but wrong in that it wasn't among the assets sold by P&O to Dubai PW. Is that correct?
Frankly, CharlesWayne, I found the whole uproar irritating. DPW has no evidence against it--and many of the same people who want us to surrender to terrorist in Iraq, Iran, and set free the jackasses in Gitmo suddenly "find" terrorists rampant throughout DPW. But I digress... :)
I repeat: I think Eller & Co. bears a lot of the blame for the press's and Schumer's fake outrage over all this.
P&O Ports is the container terminal operator and stevedore of choice for many shipping lines and marine consortia.
It is a world leader in cargo handling services and port management throughout Europe, the United States, South America, Asia, Africa and Australasia. It is as at home in the emerging markets as it is in more mature economies. P&O Ports is headquartered in London.
P&O ports is not part of P&Q or DP. P&O is a partner and owns 50% interest in POMTCO. POMTCO leases a terminal to P&Q and P&Q is a subsidary of DPW. The P&Q lease from POMTCO was part of DPW purchase of P&Q. DP has no plans to sell P&Q and P&Q has no plans to sell the leases. Goggle up Ports of Miami Trading Company and you will see P&Q listed as one of their terminal lesses. The article was refering to the terminal leased to P&Q by POMTCO.