[Recovering_Democrat]

Scavone told AP in an interview that his e-mail was intended to reassure officials at the Port of Miami Terminal Operating Co. _ which manages operations there and is half-owned by a DP World subsidiary _ that uncertainty surrounding the Dubai ports deal would not affect its work in Miami.

Sounds to me like the POMTCO was already there and already partially owned by DP--before the P&O purchase.

The Miami port company's other owners are Eller & Company Inc. and Florida Stevedoring Inc.

From what I've read, these are the whiners who brought all this to a head by beotching to Chuck Schumer after getting rebuffed by John Warner. Frankly, I hope Eller & Company--and Florida Stevedoring get a royal probing by all sorts of government agencies...their petulant behaviour created a big furor over nothing.

[ARCADIA]

From what I've read, these are the whiners who brought all this to a head by beotching to Chuck Schumer

I would rather call them whistle blowers. At least now the public is aware that foreign interest have taken over many of our key resources.

[jec41]

Sounds to me like the POMTCO was already there and already partially owned by DP--before the P&O purchase.

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.

[Howlin]

Exactly. And if the UAE doesn't sell, they're screwed. HA!

[CharlesWayneCT]

I've got a bigger post coming. It was not owned by DP World before.