NOW I am educated on the topic and I SUPPORT IT!
Ditto. I was opposed on general PR principles--it looks bad--but in my heart, I supported it.
I know well how these types of contracts work and I don't see any inherent risks in having the UAE as the owner of the company on these few specialized locations within the ports named.
If there had been any more appropriate companies to consider, I would've recommended their possible selection, after study.
What bothered me was that the story on DPW kept changing from the first reporting. At first, it was said that they only owned 5-6% of the company that was buying out the British company. No biggie.
Next, I read that it was the govt of the UAE that "only owned" 5-6% of the buyer company, DPW. After that, it came out that it was a joint venture between DPW and Maersk, 50/50. Then, I read that the operating portion of the company was mostly British and American and Norse, I believe--not even any UAE citizens on the board.
Then I heard on MSM that the company is 100% owned by the UAE. However, the same sources were still saying this contract was for all the operations of the ports themselves, lol!
Now, I don't know what to believe about the company, but I am comfortable with the small amount of actual shipping or stevedoring operations within each small portion of each port that DPW will be handling.
So, I've gone from blind opposition to blind support to questioning to supporting.
Heh, but I voted "undecided." *oh, well*