This is f'n unreal:
WASHINGTON // A company in the United Arab Emirates is poised to take over significant operations at six American ports, including Baltimore, as part of a corporate sale, leaving a country with ties to the Sept. 11 hijackers with influence over a maritime industry considered vulnerable to terrorism.
The Bush administration considers the UAE an important ally in the fight against terrorism since the suicide hijackings and is not objecting to Dubai Ports World's purchase of London-based Peninsular and Oriental Steam Navigation Co., which runs Baltimore's public terminals.
The $6.8 billion sale is expected to be approved tomorrow. The British company is the fourth-largest ports company in the world, and its sale would affect commercial U.S. port operations in New York, New Jersey, New Orleans, Miami and Philadelphia as well as in Baltimore.
The company's P&O Ports unit employs about 65 in Baltimore and is responsible for many of the unionized longshoreman hours. It predominantly handles containerized cargo for the state-owned port at Seagirt and Dundalk Marine terminals.
DP World said it won approval from a secretive U.S. government panel that considers security risks of foreign companies buying or investing in American industry.
The U.S. Committee on Foreign Investment in the United States "thoroughly reviewed the potential transaction and concluded they had no objection," the company said in a statement to the Associated Press.
The committee earlier agreed to consider concerns about the deal as expressed by a Miami-based company, Eller & Co., according to Eller's lawyer, Michael Kreitzer. Eller is a business partner with the British shipping giant but was not in the running to buy the ports company.
The committee, which could have recommended that President Bush block the purchase, includes representatives from the Departments of Treasury, Defense, Justice, Commerce, State and Homeland Security.
The State Department describes the UAE as a vital partner in the fight against terrorism. But the UAE, a loose federation of seven emirates on the Arabian Peninsula, was an important operational and financial base for the hijackers who carried out the attacks against New York and Washington, the FBI concluded.
Sen. Charles E. Schumer, a Democrat whose district includes the New York port, urged the administration to consider the sale carefully.
"America's busiest ports are vital to our economy and to the international economy, and that is why they remain top terrorist targets," Schumer said. "Just as we would not outsource military operations or law enforcement duties, we should be very careful before we outsource such sensitive homeland security duties."
Last month, the White House appointed a senior DP World executive, David C. Sanborn of Virginia, to be the new administrator of the Maritime Administration of the Transportation Department. Sanborn worked as DP World's director of operations for Europe and Latin America.
Critics of the proposed purchase said a port operator complicit in smuggling or terrorism could manipulate manifests and other records to frustrate Homeland Security's limited scrutiny of shipping containers and slip contraband past U.S. Customs inspectors.
"When you have a foreign government involved, you are injecting foreign national interests," Kreitzer said. "A country that may be a friend of ours today may not be on the same side tomorrow. You don't know in advance what the politics of that country will be in the future."
Shipping experts noted that many of the world's largest port companies are not based in the U.S., and they pointed to DP World's strong economic interest in operating ports securely and efficiently.
"Does this pose a national security risk? I think that's pushing the envelope," said Stephen E. Flynn, who studies maritime security at the New York-based Council on Foreign Relations. "It's not impossible to imagine one could develop an internal conspiracy, but I'd have to assign it a very low probability."
Changing management over the U.S. ports "doesn't offer al-Qaida any opportunities it doesn't have now," said James Lewis, who worked with the U.S. committee at the State and Commerce departments. "It's in Dubai's interest to make sure this runs well."
"It's in Dubai's interest to make sure this runs well." - My take, because we're paying them shitloads of money to make sure nothing happens. Almost sounds like a future blackmail card that'll wait to rear its ugly head in the future.
Well, that has to be the quickest dupe post in ARF.com history - 4 minutes!!!!
everyone dupes now and then, you'll get over it and be a better man for it in the end