Business Services Industry
The DP World controversy could help our seaports.
Logistics Management (Highlands Ranch, Co.), April, 2006
By James Aaron Cooke, Contributing Editor
I'm not the type of person who utters trite phrases just to boost morale--so I normally wouldn't use the phrase "every cloud has a silver lining." But I'll make an exception in the case of the Dubai Ports World controversy, which could prove to have a silver lining for America's harbors.
For the moment, the political firestorm over DP World, the Dubai-owned company that would have gained control over some U.S. port operations through its purchase of Peninsular & Oriental Steam Navigation Co., has subsided somewhat. As of this writing, DP World had announced that it would sell or spin off its U.S. holdings to avoid a showdown between President Bush and the Congress. Lawmakers, meanwhile, were considering...
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