March 10, 2006

EES EET SAFE?:

Overseas Firms Entrenched in Ports: Despite Dubai Company's Withdrawal, Others Are Likely to Stay Put (Paul Blustein, March 10, 2006, Washington Post )

The decision by Dubai Ports World to abandon its effort to take over terminal operations at six U.S. seaports was a victory for the numerous politicians who have thundered in recent days that foreign companies have no business handling U.S. port operations.

But foreign firms remain deeply embedded in nearly every major port in the country. And transferring ownership of those operations to U.S. companies could cause serious problems in an industry in which nearly all of the shipping is controlled by foreign interests. An immense amount of capital from those foreigners will be required to expand the nation's port system in coming years as global commerce continues to burgeon.

For an example of the industry's international nature, consider Inchcape Shipping Services, a London-based company that provides ship agency services -- arranging the smooth arrival and departure of vessels -- at 200 ports around the world, including more than two dozen in the United States. Inchcape was purchased in January by a Dubai company whose chief executive, Sultan Ahmed bin Sulayem, also heads Dubai Ports World.


Maybe we could build a bubble over the United Staes and live in compete isolation?

Posted by Orrin Judd at March 10, 2006 11:04 AM
Comments

Could it be that if not for the word "Dubai" in the name of the company, this would never have been an issue?

Posted by: Flanman at March 10, 2006 11:29 AM

Or send an urgent post to Bin Laden and Dubai that expresses our sohpisticated understanding of their investment needs. We could then inquire whether they'd be willing to invest in our airports infrastructure and we'll keep the racist masses from finding out about it...

Posted by: Palmcroft at March 10, 2006 11:57 AM

Or send an urgent post to Bin Laden and Dubai that expresses our sohpisticated understanding of their investment needs.

That's libelous.

The UAE is as much of an ally to the U.S. as is Pakistan, another useful nation with major problems.

You can't train an animal by punishing it no matter what it does - it just gets mean.

Similarly, if we treat our friends and enemies in the same way, we'll end up with no friends.

Posted by: Michael Herdegen [TypeKey Profile Page] at March 10, 2006 12:02 PM

Palm:

It's called Emirates Air and penetrates our security every day. Your ignorance is typical.

Posted by: oj at March 10, 2006 12:03 PM

Michael:

The funny thing is a libertarian like Palmcroift thinking it publishes only others to get rid of free trade.

Posted by: oj at March 10, 2006 12:09 PM

You would think if there was any consistency here, the "American Ports for Americans" crowd would now be going after China for their contract with the Port of Long Beach, because they actually are a country who have had their military people make threatening noises towards the U.S. But the only port removal matter anyone in Washington will be dealing with now that the frenzy is over will be is unplugging their iPod from their computer.

Posted by: John at March 10, 2006 1:21 PM

mike

they arent our friends. we coddle small political elites in places like the UAE and Pakistan. personally, i think thats fine but to suggest that this port fiasco is going to alienate the "arab street", as they say, is laughable. lets be honest about who we are talking about. the average citizen of these countries doesnt like the idea that their govts' are "useful" to us. in short, they hate our guts. letting this port deal go through will do zip, zilch, and zero to improve the reputation of the US anywhere in the middle east. what it will do is help ensure future cooperation from the government of the UAE in the war on terror. i agree there.

Posted by: Brian at March 10, 2006 1:55 PM

Brian:

Yes, protectionism won't alienate the Arab street, just limit economic growth and so fuel that street.

Posted by: oj at March 10, 2006 2:12 PM

its limited economic growth that fuels the their rage (curiously marxist thinking, btw)? let me get this straight....joe blow who is worried, rightly or not, about the ports is a drooling racist neanderthal but the arab street is just economically frustrated?

oj, that street is fueled by social pathologies that, unfortunately, wont be solved by Mammon.

Posted by: Brian at March 10, 2006 2:23 PM

According to this news poll it would appear we dislike muslims the more we get to know them.

"According to the poll, the proportion of Americans who believe that Islam helps to stoke violence against non-Muslims has more than doubled since the attacks, from 14 percent in January 2002 to 33 percent today"

In other words dislike of Muslims and their "lifestyle" choices are trending south even though it is 4 years after 9/11. Maybe it's time for some vigorous benign neglect.

Posted by: h-man at March 10, 2006 2:46 PM

h-man

c'mon...whats not to like about muslims? the free market will solve all the worlds problems. just relax, ok.

Posted by: Brian at March 10, 2006 2:56 PM

Brian:

The pathology is unemployment.

Posted by: oj at March 10, 2006 3:46 PM

Yes, engaging Arabs in free trade & stoking them towards economic prosperity won't solve all our problems so SCREW IT!

Posted by: Timothy at March 10, 2006 3:47 PM

We hated blacks too when we segregated them.

Posted by: oj at March 10, 2006 3:55 PM

Who ever said any of this, or either side of the arguments has anything to do with the "Arab Street?" Who gives a damn about the "Arab Street." It's a nonentity worked by pushbuttons (propaganda) pushed by the worst elements in Islam.

Posted by: Genecis at March 10, 2006 5:44 PM

Surely you haven't forgotten that last month's hysteria was the Arab Street?

Posted by: oj at March 10, 2006 5:48 PM

And this month's hysteria is Arab port managment.

Posted by: jdkelly at March 10, 2006 6:57 PM

No wonder we let their planes in, since apparently we won't let them use either streets or ports.

Posted by: Timothy at March 10, 2006 7:03 PM

And don't forget that Cheney shot a man in the back.

Posted by: ed at March 10, 2006 7:05 PM
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