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- W1604698974 abstract "THE controversy in the United States over the purchase of P&O Ports by the state-owned Dubai Ports World (DPW) has turned out to be much more than just a “storm in the tea cup”. It has taken on cyclonic proportions with far-reaching implications for U.S. relations in the Gulf, international maritime transport, global trade, and the whole process of globalization. DPW was successful in a bidding battle with Singapore’s PSA International to gain control of the entire P&O operation, which includes cruise liners, ferries and a share of the major shipping container company, P&O Nedlloyd, as well as port and terminal activities. The successful bid was US$6.8 billion against PSA’s top bid of US$6.13 billion. Singapore’s Prime Minister Lee Hsien Loong described the withdrawal of PSA from the battle as a “hardheaded” business decision. The deal included the transfer of management of some container terminals and stevedoring operations in several U.S. ports to DPW. Six ports -- Miami, New York, New Jersey, Baltimore, Philadelphia, and New Orleans -- have been the main focus of attention, but P&O also has some involvement in up to sixteen other U.S. ports. In the main ports, this means operating some container terminals in the port (e.g. two out of the fourteen terminals in Baltimore and two out of the five terminals in New Orleans). In most of the other ports, it just involved some stevedoring operations." @default.
- W1604698974 created "2016-06-24" @default.
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- W1604698974 date "2006-01-01" @default.
- W1604698974 modified "2023-09-23" @default.
- W1604698974 title "THE U.S. PORTS CONTROVERSY - THE POLITICS OF FEAR AND MARITIME SECURITY" @default.
- W1604698974 hasPublicationYear "2006" @default.
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