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View Diary: A Sergeant Major's Incensed Rant - Or Give The Damn Ports Away (141 comments)

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  •  This is a fuss about nothing (none)
    Currently the ports are owned by P&O, a venerable British company. If bought by Dubai the ports will still be run by Brits who manage the Dubai Ports as well (many of them started out with P&O), likewise Emirates airline regurly voted the best airline for travel. The transaction is purely financialy driven with P&Os shareholders giving way to Dubai shareholders, the underbidder was Temasek which is controlled by the Government of Singapore. If you don't want foreigners owning your country don't run deficits true for Britain as much as the US, the British are selling gradually selling off their huge stock of overseas assets. Given the multinational nature of most shareholders registers it is amazingly simplistic to look at the domicile of the company concerned. You are right to worry over port security but this transaction changes precisely nothing.
    •  Hm (4.00)
      Thanks for the insight - sounds like sober reasoning. But, could you put this through your noggin and tell me if it sounds fishy?

      Dubai, 24 January 2006: - Global ports operator DP World today welcomed news that one of its senior executives, Dave Sanborn, has been nominated by US President George W. Bush to serve as Maritime Administrator a key transportation appointment reporting directly to Norman Mineta the Secretary of Transportation and Cabinet Member.

      The White House has issued a statement from Washington DC announcing the nomination. The confirmation process will begin in February.

      Mr Sanborn currently holds the position of Director of Operations for Europe and Latin America for the Dubai-based company

      Mohammed Sharaf, CEO, DP World said:
      "While we are sorry to lose such an experienced and capable executive, it is exactly those qualities that will make Dave an effective administrator for MarAd.  We are proud of Dave's selection and pleased that the Bush Administration found such a capable executive. We wish him all the best in his new role."

      Ted Bilkey, Chief Operating Officer, DP World said:
      "Dave's decades of experience in markets around the world, together with his passion for the industry and commitment to its development, will allow him to make a positive contribution to the work of the Maritime Administration. We wish him well for the future."

      Mr Sanborn, a graduate of The United States Merchant Maritime Academy, joined DP World in 2005. He previously held senior roles with shipping lines CMA-CGM (Americas), APL Ltd and Sea-Land and has been based, besides the US, in Brazil, Europe, Hong Kong and Dubai during his career.  He has also served in the US Naval Reserve.

      Mr Sanborn is due to take up his new role based in Washington DC later in 2006.

      Let the great world spin for ever down the ringing grooves of change. - Tennyson

      by bumblebums on Sun Feb 19, 2006 at 03:36:49 PM PST

      [ Parent ]

    •  For now. (none)
      With ownership change comes different top-level decision making.  Now they are no longer British, therefore we are more vulnerable because the administrative control rests in the hands of people that have a much greater likelihood of terrorist contacts.

      "In a time of universal deceit - telling the truth is a revolutionary act." - George Orwell

      by Five of Diamonds on Sun Feb 19, 2006 at 07:15:17 PM PST

      [ Parent ]

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