• United States



by Dave Gradijan

Dubai Deal Complete, U.S. Ports Held Separately

Mar 09, 20062 mins
CSO and CISOData and Information Security

On Thursday, Dubai Ports World announced the completion of its deal to acquire the port operations of U.K.-based Peninsular and Oriental Steam and Navigation Co. (P&O); however, it said it would keep operations of the six major U.S. ports involved in the deal “separate” while a security review is undergone, Reuters reports via Yahoo News.

“DP World is pleased to announce that it has completed the acquisition of P&O (PO.L),” a company statement read.

According to Reuters, Mohammed Sharaf, Dubai Ports World’s CEO, said, “A review of our operations in the United States continues, and we look forward to a timely resolution of any issues. We will continue to hold our U.S. operations separate while this process continues.”

President Bush’s administration is currently performing an additional 45-day review of the company’s security policies because the highly publicized deal was blasted by the American public and a handful of lawmakers who claim the president did not adequately assess the risk associated with the deal.

On Wednesday, a House committee voted to block the deal. Read House Committee Votes to Block Dubai Deal for more on that vote.

For related content, read Dubai, or Not Dubai and Customs Rattles the Supply Chain.

For additional related news coverage, read Dubai Deal OK’d by British Appeals Court, Dubai Deal OK’d by London High Court and Coast Guard Concerns Stir Up Ports Debate.

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