Currently, London-based Peninsular and Oriental Steam Navigation Co., the fourth largest port operator in the world, runs the six ports. But the $6.8 million sale of P&O to UAE-owned Dubai Ports World (DPW) would effectively turn over North American operations to the government-owned company in Dubai.
This is TOTAL Insanity!!!
Have We TOTaly LOST our Minds?????
This must come as a shock to the agencies that now run these ports (like the Port Authority of New York and New Jersey, for example). P&O doesn't run any of these ports at all, and neither will Dubai Ports World.