Tuesday, February 28, 2006

Coast Guard: Port Deal No Threat

Contrary to what's been reported ( what else is new?), the US Coast Guard is denying it is against the Dubai Ports deal:

The U.S. Coast Guard in denying a wave of media reports claiming it concluded that having Dubai Ports World run several dozen shipping terminals at U.S. ports poses a national security risk.

A spokesman clarified this:

"The excerpts made public earlier today, when taken out of context, do not reflect the full, classified analysis performed by the Coast Guard. That analysis concludes ‘that DP World's acquisition of P&O, in and of itself, does not pose a significant threat to U.S. assets in [continental United States] ports.’