February 22, 2006 at 4:47 pm in Politics
With all the uproar about the United Arab Emirates purchasing six US ports I think its important to keep this all in context. To start with, foreign companies already own a number of US ports, including those in Long Beach.
Of the nine terminals now operating at Los Angeles, five are operated by American-owned companies, one jointly by an American and Japanese-owned firm, and one each by a company from China, Japan and Denmark.
Of the seven major terminal operators at Long Beach, two are run by U.S.-owned companies, one a partnership of an American and Chinese firm, and one each by companies based in Japan, Hong Kong, South Korea and Switzerland. (source: Orange County Register)
And there’s the issue of what these foreign companies actually operate.
Dubai Ports World (the U.A.E. owned company), like the foreign companies that already run the majority of key U.S. ports ‚Äî including 80% of the terminals in Los Angeles ‚Äî does not own the points of entry. It is a contractor that coordinates logistics. And most important, it’s not in charge of security. Port operators work with U.S. security officials (port police, the Coast Guard, the Department of Homeland Security) in charge of preventing terrorism. (source: Los Angeles Times