Business | Shipping

US official allays fears over P&O sale

A US official yesterday dismissed concerns over DP World's planned takeover of management operations at six US ports as part of its purchase of Peninsular and Oriental Steam Navigation Company.

  • By Duraid Al Baik, Foreign Editor
  • Published: 00:00 February 21, 2006
  • Gulf News

Dubai: A US official yesterday dismissed concerns over DP World's planned takeover of management operations at six US ports as part of its purchase of Peninsular and Oriental Steam Navigation Company.

Karen P. Hughes, Undersecretary of Public Diplomacy and Public Affairs, dismissed US lawmakers' objections saying that the government has conducted an inter-agency security review and determined that the sale can go forward.

Addressing a press conference here, Hughes said the United States has a longstanding friendship and alliance with the UAE. "We are partners in the war against terror and the administration has concluded that this sale can in fact go ahead and will be very safe and secure," she said.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Shipping

  1. Polar shipping routes to open as Arctic ice vanishes

  2. World's largest cruise ship sets sail from Finland

  3. Gulf Navigation profit hit by falling charters

  4. DP World volumes down 8 per cent

All articles in Shipping

More from Business

Gulf News
Popular in Business
Precious jump
General

Precious jump

Gold prices at new high as India's central bank buys $6.7b worth of gold

Business Editor's choice