Port Controversy Continues

Wednesday, February 22, 2006
The controversy over the planned acquisition of six port facilities in New York, New Jersey, Philadelphia, Baltimore, Miami, and New Orleans by UAE-based Dubai Ports World (DPW) continues apace. Senate Majority Leader Bill Frist (R-TN) issued a Press Release stating that he is asking the Administration to delay the acquisition until a detailed briefing is provided. Representative Chris Shays (R-CT) is seeking a new thorough federal review of the acquisition. Representative Clay Shaw (R-FL) plans to introduce legislation aimed at preventing foreign entities from operating U.S seaports. Meanwhile, the White House released remarks made by President Bush defending the Administration’s decision to not block the acquisition.

People & Company News

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Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

 
 
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