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...while one Dubai company may be giving up on U.S. ports, another one shows no signs of quitting the U.S.-or of giving up a contract with the Navy to provide shore services for vessels in the Middle East. The firm, Inchcape Shipping Services (ISS), is an old British company that last January was sold to a Dubai government investment vehicle for $285 million. ISS has more than 200 offices around the world and provides services to clients ranging from cruise ship operators to oil tankers to commercial cargo vessels. In the U.S., the company operates out of more than...
...Pentagon when handing over U.S. port operations to the emirate would supposedly compromise national security? Because it makes sense. Call it the reality of living in a globally connected business world. Your IBM laptop is now manufactured by a Chinese company that may outsource customer support to an Indian firm and the logistics to FedEx. Dubai companies aren't just buying overseas assets like hotels in New York and wax museums in London; they're providing jobs and business for U.S. companies. Boeing, for one, can only hope it doesn't receive a frosty reception the next time it wants...
...Contacted by TIME, a spokesman for ISS confirmed the existence of the contract, but said that confidentiality terms prevented him from discussing it. A statement issued by the firm declared that ?ISS has undergone rigorous external security checks? and has ?comprehensive internal policies on security.? Regarding its U.S. port operations, the company states that all port staff ?are fully vetted and cleared and undergo a background check to enable them to work within the port limits...
...ships in ports throughout the [Middle East] region.? The release also notes that ISS may be asked to provide services for U.S. military training exercises and ?contingency operations inland.? ISS?s partner for those services? None other than KBR, the division of Halliburton - Vice President Dick Cheney?s old firm - that has won billions of dollars in contracts for the Iraq war and reconstruction. Ironically, Halliburton's name has come up as a possible candidate to be the "U.S. entity" to take over the U.S. ports management from Dubai Ports World...
...fact, isn?t the only Dubai company that has won big business with the Pentagon. In December 2004, another such firm, Seven Seas Shipchandlers, won a $700 million contract to be the prime vendor for maintenance and repair operations for troops in the U.S. Central Command region, which includes the Middle East. Seven Seas has also provided food supplies to U.S. troops in Iraq. Another Dubai-based firm, MAC International, is under contract to deliver $67.2 million worth of police trucks to the Army. Those vehicles, however, will bear a stamp that should please any Washington pol: Made In Detroit...