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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...

Author: /time Magazine | Title: The Dubai Deal You Don't Know About | 3/9/2006 | See Source »

...result of that review, the Navy took several steps to increase the security of ships in foreign ports, but maintained its system of contracting. ?We've been doing business in the Persian Gulf for 60 years,? says a Navy official who was unable to confirm the details of the ISS contract. Moreover, Dubai is considered one of the best-equipped ports for the Navy-it?s also a crucial logistical base for operations in the region, including those in Iraq and Afghanistan...

Author: /time Magazine | Title: The Dubai Deal You Don't Know About | 3/9/2006 | See Source »

...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...

Author: /time Magazine | Title: The Dubai Deal You Don't Know About | 3/9/2006 | See Source »

...While ISS doesn?t appear eager to discuss its defense work, a press release issued last fall offers some details. The release states that ISS ?will be responsible for providing all the logistics requirements of U.S. Navy and Coast Guard 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...

Author: /time Magazine | Title: The Dubai Deal You Don't Know About | 3/9/2006 | See Source »

...when President Bush announced his surprisingly ambitious plan to send Americans back to the moon and onto Mars. Thrilling as it was to have astronauts back in the deep-space game, the money would have to come from somewhere, and pan drippings left over from the shuttle and ISS would not do it. But Bush at first seemed serious, promising to complete the station by 2010, mothball the shuttles after that and redirect the saved resources to the new manned initiatives, all without sacrificing such scientifically priceless-and fiscally prudent-programs as new space telescopes and the growing fleet...

Author: /time Magazine | Title: NASA's Budget Blunder | 3/2/2006 | See Source »

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