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Article: PORT SECURITY REMAINS IN SPOTLIGHT.(Dubai Ports World acquires Peninsular and Oriental Steam Navigation Co.)
- Article from:
- WWD
- Article date:
- March 14, 2006
- Author:
CopyrightCOPYRIGHT 2006 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Kristi Ellis
WASHINGTON - The aborted Dubai Ports World deal triggered a national debate and generated broader port security initiatives that are likely to preoccupy Capitol Hill.
Lawmakers have introduced about a dozen port-related bills in reaction to the public and Congressional uproar over the deal, and the issue of foreign ownership of key U.S. assets isn't expected to go away soon, particularly in an election year. That leaves retailers and wholesalers that imported $89.2 billion in apparel and textiles to the U.S. last year concerned about the potential for more Congressional intervention in global commerce.
Domestic textile ...