Second Dubai firm in US port link - Baltimore & Other US Ports (BBC)

[kpete]

Second Dubai firm in US port link

ISS suppliers services at Baltimore and other US ports

A Dubai-owned firm is already providing shipping services in the United States, it has emerged.

Inchcape Shipping Services, whose clients include the US Navy, has been owned since January by the United Arab Emirates investment firm Istithmar.

Fellow Dubai firm Dubai Ports World has agreed to cede control of US ports acquired in its takeover of P&O to a "US entity" after a political outcry.

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ISS arranges pilots, tugs and dock workers for shipping companies and works with the US Customs to ensure the smooth arrival and departure of vessels at ports such as New York, New Jersey and San Francisco.

ISS was bought by Istithmar, an investment firm ultimately owned by the Dubai royal family, for $285m in January.

http://news.bbc.co.uk/2/hi/business/4792788.stm