Dubai Deal

Re: [spiers] Dubai Deal

http://www.nytimes.com/2006/02/24/business/24terminal.html?ex=1141448400&en=2820\
9a1f411f3ca8&ei=5070


Hutchison Whampoa, the world's biggest container port operator, for example,
is a conglomerate that is publicly traded in Hong Kong. The company's founder,
Li Ka Shing, is often referred to as China's richest man, but the company has
been priced out of recent bidding wars, in part because the Hutchison's mobile
phone business is cash-strapped.


John Spiers wrote: Folks,

The port operator with the most ports under management in the world is
Stevedoring
Services of America, (SSA) a Seattle-based outfit. (Stevedores manage a port,
longshoremen
work it, usually some govt entity owns the port, and US Coast Guard is
responsible for
security.) SSA manages ports all over the world including the middle east.

http://www.ssamarine.com/

Ports are centers of mischief worldwide, plus political paydirt playgrounds.
(Note the news
item at the SSA site, a senator gets a million gallon biodiesel fuel deal for
the SSA... never
mind it takes 1.3 gallons of fuel to get 1 gallon of biodiesel fuel).

I think the political class is offended the Bushes are going to arbitrage the
savings an
independently managed port will realize for a cut of the savings going the
Bushes. I say fair
enough...first come first served.

John


Compete on Design!

www.johnspiers.com

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