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Time: 12 Dubai Company Works in 2 US Ports |
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3/11/2006 8:33:16 AM |
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The Time magazine announced a Dubai company serves in 12 American harbors although the "Dubai Ports World" withdrew its application to six busy American ports on the Atlantic Ocean coast.
The news on the magazine's website reads the British Inchcape Shipping Services (ISS) was sold to an investment company from the Dubai government for $285 million.
The news indicates ISS has more than 200 worldwide offices and also has offices in the harbor cities of US such as Houston, Miami and New Orleans. Reportedly, the company renders services of pilot shipping, haulers and docking.
The news also reads that the American fleet signed a $50 million deal with ISS on the management of the ships in the harbors in Asia, South Asia, and Middle East.
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