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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: orkrious who wrote (47427)2/28/2006 1:35:22 AM
From: mishedlo  Read Replies (1) of 116555
 
Coast Guard Warned White House on Ports Deal
Document Reveals Concerns About Intelligence Gaps

WASHINGTON (Feb. 27) - Citing broad gaps in U.S. intelligence, the Coast Guard cautioned the Bush administration that it was unable to determine whether a United Arab Emirates-owned company might support terrorist operations, a Senate panel said Monday. The surprise disclosure came during a hearing on Dubai-owned DP World's plans to take over significant operations at six leading U.S. ports. The port operations are now handled by London-based Peninsular & Oriental Steam Navigation Company.

"There are many intelligence gaps, concerning the potential for DPW or P&O assets to support terrorist operations, that precludes an overall threat assessment of the potential" merger," an undated Coast Guard intelligence assessment says. "The breadth of the intelligence gaps also infer potential unknown threats against a large number of potential vulnerabilities," the document says. ...

The document raised questions about the security of the companies' operations, the backgrounds of all personnel working for the companies, and whether other foreign countries influenced operations that affect security. "This report suggests there were significant and troubling intelligence gaps," said Collins, R-Maine. "That language is very troubling to me."
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