Israeli Firm's Endorsement of DPW a Major Boost to Port Purchase Prospects
By Andrew Cochran
The chairman of Zim Integrated Shipping Services Ltd., the largest Israeli shipping firm, wrote on February 22 to Sen. Hillary Clinton (Acrobat file from CNN website) to strongly endorse the purchase of U.S. port operations by Dubai Port World. The chairman cited both the sound security and business efficiency of DPW operations. "As an Israeli company, security is of the utmost importance to us...and we are very comfortable calling at DP World's Dubai ports. During our long association with DP World, we have not experienced a single security issue in these ports or in any of the terminals operated by DP World and have received exemplary service that enhances our efficiency and the smooth running of our operations."
The endorsement of DPW's security standards by this important Israeli company will be a substantial comfort to many Congressmen, even as disagreement has arisen over whether the first CFIUS investigation sufficiently considered possible links between DPW and Al Qaeda. Rep. Peter King, chairman of the U.S. House Homeland Security Committee, asserts that CFIUS did not review possible links, while the Treasury Department's Deputy Secretary defended the national security review undertaken by CFIUS again today on Capitol Hill.
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