As Abhi posted earlier, there’s a big outcry in the U.S. over the sale of a British port operator to one based in Dubai. What few people have pointed out is that in the international edition of Monopoly, when you buy P&O, you get India for free:

Yet nowhere else has the deal for P.& O., as the company is known, drawn much anxiety… in other countries it will vastly increase the company’s reach. In India, for instance, Dubai will take control of about half the country’s container shipping operations, but there has been little public outcry there. [Link]

Through this deal the Gulf-based company will have in its kitty India’s three major container terminals… Mumbai… Chennai… and… Gujarat; apart from a share in… Vishakapatnam.

Also, with the development… by Dubai Ports in Kochi, a majority of the Indian container shipping is expected to be in the hands of the Gulf-State backed company… “Dubai Ports is going to rule the India container industry…” [Link]

The deal’s purported security risk would affect desi Canadians as well as Americans via Vancouver:

But what’s at stake, specifically, is the Centerm hub in Burrard Inlet, which handles about a quarter of the shipping containers passing through Canada’s third-largest city. Centerm is where P&O — and soon, Dubai Ports World — makes money by loading and unloading shipping containers…

Vancouver’s ability to safeguard against terrorism is crucial for the continent… In 1999, Algerian al-Qaeda member Ahmed Ressam cooked up a massive bomb in Vancouver… he had been hoping to… [set off] the bomb in… Los Angeles Airport. In 1985, Sikh terrorists placed deadly bombs aboard two Air-India jets at Vancouver’s airport. [Link]

Flat-earther Tom Friedman piles in for the free-marketers:“This is about keeping ‘a bunch of Arabs’ out of our country”

“I think it’s a shameful and has slightly racist overtones to it… This is about keeping ‘a bunch of Arabs’ out of our country, that’s what this is really about. And it’s a bad thing, not only because it doesn’t reflect our real values.”

Friedman points out that American companies like IBM, FedEx or UPS run around doing business in the Arab world. “What if they then turn around and say, ‘You’re not going to take ours, well, we’re not going to take yours…’ ”

“Both sides are guilty of it. When people ransack a Danish embassy in Damascus and the government allows it.. We have nativists in our country. They have nativists in their country that are going to always want to push these issues. Government’s job is to restrain that.” [Link]

We absolutely need to get serious about high-volume container scanning. Pro-bin Laden sentiment in the Emirates and Dubai’s history of nuclear transshipment gives me serious pause. But I agree with Abhi: who owns the back office is an issue apart. Dubai is a major international port with at least one illustrious, long-term customer, the U.S. Navy. A lot of P&O’s managers are Westerners, and you can always set up a firewall between investors and day-to-day ops. To me the port business sounds like airlines: way too competitive for the government to run, but highly amenable to security regulation.

Liberal blogger Kevin Drum writes sarcastically about how easy it is to tar another ally with the same brush:

PSA, which stands for “Port of Singapore Authority,” is owned by the state of Singapore… if it acquires Stevedoring Services it will end up running terminal services in Seattle, Los Angeles, San Diego, Houston, Charleston, New Orleans, and a whole bunch of other U.S. cities… Singapore… has a sizable Muslim population of its own, and is surrounded by the predominantly Muslim countries of Malaysia and Indonesia, both of which are known to harbor al-Qaeda cells. [Link]

By the way, does anyone find it odd that this company is still called Oriental Steam? You don’t see IBM, KFC or NCR touting their original anachronisms. As for the Oriental bit, I hope they’re talking compasses.

P&O, whose full name is Peninsular & Oriental Steam Navigation Co… [Link]

Related post: Why Bush occasionally embraces truthiness (I can’t bring myself to type ‘Why Bush is r… ri…’)