Why CFIUS Needs a Team B
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.