BY ISAAC JOHN, Chief Business Reporter, The Khaleej Times
There is no rest for the probably weary corporate types at P&O and DP World. Not dissimilar to Miami Eller's legal claim that P&O was required to seek their approval for the P&O sale to DPW, Chennai Port Trust (terminal service provider), and Gujarat Maritime Board (a port authorities in Gujarat) and are now whining that P&O, not seeking their blessings on the business union, violated the provisions of certain concession agreement clauses.
No doubt this will also go south, as did the Miami-Eller suit in London.
Previous Indian voices charging monopoly have taken a 2nd seat to the latest claims of concession violations. Probably because there was little to support the monopoly charge as competition experienced no ill-effects from the transfer of share.
Unlike American complaints, noteably absent from this India-UAE dispute are the accusations of "distrust" and "terror connections" bandied wildly about by US Congress. Despite the bad behavior of western lawmakers, DP World officials appear to harbor no ill will in media reports, and express future interest in acquiring US ports should legislation allow.
If true, Americans can count themselves lucky... with gracious thanks to DP World officials and their above-board tolerance, and none to a hysterical Congress motivated by election year antics.