From what I read, Dubai Ports World is not private but state owned instead. At least I don't think something is private if it is state owned. The UAE is real (in response to a previous post). It is a country made up of 7 states (emirates), one of them being Dubai.
I work for an ocean shipping company so I will be paying attention to my coworkers comments when I return to work on Tuesday.
I'm not sure how I feel about this yet but I do know that I'm not alarmed by it.
On one side, I think to myself how UAE is nearly crime free. It could be the stiff penalty's one would face if they committed a crime there. My neighbor grew up in Bahrain, and worked in UAE for several years. He would tell me how there were never crimes to do with children (kidnapping, raping, etc.) because the crime committer would be put to death. Harsh punishment? I'm sure, but they just don't put up with that crap. I'm losing sight of the point here, but I wanted to mention the small amount of information I have on UAE (which isn't enough to come up with my stance on this situation) just to explain why I'd like to know more about it before developing a standing opinion.
We already have foreign companies managing some of our ports. Why is the UAE different? Not because they breed terrorists (which I don't believe), but because UAE was an operational and financial base of the hijackers who carried out 9/11 and because it is an Arabic nation.
As for what Port Management means, I'd like to know that too. I know there are unions out there working the ships (loading, unloading, fixing containers, etc), so I would assume these unions stay and just the "management" of pulling all of the different aspects required in port operation will be the duties of Dubai Ports World.
Prior to DPW's bid to takeover P&O (the British company that now manages the ports of discussion), Singapore's PSA International had mad a takeover bid. I wonder what everyone would think about this? My company is Singapore owned. I've been there and have talked to my coworkers who talk about the sensorship of their country. Instead of being concerned about terrorism, we may then be concerned about incidents not being reported since they are being sensored.
As for port management companies, if anyone here wants to look this up, you may find additional information by looking up other companies that are in the industry of port management. I believe this how they now stack up in terms of size:
Hutchinson Ports of Hong Kong is #1. When you go to Hong Kong, you see "Hutchinson" all over the place.
DP World is now #2 (deal to be finalized in March)
Singapore PSA #3
Danish Group APM Terminals #4
In addition, look what I just found on DPW and port management. Maybe this will answer the Port management question we all have:
"which brings together container terminals, other cargoes, free zones, infrastructure developments and consultancy services. Combined with its common user status, DPIs cross-sector expertise offers solutions in all aspects of port operations, ultimately driving efficiency and financial returns for its customers. DPI has successfully applied the management systems, developed at Port Rashid and Jebel Ali, to its global network of terminal operations. This enables its customers, to experience the same high level of service they have come to expect when their vessels call at Dubai.
With a flat management structure that is low on bureaucracy and high on entrepreneurial drive and flair, DPI is able to take a much longer-term view than its competitors. It invests in the infrastructure, facilities and people at its operations, to further enhance the customers experience and satisfaction, and increase trade. DPI can completely turn around the performance of ports, rather than just achieve small incremental improvements solely through better management practices."