Thursday, March 23, 2006

Shipping News

Following the brouhaha over a Dubai-based company taking over management of U.S. ports, Kevin Baron and Michael Kranish of The Boston Globe took the story a step further by looking at who owns some of the boats using those ports. In "Foreign Owners Tied to US Fleet," they report that foreign firms own three-fourths of the cargo ships in a special fleet that carries supplies such as helicopters and rocket launchers to U.S. forces abroad. Kranish and Baron give a balanced look at why the Pentagon launched the program, which is budgeted at $1.7 billion for a decade, and why some people are concerned about it.


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