From the Associated Press via Yahoo News:
Arab Company Accepts Broader Ports Review
By TED BRIDIS, Associated Press Writer
A United Arab Emirates-based company on Sunday offered to submit to a broader U.S. review of the security risks from its deal to take over major operations at six American ports.
Seeking to avert a showdown between President Bush and Congress, DP World also promised to create an American subsidiary that would function independently of executives in Dubai.
During the Bush administration's 45-day investigation, DP World said a London-based executive who is a British citizen would have authority over the company's operations at ports in New York, New Jersey, Baltimore, New Orleans, Miami and Philadelphia.
Also, an American citizen would serve as the chief security officer during this period, the company said.
"We hope that voluntarily agreeing to further scrutiny demonstrates our commitment to our long-standing relationship with the United States," said Edward H. Bilkey, the company's chief operating officer.