"No immediate plans to sell"

AP: E-Mail Casts Doubt on DP World's Plans---

WASHINGTON - The Dubai-owned company that promised to surrender its U.S. port operations has no immediate plans to sell its U.S. subsidiary's interests at Miami's seaport, a senior executive wrote Monday in a private e-mail to business associates.

Even if DP World were to sell its Miami operations to quell the congressional furor over an Arab-owned company managing major U.S. ports, "that would probably take a while," wrote Robert Scavone, a vice president for DP World's U.S. subsidiary.

The e-mail, obtained by The Associated Press, added to questions raised since DP World's announcement last week that it will divest U.S. port operations it acquired when it bought London-based Peninsular and Oriental Steam Navigation Co.

DP World has said those operations are worth roughly $700 million.

The takeover touched off a political uproar over the Bush administration's earlier approval of the deal without an intensive 45-day security investigation. The company initially sought to quiet the dispute by submitting voluntarily to such an investigation.

Last week, DP World backed away from the deal further. It pledged to "transfer fully" its U.S. operations to an unspecified American company and said DP World will not suffer economic loss.

The company has steadfastly declined to clarify its statement or the timing of any possible sale, and leading congressional critics have threatened to intervene if DP World's plans fall short of a full divestiture of its U.S. operations.

Scavone told AP in an interview that his e-mail was intended to reassure officials at the Port of Miami Terminal Operating Co. — which manages operations there and is half-owned by a DP World subsidiary — that uncertainty surrounding the Dubai ports deal would not affect its work in Miami.

"As for the 'pending situation,' I myself am not aware of anything about it that would alter the ownership of POMTOC, so unless one or both of our esteemed partners have separately advised you that they plan to sell their interests, you should assume for your own purposes of managing the company that ownership of POMTOC is not going to change," Scavone wrote.

"And even if they do plan to sell, that would probably take a while," he wrote. Scavone's e-mail responded to an earlier message proposing a formal review of the port company's budget, "once the pending situation is resolved and ownership of POMTOC is established."