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Dubai Ports World to delay U.S. ports deal

NEW YORK, Feb. 24 (UPI) -- Dubai Ports World has agreed to delay its deal to take over management of six U.S. ports so Washington lawmakers can evaluate related security concerns.

DPW bought London-based Peninsular & Oriental Steam Navigation Co., which runs the ports in Philadelphia, Baltimore, Miami, New Orleans, New York and Newark, N.J., MarketWatch said Friday.

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But DPW will close its global deal affecting 30 terminals in 18 other countries.

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