Looks like someone got to the Coast Guard:

Press Release February 27, 2006

STATEMENT BY COAST GUARD SPOKESMAN CMDR. JEFF CARTER ON COAST GUARD PORT TRANSACTION ANALYSIS

WASHINGTON - "What is being quoted is an excerpt of a broader Coast Guard intelligence analysis that was performed early on as part of its due diligence process. The excerpts made public earlier today, when taken out of context, do not reflect the full, classified analysis performed by the Coast Guard. That analysis concludes ‘that DP World's acquisition of P&O, in and of itself, does not pose a significant threat to U.S. assets in [continental United States] ports.’ Upon subsequent and further review, the Coast Guard and the entire CFIUS panel believed that this transaction, when taking into account strong security assurances by DP World, does not compromise U.S. security."

Doesn't allay my concerns, at all.

(Statement via Mark Levin)