GE after the bell 06/30/06: ICSO container security initiative important to port security

Posted Jun 30th 2006 4:57PM by Tobias Buckell
Filed under: After the Bell, Press Releases, Products and Services, Industry, Competitive Strategy, General Electric (GE)

GE finished the day at $32.96, down 31 cents, a small slide today to finish off the end of the week. GE closed out the week with one interesting thing to note: it's involvement in supporting a new group called ICSO trying to create global container security standards.

Container and port security concerns are hardly new. Since terrorism became a national subject the question of how secure the millions of containers wandering their way around the world to busy ports like New York are has remained a big question. Seeing a group of corporations working towards this goal is important. Proactive behaviour like this is better than waiting for the horse to run out of the proverbial barn door before closing it after some incident happens.

Tags: container ships, containers, ContainerShips, GE, port security, PortSecurity