DP World
DP World News
DP World to Delist from Nasdaq Dubai
DP World, one of the world’s largest port operators, is delisting from the Nasdaq Dubai and returning to fully private ownership.According to a press release, the…
DP World Acquires Ukraine's TIS Terminal
Marine cargo handling company DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions…
DP World Acquires 44% Stake in Swissterminal
Dubai-based global ports operator DP World has taken a 44% stake in Frenkendorf-headquartered Swissterminal Holding, the container terminal operator in Switzerland.The…
DP World to Invest $500 in Jeddah Port Upgrade
The global port operator DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and…
DP World Creates New Maritime Entity
Following DP World’s recent acquisition of Topaz Energy and Marine and its integration with P&O Maritime created a new brand P&O Maritime Logistics - a global provider…
DP World Raises $2.3Bln, Rings Nasdaq Bell
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of the global port operator DP World, rang the market-opening bell at Nasdaq Dubai to mark the listings of two sukuks…
DP World Completes $520Mln Sokhna Expansion
Dubai's state-owned port operator DP World said that its port in Egypt, DP World Sokhna marked its 10th anniversary by revealing that its $520m (AED1.9bn) port expansion…
DP World Orders Terminal Tractors at Kalmar
Kalmar, part of Cargotec, has concluded an agreement with long-standing partner the global port operator DP World for 38 Ottawa T2 terminal tractors for the company’s…
DP World, Namibia's Nara Namib Sign MoU
Dubai based logistics giant DP World has signed a memorandum of understanding (MoU) to develop a free economic zone for industry and logistics in Namibia.The port…
DP World JV Wins French Port Gig
Generale de Manutention Portuaire (GMP), a joint venture between Dubai-based trade enabler DP World and French shipping line CMA CGM, has been awarded the service…
DP World: Djibouti Dispute Hurts Firm's Borrowing Ability
Global ports operator DP World has struggled to borrow from banks to finance new investments since a port it partially owns in Djibouti was seized by the government there in 2018, its chairman said on Monday."We are investing but it is costing us more. That’s the damage," DP World Chairman Sultan Ahmed bin Sulayem told Reuters in Rwanda's capital Kigali, where the company opened a $35 million logistics platform on Monday."Fewer banks will lend us money today…
DP World Becomes a Full Logistics Operator in Peru
DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully-integrated maritime and logistics operation.It has…
Deepwater Port Posorja 1st Phase Opened
The $538 million first phase of the new Deepwater Port of Posorja in Ecuador by global trade enabler, DP World, is now completed and successfully operational.The…
DP World Taps Kalmar for Indian Box Terminal Cranes
Cargotec company Kalmar has been contracted by DP World to supply 15 rubber-tired gantry cranes (RTGs) for the Nhava Sheva International Container Terminal (NSICT) in Mumbai, India.The order includes 24 months of on-site maintenance support, with delivery scheduled to be completed during Q4 2020. NSICT was India’s first public-private partnership project and is part of the country’s largest port, Jawaharlal Nehru Port Trust (JNPT)…
DP World Joins Chinese Firm for First Traders Market
The Dubai-based ports operator DP World announced a partnership with Zhejiang China Commodity City Group Company (CCC) to develop the ‘Traders Market’ in Jebel Ali…
DP World Profits Up 27% in H1 2019
Dubai International Ports Group (DP World) announced a strong financial results for the first six months of the year ended June 30, 2019 and its profits soared by…
UAE Presence Grows in the Maritime World
Over recent years the United Arab Emirates has emerged as an important maritime hub with grand ambitions. Mark Venables visited the region to discover what is driving that growth.When the UAE was elected to the IMO Council as a Category B member, it immediately raised its profile within the maritime community. The Emirates have taken a significant step forward in the maritime world.Despite this success, the region remains a challenging market for shipping and logistics.
DP World Slams Djibouti Government
The global port operator DP World has accused the government of Djibouti of “complete disregard and contravention” of the global legal system as it plans to rule…
DP World to Build $1.2B Port in Indonesia
DP World and Indonesia’s leading conglomerate Maspion Group have signed two preliminary agreements to create a $1.2 billion container port and industrial logistics…
DP World to Issue $700 million in Bonds, Sukuk
Port operator DP World plans to raise at least $700 million through conventional and Islamic bond issues on Thursday, documents issued by banks involved in the deal showed.Majority owned by the Dubai government, DP World plans to issue benchmark sukuk with a 10-year maturity. Benchmark bonds are generally meant to be over $500 million.The Islamic paper is being marketed with an initial guidance of around 230 basis points over mid-swaps.Barclays…
