The Dubai-based global port operator has announced a disruptive technology that would radically improve operations, efficiency and capacity at container terminals. The world’s first multi-storey container stacking system is suggested by the joint-venture formed by DP World and SMS group, a German family-owned industrial engineering company. The new technology will be first implemented at DP […]
Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, has been elected as Chairman of Virgin Hyperloop One, as the company is ready to start implementing the world’s first hyperloop system. Besides, Jay Walder, one of the world’s leading mass transportation and technology executives, has been appointed as the company’s CEO and a […]
DP World continues to protect its rights in the dispute with the Djibouti government over the Doraleh Container Terminal (DCT), which was illegally seized by the government in February 2018. Now DP World has taken legal action against China Merchants Port Holdings Co. Ltd (CM Port) for building an international free zone on the DCT area. […]
DP World has announced the 1H 2018 financial results, showing a 14.4% revenue growth and a 7.9% increase in adjusted EBITDA. The reported revenue is USD 2,626 mln, its growth is accounted for by the volume growth across all three regions and the impact of new acquisitions including Drydocks World LLC, Dubai Maritime City and […]
DP World yesterday announced the acquisition of 100% of the Unifeeder Group for EUR 660 mln from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus (Denmark), Unifeeder is the largest European container feeder operator with an extensive shortsea network connecting approximately 100 ports. The deal is subject to regulatory approvals and expected […]
DP World continues the struggle to protect its rights in the dispute with the Djibuti government over the Doraleh Container Terminal. Last Thursday, the London Court of International Arbitration held that Djibouti did not have sovereignty over a contract governed by English law. The Court has also established that, in the absence of an express […]
DP World Antwerp signed an agreement with NxtPort, as first terminal operator committing to make all its data available on the platform. This means information related to containers that are handled at the terminal such as gate in, gate out, loading and unloading can be retrieved through API’s. We already wrote earlier, that the Port of […]
Djibouti discusses with CMA CGM the development of a new container terminal at an initial cost of USD 660 mln, informs Reuters. Speaking on the sidelines of the Africa CEO Forum in Abidjan, Ivory Coast, on Tuesday, March 27, Aboubakar Omar Hadi, Chairman of the Djibouti Ports and Free Zone Authority (DPFZA), told Reuters that […]
Yesterday, 18 March 2018, DP World announced the acquisition of Cosmos Agencia Maritima S.A.C., a fully integrated logistics services provider based in Peru. Cosmos Group owns Neptunia S.A and Triton Transport S.A, that offer maritime and logistics services, and also possesses a 50% stake in Terminales Portuarios Euroandinos S. A. at the port of Paita, […]
Djibouti dismissed the speculations that appeared last week about the reasons behind the government’s expropriation of Doraleh Container Terminal (DCT) from DP World, informs Africa Times. In his statement in Twitter on Friday, Mohamed Siad Doaleh, Djibouti’s ambassador to the United States, claimed as “false” the idea that Djibouti would give the disputed Doraleh terminal […]
