Tag: DP World

DP World acquires another port in Peru

DP World Peru

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 comments on DCT seizure from DP World

Doraleh container terminal

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 […]

Intra-Gulf shipping disrupted

Hamad Port Qatar

Maritime authorities of the United Arab Emirates, Saudi Arabia and Bahrain closed their berths to all vessels under the flag of Qatar, owned by Qatar and other vessels traveling in and out of Qatari ports, informs Bloomberg. This may cause severe disruptions in oil and gas trade as well as in container shipping. On Monday, 5 […]

DP World may acquire a stake in FESCO

DP World FESCO

Summa Group, the major shareholder of FESCO Transportation Group, is reported to be in talks to sell a minority stake in FESCO to a consortium headed by DP World and the state-run Russian Direct Investment Fund (RDIF), informs Financial Times. The deal may amount to several hundred million dollars and include special corporate governance rights […]

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