Following DP World’s announcement of the Djibouti Government illegally taking control of Doraleh Container Terminal S.A at the end of February, more news is coming from the region. On 1 March 2018, the Dubai-based global terminal operator signed an agreement with the Government of Ethiopia, whereby Ethiopia enters into DP World Berbera Port becoming its […]
The illegal seizure of Doraleh port by the government of Djibouti will have minimal impact on DP World’s finances, the port operator said yesterday, as the UAE government voiced its support of the Dubai-based port operator. “There will be no material financial impact to the group as a consequence of these events,” the company said […]
P&O Ports, a subsidiary of Dubai government’s Ports, Customs and Free Zones Corporation (PCFC), will start operating the container terminal in the Port of Sète in the south of France in early 2018, writes GulfNews. Earlier, in July, P&O Ports won a three-year management contract to operate the port’s container terminal with a draft of […]
DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem is proceeding with his annual tour around West and North Africa calling at existing DP World facilities and meeting heads of the states and business leaders to explore trade links and solutions connecting Africa to the world, informs the company. Thus, Mr. Bin Sulayem met […]
DP World London Gateway is to start operating with the first ever fast charging electric shuttle carrier of Kalmar in the beginning of 2018. The fully electric powered Kalmar FastCharge(TM) Shuttle Carrier will be tested at DP World’s UK major container terminal for 6-12 months to ascertain the suitability of a fully electric solution for […]
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 […]
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 […]
Last Thursday, 4 May, while berthing at Terminal 1 in Jebel Ali Port, Dubai, the CMA CGM Centaurus containership of 11,388 TEU capacity collided with the quay wall striking the leg of an STS crane causing it to fall and injuring 10 people. A second crane was also shifted off its rails during the incident but remained upright […]
Global port operator DP World will enter Yuzhny port (Ukraine, Odessa region) by the end of 2017, said Volodymyr Omelyan, the Minister of infrastructure of Ukraine at the meeting with representatives of P&O Maritime FZE, a subsidiary of DP World, earlier this week, informs press service of the Ministry. The meeting was also attended by […]
The first ever UK-China container train departs today from DP World London Gateway for the city of Yiwu in Zhejiang province, eastern China, reports BBC. The unique rail freight service will pass through the Channel Tunnel and thereafter cross 7 countries – France, Belgium, Germany, Poland, Belarus, Russia and Kazakhstan – making 12,000 km in […]
