Tag: DP World

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

Russian container volumes

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 […]

UK-China container rail service launched

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 […]

Next Page » « Previous Page