Gulf counties will aim to capitalise on 4.5 per cent forecasted 2014 growth in global trade and the economies of scale presented by bigger ships and alliances, according to maritime experts.
The Middle East is investing heavily in
DP World, a UAE-based marine terminal operator, handled 44.8 million TEU (twenty-foot equivalent units) across its portfolio of container terminals during the first nine months of 2014, with gross container volumes growing by 9 per cent compared
DP World, Dubai’s marine terminal operator, today (October 22) welcomed the first scheduled vessel to its new Container Terminal 3 in Jebel Ali, Dubai, UAE.
The ‘APL Phoenix’ was welcomed by DP World chairman Sul
Expo 2020 Dubai has held the first industry exploratory session in partnership with DP World as part of the preparation to host the international event.
The session, conducted with over 30 stakeholders in the supply chain sector,
DP World and Hutchison Port Holding (HPH) have joined hands to combat global warming in a ‘Waste Reduction Campaign,’ that seeks to will multiply the effect of their individual efforts to curb global greenhouse emissions.
P&O Maritime, a subsidiary of Dubai's DP World, one of the world's largest port operators, has bought a majority stake in Spain's Remolcadores de Puerto y Altura (Repasa), the acquirer said in a statement.
State-owned conglomerate Dubai World is offering creditors a series of incentives to lengthen a $25 billion debt restructuring deal, including shares in global ports firm DP World as collateral, sources aware of the matter said.
Global marine terminal operator DP World has reported profit attributable to owners of the company before separately disclosed items of $332 million for the six months to 30 June, 40.8 per cent ahead of the first half of 2013 on a like-for-like
DP World handled 29.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2014, with gross container volumes growing by 9.3 per cent on a like-for-like basis.
DP World, a leading port operator, has signed a $3 billion loan deal, becoming the latest Dubai entity to take advantage of buoyant funding conditions to improve terms on its debt.
The new five-year facility is