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
Djibouti said it had started legal action against DP World, seeking to rescind the Dubai-owned port operator's concession in Africa's largest container terminal in a row over how the contract was awarded.
Jebel Ali Port, the flagship port of global marine terminal operator DP World, has been voted the “Best Seaport - Middle East” for the 20th year in a row at the prestigious Asian Freight and Supply Chain Awards.
The DP World chairman and the Maldivian President discussed potential areas of co-operation and ways in which economic relations could be enhanced to higher levels recently.
Sultan Ahmed Bin Sulayem, DP World c
DP World plans to raise $1 billion with a convertible bond issue of 10 years duration on Thursday to fund growth opportunities and diversify its funding sources, the Dubai-based ports operator said in a statement.
The issue is a r
DP World, a leading marine terminal operator, has won the Dubai Human Development Award 2013 at a major ceremony recently, marking the 20th anniversary of the Dubai Business Excellence Awards by the Department of Economic Development.