DUBAI: DP World Marine Services, a leading global provider of shipping solutions, has launched a new direct service for fruit exporters in Colombia and Panama. The service connects four ports in Colombia – Turbo, Santa Marta, Cartagena, and Barranquilla – and the port of Manzanillo in Panama, providing the best coverage for containerised cargo in…
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DP World and CDPQ announce $5 billion investment in UAE
DUBAI, UAE: DP World and CDPQ, a global investment group, announced today an investment of US$5 billion (CA$6.3 billion) in three of DP World’s flagship UAE assets. CDPQ will invest US$2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold…
DP World consolidates Eurofos terminal in Fos-sur-Mer, exits Le Havre
DUBAI, UAE: DP World Limited and Terminal Link SA, a joint venture 51% owned by CMA CGM and 49% owned by China Merchants Port, have today reached a conditional agreement to restructure Portsynergy SAS (Port Synergy), a 50:50 joint venture company. Port Synergy is the holding company for subsidiary companies, Générale de Manutention Portuaire SA…
DP World forms investment platform to invest in Africa
DUBAI, UAE: DP World has created an investment platform in partnership with the UK’s development finance institution and impact investor CDC Group (CDC), a bourse filing said. The platform covers a long-term investment period. DP World is contributing its stakes in three existing ports initially and expects to invest a further $1 billion through the platform over the next several…
DP WORLD to invest £300mn London Gateway logistics hub
DUBAI, UAE: DP WORLD will begin work next month on a new fourth berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity for the world’s largest vessels, a news release said. The £300 million sum – which builds on the £2bn investment DP World has made in Britain…
DP World reports 10% volume growth in 1Q
DUBAI: DP World Limited handled 18.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2021, with gross container volumes increasing by 10.2% year-on-year on a reported basis and up 9.6% on a like-for-like basis. The first quarter witnessed a strong start to the year and all…
DP World and CDPQ’s sign agreement with Maspion Group for a container port and industrial logistics park in East Java
DUBAI: DP World alongside its partner Caisse de dépôt et placement du Québec (CDPQ) signed a 35 year concession agreement to partner with Indonesia’s leading conglomerate Maspion Group to develop and operate an integrated container port and industrial & logistics park in Gresik (Java), Indonesia. The Java region is the key trading hub and generates…
DP World reports 7.6% gross volume growth in 4Q2020 and flat growth for FY2020
DUBAI: DP World Limited handled 19.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 4Q2020, with gross container volumes increasing by 7.6% year-on-year on a reported basis and up 6.5% on a like-for-like basis. On a FY2020 basis, DP World handled 71.2 million TEU, flat year-on-year and up 0.2% on…
DP World and CDPQ Expand Global Investment Platform to $8.2 billion
DUBAI: DP World, a global infrastructure-led supply chain solutions provider, and Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, announced the expansion of their ports and terminals investment platform through a new commitment of US$4.5 billion (CA$6 billion), which increases the total size of the platform to US$8.2 billion (CA$ 10.6…
DP world acquires feeder and regional trade operators adding Scale to Unifeeder’s logistics platform
DUBAI, UAE: Unifeeder, through its Unifeeder ISC platform announced the acquisition of Transworld Feeders FZCO, Avana Logistek Ltd (including its subsidiary Avana Global FZCO), and Transworld Feeders Pvt. Ltd. (the containerized Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics Ltd, excluding vessels and bulk operations). Transworld Feeders FZCO and Avana Global…
DP World reports 3.9 percent decline in volumes during 1H2020
DUBAI: DP World Limited handled 33.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2020, with gross container volumes decreasing by 5.3% year-on-year on a reported basis and down 3.9% on a like-for-like basis. At a consolidated level, DP World’s terminals handled 20 million TEU during…
DP World completes acquisition of Fraser Surrey Docks
DUBAI: DP World PLC has announced the acquisition of Fraser Surrey Docks from Macquarie Infrastructure Partners (MIP). MIP is a fund managed by the Macquarie Infrastructure and Real Assets (MIRA) division of Macquarie Group. The purchase consideration is below 2.5% of DP World’s net asset value as of FY20181. The acquisition will be effected through…