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DP World sees drop in volumes due to pandemic

The adverse effects of the pandemic could not leave unaffected one of the world’s largest port operators. UAE-Based DP World reported its gross container volumes decreased by 5.3% year-on-year on a reported basis, with 33.9 million TEU in the first half of 2020.

DP World joins TradeLens digital platform

DP World recently joined TradeLens digital platform, jointly run by A.P. Moeller-Maersk and IBM, in order to accelerate the digitization of global supply chains.

DP World marks stable performance despite COVID-19

Although the COVID-19 outbreak has brought several impacts concerning cargo operations, the Dubai-based port and terminal operator, DP World managed to keep its volume stable during the first quarter of 2020. 

DP World acquires 51% stake in Ukrainian port

Dubai-based DP World will acquire a majority 51% stake in TIS Container Terminal in the Ukrainian port of Yuzhny, boosting its position and presence in the market-leading terminal of Ukraine. Through a statement, DP World commented that the acquisition compliments the operator’s existent operations, providing tugging, pilotage and other marine services in several Ukrainian ports.

DP World sees 2019 growth despite trade war

DP World reported its 2019 TEUs commenting that despite the challenges arising from the US-China trade war and regional geopolitics, their portfolio saw a development representing their resilience. DP World handled 71.2 million TEUs (twenty-foot equivalent units) across its global portfolio of container terminals in 2019, with gross container volumes flat year-on-year on a reported basis and up 1.0% on a like-for-like basis.

DP World boosts presence in EU

DP World, Dubai-based port and terminal operator, commenced a strategic partnership with Switzerland’s container terminal operator, Swissterminal Holding AG, which will come into force in January 23. Specifically, in the partnership DP World will take a 44% stake in the Swissterminal Holding AG with the Mayer family — that founded the business — remaining the majority shareholder.

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