DP World along with DoverTower shake their hands in order to jointly bid to privatize Haifa Port on the Mediterranean, as Reuters reported.
DP World could make a bid to Israel Shipyards, in order to take over operations of the previously government-owned port of Haifa.
Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) expand their ports and terminals in a new commitment of $4.5 billion.
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.
World Security recently launched the first autonomous security surveillance boat in the Middle East, in an effort to boost security and surveillance at Jebel Ali Port.
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.
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.
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 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, 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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