Tag: DP World

The Dubai-based Saudi Ports Authority (MAWANI) and port operator DP World launched the first direct shipping line connecting UAE’s Jebel Ali Port in Dubai with Egypt’s Sokhna Port through Jeddah Islamic Port.

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.

DP World has won a further legal hearing against the Government of Djibouti regarding the Doraleh Container Terminal. A Tribunal of the London Court of International Arbitration ordered Djibouti to restore the rights and benefits under the 2006 Concession Agreement to DP World and Doraleh Container Terminal SA within two months, or pay damages.

The Maritime Union of Australia (MUA) informs that two hundred wharfies have stopped work for 24 hours at the Dubai Ports container terminal in Fremantle, accusing the company of failing to bargain in good faith as negotiations for a new workplace agreement drag on for more than 15 months.

CMA CGM and DP World launch a joint initiative provided with a contract to expand their box facilities at the port of Le Havre in northern France, under the signed 34-year agreement, which enables the partners to operate at the port.