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Tag Archives: DP WORLD

DP World renews Black Sea Port concession

DP World Constanta, a subsidiary of the Dubai-headquartered global trade enabler DP World, has renewed its concession agreement allowing it to operate in the Romanian Black Sea port of Constanta for another 30 years, until 2049. DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem signed the agreement with …

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DP World sees heavy revenue growth

DP World announced today (March 14) strong financial results for the previous year. According to a statement, on a reported basis, revenue grew 19.8% and adjusted EBITDA increased 13.7% with adjusted EBITDA margin of 49.7%, delivering profit attributable to owners of the Company, before separately disclosed items, of $1,270 million, …

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Haldia Docks feels uncomfortable with upcoming new ports

Mamata Banerjee-led West Bengal government’s move last week to build two new ports in the eastern state, one on its own at Tajpur and the second through a partnership with Dubai’s DP World at Kulpi, will give exporters and importers alternate gateways to ship cargo without the problems associated with …

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DP World Europe makes a mega order to Kalmar

DP World selects again Kalmar in order to enhance four European container terminals. With a massive order of 63 Kalmar Hybrid Straddle Carriers, DP World plans to strongly equip its terminals. The order was booked in the first quarter of Cargotec and the most of the machines is expected to be …

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DP World to enable trade and economic growth in Kazakhstan

The potential of DP World investing in new infrastructure in Kazakhstan’s ports and logistics sectors was the focus of discussions between global trade enabler DP World’s Chairman and CEO Sultan Ahmed Bin Sulayem and Kazakhstan’s Prime Minister H.E. Askar Mamin in Astana today. This follows the signing of two framework …

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DP World calls for JNPT probe to be halted

NEW DELHI (Reuters) – Dubai’s DP World has asked an Indian court to halt an investigation into alleged antitrust violations at the country’s largest container port in Mumbai, saying the regulator was seeking excessive information, a court document seen by Reuters showed. The Competition Commission of India (CCI) last year …

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Kalmar partners with DP World

Kalmar, part of Cargotec, announces a further extension of its collaboration with world-leading global terminal operator DP World. A new fleet of Kalmar mobile equipment – 33 terminal tractors, three empty container handlers, three reachstackers and one forklift – will ensure safe and efficient operations at DP World’s new deep-water …

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DP World acquires P&O Ferries

DP World PLC announces the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322mn (USD421mn), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x. P&O Ferries is a pan-European integrated logistics business consisting of a market leading roll-on roll-off …

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Cochin: Authorities may ferry containers on train, ships due to strike

COCHIN: As the strike of trailer truck operators continues, Cochin Port Trust (CPT) and DP World, the operator of International Container Transshipment Terminal (ICTT), have almost decided to move containers through railroad and coastal shipping routes. Owners of trailer trucks are protesting against imposing toll at Ponnarimangalam toll plaza by …

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DP World delivers growth despite global uncertainty

DP World handled 71.4 million TEU across its global portfolio of container terminals in the full year of 2018. Dubai, UAE Tuesday 5 February 2019 – DP World handled 71.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2018, with gross container …

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