3.2 C
Hamburg
Tuesday, January 19, 2021
Home News DP World buys Ukranian container terminal

DP World buys Ukranian container terminal

DP World has agreed to acquire a majority 51% stake in the TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval.

The Dubai based company says the acquisition complements the existing operations of DP World's P&O Maritime Services business through a joint venture with TIS Group, providing tugging, pilotage and other marine services in several Ukrainian ports.

The Ukrainian container market grew over 20% in 2019, and TIS Container Terminal has one of the most efficient railway connections in the region to major Ukrainian cities, supporting trade flows to the hinterland, DP World statement says.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: "Our goal is to build the industry's leading data-driven supply chain solutions through our global portfolio, creating opportunities for our customers to realise game-changing value and accelerate their cargo deployments."

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Hapag-Lloyd extra loader eases India disruption

Hapag-Lloyd has announced it will implement additional services to ease the build-up of containers in India and also to improve the challenging situation at...

Nokia and Kalmar extend terminal automation partnership

Kalmar and Nokia will expand their ongoing collaboration to provide new solutions for ports and intermodal terminal operators seeking to automate operations and achieve...

Maersk says mobilise military in defence of Gulf of Guinea shipping

A spate of attacks in the Gulf of Guinea region off the coast of West Africa, the latest, last week’s double attack on the...

APM Terminals Japan appoints first female MD

APM Terminals (APMT) has appointed Sakura Kuma as the managing director of the company's Japan business, effective from 1 February, with the aim of...

CMA CGM revises Europe charges

CMA CGM has announced it will increase its freight of all kinds (FAK) rates as from 1 February 2021 (date of loading in the...