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Tag Archives: DP World

Historic: Dubai’s DP World to partner with Israeli firm in bid for Haifa Port

A container is unloaded from a cargo ship at the port of the northern city of Haifa

REUTERS, SEPTEMBER 16, 2020 JERUSALEM/DUBAI (Reuters) – Dubai’s DP World is partnering with an Israeli group to bid for one of Israel’s two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday. The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to …

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DP World adds $4.5 Billion to its war chest to make Port investments

Container cranes at port. Trucks. DP World signage

BLOOMBERG, SEPTEMBER 3, 2020 Money will be used to target new regions, including Europe | Joint venture’s earlier $3.7 billion investment goal reached By Aaron Kirchfeld for Bloomberg – DP World and Caisse de Depot et Placement du Quebec have agreed to invest an additional $4.5 billion in their global portfolio of port terminals. The Dubai-based ports operator and Canadian pension fund manager announced …

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Dubai’s DP World “prepares for worst” as COVID-19 impact looms

Container Terminal. Trucks. DP world sign

PortandTerminal.com, June 21, 2020 DUBAI – The giant Dubai-based ports operator DP World is “preparing for the worst” in the months ahead, as coronavirus inflicts the heaviest blow on global trade since World War II. However, the firm which runs port and logistics operations in 54 countries is still hungry for revenue-generating acquisitions, its chairman Sultan Ahmed bin Sulayem told …

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Some companies don’t care about the Arctic. We’re going to start calling them out

If any CMA CGM or Hapag-Lloyd managers are reading this, we would like to offer you one month’s free advertising on PortandTerminal.com as our small way of saying thank you for your courage. DP World? It’s going to cost you triple. PortandTerminal.com, October 6, 2019 MOSCOW – While some major shipping companies are outspokenly refusing to ship cargo through the …

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DP World to Build New Billion Dollar Asian Port

PortandTerminal.com, July 25, 2019 DP World said Wednesday it has reached an agreement to create a $1.2 billion container and industrial logistics port in East Java with the Indonesian conglomerate Maspion. GRESIK, EAST JAVA, INDONESIA – The new terminal is to be located just a few miles from a container port DP World had operated until this spring. The Maspion International Container …

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DP World moves north with Russia

PortandTerminal.com, June 7, 2019 The developers of the Northern Sea Route have teamed up with DP World to run ports that Russia plans to build along the northern sea route in the Arctic. In the past decade melting ice-sheets have opened up previously inaccessible Arctic shipping lanes. That has created an opportunity for Russia to disrupt the traditional Suez Canal …

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DP World buys Canadian terminal Fraser Surrey Docks

PortandTerminal.com, May 9, 2019 DP World announced on Thursday it has agreed to buy Canadian marine terminal Fraser Surrey Docks from the Macquarie Group fund The purchase consideration is below 2.5 per cent of DP World’s net asset value as of December 31, 2018, the port operator said, which Reuters calculated to be under $300m. The marine terminal is being …

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“There is little opportunity for profit in US ports sector”, DP World

Photo: DP World chairman Sultan Bin Sulayem

PortandTerminal.com, March 27, 2019 DP World is still interested in port and logistics acquisitions in the United States but has not yet found an opportunity for profit in that market, according to chairman Sultan Bin Sulayem. “As far as the United States, there’s nothing to stop us from going there, but we haven’t found an opportunity that is profitable,” he …

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