Business, Freight News, Sea

DP World decides to delist

[ February 28, 2020   //   ]

Drewry Shipping Consultants Limited recently report that DP World has recently announced its intention to delist from Nasdaq Dubai citing the board’s decision that the disadvantages of remaining listed outweigh the advantages. Even though Drewry executives share the company’s view, they state that they believe the decision to delist will further deteriorate its already higher leverage. “Moving forward, a lot will depends on the company’s ability to generate significant synergies from the recently concluded bolt-on acquisitions,” Drewry says.