DP World moves further ahead into vertical integration

DP World (DPW) has acquired Transworld Group’s three business units - Transworld Feeders FZCO (Middle East focus feedering business), Avana Logistek Ltd (including its subsidiary Avana Global FZCO - non-vessel operating common carrier (NVOCC) Middle East business) and Transworld Feeders Pvt Ltd (the containerised Indian coastal and EXIM feeder shipping operations of Shreyas Shipping and Logistics Ltd, excluding vessels and bulk operations). The deal was made via Unifeeder (through its Indian ... [+]

DP World Joins with TradeLens

DP World has completed the early stages of integration with TradeLens a blockchain-based digital container logistics platform, jointly developed by A.P. Moller - Maersk and IBM. The collaboration between DP World and the TradeLens platform will help accelerate the digitization of global supply chains. DP World aims to connect ... [+]

DP World decides to delist

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 ... [+]

DP World to operate ports along Russia’s Northern Sea Route

An agreement has been struck by which DP World will run ports that Russia plans to build along the northern sea route (NSR) in the Arctic to shorten shipping times between the east and west. The Russian Direct Investment Fund, an investment fund of the Russian Federation, which is making the ... [+]

DP World Announces Closing of Continental Warehousing Corporation (India) Transaction

Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF), announced on July 18 that the transaction to acquire 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd in India has now closed. CWCNSL’s founders, the Reddy family, will retain the ... [+]

Development of Economic Zone in Sokhna, Egypt

Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, signed a partnership agreement on November 7 to develop an integrated industrial and residential zone at Sokhna in Egypt, in the ... [+]

DP World has a Vision for Jeddah, Saudi Arabia

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of global trade enabler DP World, recently unveiled plans to develop Saudi Arabia’s Jeddah port in support of the Saudi Vision 2030 recently launched by HRH Crown Prince Mohammed bin Salman bin Abdulaziz. Mr. Bin Sulayem was speaking at the Future Investment Initiative ... [+]

CN: Port of Prince Rupert container terminal a model of supply chain collaboration and a true success story

CN joined its supply chain partners, the Port of Prince Rupert and DP World, in marking the 10th anniversary of the Fairview Container Terminal and celebrating the facility's expansion on August 29. The city of Prince Rupert was built for Canadian trade and the container terminal unlocked so much of the port's untapped potential," said Luc Jobin, ... [+]

DP World and Suez Canal Economic Zone establish a joint development company

DP World announced on August 9 the establishment of a joint development company with the General Authority for the Suez Canal Economic Zone in Egypt. The new venture will develop projects in the Suez Canal Zone, reports the Dubai Media Office. The announcement of the joint company came during Egyptian President Abdel-Fattah ... [+]

No Go Qatar

DP World announces that Qatar-flag vessels calling or departing from Qatar can no longer call at DP World terminals in the UAE until further notice. Major ports in Egypt, the UAE, Saudi Arabia and Bahrain also remain closed to some ships after those nations announced a transport ban on June ... [+]

advert 3