DP World continues to expand its business footprint acquiring Topaz Energy and Marine, a major player in the offshore marine space.

The High Bay Storage (HBS) container terminal concept could not only make terminal operations easier but also help speed up hinterland supply chains, DP World director of global operations Patrick Bol told delegates at the TOC Container Supply Chain event in Rotterdam this week.

DP World has seen its home base box volumes in the UAE plunged by 8.8% year-on-year in the first quarter, dragging down its overall volumes across its global portfolio of container terminals.

DP World’s new deepwater terminal being built at Posorja, Ecuador has purchased a new fleet of Kalmar mobile equipment.

The Dubai Maritime City Authority (DMCA) has released a list of all the technology and innovation initiatives that it has undertaken over the past year, as part of its ongoing efforts to make the city a competitive and attractive maritime cluster in line with the aims of Dubai Plan 2021 for economic development of the Emirate.

Terminal operator DP World saw container volume growth slip to 1.9% last year to handle 71.4m teu, with throughput at its home base in the UAE declining.

The removal of trade barriers is key to improving economic development in Africa, according to DP World, which has reaffirmed its commitment to infrastructure investments in Africa.

Dubai-based DP World said on Sunday it had agreed to acquire a 71.3% stake in Chile’s Puertos y Logistica (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group.

DP World announced it has achieved growth in diverse fields for its global business portfolio through investments and acquisitions worth $3bn and extended support to environmental initiatives across the globe during 2018.

DP World is introducing a world’s first intelligent high bay container storing system touted as the disruptive technology that will radically improve operations.

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