DP World’s vision of a cargo carrying hyperloop has moved a step closer from pipe dream to reality with the launch DP World Cargospeed.

Following recent reports that shipping lines Pacific International Lines (PIL) and CMA CGM are in talks with Djibouti to develop ports in Doraleh, port operator DP World has come out with a public statement asserting that its rights to operate the Doraleh Container Terminal (DCT) remain in force.

DP World has won a 30-year concession with an option of a further 20-year extension for the management and development of a greenfield multi-purpose port project at Banana, Democratic Republic of the Congo (DRC). The Port of Banana will be the first deep-sea port in the country along its small coastline of 37 kilometres, which currently only has the riverine port of Matadi.

DP World has acquired one of the largest logistics agencies in Latin America, Peru’s Cosmos Agencia Maritima (CAM) for $315.7m.

Just weeks after DP World accused the Government of Djibouti of illegally seizing control of the Doraleh Container Terminal a new contract has been signed with Singapore's Pacific International Lines (PIL).

DP World has signed an agreement with the Suez Canal Authority and the Suez Canal Economic Zone (SCZone) to implement the first phase of development of an integrated industrial and residential zone in Sokhna, Egypt.

DP World has strongly responded as it accused the Government of Djibouti of illegally seizing control of the Doraleh Container Terminal from its operating unit there.

DP World’s worldwide container volumes grew 10.1% to 70.1m teu in 2017 outstripping forecast market growth as a whole.

DP World is looking to build its digital operations globally through the use of Oracle Cloud Applications.

Emirates Maritime Arbitration Centre (EMAC) is exploring collaboration with terminal operator DP World, as seeks to engage major players in the regional maritime business.

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