Global container terminal operator DP World reported 8.2% volume growth in the first half of the year with the help of gains from new shipping alliances.
Global ports player DP World has signed an agreement to advise on the development of the Kuala Tanjung greenfield port and logistics zone and Belawan port in North Sumatra, Indonesia.
DP World Australia has signed an agreement with Cosco Shipping Lines to be their stevedore on their services in Australia calling at terminals in Brisbane, Sydney and Melbourne.
DP World has inked a memorandum of understanding (MOU) with renewable energy firm Masdar to collaborate on clean energy solutions for the port operator’s portfolio of ports and freezones in the Middle East and Africa.
Dubai-headquartered P&O Maritime, a subsidiary of DP World, has acquired fellow marine services operator Reyser (Remolques y Servicios Maritimos) of Spain from Bergé y Cía for a sum said to be less than 5% of the group’s net asset value ($475m).
Ten port workers were injured when a CMA CGM container vessel collided with a quay crane at Jebel Ali Port, causing it to collapse.
UAE’s DP World and India’s National Investment and Infrastructure Fund (NIIF) have signed a memorandum of understanding (MOU) to develop the logistics sector in India.
DP World Limited handled 16.4mn teu across its global portfolio of container terminals in the first quarter of 2017, with gross container volumes growing by 5.7% year-on-year on a reported basis.
Dubai's giant new Container Terminal 4 at Jebel Ali is rapidly taking shape, but is unlikely to launch until 2018, according to Alphaliner.