DP World has acquired an additional 23.94% stake in Pusan Newport Company Limited (PNC) in South Korea from Samsung Corporation & Subsidiaries.
DP World and a Canadian pension fund are teaming up on a $3.7bn investment platform for the sector.
China’s One Belt One Road (OBOR) initiative will remain just that unless countries set to benefit from the revival of the ‘Old Silk Way’ innovate, collaborate and commit cold, hard cash.
DP World chief Sultan Ahmed Bin Sulayem was granted an audience with the President of Mozambique on the sidelines of an economic summit in the Southern African nation after being invited to deliver the keynote address.
As containerships get bigger, the ports they call at could actually shrink. If it sounds like some sort of warped pipedream, that's because it remains exactly that.
DP World’s gross container volumes grew 2.2% to 47.5m teu during the first nine months of 2016 on the back of the “robust” performance of its European and Indian subcontinent terminals.
DP World has established another strategic foothold on the Black Sea after group chairman and ceo Sultan Ahmed Bin Sulayem was granted an audience with key Ukrainian diplomats including President Petro Poroshenko.
DP World has become a “significant investor” in Hyperloop One and had its leader Sultan Ahmed Bin Sulayem elected to the futuristic US transportation company’s board of directors.
Senegalese President Macky Sall has been briefed on DP World’s plans to make reality Dakar’s “potential to develop into West Africa’s leading logistics hub and trade gateway”.