Another day, another container terminal concession for global port operator DP World.
DP World is on the march again, this time to Taiwan where it has vowed to help Kaohsiung Port regain some of its former glory.
DP World’s gross container volumes grew 2.5% to 31.4m teu in the first half of the year, driven by the robust performance its European and Indian subcontinent terminals.
DP World chief Sultan Ahmed Bin Sulayem rang the market opening bell at Nasdaq Dubai on Monday then moved swiftly to dampen alarm bells surrounding the company’s London terminal in light of Britain’s unexpected vote to leave the European Union.
The maritime sector has been identified as one of six key pillars in a new ‘Dubai Industrial Strategy’ (DIS) designed to pump AED160bn ($43.5bn) into the emirate's economy and generate 27,000 new jobs by 2030.
An audience with Kazakhstan President Nursultan Nazarbayev has underscored DP World’s increasing influence in the emergence of the world’s largest landlocked country as a pivotal player on the “New Silk Road”.
DP World chairman and ceo Sultan Ahmed Bin Sulayem has urged governments in emerging markets along China’s planned One Belt One Road (OBOR) to take advantage of the initiative.
DP World has launched a new education scheme to engage 8-14 year olds in ports, trade and logistics.