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).
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.
The first ever UK to China export train has departed from DP World London Gateway’s rail terminal in South Essex, with containers full of British goods.
DP World’s chairman and ceo has met with President of Panama, Juan Carlos Varela to explore logistics and industrial parks and other opportunities related to the Panama Canal expansion.