DP World recorded a 3.7% increase in global container volumes handled in Q1 2016, to 15.5m teu, however, it saw a 5.9% drop in its home base in the UAE.
DP World and its local subsidiary P&O Maritime Cypus have formally signed concession agreements at the Port of Limassol, covering 25-year operation of the port's multipurpose terminal and 15-year provision of associated towage and pilotage...
The global container shipping trade has entered a ‘new normal’ marked by slowing demand growth and lower freight rate environment, as well as lingering excess capacity and ongoing consolidation.
DP World group chairman and ceo Ahmed Bin Sulayem has met with Giorgi Kvirikashvili, prime minister of Georgia, to explore the likelihood of future economic cooperation.
DP World-operated Chennai Container Terminal has partnered with Continental Shipping Line to introduce a new Yangon-Colombo (YCC) feeder service.