The day Cyprus Transport, Communications and Works Minister Marios Demetriades, was telling Seatrade Maritime News the privatisation of Limassol port is seen as a "reflection of the improvement in the country's economy and how it is viewed as...
Global port operator DP World has improved its 2015 financial results on higher container volumes moved, amidst uncertain market conditions.
Following the group’s buyout of Southampton Port, DP World has introduced a new consolidated management structure for its UK operations, headed up by Chris Lewis, currently md of DP World Southampton.
DP World has inked a series of civil construction contracts for its new Container Terminal 4 which will add 4.1m teu in capacity to the largest port in the Middle East.
DP World reports that chairman Sultan Bin Sulayem has agreed to take on the role of Group ceo as well, replacing Mohammed Sharaf who announced his retirement from the role late last month.
In a surprise development, DP World has announced that long-time ceo, Mohammed Sharaf, has “retired” from the Dubai-headquartered ports company.
Dubai-based port group DP World has launched a joint venture with the Russian Direct Investment Fund (RDIF) dubbed DP World Russia, to invest a total of $2bn in upgrading the country’s ports.
Expanding in Africa DP World has been granted a concession to develop and operate a new $35m logistics complex in Rwanda.
Jebel Ali’s $850m Terminal 3, which started operations in November 2014, is setting new standards for semi-automation and efficiency.