Dp World Global News

DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar) to explore and implement renewable energy systems across its global port operations in the Middle East and Africa.The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World’s global supply chain.Over the course of the three-year partnership, DP World and Masdar will work together to identify optimal sites for the potential deployment of solar and energy storage systems…

Dubai-based port operator DP World announced it has completed the acquisition of Fraser Surrey Docks in Canada from Macquarie Infrastructure Partners (MIP) alongside its partner Caisse de dépôt et placement du Québec (CDPQ).The enabler of global trade said in a press release that said the acquisition complements its footprint in Canada, which also includes terminal operations in Vancouver, Nanaimo, Prince Rupert and St John’s, without disclosing the value of the purchase.The integrated coast-to-coast platform provides customers with bulk, breakbulk and general cargo services.DP World's global strategy is to become a trade enabler and solutions provider as the company looks to participate across a wider part of the supply chain.

Marine cargo handling company DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval."Bringing the TIS Container Terminal into DP World's global network of ports, economic zones, warehousing, and inland logistics solutions will strengthen its position as the market-leading terminal of Ukraine," said a press release from the global supply chain solutions company.The latest acquisition also complements the existing operations of DP World's P&O Maritime Services business through a joint venture with TIS Group…

Kalmar, part of Cargotec, has signed a contract with DP World Southampton to supply 12 hybrid straddle carriers for use at their container terminal, said a press release.The Southampton agreement also includes maintenance and operator training as well as six months of on-site maintenance support. The order was booked in Cargotec's 2018 third quarter order intake, and delivery is scheduled for Q2 of 2019. DP World Southampton is the UK port of choice for many global leaders in the container shipping industry. Thanks to its strategic location on the UK's south coast it is an ideal first or last port of call for container ships serving the Northern Europe-Far East trade routes.

Following last week annoucement of acquisition, Unifeeder Group has announced the signing of the agreed acquisition of Unifeeder by DP World.The largest Pan-European feeder and shortsea operator announced in a press release that it will benefit from DP World’s global scope, size and presence which in turn will enable Unifeeder’s brands to expand further and beyond present geographies and products.Unifeeder will continue to operate on a fully independent, multi-user basis under its current existing management, and expects to see additional growth as a consequence of the transaction. The well-known Unifeeder attributes of agility, flexibility…

DP World, one of the world's largest port operators, said on Tuesday it had acquired 100 percent of Unifeeder Group, a Danish logistics company, for 660 million euros ($762.6 million).The acquisition from Nordic Capital Fund VIII and certain minority shareholders will boost DP World's presence in the global supply chain and broaden its product offering to its customers, shipping lines and cargo owners, DP World said.Based in Aarhus, Denmark, Unifeeder operates a container feeder and a shortsea network in Europe, serving both deep-sea container hubs and the intra-Europe container freight market

An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed between the global trade enabler and the Zhejiang China Commodities City Group, providing further impetus to China’s Belt and Road Initiative.DP World will be building the ‘Traders Market’ within the Jebel Ali Free Zone Area located in Jafza South next to the Dubai Expo 2020 site.The market will include clusters of traders from all over the world, offering a wide range of products at one site. They will be divided by sector, ranging from household goods…

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), presented details of the recent agreement to develop an integrated industrial and residential zone at Sokhna in Egypt to investors and businesses in Dubai. The opportunities to invest and launch operations in the project were outlined to company representatives, many of whom already have existing outlets in Dubai’s Jebel Ali Freezone (Jafza). Sokhna World Zone will create a sustainable industrial area to attract foreign investment and will feature a range of investment incentives and encourage innovation using best international practice in the management of Special Economic Zones (SEZs)…

Admiral Mohab Mamish, Chairman of the Suez Canal Authority and Chairman of the Suez Canal Economic Zone (SCZone), and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, signed a partnership agreement to develop an integrated industrial and residential zone at Sokhna in Egypt, in the presence of Sherif Ismail, the Prime Minister of Egypt. The signing took place at a ceremony in Sharm el-Sheikh at the World Youth Forum. The agreement will establish a joint venture between SCZone (51%) and DP World (49%) with DP World managing the zone, which is projected to start in the first quarter of 2018. In line with the Egyptian government’s plans to develop the Suez Canal Corridor and the new administrative capital…

UAE ports operator DP World is to launch a crowdfunding project with Dubai Carbon Centre of Excellence to help retrofit warehouses in Dubai’s Mina Rashid port, National reported quoting a statement from Dubai Carbon. The agreement was signed by Nabil Battal, Global HSE Director of DP World and Ivano Iannelli, CEO, Dubai Carbon on October 23rd at the19th edition of Water, Energy, Technology and Environment Exhibition (WETEX), which runs on October 23rd at Dubai International Convention and Exhibition Centre (DICEC). DP World has teamed up with Dubai Carbon to launch the initiative, under which UAE residents will reap returns generated through installing solar energy at four industrial sheds.

DP World is prepared for the implementation of the new International Maritime Organisation (IMO) Safety of Life at Sea (SOLAS) regulation which comes into effect on 1 July, 2016. The new regulation mandates that shippers of goods must obtain the Verified Gross Mass (VGM) of laden export containers and communicate it to ocean carriers sufficiently in advance of the ship stowage planning. Ocean carriers and container terminal operators will be legally obliged to ensure that containers without a VGM are not loaded on to a ship in all 162 IMO member states that are required to enforce the new law. DP World’s global terminals will have certified weighing capabilities if this is permitted under the locally adapted implementation of the SOLAS regulation.

Global marine terminal operator DP World today announced strong financial results from its global portfolio of marine terminals for the twelve months ended 31 December 2014. increased 16.0%, delivering profit attributable to owners of the Company, before separately  disclosed items2 , of $675 million, up 25.1% on a like-for-like basis, and EPS of 81.4 US cents.  Cash from operating activities amounted to $1,486 million up from $1,299 million in 2013. DP World Chairman, Sultan Ahmed Bin Sulayem commented, “DP World is pleased to announce another set of strong financial results, with double digit top line growth translating into like-for-like attributable earnings growth of over 25%.