Agreement will grant P&O Ports rights to operate Novi Sad for an initial 25 years with an option to renew for another 25 years
The terminal served three vessels in a recent two week period, managing an average Gross Crane Rate (GCR) of 38 moves per hour and a high of 52 moves per hour.
DP World won the tender for the long-term concession of the Constanta Container Terminal in November 2003 and started operating it in 2004.
Port operator claims new service offers fastest transit times and lowest service costs for delivery north of Al Barsha, as well as end-to-end connectivity across UAE
Over nearly 25 years, Fred Castonguay has held several international positions in terminal operations.
The GCC region has the potential to become a global trade hub, and to do this port operators and other stakeholders in logistics need to collaborate says Rayan Mustafa Qutub, CEO, King Abdullah Port.
The revenue growth was driven by containerised volume growth across all three regions and the impact of new acquisitions including Drydocks World LLC (Drydocks), Dubai Maritime City (DMC) and Cosmos Agencia Marítima (CAM), the company said in a statement.
At a consolidated level, DP World’s terminals handled 18.6 million TEU in H1, a 4 percent increase on a reported basis and a 4.5 percent year-on-year increase on a like-for-like basis.
DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP).
DP World has launched an internship programme for Emiratis studying abroad at the Annual UAE Student Forum in Washington DC.
First of 84 new STS automated gantry cranes arrive with retrofitted equipment servicing global shipping alliances.
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