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.
Abu Dhabi Ports has ordered three new tug boats during the Sea Trade Offshore Marine & Workboats Middle East 2017 (SOMWE).
UAE port operator DP World is developing major port and logistics hubs in West and North Africa as it seeks to tap into burgeoning trade between the Middle East and the continent.
Tanzania International Container Terminal Services (TICTS) set a new monthly throughput record in August 2017.
DP World is pulling out of Indonesia due to contract renewal terms offered by the Indonesian authorities that “did not meet [DP World’s] threshold for continued investment”.
Gulftainer’s Flemming Dalgaard named industry CEO of the Year at CEO Middle East Awards 2017.
The maiden call of the CMA CGM Virginia marks yet another milestone for Gulftainer and Khorfakkan Container Terminal.
Despite on-going issues in the maritime industry and the continued lull in global oil prices, SOHAR container volumes in Q2 of 2017 grew by 11% from the same quarter last year.