UAE-based oil and gas logistics leader Tristar Group has signed firm contracts for six new build 25,000 MT DWT, IMO Type 2 Oil and Chemical Tankers with South Korea’s premier shipbuilder, Hyundai Mipo Dockyard. The vessels will be delivered between the middle of May 2020 till the first week of January 2021. The vessels have […]
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New Quester designed to extend uptime and provide MEENA fleet customers with a higher return on investment. UD Trucks unveiled the New Quester in the Middle East, East and North Africa (MEENA). This new version of the brand’s well-established heavy-duty truck introduces a range of enhancements that will enable logistics companies across the region […]
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As part of its efforts to increase engagement with startups and small and medium enterprises (SMEs) amid rising trends on the ‘gig economy’ worldwide, Dubai South, Dubai’s integrated city and flagship urban project, continues to build new initiatives that support businesses in Dubai to maintain its global attraction as a magnet for foreign investors. The […]
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DP WORLD RECOGNISED FOR EXCELLENCE IN IMPLEMENTATION OF UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS Global trade enabler DP World’s Global Education Programme (GEP) for 8 – 14-year-olds features as a case study in the latest UAE Sustainable Development Goals (SDG) report. This programme is being implemented across DP World’s international network of 40 countries and […]
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Almajdouie Logistics is delighted to inform that the Dubai Chamber of Commerce and Industry has honoured us with the Mohammed Bin Rashid Al Maktoum (MRM) Business Innovation Award for our commitment to ingenuity and continuous improvement. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman of Emirates Group, and Chief […]
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DP World PLC announces the acquisition of the holding company of P&O Ferries and P&O Ferrymasters (together P&O Ferries) for a purchase consideration of GBP322mn (USD421mn¹), implying a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x. P&O Ferries is a pan-European integrated logistics business consisting of a market leading roll-on roll-off (Ro-Ro) ferries operation and a […]
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Panalpina’s board of directors has confirmed that they are in the preliminary stage of discussion with Kuwait-based Agility Group on strategic opportunities with regard to their respective logistics businesses. Panalpina, a Switzerland-based holding company engaged in the transportation sector, is in talks with Agility, but is still reviewing an approach by Denmark’s DSV, the company […]
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Project adds 60 percent more water to local distribution system Global trade enabler DP World has recently launched a new water distribution center that increased the water supply in Berbera, Somaliland, by 6o percent. The $1 million project started in 2018 and includes four water wells, two shallow pools, two water troughs, a concrete reservoir […]
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DP World handled 71.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2018, with gross container volumes growing by 1.9% year-on-year on a reported basis and 2.9% on a like-for-like[1] basis Gross volumes were stable in 4Q2018 despite softer volumes in the UAE and the tough […]
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Shipping agents for general cargo to be honoured for electronic services adoption Dubai Trade, the smart trade solution provider in Dubai and a subsidiary of DP World, announced that its 11th E-Services Excellence Award (ESEA) will feature three new categories including two for re-exporters announced by Dubai Exports, the export promotion agency of the Department […]
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