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 […]
By admin Added: February 20, 2019
Category: Company in Focus, Latest News, New Products, News, Shipping, Transport
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 […]
By admin Added: February 18, 2019
Category: Company in Focus, Latest News, New Products, News, Shipping, Transport
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 […]
By admin Added: February 17, 2019
Category: Company in Focus, Latest News, New Products, News, Ports, Transport
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 […]
By admin Added: February 6, 2019
Category: Company in Focus, Latest News, New Products, News, Ports, Transport
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 […]
By admin Added: January 31, 2019
Category: Company in Focus, Events, Latest News, New Products, News, Ports, Shipping, Transport
DP WORLD CHAIRMAN & CEO SAYS PARTNERSHIPS KEY IN AFRICA The key to African economic emergence lies in removal of barriers, increased connectivity between nations and infrastructure development, DP World’s Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, told African leaders and top executives in Dakar Senegal. “We be believe in the viability […]
By admin Added: January 20, 2019
Category: Company in Focus, Latest News, New Products, News, Shipping, Transport
DP WORLD ACQUIRES LEADING PORTS IN PUERTO CENTRAL (SAN ANTONIO) AND PUERTO LIRQUEN (REGION VIII) IN CHILE Key multi-purpose gateway terminals for Chile’s global trade: Global trade enabler DP World today announces that it has entered into an agreement to acquire 71.3% stake in Puertos y Logistica S.A. (“Pulogsa”) from Minera Valparaiso and other shareholders associated […]
By admin Added: January 13, 2019
Category: Company in Focus, Latest News, New Products, News, Ports
With Bahri as strategic partner, Saudi Maritime Congress forum to catalyze country’s ‘Vision 2030’ goals Saudi Arabia’s maritime sector is set to receive a much-needed boost with a generous allocation of SAR 33 billion (USD 8.8 billion) for the energy, industry, mining and logistics sectors in its recently announced budget for 2019. In fact, the […]
By admin Added: January 6, 2019
Category: Company in Focus, Latest News, New Products, News, Ports, Shipping
US $3 billion invested in acquisitions and expansions tailored to widen global footprint with an eye on future trade solutions Global trade enabler DP World deepened its engagement with revolutionary new technologies, diversified its global business portfolio through investments and acquisitions worth US $3 billion and extended meaningful support to environmental initiatives around the world […]
By admin Added: January 2, 2019
Category: Company in Focus, Latest News, New Products, News, Shipping, Transport
Saudi Airlines Cargo Company transported 400 tons of equipment and supplies for the international event Cirque du soleil by four B747-400 freighter flights recently, from Zagreb, Croatia to the Saudi Capital Riyadh, where the event is taking place from Dec 17-29. Saudia Cargo’s CEO, Omar Talal Hariri, said that the moment the company received the […]
By admin Added: December 23, 2018
Category: Air Cargo, Company in Focus, Latest News, New Products, News, Reports, Road, Transport
