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Monthly Archives: May 2016

DP World reports low throughput growth

The additional 2m teu capacity at Jebel Ali is set to be delivered in mid-2016

Dubai-based port operator DP World has reported a 2.4% increase in its like-for-like container handling volumes across its terminals for the first quarter of 2016. The company handled 15m teu in the first three months of 2016, up 3.7% on a reported basis, while its consolidated terminals handled a total of 7.2m teu, a like-for-like drop of 0.4% and an ... Read More »

European Commission approves CMA CGM’s proposed acquisition of NOL

French shipping company CMA CGM has announced that the European Commission approved its pending acquisition of the Singapore-based shipping company Neptune Orient Lines (NOL). The proposed acquisition, which was notified to the European Commission on March 8, was cleared following a Phase 1 review under the condition of NOL’s exit from the G6 shipping alliance. Both parties already committed to ... Read More »