Tuesday, May 20, 2025
  • Advertise With Us
Container Management
  • Home / News
  • Archive
  • About Us
    • About Container Management
    • The Team
    • Privacy Policy
  • Free Weekly Newsletter
  • Subscribe
    • Container Management Subscriptions
    • Request a Free Copy of Container Management
    • World Top Container Ports & Map
  • Advertising
  • Contact Us
  • Login
  • Register
No Result
View All Result

No products in the cart.

Container Management

DP World reins in expenditure

January 30, 2009
in Uncategorized
0 0
Share on FacebookShare on Twitter

The world’s fourth largest container port operator, with 48 container facilities and 13 new port developments in 31 countries worldwide, has blamed the global downturn in container volumes for the need to impose cost cutting measures that include a freeze on recruitment and tighter controls on expenditure such as travel.

Announcing the preliminary result for 2008, which he described as “another solid year of growth”, chief executive, Mohammed Sharaf, added, “The container terminal industry has reported increasingly challenging conditions during 2008, which have worsened during the fourth quarter.”

Whilst remaining confident of the long-term prospects for the industry and DP World’s strong competitive positioning, Sharaf cautioned, “We expect these conditions to remain for the foreseeable future. With this in mind, we have implemented a strategy to focus on minimising the impact on margins and preserving cash, which includes reducing costs and taking a prudent approach to our working capital position.”

You need a free subscription to read the entire article.

Login if you have already subscribed.

Subscribe

Subscribe for FREE and gain access to all our content.
More than 5000+ articles.

Subscribe Now
Previous Post

Tacoma volumes reflect global economic conditions

Next Post

PTP remains number one in Malaysia

Related Posts

HHLA container throughput up by 6% in first quarter
News

HHLA container throughput up by 6% in first quarter

May 19, 2025
BIMCO elects new president
News

BIMCO elects new president

May 19, 2025
Port of Antwerp-Bruges showcases autonomous and electric shuttle at Medrepair terminal
News

Port of Antwerp-Bruges showcases autonomous and electric shuttle at Medrepair terminal

May 16, 2025
Marko Tulokas appointed as Konecranes president and CEO
News

Marko Tulokas appointed as Konecranes president and CEO

May 16, 2025
Logistical bottlenecks threaten the competitiveness of Brazilian agribusiness, MTX Logistics says
News

Logistical bottlenecks threaten the competitiveness of Brazilian agribusiness, MTX Logistics says

May 15, 2025
DP World launches US$760m Port of Caucedo and Free Trade Zone expansion project
News

DP World launches US$760m Port of Caucedo and Free Trade Zone expansion project

May 15, 2025
Next Post

Deutsche Bahn acquires PCC Logistics of Poland

Other News

HHLA container throughput up by 6% in first quarter

HHLA container throughput up by 6% in first quarter

May 19, 2025
BIMCO elects new president

BIMCO elects new president

May 19, 2025
Port of Antwerp-Bruges showcases autonomous and electric shuttle at Medrepair terminal

Port of Antwerp-Bruges showcases autonomous and electric shuttle at Medrepair terminal

May 16, 2025
Marko Tulokas appointed as Konecranes president and CEO

Marko Tulokas appointed as Konecranes president and CEO

May 16, 2025
Logistical bottlenecks threaten the competitiveness of Brazilian agribusiness, MTX Logistics says

Logistical bottlenecks threaten the competitiveness of Brazilian agribusiness, MTX Logistics says

May 15, 2025
DP World launches US$760m Port of Caucedo and Free Trade Zone expansion project

DP World launches US$760m Port of Caucedo and Free Trade Zone expansion project

May 15, 2025

BROWSE BY TOPICS

2014 APM Terminals business China CMA CGM container containers container terminal DP World dredging Drewry elementum Europe expansion government Hamburg Hamburg Süd ICTSI ilwu India infrastructure intermodal investment Kalmar Konecranes Long Beach Los Angeles Maersk Manila Navis news Port ports privatisation Russia ship shipping strike terminal throughput UASC United States US USA West Coast

Search Container Management

No Result
View All Result

Twitter Feed

Container Management

Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.

Follow us:

Latest News

HHLA container throughput up by 6% in first quarter

HHLA container throughput up by 6% in first quarter

May 19, 2025
BIMCO elects new president

BIMCO elects new president

May 19, 2025
Port of Antwerp-Bruges showcases autonomous and electric shuttle at Medrepair terminal

Port of Antwerp-Bruges showcases autonomous and electric shuttle at Medrepair terminal

May 16, 2025

Twitter

Newsletter Sign Up

  • About Us
  • Advertise
  • Contact Us

© 2022 Container Management - Website Design by WillcoxMedia.

No Result
View All Result
  • Home / News
  • Archive
  • About Us
    • About Container Management
    • The Team
    • Privacy Policy
  • Free Weekly Newsletter
  • Subscribe
    • Container Management Subscriptions
    • Request a Free Copy of Container Management
    • World Top Container Ports & Map
  • Advertising
  • Contact Us

© 2022 Container Management - Website Design by WillcoxMedia.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
sponsored
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkPrivacy policy