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Tag Archives: DP World

First distribution centre at London Gateway Logistics Park opened

HE Sultan Ahmed Bin Sulayem, chairman of DP World and Robert Goodwill MP, parliamentary under-secretary of state for transport, opened the facility

The formal opening of London Gateway Logistic Park’s first distribution centre was held yesterday (20 July). The first phase of this high tech unit, which comprises 16,800 sq. m (180,000 sq. ft) of distribution and logistics space and 2,400 sq. m (25,000 sq. ft) of office space, has been finished to BREEAM “very good” standard, the world’s foremost environmental assessment ... Read More »

Details of Port of Melbourne privatisation plan announced

The Port of Melbourne is being fought over in the State parliament
Credit: David Wallace

The Government of the State of Victoria in Australia has released details of the plan to privatise the Port of Melbourne, which will be voted on by the state parliament. The bill specifies that the port will be leased to private interests for 50 years and that the government expects to raise AU$5bn (US$3.85bn) to AU$6bn (US$4.63bn). Under the proposals, ... Read More »

DP World seeks to challenge 750% rent hike at Port of Melbourne

An independent valuer will handle the rent dispute at the Port of Melbourne

DP World plans to apply to Australia’s National Competition Commission (NCC), hoping to tackle the proposed rent increase of more than 750% at the container terminal it operates in Melbourne. Paul Scurrah, the CEO of the Dubai-based company’s Australian business, confirmed that the firm aims to introduce the Australian Competition and Consumer Commission (ACCC) as the arbitrator of future fee ... Read More »

DP World announces purchase of Fairview Container Terminal

Fairview has a capacity of 850,000 teu currently

Dubai-based terminal operator DP World has announced that it will purchase Maher Terminals’ Fairview Container Terminal in Prince Rupert, Canada. The total payment is C$580m (US$457m) on a cash-free, debt-free basis and the deal is subject to Canadian regulatory approvals. It is expected to be finalised in the second half of 2015. The concession period runs to 2034 with an ... Read More »

Container volumes, revenue and profit all up for DP World

DP World is expanding Jebel Ali this year

Terminal operator DP World performed strongly in 2014 increasing its total container throughput by 8.7%, which contributed to healthy revenue and profit growth. Annual results figures released on Thursday revealed that consolidated throughput volume rose from 26.1m teu year-on-year to 28.3m teu, with most of the growth coming from the Middle East, Europe and Africa region. Revenue increased by 11.3% ... Read More »

DP World faces huge rent increase at the Port of Melbourne

The Port of Melbourne have proposed a huge rent increase

The Port of Melbourne Corporation has notified DP World Australia that it wants to increase rent at the West Swanson terminal it operates by over 750%. DP World’s rent would rise from AU$4m (US$3m) a year in 2014 to AU$31m (US$24m)  a year from 1 January 2015 and AU$60m (US$47m) from 1 July 2016. It was notified of the increase on ... Read More »

DP World and Qingdao Port Group sign cooperation agreement

Terminal operators DP World and Qingdao Port Group have signed a strategic framework agreement on port co-operation. The agreement builds on existing collaboration and aims to enhance dialogue between the Port of Qingdao in China and DP World’s ports in Dubai, namely Jebel Ali and Mina Rashid. Under the framework agreement the two operators, who are already joint venture partners, ... Read More »

London Gateway wins new services

London Gateway has just celebrated its first anniversary

DP World’s London Gateway celebrated its first anniversary last week with the news that it has expanded its network of shipping links and destinations, winning a series of new deep-sea container shipping services. Mediterranean Shipping Company (MSC) has confirmed that from December, its service from South Africa to UK/Northwest Europe will make a direct call at the Thames terminal, marking ... Read More »

DP World looks to acquire Jebel Ali Free Zone and delist from London Stock Exchange

Dubai-based terminal operator DP World Limited (DP World) and its wholly owned subsidiary, DP World FZE, has entered into an agreement relating to the proposed acquisition of Economic Zones World FZE (EZW), its subsidiaries and subsidiary undertakings from Port and Free Zone World FZE (PFZW). The company said the deal is worth US$2.6bn. EZW is a provider of industrial and ... Read More »

DP World reports 9.0% like-for-like Q3 volume growth

DP World handled 44.8m teu across its global portfolio of container terminals during the first nine months of 2014, with gross container volumes growing by 9% on a like-for-like basis.  On a reported basis gross container volumes grew by 10.1%, with new volume at London Gateway (UK) and Embraport (Brazil) contributing to the increase. Growth for the nine month period was ... Read More »