DP World announces the signing of the acquisition of 100% of the Unifeeder Group (“Unifeeder”)1 for €660 million2 from Nordic Capital Fund VIII and certain minority shareholders.
Global trade enabler DP World has signed a 20-year concession with an automatic 20-year extension with the Republic of Mali to build and operate a 1000-hectare modern logistics hub outside of Bamako, the capital and largest city of Mali.
An agreement to jointly construct a new ‘Traders Market’ at DP World’s flagship Jebel Ali Port and Free Zone in Dubai on a total build up area of three million square metres has been signed.
DP World Cargospeed is a new global company created through a partnership between global trade enabler DP World and Virgin Hyperloop One, to provide hyperloop-enabled cargo systems to support the fast, sustainable and efficient delivery of palletised cargo.
HIPL announces the acquisition of a 90% stake in Continental Warehousing Corporation (NhavaSeva) Ltd (CWCNSL), an integrated multimodal logistics player in India.
Australia’s largest stevedore, DP World Australia will take delivery of four new ZPMC quayside container cranes next month, for its Brisbane, Sydney and Melbourne terminals.
DP World Limited handled 70.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2017, with gross container volumes growing by 10.1% year-on-year on a reported basis and 9.7% on a like-for-like1 basis, ahead of Drewry Maritime’s global container throughput growth estimate2 of 6.0% for 2017.
DP World and India’s NIIF announce the creation of an investment platform to invest in ports, terminals, transportation and logistics businesses in India.
Growing global trade opportunities, diversifying its business across the supply chain and exploring smart innovation technologies were key strands of DP World’s operations in 2017.
DP World Limited handled 52.3 million TEU across its global portfolio of container terminals in the first nine months of 2017.