Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Union dockers: ‘Greedy global company DP World is trying to take over our jobs’

Linesmen at Ausport Marine who are also Maritime Union of Australia members are worried that terminal operator and stevedore DP World Australia will take over the linesman’s job function, which would affect 250 linesmen, reported Lloyd’s List Australia.

From an article titled ‘MUA linesmen members worried about stevedore job-threat ‘ in Lloyd’s List Australia:

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ILWU supports dockers at DP World London Gateway

Union-busting has many forms, and at DP World’s new terminal at the port of London Gateway, dockworkers’ 3-year campaign for union representation has been full of roadblocks by the Dubai-based employer. Now at a critical juncture, longshore workers around the world are encouraged to send messages of support and help London dockers secure a […]

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Port Operator DP World of Dubai Announces $883M 2015 Profit

Port operator DP World on Thursday announced profits of $883 million attributable to its owners for 2015, up 30.7 percent from the year before buoyed by its purchase of the Dubai government-linked free-trade zone operator Economic Zones World.

In its results, DP World said its full-year revenues for 2015 were $3.9 billion, up 16.3 percent […]

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Court rejects claims that DP World bribed former Djibouti ports’ head

The London Commercial Court has dismissed the allegations made by the Republic of Djibouti that the former head of its port authority was bribed by DP World and negotiated secret shareholdings over the construction and development of a port and freezone complex at Doraleh.

The country’s government accused Abdourahman Boreh of having accepted bribes by […]

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DP World sees 5.1% Middle East terminal growth this year

Middle East ports will grow at 5.1% in 2015, bucking global trends and higher than the 4% growth in Chinese ports, and 2% overall global growth for 2015, the UAE’s top port official said this week.

He added that GCC ports were resilient, serving economies driven by high consumption and robust industry, and “future ready”.

[…]

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West coast Latin America ports expand amid fierce competition

As more terminal capacity comes online and volume remains muted, port operators along South America’s west coast, principally in Peru and Chile, are expecting competition for cargo to be fierce in 2016.

“Considering the weak outlook for our industry in 2016 and beyond, and the injections of more port infrastructure in Chile’s fifth region (encompassing […]

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Dominican Republic transshipment hub expands

DP World transhipment hub, Dominican Republic

The DP World Caucedo transshipment hub in the Dominican Republic is moving forward with upgrades to accommodate the larger vessels that will be able to traverse the expanded Panama Canal next year and provide shippers with more warehouse capacity.

With a limited number of U.S. East Coast and […]

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DP World makes pact with Putin

Vladamir Putin and Ahmed bin Sulayem

DP World could be in line to invest more into Russia’s remote far eastern region after Sultan Ahmed bin Sulayem, Chairman of DP World met Russian president Vladimir Putin recently, where the president mandated the Deputy Prime Minister to remove investment obstacles in Russia and provide the appropriate investment […]

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North Europe container terminals struggling to meet handling demands of mega-boxships

The first 18,000 TEU ULC was only delivered in mid-2013 and there are now 35 on the water, and this number is set to swell to over 100 by 2019.

Container lines want 6,000 moves a day when handling an ultra-large containership (ULC), while stevedores see 3,500 moves a day as a maximum, according […]

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DP World Sees 22% Growth Boom

Global marine terminal operator DP World has announced strong financial results from its global portfolio of marine terminals for H1, 2015, ending at 30 June 2015, delivering profit attributable to owners of the company before separately disclosed items of US$405 million, up 21.9% compared to H1, 2014.

The company’s revenue reached $1.9 million, compared to […]

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DP World invests US$144 million to upgrade Port of Callao

DP World Callao announced it has completed a US$144 million disbursement aimed at improving maritime and land access to the Port of Callao in compliance with the Southern Dock terminal concession contract.

The port is now able to receive deep-sea vessels such as the Super Post Panamax type ones, which account for about 15% of […]

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ICTSI mulls move for cheaper rent deal at Port of Melbourne to match rivals

Melbourne’s newest stevedore, Victoria International Container Terminal, owned by Filipino company International Container Terminal Services Incorporated (ICTSI), is considering pushing for changes to its rental agreement at the Port of Melbourne after rival DP World secured a cheaper long-term deal.

The rent VICT committed to pay to the port is believed to be more than […]

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DP World stocks surge after Iran nuclear deal reached

DP World stocks surge ahead following the announcement from Iran and western nations that a nuclear deal has been reached.

DP World, which trades on the NASDAQ Dubai exchange, surged 6.5% to Wednesday to close at US $23.65 on expectations that the lifting of US and EU sanctions on Iran will significantly benefit the company.

[…]

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ZPMC clinches $700m port machinery order from DP World

Shanghai Zhenhua Heavy Industries (ZPMC) has won a USD700 million order from DP World to supply port machineries for the company’s automated container terminal in Dubai.

The order mainly covers quay cranes and rail cranes, which are scheduled to be delivered in phases within three years, a statement of ZPMC said.

The order is the […]

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DP World may invest up to US $1bn in Iranian ports

Dubai’s DP World has sent a delegation to Iran to asses investment opportunities potentially reaching US $1-billion.

Iran, once sanctions are dropped, will offer a unique transit corridor linking Russia and Central Asia to the subcontinent and the Arabian Gulf. Its large size and stability in comparison to Iraq and Syria also makes it a […]

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