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