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.

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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Strike hits Callao port

Port workers have begun an “indefinite” strike at the general cargo facility in Callao, Peru operated by APM Terminals (APMT).

The International Transport Workers’ Federation (ITF) has voiced its support for the strike by Peruvian union SUTRAMPORC. According to a statement from SUTRAMPORC secretary Geraldo Honores, the union has gone on strike because APMT “has […]

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ITF docker unions pledge support for Peruvian colleagues

Dockworkers seek union recognition, collective bargaining for safer workplaces and an end to discrimination at Callao, the largest port in Peru.

ITF dockers’ section representatives meeting in Perth, Australia, have backed the ITF-affiilated Peruvian SUTRAMPORPC union as it prepares to begin an indefinite strike at APM Terminals’ North Pier terminal in Callao, Peru tomorrow.

[…]

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DP World to acquire Canadian container terminal

DP World Limited has agreement to acquire Maher Terminal’s Fairview Container Terminal (Fairview) in Prince Rupert, British Columbia, Canada from Deutsche Bank.

Fairview is a purpose built terminal with a sea-rail link and has a current capacity of 850,000 TEU (twenty-foot equivalent container units), with a just-announced phase two expansion that will take capacity to […]

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DP World in $6bn Australian port sale standoff

Special laws to sell the Port of Melbourne will be introduced into the Australian Victoria Parliament after DP World initiated legal action to stall the sale of the port.

The Australian government expects to collect an estimated $5-$6 billion from the long-term lease of the port, and has promised to use the money to pay […]

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Dubai piers abuzz as Iranian deal fuels hopes of new trade boom

From Bloomberg News:

[S]hips’ crews were upbeat as last week’s accord over the Islamic Republic’s nuclear program brought the lifting of sanctions and the return to unfettered commerce one step closer. Few places are better located to benefit than the United Arab Emirates, Iran’s second-biggest trading partner after China since 2009, data compiled by […]

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DP World to purchase Fairview Terminal in Prince Rupert for $580 million, examine further expansion

Excerpts from The Northern View:

A company owned by the government of Dubai is set to purchase Fairview Terminal from Deutsche Bank for $580 million.

DP World Ltd. announced today its intention to purchase the operations, with the transaction and expected to be complete in the second half of this year.

The agreement is subject […]

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Expanding capacity, bigger ships to test European ports this year

The first big event of the year will be the February rollout of the world’s first fully automated container terminal in Rotterdam, which threatens to unleash a rate war across the Le Havre-Hamburg range as carriers leverage the added capacity to beat down handling charges.

Europe’s ports face a rocky ride in 2015, dominated […]

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DP World to invest up to $1.9 billion this year

Dubai-based DP World plans to nearly double its investments this year as the world’s fourth-largest port operator increases its capacity by more than 14 per cent.

Chairman Sultan Ahmed bin Sulayem said there are plans to spend between $1.4bn and $1.9bn in 2015, compared with $1bn last year. The operator will invest between $500mn and […]

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Conciliation ahead in DP World dispute

DP World and the Maritime Union of Australia (MUA) have entered a second week of strikes and lockouts at each of the stevedoring company’s four terminals in Australia.

“This is a perfect opportunity for Mr Abbott to confound expectations and stand with Australian workers against a foreign-owned employer trying to remove their penalty rates,” MUA […]

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