Freight News, Sea

DP World to take Ukraine stake

[ February 13, 2020   //   ]

DP World has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to conditions, including regulatory approval. It said the acquisition also complements the existing operations of DP World’s P&O Maritime Services business through a joint venture with TIS Group, providing tugging, pilotage and other marine services in several Ukrainian ports.