DP World to buy South Africa’s Imperial Logistics

Dubai-based port and transport operator DP World has made an offer to buy 100% of South African-owned international logistics firm Imperial. It says that its offer of ZAR66 per share is a premium of 39.5% on the current share price.The transaction is subject to Imperial shareholder approval and other customary completion conditions, including regulatory approvals.DP World said the move would help it to expand its logistics footprint in Africa and ... [+]

DP World partners with UNICEF to move Covid vaccine worldwide

DP World and UNICEF have set up a partnership to support the global distribution of COVID-19 vaccines and related supplies in low- and lower-middle-income countries. It will support the aid agency in procuring and supplying 2 billion doses and other supplies. The two partners will also collaborate on other global programs in ... [+]

World trade headed for rebound from Covid, says DP World study

Global trade has not been as badly damaged by the Covid pandemic as was first feared and will recover faster than from the 2008 financial crisis, says a new study by port and logistics operator DP World. Its inaugural 'Trade in Transition' report, Commissioned by DP World and conducted by the ... [+]

DP World poised to run Luanda terminal

DP World has been selected as the preferred bidder by the Government of Angola to operate the Multipurpose Terminal at the Port of Luanda. It plans to invest US$190 million over the 20-year period of the concession, rehabilitate existing infrastructure and acquire new equipment to bring operations in line with ... [+]

DP World to develop new port for Senegal

DP World has signed an agreement with the Government of Senegal to develop a deep water port at Ndayane, 50km from the existing port and near the Blaise Diagne international airport. It will eventually have over 3 km of quay and a 300ha container yard. DP World's concession for the ... [+]

Kazakhstan gains World Logistics Passport

The Republic of Kazakhstan has joined the World Logistics Passport (WLP) initiative to boost trading opportunities between developing markets. The memorandum of understanding was signed between Kazakhstan Minister of Trade and Integration, Bakhyt Sultanov and, Chairman of Dubai's Ports, Customs and Free Zone Corporation, Sultan Ahmed Bin Sulayem. The WLP ... [+]

Fixing the climate? We’ll give it a shot, says DP World

DP World together with Expo 2020 Dubai have become a Global Alliance Founding Partner of The Earthshot Prize. Established by Prince William, Eartshot aims to incentivise worldwide change with a decade of action to repair the planet. Taking inspiration from John F. Kennedy’s Moonshot, which united millions of people around ... [+]

Dubai to explore Israel freight links

DP World and Dubai Customs are to explore opportunities to develop trade links between Israel and the United Arab Emirates, following the signing of a series of memorandums of understanding (MoUs). The UAE, along with Bahrain, have recognised Israel, ending a decades-long boycott of the country. In a ceremony that would have ... [+]

Covid hits DP World volume

Global port operator DP World handled 33.9 million teu across its global container terminals in the first half of 2020, down 5.3% year-on-year on a reported basis and down 3.9% on a like-for-like basis. Jebel Ali in the UAE handled 6.7 million teu, down 6.8%% year-on-year, due to Covid-19 and ... [+]

New concept could slash port land costs

DP World has completed assembly of the world's first container High Bay Store system (HBS) at Jebel Ali Port which stacks containers up to eleven high. BoxBay is  a joint venture between the port operator and German industrial engineering specialist SMS Group. Real life test operations are due to start before ... [+]

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