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INFRASTRUCTURAL DEVELOPMENT - SEAPORTS & SHIPPING

DP World achieves 10% rise in container traffic amid downturn

Posted on 26/10/2011

Ports operator DP World yesterday said it has achieved a ten per cent increase in container volume during the third quarter and expects full-year profit to be in line with expectations. The Dubai World-owned company said it handled gross volumes of 14.4 million TEU (twenty-foot equivalent units) in the third quarter of 2011, marking a ten per cent rise over the corresponding period last year. "While uncertainty continues to affect the global economy, our business continues to perform ...  >>MORE

DP World has no plan to sell assets

Posted on 25/10/2011

DP World, the world's third largest port operator, has no plans to dispose its assets to bolster revenues and profits in 2011, its top official said. "We have no plans to sell DP World's assets in 2011,” DP World chief executive Mohammed Sharaf told Khaleej Times on the sidelines of London Gateway launch project in London. He said the company has sufficient finances to fund its expansion projects and boost its global port handling capacity from 67 million twenty-foot equivalent units, or ...  >>MORE

DP World opens community station in Djibouti

Posted on 11/10/2011

DP World, a leading marine terminal operator, has joined hands with its partners to open a solar-powered community station at Djibouti in the Horn of Africa. The upgraded SafeTStop facility is located at PK 12, a community of 25,000 people close to DP World's container terminal in Doraleh strategically located along the busy corridor through which more than 800 trucks transit every day. It is one of 23 terminals operated by DP World's project partners, Family Health International (FHI) and ...  >>MORE

DP World sticks with Egypt plans

Posted on 06/10/2011

London - DP World plans to increase the capacity of Sokhna port in Egypt by nearly half this year, says the company's chief executive. The expansion of Sokhna is a vote of confidence in the port after recent labour strikes. "It will be the end of this year … We will go from 700,000 twenty-foot equivalent container units to 1 million TEU," said Mohammed Sharaf, the chief executive of DP World. "Sokhna has all the right components of a successful port." Sokhna, which is near the southern ...  >>MORE

US$1b more for DP World's London project

Posted on 05/10/2011

London - DP World, the world's third largest port operator, has said it will invest another US$1 billion (Dh3.67 billion) in the London Gateway project over the next three years, which will create 36,000 jobs. DP World's London Gateway, Britain's new global port and logistics centre project, is set to open in the fourth quarter of 2013 with an initial capacity of 1.6 million TEU (twenty-foot-equivalent units) and is built to accommodate the world's largest container ships. The total cost will ...  >>MORE

Abu Dhabi Terminals, Dalosy Industrial Systems sign contract for Khalifa Port

Posted on 26/09/2011

Abu Dhabi Terminals (ADT) and Dalosy Industrial Systems (DIS) signed a contract for the delivery of the Gate Control System for Khalifa Port at the TOC Container Supply Chain Middle East Conference '&' Exhibition in Dubai this morning. The container terminal at Khalifa Port is scheduled for opening in 4th quarter 2012. It will be the region's first semi-automated facility, and includes a fully automated gate process that ensures truck turnaround time significantly faster than seen today. ...  >>MORE

DP World increases capacity at Jebel Ali Port to 15 million TEU

Posted on 26/09/2011

DP World announced yesterday the construction of a 400 metre quay extension at its flagship Jebel Ali Port, increasing the capacity at the facility by 1 million TEU to 15 million TEU. The expansion, expected to be concluded by the end of 2012, will extend the quay at Jebel Ali Container Terminal 2 to 3,000 metres. This will permit Jebel Ali to handle up to six vessels of 15000 TEU simultaneously, hence improving efficiencies and reducing turnaround times. Mohammed Al Muallem, Senior Vice ...  >>MORE

Dubai Maritime City Authority spearheads joint effort with maritime stakeholders to establish professional bunker standard in UAE

Posted on 22/09/2011

Dubai Maritime City Authority (DMCA), the government entity in-charge of regulating and supervising all aspects of the maritime sector in Dubai, has announced that it is leading a new initiative that seeks to establish a professional bunkering standard in the UAE. DMCA has further revealed that it has gathered key stakeholders in the UAE bunkering industry, including maritime bunker regulatory licensing bodies, ship owners, operators, charterers, bunker suppliers, bunker craft operators, and ...  >>MORE

DP World Chairman welcomes UK trade and investment minister at Jebel Ali Port

Posted on 21/09/2011

Cooperation and ongoing projects were at the centre of talks on September 19 between DP World Chairman Sultan Ahmed Bin Sulayem and UK Minister for Trade and Investment, Lord Stephen Green, at the company's Head Office in Jebel Ali. Lord Green, who is currently on an official visit to the UAE, toured the Jebel Ali Port and free zone to learn about the skills and experience the company brings to the UK at its terminals in the new London Gateway Port and Logistics Park being constructed in ...  >>MORE

DP World well positioned despite global concerns: Moody’s

Posted on 08/09/2011

DP World's solid operational and financial results for H1 2011 show that its operations in emerging markets are generating at least 75 per cent of the group's revenues and will continue underpinning its strengthening credit fundamentals, said Moody's Investors Service. Despite the greater weight of emerging markets, DP World nevertheless maintains a solid footing in developed markets, with ports supporting logistics and trade activities in a number of western European locations. These ...  >>MORE

DP World launches 'Buy World' in partnership with Tejari Bravosolution

Posted on 05/09/2011

London - Global marine terminal operator, DP World, announced yesterday that it will be deploying BravoSolution's eSourcing platform globally over the next 24-36 months to help reduce operating costs and improve procurement operations. The implementation will be supported by Tejari, the leading B2B online marketplace in the Middle East and BravoSolution's strategic partner in the UAE. DP World's Head Office Procurement has instituted a ‘BUY World' programme which consists of corporate ...  >>MORE

SPCT, Vietnam becomes 37th DP World facility to earn ISO 28000 supply chain security certification

Posted on 05/09/2011

Ho Chi Minh City, Vietnam - As part of its commitment to implement independently audited international supply chain security standards across its entire portfolio of terminals, global marine terminal operator DP World announced yesterday that its Saigon Premier Container Terminal (SPCT) in Ho Chi Minh City, Vietnam, has successfully achieved the ISO 28000:2007 security management system certification. SPCT is the first terminal in Vietnam to be certified ISO28000 compliant. It was given the ...  >>MORE

Dubai Maritime City Authority completes repatriation of 21 crew members of stranded Korean oil tanker

Posted on 24/08/2011

Dubai Maritime City Authority (DMCA), the lead maritime government entity charged with regulating, coordinating and supervising the maritime sector in Dubai, has announced, together with the Dubai Port Police, that the successful repatriation of 21 crew members of the SAMHO JASPER, a Korean tanker that was idled in Dubai waters, was completed last week. SAMHO JASPER, which has been renamed GOLDEN LAKE, is now out of Dubai waters. DMCA successfully coordinated with the Port Police, the Harbour ...  >>MORE

Dubai Customs receives World Enterprise Architecture Award

Posted on 16/08/2011

Dubai Customs, for the first time in the Arab World, has won the World Enterprise Architecture Award in Transformation and 
Planning Category. The Award was granted at the annual Enterprise & IT Architecture World Summit which took place in Bangalore in India from July 27-28th 2011. Dubai Customs topped a group of leading international organisations from the USA, Holland, Britain, South Africa, India, Brazil and Singapore. Ahmed Butti, the Executive Chairman of Ports, Customs and Free ...  >>MORE

Dubai Maritime City operations double over half yearly mark

Posted on 09/08/2011

The Industrial District of Dubai Maritime City, the purpose-built enclosure for maritime related businesses, reported a two fold increase in number of operations from last year, at the half year mark of 2011. A total of 318 vessel docking and undocking operations were carried out till end of June 2011. The facility recently recorded 50 vessels berthed in its wet and dry berths in a single day. The District was officially opened earlier this year and accommodates 3000-tonne and 6000-tonne ...  >>MORE

Record container volumes at Mina Zayed in July 2011

Posted on 07/08/2011

Abu Dhabi Terminals (ADT) set a new container handling record for Mina Zayed as it loaded and discharged 69,211 TEU (Twenty foot Equivalent container Units) in the month of July 2011. Helped by the record month, ADT has now handled 408,642 TEU at the container terminal year-to-date. This amounts to an increase of 65% over the same period in 2010. Today, just about any commodity is transported in containers - from industrial products, over cattle feed and flat-screen TVs to bananas and frozen ...  >>MORE

DP World bond at record on rating bets, outlook

Posted on 02/08/2011

DP World Ltd's Islamic bonds rose to a record on optimism the world's fourth-largest port operator will receive a credit-rating upgrade from Standard & Poor's and after the company said it expects to outperform the industry. The yield on the 6.25 per cent sukuk maturing in July 2017 tumbled 33 basis points, or 0.33 percentage point, last week to 5.02 per cent, Bloomberg data show. The drop was the steepest among the 25 securities tracked by the HSBC/NASDAQ Dubai US Dollar Sukuk Index. ...  >>MORE

DP World delivers growth of 11 per cent handling 26.2 million TEU

Posted on 27/07/2011

DP World's global portfolio of container terminals has continued to build on the excellent start to 2011 with the momentum continuing into the second quarter. Gross volumes for the first six months of the year were 26.2 million TEU or 11% ahead of the prior year. This performance was driven by strong growth in the Asia Pacific, UAE, Africa and Americas regions, as well as new volumes from recently opened capacity in Callao, Peru and Qingdao, China. Like for like gross volume growth was 10%, ...  >>MORE

DP World launches pilot project to harness solar power at Nhava Sheva terminal

Posted on 25/07/2011

As part of its continued commitment to environment and energy conservation, global marine terminal operator DP World has inaugurated a pilot solar power system at its busiest Indian facility, Nhava Sheva, which will allow the Mumbai terminal to harness solar energy for its energy requirements. With the aim of reducing greenhouse gas emissions, including carbon dioxide, the pilot solar power system will reduce the terminal's annual power consumption by around 14,000 kWh (kilowatts per hour). ...  >>MORE

DP World expands into Suriname in South America

Posted on 21/07/2011

Dubai Ports World said yesterday it has bought controlling stakes in two seaport companies in Suriname on the northeast coast of South America, extending its presence in South America. It added it has acquired an interest in Integra Port Services, which controls rights for a cargo terminal in the capital Paramaribo's Nieuwe Haven Port. Nieuwe Haven terminal handles origin and destination cargo for Suriname. The terminal currently has a container throughput capacity in excess of 100,000 TEU ...  >>MORE

UAE national becomes LNG ship captain

Posted on 14/07/2011

ADNATCO '&' NGSCO, the shipping arm of ADNOC and its Group of Companies, yesterday announced that one of its UAE National cadets has progressed to the rank of a Captain in its LNG fleet. Captain Saif Al Muhairi, the second UAE National to advance through the company's successful Cadetship Program to become a Master Mariner, took full command of the LNG vessel Mubaraz as she sailed from Das Island to Higashi Terminal, Tokyo, according to the compay's press release. Congratulating Captain Al ...  >>MORE

Hamdan bin Mubarak confirms importance of ports and airports to support national economy

Posted on 21/06/2011

Sheikh Hamdan bin Mubarak Al Nahyan, Minister of Public Works, President of the Higher Committee of UAE Civil Seaports and Airports Security has confirmed that the vision and guidelines of the UAE's wise leadership have empowered seaports and airports of the country to achieve the highest levels of quality and security and support national economy through their commitment to implement agreements and international laws as well as national requirements. While presiding over the committee's ...  >>MORE

Jebel Ali Port handles simultaneous visits by mega ships

Posted on 08/06/2011

For the second time in a week, global marine terminal operator DP World welcomed and simultaneously handled two mega container vessels at its flagship Jebel Ali Port, reinforcing its relentless efforts and capability to continuously meet customers' demands. The ships, MSC Beatrice and MSC Lauren, sailed in within 10 hours of each other, barely a week after the MSC Daniella and the MSC Bettina. All the four vessels are owned by Geneva-based Mediterranean Shipping Company (MSC) and, at 366 ...  >>MORE

Hamdan bin Mubarak hails international success of UAE seaports, airports

Posted on 05/06/2011

Sheikh Hamdan bin Mubarak Al Nahyan, Minster of Public Works, Chairman of the Higher Committee for UAE Civil Seaports and Airports Security, said the vision of UAE leadership to develop the UAE seaports and airports was behind the country's international success in the transport and trade. He added that the strategies of competitiveness and work environment development adopted by the UAE were based on transparency, citing that those strategies stem from UAE's respect to the laws and ...  >>MORE

DP World listed on London Stock Exchange

Posted on 02/06/2011

DP World, the global ports operator, announced that was listed on the London Stock Exchange (LSE) yesterday. DP World becomes the first Dubai company to obtain a premium London listing. "DP World Limited is pleased to announce that all of its 830 million ordinary shares have today been admitted to the official list of the UK Listing Authority and to trading on the LSE's main market for listed securities," an official statement from DP World said. The company does not aim to increase its ...  >>MORE

DP World publishes prospectus in connection with its application to join the official list of the London Stock Exchange

Posted on 26/05/2011

DP World Limited ('DP World' or 'the Company'), one of the largest marine terminal operators in the world, is pleased to announce that it has published its Prospectus containing details of the admission of Ordinary Shares to listing on the Official List and to trading on the main market of the London Stock Exchange. It is anticipated that, subject to the approval of the UK Listing Authority, the first day of trading will be Wednesday 1 June 2011, according to DP's press release. DP World ...  >>MORE

DP World share consolidation completed

Posted on 22/05/2011

DP World, one of the largest marine terminal operators in the world, has successfully completed a 1 for 20 share consolidation for all shareholders on the register prior to the commencement of trading. For shareholders with fractional entitlements, those fractions have been sold in the market and the cash proceeds from the sale will be returned to shareholders in the same way dividends are distributed via NIN accounts. DP World is encouraging shareholders to check with their brokers or NIN ...  >>MORE

DP World close to London listing

Posted on 12/05/2011

DP World Limited, the world's third-largest port operator, said it received on Wednesday shareholders' approval to undertake a 1-for-20 share consolidation prior to listing its shares on the London Stock Exchange this month or early June. The container port operator made the announcement as it reported that its consolidated terminals handled 6.8 million twenty-foot equivalent container unit, or TEU, in the first quarter, up 8.5 per cent from the prior year. "We remain on track to list on ...  >>MORE

DP World for great leap on to London exchange

Posted on 02/05/2011

The Dubai company will be the first UAE-incorporated entity to have its shares traded on an overseas market, providing an opportunity for international financiers to demonstrate what they think of Dubai as an investment hub. It is also a big global step forward for a company that has always been central to the emirate's development. Dubai's explosive economic growth had its origins in the decision in the late 1970s to expand port facilities at Mina Rashid and Jebel Ali, from which DP World ...  >>MORE

DP World to sell remaining stake in P&O Trans Australia for Dh409m

Posted on 19/04/2011

DP World said yesterday it has agreed to sell its remaining shareholding in P&O Trans Australia (Pota) to Qube Logistics for A$106 million (Dh408.73 million), as the ports operator further trims back its Australian operations. The sale price includes the purchase of DP World's shares and related loans and the transaction is expected to be completed by the end of this month, DP World said in a brief statement posted on the Nasdaq Dubai website. Qube, in a separate statement, said it will own ...  >>MORE

Jebel Ali Port wins award for best seaport

Posted on 10/04/2011

DP World's flagship Jebel Ali Port has won the Golden Award for Best Seaport Overall from the Higher Committee for UAE Civil Seaports and Airports Security. The award was presented by Sultan Bin Saeed Al Mansouri, Minister of Economy, to Mohammad Al Muallem, Senior Vice-President and Managing Director, DP World, UAE Region last week in Abu Dhabi. The award, the highest recognition in the UAE for civil maritime security, cited Jebel Ali Port for its committed adherence to national security ...  >>MORE

DP World Board proposes 1 for 20 share consolidation

Posted on 07/04/2011

The Board of DP World Limited intends to seek shareholder approval at the Annual General Meeting on 11 May 2011 to undertake a 1 for 20 share consolidation. The free float will remain at 19.55%. The Board believes that undertaking a 1 for 20 share consolidation will better position DP World's share price alongside global companies with an earnings per share ratio that better reflects the value of the company. Subject to shareholder approval at the AGM on 11 May 2011, holders of the ...  >>MORE

ADPC signs MoU with JadeWeserPort Logistics Zone GmbH '&' Co

Posted on 06/04/2011

Abu Dhabi Ports Company has signed a Memorandum of Understanding (MoU) with JadeWaserPort Logistics Zone for bilateral cooperation between the UAE and Germany. This includes the activities concerning specific industries, Aluminium, Engineered Metals, Steel, Chemical and Petrochemical, Pharmaceutical and education as well as marketing/ distribution each in connection with the industries involved. The Parties will support each other whenever possible, says ADPC in a statement. Commenting on ...  >>MORE

New wave of developments across Abu Dhabi's Western region ports

Posted on 30/03/2011

Abu Dhabi Ports Company (ADPC) has unveiled a wave of new developments in commercial ports situated in the Western (Al Gharbia) region. The planned improvements and enhancements are part of ADPC's mandate of being a leader in the development of world class ports across the Emirate of Abu Dhabi. The announcement of the new wave of developments aimed at diversifying the capital's economy contributing to its Vision 2030 was made at the ADPC-hosted World Ports and Trade Summit. ADPC has ...  >>MORE

Khalifa Port crane contracts total Dh707m in three months

Posted on 30/03/2011

The Shanghai-based company ZPMC (Shanghai Zhenhua Heavy Industries Co. Ltd) has been awarded a Dh193 million (US$52.4 million) contract for six Super Post Panamax Ship to Shore Container Cranes for Khalifa Port, Abu Dhabi Ports Company (ADPC) announced. The announcement came as ADPC hosts the Abu Dhabi World Ports and Trade Summit at ADNEC (Abu Dhabi National Exhibitions Centre) this week. This brings the value of crane contracts awarded by ADPC for Khalifa Port since November 2010 to Dh707 ...  >>MORE

UAE set to boost foreign trade competitiveness: Lubna Al Qasimi

Posted on 29/03/2011

The UAE will leverage its trade advantage competitiveness to reach new markets in areas such as Latin America, Africa and Middle Asia within the coming months, while reinforcing its existing ties with important trade partners especially in maritime logistics and trade, said UAE Foreign Trade Minister Sheikha Lubna Al Qasimi. "The UAE in particular offers many advantages as an international port of call, as it is home to one of the world's top 10 container ports and is located just hours ...  >>MORE

UAE has zero tolerance for software piracy

Posted on 29/03/2011

The UAE Ministry of Economy (MoE) on Monday launched an intensified software anti-piracy campaign targeting the UAE's business sector. The campaign also aims to promote greater awareness about the country's intellectual property rights (IPR) laws and to educate the public about the legal implications of using and selling pirated software. The campaign will run during March and April, wherein the MoE, Adobe and the Business Software Alliance (BSA) will pool together their resources to conduct ...  >>MORE

Abu Dhabi Ports Company and Virginia Port Authority sign transatlantic partnership

Posted on 29/03/2011

Abu Dhabi Ports Company (ADPC) announced yesterday a knowledge sharing partnership agreement with the Virginia Port Authority, USA. Tawfeeq Yousof Al Mubarak, Executive Vice President of Ports, ADPC, and Russell Held, Deputy Executive Director - Development, VPA signed the Memorandum of Understanding (MoU) at the World Ports and Trade Summit (WPTS) being held at the Abu Dhabi National Exhibition Centre (ADNEC) this week by. Held is also speaking at a seminar entitled "Cargo handling and ...  >>MORE

Fujairah booms as alternative to Hormuz

Posted on 27/03/2011

With Asia's economic growth taking off and gobbling up more and more oil, eager sellers in the Gulf have been more than willing to fill up tankers from Asia passing through the Strait of Hormuz. But with recent developments in the Gulf, tankers are wary of passing through the narrow straits into Gulf waters. This has opened up a lucrative opportunity for a once-sleepy fishing village to transform itself into one of the world's top tanker refuelling and oil storage hubs. "Fujairah is the ...  >>MORE

DP World result keeps London listing in sight

Posted on 24/03/2011

Ports operator DP World made a net profit of US$450 million (Dh1.6 billion) in 2010, the company said yesterday. DP World, a unit of the state-backed conglomerate Dubai World, said the 35 per cent jump in profits from US$333 million in 2009 was due to increased trading volumes and improved terminal efficiencies. Revenues for the year grew nine per cent to US$3.1 billion, up from US$2.8 billion in 2009. Consolidated throughput was up nine per cent to 27.8 million TEU (twenty-foot equivalent ...  >>MORE

Argentinean President inaugurates new DP World cruise terminal in Buenos Aires

Posted on 20/03/2011

Buenos Aires - South America's largest and most modern cruise terminal, Quinquela Martin, developed and operated by global port operator DP World, was has been inaugurated by the President of Argentina, Cristina Fernandez de Kirchner, together with Sultan Ahmed Bin Sulayem, Chairman, DP World. The ultra-modern new cruise terminal complex, located in DP World's Terminales Rio de la Plata (TRP), is spread over 12,300 sq m, and has capacity to handle 600,000 passengers a year. The new cruise ...  >>MORE

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Quick List

DP World achieves 10% rise in container traffic amid downturn


DP World has no plan to sell assets


DP World opens community station in Djibouti


DP World sticks with Egypt plans


US$1b more for DP World's London project


Abu Dhabi Terminals, Dalosy Industrial Systems sign contract for Khalifa Port


DP World increases capacity at Jebel Ali Port to 15 million TEU


Dubai Maritime City Authority spearheads joint effort with maritime stakeholders to establish professional bunker standard in UAE


DP World Chairman welcomes UK trade and investment minister at Jebel Ali Port


DP World well positioned despite global concerns: Moody’s


DP World launches 'Buy World' in partnership with Tejari Bravosolution


SPCT, Vietnam becomes 37th DP World facility to earn ISO 28000 supply chain security certification


Dubai Maritime City Authority completes repatriation of 21 crew members of stranded Korean oil tanker


Dubai Customs receives World Enterprise Architecture Award


Dubai Maritime City operations double over half yearly mark


Record container volumes at Mina Zayed in July 2011


DP World bond at record on rating bets, outlook


DP World delivers growth of 11 per cent handling 26.2 million TEU


DP World launches pilot project to harness solar power at Nhava Sheva terminal


DP World expands into Suriname in South America


UAE national becomes LNG ship captain


Hamdan bin Mubarak confirms importance of ports and airports to support national economy


Jebel Ali Port handles simultaneous visits by mega ships


Hamdan bin Mubarak hails international success of UAE seaports, airports


DP World listed on London Stock Exchange


DP World publishes prospectus in connection with its application to join the official list of the London Stock Exchange


DP World share consolidation completed


DP World close to London listing


DP World for great leap on to London exchange


DP World to sell remaining stake in P&O Trans Australia for Dh409m


Jebel Ali Port wins award for best seaport


DP World Board proposes 1 for 20 share consolidation


ADPC signs MoU with JadeWeserPort Logistics Zone GmbH '&' Co


New wave of developments across Abu Dhabi's Western region ports


Khalifa Port crane contracts total Dh707m in three months


UAE set to boost foreign trade competitiveness: Lubna Al Qasimi


UAE has zero tolerance for software piracy


Abu Dhabi Ports Company and Virginia Port Authority sign transatlantic partnership


Fujairah booms as alternative to Hormuz


DP World result keeps London listing in sight


Argentinean President inaugurates new DP World cruise terminal in Buenos Aires