Wednesday 20 September 2017
 
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shipping

DP World H1 revenues grow 9.6pc to $2.29bn

Dubai-based DP World, a global shipping terminal operator, today announced a revenue of $2.295 billion for the first half of 2017, a growth of 9.6 per cent on reported and 3 per cent on like-for-like basis compared to H1 2016. &nb

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Indian shipping body issues new rules for LNG vessels

Indian Register of Shipping (IRClass), an independent ship classification society providing ship classification and certification, has released a new set of rules for LNG (liquefied natural gas) fuelled coastal and inland vessels in addition to

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Travel could be 'the solution to reviving brick and mortar retail'

Travellers could be the saving grace for high street, or brick and mortar retail, with the launch of a new peer-to-peer shipping platform - AirWayBill. High street has experienced its toughest decade to date. With multiple outlets

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P&O Ports wins 30-year concession for Somalia port

Dubai-based P&O Ports, a leading shipping and ports services provider, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia.  The appr

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P&O Ports wins $336m deal to develop Somalia port

Dubai-based P&O Ports, a leading shipping and ports services provider, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso in the Puntland State of Somalia.  The appr

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Mideast’s container shipping trade up 5pc

The container shipping trade, despite the global dips, saw the strongest – but still contracting –growth in the Indian subcontinent and Middle East regions at 5.1 per cent, according to a recent report. However, the gl

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DP World net income tops $1 billion

Dubai-based global marine terminal operator DP World has announced strong financial results from its global portfolio for the 12 months ending 31 December 2016, which saw the company achieve net income of over $1 billion for the first time.

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Agility profit up 10.6pc to 193m

Agility, a leading global logistics provider, reported a net profit of KD59.1 million ($193.15 million) for 2016, an increase of 10.6 per cent over the same period in 2015. Revenue for the year stood at KD1.234 billion and EBITDA

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Shipping alliance chooses DP World's UK ports for key routes

Global container shipping consortium ‘The Alliance’ has announced that all of its mainline UK calls will be handled by DP World, the Dubai-based global ports and logistics services company. The consortium of container

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StanChart closes 3 shipping deals worth $1.6bn

Standard Chartered Bank, a leading multinational banking and financial services company, has completed three shipping finance deals worth over $1.6 billion, for clients in Asia and the Middle East. These transactions highlight Sta

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