Wednesday 23 July 2014
 
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port operator

DP World plans $1bn convertible bond

DP World plans to raise $1 billion with a convertible bond issue of 10 years duration on Thursday to fund growth opportunities and diversify its funding sources, the Dubai-based ports operator said in a statement. The issue is a r

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Dubai's DP World in talks for $3bn loan

Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and cut the interest rate, seeking to take advantage of investors' renewed confidence in the emirat

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Gulftainer eyes $500m Russia, Asia buys

Gulftainer Company, the United Arab Emirates' second largest ports operator, has set up a $500 million fund with Russian partners as it eyes more acquisitions in Russia, the Gulf and Asia, its vice chairman said on Monday. The ports operat

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Credit Suisse raises DP World to outperform

DP World, the world's third-largest port operator, is set to benefit in the long term from its presence in regions that have been less hit by the economic downturn and from investments in its existing and new facilities, Credit Suisse said.

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DP World sells stake in UK container services firm

DP World, the world's third-largest port operator, sold its 34 per cent stake in UK-based Tilbury Container Services for $75.48 million, it said in a statement on Thursday. The port operator sold the stake in the deep-sea container ser

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DP World plans quay extension

Leading port operator DP World said it plans to construct a 400 metre quay extension at its flagship Jebel Ali Port aimed at boosting the capacity at its facility by one million TEUs (twenty-foot equivalent container units) to

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Credit Suisse downgrades DP World

Credit Suisse downgraded DP World  to "neutral" from outperform as it sees trade growth slowing down for the port operator in the second half. "Some weakness in global trade seems unavoidable according to the recent leading indicators

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DP World rolls out “Beat the Heat” campaign

Leading port operator DP World, has launched a “Beat the Heat” campaign at all its UAE facilities, detailing practical ways to safeguard against the dangers of prolonged heat and sun exposure. “Beat the Heat” consists of two “Fitness

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DP World rolls out “Beat the Heat” campaign

Leading port operator DP World, has launched a “Beat the Heat” campaign at all its UAE facilities, detailing practical ways to safeguard against the dangers of prolonged heat and sun exposure. “Beat the Heat” consists of two “Fitness

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DP World LSE listing may prompt stake sale

DP World's planned dual listing on the London Stock Exchange may prompt a stake sale by majority shareholder Dubai World, a report by investment bank J P Morgan said. State-owned conglomerate Dubai World owns 80 per cent of the port op

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