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DP World not to renew contract for Indonesia terminal

DP World Limited, a leading shipping terminals operator, has announced that the company has reached a decision not to renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the end of the agreement in 2019.

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New alliances, reforms 'transforming container market'

New alliances, structural change and positive economic trends have transformed the container shipping market over the past year, driving growth and pushing business performance figures from deep red into black, according to Xeneta.

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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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Fujairah Terminals welcomes first container feeder vessel

The newly established Fujairah Terminals, under the management of Abu Dhabi Ports, recently welcomed its first container feeder vessel, the Dubai Alliance, said a report. This is the first ship to arrive at the terminal, which is

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Sohar Port posts 11pc growth in container volumes

Oman's Sohar Port container volumes in Q2 of 2017 grew by 11 per cent from the same quarter last year, as the port emerged as one of the region’s prime logistical hubs. The double-digit growth was accomplished despite on

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DP World posts 8.2pc volume growth in H1

DP World Limited, a global shipping terminal operator, handled 34 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2 per cent year-

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Shipping losses continue to decline: report

Large shipping losses have declined by 50 per cent over the past decade, largely driven by development of a more robust safety environment by ship-owners, a report said. There were 85 vessels reported as total losses around the sh

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DP World posts 5.7pc volume growth in Q1

DP World Limited handled 16.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2017, with gross container volumes growing by 5.7 per cent year-on-year on a reported basis, and

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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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