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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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Sohar port container traffic up 15pc

Oman's Sohar Port and Freezone has reported that container traffic at the port was up 15 per cent in 2016 compared to 2015, despite generally lower revenues and a slump in activity in the global maritime industry. The port'

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DP World posts 3.2pc volume growth in 2016

DP World Limited handled 63.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 2016, with gross container volumes growing by 3.2 per cent year-on-year on a reported basis, and 2.2 per cent on a lik

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Duqm container terminal to start operations by 2020

Oman-based Port of Duqm revealed that its new container terminal is expected to become operational by early 2020, said a report. The container handling capacity of the terminal will be eventually ramped up to 3.5 million twenty-fo

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Mwani Qatar, Milaha form JV to manage Hamad Port

Qatar Ports Management Company (Mwani Qatar) and Qatar Navigation (Milaha) have established a new company, QTerminals, to manage the new Hamad Port in Umm Al-Houl near Mesaieed. As per the agreement, the new company will be co-own

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Container shipping market sees positive trends: report

Norway-based Xeneta, a leading global benchmarking and market intelligence platform for containerised ocean freight, said that an analysis of third quarter (Q3) container shipping costs reveals positive trends for the beleaguered container carri

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DP World gross container volumes up by 2.2pc

Dubai-based DP World Limited handled 47.5 million twenty-foot equivalent units (TEU) across its global portfolio of container terminals during the first nine months of 2016, with gross container volumes growing by 2.2 per cent on a reported basi

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EGA’s Guinea container terminal opens

The UAE-based Emirates Global Aluminium (EGA), one of the world's leading aluminium producers, has opened its container terminal in its new port facility at Kamsar, Guinea. The terminal was inaugurated by Republic of Guinea Pr

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China's Cosco wins Abu Dhabi container terminal deal

China's Cosco Shipping Ports will invest $400 million in building a container terminal in Abu Dhabi as the emirate aims to expand trade with the world's second largest economy, a senior company official said on Wednesday.

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China's Cosco wins Abu Dhabi container terminal deal

China's Cosco Shipping Ports will invest $400 million in building a container terminal in Abu Dhabi as the emirate aims to expand trade with the world's second largest economy, a senior company official said on Wednesday.

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