{"@attributes":{"version":"2.0"},"channel":{"title":"Newsroom DP World","link":"https://www.dpworld.com/news/","description":{},"language":"en","lastBuildDate":"Mon, 18 Aug 2025 17:40:58 +0200","pubDate":"Mon, 18 Aug 2025 13:05:26 +0200","image":{"title":"Newsroom DP World","url":"https://content.presspage.com/clients/150_2451.png","link":"https://www.dpworld.com/news/","width":"144"},"item":[{"title":"DP WORLD REPORTS STRONG H1 2025 RESULTS: REVENUE UP 20.4%, CONTAINER VOLUMES RISE 6.7%","link":"https://www.dpworld.com/news/dp-world-reports-strong-h1-2025-results-revenue-up-204-container-volumes-rise-67/","guid":"https://www.dpworld.com/news/dp-world-reports-strong-h1-2025-results-revenue-up-204-container-volumes-rise-67/","caseid":"718638","description":"

DUBAI, UNITED ARAB EMIRATES – 14 August 2025: DP World today announced strong financial and operational results for the first half of 2025, underlining the resilience of its integrated global trade platform amid ongoing geopolitical and economic uncertainty.

Revenue grew by 20.4% year-on-year to $11,244 million, driven by strong performance across Ports & Terminals and recent acquisitions. Adjusted EBITDA rose 21.4% to $3,033 million, while container volumes increased 5.6% on a like-for-like basis, reaching 45.4 million TEU (twenty-foot equivalent units) across the global portfolio.

Commenting on the results, DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: “We are pleased to report strong first-half results, with both revenue and EBITDA growing by over 20%. Ongoing geopolitical tensions, the continued closure of the Red Sea route, and rising uncertainty around global trade tariffs have caused significant disruption across the industry. Despite these challenges, our strategy of delivering integrated end-to-end solutions and operating critical infrastructure in key markets has allowed us to continue supporting cargo owners to move their freight and to deliver a strong set of results.”

DP World continues to invest in strategic growth markets, with $1.08 billion in capital expenditure during the first half of the year. The full-year capex target of $2.5 billion will support expansion in Jebel Ali Port, Drydocks World, Tuna Tekra (India), London Gateway (UK), and Dakar (Senegal), along with DP World Logistics and P&O Maritime Logistics. These investments are focused on enhancing terminal capacity, supply chain integration, and digital capabilities to support long-term trade resilience.

Financial Performance Highlights

	H1 2025	H1 2024	YOY Change
Revenue	$11,244m	$9,335m	+20.4%
Adjusted EBITDA	$3,033m	$2,497m	+21.4%
EBITDA Margin	27.0%	26.8%	+0.2 pts
EBIT	$1,902m	$1,494m	+27.3%
Profit	$960m	$570m	+68.5%
+Profit Attributable to Owners	$532m	$265m	+100.5%

Container Throughput

Region	H1 2025 Gross Volume (‘000 TEU)	YOY Change	Like-for-Like
Asia Pacific & India	21,746	+2.6%	+1.7%
Europe, Middle East & Africa	16,908	+12.0%	+10.2%
Americas & Australia	6,784	+7.9%	+7.9%
Total Group	45,438	+6.7%	+5.6%
Jebel Ali (included in Europe, Middle East & Africa)	7,774	+6.0%	+6.0%

Across terminals where DP World has operational control, the company handled 27.4 million TEU, an increase of 7.5% year-on-year.

Yuvraj Narayan, Group Deputy CEO & CFO, commented: “This performance was underpinned by continued momentum in Ports & Terminals and Marine Services, supported by strong cash generation and a disciplined balance sheet. We remain well-positioned to fund strategic growth, maintain our credit strength, and respond to evolving market conditions.”

Through Unifeeder, DP World offers efficient and sustainable multimodal transport solutions that ensure connectivity for global shipping lines and cargo owners. This has been particularly important amid recent disruptions to global supply chains, where our extensive network has played a crucial role in helping customers maintain cargo flows and delivery reliability.

DP World’s freight forwarding platform now spans approximately 300 locations and covers more than 90% of global trade lanes.

“We continue to enhance our logistics capabilities, allowing us to serve customers seamlessly across the world’s major trade lanes. Recent bolt-on acquisitions have expanded our offerings and introduced specialized capabilities aligned with the evolving needs of cargo owners. These investments address supply chain inefficiencies and strengthen connectivity across key corridors, enabling us to deliver more resilient, efficient, and tailored solutions,” the chairman said.

Despite ongoing macroeconomic headwinds and continued pressure on key shipping corridors, DP World expects to deliver a strong full-year EBITDA performance, supported by sustained throughput growth, operational leverage in Ports & Terminals, strengthening balance sheet, and strategic capex and global integration.

“Looking ahead, we remain optimistic about the medium- to long-term outlook for global trade and logistics. As supply chains evolve, DP World is well-positioned to lead the industry in delivering efficient, resilient, and sustainable trade solutions that create long-term value,” added Sultan Ahmed bin Sulayem.

For additional information on the financial and operational results, please visit LINK

","pubDate":"Thu, 14 Aug 2025 09:13:46 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/65ef873a-b864-4632-820f-88be82199a02/500_moving_container_from_freight_train_to_truck.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/65ef873a-b864-4632-820f-88be82199a02/500_moving_container_from_freight_train_to_truck.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/65ef873a-b864-4632-820f-88be82199a02/moving_container_from_freight_train_to_truck.jpg?10000","ppImageTitle":"Moving_container_from_freight_train_to_truck"},{"title":"$1 BILLION TRADES FINANCED","link":"https://www.dpworld.com/news/1-billion-trades-financed/","guid":"https://www.dpworld.com/news/1-billion-trades-financed/","caseid":"714356","subtitle":"This milestone comes just four years after the platform’s launch, addressing the $2.5 trillion gap that continues to stifle trade growth in emerging economies","boilerplate":"

DP World Trade Finance’s purpose is to help businesses grow by providing them with access to the much-needed working capital for trade. We leverage DP World’s global infrastructure and ecosystem to gain transparency, visibility, data and control over cargo, and mitigate the risks inherent to financing international trade. Our approach of embedding trade finance solutions within DP World’s ecosystem enables us to provide trade finance to businesses, directly or in collaboration with our partner financial institutions, and enable seamless trade flow for everyone.

Since its launch in July 2021, DP World Trade Finance has partnered with 32 financial institutions and has financed over US$1 Billion of trade. DP World Trade Finance (DP World Financial Services Limited) has obtained its lending license in June 2022 and is engaged in providing credit via structured short-term working capital solutions. DP World Trade Finance participates in risk with existing lenders on the platform to ensure that working capital requirements of clients are adequately met.

The platform is operated by DP World Financial Services Limited, which arranges and provides credit for clients who are based in the UAE. DP World Services Limited arranges credit for clients outside the UAE.

","description":"

DP World Trade Finance has mobilised over $1 billion in working capital for businesses across emerging markets, helping close the global trade finance gap and keep goods moving through some of the world’s most challenging economic environments.

This milestone was achieved through a combination of DP World’s own lending operations and partnerships with more than 32 financial institutions globally- including the likes of J.P. Morgan, Standard Bank, NedBank and more. Their financing solutions, delivered alongside DP World’s logistics capabilities, have helped reduce risk and improve access to capital for underserved businesses of all sizes, thus lowering barriers to international trade.

By combining trade finance with logistics, DP World offers businesses both funding and real-time visibility into their supply chains. This integrated model helps lenders make faster, more informed decisions - unlocking capital where it’s needed most. The portfolio that DP World Trade Finance handles has also proven to create an very healthy loan book with high quality assets, way better than the industry benchmarks, further reinforcing the effectiveness of this data-driven, integrated approach.

To date, DP World Trade Finance has enabled trade across Africa, the Americas, Asia, and Europe, supporting sectors including agriculture, metals, automotive, and engineering.

Commenting on this achievement, Group Chairman and CEO of DP World, Sultan Ahmed Bin Sulayem said: \"The growth of our trade finance business underscores the UAE’s role as a catalyst for global trade. By making capital more accessible, particularly in high-potential markets, we are shaping a trade system that is more inclusive and resilient.”

Sinan Ozcan, Senior Executive Officer, DP World Trade Finance, said: “Cross-border trade is the engine of global economic growth, but access to affordable finance remains a critical barrier for many businesses, especially SMEs in emerging markets. Reaching this $1 billion milestone reflects our commitment to changing that. Through DP World Trade Finance, we’ve created a network that connects businesses with capital, streamlines the financing process and enables trade to flow more consistently on a global scale.”

The global trade finance gap, estimated at $2.5 trillion, continues to limit opportunities for businesses in developing economies, particularly those without access to traditional financing due to limited credit histories, lack of collateral, or weaker balance sheets that classify them as high risk.

","pubDate":"Wed, 23 Jul 2025 09:00:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9e36b774-8bb6-4dd9-8597-3910a49e6920/500_cashewnuts.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/9e36b774-8bb6-4dd9-8597-3910a49e6920/500_cashewnuts.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9e36b774-8bb6-4dd9-8597-3910a49e6920/cashewnuts.jpg?10000","ppImageTitle":"Cashew nuts"},{"title":"DP WORLD, DEENDAYAL PORT AUTHORITY AND NEVOMO SIGN MOU TO EXPLORE AUTONOMOUS MAGNETIC RAIL FREIGHT MOVEMENT IN INDIA","link":"https://www.dpworld.com/news/dp-world-deendayal-port-authority-and-nevomo-sign-mou-to-explore-autonomous-magnetic-rail-freight-movement-in-india/","guid":"https://www.dpworld.com/news/dp-world-deendayal-port-authority-and-nevomo-sign-mou-to-explore-autonomous-magnetic-rail-freight-movement-in-india/","caseid":"714224","subtitle":"Marking a national first, the pilot explores next-generation freight movement within a live port environment to accelerate India’s transition to intelligent, sustainable logistics","description":"

DUBAI (UAE), 16^th July 2025: DP World, the Deendayal Port Authority (DPA), and Nevomo have signed a Memorandum of Understanding (MoU) to explore potential opportunities for cooperation in the development and implementation of a pilot project using Nevomo’s MagRail proprietary technology for the self-propelled movement of rail-based cargo and freight within the existing port ecosystems.

DP World, a global leader in smart end-to-end supply chain solutions, is leading efforts to introduce advanced freight technology aimed at transforming cargo movement in India. Deendayal Port Authority (DPA), a key multi-cargo port under the Government of India, is facilitating exploration of this technology at its terminal in Kandla to evaluate the feasibility of this futuristic freight transportation system.

The initiative marks a significant step toward building faster, more efficient, and sustainable port-hinterland connectivity. This initiative is aligned with India’s National Logistics Policy and PM Gati Shakti agenda aimed at modernizing and integrating the country’s logistics infrastructure.

The MoU was signed by Shri Sushil Kumar Singh, IRSME, Chairman of Deendayal Port Authority (DPA), Rizwan Soomar, CEO & Managing Director, Middle East, North Africa, India Subcontinent, DP World, and Przemek (Ben) Paczek CEO Nevomo Group BV along with other senior dignitaries in Kandla, Gujarat, on 15^thJuly 2025.

The MoU sets the framework for a 750-metre pilot project of MagRail technology at Deendayal Port. A first-of-its-kind initiative in India will demonstrate self-propelled freight movement within a live port environment. It aims to develop and implement MagRail-based solutions that enable autonomous, electric-powered wagons using linear motor technology on existing rail tracks, enhancing capacity, efficiency, and speed for containerized and bulk cargo while reducing costs and CO2 emissions, making the logistics systems greener, faster, and more interoperable.

Commenting on the occasion, Shri Sushil Kumar Singh, IRSME, Chairman, Deendayal Port Authority (DPA), said, “This collaboration is a strategic advancement in port infrastructure, enhancing capacity and operational efficiency to support growing cargo demands. DP World, as trusted partner, plays a crucial role in enabling this initiative, which aligns with our commitment to strengthening India’s logistics framework and ensuring seamless trade facilitation.”

Sultan Ahmed bin Sulayem, Group Chairman & Chief Executive Officer, DP World, said, “At DP World, we are committed to future-proofing our terminals by adopting innovative technologies that redefine how cargo moves through the supply chain. Piloting solutions like MagRail aligns with our focus on enhancing speed, efficiency, and sustainability in logistics. By reducing transit times and optimising infrastructure use, we aim to create greater value for customers, support Deendayal Port Authority in scaling capacity, and contribute to India’s broader trade and connectivity goals.”

Speaking at the signing ceremony, Rizwan Soomar, CEO & Managing Director, Middle East, North Africa & India Subcontinent, DP World, \"We believe transformative infrastructure is driven by collaboration and long-term thinking. The partnership between DP World and Deendayal Port Authority along with Nevomo offers a unique opportunity to reimagine the future of freight movement in India. Our commitment goes beyond individual projects—we are partnering to accelerate India’s ambition to further expand and integrate port-led logistics ecosystems and achieve carbon neutrality by leveraging technology effectively in infrastructure solutions.\"

Przemek (Ben) Paczek CEO Nevomo Group BV, commented, “We are proud to partner in this innovative initiative at Deendayal Port to showcase MagRail’s real-world potential in enhancing freight efficiency, capacity, and flexibility. Collaborating with world-class organisations like DP World and Deendayal Port Authority, this is a significant step towards advancing sustainable logistics in India.”

This landmark collaboration will demonstrate how MagRail technology can automate short-haul cargo transfers, reduce reliance on diesel vehicles, and improve yard efficiency. The pilot project at Deendayal Port aims to set new standards in efficiency and sustainability, showcasing how innovation can transform ports into engines of economic growth and global trade competitiveness.

","category":"Technology,Freight Forwarding","pubDate":"Wed, 16 Jul 2025 12:13:06 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/fbf3edbb-6ab3-4aa6-aa86-4f8c29214958/500_photo3.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/fbf3edbb-6ab3-4aa6-aa86-4f8c29214958/500_photo3.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/fbf3edbb-6ab3-4aa6-aa86-4f8c29214958/photo3.jpg?10000","ppImageTitle":"Photo 3"},{"title":"DP World and Asian Terminals Inc deploy first fleet of electric internal transfer vehicles in the Philippines","link":"https://www.dpworld.com/news/dp-world-and-asian-terminals-inc-deploy-first-fleet-of-electric-internal-transfer-vehicles-in-the-philippines/","guid":"https://www.dpworld.com/news/dp-world-and-asian-terminals-inc-deploy-first-fleet-of-electric-internal-transfer-vehicles-in-the-philippines/","caseid":"714167","summary":"

This is part of the US $100 million investment announced earlier in May this year, to boost efficiency at the Manila South Harbour

This new fleet makes up about 20% of the current fleet size, and plans are underway for a fully-decarbonised fleet by 2030

","description":"

Manila, Philippines, 16 July 2025 – DP World and its strategic partner, Asian Terminals Inc. (ATI) has unveiled a brand-new fleet of 15 electric internal transfer vehicles (eITVs) along with corresponding rapid-charging infrastructure at the Philippines’ premier trade gateway, the Manila South Harbour (MSH). This is the first fleet of eITVs to be deployed for operations in the country.

This new fleet of ITVs will facilitate transportation of containers between vessels and yard, to enable quick vessel turnaround time and improve overall terminal efficiency. In addition to enhancing landside operational efficiency, this milestone also accelerates the terminal’s transition to clean energy-powered landside operations, marking a huge step towards the goal of operating a fully-decarbonised fleet by 2030.

The investment, valued at about ₱hp120 million (US$2.1 million), reflects both companies’ strong commitment and leadership towards sustainable port operations and their shared vision of reducing the environmental footprint in the logistics space. Plans are underway to facilitate the deployment of more electric equipment, including rubber-tired gantry cranes, side loaders, reach stackers, and forklifts, in the next few years.

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World commented: “This is a significant leap not only for DP World, but also for the Philippines as we continue to work with our partner, ATI, and local authorities to further power economic growth for the country. We are proud to align this new chapter to our sustainability journey by investing in next-generation terminal equipment that operates on clean energy with zero emissions.”

This initiative aligns with DP World’s global decarbonisation roadmap, which targets a 42% reduction in carbon emissions by 2030, and net-zero operations by 2050. It also supports the Philippine government’s thrust to modernise the country’s key gateways through greener, smarter, and more efficient trade solutions, spearheaded by the Philippine Ports Authority (PPA).

Atty. Jay Daniel Santiago, PPA General Manager, welcomed the development, emphasising the importance of private sector involvement in the industry’s green transition. He said: “We congratulate DP World and ATI for this operational milestone. It is encouraging to see the private sector take the lead in ushering the ports and logistics sector into a cleaner and greener future – one that is not only ecologically sound but also beneficial for business, industry, and the broader community. Our aspiration is to make the Philippine port system a benchmark for sustainability. This initiative helps set the pace for greening the logistics sector, beginning with our major international gateways.”

Manufactured by Sany Heavy Industry Co., Ltd, the new eITVs are equipped with high-capacity batteries, powerful electric drivetrains, and advanced control systems that deliver safe, efficient, and zero-emission cargo movement. Before deployment, the electric fleet underwent a rigorous one-year technical and safety evaluation by DP World and ATI engineers to ensure optimum performance under local conditions. This proactive assessment enabled the seamless integration and immediate deployment of the new units into day-to-day operations, to enable quick vessel and cargo turnaround time.

Earlier this year, DP World also added two new ship-to-shore (STS) cranes – among the largest and most technologically advanced in the Philippines – bringing its fleet of fully electric STS cranes to 11. This move enhances the port’s capacity and efficiency, while supporting both DP World’s and ATI’s broader sustainability goals. Currently, around 95% of the power requirement of MSH comes from renewable energy sources, with full 100% coverage expected soon.

","pubDate":"Wed, 16 Jul 2025 05:00:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/ae907e2f-3556-41fd-9177-80f2832025de/500_itvs.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/ae907e2f-3556-41fd-9177-80f2832025de/500_itvs.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/ae907e2f-3556-41fd-9177-80f2832025de/itvs.jpg?10000","ppImageTitle":"ITVS"},{"title":"DP WORLD COLLABORATES WITH TESCO FOR MULTI-MILLION POUND LOGISTICS HUB AT LONDON GATEWAY","link":"https://www.dpworld.com/news/dp-world-collaborates-with-tesco-for-multi-million-pound-logistics-hub-at-london-gateway/","guid":"https://www.dpworld.com/news/dp-world-collaborates-with-tesco-for-multi-million-pound-logistics-hub-at-london-gateway/","caseid":"714096","description":"

DUBAI, UAE – 09 JULY 2025: DP World announced a landmark collaboration with Tesco, a leading UK-based multinational retailer, to build an advanced distribution centre at DP World London Gateway, scheduled to open in 2029.

The multi-million-pound project cements London Gateway’s role as a vital node in global commerce, giving retailers seamless, sustainable connections from the factory floor to customer door across every major trade lane.

The investment represents Tesco’s continued commitment to ensuring its distribution network remains fit for the future, which is critical to the business’s success and to ensuring it can continue to meet the demands of its growing store network and best serve its customers.

In 2024, DP World broadened its sector-specific retail solutions by acquiring Hong Kong-based Cargo Services Far East. The move added more than 200 freight-forwarding offices and deep end-to-end purchase-order-management expertise to DP World’s network, giving retail partners, now including Tesco, unrivalled access to global trade flows.

The new distribution centre will be a modern, energy-efficient site, equipped with the latest technology to support Tesco’s growth and is expected to achieve BREEAM Outstanding certification, demonstrating its commitment to sustainable building practices.

Sultan Ahmed bin Sulayem, DP World Group Chairman and Chief Executive Officer, said: “DP World London Gateway is helping to make Britain’s trade flow by sea, road and rail, connecting businesses across the UK with global markets and boosting the resilience of national supply chains. The significant investment announced today by Tesco, one of the world’s leading retailers, is a proud moment for DP World and a vote of confidence in the growing role London Gateway plays in the UK economy.”

Andrew Woolfenden, Tesco UK Distribution & Fulfilment Director, said: “Our distribution network is vital for ensuring customers receive products at the right place, time and condition. As demand grows across our store network, we're excited to partner with Witron and DP World to develop a distribution centre that leverages the latest technology, enhancing our supply chain and supporting our decarbonisation goals. By locating at London Gateway, we can also take full advantage of the seaport and rail infrastructure.\"

Tesco is collaborating with Witron, an experienced logistics partner with a strong legacy of retail partnerships, to bolster its network capacity at the site. Witron’s intelligent automation will boost throughput, cut waste and create an ergonomic working environment.

Helmut Prieschenk, CEO at Witron, said: “It’s an honour and pleasure for us to be part of this outstanding logistics initiative, which represents the introduction of more intelligent logistics production. With the latest technology and machinery, once fully operational, this represents a large-scale project for dry grocery distribution. In terms of end-to-end integration this is a lighthouse project for Witron - which ensures premium store service, an ergonomic, safe and sustainable environment and benefits the whole value chain.”

","category":"Logistics,Retail","pubDate":"Tue, 15 Jul 2025 11:43:38 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/09960753-6ab4-4f55-8e51-4368aba28159/500_londongatewaylogisticspark.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/09960753-6ab4-4f55-8e51-4368aba28159/500_londongatewaylogisticspark.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/09960753-6ab4-4f55-8e51-4368aba28159/londongatewaylogisticspark.jpg?10000","ppImageTitle":"London Gateway Logistics Park"},{"title":"DP WORLD TO DEVELOP SYRIA’S TARTUS PORT UNDER LANDMARK 30-YEAR DEAL","link":"https://www.dpworld.com/news/dp-world-to-develop-syrias-tartus-port-under-landmark-30-year-deal/","guid":"https://www.dpworld.com/news/dp-world-to-develop-syrias-tartus-port-under-landmark-30-year-deal/","caseid":"713920","subtitle":"USD 800 million to modernise Tartus and support Syria’s recovery as a regional trade hub","description":"

Damascus, Syria, 13 July 2025 – DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus.

As part of the agreement, DP World will invest $800 million over the duration of the concession to upgrade the port’s infrastructure and position it as a critical regional trade hub connecting Southern Europe, the Middle East and North Africa.

The agreement was signed in Damascus in the presence of His Excellency Ahmed Al-Sharaa, President of the Syrian Arab Republic, by Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, and Qutaiba Ahmed Badawi, Chairman of General Authority for Land and Sea Ports.

Following over a decade of conflict and long-standing underinvestment in trade infrastructure, the redevelopment of Tartus marks an important step in Syria’s economic reintegration. Structured as a Build-Operate-Transfer (BOT) model and fully owned by DP World, the project will include new infrastructure, advanced cargo-handling equipment, and digital systems to improve efficiency across the port’s container and general cargo terminals.

Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: “This agreement reflects our long-term commitment to enabling global trade and creating resilient supply chains. We see strong potential in Tartus to serve as a vital trade gateway and look forward to strengthening regional connectivity and economic opportunity through this investment. We believe in the power of trade to help drive long-term stability and prosperity for Syria and the region.”

Qutaiba Ahmed Badawi, Chairman of Syria's General Authority for Land and Sea Ports, said: “This agreement marks an important step forward for the Port of Tartus and Syria's maritime sector. Partnering with DP World will allow us to modernise and strengthen the efficiency of our trade infrastructure as we continue to rebuild key trade lanes, support the national economy and provide more opportunities for the Syrian people. The agreement reflects our shared vision to transform Tartus into a strategic gateway linking Syria with regional and international markets and it will pave the way for sustainable growth for years to come.”

Located on Syria’s Mediterranean coast, Tartus is the country’s second-largest port and a key maritime gateway to trade routes across Europe, the Levant and North Africa. Its strategic position enhances regional connectivity, complementing existing routes through the Bosporus and Suez. The redevelopment will enable Tartus to handle general cargo, containers, breakbulk, and roll-on/roll-off traffic, expanding Syria’s trade potential as the country continues to rebuild.

DP World will also explore opportunities to develop free zones, inland logistics hubs, and transit corridors in partnership with local stakeholders, supporting broader economic diversification and trade facilitation efforts.

With a presence in over 75 countries and 9.2% of global container traffic flowing through its ports and terminals, DP World brings over four decades of experience in developing logistics infrastructure around the world. The Tartus project adds to its growing portfolio and complements existing operations in the Middle East.

","category":"Ports,Logistics","pubDate":"Sun, 13 Jul 2025 17:01:38 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/b7629745-8965-42c6-90c8-09cd3a3cedd8/500_image4.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/b7629745-8965-42c6-90c8-09cd3a3cedd8/500_image4.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/b7629745-8965-42c6-90c8-09cd3a3cedd8/image4.jpg?10000","ppImageTitle":"Image 4"},{"title":"DP World’s Pier Expansion Drives Record Volumes, Export Growth at Peru’s Port of Callao","link":"https://www.dpworld.com/news/dp-worlds-pier-expansion-drives-record-volumes-export-growth-at-perus-port-of-callao/","guid":"https://www.dpworld.com/news/dp-worlds-pier-expansion-drives-record-volumes-export-growth-at-perus-port-of-callao/","caseid":"713810","subtitle":"DP World handled 1.96 million TEUs in 2024, boosting Peru’s agricultural exports and trade capacity.","description":"

LIMA, PERU | JULY 10, 2025 – One year after the expansion of its Bicentennial Pier, DP World’s terminal at the Port of Callao has delivered record-breaking results, including a 19% increase in container throughput and a surge in agricultural exports that underscore the port’s growing role in Peru’s economy.

Since its inauguration in June 2024, the enhanced terminal has driven an 80% increase in operational capacity, managing a record volume of 1.96 million TEUs during 2024.

The South Pier of the Port of Callao now spans over one kilometer, has an increased annual capacity of nearly 3 million TEUs, and can handle three ultra-large container ships at once – a shift that translates into major operational gains. These improvements play a vital role in boosting trade volumes, attracting larger vessels, and strengthening Callao’s reputation as the country’s leading port and logistics hub for South America’s West Coast.

Carlos Merino, CEO of DP World in Peru, Ecuador, and Colombia, said: “This expansion transformed our ability to connect Peru to the world. It’s not just about moving more containers – it’s about building long-term resilience in our supply chains, attracting next-generation investments, and making Peruvian trade more agile and globally competitive.”

DP World has invested more than $3 billion in infrastructure at Callao since 2010, with the agricultural sector one of the biggest beneficiaries. In 2024 alone, the terminal facilitated $3.6 billion in agricultural exports, including approximately 85% of Peru’s blueberry shipments to Asia and nearly 40% of all agricultural exports from the country. These flows underscore the terminal’s role in strengthening food supply chains and supporting Peru’s rural economies.

Beyond trade, the Bicentennial Pier expansion has delivered meaningful impact through job creation, environmental innovation, and community development. Over the past year, the terminal generated around 3,000 jobs in Callao. It also advanced DP World’s ambitious climate goals with electric transport fleets, hybrid cranes, and Latin America’s first electric charging station at a port terminal – putting the region on track to achieve a 90% reduction in Scope 1 and 2 emissions by 2030.

DP World Callao is also the first port terminal licensed under the Peru Brand, recognizing its 15-year contribution to the country’s exports and national growth. The success of the Bicentennial Pier expansion reinforces this legacy, and points toward an even more connected future.

“These milestones not only reinforce our position as Peru’s leading container terminal, they reflect our long-term commitment to connecting Peru to global markets through innovation, operational excellence, and responsible growth,” Merino added.

Looking ahead, DP World remains focused on driving international trade, advancing sustainable logistics, and delivering lasting value to the communities we serve. With continued investment and innovation, the Port of Callao is poised to play a pivotal role in Peru’s economic development and global competitiveness for years to come.

","category":"Ports,Perishables,Logistics","pubDate":"Fri, 11 Jul 2025 07:58:53 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/798d9330-9ab8-4c3d-8cc2-28db9f102b03/500_peru2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/798d9330-9ab8-4c3d-8cc2-28db9f102b03/500_peru2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/798d9330-9ab8-4c3d-8cc2-28db9f102b03/peru2.jpg?10000","ppImageTitle":"PERU 2"},{"title":"P&O Maritime Logistics to Acquire Controlling Stake in NovaAlgoma Cement Carriers","link":"https://www.dpworld.com/news/po-maritime-logistics-to-acquire-controlling-stake-in-novaalgoma-cement-carriers/","guid":"https://www.dpworld.com/news/po-maritime-logistics-to-acquire-controlling-stake-in-novaalgoma-cement-carriers/","caseid":"713041","subtitle":"The acquisition expands DP World’s footprint in the breakbulk and dry-bulk sectors, enhancing its end-to-end supply chain capabilities and enabling improved service delivery to cargo owners across key growth markets","description":"

3 July 2025, Dubai, UAE P&O Maritime Logistics (POML), a wholly owned subsidiary of DP World, has entered into a definitive agreement to acquire a controlling stake in NovaAlgoma Cement Carriers (NACC), the world’s leading operator of pneumatic cement carriers. The acquisition strengthens DP World’s presence in the breakbulk and dry-bulk sectors, particularly in infrastructure-related cargo flows. By expanding into cement logistics, DP World is broadening its end-to-end supply chain capabilities and enhancing service offerings to cargo owners in key growth markets.

Established in 2016 as a joint venture between Nova Marine Holding and Algoma Central Corporation, NACC specialises in the global transportation of dry-bulk commodities, with a focus on cement, using modern vessels equipped with advanced pneumatic handling systems serving key infrastructure markets across North America, Europe, the Mediterranean, South Asia, and the Caribbean.

The transaction excludes NACC’s joint venture interests in Northern Europe, Indonesia, and Greece. The existing shareholders, Nova Marine Holding SA of Switzerland and Algoma Central Corporation of Canada, will retain a significant minority interest. NACC’s current operational leadership will remain in place, with strategic oversight guided by P&O Maritime Logistics. The transaction is subject to customary regulatory approvals and is expected to close in the coming months.

Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO, said: \"This acquisition reflects our commitment to deepening our capabilities in specialised maritime logistics. NovaAlgoma is a world-class operator with strong leadership, and we are excited to welcome them into the DP World family. By combining our global reach and scale with their technical and market expertise, we are well-positioned to deliver greater value to our customers and to grow together in this strategically important segment.\"

Giovanni Romeo, Chairman of NovaAlgoma Cement Carriers, said: \"We are proud of what we have achieved at NACC and excited about the opportunities ahead with DP World and P&O Maritime Logistics. Our continued involvement reflects our confidence in the partnership. Together, we can leverage our collective strengths to accelerate growth, improve services, and better meet the needs of customers worldwide.\"

","pubDate":"Thu, 03 Jul 2025 15:32:19 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"BRIDGING THE FIRST MILE: HOW DP WORLD IS CONNECTING LIVES IN RURAL RWANDA","link":"https://www.dpworld.com/news/bridging-the-first-mile-how-dp-world-is-connecting-lives-in-rural-rwanda/","guid":"https://www.dpworld.com/news/bridging-the-first-mile-how-dp-world-is-connecting-lives-in-rural-rwanda/","caseid":"711476","subtitle":"DP World and Bridges to Prosperity connected four communities, transforming daily life for thousands of residents through sustainable infrastructure","description":"

Kigali, Rwanda – June 18, 2025 — Until recently, Akaliza, a 10-year-old schoolgirl in Kabeza, a remote Rwandan village near the capital, Kigali, had to cross the dangerous Gauge River ravine every day just to reach her classroom. During the rainy season, the river often floods, making the crossing perilous and cutting off entire communities from school, markets, and healthcare. In the past three years alone, more than eight people have been injured attempting to cross it.

That all changed when DP World’s volunteers joined hands with local community members, government stakeholders and non-profit Bridges to Prosperity (B2P) to build a new 50-metre long trail bridge. Spanning the unstable ground and waterways that once divided four rural communities, the bridge now provides safe, year-round access for over 4,600 people, including 1,721 children, whatever the weather.

Local residents say the bridge has already improved school attendance and access to health services. \"We used to worry about our kids when we sent them to school. Now, with this bridge, we feel safe. It's a huge relief and a true blessing for our community. We're incredibly thankful to everyone who made this initiative a reality,\" said 34-year old Mugisha.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “This bridge is more than just a structure; it’s a lifeline. It’s a powerful reminder of the real human impact our work can have. I’m incredibly proud of our team for bringing DP World’s values to life and creating lasting impact where it’s needed most”.

DP World is normally associated with big infrastructure -- massive ports with giant cranes, capable of handling the biggest ships on the planet, and road and rail networks that move goods faster and further than ever before.

But this is infrastructure of a different kind, built to move people, not cargo. It’s designed to get Akaliza to school. And while logisticians often talk about “last mile delivery” as one of the toughest challenges in supply chains, this bridge addresses something just as vital: “first mile access.” Its impact is measured not in tonnes or containers, but in lives changed.

DP World has supported B2P since 2022 as a cable provider, donating the bridge’s core cables from its flagship port in Jebel Ali. Now, the company is taking a more hands-on approach, deploying its own staff onsite for the construction. Nine DP World volunteers, ranging from engineers to logistics professionals, worked shoulder to shoulder with local residents for two weeks -- part of a deepening commitment to building bridges to better lives.

Juan Carlos, Group Chief Planning & Project Officer, DP World, said: “Watching children cross safely on the day the bridge opened was unforgettable. We often talk about sustainability, but here, we built it with our own hands. “This is what infrastructure looks like when It’s built for people.”

The initiative is part of DP World’s broader commitment to sustainable development. The global logistics company operates the Kigali Logistics Platform in Masaka, a vital trade hub which links landlocked Rwanda to major East African ports. It handles as many as 50,000 containers (twenty-foot equivalent units) and 640,000 tonnes of cargo each year, and has created more than 700 local jobs.

This bridge is part of a national programme launched by B2P in 2019 with the government, with a shared goal of connecting over 1 million Rwandans through more than 300 trail bridges by 2027.

“Our volunteer trip to Rwanda with Bridges to Prosperity highlights the power of global partnerships. By helping build essential infrastructure, we’re not only supporting resilient, connected communities—we’re also reinforcing the values that drive our business forward: collaboration, sustainability, and long-term impact.”, said Ayla Bajwa, SVP Group Sustainability at DP World.

With more bridges planned across Africa this year, DP World is not only moving goods, but unlocking access, supporting livelihoods and connecting futures.

","pubDate":"Wed, 18 Jun 2025 11:07:04 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/320c89fd-686b-436c-88b4-995f694783cf/500_dsc03275.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/320c89fd-686b-436c-88b4-995f694783cf/500_dsc03275.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/320c89fd-686b-436c-88b4-995f694783cf/dsc03275.jpg?10000","ppImageTitle":"DSC03275"},{"title":"DP WORLD TRADE FINANCE AND J.P. MORGAN COLLABORATE TO PROVIDE GLOBAL WORKING CAPITAL SOLUTIONS IN EMERGING MARKETS","link":"https://www.dpworld.com/news/dp-world-trade-finance-and-jp-morgan-collaborate-to-provide-global-working-capital-solutions-in-emerging-markets/","guid":"https://www.dpworld.com/news/dp-world-trade-finance-and-jp-morgan-collaborate-to-provide-global-working-capital-solutions-in-emerging-markets/","caseid":"708350","subtitle":"The collaboration enhances trade finance availability, supports working capital needs, and strengthens global trade flows through risk-sharing mechanisms.","boilerplate":"

","description":"

DP World Trade Finance and J.P. Morgan are collaborating to improve access to working capital in emerging markets, where supply chain disruptions and limited credit continue to hinder trade.

The world is facing a US$2.5 trillion global trade finance gap, hindering the growth of global trade and impacting businesses worldwide. Many businesses are underserved by traditional financial institutions due to limited data on their creditworthiness, making it challenging for businesses to secure affordable credit. This collaboration aims to address this gap and enables both companies to share the risk on trade finance transactions.

The first transaction supported a leading global food company in procuring cocoa from Ivory Coast, one of the world’s most important agri-export regions. This collaboration unlocked over US$70 million in annual procurement opportunities for the client, and brought significant value into an emerging economy like Ivory Coast.

Raj Jit Singh Wallia, Board Member, DP World Trade Finance, said: “This is a significant step in our mission to bridge the global trade finance gap and help businesses tap into new sources of funding. By leveraging risk-sharing mechanisms and combining them with logistics in one ecosystem, we reduce the overall credit risk profile and enhance liquidity in emerging markets.”

“This is one of many transactions stemming from our collaboration with J.P. Morgan. As regions like Central Asia and Sub-Saharan Africa continue to grow, we anticipate our work with J.P. Morgan will continue expanding into new markets.”

James Fraser, Global Head of Trade & Working Capital at J.P. Morgan said, “At J.P. Morgan, we are committed to supporting global trade. Our collaboration with DP World Trade Finance allows us to offer innovative financing solutions that provide working capital to businesses while mitigating risk through DP World’s expertise. Looking ahead, we are excited to work together to explore and broaden access to structured trade finance in pivotal markets through innovative financial frameworks.”

","pubDate":"Thu, 05 Jun 2025 13:30:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/dffb410c-132f-4754-baa1-6a5eab6aae3c/500_cocoa-farmer-ivory-coast.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/dffb410c-132f-4754-baa1-6a5eab6aae3c/500_cocoa-farmer-ivory-coast.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dffb410c-132f-4754-baa1-6a5eab6aae3c/cocoa-farmer-ivory-coast.jpg?10000","ppImageTitle":"Cocoa-farmer-ivory-coast"},{"title":"DP WORLD AND VIMC LINES LAUNCH DOMESTIC COASTAL LOGISTICS SERVICE TO BOOST SOUTH VIETNAM CONNECTIVITY","link":"https://www.dpworld.com/news/dp-world-and-vimc-lines-launch-domestic-coastal-logistics-service-to-boost-south-vietnam-connectivity/","guid":"https://www.dpworld.com/news/dp-world-and-vimc-lines-launch-domestic-coastal-logistics-service-to-boost-south-vietnam-connectivity/","caseid":"707881","summary":"

The Mekong Express launches with two sailings per week between Cai Mep and Can Tho, cutting transit time by almost 70%, from 48 hours to 15 hours

The new service offers a faster, more cost-effective and less carbon-intensive transport solution for cargo owners, connecting two critical economic centres in southern Vietnam

","description":"

HO CHI MINH CITY, VIETNAM – 30 May 2025: DP World, in partnership with VIMC Container Lines Joint Stock Company (VIMC Lines) has launched the Mekong Express, a new domestic sea-river transport route connecting the Can Tho (Cai Cui) and Cai Mep ports.

Operating twice a week, the barge service reduces transit times of 48 hours by the river ways to just 15 hours via a combination of river and sea routes, a 70% improvement. While the previous journey covers approximately 367 km, the coastal route is significantly shorter at around 200 km, making it a faster, more sustainable and cost-effective solution for cargo owners across Vietnam.

The Mekong Express completed its inaugural journey today, marking the official launch of the service with a ceremony attended by Mr. Eisa Alhammadi, the representative from the United Arab Emirates (UAE) Embassy in Vietnam, Mr. Nguyen Ngoc He, Member of the Party Committee of Can Tho City and Vice Chairman of the People’s Committee of Can Tho City, as well as senior executives from DP World and VIMC Lines.

Designed to support dry and cold chain logistics, the Mekong Express can transport up to several hundred TEUs per voyage and is capable of handling a large number of refrigerated containers. The partners plan to expand the route to include a call at the Saigon Premier Container Terminal (SPCT), which is operated by DP World and a call at Saigon Hiep Phuoc Port under the Vietnam Maritime Corporation (VIMC).

Equipped with real-time digital cargo tracking and carbon monitoring, the new service is also a more sustainable alternative to road transport, generating 60% less carbon emissions.

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: “DP World is committed to building a seamless, integrated supply chain ecosystem in Vietnam, an increasingly important market for trade in the Asia Pacific region and globally. With the Mekong Express, we are responding to demand for a more efficient and reliable service. This will help support economic development not just within southern Vietnam but throughout the country. The launch of this new coastal logistics service also marks a major step in our expansion in Vietnam, complementing our ongoing operation of Saigon Premier Container Terminal.”

Dr. Le Quang Trung – Deputy CEO of Vietnam Maritime Corporation (VIMC), Chairman of the Board of Directors of Can Tho Port Joint Stock Company said: “VIMC is proud to launch and operate the Mekong Express service, a service which brings new levels of efficiency and reliability to Vietnam’s domestic logistics landscape. The collaboration between VIMC Lines and DP World Vietnam in this service reflects our shared commitment to advancing and innovating new solutions for customers in the country. We look forward to continue expanding international cooperation in order to unlock greater value for businesses and strengthen the country’s supply chain resilience.”

Expanding DP World’s Footprint in Vietnam

South Vietnam, home to the Mekong Delta Key Economic Region (MDKER) and the Southern Key Economic Region (SKER), has become the engine of Vietnam’s manufacturing and export economy. By enhancing connectivity between these strategically vital zones, the Mekong Express will strengthen Vietnam’s role in regional and global logistics networks.

DP World currently operates the Saigon Premier Container Terminal (SPCT) in Ho Chi Minh City, with an annual capacity of 400,000 TEUs and the only roll-on/roll-off port in Southern Vietnam. The company also has its corporate office in Ho Chi Minh, and three other freight forwarding offices at Can Tho, Haiphong, and Hanoi.

","pubDate":"Fri, 30 May 2025 11:28:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/afa8805e-6352-4c2b-b6ff-3924dcf818f0/500_themekongexpresscompleteditsinauguraljourneytodaywithanofficiallaunchceremonytomarktheoccasion.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/afa8805e-6352-4c2b-b6ff-3924dcf818f0/500_themekongexpresscompleteditsinauguraljourneytodaywithanofficiallaunchceremonytomarktheoccasion.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/afa8805e-6352-4c2b-b6ff-3924dcf818f0/themekongexpresscompleteditsinauguraljourneytodaywithanofficiallaunchceremonytomarktheoccasion.jpg?10000","ppImageTitle":"The Mekong Express completed its inaugural journey today, with an official launch ceremony to mark the occasion"},{"title":"DP WORLD LAUNCHES NEW TURNKEY LOGISTICS SOLUTION TO ACCELERATE AUTOMOTIVE GROWTH IN SOUTH AFRICA","link":"https://www.dpworld.com/news/dp-world-launches-new-turnkey-logistics-solution-to-accelerate-automotive-growth-in-south-africa/","guid":"https://www.dpworld.com/news/dp-world-launches-new-turnkey-logistics-solution-to-accelerate-automotive-growth-in-south-africa/","caseid":"707801","subtitle":"The tailored solution for Foton Motor sets a new model for overcoming entry barriers for global automakers in one of the world’s fastest growing automotive markets","description":"

JOHANNESBURG, SOUTH AFRICA – 29 May 2025: DP World has unveiled a fully integrated logistics and market-entry solution aimed at addressing the long-standing challenges for automotive original equipment manufacturers (OEMs) seeking growth in the sub-Saharan Africa region.

Sub-Saharan Africa is projected to be among the fastest-growing automotive markets globally, with vehicle demand expected to increase by 28.5% by 2030, driven by rising incomes, urbanisation and surging intra-African trade1. Yet despite this potential, Africa accounts for only about 1% of global vehicle sales, whilst being home to approximately 18% of the world’s population1. For global OEMs, a lack of dependable logistics infrastructure, complex regulatory requirements and unreliable parts distribution have hindered efforts to expand in the region.

DP World’s new turnkey solution is the company’s first automotive hybrid model in the region, blending contract logistics and tailored market-entry and expansion services on a unified platform. The offering includes nationwide distribution to most dealerships within 24 to 48 hours, a digital dealer portal offering SKU (Stock Keeping Unit)-level inventory visibility, real-time tracking, automated ordering and integrated payments.

The solution was successfully piloted with Foton Motor, a leading Chinese commercial vehicle manufacturer. By leveraging DP World’s end-to-end support platform, Foton rapidly established aftermarket operations in South Africa for their heavy commercial vehicles, including warehousing, nationwide distribution, regulatory compliance and digital dealer enablement. The rapid entry positioned Foton South Africa a first mover with integrated service networks, creating an early advantage to build customer trust and engagement.

David D’Annunzio, Global Vice President & Vertical Lead, Automotive at DP World, emphasised the strategic impact of this solution: “The demand for vehicles is booming in Africa, but the difficulty is ensuring vehicles and parts can reach where they are needed, when needed. Our turnkey solution will change the game for OEMs, removing the traditional friction points and allowing them to scale their operations. This is the new blueprint for OEM expansion in Africa.”

Mr. Fu Jun, President of Foton International at Foton Motor Group commented: “Growing our presence in South Africa is a priority for Foton, and our work with DP World has played an important role in making that possible. Their support with unlocking market and contract logistics services has helped make our aftermarket operations efficient and straightforward, allowing us to concentrate on serving our customers and building our business”.

The new hybrid model also allows OEMs to build first-mover advantage in a region where after-market parts are often dominated by informal players and grey imports. By offering a reliable service network, OEMs like Foton can establish trust, secure long-term customer loyalty and reduce the risk of counterfeit parts, with a single point of contact and accountability within the market.

Mark Rylance, Chief Operating Officer for Logistics at DP World Sub-Saharan Africa, said: “The automotive industry’s outlook for Africa is changing fast. The question is no longer whether to enter the market, but how to do it effectively. With extensive infrastructure across the region, and deep expertise in complex logistics and market solutions, DP World is ideally placed to support international automakers looking to enter or expand into one of the world’s fastest-growing automotive markets.”

DP World expects to create more innovative solutions to support additional OEMs entering markets across Sub-Saharan Africa over the coming years, as it scales its offering to meet growing demand for commercial and passenger vehicles in the region.

","pubDate":"Thu, 29 May 2025 12:33:38 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/04c445e0-8c64-4448-9789-a2c94755de8a/500_largenumberofaxlesonshelvingunitincarplant.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/04c445e0-8c64-4448-9789-a2c94755de8a/500_largenumberofaxlesonshelvingunitincarplant.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/04c445e0-8c64-4448-9789-a2c94755de8a/largenumberofaxlesonshelvingunitincarplant.jpg?10000","ppImageTitle":"Large number of axles on shelving unit in car plant"},{"title":"TOP UAE COMPANIES LINE UP FOR OPPORTUNITIES IN NEW AL RAWDAH SPECIAL ECONOMIC ZONE","link":"https://www.dpworld.com/news/top-uae-companies-line-up-for-opportunities-in-new-al-rawdah-special-economic-zone/","guid":"https://www.dpworld.com/news/top-uae-companies-line-up-for-opportunities-in-new-al-rawdah-special-economic-zone/","caseid":"707733","subtitle":"Letters of Intent signed following the launch of DP World’s latest industrial and logistics hub on the UAE-Oman border","description":"

Muscat, Oman, 27^th May 2025: A group of leading UAE-based companies have signed Letters of Intent to explore investment opportunities in the newly announced Al Rawdah Special Economic Zone, a major industrial and logistics hub being developed at the Oman-UAE border.

The companies, many of which are based in the Jebel Ali Free Zone (Jafza), represent a diverse range of sectors, including logistics, manufacturing, steel fabrication and packaging. The companies include:

Al Bayader: a leading manufacturer and distributor of sustainable food packaging
Apparel Group: a retail operator managing over 80 fashion and lifestyle brands
Camtech Manufacturing: a manufacturer of high-performance industrial valves
Conares: one of the region’s largest private steel manufacturers
Indu Kishore Logistic: a specialist in freight forwarding and multimodal logistics
Kimoha Entrepreneurs: a provider of labeling, packaging, and RFID solutions
NAFFCO: a global leader in fire safety and life protection solutions
New East: a leading distributor of automotive spare parts
Oriental General Trading: a diversified trading and distribution company
Palmon Group: a developer and operator of industrial and logistics facilities
Technical Resources: production and supply of high-tech generators, industrial pumps, and components linked to Parker oil and gas products
Spinneys: diversified food manufacturer and distributor

While the Letters of Intent are non-binding, they reflect strong private sector interest in leveraging the Al Rawdah Special Economic Zone as a platform for regional expansion and cross-border trade.

His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: “The early interest shown by leading companies in the UAE reflects the strong potential of the Al Rawdah Economic Zone to transform trade and logistics between our two nations. Our vision is to create an integrated ecosystem that will open fresh opportunities for businesses and contribute to the long-term prosperity of the UAE and Oman.”

Strategically located in Oman’s Al Buraimi Governorate, Al Rawdah Special Economic Zone will provide cross-border connectivity to key regional trade corridors, including Jebel Ali Port.

Designed to support a wide range of industrial, processing and commercial activities, the zone will initially be focused on opportunities in automotive-related manufacturing, injection molding, textiles and apparel, steel fabrication, logistics and trading.

With strong backing from both the UAE and Omani governments, the Al Rawdah zone is set to become a strategic gateway for industrial growth and regional economic integration.

The zone is being developed by Mahadha Development Company, an Emirati-Omani joint venture in which DP World is the majority partner. Phase 1 of the project will cover 14 square kilometres, with expansion plans to reach 25 square kilometres in Phase 2.

","pubDate":"Wed, 28 May 2025 17:53:02 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/1e7874ff-31b6-4068-b3b0-128763705ead/500_backrowrepresentativesoftopuaebasedcompaniesattheofficialceremonytoannouncethealrawdahsez.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/1e7874ff-31b6-4068-b3b0-128763705ead/500_backrowrepresentativesoftopuaebasedcompaniesattheofficialceremonytoannouncethealrawdahsez.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/1e7874ff-31b6-4068-b3b0-128763705ead/backrowrepresentativesoftopuaebasedcompaniesattheofficialceremonytoannouncethealrawdahsez.jpg?10000","ppImageTitle":"(Back row) Representatives of top UAE based companies at the official ceremony to announce the Al Rawdah SEZ"},{"title":"DP WORLD TO LAUNCH $2.5BN LOGISTICS INFRASTRUCTURE INVESTMENT IN 2025","link":"https://www.dpworld.com/news/dp-world-to-launch-25bn-logistics-infrastructure-investment-in-2025/","guid":"https://www.dpworld.com/news/dp-world-to-launch-25bn-logistics-infrastructure-investment-in-2025/","caseid":"706457","subtitle":"Major projects to break ground across India, Africa and Europe this year","description":"

Dubai, UAE – 20 May 2025: DP World will invest $2.5 billion this year to expand its global logistics network, launching major infrastructure projects across India, Africa, South America and Europe in response to rising demand for resilient, integrated supply chain solutions.

The four major developments – across four continents – extend DP World’s end-to-end capabilities, significantly expanding capacity in its network of global ports and reinforcing its positions as a key enabler of global trade.

Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: “Global trade is evolving fast, and we are investing boldly to shape its future. Despite short-term uncertainty, this $2.5 billion commitment reflects our confidence in long-term trade growth and our determination to build the infrastructure needed to keep the world connected.

“We are building a unique array of assets and suite of capabilities, helping our customers stay competitive, support local economies and enable global access. Nobody can match us for the diversity and breadth of our supply chain solutions.”

Construction is underway on a new $510 million terminal at Tuna Tekra in Gujarat on India’s northwestern coast. Featuring a 1.1 km berth and annual capacity of 2.19 million TEU, the terminal will connect India’s vast hinterland to global markets through a network of roads and railways, enabling faster, more efficient trade access for Indian businesses.

DP World is moving ahead with the development of the new deep-sea port at Banana in the Democratic Republic of Congo (DRC). The 450,000 TEU a year facility on the DRC’s Atlantic coast will bring significant cost and time savings for the country's trade, as it will attract more direct calls from larger vessels from Asia and Europe, boosting economic growth across the region.

Further up the West African coast, work is already underway on the new 1.2 million TEU a year Ndayane Port in Senegal. An initial investment of $830 million is being made in this strategically vital project, which will support the country’s development for the rest of the century. At the Port of Posorja in Ecuador, DP World has initiated a $140million berth expansion that will expand the dock to a total of 700m, enabling it to accommodate two post-Panamax vessels at the same time.

Finally, at the London Gateway logistics hub, DP World is investing $1 billion to build two new shipping berths and a second rail terminal. The expansion will create 400 new jobs, support the UK’s growing role as a trade gateway and move the port closer to becoming Britain’s biggest container port by the end of the decade.

The 2025 investments underscore DP World’s strategy to create a uniquely connected global platform, from ports and terminals to inland logistics, marine services, warehousing, freight forwarding and technology. It’s married to a growing network of freight forwarding offices – now standing at more than 240 worldwide -- to meet the needs of ever more cargo owners.

“Our integrated model gives us visibility and control across the entire supply chain, helping our partners reduce risks and costs. No one else can offer this breadth of capabilities, and we are proud to deliver long-term value to the customers and communities we serve,” Bin Sulayem added.

The expanding footprint reflects DP World’s belief in trade as a force for good – creating jobs, accelerating development and improving access to goods for millions worldwide.

","pubDate":"Tue, 20 May 2025 09:08:24 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9b4300b2-20b3-47a3-b5c9-112718ec7c4e/500_dpworldlondongateway.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/9b4300b2-20b3-47a3-b5c9-112718ec7c4e/500_dpworldlondongateway.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9b4300b2-20b3-47a3-b5c9-112718ec7c4e/dpworldlondongateway.jpg?10000","ppImageTitle":"DP World London Gateway"},{"title":"DP World Signs Agreement to Launch $760M Port and Free Trade Zone in Dominican Republic","link":"https://www.dpworld.com/news/dp-world-signs-agreement-to-launch-760m-port-and-free-trade-zone-in-dominican-republic/","guid":"https://www.dpworld.com/news/dp-world-signs-agreement-to-launch-760m-port-and-free-trade-zone-in-dominican-republic/","caseid":"705888","subtitle":"Expansion to boost cargo capacity, attract $3.9 billion in foreign investment, and position Dominican Republic as a regional nearshoring and trade hub","description":"

SANTO DOMINGO, DOMINICAN REPUBLIC | MAY 14, 2025 – DP World has signed a landmark US$760 million Memorandum of Understanding (MoU) with the government of the Dominican Republic to expand the Port of Caucedo and its Free Trade Zone, setting the stage for the country to become a leading manufacturing and logistics hub for the Americas.

The MoU, signed with the Ministry of Industry, Commerce, and MSMES (MICM), initiates negotiations that will raise Caucedo’s container handling capacity from 2.5 million TEUs (twenty-foot equivalent units) to approximately 3.1 million TEUs, while unlocking 225 hectares of development-ready land for the Free Trade Zone.

Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: “This agreement marks a major step forward in our vision -- shared with our local partners and stakeholders -- to enhance the country’s competitiveness and connectivity, creating greater opportunities for local communities and businesses to thrive.”

“By boosting capacity and enabling nearshoring opportunities, we will transform Caucedo into the most advanced logistics hub in the Caribbean, not only strengthening supply chain resilience across the Americas but also creating a powerful engine for economic growth and job creation in the Dominican Republic. We are proud to deepen our partnership with the government and people of this vibrant nation, building a future where trade works better for everyone.”

DP World, which has operated in the Dominican Republic for over 25 years, currently manages both the marine terminal at the Port of Caucedo, and the adjacent 86-hectare Free Trade Zone Park. Since 2003, the company has invested more than $700 million in its development, boosting capacity from 900,000 TEUs in 2003 to 2.5 million TEUs today through steady investment and modernization. Combined, these strengthen the Dominican Republic’s in facilitating trade and logistics throughout the Caribbean.

Investment Breakdown

The new $760 million investment will be split evenly:

• $380 million for the port, including the expansion of the quay and breakwater to accommodate next-generation vessels and general cargo operations, new ship-to-shore cranes, yard equipment, advanced surveillance systems and security infrastructure, and upgrades to gates, roads and automation systems.

• $380 million for the Free Trade Zone, including a new road network, utilities, a commercial and marketing center to attract global tenants, and pre-built storage units.

A Gateway for the Americas

DP World estimates the combined project will add 300,000 TEUs a year of cargo volume, attract US$3.9 billion in FDI, driving US$4 billion in new manufacturing output to support thousands of new jobs.

Morten Johansen, Chief Operating Officer, DP World Americas, said: “This is a transformative investment, not just in infrastructure, but in the future of the Dominican economy. The expansion is expected to generate billions in foreign direct investment, create thousands of new jobs, and solidify the Dominican Republic’s position as a premier destination for nearshoring and global trade. We are proud to help unlock the country’s full potential and build a foundation for long-term prosperity.”

With its proximity to U.S. markets and duty-free access, the Dominican Republic offers a compelling environment for manufacturers and logistics providers, with competitive costs and robust tax incentives. Caucedo already serves as a vital transshipment and logistics hub in the region, and this expansion will enhance its role as a launchpad for global trade.

","category":"Ports","pubDate":"Wed, 14 May 2025 12:23:31 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/3c53b37e-9d3d-4bfb-9512-c209ae0af033/500_image1-7.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/3c53b37e-9d3d-4bfb-9512-c209ae0af033/500_image1-7.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/3c53b37e-9d3d-4bfb-9512-c209ae0af033/image1-7.jpg?10000","ppImageTitle":"Image 1"},{"title":"DP WORLD OPENS FIRST SINGAPORE WAREHOUSE TO STRENGTHEN ASIAN LOGISTICS CAPABILITIES","link":"https://www.dpworld.com/news/dp-world-opens-first-singapore-warehouse-to-strengthen-asian-logistics-capabilities/","guid":"https://www.dpworld.com/news/dp-world-opens-first-singapore-warehouse-to-strengthen-asian-logistics-capabilities/","caseid":"704906","summary":"

This new facility adds to DP World’s total warehousing capacity in Asia Pacific region, which now stands at more than 800,000 sqm.

The company has taken major strides in the past year to boost its Asian network, with acquisition of Legend Global Logistics, Cargo Services Far East and Savan Logistics.

","description":"

SINGAPORE – 7 May 2025: DP World, the international supply chain solutions business, today announced the opening of its first ever logistics asset in Singapore.

Strategically located in the city-state, which is the financial conduit between China and South-East Asia, the 13,000 sqm multi-user bonded, purpose-built warehouse at Mapletree Benoi Logistics Hub is the latest addition to DP World’s warehousing footprint in Asia Pacific, following the unveiling of similar facilities in Icheon, South Korea and Hong Kong respectively. Complemented by its global ports and terminals network and freight forwarding business, DP World now manages more than 800,000 sqm of warehousing space across the region.

Glen Hilton, CEO & Managing Director for DP World in Asia Pacific, said: “Today’s news is another significant milestone for us in Singapore, following the setup of our regional APAC headquarters here back in 2021. This new addition will better fortify our offerings across the entire spectrum of logistics services, backed by our network of ports and terminals in the region. With these new facilities in Singapore, Hong Kong and South Korea complementing the existing network of assets we manage, we are now better positioned than ever to deliver agile, efficient, and reliable logistics solutions. We will continue to make strategic investments in key markets to give the best possible service to our customers.”

Expanding footprint in Singapore to fuel regional growth

Since the relocation of its APAC regional office to Singapore in 2021, DP World has more than tripled its employee base in the country. Today, DP World employs more than 10,000 people in APAC, which makes up almost 10% of its global workforce.

Through key acquisitions in the last twelve months – including that of Singapore-based Legend Global Logistics (Legend) – the company has expanded its specialist logistics service offering for customers, adding new capabilities and expertise to its global networks of supply chain infrastructure.

Growing presence in Asia Pacific

In addition to Legend, DP World has completed the acquisition of Savan Logistics and Cargo Services Far East in the last twelve months. It also announced a US$50 million investment to develop a new logistics centre in Busan New Port, strengthening the port’s position as a logistics hub for Northeast Asia.

These moves are part of DP World’s broader vision to be the logistics partner of choice in Asia Pacific, delivering innovation, sustainability, and operational excellence at every step of the supply chain.

","pubDate":"Wed, 07 May 2025 09:48:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/033e79ea-802c-48e8-9605-abb6ee7f38b9/500_dpworld039sfirstwarehouseinsingapore.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/033e79ea-802c-48e8-9605-abb6ee7f38b9/500_dpworld039sfirstwarehouseinsingapore.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/033e79ea-802c-48e8-9605-abb6ee7f38b9/dpworld039sfirstwarehouseinsingapore.jpg?10000","ppImageTitle":"DP World's first warehouse in Singapore"},{"title":"JAFZA TURNS 40 WITH RECORD $190BN IN TRADE","link":"https://www.dpworld.com/news/jafza-turns-40-with-record-190bn-in-trade/","guid":"https://www.dpworld.com/news/jafza-turns-40-with-record-190bn-in-trade/","caseid":"704752","subtitle":"DP World’s flagship free zone proves the resilience of its integrated port+ free zone model, weathering four decades of global disruption and attracting billions in investment","description":"

Dubai, UAE – 6 May 2025: Jebel Ali Free Zone (Jafza) has marked its 40^th anniversary with record-breaking trade volumes of $190 billion over the last 12 months – a 15% year-on-year increase and its highest ever contribution to Dubai’s economy.

The milestone underscores the enduring strength of Jafza’s model – a purpose-built ecosystem integrating a major port, world-class logistics infrastructure and business-friendly policies. The free zone has helped Dubai navigate four decades of disruption -- from regional conflicts and financial crises to pandemics and today’s global trade tensions.

Established in 1985 as the Middle East’s free zone with just 19 companies, Jafza now hosts more than 11,000 businesses. Its infrastructure connects businesses to over 3.5 billion consumers by sea, air and land.

In the past 20 years alone, Jafza has attracted more than $30 billion in foreign direct investment (FDI) to Dubai and alongside Jebel Ali Port created over one million direct and indirect jobs.

His Excellency Sultan Ahmed bin Sulayem, Group Chairman & Chief Executive Officer, DP World, said: “It is fitting that Jafza has made its greatest ever contribution to trade in its 40^th year. Over the past four decades, it has proven to be an anchor of resilience and now serves as a blueprint for our approach to economic zone development. Whether replicating Jafza’s success or adapting it to local needs, we see every free zone as a platform for shared growth.”

Abdulla Bin Damithan, CEO & Managing Director, DP World GCC, added: “Dubai has undergone one of the most dramatic urban and trade transformations in modern history -- from a modest desert town with basic infrastructure to a global metropolis that is considered one of the smartest and most future-ready cities in the world. Its population has grown from 500,000 to 3.6 million and its economy has diversified with less than 1% of its GDP coming from oil, which is now driven by tourism, real estate, trade, aviation, and finance. The Jebel Ali ecosystem has had a big role to play in that, with modern infrastructure and business-friendly policies that have created a multimodal trade platform connecting over 3.5 billion consumers.”

A model for trade resilience

Jafza’s success has become a template for DP World’s global expansion. The concept is now in place across 11 economic zones in Europe, India, Africa and the Americas – with three more in development. These zones continue to drive investment, industrial growth and job creation, even amid geopolitical instability.

Today, Jafza attracts nearly 75% of Dubai’s FDI in manufacturing, trade and transport, as a hub for companies across sectors from electronics, automotive, pharmaceuticals, food, petrochemicals and advanced manufacturing.

As the foundation of DP World’s global strategy, Jafza remains a resilient and proven model for enabling trade in an increasingly fragmented world.

To learn more, go to www.jafza40.ae.

","pubDate":"Tue, 06 May 2025 10:55:48 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/a8d84b20-100c-4578-8f15-f7657b48d071/500_2.jafzawasthefirstfreezonetobeestablishedinthemiddleeast.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/a8d84b20-100c-4578-8f15-f7657b48d071/500_2.jafzawasthefirstfreezonetobeestablishedinthemiddleeast.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/a8d84b20-100c-4578-8f15-f7657b48d071/2.jafzawasthefirstfreezonetobeestablishedinthemiddleeast.jpg?10000","ppImageTitle":"2. Jafza was the first free zone to be established in the Middle East"},{"title":"DP WORLD AND ASIAN TERMINALS INC. INVEST US$100 MILLION TO BOOST CAPACITY AT MANILA SOUTH HARBOUR","link":"https://www.dpworld.com/news/dp-world-and-asian-terminals-inc-invest-us100-million-to-boost-capacity-at-manila-south-harbour/","guid":"https://www.dpworld.com/news/dp-world-and-asian-terminals-inc-invest-us100-million-to-boost-capacity-at-manila-south-harbour/","caseid":"704501","summary":"

Projects include the extension of Pier 3 berth, yard expansion, the addition of two new quay cranes, and the purchase of eco-friendly landside equipment.

Pier 3 berthing space has been extended to over 600 metres, with a depth of 13 metres; complemented by two new Ship-to-Shore cranes which are among the biggest deployed in the Philippines.

Expanded container yards now have static capacity of more than 20,000 TEUs.

Latest projects increase MSH’s annual throughput capacity by 25% to nearly two million TEUs.

","description":"

MANILA, PHILIPPINES – 2 May 2025: The Manila South Harbour (MSH), the Philippines’ premier international trade gateway, received a major operational boost as DP World and its strategic partner, Asian Terminals Inc., have announced the completion of milestone projects, poised to promote long-term economic growth and trade for the Philippines and Southeast Asia growth corridor.

DP World and ATI invested approximately US$100 million on projects which include the extension of Pier 3 berth to over 600 metres, yard expansion to accommodate 20,000 TEUs, the addition of two new Ship-to-Shore (STS) cranes, and purchase of eco-friendly landside equipment.

An official ceremony was held earlier in the day at MSH to celebrate this significant development. Led by Department of Transportation Secretary Vince Dizon, the event was attended by DP World’s senior leadership led by His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO, Philippine Ports Authority’s General Manager Jay Santiago, Bureau of Customs Commissioner Bienvenido Rubio, ATI President Eusebio Tanco as well as major stakeholders, customers, and industry partners.

In all, the recent development projects bring MSH’s annual throughput capacity to nearly two million TEUs, growing capacity by over 25% from 1.45 million TEUs previously. This enables the terminal to accommodate more cargo volume and bigger ships deployed by international carriers, providing faster and safer turnaround times to support the country’s international trade.

The two neo post-panamax STS cranes, manufactured by Shanghai Zhenhua Heavy Industries, are the largest among MSH’s 11 quay-side equipment and among the biggest ever deployed in the Philippines. With an outreach of 58 metres, each STS crane can handle vessels carrying up to 20 containers wide. Each crane is equipped with modern safety and operational features such as intelligent sensing systems for monitoring speed, vibration, temperature, trailer positioning, anti-collision, and automated diagnostics.

Plans are also underway to deploy electric and hybrid landside equipment, including yard tractors, container loaders and rubber-tired gantry cranes in support of MSH’s carbon reduction initiatives.

His Excellency Sultan Ahmed bin Sulayem, DP World Group Chairman & CEO, commented: “DP World is honoured to be partnering the Philippine government in modernising and advancing its critical trade infrastructure, by working closely with our local partner ATI. Investment in ports and logistics brings greater value down the value chain and prosperity to communities, a commitment which we embody in DP World as a trade enabler and leader in smart logistics.”

“Building on our strong partnership and seeing huge economic potential, we are lining up more investment projects in the coming years to future-proof the gateway terminals in Manila, Batangas, Cavite, and Laguna, in support of the resilient growth of the Philippine economy.”

Hon. Vince Dizon, Department of Transportation Secretary, commented: “The modernisation projects at MSH are a testament to the long-standing private-public-partnership to enhance the country’s trade facilities and capabilities, which are crucial in sustaining the country’s economic growth momentum. President Ferdinand Marcos Jr. values the importance of the role that the private sector plays as a driving force of the Philippine economy. We extend our gratitude to our partners from ATI and DP World for bringing in the operational knowledge, expertise, and resources, to make robust trade happen in the Philippines as an emerging economic powerhouse in the Asia Pacific region.”

Jay Daniel Santiago, Philippine Ports Authority General Manager, commented: “With bigger and more efficient facilities, through our partners in the private sector, we are elevating the capacity and capability of the country’s ports, particularly the Manila South Harbour, to connect the Philippines with the rest of the world, and serve as catalyst to long-term growth and prosperity, in support of port stakeholders.”

Eusebio H. Tanco, ATI President, commented: “We are very pleased to inaugurate these major development projects that collectively enhance our capacity and capability in delivering comprehensive and market-responsive services to our customers and stakeholders. ATI, alongside our partners from DP World, stands proud of our contribution to powering economic progress by ensuring supply chain efficiency through ATI’s strategic ports and logistics assets.”

In 2024, ATI handled almost 1.6 million TEUs in cumulative container volume, over 4% higher as compared to 2023. Of this, MSH handled around 1.3 million TEUs, nearly 8% higher than the total volume it handled the previous year, reflective of the expansion of the country’s economy.

For the first quarter of 2025 alone, MSH handled over 350,000 TEUs of international container boxes, over 25% higher compared to the same period in 2024, signalling the strong and resilient growth of the economy.

ATI is the local partner of DP World in the Philippines operating Manila South Harbour, the Integrated Batangas Port, Cavite Barge Terminal, and strategic inland logistics terminals which bring cargoes closer to beneficial cargo owners. The partnership leverages the local expertise of ATI and DP World’s global network and expertise to deliver comprehensive and innovative trade solutions for a more robust Philippine supply chain.

","category":"Ports","pubDate":"Fri, 02 May 2025 10:36:22 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/a3ba7035-0d2f-42cd-86c9-195100796313/500_manilasouthharbour.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/a3ba7035-0d2f-42cd-86c9-195100796313/500_manilasouthharbour.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/a3ba7035-0d2f-42cd-86c9-195100796313/manilasouthharbour.jpg?10000","ppImageTitle":"Manila South Harbour","ppImageDescription":"default"},{"title":"DP WORLD BEGINS $165M DOUBLING OF MAPUTO CONTAINER TERMINAL CAPACITY","link":"https://www.dpworld.com/news/dp-world-begins-165m-doubling-of-maputo-container-terminal-capacity/","guid":"https://www.dpworld.com/news/dp-world-begins-165m-doubling-of-maputo-container-terminal-capacity/","caseid":"704391","subtitle":"The expansion will enable the terminal to accommodate post Panamax-class vessels of up to 366 metres in length","description":"

MAPUTO, MOZAMBIQUE, 1 May 2025: The $165 million expansion of DP World’s container terminal at the Port of Maputo officially started on site today. Mozambique’s Minister of Transport and Logistics, the Honourable João Jorge Matlomb, was guest of honour at the ground-breaking event, underlining the importance of this major investment to the national and regional economies.

The expansion of the container terminal at the Port of Maputo is part of a long-term strategy to meet global trade demands, create thousands of new jobs and contribute to Mozambique’s economic growth. The project will significantly enhance capabilities of the port, positioning Maputo as a trade and logistics hub for Southern Africa and opening a gateway for larger container ships.

Mohammed Akoojee, CEO & Managing Director for Sub-Saharan Africa at DP World, said: “The container terminal expansion signifies our intent to strengthen Mozambique’s economic growth, together with the Government of Mozambique and our partners in the Maputo Port Development Company (MPDC).”

“The port of Maputo is at the heart of transforming trade on the African continent, as it has the potential to connect the land-locked countries of Southern Africa to the rest of the world. This investment reinforces Mozambique’s role as a key cargo gateway, improves its global competitiveness and positions the country as a dynamic business hub. By working hand-in-hand with our partners, we are committed to developing innovative end-to-end logistics solutions that reinvent trade on the South-Eastern coast of Africa.”

The port will be equipped with the latest technology and world-class infrastructure to boost operational capacity and efficiency, with the terminal yard and quay undergoing a complete revamp and modernisation. Yard capacity will increase by 6.48 hectares, doubling throughput from 255 000 TEUs to 530 000 TEUs, while the total quay length will be extended to 650 meters and the berth deepened to 16 meters.

To manage larger container volumes and a diverse range of commodities, new equipment will be introduced, including three ship-to-shore (STS) cranes capable of handling post-Panamax ships and an expanded fleet of rubber-tyred gantry (RTG) cranes, complementing the existing mobile harbour crane (MHC) fleet. Reefer container capacity will increase to over 700 plugs, supporting the growth of agricultural exports.

Captain Sumeet Bhardwaj, CEO DP World Maputo, said: “The container terminal’s increased capacity will lead to faster, cost-effective carrier turnarounds and more competitive freight rates that will attract more vessels to the Port of Maputo. The project will unlock economic opportunity across borders and create new possibilities for local industries. For farmers, manufacturers and exporters across Mozambique and beyond, their goods will reach new global markets quicker and cheaper, empowering communities, enhancing livelihoods and driving inclusive economic growth.”

Considerable technological enhancements will usher in a new era of fully automated and predictable operations, including the automation of gate facilities using optical character recognition technology which will streamline container number, condition and client identification processes, thereby cutting transaction times and minimising liabilities. In addition, the terminal operation system (TOS) will be enhanced, a robust vehicle booking system (VBS) will be implemented, and the port’s client community system (CCS) will be digitised for better connectivity with shipping lines, customs, and banks.

The project also prioritises the welfare of the workforce with new facilities to accommodate additional personnel, ensuring their wellbeing and the availability of a skilled labour force. Enhanced security measures, including broader live monitoring and advanced CCTV technologies, will improve operational safety.

Key Statistics

	Current Capacity	Expansion Capacity
Twenty-foot Equivalent Unit (TEUs)	255 000	530 000
Total Quay Length	308m	650m
Berth Depth	12m	16m
Reefer Containers	450 plugs	715 plugs

","pubDate":"Thu, 01 May 2025 13:16:43 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/8738f4e8-f91c-4a3e-b5f0-b747b42e1fd4/500_2b5a0330h.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/8738f4e8-f91c-4a3e-b5f0-b747b42e1fd4/500_2b5a0330h.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/8738f4e8-f91c-4a3e-b5f0-b747b42e1fd4/2b5a0330h.jpg?10000","ppImageTitle":"2B5A0330h"},{"title":"DP WORLD PILOTS HYDROGEN FUEL CELL CRANE AT VANCOUVER PORT","link":"https://www.dpworld.com/news/dp-world-pilots-hydrogen-fuel-cell-crane-at-vancouver-port/","guid":"https://www.dpworld.com/news/dp-world-pilots-hydrogen-fuel-cell-crane-at-vancouver-port/","caseid":"701153","subtitle":"Successful first test of technology on Rubber Tyred Gantry Crane marks major step in DP World’s global push to decarbonize its ports and terminals","description":"

VANCOUVER, BRITISH COLUMBIA | APRIL 24, 2024 – DP World has successfully completed initial testing of its hydrogen fuel cell rubber-tired gantry (RTG) crane at the Port of Vancouver, marking a significant milestone in decarbonizing its port operations. The RTG is now undergoing field testing as the company assesses the feasibility of electrifying its global fleet of 1,500 RTG cranes.

Traditionally powered by diesel, RTG cranes are essential for cargo handling but are significant contributors to greenhouse gas emissions. At DP World’s Vancouver terminal, 19 RTG cranes account for 50% of diesel consumption and generate over 4,200 tonnes of CO2 annually. The adoption of hydrogen technology promises to dramatically reduce or even eliminate this impact.

Doug Smith, CEO of DP World in Canada, said: “As one of the world’s foremost port and terminal operators, we are dedicated to advancing sustainable practices that will drive industry-wide change. This pilot not only marks an important step in DP World’s commitment to decarbonizing its operations, but it also sets a new benchmark in sustainable logistics. Real-world testing ensures our solutions are reliable and effective and could open the door to electrifying our global fleet of RTGs.”

DP World launched its pilot project in October 2023. The first phase included retrofitting a diesel RTG with an integrated solution consisting of a Hydrogen-Electric Generator (HEG), battery energy storage system, hydrogen storage module, regenerative energy capture, and integrated control and safety systems. The RTG has now entered its second phase, a one-year field trial to track performance parameters such as hydrogen consumption, energy generation, and regenerative energy capture rates.

This data will allow the team to compare the zero-emission hydrogen electric RTG to a traditional diesel-powered RTG in terms of productivity, reliability, maintainability, costs and environmental benefit.

DP World partnered with TYCROP Manufacturing Ltd., H2 Portable and HTEC for this pioneering project. H2 Portable, together with TYCROP, designed a Hydrogen-Electric Generator (HEG) utilizing a dual fuel cell and battery energy storage system, while HTEC provided the hydrogen storage system and hydrogen supply.

To operate, the RTG crane stores up to 135 kg of compressed gaseous hydrogen in 15 pressurized tanks. Hydrogen is fed to the fuel cell system, which charges a high-voltage battery that powers the crane’s electric drive. The bidirectional power system recovers energy when lowering containers, significantly reducing energy demand and enhancing operational efficiency.

Scott Mason, President and CEO, TYCROP, said: “Through our work with DP World, H2 Portable and HTEC, we achieved a major milestone in zero-emission power. During factory acceptance testing, the system ran continuously for 16 hours, lifting and lowering a 40-ton load 105 times — and emitted only steam, rather than 400 kilograms of CO2 from a comparable diesel unit. This accomplishment highlights what can be done when industry and government collaborate to drive innovation.”

George Rubin, Managing Director of Commercial Operations, H2 Portable, said: “Working alongside DP World, our Advanced Power system is demonstrating how hydrogen-based technology can deliver meaningful performance benefits. Early field operations have exceeded key benchmarks, and we look forward to building on these results as we explore broader adoption across the industry.”

Jeff Grant, Vice President of Transportation Solutions, HTEC, said: “At HTEC, we’re proud to support this groundbreaking project by providing hydrogen storage and fuel supply. Together with DP World, TYCROP and H2 Portable, we’re showing how the power of collaboration is driving the transition to cleaner energy solutions.”

If the field trial is successful, DP World will consider converting its 25 diesel-powered RTG cranes in Vancouver and Prince Rupert in a bid to meet its zero-emissions objectives. There are additional plans underway to trial an electric terminal tractor at the Port of Vancouver, and the company is in the process of acquiring a fleet of electric vehicles.

The Port of Vancouver was selected as the ideal site for this pilot due to its thriving hydrogen and fuel cell ecosystem and strong support from the Province of British Columbia.

","pubDate":"Fri, 25 Apr 2025 09:37:38 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/990d4809-dd0a-43c0-9619-655766e80dc9/500_amr.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/990d4809-dd0a-43c0-9619-655766e80dc9/500_amr.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/990d4809-dd0a-43c0-9619-655766e80dc9/amr.jpg?10000","ppImageTitle":"AMR"},{"title":"INAUGURAL $4 MILLION DP WORLD INDIA CHAMPIONSHIP JOINS THE 2025 RACE TO DUBAI","link":"https://www.dpworld.com/news/inaugural-4-million-dp-world-india-championship-joins-the-2025-race-to-dubai/","guid":"https://www.dpworld.com/news/inaugural-4-million-dp-world-india-championship-joins-the-2025-race-to-dubai/","caseid":"697934","subtitle":"DP World India Championship will take place at Delhi Golf Club from October 16-19, 2025","description":"

Delhi, India, 23 April 2025: Global smart logistics provider DP World and the DP World Tour have launched the DP World India Championship, a new $4 million tournament – the largest prize fund ever offered for a DP World Tour event in India.

Taking place at the historic Delhi Golf Club from October 16-19, the tournament is co-sanctioned with the Professional Golf Tour of India (PGTI) and will be part of the ‘Back 9’ on the 2025 Race to Dubai, the second phase of the season following the ‘Global Swings’.

The DP World India Championship underscores India’s growing influence as a destination for elite golf and as a strategic market for DP World. The announcement follows the success of the 2025 Hero Indian Open, won by Eugenio Chacarra, and further boosts the Tour’s momentum in the region.

The tournament also marks the Tour’s return to Delhi Golf Club for the first time since 2016. Originally established in the 1930s, the Lodhi Championship Course hosted the inaugural Indian Open in 1964 and was redesigned by Peter Thomson in 1977, with further enhancements by Gary Player Design in 2019.

As the Tour’s title partner since 2022, DP World is reaffirming its commitment to golf with this new tournament. It complements its broader sporting footprint in India, which includes partnerships with the Delhi Capitals, and its grassroots programmes like the ‘second life’ container initiative and ‘Balls for Birdies’ campaign.

Rizwan Soomar, CEO & Managing Director, Middle East, North Africa & India Subcontinent of DP World said: “As a long-term partner of the Tour, we are delighted to announce the formation of

the DP World India Championship. We are committed to growing the game of golf in the country and with our expertise, assets and global network, we are working to elevate the Tour in every way and drive positive community impact. The DP World India Championship reflects this commitment, ensuring that golf continues to evolve in exciting ways.”

Ben Cowen, DP World Tour Chief Tournament & Operations Officer, said: “We are delighted to extend our commitment to golf in India by establishing the new DP World India Championship alongside our valued partner DP World. DP World have been crucial to the development of this exciting new event, and we look forward to building on our shared vision to grow the game in the country. Our thanks also go to Delhi Golf Club for giving us the opportunity to return to such an iconic venue this October.”

Mr Kapil Dev, President of the Professional Golf Tour of India, said, “The inaugural DP World India Championship is a landmark moment for Indian golf and a true reflection of India’s rising stature on the international golfing stage. We look forward to working jointly with our partners at the DP World Tour in making the event a grand success. The tournament provides a great opportunity for our professionals to rub shoulders with some of the best players in the world and gain valuable international exposure. A world-class field vying for a record prize purse and playing at a top-notch international venue such as Delhi Golf Club makes for a spectacle for Indian golf fans. The event will greatly contribute to further popularising the sport in our country.”

Mr Raj Khosla, President of the Delhi Golf Club, said: “We look forward to welcoming the DP World India Championship, where golfers from across the world shall not only get a chance to showcase their golfing skills, but also enjoy the magnificent scenic beauty of Delhi Golf Club. I would draw special attention to the uniqueness of Delhi Golf Club, in that this wonderful course is inter-weaved between approximately 500-year-old Lodhi era monuments, offering a fabulous old-world charm while retaining a city-centre location that is easily accessible for golf fans.”

The DP World India Championship will be the eighth of nine events in the ‘Back 9’ phase of the 2025 Race to Dubai, building towards the season-ending DP World Tour Play-Offs and culminating in the DP World Tour Championship at Jumeirah Golf Estates in Dubai.

","category":"Partnerships","pubDate":"Wed, 23 Apr 2025 13:50:30 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/f8a3e845-e0ab-4825-8a92-299f209a4801/500_dpw-ic-03announcegraphic16x9-brown100.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/f8a3e845-e0ab-4825-8a92-299f209a4801/500_dpw-ic-03announcegraphic16x9-brown100.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/f8a3e845-e0ab-4825-8a92-299f209a4801/dpw-ic-03announcegraphic16x9-brown100.jpg?10000","ppImageTitle":"DPW_IC_03 Announce Graphic 16x9_Brown[100]"},{"title":"DP World Breaks Ground on Duke Point Terminal Expansion, Strengthening Vancouver Island’s Global Connectivity","link":"https://www.dpworld.com/news/dp-world-breaks-ground-on-duke-point-terminal-expansion-strengthening-vancouver-islands-global-connectivity/","guid":"https://www.dpworld.com/news/dp-world-breaks-ground-on-duke-point-terminal-expansion-strengthening-vancouver-islands-global-connectivity/","caseid":"693265","subtitle":"Snuneymuxw First Nation, Port of Nanaimo, and DP World commemorate project launch with ceremonial land blessing and sod-turning event","description":"

VANCOUVER, BRITISH COLUMBIA | APRIL 8, 2025 – DP World, a global leader in logistics and supply chain solutions, officially launched construction of the Duke Point Terminal expansion today, aimed at significantly enhancing Vancouver Island’s connectivity and trade resilience with global markets. Representatives from the Snuneymuxw First Nation, Port of Nanaimo, and DP World marked the occasion with a ceremonial land blessing and sod-turning event.

With support from Snuneymuxw First Nation and the Port of Nanaimo, DP World's Duke Point Terminal project will significantly increase operational efficiency and handling capacities. Once completed, the terminal’s berth length will nearly double from 182 metres to 325 metres, while cargo-handling capacity will expand to 280,000 twenty-foot equivalent units (TEUs) annually.

This will enable Duke Point Terminal to serve larger international vessels, provide improved services for importers and exporters, and facilitate smoother regional and international trade. Additionally, the project establishes a robust short-sea shipping connection between Nanaimo and Vancouver, improving trade routes to key Asian markets.

The terminal expansion will also feature additional storage capacities designed to accommodate a wider array of cargo, including a dedicated 26,000 square-foot covered storage area for pulp products. DP World is also replacing the existing diesel-powered quay crane with two fully electric cranes.

The project is supported by Snuneymuxw First Nation’s free, prior and informed consent, and is supported by a 50-year lease agreement between DP World and the Port of Nanaimo, both of which were important first steps in the planned terminal expansion. The project was funded through combined public and private investments, including $46.2 million from the federal government’s National Trade Corridors Fund (NTCF) and $15 million from the Province of British Columbia under the Regional Port Enhancement Program, part of B.C.’s Economic Recovery Plan.

Doug Smith, CEO, DP World in Canada, said: “DP World is proud to play a pivotal role in advancing Canada’s trade and economic growth through transformative infrastructure projects like the Duke Point Expansion in Nanaimo. By expanding Duke Point Terminal, we’re not just building additional infrastructure – we’re investing in a future where Vancouver Island is a key driver of global trade. The extended berth will help position Vancouver Island as a key hub for international commerce, underscoring our ongoing commitment to pioneering sustainable, resilient supply chains.”

Chief Mike Wyse, Snuneymuxw First Nation, said: “The Duke Point area is in the heart of Snuneymuxw First Nation territory, living in relationship with our economy, trade and way of being. We are supporting the expansion of modern shipping in Duke Point based on clear recognition of the rights enshrined in our Snuneymuxw Sarlequun Treaty of 1854. We are honoured to uphold our Nation’s longstanding responsibility to support the growth of the local economy, benefiting all communities connected to our lands.”

George Anderson, Parliamentary Secretary for Transit, on behalf of Mike Farnworth, Minister of Transportation and Transit., Province of BC, said: “Today’s groundbreaking for the Duke Point Expansion Project marks a significant step in strengthening B.C.’s economy at a crucial time. B.C.’s ports are vital gateways to global markets, especially for exporting our natural resources. This project will create opportunities for local industries, support good-paying jobs, and strengthen supply chains—enhancing our global competitiveness while building a more resilient and self-reliant economy.”

Ian Marr, President and CEO, Port of Nanaimo, said: “Through projects like the Duke Point Phase 2/3 Terminal Expansion, the Port of Nanaimo, and our partners, are creating cooperative solutions to current operating constraints in the supply chain. This is a catalyst for reconciliation, diversification, job creation in our local community, and co-operative economic development opportunities for BC and Canada.”

DP World's Canadian operations extend across the country, with key terminals located in Vancouver, Nanaimo, Fraser Surrey, Prince Rupert, and Saint John. The company continues to invest in its Canadian ports, underscoring its commitment to enhancing operational efficiency, expanding service offerings, and delivering exceptional value to its customers. By proactively developing infrastructure and implementing sustainable, innovative technologies, DP World remains committed to bolstering Canada's global trade connectivity, resilience, and sustained economic growth.

","pubDate":"Tue, 08 Apr 2025 08:18:56 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/81a14858-59ef-40db-9149-b73c377f2ab5/500_duke-point.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/81a14858-59ef-40db-9149-b73c377f2ab5/500_duke-point.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/81a14858-59ef-40db-9149-b73c377f2ab5/duke-point.jpg?10000","ppImageTitle":"duke_point"},{"title":"DP WORLD’S LONDON GATEWAY LOGISTICS PARK CONTINUES GROWTH WITH KENT FOODS DEAL","link":"https://www.dpworld.com/news/dp-worlds-london-gateway-logistics-park-continues-growth-with-kent-foods-deal/","guid":"https://www.dpworld.com/news/dp-worlds-london-gateway-logistics-park-continues-growth-with-kent-foods-deal/","caseid":"693192","description":"

London, United Kingdom – 07 April 2025: DP World and Kent Foods, one of Europe’s leading suppliers of foodstuffs, have signed a deal in excess of £20m to establish a new storage facility at London Gateway Logistics Park.

Under the 10-year lease agreement, Kent Foods – a part of The Albex Group – will occupy a 150,000 sq. ft warehouse to store food products arriving at London Gateway’s state-of-the-art container port before being distributed throughout the UK by rail and road. Kent Foods took occupation on 27th February.

Construction was completed last year, and temperature-controlled freezer units have now been installed to accommodate a wide array of goods, including chocolate, sugar and cooking oils. The warehouse has been built to the highest sustainability standards, having been awarded both a BREEAM ‘Outstanding’ and EPC ‘A’ rating.

Alan Holland, Chief Executive Officer of London Gateway Logistics Park, said: “We are delighted to welcome Kent Foods as our newest customer to London Gateway Logistics Park, marking yet another key growth milestone for our operations and for DP World in the UK. Kent Foods will be able to leverage the full financial benefits of Thames Freeport and London Gateway’s rail terminal and extensive road links. We are going from strength to strength as customers continue to choose DP World and our well-connected site on the Thames Estuary as the best place to support their supply chain journeys and UK-wide commercial operations.”

Maciej Szczygiel, Managing Director for the South East Region at Albex Logistics, said: “Kent Foods are excited to take entry into their new logistics centre at London Gateway Logistics Park, which will be managed for them by fellow Albex Group member, Albex Logistics South East. The industry-leading facilities at this port-centric location will enable Kent Foods to further improve their service to UK food manufacturers by reducing port-to-production timelines for imported raw materials and speeding up the export of finished foodstuffs around the globe.”

Michael Dalglish, Albex Group Operations Director, added: “Kent Foods and Albex Logistics are fully focused on delivering innovative, sustainable, and efficient solutions for the food industry. This facility at London Gateway is yet another major contribution to this objective.”

Located within Thames Freeport, a special economic zone designed to boost trade and investment, Kent Food’s new storage facility will benefit from the hub’s strategic location. The Freeport offers direct access to London and the Southeast consumer market while providing businesses with financial incentives, including employer National Insurance savings and capital allowances on investments.

Global real estate advisor Avison Young represented Kent Foods throughout the acquisition.

In addition to its hubs at Southampton and London Gateway, DP World’s end-to-end solutions include logistics, forwarding and European transport capabilities, all seamlessly integrated into the company’s global network. Operating in 78 countries, DP World handles 10 per cent of global containerised trade, driving supply chain efficiency worldwide.

","pubDate":"Mon, 07 Apr 2025 15:31:46 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/fe540d36-7c16-46ad-9231-25ff1779f809/500_creditmiruvisuals-dpworldlondongateway-logisticspark.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/fe540d36-7c16-46ad-9231-25ff1779f809/500_creditmiruvisuals-dpworldlondongateway-logisticspark.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/fe540d36-7c16-46ad-9231-25ff1779f809/creditmiruvisuals-dpworldlondongateway-logisticspark.jpg?10000","ppImageTitle":"Credit Miru Visuals - DP World London Gateway_Logistics Park"},{"title":"VINYL BOOM SEES 10 MILLION RECORDS SHIPPED FROM SINGLE DP WORLD WAREHOUSE","link":"https://www.dpworld.com/news/vinyl-boom-sees-10-million-records-shipped-from-single-dp-world-warehouse/","guid":"https://www.dpworld.com/news/vinyl-boom-sees-10-million-records-shipped-from-single-dp-world-warehouse/","caseid":"693158","description":"

London, United Kingdom – 07 April 2025: DP World has shipped over 10 million vinyl records from its Bicester facility, the UK’s largest distribution warehouse for music and video products, since opening in August 2023.

Powered by semi-autonomous ‘picking’ robots, developed by Locus Robotics, the warehouse has become the epicentre of physical music distribution in the UK, playing a key role in the ongoing ‘vinyl revival’. Moving independently all across the warehouse following worker input, the robots ensure a seamless blend of automation and manual precision.

Handling more than 70% of all physical music and 35% of home entertainment products sold in the UK, the 270,000 sq. ft facility distributed upwards of 20 million units across all product lines in its first year. It supplies some of the world’s largest retailers, including Amazon and HMV, as well as more than 400 independent record stores.

The DP World facility at Bicester has also seen significant growth in e-commerce sales, distributing approximately 2 million units direct to customers in 2024.

Neil Lander, Business Development Director, EMEA – DP World Logistics, said: “The milestone shipment of Bicester’s 10-millionth vinyl record is testament to the work of our team to help support the revival of Britian’s physical music and home entertainment sector. With over 80 semi-autonomous ‘pick robots’, we have built a highly scalable and efficient operation, and we are very excited to continue supporting the UK’s thriving physical music industry, especially as we approach Record Store Day on 12 April.”

Christopher Crellin, CFO of Sony Music UK, said: “Fans love consuming music in multiple ways, especially on vinyl. DP World’s state-of-the-art facilities are industry-leading and play a crucial role in supporting physical formats as an integral part of an artists' career, which strengthens the music ecosystem for all.”

David Sharpe, COO at Universal Music UK, said: “DP World developed an incredibly impressive facility in record time, and are now operating with near-perfect service levels. Their quick delivery and impeccable work has been a real driving force behind the UK’s much-celebrated vinyl resurgence.”

With vinyl sales continuing to grow year-on-year, DP World’s Bicester warehouse has become a key part of Britain’s physical music supply chain, facilitating the ongoing ‘vinyl revival’. Since opening in August 2023, it has distributed 10.5 million records, 13 million CDs and 8 million DVDs, with further growth expected across all three product types in 2025.

In addition to its hubs at Southampton and London Gateway, DP World’s end-to-end solutions include logistics, forwarding and European transport capabilities, all seamlessly integrated into the company’s global network. Operating in 78 countries, DP World handles 10 per cent of global containerised trade, driving supply chain efficiency worldwide.

","pubDate":"Mon, 07 Apr 2025 11:33:57 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/7a26616c-22fa-4256-a1c9-40d4ba6afbfc/500_creditdpworld-locusrobotsbeingloadedwithboxes.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/7a26616c-22fa-4256-a1c9-40d4ba6afbfc/500_creditdpworld-locusrobotsbeingloadedwithboxes.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/7a26616c-22fa-4256-a1c9-40d4ba6afbfc/creditdpworld-locusrobotsbeingloadedwithboxes.jpeg?10000","ppImageTitle":"Credit DP World - Locus robots being loaded with boxes"},{"title":"DP WORLD EXPANDS NAMIBIA COLD CHAIN CAPABILITIES WITH $2 MILLION FACILITY IN WALVIS BAY","link":"https://www.dpworld.com/news/dp-world-expands-namibia-cold-chain-capabilities-with-2-million-facility-in-walvis-bay/","guid":"https://www.dpworld.com/news/dp-world-expands-namibia-cold-chain-capabilities-with-2-million-facility-in-walvis-bay/","caseid":"692986","summary":"

The new, state-of-the-art distribution facility boosts food service capacity by 50% for regional food distributor, Seapride Foods Coastal

Expansion strengthens Namibia’s cold chain infrastructure to support growing demand in the hospitality, retail and export sectors

","description":"

WALVIS BAY, NAMIBIA – 4 April 2025: DP World has opened a state-of-the-art temperature-controlled distribution facility in Walvis Bay, enhancing Namibia’s cold chain capabilities to meet rising demand for food service supply on the coast. The $2 million investment underscores DP World’s commitment to driving trade efficiency and economic growth in the region.

As the new home of Seapride Foods Coastal, the facility – located at Deep Catch Namibia’s Atlantic Commercial Cold Store (ACCS) premises – features 720 pallets and will increase storage and occupational resources capacity for the service by 50%. Along with a new office building, will significantly enhance food service capacity for the Seapride Foods Coastal.

Bruce Denyer, Executive Vice President Market Access Consumer sub- Saharan Africa (SSA), said: “As part of DP World’s expansion strategy for our Market Access Consumer and other key capabilities in Southern Africa, this investment is a testament to our confidence in Namibia’s future potential, particularly with the region's ongoing economic upturn, driven by sectors such as tourism, mining exports, container traffic, oil exploration, and future hydrogen fuel infrastructure.”

Since its founding in 1992, Seapride Foods Coastal has grown from a modest seafood supplier into a leading regional distributor, serving Namibia, Zimbabwe, Zambia, and South Africa. The company supplies a diverse range of meat, seafood, poultry, frozen foods, desserts, beverages, and specialty items to the Hotel, Restaurant, Catering, and Retail sectors.

Seapride Foods Coastal is part of Deep Catch Namibia Holdings, a 100% DP World-owned entity, acquired Seapride in 2013, and has overseen its rapid growth. However, the growth also brought new operational challenges, necessitating increased storage capacity.

Christoph Kubirske, Managing Director of Deep Catch Holdings, said: “The demand for temperature-controlled space has consistently outgrown our capacity, and storage required a supplementary eight reefer containers that were placing a strain on municipal electrical infrastructure. However, by utilising the space at ACCS to build a new temperature-controlled facility means we can not only maintain but also vastly improve service levels for customers as Seapride continues to grow.”

Denyer concluded: “Our new Walvis Bay facility is designed to optimise efficiency, enhance product integrity, and expand capacity to meet the growing demands of our customers. As we embark on this new chapter, we extend our gratitude to our team, customers, and partners who have been integral to our journey.”

Key Features of the Facility

Total Storage Capacity	720 pallets
Freezer Storage (-20°C)	434 pallets
Chiller Storage (+2°C)	120 pallets
Dry Store Capacity	210 pallets
Receiving & Dispatch	3 loading docks at 10°C
Advanced Refrigeration	Freon-based system ensuring precise temperature control
Workspaces	Modern office and operational facilities for 74+ staff members

","pubDate":"Fri, 04 Apr 2025 09:26:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/2a644b49-1db4-43bb-a745-767241e95961/500_spcs-66.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/2a644b49-1db4-43bb-a745-767241e95961/500_spcs-66.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/2a644b49-1db4-43bb-a745-767241e95961/spcs-66.jpg?10000","ppImageTitle":"SPCS-66"},{"title":"DP WORLD AND RELIANCE INDUSTRIES PARTNER ON INNOVATIVE RAIL SOLUTION","link":"https://www.dpworld.com/news/dp-world-and-reliance-industries-partner-on-innovative-rail-solution/","guid":"https://www.dpworld.com/news/dp-world-and-reliance-industries-partner-on-innovative-rail-solution/","caseid":"691441","description":"

DP World and India’s Reliance Industries have teamed up to launch an innovative logistics solution for the petrochemicals industry, shifting product transport from road to rail, significantly cutting carbon emissions while enhancing operational efficiency.

The new solution connects Reliance Industries’ Jamnagar plant in Gujarat to DP World’s inland container depot (ICD) in Ahmedabad and onward to the port of Mundra. Previously, the Mundra-Jamnagar-Mundra round trip involved approximately 700km of road transport for each container. With the new solution, the Ahmedabad-Jamnagar-Mundra route, also approximately 700km, has been converted to rail. This transition eliminates the environmental and operational challenges associated with long-distance road transport while maintaining the same coverage.

The integrated rail service enables the transport of up to 1260 tonnes of cargo and consolidates up to 45 containers in a single movement, streamlining logistics and reducing the need for multiple trailers and drivers. This not only cuts down on transportation costs but also ensures seamless vessel connectivity for timely exports. By reducing over 700km of road transport per container, the rail solution significantly reduces carbon emissions and contributes to Reliance’s environmental goals.

Ganesh Raj, Global Chief Operating Officer, DP World Marine Services, said: “This service exemplifies DP World’s ability to solve complex logistics challenges for leading companies like Reliance Industries. By leveraging our multimodal assets and expertise, we have delivered a tailored, cost-effective alternative to road transport that enhances supply chain reliability, streamlines operations, and reduces environmental impact. This innovative approach not only aligns with Reliance’s sustainability commitments but also ensures greater efficiency, seamless coordination, and timely exports to support their growing operational demands.”

Ravikumar Nair, Head SCM Operations, Reliance Industries Ltd - Petchem said: “DP World’s innovative approach has provided us with a logistics solution that addresses critical operational needs while advancing our sustainability objectives. The shift from road to rail has streamlined our operations, reduced carbon emissions, reduced road exposure by eliminating 45 road trailer movement, and reinforced our commitment to responsible and efficient supply chain practices.”

Spanning over a decade, this collaboration is an extension of the longstanding partnership between Reliance Industries Ltd and Unifeeder, a DP World company, which acts as Reliance’s primary logistics service provider. By integrating DP World’s rail services and leveraging the ICD in Ahmedabad, Unifeeder ensures seamless operations for Reliance. The new rail service is part of a long-term contract, with plans to expand capacity and offer more flexibility to meet Reliance’s growing logistics needs.

Adhendru Jain, Vice President of Rail and Inland Terminals, DP World Subcontinent, added: “We are committed to providing customers with integrated solutions that make supply chains resilient and sustainable. The newly flagged coastal-rail integrated service not only fulfils Reliance Industries' efficiency requirements but also ensures sustainable cargo movement. We are confident that this multimodal solution will drive significant value for Reliance Industries and inspire more businesses to adopt a multimodal approach towards making their supply chains agile, reliable, and sustainable.”

","pubDate":"Fri, 21 Mar 2025 09:59:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/000fa2f9-43ae-44e6-9e11-22e60eda9ee8/500_dta-5096.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/000fa2f9-43ae-44e6-9e11-22e60eda9ee8/500_dta-5096.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/000fa2f9-43ae-44e6-9e11-22e60eda9ee8/dta-5096.jpg?10000","ppImageTitle":"DTA_5096"},{"title":"DP WORLD’S DEEP-WATER PORT PROJECT IN THE DEMOCRATIC REPUBLIC OF CONGO MOVES FORWARD","link":"https://www.dpworld.com/news/dp-worlds-deep-water-port-project-in-the-democratic-republic-of-congo-moves-forward/","guid":"https://www.dpworld.com/news/dp-worlds-deep-water-port-project-in-the-democratic-republic-of-congo-moves-forward/","caseid":"691294","description":"

Dubai, UAE – 20 March 2025: DP World, a global leader in trade and logistics, has selected Mota-Engil, a renowned and experienced construction company, to lead the development of the Banana Port, a vital project that will strengthen the DRC’s position as a key trade hub.

This partnership marks a major milestone in the realization of the Banana Port project, which is set to transform the country’s trade landscape by providing state-of-the-art infrastructure, reducing cost for businesses, and reinforcing the DRC’s economic independence.

Located in Kongo Central province along the Atlantic coast, the Banana Port represents a major investment in the DRC’s infrastructure. As the DRC’s single maritime gateway for containerized cargo, it will streamline trade processes, centralize all administrative and customs operations, and enhance the government’s visibility and control over foreign trade operations.

The Banana Port will be developed in phases with the first phase designed to accommodate the world’s largest vessels and featuring a 600-meter quay, handling capacity of 450,000 TEUs per year and storage 30 hectares of storage area. The second phase will extend the quay wall by over 2 kilometers. The port is a DP World investment with the participation of British International Investment (BII), the UK’s development finance institution and impact investor.

The construction of the port will involve numerous companies, including local enterprises and create thousands of direct and indirect jobs, providing new opportunities for Congolese workers and businesses. As the country’s first fully-equipped maritime gateway, it will cut transport costs, improve trade efficiency, and support local industries, from agriculture to manufacturing.

Mota-Engil, a leading engineering and construction firm with decades of experience in large-scale infrastructure projects, brings its extensive expertise in port development, transportation infrastructure, and logistics solutions. With a strong presence across Africa, Mota-Engil has successfully delivered projects that drive economic growth and regional connectivity. The company’s commitment to innovation, sustainability, and high-quality standards aligns with DP World’s vision for the Banana Port.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, emphasized the strategic importance of this development: “The Banana Port is a transformative project that will reshape the trade and logistics landscape of the Democratic Republic of Congo. By partnering with Mota-Engil, we are ensuring that this world-class infrastructure is built to the highest standards, fostering economic growth and creating new opportunities for the Congolese people. DP World remains committed to delivering a world-class port that empowers the people of the DRC. This project will transform trade, create jobs, and strengthen the country's economy for generations to come.”

Through this collaboration with Mota-Engil, DP World reaffirms its commitment to delivering world-class infrastructure that will support the long-term economic growth of the DRC and improve the lives of millions of Congolese.

","pubDate":"Thu, 20 Mar 2025 10:04:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/26efb1aa-dd8b-4aa1-8adf-5d332e08b6e2/500_dsc06623.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/26efb1aa-dd8b-4aa1-8adf-5d332e08b6e2/500_dsc06623.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/26efb1aa-dd8b-4aa1-8adf-5d332e08b6e2/dsc06623.jpg?10000","ppImageTitle":"DSC06623"},{"title":"DP World and Maersk Sign Long-Term Agreement to Expand Maritime Services in Brazil","link":"https://www.dpworld.com/news/dp-world-and-maersk-sign-long-term-agreement-to-expand-maritime-services-in-brazil/","guid":"https://www.dpworld.com/news/dp-world-and-maersk-sign-long-term-agreement-to-expand-maritime-services-in-brazil/","caseid":"691162","subtitle":"Long-term agreement to boost container-handling capacity and increase weekly vessel calls, supporting Brazil’s growing trade demands","description":"

Santos, Brazil | March 17, 2025: DP World, a global leader in logistics and supply chain solutions, has signed a long-term strategic agreement with Maersk, one of the world’s leading companies in maritime transport and logistics, to expand maritime services at DP World’s terminal in the Port of Santos, Brazil.

DP World operates one of the country’s largest private terminals at the Port of Santos. Under the terms of the eight-year agreement, Maersk will introduce additional long-term services and maintain a minimum service level. In the first year, Maersk will launch six new services with eight weekly calls, increasing to seven services and 10 weekly calls in 2026 following DP World’s capacity expansion.

Currently, the terminal handles 1.4 million twenty-foot equivalent units (TEUs) annually. To accommodate growing demand, DP World is investing R$450 million to expand its container-handling capacity to 1.7 million TEUs by the end of 2026. The company also plans to invest an additional R$1.6 billion to further increase capacity to 2.1 million TEUs by the end of 2027.

Márcio Medina, Commercial Vice President at DP World in Brazil, said: “This announcement is another strategic step for DP World in Brazil, reinforcing our presence at the Port of Santos, and accelerating new expansion opportunities in the country. This agreement with Maersk not only allows us to expand our operational capacity for container handling but also ensures long-term aces to Brazil’s leading port and logistics hub.”

Paulo Ruy, Regional Head of Terminal & Port Procurement for Latin America at Maersk, said: “This agreement with DP World secures service capacity for Maersk at the Port of Santos. It aligns with our strategy to ensure reliable and efficient operations for our customers in the region. By having this commercial agreement with DP World, we are able to meet the growing demand for container handling and enhance our service offerings, ensuring that we continue to provide end to end logistics solutions, in addition to our stand-alone products.”

In 2024, DP World set a new record for container-handling volume at the Port of Santos, surpassing 1.25 million TEUs – a 14% year-over-year increase. This growth was driven by expanded container operations and the introduction of new services. The company recently invested $50 million in advanced port equipment as part of its ongoing $85 million terminal expansion project, which will increase capacity to 1.7 million TEUs and further support Brazil’s economic growth.

Additionally, DP World has strengthened its network through a new agreement with Rumo, Brazil’s leading railway operator, to develop a new terminal for grain and fertilizer shipments, adding 12.5 million tons of operating capacity per year.

Committed to enhancing global supply chains, DP World continues to modernize infrastructure, expand capacity, and create new trade opportunities in Latin America and beyond. For more information, visit DP World.

","pubDate":"Wed, 19 Mar 2025 06:42:22 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/123e18d2-7e3e-4771-bec4-a9c313c419c0/500_containerterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/123e18d2-7e3e-4771-bec4-a9c313c419c0/500_containerterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/123e18d2-7e3e-4771-bec4-a9c313c419c0/containerterminal.jpg?10000","ppImageTitle":"Container terminal"},{"title":"FIRST SERVICE FROM DP WORLD MUNDRA DIRECTLY CONNECTING INDIA TO THE UNITED STATES’ EAST COAST","link":"https://www.dpworld.com/news/first-service-from-dp-world-mundra-directly-connecting-india-to-the-united-states-east-coast/","guid":"https://www.dpworld.com/news/first-service-from-dp-world-mundra-directly-connecting-india-to-the-united-states-east-coast/","caseid":"691050","description":"

DP World has added a first direct service to the east coast of the United States from its Mundra terminal, enhancing north-west India’s connectivity with the world’s biggest economy.

DP World, a leading global provider of smart end-to-end supply chain solutions, has invested in Mundra as a gateway for global commerce with trade links further strengthened by the first port call of the vessel M.V. MAERSK ATLANTA early this month.

The MECL service’s port connectivity includes Houston, Norfolk, Newark, Port Tangier Mediterranean, Salalah, Jebel Ali, Salalah, Charleston North and Savannah. This service will enhance transit times, boost bilateral trade, drive economic growth, and encourage business collaboration within these regions. It will benefit Indian industries such as handicrafts, ready-made garments, textiles, machinery components (OEMs), pharmaceuticals, and chemicals, which have strong demand from the U.S. East Coast.

Commenting on this significant milestone, Ravinder Johal, Chief Operating Officer, Ports & Terminals, Operations & Commercial, Middle East, North Africa & Subcontinent, DP World, said, “Efficient maritime routes and robust port operations are vital to supporting India's expanding role in global trade and strengthening its trade partnerships. DP World Mundra is committed to fostering and strengthening trade connectivity between India and the world. The introduction of the MECL service marks a significant step forward, bolstering bilateral relations, improving direct trade connectivity, and driving economic growth for businesses across these regions”.

Supported by DP World’s global network, multimodal expertise and Mundra terminal’s seamless connectivity to India’s road and rail networks, customers across Gujarat, Haryana, Delhi, Punjab, Uttar Pradesh, Rajasthan, and Himachal Pradesh can now utilize the MECL service for efficient cargo movement.

With a 632-meter quay, deep draft for large vessels and a 50-acre container freight station supported by dedicated rail connectivity, DP World Mundra prioritises seamless cargo movement to make global trade flow. The introduction of the MECL service, offering access to the U.S. East Coast, further solidifies Mundra’s role as a vital gateway for Indian exporters and importers, enabling faster and more reliable access to international markets.

","pubDate":"Tue, 18 Mar 2025 10:54:55 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/bb9e4a13-ac92-423a-95d2-901dbf13705f/500_firstportcallofthevesselm.v.maerskatlanta.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/bb9e4a13-ac92-423a-95d2-901dbf13705f/500_firstportcallofthevesselm.v.maerskatlanta.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/bb9e4a13-ac92-423a-95d2-901dbf13705f/firstportcallofthevesselm.v.maerskatlanta.jpg?10000","ppImageTitle":"First port call of the vessel M.V. MAERSK ATLANTA"},{"title":"DP WORLD REPORTS RECORD REVENUE OF $20.0 BILLION AND EBITDA OF $5.5 BILLION","link":"https://www.dpworld.com/news/dp-world-reports-record-revenue-of-200-billion-and-ebitda-of-55-billion/","guid":"https://www.dpworld.com/news/dp-world-reports-record-revenue-of-200-billion-and-ebitda-of-55-billion/","caseid":"690673","description":"

DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0 billion and adjusted EBITDA³ rose by 6.7% to $5.5 billion with an adjusted EBITDA margin of 27.2%.

Results before separately disclosed items USD million unless otherwise stated	2024	2023	% change	Like-for- like at constant currency % change
Revenue	20,023	18,250	9.7%	6.9%
Share of profit from equity-accounted investees (net of tax)	155	164	(5.1%)	(1.3%)
Adjusted EBITDA	5,450	5,108	6.7%	2.9%
Adjusted EBITDA margin	27.2%	28.0%	(0.8%)	27.2%
EBIT	3,357	3,046	10.2%	5.1%
Profit for the year	1,483	1,514	(2.0%)	(9.5%)
Profit for the year attributable to owners of the Company before separately disclosed items	751	1,032	(27.2%)	-
Profit for the year attributable to owners of the Company after separately disclosed items	591	820	(27.9%)	-

Results Highlights

Revenue increased by 9.7% to a record $20.0 billion

Revenue growth of 9.7% was mainly due to improved performance from Ports and terminals and contributions from new acquisitions and concessions.
Ports and terminals revenue per TEU increased 13.9% on a like-for-like basis with strong growth from the Middle East and Americas.

Adjusted EBITDA increased by 6.7% to a record $5.5 billion

Adjusted EBITDA grew by 6.7% and EBITDA margin for the year stood at 27.2% as well as like-for-like adjusted EBITDA margin.

Profit for the year was $1.5 billion

Profit for the year decreased by 2.0% mainly due to higher finance costs.

DP World capacity exceeds 100 million TEU - continued investment in key growth markets

DP World capacity exceeded 100 million TEU due to selective infrastructure investment in key growth markets.
Capital expenditure of $2.2 billion ($2.1 billion in 2023) was invested across the existing portfolio.
Capital expenditure budget for 2025 is approximately $2.5 billion to be invested mainly in Jebel Ali (UAE), Drydocks World and Jebel Ali Freezone (UAE), Tuna Tekra (India), London Gateway (UK), Ndayane (Senegal) and Jeddah (Saudi Arabia).

DP World focused on driving revenue synergies and building long-term relationships with cargo owners

Enhanced logistics portfolio offers value-added capabilities in fast-growing markets and verticals.
DP World aims to deliver supply chain solutions to cargo owners by leveraging its best-in-class infrastructure.
Group is well-positioned to capitalize on the growing demand for customised solutions in the logistics industry.

Strong cash generation and lower net Leverage

Cash generated from operating activities increased by 18.9% to $5.5 billion in 2024 ($4.6 billion in 2023).
Leverage (Net debt to adjusted EBITDA)[1] on a pre-IFRS16 basis decreased to 3.4x (FY2023: 3.7x). On a post-IFRS16 basis, net leverage stands at 4.1x (FY2023: 4.0x).

Committed to long-term sustainability transition

Issued a US$100 million blue bond, the first for a corporate from the Central and Eastern Europe, Middle East and Africa (CEEMEA) region, alongside the launch of our Ocean Strategy.
DP World became the first logistics company in the region to have its targets validated by the Science Based Targets initiative, a significant step towards decarbonising supply chains for our customers.
Against our 2022 base year, we exceeded our 10.5% Scope 1 and Scope 2 carbon emissions reduction target, and close to 65% of electricity sourced globally today comes from renewable energy.

Strong 2024 performance, positioned for resilient growth despite uncertainty

Strong financial performance in 2024, but the outlook remains uncertain due to geopolitical risks and changing global trade landscape.
Despite global uncertainties, DP World is well-positioned for long-term growth, leveraging its integrated supply chain solutions and strategic investments to drive sustainable value creation.

DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, commented:

We are proud to report record revenue of $20.0 billion and record EBITDA of $5.5 billion for 2024, a remarkable achievement given the complex geopolitical landscape. These results demonstrate the benefits of our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions and disciplined cost optimization.

This strategy is positioning DP World for sustained long-term growth and value creation. By enhancing efficiency, expanding our capabilities and deepening partnerships, we are building a resilient business, well-equipped to capitalise on new opportunities as global trade evolves.

We continue to strengthen our logistics platform, attracting more cargo owners with end-to-end, tailored solutions that drive efficiency and improve the flow of trade. The increased demand for our integrated offerings highlights the value we bring to customers seeking optimized, high-performance supply chain solutions.

Our asset-appropriate strategy, combined with critical infrastructure in key markets, ensures that we scale efficiently while delivering specialized capabilities where they are needed most. Strategic investments in high-growth sectors and emerging trade corridors are expanding our expertise, enabling us to provide value-added solutions. By enhancing connectivity and streamlining supply chains, we are reinforcing DP World’s role as a leading trade enabler—helping cargo owners navigate complexity, go to market quicker and build greater supply chain resilience.

In 2024, we delivered a strong performance, further reinforcing our financial position by reducing net leverage and strengthening the balance sheet. While the year has started on a positive note, global trade remains in flux due to ongoing geopolitical challenges. We remain confident in the strength of our portfolio, which we expect to continue delivering robust performance.

As part of our long-term strategy, we continue to invest in our portfolio through targeted bolt-on acquisitions, expand into new locations and add high-value capabilities that align with our clients' evolving needs. We maintain a positive medium-term outlook, supported by strong industry fundamentals and DP World’s ability to deliver sustainable, long-term returns.

","pubDate":"Thu, 13 Mar 2025 08:00:08 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/7825bc51-1285-4fd3-9972-f83f2de6ddad/500_containervesselatjebelaliterminal1.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/7825bc51-1285-4fd3-9972-f83f2de6ddad/500_containervesselatjebelaliterminal1.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/7825bc51-1285-4fd3-9972-f83f2de6ddad/containervesselatjebelaliterminal1.png?10000","ppImageTitle":"Container vessel at Jebel Ali terminal (1)"},{"title":"DP WORLD AND MAWANI INAUGURATE $800 MILLION STATE-OF-THE-ART TERMINAL IN JEDDAH","link":"https://www.dpworld.com/news/dp-world-and-mawani-inaugurate-800-million-state-of-the-art-terminal-in-jeddah/","guid":"https://www.dpworld.com/news/dp-world-and-mawani-inaugurate-800-million-state-of-the-art-terminal-in-jeddah/","caseid":"690117","subtitle":"Modernisation and expansion programme has increased South Container Terminal’s capacity from 1.8 million to 4 million TEUs, with a long-term goal of 5 million TEUs","description":"

DP World and Saudi Ports Authority (Mawani) have unveiled the new state-of-the-art South Container Terminal at Jeddah Islamic Port, marking a major milestone in DP World’s SAR 3 billion ($800 million) expansion and development programme to upgrade the terminal and enhance Saudi Arabia’s position as a leading global trade hub.

The three-year project has transformed South Container Terminal into one of the region’s most advanced and sustainable container terminals, while also more than doubling the capacity from 1.8 million twenty-foot equivalent units (TEUs) to 4 million TEUs. The expansion paves the way for a future capacity of 5 million TEUs, with additional ship-to-shore equipment to be deployed as demand grows.

Since becoming DP World’s first concession outside the UAE in 1999, the Jeddah terminal has played a crucial role in regional trade. This latest expansion, under a 30-year Build-Operate-Transfer (BOT) agreement, cements Jeddah’s status as a critical trade gateway and supports Saudi Arabia’s Vision 2030 goals of boosting trade connectivity and economic diversification.

An official ceremony was held to mark the opening, attended by Saudi Minister of Transport and Logistic Services, His Excellency Eng. Saleh bin Nasser Al-Jasser; DP World Group Chairman and CEO, His Excellency Sultan Ahmed bin Sulayem; Abdulla Bin Damithan, CEO and Managing Director of DP World GCC; other senior representatives from DP World and Mawani, government entities, and key customers.

Efficiency & Sustainability at its Heart

The terminal’s modernisation integrates advanced automation and digitalisation to improve operational efficiency. Smart systems will slash gate transaction times -- from two minutes to just 10 seconds -- supported by IoT-enabled cargo tracking and AI-powered cargo tallying for precise record keeping.

Automated and electrified yard cranes have also been introduced, along with an expanded fleet of quay cranes that will grow from 14 to 17 by the end of 2025, reaching 22 as the terminal scales up to 5 million TEUs.

Due to the surging demand for perishable cargo such as food and pharmaceuticals, the terminal’s capacity for refrigerated containers (reefers) has been expanded from 1,200 to 2,340, ensuring optimal conditions for temperature-sensitive shipments. DP World is also developing a state-of-the-art facility for inspecting up to 75 reefers at one time —the biggest such port-centric facility in the Kingdom.

The terminal spans a total quay length of 2,150 metres, including a deep-water quay with an 18-metre depth, capable of accommodating up to five ultra-large container vessels simultaneously.

In line with its global sustainability strategy, DP World is implementing initiatives to reduce CO₂ emissions at South Container Terminal by 50% in the next five years. Measures include the electrification of yard cranes and trucks, solar panel installations, exploration of floating solar platforms, along with green building designs and water recycling systems. These efforts will significantly cut emissions, enhance air quality and establish DP World’s Jeddah terminal as a model for sustainable port operations.

Adjacent to the terminal, DP World is investing in the 415,000 square metre Jeddah Logistics Park, the largest integrated facility of its kind in the Kingdom, which will offer state-of-the-art warehousing, distribution and freight forwarding services, further strengthening Jeddah’s position as a key hub connecting trade routes across Asia, Africa and Europe. Integrated with the terminal, Jeddah Logistics Park will streamline cargo transfers and enhance efficiency, with completion scheduled for Q2 2026.

","pubDate":"Fri, 07 Mar 2025 11:33:44 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/72519129-ef0e-41a5-bb82-e27f925c912e/500_dpworldandmawaniinauguratetheexpandedterminalatjeddahislamicport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/72519129-ef0e-41a5-bb82-e27f925c912e/500_dpworldandmawaniinauguratetheexpandedterminalatjeddahislamicport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/72519129-ef0e-41a5-bb82-e27f925c912e/dpworldandmawaniinauguratetheexpandedterminalatjeddahislamicport.jpg?10000","ppImageTitle":"DP World and Mawani inaugurate the expanded terminal at Jeddah Islamic Port"},{"title":"DP WORLD SOUTHAMPTON MAKES £60M INVESTMENT IN RECORD BREAKING NEW CRANES","link":"https://www.dpworld.com/news/dp-world-southampton-makes-60m-investment-in-record-breaking-new-cranes/","guid":"https://www.dpworld.com/news/dp-world-southampton-makes-60m-investment-in-record-breaking-new-cranes/","caseid":"688567","description":"

DP World is making a £60m investment in the UK’s trading capacity with an order of four new quay cranes for its Southampton container terminal.

The new cranes will be the largest quay cranes in Europe and can perform quad lifts, moving two 40ft containers together from ship to yard in a single move, reducing the time taken to load and unload large container vessels.

The quay cranes, which stand taller than Big Ben and each weigh more than 2,000 tonnes, are scheduled to arrive from mid-2026. Designed to service the largest ships currently in operation, including 24,000 TEU megaships, the cranes have an operational lifespan of approximately 25 years and are a key investment to future-proof DP World Southampton’s trading capabilities.

Aart Hille Ris Lambers, Vice President – Commercial, Ports & Terminals at DP World in the UK, said: “Our order for these new large quay cranes comes at a crucial time for DP World Southampton. We are continually innovating and investing to enhance our operations to give our customers, who operate the world’s largest container vessels, a smooth and efficient service.

“As our productivity and handling rates at Southampton continue to grow year-on-year, and we develop our nationwide end-to-end supply chain network, we’re always looking for ways to improve our infrastructure and our offer to customers, while serving the national interest.”

The order of the new quay cranes follows the announcement that DP World Southampton was presented with a ‘Productivity Improvement Award’ from global shipping giant ONE (Ocean Network Express), recognising the logistics hubs efforts to significantly increase handling rates between 2022 and 2023, further demonstrating the growth and innovation across DP World’s UK terminals.

In addition to its hubs at Southampton and London Gateway, DP World’s offer includes logistics, forwarding and European transport capabilities, all of which are being integrated into the company’s global network. Operating in 78 countries, DP World handles 10 per cent of global containerised trade.

","pubDate":"Thu, 20 Feb 2025 11:30:32 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/5ff61796-2029-417a-84dc-4f47f6b8a3b1/500_dpworldsouthampton-creditandrewsassoli-walker.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/5ff61796-2029-417a-84dc-4f47f6b8a3b1/500_dpworldsouthampton-creditandrewsassoli-walker.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/5ff61796-2029-417a-84dc-4f47f6b8a3b1/dpworldsouthampton-creditandrewsassoli-walker.jpeg?10000","ppImageTitle":"DP World Southampton_Credit Andrew Sassoli-Walker"},{"title":"DP WORLD RECORDS HIGHEST CARGO VOLUMES AT JEBEL ALI PORT SINCE 2015","link":"https://www.dpworld.com/news/dp-world-records-highest-cargo-volumes-at-jebel-ali-port-since-2015/","guid":"https://www.dpworld.com/news/dp-world-records-highest-cargo-volumes-at-jebel-ali-port-since-2015/","caseid":"688458","subtitle":"15.5 million TEUs and 5.4 million metric tonnes of breakbulk cargo handled in 2024","description":"

DP World has delivered another standout year for trade, recording its highest container and breakbulk cargo volumes at Jebel Ali Port since 2015.

The port handled 15.5 million twenty-foot equivalent units (TEUs) in 2024, up 1 million TEUs on the previous year. This marks the highest throughput since 2015, reinforcing Jebel Ali’s position as the leading trade and logistics hub in the region, even amid ongoing supply chain disruptions. The figure represents nearly 18% of DP World’s total global container throughput of 88.3 million TEUs for the year.

Breakbulk cargo also saw significant growth, surging by 23% year-on-year to reach 5.4 million metric tonnes (MTs) -- the second-highest performance in nearly a decade.

Abdulla Bin Damithan, CEO & Managing Director, DP World GCC, said: “This performance reflects the strength of our world-class ports and logistics infrastructure. The 15.5 million TEUs handled at Jebel Ali in 2024, along with the strong growth in breakbulk cargo, shows our capacity to meet increasing demand in both sectors. With a thriving ecosystem in Jebel Ali Free Zone and strong ties with major global economies, we are well-positioned to support the region’s growing trade volumes. Despite global uncertainties, we remain committed to investing in advanced infrastructure to facilitate trade.”

The growth in container throughput was driven by strong local and regional demand, particularly from Asia and the Indian Subcontinent, new shipping services that boosted global connectivity, and efficient operations that kept cargo flowing smoothly, despite challenges like the Red Sea crisis.

Breakbulk growth was fuelled by the region’s growing investments in infrastructure, renewable energy, and industrial development. Jebel Ali handled large shipments of wind turbines, solar panels, heavy machinery, and construction materials, with imports making up 80% of total shipments. Outbound shipments were led by sugar, iron and steel.

Major infrastructure projects in the region have fuelled the growth for breakbulk demand, which is set to continue, with the value of planned construction projects in the UAE alone reaching approximately $112 billion in 2024.

Jebel Ali Port played a critical role in supporting major international projects in 2024, including facilitating 45,000 MT of bagged wheat flour shipments for humanitarian aid to affected regions in the Middle East and Africa, consolidating structural steel exports for an aluminium recycling plant in the US, and streamlining logistics for Liberia’s largest mining project by consolidating and handling the export of 60% of its structural components.

Jebel Ali Port has an annual container capacity of 19.4 million TEUs across four terminals, over 100 berths, and a 25-kilometre quay length. It also features dedicated terminals for breakbulk, Ro-Ro, and heavy-lift cargo. Dubai’s Mina Al Hamriya Port further complements these capabilities by handling bulk and breakbulk cargo and accommodating a wide range of vessel types.

Globally, DP World’s network of ports and terminals handled a record 88.3 million TEUs in 2024, an 8.3% year-on-year increase, demonstrating the company’s resilience amid macroeconomic headwinds and concerns over the outlook for global trade.

","category":"Ports","pubDate":"Wed, 19 Feb 2025 13:31:45 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/827908d7-854e-4679-87f3-88dbcccb3671/500_japorthighestrecordsince2015.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/827908d7-854e-4679-87f3-88dbcccb3671/500_japorthighestrecordsince2015.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/827908d7-854e-4679-87f3-88dbcccb3671/japorthighestrecordsince2015.jpg?10000","ppImageTitle":"JA Port highest record since 2015","ppImageDescription":"default"},{"title":"FIRST TEN WOMEN GRADUATE FROM DP WORLD’S SOLAR MAMAS PROGRAMME IN SOMALILAND","link":"https://www.dpworld.com/news/first-ten-women-graduate-from-dp-worlds-solar-mamas-programme-in-somaliland/","guid":"https://www.dpworld.com/news/first-ten-women-graduate-from-dp-worlds-solar-mamas-programme-in-somaliland/","caseid":"688307","description":"

DP World’s partnership with Barefoot College International (BCI) continues to empower women and communities across Africa, as ten women from the Horn of Africa have graduated from the Solar Mamas programme.

In collaboration with their local communities and DP World, BCI selected these ten women from villages near Berbera and Hargeisa in Somaliland to participate in a three-month training course at BCI’s training centre in Zanzibar, Tanzania. During the programme, the women were trained as solar energy and maintenance technicians, and taught essential entrepreneurship and life skills, equipping them with the knowledge and tools needed to start their own small-scale ventures in their communities.

These women, six from Berbera and four from Hargeisa, are the first beneficiaries of the Solar Mamas initiative in the Horn of Africa. Inspired by the success of DP World’s Solar Mamas in Senegal, this programme is transforming communities by providing rooftop solar-generated electricity to homes in their villages and by improving crop outputs through sustainable, regenerative farming techniques.

Speaking on the occasion, Supachai Wattanaveerachai, CEO Horn of Africa at DP World, said: “We take great pride in our Solar Mama graduates. This initiative plays a vital role in DP World’s overarching strategy to promote sustainable development and empower local communities in the areas where we operate, contributing towards positive outcomes on 15 of the 17 Sustainable Development Goals.”

“We are delighted to have played a part in this inspiring project, which we hope will create a significant and lasting impact on the communities involved,” Wattanaveerachai added.

Sue Stevenson, Director Strategic Partnerships and International Development for Barefoot College International, said: “These women exemplify integrity, courage, and a fierce determination to illuminate their communities and inspire hope for their families. We are thrilled with their commitment and grateful for DP World's ongoing support in creating such significant impact within these communities. Together, we are developing holistic solutions to enhance women's lives, combat poverty, and foster sustainable communities.”

By expanding the Solar Mamas programme, DP World and BCI are dedicated to offering clean energy solutions and economic opportunities for women in underserved communities, supporting a just transition. Approximately one billion people worldwide do not have access to electricity, and many development initiatives depend on complex technologies that are often not feasible for rural areas and hard to manage. Addressing this challenge, the Solar Mamas initiative operates at the grassroots level. It equips women with hands-on skills that overcome language and literacy obstacles, allowing them to install and maintain solar power systems within their communities, earning an income from this service.

","pubDate":"Tue, 18 Feb 2025 13:30:04 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/bf01582d-6234-4b1c-b241-6c351be5a793/500_whatsappimage2025-02-14at07.10.421.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/bf01582d-6234-4b1c-b241-6c351be5a793/500_whatsappimage2025-02-14at07.10.421.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/bf01582d-6234-4b1c-b241-6c351be5a793/whatsappimage2025-02-14at07.10.421.jpeg?10000","ppImageTitle":"WhatsApp Image 2025-02-14 at 07.10.42 (1)"},{"title":"DP WORLD SOKHNA HANDLES INAUGURAL PASSENGER VEHICLE EXPORT","link":"https://www.dpworld.com/news/dp-world-sokhna-handles-inaugural-passenger-vehicle-export/","guid":"https://www.dpworld.com/news/dp-world-sokhna-handles-inaugural-passenger-vehicle-export/","caseid":"687972","subtitle":"Landmark shipment of nearly 500 locally assembled Nissan vehicles opens new opportunities for Egyptian manufacturing","description":"

In a new boost for Egypt’s automotive sector, DP World has successfully facilitated the first export shipment of passenger vehicles from the Ain Sokhna Port.

The roll-on-roll-off (ro-ro) vessel ULUSOY 5 under the agency of KMA - Khedivial Marine Agency Egypt, recently departed for Jebel Ali, Dubai, carrying 498 locally assembled Nissan Sunny vehicles. The achievement underscores DP World’s commitment to supporting Egypt’s growing automotive industry and solidifying Sokhna’s position as a regional trade hub.

Having exported its first batch, DP World plans to ship as many as 10,000 vehicles this year to advance Egypt’s automotive sector and contribute to the country’s economic growth.

Avnash Iyer, COO & Acting Country Head, Egypt, DP World, said: “This first ro-ro export shipment is a significant step for Egypt’s automotive sector. It’s a testament to the collaborative efforts of our team and Nissan Egypt. By leveraging our end-to-end capabilities to streamline customer supply chains, we are integrating Egypt into global trade networks. This helps local manufacturers reach new international markets and supports the long-term growth of the country’s economy. This is just the beginning, and we see enormous potential for automotive exports from Egypt.”

As a comprehensive trade and logistics hub, DP World Sokhna is supporting Egypt’s growing automotive exports, and this milestone reflects DP World’s continued vision of unlocking trade value for the country as it gears up to play a greater role in regional and global supply chains.

Furthermore, DP World in Egypt offer customers integrated solutions from container handling, bulk, general cargo, project cargo, and passenger services, to logistics services, such as freight forwarding and 3PL solutions. This integrated approach allows manufacturers like Nissan to access seamless end-to-end logistics, connecting them to customers worldwide.

Over the past two decades, DP World has invested more than $1.3 billion in modernising Ain Sokhna Port. Ongoing investments, including a network of freight forwarding offices, integrated 3PL services, and the development of a logistics park, are further enhancing Egyptian supply chains and facilitating efficient trade.

","pubDate":"Thu, 13 Feb 2025 13:31:14 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/7c7cf266-696a-498f-956c-9569554e2863/500_vehicleshipment1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/7c7cf266-696a-498f-956c-9569554e2863/500_vehicleshipment1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/7c7cf266-696a-498f-956c-9569554e2863/vehicleshipment1.jpg?10000","ppImageTitle":"vehicle shipment 1"},{"title":"DP WORLD’S CONTAINER HANDLING HITS RECORD HIGH IN 2024, UP 8.3%","link":"https://www.dpworld.com/news/dp-worlds-container-handling-hits-record-high-in-2024-up-83/","guid":"https://www.dpworld.com/news/dp-worlds-container-handling-hits-record-high-in-2024-up-83/","caseid":"687244","summary":"

Diversified global portfolio and supply chain expertise drive growth amid Red Sea disruptions

Growth was spread across the regions, with the Latin America, Europe, Africa, Australia and India all posting strong increases

","description":"

DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units (TEUs) in 2024, up 8.3% year-on-year despite macroeconomic headwinds and concerns over the outlook for global trade.

The global logistics business, which now has the capacity to handle more than 100 million TEU across operations in 78 countries, benefitted from long-term infrastructure investment contributing to strong growth and new services calling at its terminals.

While the Red Sea crisis posed a significant challenge to global shipping in 2024, causing delays and rerouting across major trade corridors, DP World’s record performance underscores the strength of its diversified global portfolio and its ability to navigate supply chain volatility, ensuring continued service for customers worldwide.

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, said: “During the last 10 years we have invested more than $11 billion in world-class ports and logistics infrastructure to make trade flow. This record performance is further evidence that our long-term investment is providing the right services for our customers in the right places.

“As we continue to expand our reach deeper into the global supply chain by expanding our end-to-end logistics capabilities, we are confident that the container market will continue to grow and that we have the capacity to service it. Whatever the short-term challenges, we remain bullish on the outlook for world trade.\"

Leading the way in terms of performance across the DP World portfolio was the Posorja terminal in Ecuador, on South America’s west coast, which posted a remarkable 87% uplift in volume to nearly 1 million TEUs.

Double-digit growth was seen at San Antonio in Chile, Yarimca in Türkiye, Chennai in India, Callao in Peru, Antwerp in Belgium and London Gateway in the UK. DP World’s flagship Jebel Ali Port also saw a 7% increase from 2023.

At the same time, new ports and terminals added nearly 1 million TEUs to the total volume. This includes the new DP World- Evyap merger in Turkey, new operations at Dar Es Salaam Port in Tanzania and the Belawan New Container Terminal in Indonesia.

","pubDate":"Thu, 06 Feb 2025 12:02:55 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/5989a131-3b9f-4176-b66b-fd20e2de5cd8/500_dpworldcontainerattheport-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/5989a131-3b9f-4176-b66b-fd20e2de5cd8/500_dpworldcontainerattheport-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/5989a131-3b9f-4176-b66b-fd20e2de5cd8/dpworldcontainerattheport-2.jpg?10000","ppImageTitle":"DP World Container at the Port"},{"title":"DP WORLD AND NSW PORTS CO-INVEST A$400 MILLION TO EXPAND RAIL CAPACITY AT SYDNEY’S PORT BOTANY","link":"https://www.dpworld.com/news/dp-world-and-nsw-ports-co-invest-a400-million-to-expand-rail-capacity-at-sydneys-port-botany/","guid":"https://www.dpworld.com/news/dp-world-and-nsw-ports-co-invest-a400-million-to-expand-rail-capacity-at-sydneys-port-botany/","caseid":"686274","summary":"

Improved facility will more than double capacity to handle up to 1 million TEUs per annum.

The major investment enhances Sydney status as a key hub for trans-Pacific trade.

","description":"

DP World and NSW Ports are co-investing A$400 million to extend the rail terminal at Port Botany in Sydney which will transform its logistics capability and reinforce the city’s position as a vital gateway for international trade.

NSW Ports is contributing A$148 million for the new facility which will service both the Container Terminal and the Logistics Park, one of Australia’s best examples of the global trend for locating major logistics facilities close to major arterial ports. The project – which will start on site in June and take two years to compete – comprises the addition of five new rail sidings to accommodate 600-metre-long regional trains.

Nicolaj Noes, Executive Vice President, Oceania, DP World, said: “Our investment in this new port-centric logistics infrastructure will deliver more capacity, superior agility, seamless integration of processes, increased productivity and added reliability. We cannot wait for our present and future customers to reap the benefits of this world-class facility, which accelerates the shift of freight from road to rail while reducing carbon emissions and improving Sydney’s air quality at the same time.”

Marika Calfas, CEO of NSW Ports, said: “This collaboration with DP World to deliver a new, enhanced, rail terminal continues the growth of on-dock rail capacity at Port Botany to service the state’s import and export trade. This new rail terminal will enable more containers to be moved by rail, reducing the growth of trucks on roads and will deliver greater efficiency for the state’s container supply chains. Port Botany is uniquely the only port in Australia with on-dock rail within each container terminal, connected to an extensive network of metropolitan and regional intermodal terminals including by dedicated freight rail.

The investment at Port Botany is the latest example of DP World investing in its rail capabilities across several continents as it extends its reach into the global supply chain. The logistics giant’s customers benefit from intermodal rail services linking its operations across Europe, North America, South America, Africa, India and the Middle East, with a first ever freight train between Abu Dhabi and its Jebel Ali flagship in Dubai due to launch shortly.

Key Benefits

Enhanced Capacity: Annual rail capacity for DP World’s terminal will more than double, increasing from 400,000 TEUs to 1 million TEUs.
Environmental Impact: Reduction in truck movements and carbon emissions, supporting Sydney’s sustainability objectives.
Economic Growth: Improved logistics efficiency will deliver growth across key sectors from agriculture, manufacturing, construction to retail and e-commerce, while driving sustainable job creation across New South Wales.

Port Botany is New South Wales’ container port and has Australia's largest common user bulk liquids facility. Handling 2.8 million TEUs annually, it contributes A$10.7 billion to New South Wales’ Gross State Product each year. It is the only port in Australia with on-dock rail at all three of its container terminals and is directly connected, including via dedicated freight rail, to a network of metropolitan intermodal terminals and regional intermodal terminals.

Within the port, DP World operates the 20-hectare Sydney Logistics Park, the largest in the city with a capacity of more than 18,500 TEUs, offering services including warehousing, bonded storage quarantine activities, reefer monitoring and storage as well as container maintenance and repair.

Further inland, DP World partners with Stockland to operate a contract logistics hub at Yennora Intermodal Terminal, one of the largest logistics facilities in the Southern Hemisphere. Earlier this year, DP World announced the launch of a new rail service at the Terminal, enabling it to offer a fully integrated supply chain service for its customers.

These rail upgrades build on DP World’s global intermodal expertise, which spans Europe, North America, South America, Africa, India, and the Middle East. This includes successful initiatives like the ASEAN Express in Asia and expanded rail services in the UK.

","category":"Ports","pubDate":"Tue, 28 Jan 2025 06:03:46 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/eab354b2-8284-4627-a152-da761a0362ee/500_photo2-dpworldnswportsco-investa400mtoexpandrailcapacityatsydney039sportbotany1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/eab354b2-8284-4627-a152-da761a0362ee/500_photo2-dpworldnswportsco-investa400mtoexpandrailcapacityatsydney039sportbotany1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/eab354b2-8284-4627-a152-da761a0362ee/photo2-dpworldnswportsco-investa400mtoexpandrailcapacityatsydney039sportbotany1.jpg?10000","ppImageTitle":"Photo 2_DP World NSW Ports Co-Invest A400M to Expand Rail Capacity at Sydney's Port Botany 1"},{"title":"A DP WORLD-ENABLED MULTI-CURRENCY STABLECOIN FOR SETTLEMENT OF GLOBAL TRADE TRANSACTIONS","link":"https://www.dpworld.com/news/a-dp-world-enabled-multi-currency-stablecoin-for-settlement-of-global-trade-transactions/","guid":"https://www.dpworld.com/news/a-dp-world-enabled-multi-currency-stablecoin-for-settlement-of-global-trade-transactions/","caseid":"685690","subtitle":"By bringing together global financial institutions and technology providers, DP World aims to reduce the cost of trade settlements, increase transparency and shorten transaction times for cross-border payments","description":"

DP World, a global leader in logistics and trade, is engaging with global financial institutions and technology providers to address a longstanding challenge in global commerce -- the inefficiencies in cross-border payment systems. Customers in emerging markets such as Asia and Africa often grapple with prolonged settlement times, restricted access to finance, and a lack of transparency—factors that have hindered the growth of trade flows for years.

By collaborating with leading firms from Singapore, India, the UAE, and other key markets, DP World aims to introduce accessible, instant, and transparent cross-border payment solutions powered by stablecoins. The initiative is designed to simplify and accelerate international transactions, empowering businesses in emerging economies to thrive in an increasingly interconnected world.

DP World Group Chairman & CEO, Sultan Ahmed bin Sulayem, said: \"By introducing stablecoin-based payment options, we are not just addressing a critical gap in the trade ecosystem but also reaffirming our commitment to innovation and leadership in global commerce. This initiative aligns with DP World’s broader mission to enhance trade flows and economic development in regions that need it most. We believe this initiative will redefine the way businesses engage in cross-border trade, particularly in regions where financial barriers have limited potential. DP World is committed to creating a more inclusive and efficient trade ecosystem.”

Key Benefits

Drastically reduced settlement cost and times for cross-border payments

Take the example of a textile manufacturer in Ethiopia which exports raw cotton to a fabric producer in India but faces significant delays in receiving payments.

This is due to the traditional correspondent banking systems requiring multiple intermediaries, resulting in settlement times that can extend to several days or even weeks.

Improved financial accessibility for businesses of all sizes

The Ethiopian supplier struggles with cash flow, limiting its ability to scale operations or meet additional orders.

At the same time, the Indian fabric producer may face delays in production due to uncertainty about whether the shipment will be dispatched on time.

Enhanced transparency and trust in international trade transactions

The lack of real-time tracking of the transaction status leaves both parties uncertain about when the payment will be completed.

The vision for this transformative payment solution was launched at the World Economic Forum in Davos, where DP World is engaging with industry leaders, policymakers, and technology innovators to build a more resilient global trading system.

This solution is an integral part of DP World’s aspiration to offer end-to-end solutions for its customers and to facilitate seamless global trade. Leveraging its expansive network spanning six continents, DP World is uniquely positioned to integrate this innovative payment system into its current offerings and drive widespread adoption through its extensive partnerships.

","pubDate":"Thu, 23 Jan 2025 17:59:35 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/c7444203-03cd-424f-8918-d8b47f4f62ea/500_image1-7.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/c7444203-03cd-424f-8918-d8b47f4f62ea/500_image1-7.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/c7444203-03cd-424f-8918-d8b47f4f62ea/image1-7.jpg?10000","ppImageTitle":"Image 1"},{"title":"GLOBAL SUPPLY CHAINS FORCED TO CHANGE RAPIDLY AS WORLD TRADE ENTERS NEW ERA","link":"https://www.dpworld.com/news/global-supply-chains-forced-to-change-rapidly-as-world-trade-enters-new-era/","guid":"https://www.dpworld.com/news/global-supply-chains-forced-to-change-rapidly-as-world-trade-enters-new-era/","caseid":"685013","subtitle":"Non-aligned nations fast emerging as vital intermediaries in mitigating trade risks, filling gaps created by global conflicts","description":"

Three quarters of businesses worldwide are overhauling their supply chains by working with more rather than fewer suppliers to mitigate risks in an increasingly fragmented global environment.

Research unveiled by Economist Impact and DP World at the World Economic Forum highlights this strategic pivot, driven by geopolitical uncertainty which is likely to grow with the ‘America first’ policies of the new administration in the United States.

The fifth annual Trade in Transition study surveyed over 3,500 supply chain executives across the world. The findings reveal firms are being forced to adapt at speed to rising protectionism and shifting geopolitical alliances.

Countries perceived to be non-aligned, such as Vietnam, Mexico, India, the UAE or Brazil, are emerging as vital trade hubs. A significant 71% of executives agree these countries mitigate trade risks, while 69% view them as critical for addressing gaps created by global conflicts.

Around 40% of firms are increasing their US-based sourcing and a further 32% are adopting dual supply chains to mitigate against geopolitical risks. Friendshoring—relocating supply chains to politically aligned countries—complements these strategies, with about 34% of businesses pursuing this approach to navigate tensions between global powers.

Economic challenges remain a priority, with 33% of executives citing prolonged inflation and high interest rates as chief concerns. By leveraging neutral hubs, diversifying suppliers and adopting advanced technologies like AI, businesses are better positioned to navigate this era of economic and geopolitical complexity.

Speaking at the launch of the report at the World Economic Forum in Davos today, DP World Group Chairman and CEO Sultan Ahmed bin Sulayem, said:

“Global trade today is more complex than ever, demanding agility, resilience, and innovation. At DP World, we empower businesses with the global infrastructure, local expertise, and advanced technology needed to thrive in this evolving landscape across fragmented markets. The latest research by Economist Impact provides invaluable insights into the future of trade in this new era. With it, we aim to foster dialogue, innovation, and resilience within the global supply chain ecosystem, empowering businesses to adapt and thrive in an increasingly dynamic world.”

John Ferguson, Global Lead, New Globalisation, Economist Impact, added:

“In 2025 and the foreseeable future, global trade will be shaped by three forces: shifting geopolitics, climate change, and a new wave of AI and automation. Yet, businesses are not retreating from international trade but are stepping up to the challenge. Firms that stay agile and cost-efficient will have the edge. Firms that also combine risk management with AI experimentation and openness will be best placed to win in this new chapter of globalisation.”

Discover actionable insights and detailed strategies for thriving in the evolving global trade landscape. Click here to view the full report.

KEY INSIGHTS FROM TRADE IN TRANSITION 2025

Metric	Percentage	Notes
Businesses diversifying supplier bases	75%	Spreading risk and increasing resilience by working with more partners
Neutral hubs as stability anchors	71%	Examples of Vietnam, Mexico, India, UAE, and Brazil
Neutral countries filling trade conflict gaps	69%	Cited as critical for mitigating geopolitical risks
Increased US-based sourcing	40%	Adapting to a Republican-led administration
Dual supply chain adoption on the rise	32%	Mitigates region-specific risks
Rising friendshoring adoption	34%	Reducing exposure to great-power rivalries
Chief concern: prolonged inflation and rates	33%	Economic pressure remains a key issue
Source : Economist Impact

","pubDate":"Tue, 21 Jan 2025 07:49:04 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/c930aaae-0131-43b7-aabd-f9e336462c7d/500_tint4.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/c930aaae-0131-43b7-aabd-f9e336462c7d/500_tint4.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/c930aaae-0131-43b7-aabd-f9e336462c7d/tint4.png?10000","ppImageTitle":"TINT 4"},{"title":"UNIFEEDER TRIPLES INTRA-MEDITERRANEAN MARKET SHARE WITH REGION LEADING GROWTH","link":"https://www.dpworld.com/news/unifeeder-triples-intra-mediterranean-market-share-with-region-leading-growth/","guid":"https://www.dpworld.com/news/unifeeder-triples-intra-mediterranean-market-share-with-region-leading-growth/","caseid":"684426","summary":"

Unifeeder leads regional carriers with the highest capacity growth in 2024.

Fleet expansion and new services will drive connectivity and trade across the Mediterranean and Black Seas.

","description":"

Unifeeder, part of DP World Marine Services, achieved remarkable growth in the intra-Mediterranean trade sector in 2024, tripling its market share to 4.3% and solidifying its position as a key regional operator.

According to global shipping industry analysts, Alphaliner, Unifeeder recorded the highest capacity growth of all carriers in the region, positioning it among the top six operators in the Mediterranean by deployed capacity.

Unifeeder’s fleet in the Mediterranean now includes 20 container ships with a total capacity of 24,000 twenty-foot equivalent units (TEUs), bringing it on par with global shipping leader COSCO SHIPPING Lines in the region. Over the past twelve months, Unifeeder has launched seven new intra-Mediterranean services, adding 10,600 TEU of capacity and increasing its average vessel size to 1,186 TEU.

These strategic moves reflect Unifeeder’s ability to meet the evolving needs of regional trade and enhance connectivity across the Mediterranean and Black Sea.

Later this month, Unifeeder will expand its services in the Black Sea, further strengthening its regional presence. This expansion underscores the company’s commitment to addressing the growing demand for seamless intra-regional trade solutions while supporting businesses with reliable and flexible logistics.

Ganesh Raj, Global Chief Operating Officer of DP World Marine Services, said: \"Unifeeder’s success in the intra-Mediterranean and Black Sea regions reflects our ability to adapt to evolving market dynamics and deliver tailored solutions to the changing needs of our customers. By expanding our services and fleet, we are meeting the growing demand for intra-regional connectivity and creating long-term value for our customers. These achievements demonstrate the critical role of regional operators in supporting global trade and strengthening supply chains.\"

The intra-Mediterranean trade sector has seen overall capacity expansion by 9.3% - almost 50,000 TEUs, compared to December 2023. Within this growing market, Unifeeder’s market share has surged from 1.5% to 4.3%, moving it up five places to the sixth spot among the largest operators in the region by deployed capacity. This growth is directly linked to a shift in trade dynamics, with mainline operators outsourcing intra-regional services to more agile operators like Unifeeder.

Martin Gaard, CEO of Unifeeder A/S, commented: \"The shipping industry is going through profound shifts, with geopolitical and economic factors driving the need for more agile and responsive supply chain solutions. Our growth in the intra-Mediterranean market and expansion in the Black Sea reflect our strategic focus on meeting these demands. By offering reliable, flexible and efficient regional services, we enable our customers to navigate these complexities, reduce operational complexity, and enhance their market reach. The growth we have seen last year underscores our role as a trusted partner to businesses seeking cost-effective and sustainable shipping options in a rapidly evolving landscape.\"

Unifeeder’s sustained investment in the Mediterranean and Black Sea aligns with DP World Marine Services’ vision to connect markets and simplify trade for businesses worldwide. By leveraging DP World’s global network and expertise, Unifeeder continues to deliver flexible, reliable, and sustainable solutions, ensuring seamless trade in one of the world’s most dynamic regions.

UNIFEEDER IN THE MEDITERRANEAN -- KEY STATISTICS

Fleet capacity	24,000 TEUs across 20 container vessels.
Market share	Increased for 1.5% in December 2023 to 4.3% in December 2024.
New services	Seven launched in 2024.
Vessel size	Average size 1,186 TEU.

","pubDate":"Tue, 14 Jan 2025 12:08:05 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/cdbdc87c-06c1-47b9-ae14-7b3078db7f8c/500_unifeeder039smediterraneanandblackseanetwork-map.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/cdbdc87c-06c1-47b9-ae14-7b3078db7f8c/500_unifeeder039smediterraneanandblackseanetwork-map.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cdbdc87c-06c1-47b9-ae14-7b3078db7f8c/unifeeder039smediterraneanandblackseanetwork-map.jpg?10000","ppImageTitle":"Unifeeder's Mediterranean and Black Sea network_map"},{"title":"DP WORLD HITS 100 MILLION TEU CAPACITY MILESTONE","link":"https://www.dpworld.com/news/dp-world-hits-100-million-teu-capacity-milestone/","guid":"https://www.dpworld.com/news/dp-world-hits-100-million-teu-capacity-milestone/","caseid":"682681","summary":"

DP World has invested more than $11 billion in port infrastructure through new builds, expansions and acquisitions to support global trade

Expansion cements DP World’s 9.2% share of the global container market

","description":"

DP World has achieved a historic milestone, surpassing 100 million TEUs of container handling capacity across its global portfolio since inception. The achievement is a testament to over $11 billion in strategic investments and infrastructure development over the last decade. It puts DP World at the forefront of global trade, allowing the company to support customers as they grow their business and provide end-to-end supply chain solutions.

Over the past 10 years, DP World’s capacity has grown 33%, driven primarily by expansions and new greenfield developments as well as acquisitions. Starting with 75.6 million TEUs in 2014, the company has consistently invested in modernising infrastructure to meet the demands of an evolving global supply chain.

The company’s global gross container handling capacity rose by 5% in the last 12 months, giving it a robust platform to extend its reach into the supply chain. The expansion cements DP World’s 9.2% share of the global container market and demonstrates its commitments to invest in the markets it operates, while offering increased capacity to its customers and partners.

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive of DP World, said: “Crossing the 100 million TEU mark is a momentous milestone in our journey, which began 45 years ago. This achievement reflects our commitment to investing in world-class ports and logistics infrastructure to make trade flow. We are confident that the global container market will continue to grow in the years ahead and we will have the capacity to service it.

“Through our decades of experience operating in some of the most dynamic markets in the world, we have gained a deep understanding of every aspect of the complex global supply chain. This allows us to build customised solutions where others can only see obstacles.”

Global container throughput is expected to grow by 2.8% this year, according to Drewry Container Forecaster. DP World brings together infrastructure, multimodal transportation and logistics services to connect businesses to their customers, with completely new ports at Ndayane in Senegal and Tuna-Tekre in India currently in progress.

Tiemen Meester, COO, Ports & Terminals, DP World, said: “Reaching such an impressive milestone is significant for us, but it’s what that figure represents in terms of the flow of global trade and what it has enabled in the markets we have invested in that is really exciting.

“Over the last 20 years we have invested in ports and terminals across the world, often in less traditional and underdeveloped trade markets, where our socio-economic impact has been significant. One of the major highlights of 2024 has been our takeover of the Dar es Salaam facility in Tanzania, which has not been developed since the 1950s, with vessel waiting times of sometimes more than a month. Our work there in the last six months has almost eradicated that issue and the future looks a lot brighter for Tanzanian trade.”

This year also marks significant anniversaries, including 45 years of Jebel Ali Port, 40 years of the Jebel Ali Freezone, reflecting the company’s rapid growth and commitment to innovation in trade.

Key Investments Fuelling Growth

London Gateway, UK	The site recently saw the addition of a $450 million fourth berth, giving it room for an additional 900,000 TEUs a year. Further investments by the end of the decade will increase the capacity at the port which currently handles approximately nearly 2 million TEU annually.
Port of Callao, Peru	In June, DP World completed a $400 million expansion project, doubling the length of the pier and boosting container handling capacity at the South Terminal by 80% from 1.5 million TEUs a year to 2.7 million TEUs a year.
International Container Transshipment Terminal (ICTT), Cochin, India	DP World introduced new STS cranes, e-RTGs, and expanded yard space, boosting the terminal’s total capacity to approximately 1.4 million TEUs a year.
Constanta/Aiud, Romania	DP World boosts European trade with €130m investment in Romania. Constanta is now home to cargo terminal for heavy, large and complex cargo and a new ‘roll-on, roll-off’ (RO-RO) terminal, while a new multi-transport platform will open in 2025. An intermodal logistics hub has also been opened in Aiud, in the industrial heartland of Romania.

Additions to DP World’s Portfolio

Belawan New Container Terminal (BNCT), Indonesia	DP World took over operations at BNCT, after finalising an agreement to manage the terminal and begin a major expansion. In the longer term, the DP World aims to increase capacity to 1.4 million TEUs a year, up from 600,000 TEUs currently. The strategic partnership will create Indonesia’s most direct link with the Malacca Strait, one of the world’s busiest shipping routes.
Türkiye Merger	The merger of DP World Yarimca and Evyapport formed a logistics hub on the Marmara Sea, increasing DP World’s capacity in Türkiye by 500,000 TEUs a year.
Dar es Salaam, Tanzania	DP World signed a 30-year concession to operate and modernize the multi-purpose Dar es Salaam Port. It will initially invest more than $250 million to upgrade the port and the investment could increase to $1 billion during the concession period, alongside hinterland logistics projects.
Sapangar Bay Container Port (SBCP), Malaysia	DP World and Malaysia’s Sabah Ports established a partnership in April 2024 to manage SBCP, supporting efforts already underway to increase handling capacity from 500,000 TEUs a year to 1.25 million TEUs in 2025.

","pubDate":"Tue, 07 Jan 2025 12:02:11 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/58fe8630-7933-4048-8724-681c4802a0c3/500_dpworldhits100millionteucapacitymilestoneimage2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/58fe8630-7933-4048-8724-681c4802a0c3/500_dpworldhits100millionteucapacitymilestoneimage2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/58fe8630-7933-4048-8724-681c4802a0c3/dpworldhits100millionteucapacitymilestoneimage2.jpg?10000","ppImageTitle":"DP WORLD HITS 100 MILLION TEU CAPACITY MILESTONE (IMAGE 2)"},{"title":"DP WORLD AND NLC LAUNCH DIRECT SHIPPING SERVICE TO BANGLADESH TO BOOST SUBCONTINENT REGIONAL CONNECTIVITY","link":"https://www.dpworld.com/news/dp-world-and-nlc-launch-direct-shipping-service-to-bangladesh-to-boost-subcontinent-regional-connectivity/","guid":"https://www.dpworld.com/news/dp-world-and-nlc-launch-direct-shipping-service-to-bangladesh-to-boost-subcontinent-regional-connectivity/","caseid":"682195","description":"

DP World and NLC have shipped more than 1,000 containers between Pakistan and Bangladesh since launching the first direct shipping route between the two countries in October, a strategic initiative that will significantly strengthen trade and regional connectivity in South Asia.

The latest shipment onboard the MV Yuan Xiang Fa Zhan left Karachi and is set to arrive at Bangladesh’s Chittagong Port on 11 January with a variety of goods, including industrial raw materials, agricultural products, and textile fabrics, showcasing the service's role in supporting regional trade.

The new Pakistan-Bangladesh direct maritime link offers significant benefits to importers and exporters, including more than a 50% reduction in transit times, improved connectivity by eliminating transshipment, and a more reliable competitive logistics solution. Having already completed several successful trips, the service has been warmly welcomed by business communities in both countries. This initiative marks the start of a new era in trade, driven by the joint venture between DP World and NLC, and is an essential part of a larger regional roadmap focused on growth, prosperity, and progress for the entire region.

It is part of a wider service connecting six countries, rotating between: Port Klang (Malaysia), Jebel Ali (UAE), Karachi (Pakistan), Chittagong (Bangladesh), Belawan (Indonesia), and Mundra (India).

Launched on 30 October, the first voyage carried 304 containers booked directly from Karachi to Chittagong. By eliminating the need for transshipment, the direct route offers a remarkably efficient 11-day transit between Karachi and Chittagong, ensuring faster delivery times and reduced logistics costs.

The second service saw more than double the container load between Karachi to Chittagong, underscoring the growing demand for this service.

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive of DP World, said: “We are committed to enhancing regional connectivity and facilitating trade growth. This new service line is a testament to our dedication to providing innovative logistics solutions that meet the evolving needs of our customers. This new route, also connects to many of our regional and global routes, giving businesses and traders connectivity to all parts of our global network, enhancing their opportunities to build their business, and service new customers.\"

DP World and NLC remain committed to exploring further opportunities to expand and enhance logistics services in the region.

","category":"Ports","pubDate":"Wed, 25 Dec 2024 07:30:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/bd02894e-9a38-479b-826c-4fc478ffd74a/500_img-20241224-wa0027.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/bd02894e-9a38-479b-826c-4fc478ffd74a/500_img-20241224-wa0027.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/bd02894e-9a38-479b-826c-4fc478ffd74a/img-20241224-wa0027.jpg?10000","ppImageTitle":"IMG-20241224-WA0027"},{"title":"DRYDOCKS WORLD UNVEILS MAJOR EXPANSION TO LEAD GLOBAL RENEWABLES AND MARINE PROJECTS","link":"https://www.dpworld.com/news/drydocks-world-unveils-major-expansion-to-lead-global-renewables-and-arine-projects/","guid":"https://www.dpworld.com/news/drydocks-world-unveils-major-expansion-to-lead-global-renewables-and-arine-projects/","caseid":"682168","description":"

Drydocks World has officially opened its multi- million-dollar South Yard expansion -- a 75,000 sqm state-of-the-art facility designed to enhance fabrication capabilities and reinforce the company’s leadership in complex global marine and offshore wind energy projects.

The expansion increases fabrication capacity by 40% and yard capacity by 25%, enabling Drydocks World to execute multiple large-scale projects simultaneously.

The new South Yard boasts the largest load-out jetty in the Middle East and Africa, capable of handling structures weighing up to 37,000 tonnes. This advanced infrastructure positions Drydocks World to meet the growing demand for energy transition projects and deliver innovative offshore solutions worldwide.

Sultan Ahmed bin Sulayem, Group Chairman & Chief Executive Officer, DP World, said: \"The South Yard expansion is a testament to Drydocks World’s commitment to innovation and sustainable growth. As the demand for cutting-edge energy solutions rises globally, this facility will enable us to lead in renewable energy infrastructure, while setting new standards in operational excellence. Drydocks World is shaping the future of maritime and offshore industries with this milestone expansion. \"

The South Yard is equipped with advanced technologies, including robotic profile-cutting machines, automated Computer Numerical Control (CNC) systems, and a heavy-duty rolling machine, significantly improving fabrication precision and efficiency.

The facility can accommodate up to 3,000 workers a day and is purpose-built to deliver complex industrial projects, such as:

Converting floating production storage and offloading (FPSO) vessels,
Constructing topsides for offshore platforms,
Constructing high-voltage alternate current (HVAC) and high-voltage direct current (HVDC) converter platforms for the offshore wind energy market.

A 5,000-tonne Sheerleg Floating Crane, expected to be operational by 2026, will further expand the yard's ability to handle large and complex projects.

Captain Rado Antolovic, CEO of Drydocks World, said: \"The South Yard represents a transformative step for Drydocks World. It enhances our ability to execute multiple complex global projects, while prioritising smarter logistics, efficient execution and high HSSE standards. This facility is integral to supporting the energy transition and meeting the demands of a rapidly evolving market.\"

In alignment with Drydocks World’s sustainability mission, the South Yard operates entirely on clean energy sourced from the Sheikh Mohammed bin Rashid Al Maktoum Solar Park. This significantly reduces the facility’s carbon footprint and ensures adherence to international environmental standards. It is designed to support green energy infrastructure and incorporates sustainable practices across all operations, reflecting an integrated approach to environmental responsibility.

Drydocks World aims to become a leading Engineering, Procurement, and Construction (EPC) provider, combining advanced technology, a highly skilled workforce and a focus on sustainability to address the evolving demands of the global energy sector.

Captain Antolovic concluded: “This expansion is more than just additional capacity; it’s a statement of our commitment to innovation, operational excellence, and the energy transition. By integrating advanced technologies and sustainable practices, we are well-positioned to support global decarbonisation goals while driving value for our clients.”

","pubDate":"Mon, 23 Dec 2024 08:43:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9897b481-5b14-4415-86a2-24203ac821c8/500_0i1a8392.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/9897b481-5b14-4415-86a2-24203ac821c8/500_0i1a8392.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9897b481-5b14-4415-86a2-24203ac821c8/0i1a8392.jpeg?10000","ppImageTitle":"0I1A8392"},{"title":"DP WORLD BECOMES THE FIRST COMPANY IN THE MIDDLE EAST TO ISSUE A BLUE BOND","link":"https://www.dpworld.com/news/dp-world-becomes-the-first-company-in-the-middle-east-to-issue-a-blue-bond/","guid":"https://www.dpworld.com/news/dp-world-becomes-the-first-company-in-the-middle-east-to-issue-a-blue-bond/","caseid":"681944","subtitle":"$100 million raised in the MENA region’s first-ever Blue Bond, designed to fund sustainable projects in the maritime and water sectors","description":"

DP World has issued a groundbreaking $100 million Blue Bond to fund sustainable projects cutting across marine transportation, port infrastructure, marine pollution, as well as nature and water positive initiatives.

Through this issuance, DP World will contribute to closing the significant funding gap for UN SDG 14 (Life below water) and SDG 6 (Clean water and sanitation), as well as increasing transparency to meet investors’ growing interest in blue assets.

This is the first Blue Bond issuance from a company in the Middle East and North Africa, reflecting the company’s aim of leading the logistics sector and region toward a more resilient future. It is also the first corporate Blue Bond out of the broader Central & Eastern Europe, Middle East and North Africa region.

DP World’s 5-year Blue Bond was priced at a 5.25% coupon rate.

Investment management firm, T. Rowe Price Associates, Inc. was the key investor.

The Blue Bond is fully aligned with the DP World’s recently launched Ocean Strategy and long-standing Decarbonisation and Water Strategies. The Ocean Strategy, which encompasses four foundational pillars, links global trade and environmental stewardship, supports the company’s leadership towards a Sustainable Blue Economy and removes barriers to comprehensive climate ocean action. The strategy aims to advance the Paris Climate Agreement and the Kunming-Montreal Global Biodiversity Framework Goals.

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive of DP World, said: \"As a responsible leader in global trade, we are committed to preserving the ocean’s ability to provide for future generations. It is our ambition to lead our industry towards a sustainable blue economy as we work with our partners to remove barriers to comprehensive climate and ocean action. This Blue Bond will lay the foundation for the years to come.”

“We are increasingly working in regions where the ocean is being polluted, coastal biodiversity is being lost, and critical resources like water are becoming scarcer, posing significant threats to both nature and people. This issuance represents DP World’s second foray into the sustainable financing capital markets highlighting our commitment to sustainability and demonstrates our approach towards sustainable business practices.”

Rob Sharps, Chairman, CEO, President of T. Rowe Price Group, Inc.[1], said:

“We are proud to partner with DP World on its issuance of the first corporate Blue Bond in the Middle East. This innovative transaction will mobilize capital towards UN SDG 14, Life Below Water, while providing an opportunity for attractive investment returns. We recognize UN SDG 14 as the most underfunded of all the sustainable development goals. We hope this transaction can be a model for other issuers and investors to support the blue economy.”

Philip Brown, Managing Director, Global Head of Sustainable Debt Capital Markets of Citigroup, which advised on the bond, said:

“Citi is proud to have supported DP World in arranging this important inaugural Blue Bond issuance under the updated and pioneering Sustainable Finance Framework.”

The Blue Bond spread of 99.6 bps above US treasuries represents DP World’s tightest ever spread in the bond or sukuk market, demonstrating the attractiveness of the issuance.

The eligible projects included within the Blue Bond portfolio, include:

· Sustainable Marine Transportation: Supporting research, development, and procurement of alternative fuels and technologies to reduce carbon emissions, and other sources of marine pollution in the maritime sector.

· Sustainable Ports Development: Funding infrastructure upgrades to minimise environmental impacts, noise and air pollution.

· Marine Ecosystem Conservation and Restoration: Expanding Nature Based Solutions projects to conserve and restore marine ecosystems, and innovations to enhance biodiversity.

· Marine Pollution: Initiatives to tackle waste and pollution in coastal and marine environments, as well as improvements to water quality and ensuring the equitable access to water.

The Bond follows the publication of DP World’s recently enhanced Sustainable Finance Framework, which is aligned with various international standards. The Framework takes into consideration the Guidelines for Blue Finance from the International Finance Corporate and the ‘Bonds to Finance the Sustainable Blue Economy – A Practitioner’s Guide’.

Earlier this year, DP World published its inaugural Green Sukuk Impact and Allocation Report. Of the $1.5bn raised in 2023, $1.17bn has already been allocated to eligible green projects. Projects financed though the Sukuk have contributed to avoiding more than 177 million kg of CO2 emissions, saving 466,057 MJ of energy and generating 866,686 kWh of renewable energy.

For further information on DP World’s sustainability initiatives or investment opportunities, visit: https://www.dpworld.com/investors/esg

","pubDate":"Thu, 19 Dec 2024 13:37:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/fb026e7a-f4c6-4ae4-a4e8-214143ecca1e/500_diverworkingoncoral.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/fb026e7a-f4c6-4ae4-a4e8-214143ecca1e/500_diverworkingoncoral.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/fb026e7a-f4c6-4ae4-a4e8-214143ecca1e/diverworkingoncoral.jpg?10000","ppImageTitle":"Diver working on coral"},{"title":"DP WORLD KICKS OFF MARITIME CONSTRUCTION AT NEW $1.2 BILLION PORT IN SENEGAL","link":"https://www.dpworld.com/news/dp-world-kicks-off-maritime-construction-at-new-12-billion-port-in-senegal/","guid":"https://www.dpworld.com/news/dp-world-kicks-off-maritime-construction-at-new-12-billion-port-in-senegal/","caseid":"681793","description":"

The arrival of the dredger Willem Van Rubroeck in Ndayane this month marks the start of maritime works for the $1.2 billion Port of Ndayane, a project set to transform Senegal into a major centre for global trade.

The vessel will dredge a 5 km-long shipping channel — an essential step in building this state-of-the-art, high-capacity port designed to elevate Senegal’s trade infrastructure.

Phase 1 of the project includes an 840m quay and a 5 km channel capable of accommodating the world’s largest container ships. The construction in this phase will create a capacity to handle 1.2 million TEUs annually. Phase 2 will add a further 410m quay, positioning Ndayane as a leading logistics hub in West Africa.

The Port of Ndayane builds on DP World’s success at the Port of Dakar, which has grown from handling 300,000 TEUs in 2008 to 800,000 TEUs in 2023. However, the Dakar port’s location within a densely urbanized area limits expansion, making Ndayane a strategic solution to support Senegal’s long-term trade and economic growth ambitions.

Following a recent meeting with Senegalese Prime Minister Ousmane Sonko, DP World Group Chairman and CEO Sultan Ahmed bin Sulayem emphasised the company’s long-term commitment to Senegal:

“We believe in Senegal’s economic potential and fully support the government’s ambitions for the nation. The Port of Ndayane will elevate Senegal and impact trade across the African continent. We are proud of our achievements with the Port of Dakar, and Ndayane marks the next level—positioning Senegal as a key trade hub for the region. Our plans extend beyond the port. We will develop an economic zone near the port and Blaise Diagne International Airport, which is expected to create even more employment than the port itself.\"

DP World is collaborating with British International Investment (BII), the UK’s development finance agency, to deliver the project. BII estimates the port boost Senegal’s GDP by 3% through increased trade flows, potentially adding $15 billion in trade value by 2035. During construction, the project will create over 1,800 jobs, and once operational, it is expected to support 2.3 million jobs across Senegal, including 22,000 tied directly tied to expanded trade.

The Port of Ndayane will transform Senegal into a regional trade leader, unlocking new opportunities for economic growth, employment and global connectivity.

","pubDate":"Wed, 18 Dec 2024 10:16:10 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9718c4b0-b9f2-4fde-b722-2f13754df66a/500_sultanandpmsonko.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/9718c4b0-b9f2-4fde-b722-2f13754df66a/500_sultanandpmsonko.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9718c4b0-b9f2-4fde-b722-2f13754df66a/sultanandpmsonko.jpeg?10000","ppImageTitle":"Sultan and PM Sonko"},{"title":"DP WORLD LAUNCHES WORLD’S FIRST CONTAINER PORT CARBON INSET PROGRAMME","link":"https://www.dpworld.com/news/dp-world-launches-worlds-first-container-port-carbon-inset-programme/","guid":"https://www.dpworld.com/news/dp-world-launches-worlds-first-container-port-carbon-inset-programme/","caseid":"680901","description":"

DP World is trialling an innovative carbon reduction programme at its UK logistics hubs, London Gateway and Southampton, aimed at helping cargo importers cut their emissions.

Starting on 1 January 2025 for an initial six-month trial, the Carbon Inset Programme will reward importers with 50kg CO₂e of carbon credits for every loaded import container they move through DP World’s UK terminals. These independently certified credits, issued quarterly, will showcase participating companies’ efforts to reduce the indirect (Scope 3) emissions in their supply chains.

Unlike traditional carbon offset credits, which compensate for emissions through external projects like tree planting, inset credits reflect a tangible reduction in emissions achieved directly in a company’s own supply chain.

DP World’s inset credits are generated through its subsidiary, Unifeeder, which deploys incrementally lower-carbon fuels across its Northern European shipping network. These credits are verified and pooled, allowing registered importers to access independently certified carbon credits.

For businesses, this represents a transparent and measurable way to cut Scope-3 emissions – indirectly produced along the supply chain, while demonstrating sustainability commitments to customers.

The inset initiative builds on DP World’s award-winning Modal Shift Programme, which reduced emissions for its partners by more than 17,000 tonnes in its first year. These efforts earned DP World the ‘Transport and Mobility Project of the Year’ accolade at the edie Net Zero awards in November.

John Trenchard, Vice President – Commercial & Supply Chain, DP World in the UK, said: “At DP World we are constantly exploring ways to reduce carbon emissions across our customers’ supply chains. Insetting carbon emissions is a transparent, direct and pragmatic approach with immediate measurable impact for our customers. By providing easy access to an independently certified inset programme, we aim to create better awareness and encourage the adoption of more sustainable practices. By participating in the trial, a world first, import cargo owners can actively contribute to global decarbonisation efforts while aligning with their own sustainability goals.”

If 50% of import volume participates in the trial at DP World’s UK container terminals, this could replace over 11,000 tonnes of traditional fossil fuel with lower carbon marine fuels, equivalent to the reduction of 10,000 tonnes of carbon dioxide.

Christian Hoepfner, Director Group Decarbonisation at Unifeeder Group, added: “At Unifeeder, we are committed to using alternative fuels to decarbonise our logistics solutions. We are supporting DP World in the UK in their innovative Carbon Inset Programme by contributing verified GHG reductions generated on our vessels operating in Europe.”

Businesses can register for the trial and are encouraged to sign up before 31 December 2024 to receive free carbon inset credits. Registration is simple, businesses can click the link or contact DP World at energytransition.uk@dpworld.com for more information.

","pubDate":"Tue, 10 Dec 2024 13:20:38 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/f40c6514-01a1-4197-a2d0-9adf01beb116/500_dlp-3069unifeederdavidleephotographyltdcopy-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/f40c6514-01a1-4197-a2d0-9adf01beb116/500_dlp-3069unifeederdavidleephotographyltdcopy-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/f40c6514-01a1-4197-a2d0-9adf01beb116/dlp-3069unifeederdavidleephotographyltdcopy-2.jpg?10000","ppImageTitle":"DLP_3069 Unifeeder David Lee Photography Ltd copy"},{"title":"DP WORLD CONVENES GLOBAL LEADERS TO DISCUSS THE FUTURE OF FREIGHT","link":"https://www.dpworld.com/news/dp-world-convenes-global-leaders-to-discuss-the-future-of-freight/","guid":"https://www.dpworld.com/news/dp-world-convenes-global-leaders-to-discuss-the-future-of-freight/","caseid":"678561","summary":"

Discussions at the Global Freight Summit will focus on how to adapt to meet rising demand for sustainable, efficient and resilient logistics solutions in a challenging global environment

Notable dignitaries from various sectors will tackle subjects aligned to the theme of ‘Acting on the opportunities of a changing world

","description":"

Leading global figures from trade, logistics, business and government will discuss the future of freight in Dubai this week at DP World’s Global Freight Summit.

Industry leaders will debate and discuss topics that touch on lives around the globe, such as how to steer global trade toward prosperity, what trade will look like in 2050, and unleashing the game-changing power of Artificial Intelligence (AI).

Solutions and best-in-class modern approaches to challenges such as building truly sustainable supply chains and balancing food demand, supply and security will be shared as the event aims to offer a platform for collaboration in the industry.

The three-day event includes a special discussion with Jim Yong Kim, 12th President of the World Bank, on boosting global growth for shared prosperity. Tony Fernandes, who built Asia’s largest low-cost airline, AirAsia, will discuss the opportunity of disruption and how to challenge the status quo. H.S.H. Prince Michael von Lichtenstein will provide perspectives on managing risk today for long-term returns.

Other keynote speakers include celebrated data scientist Rumman Chowdhury, Co-Founder of Wikipedia, Jimmy Wales, and supply chain experts from Maersk and Hapag-Lloyd.

DP World’s 2024 Global Freight Summit is now its third year with the level of interest and impact increasingly significantly year-on-year.

Group Chairman and CEO of DP World Sultan Ahmed bin Sulayem, said: “The logistics landscape is transforming rapidly. Customers now expect solutions that are not only cost-effective, but also meet heightened standards for efficiency, sustainability and resilience, in response to global challenges.

“It is essential that as an industry we collaborate to meet these demands using the latest, efficient, innovative and sustainable methods. That is the ultimate objective of the Global Freight Summit.”

The majority of event participants are Freight Forwarders who are increasingly turning to technology-driven solutions and partnerships to meet shifting demands from consumers.

Mike Bhaskaran, Group Chief Operations Officer of Digital Technology at DP World, said :“The most successful Freight Forwarders will be those that adopt a customer-centric approach – taking on ever more complex demands and forming partnerships with the right firms capable of delivering innovative solutions.

“Price is still a huge driver for business and cargo movements still need to be cost-effective, but now more than ever they also need to be efficient, sustainable and robust enough to overcome an increasing number of geopolitical and environmental challenges.

\"We are supporting our Freight Forwarder partners with bigger and more complex work than ever before, due to customer and end-user demands as well as new legislation and expectations on sustainable logistics,” Bhaskaran added.

The Global Freight Summit 2024, taking place at the Dubai Exhibition Centre, Expo City from 18 to 20 November, is expected to draw over 10,000 industry leaders from more than 155 countries.

","pubDate":"Tue, 19 Nov 2024 10:22:40 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/651aea0d-2102-4143-93b5-6cb3cde75fa2/500_image7.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/651aea0d-2102-4143-93b5-6cb3cde75fa2/500_image7.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/651aea0d-2102-4143-93b5-6cb3cde75fa2/image7.jpg?10000","ppImageTitle":"Image 7"},{"title":"DP WORLD AND SAILGP ANNOUNCE NEW GLOBAL SMART LOGISTICS PARTNERSHIP","link":"https://www.dpworld.com/news/dp-world-and-sailgp-announce-new-global-smart-logistics-partnership/","guid":"https://www.dpworld.com/news/dp-world-and-sailgp-announce-new-global-smart-logistics-partnership/","caseid":"678552","subtitle":"As part of the landmark deal, DP World will provide comprehensive logistics support for SailGP to transport racing equipment and materials safely, sustainably and efficiently across the racing calendar","description":"

DP World and SailGP have announced a new global logistics partnership that will see the company oversee the transport and delivery of the global racing championship’s annual calendar of events.

Powered by its global network of 115,000 employees in 78 different countries, DP World will provide comprehensive end-to-end logistics for SailGP across five continents, managing all sea freight, courier services and route optimisation solutions. Its network of storage handling, trucking, rail, and barge transport capabilities will also be on hand to support the delivery of the racing schedule.

DP World’s regional operations will provide on the ground support for each race weekend, while a Control Tower Team stationed in the UAE will offer 24/7 global oversight and support. The logistics giant will also be helping Sail GP to deliver on its sustainability ambitions by prioritising carbon-neutral logistics and emphasising low-carbon transport. It will also provide the league with race-by-race carbon tracking.

In addition to the demands of a global calendar of races, DP World will also be providing bespoke logistics solutions to transport the teams’ F50 catamarans across multiple continents from race to race. The F50s must be disassembled into carefully designed components that fit into custom containers for sea freight before being reconstructed at race locations on temporary pit lanes. Essential supplies include team boats, broadcast equipment and racecourse infrastructure will also require transportation across the season.

Sail GP is the latest high profile and logistically demanding sports competition to be supported by DP World’s operations. In 2023 DP World transported over 20 containers with more than 10,000 essential items to Rome to help deliver the Ryder Cup, and this summer played a pivotal logistics role in the delivery of the ICC Men’s T20 World Cup 2024 in the United States.

DP World Chief Communications Officer Daniel van Otterdijk said: “We’re delighted to partner with Sail GP to help them deliver smarter, more efficient and more sustainable logistics solutions for their global calendar of races over the next three years. It’s another great opportunity to bring our global network and world class logistics capabilities to the sporting arena and we’re excited to get started at the race this weekend.”

SailGP Managing Director Andrew Thompson added: “We’re thrilled to welcome DP World onboard as SailGP’s Global Smart Logistics Partner. SailGP is one of the most complex logistical operations in sport. Transporting thousands of pieces of race equipment around the world means we need to work with industry-leading forward thinking partners such as DP World. Together, we’re finding new and innovative ways to bring our global calendar and the most exciting racing on water to more fans than ever before - shaping a truly unique and authentic global partnership.”

The three-season partnership begins ahead of the 2025 Season opening event, the Emirates Dubai Sail Grand Prix. A record 11 national teams take to the waters of Mina Rashid this weekend (November 23-24, 2024) - with the nearby port owned by DP World’s subsidiary P&O Marinas, as presenting partner of the event.

","pubDate":"Tue, 19 Nov 2024 09:06:07 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/a7573f4d-90c9-4191-b590-934caa1a821b/500_keyvisual2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/a7573f4d-90c9-4191-b590-934caa1a821b/500_keyvisual2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/a7573f4d-90c9-4191-b590-934caa1a821b/keyvisual2.jpg?10000","ppImageTitle":"Key Visual 2"},{"title":"DP WORLD AUSTRALIA ANNOUNCES ACQUISITION OF SILK LOGISTICS","link":"https://www.dpworld.com/news/dp-world-australia-announces-acquisition-of-silk-logistics/","guid":"https://www.dpworld.com/news/dp-world-australia-announces-acquisition-of-silk-logistics/","caseid":"677653","description":"

DP World Australia, a subsidiary of DP World, announces it has entered into a binding Scheme Implementation Deed for the acquisition of 100% of the issued share capital of Silk Logistics Holdings Limited via a Scheme of Arrangement with a cash offer of A$2.14 per share. The transaction values the equity of Silk Logistics at approximately A$174.5 million.

This transaction is subject to shareholder approval of Silk Logistics and standard closing conditions, including necessary regulatory approvals, and is expected to complete in the first half of 2025.

Silk Logistics is a comprehensive port-to-door logistics services provider which operates 21 logistics hubs and 25 warehousing sites across five Australian states. Silk Logistics partners with some of the world’s leading brands providing efficient and cost-effective services to a national customer base.

The Group operates two main business segments:

Port Logistics: Seamless wharf cartage services between Australia’s major ports.
Contract Logistics: Warehousing and multimodal distribution solutions to support complex supply chain needs.

DP World Australia is a subsidiary of DP World, a leading global transport and logistics company, handling approximately 10% of global containerised trade. DP World Australia operates four container terminals and three container parks -- at Brisbane, Sydney, Melbourne and Fremantle -- as well as inland distribution centres and warehouses.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: DP World’s acquisition of Silk Logistics marks a significant step forward in strengthening our integrated logistics capabilities and expanding our service offerings. This strategic move reinforces our commitment to providing seamless, end-to-end customised solutions for our customers, while delivering sustainable value for all our stakeholders.

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: “DP World Australia is excited about the opportunity to welcome Silk Logistics into our portfolio. This acquisition aligns with our strategy to deliver complementary logistics solutions for a broad customer base across Oceania.

Combining DP World Australia’s terminal operations with Silk Logistics’ value add services enhances our capability to deliver enhanced solutions for customers.

","pubDate":"Mon, 11 Nov 2024 06:55:53 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/56f8d6a3-ce14-4354-b04d-6c27a3181906/500_aerialviewofcontaineryardandstraddlecarrieratbrisbaneterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/56f8d6a3-ce14-4354-b04d-6c27a3181906/500_aerialviewofcontaineryardandstraddlecarrieratbrisbaneterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/56f8d6a3-ce14-4354-b04d-6c27a3181906/aerialviewofcontaineryardandstraddlecarrieratbrisbaneterminal.jpg?10000","ppImageTitle":"Aerial view of container yard and straddle carrier at Brisbane terminal"},{"title":"DP World Named Worldwide Partner of the Ryder Cup Through 2027","link":"https://www.dpworld.com/news/dp-world-named-worldwide-partner-of-the-ryder-cup-through-2027/","guid":"https://www.dpworld.com/news/dp-world-named-worldwide-partner-of-the-ryder-cup-through-2027/","caseid":"677037","subtitle":"DP World to provide industry leading logistics capabilities to ensure successful Ryder Cup competitions in 2025 and 2027","description":"

The PGA of America and Ryder Cup Europe announced that DP World, a leading provider of end-to-end supply chain solutions, will be a Worldwide Partner of the Ryder Cup through the 2027 competition. The announcement was following recent events marking the one year to go milestone for the 2025 Ryder Cup at Bethpage Black in Farmingdale, NY, from September 23-28, 2025.

Established in 1927 and played biennially, the Ryder Cup pits 12 of the best professional golfers from the United States and Europe in a head-to-head team match play competition. The event has grabbed the attention of golf fans globally as one of the world’s most exciting and anticipated sporting events. Since its inception the Ryder Cup has grown exponentially in scale in both viewership and physical footprint, attracting hundreds of vendors and partners and requiring logistical capabilities that seamlessly bridge the efforts of all parties involved.

First named a Worldwide Partner in 2023, DP World began its official support of the Ryder Cup ahead of the event at Marco Simone Golf and Country Club outside Rome, Italy. The 2023 partnership highlighted the value of DP World’s global network of advanced logistics capabilities, as the organization helped coordinate and expedite the flow of facilities needed to ensure the smooth running of the event. Among other initiatives, DP World delivered key electrical and solar power supplies, 90 mobility scooters to support attendees with limited mobility, and nearly two-dozen containers containing more than 10,000 goods used throughout the tournament.

With the Ryder Cup’s unique logistics needs, the partnership highlights the alignment of the tournament’s mission to promote international goodwill and sportsmanship and DP World’s excellence in delivery, global reach, prestige and community investment. DP World will continue bringing its industry leading capabilities to assist in delivering golf’s most anticipated team event of 2025 at Bethpage Black and in 2027 at Adare Manor Golf Club in Limerick, Ireland.

DP World’s smart logistical solutions and interconnected network across nearly 80 countries and six continents help transport more than 10% of global trade. The company’s investments in technology and people creates a network ideally suited to delivering the infrastructure and equipment needed to bring the Ryder Cup to millions of fans across the world while enhancing the efficiency and success of golf as a global sport.

Danny van Otterdijk, Chief Communications Officer at DP World: \"We are proud to extend our partnership with one of the most prestigious events in global sport. The Ryder Cup is a perfect match for DP World, as both share a commitment to excellence, innovation, and reaching a global audience. We are proud to have helped deliver a faster and more seamless Ryder Cup in 2023, and as discussions progress around how we might support logistical solutions for this iconic event moving forward, we remain excited about enhancing the fan experience and contributing to the continued success of the Ryder Cup in 2025 and beyond.\"

The continued partnership with the Ryder Cup strengthens DP World’s already-deep ties to the golf community, as the brand has been the Title Partner of the DP World Tour since 2022 and the season ending DP World Tour Championship since 2009.

Jeff Price, Chief Commercial Officer at PGA of America, said: \"As seen in 2023, DP World has been an invaluable partner in helping elevate the Ryder Cup experience on a global scale. Their expertise in logistics and supply chain solutions ensured the smooth operation of the event, enabling organizers to focus on delivering a world-class experience for those in attendance. We look forward to continuing this successful partnership as we approach Bethpage Black in 2025 and look ahead to 2027.\"

Richard Atkinson, Ryder Cup Director at the European Tour group, added: “The Ryder Cup has grown to become one of the biggest sporting events in the world and with that comes a high degree of complexity in its staging. DP World’s smart supply chain expertise is highly valued by Ryder Cup Europe, the PGA of America and our partners and they helped us stage a record breaking and truly memorable match in Rome. We are always trying to elevate the experience and New York in 2025 provides the perfect stage to do just that. We look forward to working closely with DP World during the next two matches.”

With just under a year to go until the world’s best golfers tee off at Bethpage Black, DP World, PGA of America and Ryder Cup Europe are working to implement industry leading supply chain solutions to help add the 2025 Ryder Cup to the lengthening list of memorable moments in golf history.

Additionally, DP World will look to activate its partnership onsite through an experiential fan zone, where Ryder Cup fans can expect to learn about the company’s smart logistics capabilities. The space will also highlight DP World’s ‘Second-Life Container’ mission, collecting used and unwanted golf balls and equipment to deliver them to grassroots golf projects most in need.

","category":"Partnerships","pubDate":"Tue, 05 Nov 2024 10:31:22 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/19585fcb-4af2-442b-b62d-06fa8042b792/500_dpworldxrydercup2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/19585fcb-4af2-442b-b62d-06fa8042b792/500_dpworldxrydercup2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/19585fcb-4af2-442b-b62d-06fa8042b792/dpworldxrydercup2.jpg?10000","ppImageTitle":"DP World x Ryder Cup 2"},{"title":"DP WORLD EXPANDS SUSTAINABLE DEVELOPMENT IMPACT DISCLOSURE TO THREE NEW COUNTRIES","link":"https://www.dpworld.com/news/dp-world-expands-sustainable-development-impact-disclosure-to-three-new-countries/","guid":"https://www.dpworld.com/news/dp-world-expands-sustainable-development-impact-disclosure-to-three-new-countries/","caseid":"676010","summary":"

DP World was the first company to publish a Sustainable Development Impact Disclosure in April 2024, reporting on India and Somaliland

Its latest disclosure includes significant impact ambitions in Brazil, Senegal and South Africa, demonstrating DP World’s commitment to investing in developing markets

","description":"

DP World has extended its Sustainable Development Impact Disclosure (SDID) to include Brazil, Senegal and South Africa, showcasing its continued progress toward achieving the UN’s Sustainable Development Goals (SDGs).

This follows the company’s first SDID published in April 2024, which focused on India and Somaliland.

The extended SDID report highlights DP World’s commitment to advancing sustainable development through strategic investments and demonstrates how the company is making a tangible impact across critical areas from resilient infrastructure to community engagement and gender equality. For instance, in Brazil, we are collaborating with Rumo to develop a new terminal capable of handling 12.5 million tonnes of grains and fertilisers, further establishing Santos as a key hub for agricultural logistics. Similarly, in Senegal, we have invested over US$300 million to modernise operations, increasing the terminal’s handling capacity from 265,000 TEUs in 2008 to 800,000 TEUs in 2023 enhancing the sub-regional trade connectivity and improving the reach to hard-to-access markets.

Sultan Ahmed bin Sulayem, DP World’s Group Chairman and Chief Executive Officer, said: \"We are commited to investing at scale globally to strengthen trade resilience and foster positive social impacts in the communities where we operate. So we are immensely proud to extend this disclosure and highlight our contributions to advance the UN’s Sustainable Development Goals and bridge gaps in key developing economies. The report shows how the services DP World delivers create infrastructure, improve logistics services and provide opportunitities for communities.\"

This latest report was developed in collaboration with the Impact Disclosure Taskforce, a global network of financial institutions and industry stakeholders dedicated to establishing reliable impact reporting standards. It provides voluntary guidance to companies, particularly in emerging markets, to measure and disclose the intended development impacts of their strategies.

Arsalan Mahtafar, Co-Chair of the Impact Disclosure Taskforce and Head of J.P. Morgan’s Development Finance Institution, said: \"DP World has been a pioneer in using the Impact Disclosure Guidance to demonstrate how its business strategy will address country specific development challenges in key countries of operations. Their commitment to measuring and managing their development impact could provide SDG-focused investors the insights needed for informed investment and engagement decisions.\"

The expanded SDID serves as a key tool to engage investors by increasing transparency around key development metrics and targets.

Cedric Merle, Co-Chair of the Impact Disclosure Taskforce and Head of the Center of Expertise and Innovation within Natixis Corporate & Investment Banking’s Green and Sustainable Hub: \"With the final impact disclosure framework now published, corporates and sovereign entities can establish forward-looking targets to effectively communicate their ambitions to investors and how negative effects are being remediated. DP World has led the way as the first company to pilot this framework. Now that it is fully operational, DP World has refined and expanded its application to other emerging markets in which it operates, including Brazil, Senegal, Somaliland, South Africa, and India. By showcasing real-world cases, DP World demonstrates the framework's applicability and provides valuable insights on how to effectively communicate contributions to the SDG and close the development gap.”

By adhering to the Impact Disclosure Guidance, DP World ensures its investments meet the highest standards of impact measurement and management. This commitment could qualify its securities for sustainable capital, supporting global efforts to achieve the UN SDGs.

Full Sustainable Development Impact Disclosure (SDID) report can be viewed here.

","pubDate":"Thu, 24 Oct 2024 16:06:46 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/04358590-c29e-40a2-bf0f-86748d681e96/500_solarpanels.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/04358590-c29e-40a2-bf0f-86748d681e96/500_solarpanels.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/04358590-c29e-40a2-bf0f-86748d681e96/solarpanels.jpg?10000","ppImageTitle":"Solar panels"},{"title":"DP WORLD ACQUIRES 47,000 TEUS IN BOOST TO CAPACITY AND CUSTOMER EXPERIENCE","link":"https://www.dpworld.com/news/dp-world-acquires-47000-teus-in-boost-to-capacity-and-customer-experience/","guid":"https://www.dpworld.com/news/dp-world-acquires-47000-teus-in-boost-to-capacity-and-customer-experience/","caseid":"674556","summary":"

Customers to benefit from access to increased capacity, availability and flexibility

Containers set for long service involving multiple routes and diverse cargo

","description":"

For the first time, DP World has acquired 47,000 TEUs that have been registered and branded to the company. The new containers will increase DP World’s cargo capacity and ability to respond quickly and flexibly to customer needs.

This acquisition provides DP World’s customers seamless access to critical container capacity, ensuring that even during periods of peak demand or unexpected disruptions, they have the ability to keep goods moving. By enhancing its control over delivery schedules, DP World can minimise risk of delays, which makes customers’ supply chains more resilient and responsive in today’s fast-paced environment.

Aligned with DP World’s fleet renewal strategy, this acquisition underscores its commitment to providing customers with reliable and efficient equipment. By investing in a younger fleet with reduced maintenance needs, the company aims to reduce its operating costs—passing these savings directly to customers, who can depend on consistently high-quality service.

Ganesh Raj, Global Chief Operating Officer, Marine Services at DP World said: “In today’s increasingly complex and competitive commercial environment, supply chains are under growing pressure. This injection of 47,000 TEUs into the existing ecosystem of DP World-owned assets will help our customers access the capacity they need, safe in the knowledge that their goods will be moved from end to end with a single partner.”

DP World’s owned assets span the full, multimodal logistics supply chain– from vessels, ports and terminals, economic zones, warehouse facilities, and specialist pharma grade cold storage centres, to electric shuttle carriers, HVO-trucks, and digital wallets, all spread across 78 countries on six continents.

Aligned with DP World's sustainability commitment, these containers will be transported on fuel-efficient vessels, trucks, and trains.

DP World continues to focus on the strategic expansion of its assets and expertise, as part of its efforts to streamline the flow of trade, lower costs, and reduce environmental impact. Fundamental to these efforts is DP World’s commitment to its customer, and effort to simplify processes and boost technology to reduce friction and help trade flow.

","pubDate":"Wed, 16 Oct 2024 15:22:43 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/2c83374b-4e5f-4d85-b3ec-7fcb511ae402/500_bd-dpw-livery-e8-online.00-01-05-21.still016.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/2c83374b-4e5f-4d85-b3ec-7fcb511ae402/500_bd-dpw-livery-e8-online.00-01-05-21.still016.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/2c83374b-4e5f-4d85-b3ec-7fcb511ae402/bd-dpw-livery-e8-online.00-01-05-21.still016.jpg?10000","ppImageTitle":"BD_DPW_LIVERY_E8_ONLINE.00_01_05_21.Still016"},{"title":"LOGISTICS GIANT DP WORLD TO BOOST UK TRADE WITH £1BN EXPANSION OF LONDON GATEWAY","link":"https://www.dpworld.com/news/logistics-giant-dp-world-to-boost-uk-trade--with-1bn-expansion-of-london-gateway/","guid":"https://www.dpworld.com/news/logistics-giant-dp-world-to-boost-uk-trade--with-1bn-expansion-of-london-gateway/","caseid":"668258","description":"

Global logistics giant DP World has today announced a £1bn expansion of London Gateway to make it Britain’s largest container port within five years in a boost to the volume and resilience of international trade.

DP World will increase capacity of London Gateway’s port by building two new shipping berths, taking the total to six berths able to receive the world’s largest container ships. The site will also see a second rail terminal added to handle the expected increase in containerised trade.

By the end of the decade, the full quayside stretching more than 2.5km in length will be able to simultaneously receive six vessels, each more than 400 metres long, and boast Europe’s tallest quay cranes at the height of the Big Ben.

The expansion will create a further 400 permanent new jobs, in addition to the 1,200 currently employed at the site, and is the culmination of a rapid growth plan for the Thames Estuary hub which opened in 2013 and has been a catalyst for economic regeneration in south Essex.

The expansion will take the total invested by DP World at London Gateway to more than £3bn, converting the site of a former oil refinery into one of the UK’s largest and most important logistics hubs. The site has most recently seen the addition of a £350m fourth berth, the first to be powered entirely by electricity, and which will soon accept its first ship.

DP World has established Europe’s largest logistics park, employing 1,500 workers, as a counterweight to the Midlands-based ‘golden triangle’ of UK logistics. Tenants at the park benefit from storage, warehousing and distribution services linked to excellent rail freight and motorway connections, and quick access to the important consumer market of London and the South East. Fast-track planning consent enables businesses to erect new facilities in response to demand.

Sultan Ahmed bin Sulayem, Group Chairman & Chief Executive Officer at DP World said: “DP World London Gateway will help make Britain’s trade flow in the future by connecting domestic exporters with global markets and delivering vital supply chain resilience for the whole economy. I am proud of this major investment which underlines DP World’s long-term commitment to the UK.”

Ernst Schulze, Chief Executive Officer for Ports & Terminals at DP World UK, said: “As this commitment demonstrates, London Gateway’s location and transport infrastructure are ideally placed for expansion. With extra capacity comes the reliability and supply chain resilience so important to our customers and consumers, especially in uncertain times such as the pandemic and disruption due to geopolitical events.”

Subject to planning approval and regulatory requirements, the expansion is expected to significantly increase the volume of trade at the port which currently handles approximately nearly 2 million TEU annually.

DP World plays an increasing role in the UK economy, employing 5,500 workers across a wide portfolio of logistics services. As well as owning London Gateway and operating Southampton’s container terminal, it is also a major logistics provider, offering customers bespoke services in warehousing, transport and port- centric logistics across a wide variety of sectors, such as automotive and perishables. Three quarters of imported containerised perishable goods are handled at London Gateway and its sister port in Southampton.

","pubDate":"Mon, 14 Oct 2024 11:09:57 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/585df5c9-d225-4388-9a4c-a2b6f8fdcfc9/500_londongatewaystraddlecarrier0321.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/585df5c9-d225-4388-9a4c-a2b6f8fdcfc9/500_londongatewaystraddlecarrier0321.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/585df5c9-d225-4388-9a4c-a2b6f8fdcfc9/londongatewaystraddlecarrier0321.jpg?10000","ppImageTitle":"London Gateway Straddle Carrier 032 (1)"},{"title":"DP World Expands Marine Services Fleet with New Vessels Offering Cutting-Edge Efficiency","link":"https://www.dpworld.com/news/dp-world-expands-marine-services-fleet--with-new-vessels-offering-cutting-edge-efficiency/","guid":"https://www.dpworld.com/news/dp-world-expands-marine-services-fleet--with-new-vessels-offering-cutting-edge-efficiency/","caseid":"663320","description":"

DP World welcomed two newly built vessels to its Marine Services fleet, further strengthening its commitment to sustainability and operational excellence.

The newbuild vessels, Navios Utmost and Navios Unite were officially named at a naming ceremony at the Changhong shipyard in Zhoushan, China. They will join the Unifeeder fleet as part of a fleet renewal plan to deploy more efficient vessels as the company continues to test alternative fuels and monitor the availability of fuel supplies.

Both are Sapphire 5300 compact gearless container vessels, which feature cutting-edge maritime technologies designed to enhance cargo handling efficiency, reduce operational costs and contribute to a more sustainable maritime industry.

The vessel’s hull optimisation and energy-saving technologies are also designed to maximise fuel efficiency and minimise their carbon footprint. For example, the Navios Utmost is expected to save approximately 1,700 metric tonnes of bunker fuel annually, leading to 15% to 20% reduction in its carbon emissions for its intended routes.

The compact design also allows for greater manoeuvrability and access to smaller ports, including inland terminals, opening new opportunities to expand supply chain networks.

The Navios Utmost will be integrated into Unifeeder’s Far East Madras Express Service (FME), while the Navios Unite will join our Asian Gulf India Service (AGI).

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “Investing in these state-of-the-art vessels underlines DP World’s unwavering commitment to driving sustainability and operational efficiency across the global maritime sector. By integrating advanced technologies, we are reducing our environmental impact while enhancing the flexibility and reliability of our services. These vessels are a significant step forward in our efforts to reshape the future of global trade, ensuring it remains resilient and sustainable.”

Ganesh Raj, Global Chief Operating Officer, Marine Services, remarked, “Our extensive network provides a vital link in regional and global supply chains, offering easy access to satellite ports. The addition of these new vessels enhances our ability to deliver flexible, reliable services that meet the evolving needs of our customers. This investment strengthens our operational capabilities and reinforces our commitment to delivering value through an agile, efficient fleet. Looking ahead, we remain focused on continuous innovation and investment to ensure the seamless flow of global trade.”

The vessels are part of DP World Marine Services’ broader commitment to continually upgrading its fleet to ensure efficient and sustainable operations to support the growth of trade across the regions it serves. This year, Unifeeder Group completed long-term charter agreements for methanol-capable feeder vessels. Other recent initiatives include a strategic collaboration with MPC Container Ships ASA to invest in Energy Efficiency Technology, as well as the launch of ‘GreenBox’, a new carbon insetting solution to decarbonise the seaborne sections of customers’ supply chains.

","pubDate":"Thu, 03 Oct 2024 08:29:25 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/1615f03e-8352-424d-8520-a18e82513a45/500_img2dpworldexpandsmarineservicesfleetwithnewvesselsofferingcutting-edgeefficiency.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/1615f03e-8352-424d-8520-a18e82513a45/500_img2dpworldexpandsmarineservicesfleetwithnewvesselsofferingcutting-edgeefficiency.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/1615f03e-8352-424d-8520-a18e82513a45/img2dpworldexpandsmarineservicesfleetwithnewvesselsofferingcutting-edgeefficiency.jpg?10000","ppImageTitle":"IMG 2 DP World Expands Marine Services Fleet with New Vessels Offering Cutting-Edge Efficiency"},{"title":"JEBEL ALI PORT TO BECOME A MARINE HAVEN WITH SUSTAINABLE LIVING SEAWALLS INITIATIVE","link":"https://www.dpworld.com/news/jebel-ali-port-to-become-a-marine-haven-with-sustainable-living-seawalls-initiative/","guid":"https://www.dpworld.com/news/jebel-ali-port-to-become-a-marine-haven-with-sustainable-living-seawalls-initiative/","caseid":"663143","summary":"

Following a successful pilot in Peru, DP World is bringing Living Seawalls’ innovative marine-friendly habitats to its flagship Jebel Ali Port in Dubai, in the ‘Year of Sustainability’ in the UAE

","description":"

Dubai, UAE, 2 October 2024– DP World is set to enhance marine life at Jebel Ali Port in Dubai through a new partnership with Living Seawalls, introducing innovative marine panels designed to mimic natural habitats to help return marine life to coastal shorelines of the UAE. This comes as part of the ‘Year of Sustainability’ being marked in the UAE.

Living Seawalls was founded to address the ecological impact of traditional sea defences, which are often flat structures devoid of shelter for organisms. The company’s habitat panels mimic natural formations like rock pools and mangrove roots, and can be fitted to new or existing sea defences. Previous installations have led to a 36% increase in marine life after just two years, with further growth expected.

In 2021, Living Seawalls was a finalist in the Earthshot Prize and recieved £500,000 from DP World to fund the design and installation of a new seawall in our Port in Callao, Peru. Early analysis indicate promising results after the adoption of this inovation. The work at Jebel Ali Port marks the next phase in DP World’s journey toward creating sustainable, resilient, and biodiversity-rich port environments.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: “Expanding the Living Seawalls initiative to Jebel Ali Port is a testament to our commitment to more sustainable global trade. By transforming port infrastructure to benefit urban marine environments, we are not only supporting marine biodiversity but also setting new standards for sustainable port operations. This project is a significant step towards integrating smart design solutions while advancing the UN SDGs. In the ‘Year of Sustainability’ in the UAE, this collaboration further underscores our dedication to a more sustainable future for our planet.”

Katherine Dafforn, Co-Founder of Living Seawalls and Associate Professor, Macquarie University, added: “We urgently need to find ways to restore biodiversity to ensure the health of our ocean. This partnership between Living Seawalls and DP World will provide crucial habitats to support biodiversity on a large scale in Jebel Ali Port and help build a scientific evidence base for extending this initiative globally through DP World’s network of ports and terminals.”

The partnership underscores DP World’s commitment to marine biodiversity and sustainable infrastructure development, aligned with its ‘Our World, Our Future’ Sustainability Strategy. The strategy supports UN Sustainable Development Goals (SDGs), particularly Goal 14 (Life Below Water) and 15 (Life on Land) and contributes to UAE’s ambitions for a sustainable development. By enhancing port environments to support diverse marine species, the project also demonstrates the company’s commitment to delivering nature-positive solutions in urban settings.

The Earthshot Prize was launched by Prince William in 2020 to search for and scale the most innovative solutions to the world’s greatest environmental challenges. DP World is one of the Earthshot Prize’s Global Alliance Founding partners.

","pubDate":"Wed, 02 Oct 2024 09:59:34 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/a34d3fdc-8949-439b-a86f-1a8d892898c9/500_livingseawalls.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/a34d3fdc-8949-439b-a86f-1a8d892898c9/500_livingseawalls.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/a34d3fdc-8949-439b-a86f-1a8d892898c9/livingseawalls.jpg?10000","ppImageTitle":"Living Seawalls"},{"title":"DP WORLD TRADE FINANCE AND NEDBANK PARTNER TO DELIVER WORKING CAPITAL SOLUTIONS ACROSS SUB-SAHARAN AFRICA","link":"https://www.dpworld.com/news/dp-world-trade-finance-and-nedbank-partner-to-deliver-working-capital-solutions-across-sub-saharan-africa/","guid":"https://www.dpworld.com/news/dp-world-trade-finance-and-nedbank-partner-to-deliver-working-capital-solutions-across-sub-saharan-africa/","caseid":"661671","summary":"

Partnership includes a supply chain finance program for DP World suppliers in the region, with Nedbank as the financer

Risk sharing/co-lending initiatives to increase overall credit available for clients in SSA

","description":"

Businesses across sub-Saharan Africa that face working capital challenges, stand to benefit from a new partnership between DP World Trade Finance and Nedbank Corporate and Investment Bank (“Nedbank CIB”).

The partnership includes initiatives in supply chain finance for DP World’s suppliers in sub-Saharan Africa (SSA) and a risk-sharing agreement to enhance the trade finance availability to businesses across the region. These trade finance solutions will enable businesses to move their goods faster and further, helping them improve their working capital while also enabling the flow of trade.

A significant portion of trade from the region originates from businesses that face challenges in accessing trade finance solutions that would allow them to participate in global trade opportunities. These obstacles stem from the limited availability of data on creditworthiness, as well as a lack of visibility and control on the underlying trade, which exaggerates the perceived risks within the supply chain. In response, DP World launched DP World Trade Finance to bridge the trade finance gap, connecting businesses with financial institutions and providing trade finance facilities directly from its own balance sheet.

Mohammed Akoojee, CEO & Managing Director for sub-Saharan Africa at DP World, said: “Our partnership with Nedbank represents a significant step forward in addressing the trade finance challenges that have impacted the growth potential of businesses across sub-Saharan Africa. By combining DP World’s logistics capabilities with innovative financial solutions, we are not only enabling our suppliers to thrive but also fostering a more transparent and efficient trade ecosystem. This collaboration underscores our commitment to transforming trade and unlocking opportunities for sustainable economic growth in the region.”

Anél Bosman, Group Managing Executive at Nedbank CIB, says: “Our partnership with DP World Trade Finance highlights Nedbank’s commitment to driving sustainable growth and supporting economic recovery across sub-Saharan Africa. By combining our expertise in structured finance with DP World’s logistics network, we are well-placed to tackle the region’s trade finance challenges. This collaboration improves trade flow, empowers businesses to navigate a challenging economic environment, and unlocks new growth opportunities. This partnership demonstrates how we leverage our unique ecosystem expertise to see unexpected connections and create sustainable growth.”

Under the agreement, DP World Trade Finance has implemented a supply chain finance program on its platform, with Nedbank CIB as the financer, enabling DP World’s suppliers in the SSA to access early payments on their approved receivables. This program addresses the working capital constraints faced by suppliers, offering a more economical financing option compared to available traditional solutions in the market.

Nedbank CIB and DP World Trade Finance also signed a risk-sharing agreement to allow both firms to share risk in mutually beneficial transactions, thereby increasing the overall credit available to clients. One such initiative is the Virtual Farmer program, established by Specialized Agri Solutions (SAS). Through this program, DP World Trade Finance and Nedbank CIB are collaborating to provide enhanced credit to farmers, ensuring they have the necessary working capital to procure inputs such as seed, fertilizer and diesel for crop cultivation. This programme, which has been running for the past 12 seasons, exemplifies the impact of such structured trade finance solutions.

Through these collaborative efforts, DP World Trade Finance and Nedbank CIB are advancing DP World’s mission to make trade flow and change what’s possible for everyone.

","pubDate":"Wed, 18 Sep 2024 11:41:57 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/5dab1004-8916-47d0-b749-0255790604cb/500_dpworldtradefinanceandnedbankpartnertodeliverworkingcapitalsolutionsacrosssub-saharanafricaimg2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/5dab1004-8916-47d0-b749-0255790604cb/500_dpworldtradefinanceandnedbankpartnertodeliverworkingcapitalsolutionsacrosssub-saharanafricaimg2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/5dab1004-8916-47d0-b749-0255790604cb/dpworldtradefinanceandnedbankpartnertodeliverworkingcapitalsolutionsacrosssub-saharanafricaimg2.jpg?10000","ppImageTitle":"DP WORLD TRADE FINANCE AND NEDBANK PARTNER TO DELIVER WORKING CAPITAL SOLUTIONS ACROSS SUB-SAHARAN AFRICA IMG 2"},{"title":"HIGH-STAKES: DP WORLD & McLAREN F1 TEAM PARTNERSHIP REVEALED IN NEW FILM","link":"https://www.dpworld.com/news/ehigh-stakes-dp-world-mclaren-f1-team-partnership-revealed-in-new-film/","guid":"https://www.dpworld.com/news/ehigh-stakes-dp-world-mclaren-f1-team-partnership-revealed-in-new-film/","caseid":"658366","subtitle":"“Every Second Counts” depicts DP World’s vision and commitment to achieve excellence","description":"

DP World, Global Logistics Partner of the McLaren Formula 1 Team, has unveiled an electrifying new film featuring McLaren Formula 1 drivers, Lando Norris and Oscar Piastri, showcasing the dynamic partnership that supports McLaren’s performance on and off track. Watch the film here https://www.dpworld.com/partnerships/formula1.

The film, aptly titled “Every Second Counts”, showcases the partnership’s dedication to excellence -- through meticulous preparation and pushing the boundaries of elite performance – traits reflected by DP World in its ambition to transform the future of global trade.

As the Global Logistics Partner of the McLaren Formula 1 Team, DP World continues to leverage its smart logistics solutions and global network to provide expertise and experience to support McLaren’s global and complex supplier network, in the pursuit of continuing the momentum for on-track performance gains.

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: \"Every second really does count – as much on the track as it does for our customers. Just as precision timing and flawless execution are crucial on the racetrack, they are equally vital in the world of supply chain operations. By harnessing advanced technology and innovative strategies, we ensure that our partners stay ahead of the competition, like McLaren Racing does in Formula 1. We are excited to witness the upcoming race and looking forward to a stellar performance by the team.”

The partnership between DP World and McLaren began in 2023, with DP World supporting the McLaren Formula 1 Team to drive enhanced efficiency, reimagining the team’s supply chain to make it faster, smarter and more sustainable.

","category":"Partnerships","pubDate":"Mon, 16 Sep 2024 04:19:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/030ec498-18f1-4fdf-862f-60309612d182/500_key.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/030ec498-18f1-4fdf-862f-60309612d182/500_key.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/030ec498-18f1-4fdf-862f-60309612d182/key.jpg?10000","ppImageTitle":"KEy"},{"title":"SOLAR MAMAS WIN PRESTIGIOUS AWARD FOR TRANSFORMING COMMUNITIES","link":"https://www.dpworld.com/news/solar-mamas-win-prestigious-award-for-transforming-communities/","guid":"https://www.dpworld.com/news/solar-mamas-win-prestigious-award-for-transforming-communities/","caseid":"658076","description":"

DP World’s groundbreaking Solar Mamas initiative in Senegal has been awarded the ‘Community Involvement Programme of the Year’ in EMEA region at the 2024 Environmental Finance Sustainable Company Awards. This esteemed recognition highlights the programme’s transformative impact on women and communities in rural areas of Senegal, empowering them through solar energy solutions.

In partnership with UK-based Barefoot College International (BCI), the Solar Mamas initiative trains women from rural, non-electrified regions in solar engineering, equipping them with the skills to bring sustainable energy solutions to their communities. DP World’s partnership with BCI is a vital component of its broader strategy to foster sustainable development and empower local populations in the regions where it operates.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: \"The Solar Mamas initiative stands as a shining example of the transformative potential of empowering women with practical skills. We are profoundly honoured to receive this recognition for such a groundbreaking endeavour. This initiative is a testament to how empowering women can catalyse a brighter, more sustainable future for entire communities. As Africa navigates its path toward a just energy transition, we are confident that initiatives like Solar Mamas will be instrumental in delivering tangible benefits to the most disadvantaged groups.\"

Since its launch, Solar Mamas has trained 19 women in Senegal across two cohorts and the results have been profound. These women, known as the Solar Mamas, have brought renewable energy to more than 17,000 people in their communities, dramatically improving the quality of life in rural areas. Access to solar electricity means villagers can now charge their mobile phones, children can study under bright lights, and families can use electric sewing machines – boosting income and expanding economic opportunities, improving their education and eventually, employment prospects.

Sue Stevenson, BCI Director of Strategic Partnerships, said: “We at BCI are absolutely delighted at the recognition of the hard work of Solar Mamas and of their ability to drive change and a genuinely Just Energy Transition in their communities that this award signals. DP World is an invaluable partner and driver behind the ability of the women that this programme supports to change their lives and the lives of their communities, in hugely positive ways and for the long-term. It is a real pleasure to see DP World, the Solar Mamas and our partnership getting the recognition they deserve.”

In addition to improving education outcomes and economic prospects, Solar Mamas has addressed critical public health and safety issues. By replacing hazardous kerosene lamps with solar-powered lighting, the programme has significantly reduced exposure to harmful fumes and fire hazards. This simple transition to clean energy also enhances security for people and their livestock, extending productive hours and improving overall safety in rural areas.

Solar Mamas directly aligns with 15 of the 17 United Nations Sustainable Development Goals (SDGs), particularly focusing on poverty eradication, gender equality, and the provision of clean, affordable energy. The initiative also supports DP World’s long-term sustainability strategy, ‘Our World, Our Future’, which emphasizes Women and Education as two key pillars for lasting social impact.

Clarence Rodrigues, CEO of DP World Dakar, said: “We are incredibly proud to be the catalyst for this initiative in Senegal, that’s already helped two groups of Solar Mamas who are impacting their communities for the better. At DP World, we are committed to ensuring that women and education remain central to our sustainability efforts, and the Solar Mamas initiative is a powerful embodiment of that commitment.”

The Environmental Finance Sustainable Company Awards spotlight organizations that are at the forefront of environmental and social responsibility, celebrating companies that are pivoting their resources and operations to achieve sustainability and climate goals.

By winning the ‘Community Involvement Programme of the Year,’ DP World’s Solar Mamas programme is now recognised as a leading example of how corporate partnerships can drive transformative social and environmental change on a global scale.

","pubDate":"Thu, 12 Sep 2024 13:46:28 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/8184ef9d-bae9-4726-adf3-21c5190a5fb2/500_solarmamas2024w.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/8184ef9d-bae9-4726-adf3-21c5190a5fb2/500_solarmamas2024w.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/8184ef9d-bae9-4726-adf3-21c5190a5fb2/solarmamas2024w.jpeg?10000","ppImageTitle":"Solar Mamas 2024 w"},{"title":"DP WORLD EXPANDS SPECIALIST SERVICES FOR RETAIL AND CHEMICALS CUSTOMERS","link":"https://www.dpworld.com/news/dp-world-expands-specialialist-services-for-retail-and-chemicals-customers/","guid":"https://www.dpworld.com/news/dp-world-expands-specialialist-services-for-retail-and-chemicals-customers/","caseid":"656638","description":"

Dubai, 3 September 2024: DP World is expanding its specialist logistics service offering for customers in the retail and chemicals sectors, adding new capabilities and expertise to its global networks of supply chain infrastructure.

These new specialisms join DP World’s existing expertise in automotive, perishables, healthcare and tech.

Already handling more than 10% of global containerised trade, DP World is expanding its sector-specific expertise, offering a greater range of tools for end-to-end logistics solutions. This is to ensure its customers—whether in chemicals, retail, or beyond—are equipped to meet the challenges of tomorrow with confidence.

Beat Simon, Group Chief Commercial Officer, Logistics, DP World, said: “We are adding fresh impetus to our mission to lead global trade into a more resilient and efficient future. With the addition of new expertise, we enhance our ability to provide an unparalleled service to our customers worldwide, and especially those seeking to access specialised services in two diverse, but fast-evolving sectors in global trade: chemicals and retail.”

DP World has substantial existing expertise in chemicals though its subsidiary Legend Global Logistics, a Singapore-based global logistics firm. It will continue to build this capability globally to cater for the $4.2 trillion international chemicals industry, which requires sophisticated logistics solutions to boost efficiency, drive down costs, and meet increasingly rigorous environmental and safety standards.

DP World is already anticipating future challenges and opportunities, such as the need for more sustainable logistics solutions and expanding service reach to new emerging markets. The investment in chemicals logistics is designed to support the sector’s projected $1 trillion growth over the next decade.

“Under this expanded offer, we will give our chemicals customers the confidence and capabilities to expand into new markets worldwide, safe in the knowledge that we are unlocking new energy solutions and operating processes to track, measure and reduce environmental impact,” said Simon.

DP World is also growing its retail sector solutions, adding greater ocean and air freight, cold chain logistics and warehousing capacity. DP World’s Hong-Kong-based subsidiary Cargo Services Far East, and its sister company CN Logistics, gives DP World the tools to cater for customers in the retail and high-end fashion sectors. This includes not only expertise and technology but also comprehensive Purchase Order (PO) management capabilities. From origin consolidation to handling retailer POs, these solutions ensure efficient management of finished goods flow, delivering cost savings, transparency, speed to market, and scalability for retail businesses.

DP World continues to be led by its customers worldwide: working to extend its reach, build new capabilities, and open new routes and solutions wherever they’re needed. The group continues to be laser focused on connecting and simplifying processes, reducing friction and enhancing technology to help goods flow faster, and drive global prosperity and opportunity.

","pubDate":"Tue, 03 Sep 2024 10:34:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/c3cb84cc-bfa6-47ba-bbec-88b6efa2ee30/500_petroleumgastanksandpetrochemicalengineer.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/c3cb84cc-bfa6-47ba-bbec-88b6efa2ee30/500_petroleumgastanksandpetrochemicalengineer.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/c3cb84cc-bfa6-47ba-bbec-88b6efa2ee30/petroleumgastanksandpetrochemicalengineer.jpg?10000","ppImageTitle":"Petroleum gas tanks and petrochemical engineer"},{"title":"DP World Enters Retail and Fashion Logistics","link":"https://www.dpworld.com/news/dp-world-enters-retail-and-fashion-logistics/","guid":"https://www.dpworld.com/news/dp-world-enters-retail-and-fashion-logistics/","caseid":"656526","subtitle":"Acquisition bolsters DP World’s capabilities in end-to-end solutions for customers","description":"

Dubai, UAE, 2 September 2024: DP World has completed the acquisition of Cargo Services Far East Ltd – a global supply chain provider headquartered in Hong Kong.

Cargo Services is a market leader in origin services – moving goods from the factory floor to the customer’s door. It employs over 2,500 people in Greater China and across Asia, Europe, South Africa and the US.

With this significant milestone, DP World now has more than 115,000 employees, spread over 800 locations globally. By the end of the year, it will operate more than 200 freight forwarding offices, covering up to 95% of global trade flows.

Founded in 1989, Cargo Services was one of the earliest foreign logistics service providers to enter the China market. Over the decades, it has established an extensive portfolio of solutions such as origin purchase order management, ocean freight, air freight and warehousing for a diverse range of sectors. This includes sophisticated supply chain management services for retail and high-fashion customers in the US, UK, Europe, South Africa, Australia and New Zealand. It has also expanded its portfolio to provide specialised cruise logistics services globally.

Industries such as automotive, chemicals, healthcare, perishables, retail and technology, require tailored logistics solutions. DP World is strategically focused on creating specialised offerings that address each sector’s specific challenges and opportunities. The goal is to provide comprehensive, sector-specific solutions that drive efficiency, innovation, and growth.

Sultan Ahmed bin Sulayem, Group Chairman & Chief Executive Officer, DP World, said: “Cargo Services' logistics expertise and global network perfectly complement our own footprint, and will be yet another tool in our offering to customers. Together, we'll create a powerful force propelling trade globally. By combining our strengths -- technology, a growing logistics portfolio and strategic infrastructure – with Cargo Services' expertise and network , we will be able to offer unparalleled value to customers seeking to strengthen existing trade ties or enter new markets. We are very excited to welcome our new colleagues, as they join us on this pivotal step in our growth journey.\"

John Lau, Group Managing Director of Cargo Services Group, echoed this sentiment, highlightling the benefits of joining forces: “By joining DP World, we will gain access to extensive resources and expertise, allowing us to continue delivering top-tier freight-forwarding and logistics services that our customers demand. With a shared vision and strategy, I am confident that our respective teams will come together seamlessly to deliver growth.”

The acquisition process is officially complete, with plans for full integration over the next few months. The combined team will put together all required resources to ensure a smooth integration process, prioritising operational continuity, and delivering to meet customers’ needs.

To ensure a seamless transition, Lau will remain with the business and assume a senior leadership position within DP World.

","pubDate":"Mon, 02 Sep 2024 09:04:13 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9898a6fc-f55e-4563-bbb3-ce53ac0e4435/500_dpworldentersretailandfashionlogistics.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/9898a6fc-f55e-4563-bbb3-ce53ac0e4435/500_dpworldentersretailandfashionlogistics.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9898a6fc-f55e-4563-bbb3-ce53ac0e4435/dpworldentersretailandfashionlogistics.jpg?10000","ppImageTitle":"DP World Enters Retail and Fashion Logistics"},{"title":"DP WORLD ELEVATED TO PREMIER PARTNER OF FREMANTLE DOCKERS","link":"https://www.dpworld.com/news/dp-world-elevated-to-premier-partner-of-fremantle-dockers/","guid":"https://www.dpworld.com/news/dp-world-elevated-to-premier-partner-of-fremantle-dockers/","caseid":"655981","description":"

• DP WORLD ELEVATES PARTNERSHIP STATUS WITH FREMANTLE FOOTBALL CLUB FROM PLATINUM TO PREMIER PARTNER
• PARTNERSHIP BUILT ON SHARED VALUES OF INNOVATION, SUSTAINABILITY AND COMMUNITY WHILST FOSTERING MEANINGFUL CONNECTIONS WITH FANS
• DP WORLD SHIPPING CONTAINER CONVERTED TO SPECTATOR SHELTER FOR FREMANTLE FANS AS CLUB PROGRESSES WITH STATE-OF-THE-ART EXPANSION PROJECT

Perth, Western Australia, Thursday, 27th August 2024: DP World is proud to announce its elevation from Platinum Partner to Premier Partner of the Fremantle Football Club, a move that underscores the deepening relationship between the Fremantle Dockers and global logistics provider.

This strategic partnership extension, now running through to the end of 2026, further solidifies DP World’s position as a cornerstone partner for both the Fremantle AFL and AFLW teams. As a leader in end-to-end supply chain logistics with a global network spanning more than 350 business units across 75 countries, DP World’s longstanding presence at Fremantle Port plays a critical role in supporting the Australian economy.

DP World’s commitment to innovation and sustainability aligns with Fremantle Dockers' values, and this partnership continues to reflect our shared vision. DP World’s branding will continue to feature prominently on both AFLW and AFL shorts, with additional exposure on the top back of the guernsey for the women’s team in 2024 and the men’s team in 2025.

Simon Garlick, CEO, Fremantle Football Club, said: “DP World has been a pivotal part of our journey in recent years, and we are thrilled to elevate them to Premier Partner status. Their commitment to innovation and community mirrors our own, and together, we aim to push the boundaries of what is possible, both on and off the field. This partnership is a testament to our shared dedication to creating meaningful connections and fostering an inclusive environment for all our fans.”

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: “Becoming the Premier Partner of the Fremantle Dockers marks an exciting new chapter in our collaboration, one that will drive innovation and bring about positive change within the communities we serve. We are proud that the Fremantle Dockers share our vision for community engagement and innovation.”

DP World’s partnership with Fremantle is not merely about brand visibility; it is about shared values and a mutual commitment to enriching communities and driving innovation. The ‘Docker Spirit’—embodying hard work, resilience, and community connection—perfectly aligns with DP World's ethos of ‘Change What’s Possible.’

In support of Fremantle’s ongoing community efforts, DP World will contribute to the installation of a unique shipping container at Fremantle’s training base at Cockburn. This container will provide shelter and enhance the fan experience until the completion of the Club’s current expansion project. After its use at the training base, the shipping container will be repurposed for community initiatives, ensuring it continues to benefit Fremantle fans long into the future.

Nicolaj Noes, Executive Vice President for Oceania, DP World, said: “We’re proud to support initiatives that embody the ‘Docker Spirit,’ creating lasting positive impacts for the Fremantle community and reinforcing our commitment to making a difference where it matters most. This is the first of several exciting initiatives we have planned with the Fremantle team to help grow the game within Western Australia.”

Both DP World and Fremantle Football Club are deeply committed to community enrichment, and this extended partnership promises to bring further innovation, success, and positive change to the Fremantle community and beyond.

For more information, please visit Fremantle Football Club’s website: https://www.fremantlefc.com.au/

","pubDate":"Tue, 27 Aug 2024 11:51:07 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/553af6ec-2e05-4c1e-b588-61e8f092be1b/500_dpworld-ffc-announcement-alert.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/553af6ec-2e05-4c1e-b588-61e8f092be1b/500_dpworld-ffc-announcement-alert.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/553af6ec-2e05-4c1e-b588-61e8f092be1b/dpworld-ffc-announcement-alert.jpg?10000","ppImageTitle":"DPWORLD_FFC_ANNOUNCEMENT_ALERT"},{"title":"DP WORLD SETS NEW AMBITIOUS CARBON REDUCTION TARGET AS IT SECURES SBTI VALIDATION","link":"https://www.dpworld.com/news/dp-world-sets-new-ambitious-carbon-reduction-target-as-it-secures-sbti-validation/","guid":"https://www.dpworld.com/news/dp-world-sets-new-ambitious-carbon-reduction-target-as-it-secures-sbti-validation/","caseid":"655977","description":"

Validation marks vote of confidence in DP World’s plans to transform supply chains with a new and ambitious target to deliver 42% Scope 1 and 2 GHG emissions reduction by 2030

DP World is the first logistics company in the Middle East to achieve validation

DUBAI, United Arab Emirates, 27 August 2024 – DP World has secured validation from the Science Based Targets initiative (SBTi) for its ambitious commitment to reduce its carbon footprint.

The global trade and logistics firm commits to reduce scope 1 greenhouse gas (GHG) emissions 42% by 2030 from a 2022 base year*. DP World also commits to reduce scope 2 GHG emissions 62.2%, and reduce absolute scope 3 GHG emissions 28% within the same timeframe.

The SBTi is a world leading authority in advancing private sector progress to reduce GHG emissions, helping prevent the impacts of climate change. Its validation underscores the strength of DP World’s 'Our World, Our Future' sustainability strategy, recognising its progress-to-date and ambitious plans, which focus on slashing its own emissions and empowering its customers to meet their own Scope 3 reduction targets.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World said: \"DP World is committed to leading the supply chain industry towards a more sustainable and efficient future, and ultimately achieving net zero emissions by 2050. The SBTi’s validation confirms the strength and ambition of our plans as we remain committed to playing a pivotal role in uniting our industry for a better tomorrow.\"

DP World has made notable progress on its sustainability strategy in recent years, announcing a 13% reduction in emissions since the 2022 base year. Its new 42% reduction target and increased commitments on Scope 3 reductions build on the success to date.

Piotr Konopka, Group Vice President at DP World, Global Decarbonisation & Energy, said: “We are delighted to have achieved SBTi validation and we will continue to drive progress in a range of areas, including equipment electrification, renewable energy, efficiency, and low carbon fuels. Furthermore, we look forward to driving increased collaboration through industry-wide initiatives such as green trade corridors and portside electrification as seen with our Zero Emissions Port Alliance.”

DP World’s ambitious decarbonisation plans and achievements include, but are not limited to, the following:

· The Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition led by DP World in partnership with APM Terminals to accelerate progress towards zero emissions for container handling equipment (CHE) in ports.

· Entered a strategic partnership with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center) in 2022, whereby DP World committed to long-term strategic collaboration and contribution to the development of zero carbon technologies and solutions for the maritime industry.

· DP World’s membership of the World Economic Forum and the US Government-led First Movers Coalition, which aims to address the decarbonisation challenges of seven hard-to-abate sectors, including shipping.

· DP World’s work to advance fuel efficiency and alternative fuel adoption, as well as the introduction of new, more efficient vessels across its network, including an agreement for methanol-capable container feeder vessels in Europe by 2026, and the introduction of hybrid-electric Ro-Pax ferries in the UK.

· DP World has won a series of sustainability awards for its work, including the EKOenergy ecological label for the installation of the first photovoltaic plant in the deep-water port of Posorja, and two 2024 SEAL Awards for the use of waste for energy and its BOXBAY offer.

· As of 2023, 60% of DP World’s electricity consumption comes from renewable sources, with an aim to increase this to 70% by 2030 and 100% by 2040.

To find out more about DP World’s 'Our World, Our Future' sustainability strategy please visit www.dpworld.com/sustainability

* The target boundary includes land-related emissions and removals from bioenergy feedstocks.

","pubDate":"Tue, 27 Aug 2024 11:31:47 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/b6e76072-6c3f-4850-9baa-407970ba6ea9/500_dpworldsetsnewambitiouscarbonreductiontargetasitsecuressbtivalidation.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/b6e76072-6c3f-4850-9baa-407970ba6ea9/500_dpworldsetsnewambitiouscarbonreductiontargetasitsecuressbtivalidation.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/b6e76072-6c3f-4850-9baa-407970ba6ea9/dpworldsetsnewambitiouscarbonreductiontargetasitsecuressbtivalidation.jpg?10000","ppImageTitle":"DP WORLD SETS NEW AMBITIOUS CARBON REDUCTION TARGET AS IT SECURES SBTI VALIDATION"},{"title":"DP WORLD ANNOUNCES RESILIENT 1H2024 RESULTS","link":"https://www.dpworld.com/news/dp-world-announces-resilient-1h2024-results/","guid":"https://www.dpworld.com/news/dp-world-announces-resilient-1h2024-results/","caseid":"655041","description":"

Dubai, United Arab Emirates, 15 August 2024: DP World Limited today announces resilient financial results for the first six months to 30 June 2024. On a reported basis, revenue grew by 3.3% to $9,335 million while adjusted EBITDA³ decreased by 4.3% to $2,497 million with an adjusted EBITDA margin of 26.8%.

Results Highlights

Ø Revenue increased by 3.3% to $9,335 million

Revenue growth of 3.3% driven by Ports & Terminals.
Like-for-like gross container volumes growth of 6.1% driven by strong growth in Americas, Europe, Asia Pacific, and Jebel Ali.

Ø Adjusted EBITDA of $2,497 million

Adjusted EBITDA decreased slightly by 4.3% due to Red Sea disruption and organic investment in Logistics platform expansion.
EBITDA margin for the period stood at 26.8% (1H 2023: 28.9%).

Ø Cash generation remains robust, Balance sheet strong

Cash generated from operating activities stood at $2,091 million in 1H 2024 (compared to $2,134 million in 1H 2023).
Leverage (Net debt to adjusted EBITDA)[1] on a pre-IFRS16 basis stands at 3.8x (FY 2023: 3.7x). On a post-IFRS16 basis, net leverage stands at 4.2 times compared to 4.0 times in FY 2023.
DP World’s financial policy is to manage the balance sheet at below 4.0x Net Debt to EBITDA (pre IRFS 16) and to retain a strong investment grade rating.

Ø Selective investment in key growth markets

Capital expenditure of $994 million ($910 million in 1H 2023) was invested across the existing portfolio.
Capex split: $593 million Ports and Terminals, $278 million Logistics and Parks and Economic Zones, $122 million Marine Services and $1 million in Head Office.
Capital expenditure guidance for 2024 is for approximately $2.0 billion to be invested in the UAE including Drydocks World, London Gateway (United Kingdom), Inland logistics (India), Dakar (Senegal), East Java (Indonesia), Callao (Peru), Jeddah (Saudi Arabia), Dar Es Salam (Tanzania) and DP World Logistics (Africa) and Fraser Surrey Docks (Canada).

Ø DP World focused on driving revenue synergies and building long-term relationships with cargo owners

Enhanced freight forwarding platform that covers more than 90% of global trade to provide cargo owners with improved connectivity.
Logistics portfolio offers value-add capabilities in fast-growing markets and verticals.
Group is well-positioned to capitalise on the growing demand for customised solutions in the logistics industry.

Ø Committed to transition to net zero in line with UAE 2050 Initiative

Ø Resilient 1H 2024 performance, confident of delivering an improved EBITDA performance in 2H 2024

Relatively resilient 1H 2024 performance despite challenging geopolitical and macroeconomic headwinds.
Confident of delivering an improved second half adjusted EBITDA performance in 2024.
DP World remains positive on the medium to long-term outlook for global trade and is focused on delivering integrated supply chain solutions to cargo owners to drive sustainable returns.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, commented:

“We are pleased to report resilient results, with revenue increasing by 3.3% in the first half of the year, despite challenging macroeconomic conditions. The year 2024 has been marked by a deteriorating geopolitical environment and disruptions to global supply chains due to the Red Sea crisis. Nevertheless, our strategic emphasis on high-margin cargo, comprehensive end-to-end supply chain solutions, and stringent cost management have been crucial in achieving this financial performance.

In Logistics, our investments have been focused on organically expanding our freight forwarding platform, which now encompasses over 90% of global trade across more than 150 locations worldwide. Strategic investments in sectors poised for high growth allow us to provide value-added services, and we remain dedicated to continuously improving our logistics capabilities. This includes tackling supply chain inefficiencies and enhancing connectivity in key trade corridors to better support cargo owners.

In summary, our balance sheet remains strong, and our operations continue to produce substantial cash flow. This financial strength provides the flexibility to further invest in our current portfolio’s growth and to seize new investment opportunities as they emerge. While the near-term trading outlook remains uncertain due to macroeconomic and geopolitical headwinds, the resilient financial performance of the first half and the positive momentum as we enter the second half, positions us well to deliver stable full year adjusted EBITDA. We remain optimistic about the medium to long-term prospects of the industry and DP World’s ability to deliver sustainable returns consistently.”

","pubDate":"Thu, 15 Aug 2024 09:32:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/1c9ab6a7-72d7-401b-8b7e-0a381db4be99/500_jebelaliportdubai-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/1c9ab6a7-72d7-401b-8b7e-0a381db4be99/500_jebelaliportdubai-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/1c9ab6a7-72d7-401b-8b7e-0a381db4be99/jebelaliportdubai-2.jpg?10000","ppImageTitle":"Jebel Ali Port Dubai"},{"title":"DP WORLD SUPERCHARGES ASIA PACIFIC TRADE WITH NETWORK EXPANSION","link":"https://www.dpworld.com/news/dp-world-supercharges-asia-pacific-trade-with-network-expansion/","guid":"https://www.dpworld.com/news/dp-world-supercharges-asia-pacific-trade-with-network-expansion/","caseid":"653277","subtitle":"The expansion brings the number of DP World’s active trading offices globally to 161","description":"

DP World has inaugurated 51 new freight forwarding offices across Asia Pacific (APAC), to solidify its position as an end-to-end supply chain solutions provider to help businesses navigate the complexities of the world's fastest-growing logistics market. This brings the number of DP World’s active trading offices globally to 161.

The expanded network – focused on air and ocean freight -- is backed by DP World's unrivalled infrastructure from ports and terminals to warehouses, trucks, rail and vessels, allows businesses to streamline their supply chains.

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: “Global trade is in the midst of an unprecedented era of flux in the face of growing geopolitical and economic uncertainty. We have an opportunity to help businesses navigate increasingly complex supply chains, as they seek enhanced market access and streamlined but resilient logistics from factory floor to customer door. With our expanded regional freight forwarding network backed by decades of experience in managing ports and terminals, our customers can count on us to support them in achieving their growth ambitions.”

In addition to managing the flow of trade through its ports and terminals, DP World is now in a stronger position, to offer a more comprehensive suite of logistics services, and instil greater flexibility in meeting the unique needs of customers across various sectors. In cities where the company already operates a port or terminal facility, this expanded presence allows customers to tap into the existing network, for a more seamless flow of goods.

The full range of logistics services, include order and origin management, port handling and freight management for ocean and air, as well as at-destination services such as customs clearance and bonded warehousing services. The company also offers a variety of value-added services including embedded trade finance, commodity-specific services, cars in containers, transload and advanced hubs and more.

These services can all be accessed through a single digital window that is backed by an integrated Global Services Centre that centralises back-end processes and is manned by over 500 IT specialists. This advanced digital system allows customers to track their goods in real time and easily manage their cargo journey.

Expanded footprint capitalises on strong growth prospects in APAC

APAC presents the single largest opportunity for businesses to capitalise on, and DP World is poised to help them achieve that ambition as an end-to-end supply chain solutions provider. The region is the largest and fastest-growing in the world for outsourced logistics, and is projected to account for 40% of global revenues for contract logistics services by 2027. This year, it is also the fastest-growing region in the world in terms of both exports and imports – at over 5% growth each.

Beyond widening its APAC freight forwarding network, DP World has also been strengthening its capabilities in other areas of logistics across the region over the last few months. These include:
• The US$50 million investment to develop DP World Busan Logistics Centre in Busan New Port, which will offer comprehensive value-added logistics services and process nearly 80,000 TEUs per year by 2028.
• The acquisition of Savan Logistics, operator of Savannakhet dry port located in Laos’ first special economic zone at the heart of the East-West Economic Corridor linking markets across Indochina.
• The introduction of a daily rail service connecting Sydney’s Port Botany to Yennora Intermodal Terminal, providing cargo owners in New South Wales with a viable alternative to trucking, while enhancing connectivity, reducing transit times and creating cost efficiencies.

","pubDate":"Fri, 26 Jul 2024 14:35:17 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/2f576384-c0ef-486c-bfde-23fc7cba9d44/500_containership-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/2f576384-c0ef-486c-bfde-23fc7cba9d44/500_containership-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/2f576384-c0ef-486c-bfde-23fc7cba9d44/containership-2.jpg?10000","ppImageTitle":"Container ship"},{"title":"DP WORLD KICKS OFF CASHEW BOOM WITH RECORD EXPORTS FROM SENEGAL","link":"https://www.dpworld.com/news/dp-world-kicks-off-cashew-boom-with-record-exports-from-senegal-1/","guid":"https://www.dpworld.com/news/dp-world-kicks-off-cashew-boom-with-record-exports-from-senegal-1/","caseid":"652610","description":"

Mega-shipment of 2,000 tonnes of cashews arrived from Guinea Bissau at DP World’s Dakar terminal.

Some 180,000 tonnes of cashews were exported from Dakar in 2023, primarily to India and Vietnam.

Dakar, Senegal, 16 July 2024: DP World has marked the official start of Senegal’s cashew export season, welcoming the MV Diogue, a mega-shipment carrying 2,000 tonnes of cashews from neighbouring Guinea-Bissau.

West Africa is becoming one of the world’s leading exporters of cashew nuts, and, in Senegal, the nut sector is flourishing due to the country’s role as a key gateway for exports of this precious agricultural commodity. The cashew export season in the West African country started on 5th July.

Last year, some 180,000 tonnes of cashew nuts from Senegal and Guinea Bissau passed through the DP World Dakar terminal for international export, with the team helping local producers and exporters find international outlets for their products, thereby contributing to local development and prosperity. India and Vietnam were the primary destinations.

“The agricultural sector in Senegal and Guinea Bissau represents a significant proportion of economic activity in both countries, which need a stable supply chain that facilitates innovative, flexible and cost-effective solutions,” said Clarence Rodrigues, CEO of DP World Dakar.

As part of its commitment to supporting the cashew export season, DP World works with cashew traders by liaising with shipping lines, monitoring the cargo from its point of departure until it is loaded onto the regular lines, and handling the packaging, stuffing, and weighing operations for transport to its intended destination.

In recent years, DP World Dakar has collaborated with various shipping lines at the container terminal to ensure efficient and seamless export of cashews from Senegal and Guinea Bissau to countries across the world, including key markets in Asia.

“Through faster administrative processes and new storage solutions – such as loading cargo directly at the terminal – we are saving customers time and money. We enable cashew producers in Senegal and Guinea Bissau to have access to international markets,” said Rodrigues.

Over the past 16 years, DP World has invested over $300 million in modernising the Port of Dakar, transforming it from a facility that handled 265,000 TEUs annually in 2008 to a state-of-the-art terminal that handled 800,000 TEUs in total 2023 – positively impacting trade, economic expansion, and job creation.

DP World has significantly improved the availability of goods for communities across Senegal and beyond, reinforcing the Port of Dakar's status as one of the most efficient terminals in West Africa and a leading example of operational excellence on the African continent.

DP World is also investing US$1 billion in the ongoing construction of the Port of Ndayane (50km from Dakar), which will further enhance Senegal's trade position. This is the largest single private sector investment in the country’s history.

","pubDate":"Fri, 19 Jul 2024 10:20:05 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/08ebc6cc-157e-4074-bb9f-280ddcd2c59d/500_cashew04.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/08ebc6cc-157e-4074-bb9f-280ddcd2c59d/500_cashew04.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/08ebc6cc-157e-4074-bb9f-280ddcd2c59d/cashew04.jpg?10000","ppImageTitle":"Cashew 04"},{"title":"DP World and Evyap Group forge new logistics hub to boost Turkish trade","link":"https://www.dpworld.com/news/dp-world-and-evyap-group-forge-new-logistics-hub-to-boost-turkish-trade/","guid":"https://www.dpworld.com/news/dp-world-and-evyap-group-forge-new-logistics-hub-to-boost-turkish-trade/","caseid":"652604","description":"

DP World and Evyap Group have completed a strategic merger, bringing together the strengths of two major ports on the Marmara Sea to create a new international logistics hub that will elevate Türkiye's pivotal role in global trade.

The completion follows regulatory approval from the Turkish Competition Authority.

The newly formed entity, DP World Evyap, sees DP World assuming a 58% stake in Evyapport, while Evyap Group secures a 42% share of DP World Yarımca. The rebranding will introduce 'DP World Evyap Yarımca' and 'DP World Evyap Körfez' as the new names for these key maritime gateways.

DP World Evyap will help meet the increasing demand for sophisticated logistics in the region, boost Türkiye’s export and import volumes, open up the growth of new sectors and strengthen the country’s growing status as a major hub in international supply chains.

The merger will produce a combined 2088 metres of berthing space, and will allow more than one ultra-large container vessel simultaneously at both terminals. Total annual container handling capacity will also exceed 2 million TEUs, and the integrated operation expands to include project and heavy lift cargo services.

Moreover, DP World Evyap will have access to advanced road and rail links, and expedited turnaround times, powered by a team of over 900 logistics experts dedicated to optimising cargo journeys.

The synergy of DP World’s extensive experience in container handling, customs brokerage, and bonded warehouse services with Evyapport’s expertise in container, liquid bulk, and general cargo operations is poised to offer unparalleled service. This comprehensive suite of solutions, enhanced by cutting-edge digital technologies, positions DP World Evyap as a key player in the region's sophisticated logistics landscape, promising to boost Türkiye’s export and import volumes and catalyze the growth of new industries.

DP World Group Chairman and CEO, His Excellency Sultan Ahmed bin Sulayem, said: \"DP World’s vision is to lead global trade to a stronger, more efficient and sustainable future. Our strategic partnership with Evyapport advances this strategy in Türkiye; one of our most important markets. We’re delighted to bring enhanced end-to-end solutions to our customers and the many benefits in speed and efficiency of this union. We look forward to further developing the services of DP World Evyap.”

Kris Adams, CEO of DP World Türkiye, said: \"This is an exciting partnership that will bring significant economic benefits to Türkiye and the wider region. DP World Evyap’s combination of the respective strengths of our existing infrastructures will provide our customers with a powerful new service offering at the heart of this increasingly important region for global trade.”

Mehmed Evyap, founder and CEO of Evyap Holding, said: \"This partnership combines the global expertise of DP World and the local knowledge of Evyapport and strengthens our presence in the port sector as we expand our investments in this field. The new company will shorten operation times, increase service diversity and add value to our customers and Türkiye's trade with efficiencies achieved across the two partnership terminals.\"

- END -

","pubDate":"Fri, 19 Jul 2024 10:08:03 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/d11526e4-8237-49cf-a4d0-2a164b3398a4/500_04-dpworldevyap-yarimca.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/d11526e4-8237-49cf-a4d0-2a164b3398a4/500_04-dpworldevyap-yarimca.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/d11526e4-8237-49cf-a4d0-2a164b3398a4/04-dpworldevyap-yarimca.png?10000","ppImageTitle":"04_DPWorld Evyap_Yarimca"},{"title":"DP WORLD FOUNDATION DONATES DH15 MILLION TO HAMDAN BIN RASHID CANCER HOSPITAL","link":"https://www.dpworld.com/news/dp-world-foundation-donates-dh15-million-to-hamdan-bin-rashid-cancer-hospital/","guid":"https://www.dpworld.com/news/dp-world-foundation-donates-dh15-million-to-hamdan-bin-rashid-cancer-hospital/","caseid":"651050","summary":"

The contributions will support world-class facilities for better cancer care
The hospital, set to open in 2026, will feature 50 clinics, 60 infusion rooms, and 116 inpatient beds.

","description":"

Dubai, UAE, 03 July 2024: DP World Foundation has donated Dh15 million to Al Jalila Foundation to support the development of the Hamdan bin Rashid Cancer Hospital, highlighting its commitment to corporate social responsibility and community welfare.

The contribution is part of DP World Foundation's broader efforts to support vital healthcare services and improve access to quality healthcare for cancer patients.

The allocated funds will support the development of Dubai's first integrated cancer hospital, scheduled to open in 2026. The advanced healthcare facility, which is being established in collaboration with the Al Jalila Foundation, will feature 50 clinics, 30 research areas, 60 infusion rooms, and 116 inpatient beds spread across a sprawling 56,000-square-metre campus.

His Excellency Nasser Abdulla Al Neyadi, Chief Officer Group Security, Government Relations & Public Affairs (GRPA), and DP World Foundation, presented the contribution during a visit to the Al Jalila Foundation, including the Mohammed Bin Rashid Biomedical Research Centre, where he met with key healthcare officials and stakeholders.

HE Al Neyadi said: \"We are deeply committed to making a real difference in society, and this donation reflects our dedication to supporting healthcare institutions and ensuring that quality care is accessible to everyone. We are proud to contribute to such a respected institution leading the way in cancer care and research. Together, we aspire to foster a healthier future for all.\"

Dr. Amer Al Zarooni, CEO of the Al Jalila Foundation, said: \"We extend heartfelt gratitude to the DP World Foundation for their generous donation towards the Hamdan Bin Rashid Cancer Hospital. The collaboration exemplifies the transformative impact of partnerships in accelerating the delivery of critical healthcare services and further emphasises Dubai Health's commitment to improving the health and well-being of our community.

Together, with the support of our partners, we are steadfast in our dedication to transforming lives and ensuring better health for everyone.\"

The philanthropic arm of DP World, DP World Foundation is committed to promoting social responsibility and supporting those in need, regardless of nationality, race, or religion. Earlier this year, DP World Foundation contributed Dh 10 million to the Mothers' Endowment Campaign launched to support the education of millions around the world.

","pubDate":"Wed, 03 Jul 2024 09:01:17 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"PERUVIAN TRADE SET FOR BOOST AS DP WORLD COMPLETES $400M CALLAO PORT EXPANSION","link":"https://www.dpworld.com/news/peruvian-trade-set-for-boost-as-dp-world-completes-400m-callao-port-expansion/","guid":"https://www.dpworld.com/news/peruvian-trade-set-for-boost-as-dp-world-completes-400m-callao-port-expansion/","caseid":"637335","subtitle":"Expansion of the South Terminal at the Port of Callao increases container handling capacity by 80%, fostering growth and enhancing Peru’s global trade connectivity","description":"

LIMA, PERU | JUNE 21, 2024 – DP World has completed a major $400 million expansion project at the Port of Callao in Peru, boosting container handling capacity at the South Terminal by 80% and solidifying Callao’s position as the key gateway for global trade on the west coast of South America.

The Bicentennial Pier expansion project extends the pier from 650 meters to 1,050 meters, making Callao one of the few ports in South America capable of accommodating three vessels (or two mega-vessels) simultaneously.

The project increases handling capacity from 1.5 million TEUs (twenty-foot equivalent units) per year to 2.7 million TEUs, while the container yard space has also been expanded to a total of 40 hectares.

The project is a key part of DP World’s ambitions for Latin America, announced last month. Given its proximity to the capital, Lima and complementing the growth of nearby Jorge Chávez Airport, the development elevates the Port of Callao from an efficient port to a premier logistics hub for the entire region.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: \"The Bicentennial Pier project is a landmark achievement for us in Peru. Our $400 million investment represents our unwavering commitment to supporting region’s economic growth and solidifying Callao's position as a premier logistics hub, setting a new standard for sustainable port operations in South America. We are proud to contribute to a greener future for Peru and global trade.\"

Carlos Merino, CEO of DP World in Peru and Ecuador, said: “The completion of the Bicentennial Pier expansion marks a transformative moment for the Peruvian economy. The Port of Callao is the economic heart of Peru, handling over 90% of the country’s containerised cargo, with 60% of that cargo moving through the South Terminal. This expansion significantly enhances our capacity and operational efficiency. In conjunction with other DP World ports in the region, it solidifies our commitment to enhancing the connectivity and economic vitality of Peru and the entire region.”

Along with the pier extension and container handling, the project also adds state-of-the-art electric-powered equipment, including 15 electric cranes and 20 electric ITVs (internal transport vehicles). This makes it the first port terminal in the world to acquire a fleet of this magnitude.

Merino added: “This expansion is not just about increasing capacity; it's about setting a new standard for port infrastructure in South America. By integrating state-of-the-art electric-powered equipment and implementing sustainable practices, we are leading the way towards a greener and more efficient future for global trade.”

Additionally, the terminal now hosts the first electric charging station for trucks in Latin America. The 2-megawatt station will support DP World’s fleet of electric ITVs, reducing CO2 emissions by more than 2,000 tons per year and promoting a sustainable energy transition in the Peruvian market.

","pubDate":"Fri, 21 Jun 2024 11:12:49 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP WORLD TEES OFF GLOBAL AMBASSADORSHIP WITH TOMMY FLEETWOOD","link":"https://www.dpworld.com/news/dp-world-tees-off-global-ambassadorship-with-tommy-fleetwood/","guid":"https://www.dpworld.com/news/dp-world-tees-off-global-ambassadorship-with-tommy-fleetwood/","caseid":"636419","description":"

Dubai, UAE, 12^th June 2024: DP World, a leading provider of global smart supply chain solutions, has announced golfing superstar Tommy Fleetwood as its latest Global Ambassador. He joins cricketing royalty Sachin Tendulkar, who was announced as a DP World Global Ambassador late last year.

Fleetwood, currently ranked World Number 13, was a member of last year’s victorious European Ryder Cup team to become a two-time winner, he has amassed seven wins on the DP World Tour, and finished a career-high sixth in the FedEx Cup last year.

Fleetwood and DP World officially opened The DP World Golf Performance Centre at Jumeirah Golf Estates in Dubai in 2022, the region’s first-ever Tommy Fleetwood Academy. Appointing Fleetwood as a Global Ambassador perfectly aligns with DP World’s commitment to growing grassroots golf in the region and globally, encouraging everyone to learn to play the game of golf, something Fleetwood is extremely passionate about.

Daniel Van Otterdijk, DP World’s Group Chief Communications Officer, said: “We are thrilled that Tommy is now part of the DP World family as our new Global Ambassador. Appointing him was a natural next step, strengthening our already very strong partnership. The calibre of talent that Tommy represents aligns perfectly with our goal to further build our brand in the realm of sport, as he appeals to such a huge audience. We look forward to watching the magic he brings to the game week after week.”

Tommy Fleetwood said: \"It's an honour to grow my relationship with DP World as their Global Ambassador. Over the past two years, the work we have done together has made significant strides in the game we all love, and I'm excited for what lies ahead. DP World is a forward-thinking, innovative company that continues to invest in golf's development, and anyone who knows me knows how close growing the game is to my heart.”

The appointment of Fleetwood adds another asset to DP World’s expanding global sports portfolio. With a year-round calendar and a truly global footprint, golf is a sport that reflects the nature of its business. Through innovative, state-of-the-art technology and infrastructure, DP World delivers the ingredients that make golf possible, supporting grassroots initiatives and shaping the future of golf and trade for everyone.

","pubDate":"Thu, 13 Jun 2024 11:33:03 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP WORLD WINS FOUR FINANCE AND SUSTAINABILITY AWARDS","link":"https://www.dpworld.com/news/dp-world-wins-four-finance-and-sustainability-awards/","guid":"https://www.dpworld.com/news/dp-world-wins-four-finance-and-sustainability-awards/","caseid":"636095","summary":"

Trade and logistics leader scoops four awards at three separate finance ceremonies in recognition of its leadership in infrastructure development and innovation in financing

Loans above £750 million Award, Refinance Deal of the Year and Transport Deal of the Year titles awarded along with Corporate Bond Deal of the Year for its innovative Green Sukuk

","description":"

Dubai, UAE, 11 June 2024: DP World secured a series of prestigious finance awards in the last week, recognising its groundbreaking achievements in innovative infrastructure solutions and sustainable finance.

The global leader in supply chain solutions took home four awards form three separate events - the Loans above £750 million Award, Refinance Deal of the Year, Transport Deal of the Year and the Corporate Bond Deal of the Year for its 10-year Green Sukuk.

These accolades solidify DP World's position as a frontrunner in both conventional and Islamic finance, while showcasing its commitment to environmentally conscious business practices and impactful infrastructure projects that contribute to the development of the MENA region. The innovative loans allowed the firm to continue building world class infrastructure and providing solutions to cargo owners worldwide.

DP World's US$1.5 billion 10-year Green Sukuk, received the \"Corporate Bond Deal of the Year\" award at the Bonds, Loans & Sukuk Middle East Awards on 5 June, highlighting the strong investor demand for sustainable investment opportunities, with participation from local, regional, and international investors.

Listed on the Nasdaq Dubai and London Stock Exchange, the Green Sukuk supports DP World’s global decarbonisation efforts with proceeds earmarked for green projects across electrification, renewable energy, clean transportation and energy efficiency. Decarbonisation is a core focus for the firm, which has committed to net zero carbon by 2050.

Its $3.5 billion dual-tranche deal clinched the “Loans above £750 million Award” at the Association of Corporate Treasurers (ACT) Deals of the Year Awards. This innovative transaction combined conventional and Islamic tranches with a unique 7-year bullet repayment structure.

DP World also received two significant recognitions at the IJGlobal Awards: Jebel Ali was awarded the Refinance Deal of the Year for the Middle East and North Africa region, while the South Container Terminal at Jeddah Port was awarded Transport Deal of the Year.

DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: “These awards underscore DP World’s dedication to pioneering innovative financial solutions to global infrastructure challenges that prioritise environmental sustainability. The Green Sukuk award in particular is a testament to our leadership in sustainable finance, aligning our business with our global environmental goals. Furthermore, these pioneering efforts continues to reinforce Dubai’s stature as a premier financial hub.”

DP World Group Deputy CEO and CFO, Yuvraj Narayan, said: “This global recognition reflects the trust that the international financial community places in our ability to manage complex financial structures while promoting sustainable economic growth. These projects not only create long-term value for our stakeholders but also contribute significantly to the economies where we operate.”

","pubDate":"Tue, 11 Jun 2024 09:57:21 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/e33fda88-cba9-438f-a317-a510b3f500aa/500_image1.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/e33fda88-cba9-438f-a317-a510b3f500aa/500_image1.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/e33fda88-cba9-438f-a317-a510b3f500aa/image1.jpeg?10000","ppImageTitle":"Image 1"},{"title":"DP WORLD BRINGS THE BEYOND BOUNDARIES INITIATIVE TO USA TO SUPPORT THE GROWTH OF CRICKET","link":"https://www.dpworld.com/news/dp-world-brings-the-beyond--boundaries-initiative-to-usa-to--support-the-growth-of-cricket/","guid":"https://www.dpworld.com/news/dp-world-brings-the-beyond--boundaries-initiative-to-usa-to--support-the-growth-of-cricket/","caseid":"635973","summary":"

Smart logistics provider’s global grassroots campaign delivers kits and equipment via repurposed shipping containers to improve cricket access.
DP World is a Premier Partner of the ICC and looking to use supply chain solutions to leave a lasting legacy following USA’s first ICC World Cup.
DP World unveiled the eighth container of the initiative at the New York ICC Fan Park with Global Ambassador Sachin Tendulkar.
DP World has now delivered 2,000 kits to grassroots cricket, delivering on a kits-for-runs pledge made at the ICC Men’s Cricket World Cup 2023.

","description":"

New York City, USA, 9 June 2024: DP World’s Beyond Boundaries Initiative, aimed at empowering communities through improved access to cricket, arrived in North America for the first time yesterday. The smart logistics provider has now used its global network to deliver 2,000 kits to grassroots organisations across four countries on three continents via eight repurposed shipping containers.

At today’s launch event, held at the ICC Fan Park at North Oculus Plaza in lower Manhattan, DP World’s Global Ambassador and Indian cricket legend, Sachin Tendulkar, distributed kits to beneficiaries from the Public Schools Athletic League (PSAL) and the Commonwealth Cricket League, identified by the ICC as key groups promoting the game in New York. Hosted by his former international teammate Ravi Shastri, Tendulkar was joined by DP World Chief Communications Officer, Daniel van Otterdijk to discuss the importance of supporting the game’s grassroots.

Sachin Tendulkar said, “Cricket’s growing patronage across the globe is exciting. The ICC Men’s T20 World Cup in the USA will add a further impetus to the adoption and following in this part of the world. DP World’s Beyond Boundaries Initiative in New York, is perfectly timed in augmenting the ‘cricketing grassroots’ infrastructure and will help leave a lasting impact. Since we launched the initiative together in October last year, 2000 kits have been delivered across three continents, made possible by DP World’s network.”

Daniel van Otterdijk said, “We are delighted to bring our Beyond Boundaries Initiative to North America for the first time. With the United States co-hosting their first ICC World Cup, it felt like the perfect moment to work with our partners at the ICC to help build foundations at the grassroots level to help the game flourish for years to come. From delivering the pitches at the purpose-built © Copyright - DP World 2024 Nassau County ground, to providing this support for the Public Schools Athletic League and Commonwealth Cricket League, our smart solutions have made it possible to provide support for cricket in America at every level.”

This Men’s T20 World Cup marks the first ICC World Cup to be co-hosted by the United States and, as Premier Partner of the ICC, DP World has brought its initiative to the region to contribute to the legacy of the tournament. DP World will also be reviving its kits-for-runs pledge at the T20 World Cup. For every 100 runs scored by a team in each match, DP World will pledge to deliver 10 cricket kits to grassroots cricket via the Beyond Boundaries Initiative. This scheme will be showcased through in-stadia graphics and amplified across broadcast.

Nick Pinder, ICC Vice President of Sponsorships and Partnerships said, “The continued growth of the game was a key motivator for the ICC in bringing this Men’s T20 World Cup to the United States, and to have the support of DP World as a Premier Partner to ensure a continued legacy is very pleasing. The work DP World have done in supporting the grassroots game across the world is fantastic, with the Beyond Boundaries Initiative now having touched communities in the USA, South Africa, India and the UAE. We look forward to continuing to work closely with DP World on making our game more accessible to all.”

This latest launch, which follows similar roll-out in India, South Africa and Dubai, comes on the eve of the group stage match between India and Pakistan at Nassau County International Cricket Stadium in New York. Sunday’s match will be played on pitches delivered by DP World, who moved the turf grown in collaboration between The LandTek Group and Adelaide Oval Turf Solutions over 1,200 miles from Florida.

As with all the initiative’s containers to date, a local artist was commissioned to create a mural to adorn one side. New Yorker Andre Trenier captured the city’s iconic skyline in his design, whilst also paying tribute to Tendulkar.

","pubDate":"Mon, 10 Jun 2024 14:15:04 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/48fac6d8-0b01-45a6-8a32-d1ae28edb2e1/500_fullteamphoto.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/48fac6d8-0b01-45a6-8a32-d1ae28edb2e1/500_fullteamphoto.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/48fac6d8-0b01-45a6-8a32-d1ae28edb2e1/fullteamphoto.jpg?10000","ppImageTitle":"Full team photo","ppImageDescription":"DP World, the Global Logistics Partner of the ICC, hosts members of the Public School Athletic League during the unveiling of the Beyond Boundaries Initiative in New York on Saturday, June 8, 2024. Cricket icon and DP World Global Ambassador Sachin Tendulkar distributed cricket kits and equipment to each member in attendance, alongside former India Head Coach Ravi Shastri. (Jason DeCrow/AP Content Services for DP World)"},{"title":"DP World Announces Major Investments in Latin American Ports to Boost Capacity and Efficiency","link":"https://www.dpworld.com/news/dp-world-announces-major-investments-in-latin-american-ports-to-boost-capacity-and-efficiency/","guid":"https://www.dpworld.com/news/dp-world-announces-major-investments-in-latin-american-ports-to-boost-capacity-and-efficiency/","caseid":"635927","subtitle":"Strategic enhancements in Ecuador and Peru position ports as key gateways to global trade, driving economic growth and sustainability across the region.","description":"

DP World, a global leader in supply chain solutions, is making significant investments in its port terminals in Peru and Ecuador to enhance capacity and operational efficiency, reinforcing its strategic vision for Latin America and providing additional trade opportunities for its customers.

The expansions come amidst an increasingly complex global supply chain landscape, as leaders are seeking ways to mitigate risks and enhance resilience. Situated on the West Coast of South America, Peru and Ecuador are pivotal to DP World’s global strategy, serving as key gateways to international trade.

Carlos Merino, CEO of DP World in Peru and Ecuador, said: “DP World remains committed to creating resilient and efficient logistics solutions. Peru and Ecuador’s strategic locations provide reliable connections from the west coast of South America to major global markets. This substantial investment in port infrastructure and state-of-the-art equipment underscores DP World’s dedication to enhancing capacity, operability, and economic contributions in this vital region.”

The company is set to celebrate two major milestones in the next few months: the inauguration of the completed Bicentennial Pier expansion project at its operations in the Port of Callao in Peru, and the initiation of a berth expansion project at the Port of Posorja in Ecuador.

In Peru, the Bicentennial Pier expansion at DP World Callao will significantly increase the terminal's capacity by 80%, transforming it into a premier logistics hub on the west coast of South America. The $400 million project extends the pier to 1,050 meters, enabling it to accommodate up to three vessels simultaneously and increasing its annual capacity to 2.7 million TEUs (20-foot containers).

The expansion also includes state-of-the-art electric-powered equipment and the first electric charging station for trucks in Latin America, promoting sustainable logistics solutions.

DP World Callao handles 60% of the country’s containerized cargo, solidifying the port’s position as the economic heart of Peru. In addition, DP World operates the Port of Paita in northern Peru, enhancing the country’s connectivity to global markets.

In Ecuador, DP World is planning to expand its berth at the Port of Posorja to enhance capacity and operational efficiency. Earlier this year, the deepwater port received three key service routes from Maersk, strengthening its strategic role in connecting Latin America with global markets. The $140 million expansion will extend the port to 700 meters of berth space and integrate advanced port equipment to ensure that Posorja remains a competitive, secure, and sustainable public terminal.

DP World operates a Special Economic Zone located next to the port of Posorja, further bolstering the nation’s trade capabilities.

Merino added: “DP World’s investments in Latin America encompass private capital infusion, job creation, and social and environmental initiatives. These investments align with global market trends where clients demand efficient, safe, and sustainable ports and logistics solutions.”

The company’s investment extends to Chile as well, where DP World San Antonio is undergoing a pilot project to test the MoorMaster NxG, a mooring system that consists of automated vacuum pads that moor and release vessels within seconds. DP World San Antonio will be the first terminal in the Americas to utilize this system.

These strategic investments reflect DP World's commitment to advancing Latin America's role in global trade, enhancing regional connectivity, and fostering sustainable economic growth.

","pubDate":"Mon, 10 Jun 2024 10:17:02 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/766a83b1-02c8-40b6-af00-885f30e8c9b6/500_imageofbigvesselapproachingterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/766a83b1-02c8-40b6-af00-885f30e8c9b6/500_imageofbigvesselapproachingterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/766a83b1-02c8-40b6-af00-885f30e8c9b6/imageofbigvesselapproachingterminal.jpg?10000","ppImageTitle":"Image of big vessel approaching terminal"},{"title":"DP WORLD PROVIDES NEW FINISHED VEHICLE SOLUTION FOR ESSENTIAL MEXICO-UNITED STATES TRADE ROUTE","link":"https://www.dpworld.com/news/dp-world-provides-new-finished-vehicle-solution-for-essential-mexico-united-states-trade-route/","guid":"https://www.dpworld.com/news/dp-world-provides-new-finished-vehicle-solution-for-essential-mexico-united-states-trade-route/","caseid":"634837","summary":"

The new solution will offer a cost-effective, fast-transit, and sustainable option for OEMs manufacturing in Mexico facing the ro-ro and multilevel rail capacity crunch in North America

","description":"

Global end-to-end logistics services provider DP World has designed an industry-first solution based on using 53-foot intermodal containers with racking systems to transport finished vehicles by rail from Mexico to the United States and Canada.

From 1 June 2024, DP World will offer an industry-first, 53-foot intermodal container solution to transport cars via rail from Mexico to the United States and Canada. The service is based on loading finished vehicles into containers directly at the factories in Mexico or at designated stuffing yards close to the manufacturing hubs. The containers are then trucked to intermodal rail ramps and moved by rail to destinations like Los Angeles, Chicago, Detroit and Toronto.

At destination, the containers are trucked from the rail ramp to designated yards where the cars are unloaded and trucked to the dealerships. Door to door transits range from 8-14 days, depending on the route. It is estimated that the new service will enable an additional 30,000 finished vehicles to be transported between the trading partners in 2024.

Traditional 40-foot containers typically house a maximum of four cars, but the 53-foot-long containers can accommodate up to six vehicles, significantly enhancing efficiency whilst reducing costs for OEMs. Notably, DP World is the only logistics company currently providing the intermodal 53-foot container solution for finished vehicles.

In 2023, Mexico surpassed China to become the U.S.’s top trading partner, largely thanks to a burgeoning cross-border relationship based on Mexico’s growing manufacturing sector, particularly in automotive. This was bolstered by the 2020 United States-Mexico-Canada Agreement (USMCA).

DP World’s new ‘cars in containers’ innovation comes as the automotive logistics industry in North America continues to face challenges caused by ro-ro and multilevel railcar capacity shortages, which are fueling the need for alternative outbound solutions.

It is estimated that DP World’s new service will enable an additional 30,000 cars to be transported between the trading partners in 2024. Since the beginning of 2024, the company has already transported over 5,000 cars across the Mexico–U.S. border for American and Japanese based OEMs with manufacturing in Mexico.

Christoph Seitz, Global Vice President Finished Vehicles at DP World commented: “Our extensive experience shipping cars in containers worldwide, the large racking fleet we can deploy globally within weeks, and our expert teams and hyper focus on quality and service have enabled DP World to provide this unique solution in a challenging environment. Our initial volume shipments this year have proven concept that the 53-foot intermodal solution is a viable alternative during times when traditional capacity is tight, so we decided to officially offer the program to the wider market.”

","pubDate":"Thu, 30 May 2024 19:23:49 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/33af0537-175a-48bc-8f46-da88901a6131/500_image1-dpworldprovidesnewfinishedvehiclesolutionforessentialmexico-unitedstatestraderoute.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/33af0537-175a-48bc-8f46-da88901a6131/500_image1-dpworldprovidesnewfinishedvehiclesolutionforessentialmexico-unitedstatestraderoute.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/33af0537-175a-48bc-8f46-da88901a6131/image1-dpworldprovidesnewfinishedvehiclesolutionforessentialmexico-unitedstatestraderoute.jpg?10000","ppImageTitle":"IMAGE 1 - DP WORLD PROVIDES NEW FINISHED VEHICLE SOLUTION FOR ESSENTIAL MEXICO-UNITED STATES TRADE ROUTE"},{"title":"DP WORLD BECOMES ICC TOP TIER PARTNER TO DELIVER CRICKET AT EVERY LEVEL","link":"https://www.dpworld.com/news/dp-world-becomes-icc-top-tier-partner-to-deliver-cricket-at-every-level/","guid":"https://www.dpworld.com/news/dp-world-becomes-icc-top-tier-partner-to-deliver-cricket-at-every-level/","caseid":"634383","summary":"

· Smart logistics provider elevates to Premier Partner status ahead of ICC Men’s T20 World Cup.

· Move builds on original partnership announced in June 2023.

· DP World is providing smart logistics solutions at the upcoming ICC Men’s T20 World Cup, including the movement of pitches from Florida to New York venues.

","description":"

Dubai, UAE, 29 May 2024: DP World, a leading provider of global smart end-to-end supply chain logistics today announced the expansion of its partnership with the International Cricket Council (ICC).

DP World and the ICC have worked closely together since partnering in June 2023, helping to deliver cricket equipment at the grassroots level and provide smart logistics at pinnacle ICC events. DP World now moves into the Premier Partner tier of the ICC’s portfolio, re-affirming the brand’s long-term commitment and mission to growing the sport around the world.

This announcement comes as anticipation builds for the ICC Men’s T20 World Cup, where 55 matches will be held across nine host locations in the USA and West Indies from 1 - 29 June. There will be 16 group stage matches held in New York, Texas and Florida, marking the first time an ICC World Cup has been held in the United States.

DP World has already played an important role at this World Cup having provided specialist solutions to transport 10 grass pitches grown in Florida over 1,200 miles to the Nassau County International Cricket Stadium in New York and the nearby practice venue. The pitches were developed using the specialist techniques of Adelaide Oval Turf Solutions and nurtured by US-based turf experts LandTek Group.

A fleet of over 20 vehicles transported both match and practice pitches northward on a two-day journey. Each individual pitch was meticulously prepared for transit and wrapped in order to prevent degradation enroute to New York, DP World’s advanced logistics capabilities then ensured that that the pitches at Nassau County International Cricket Stadium were transported as efficiently and sustainably as possible.

Separately, DP World has also used its unique position of having operations across 74 nations, on six continents, to develop cricket at the grassroots level through the Beyond Boundaries Initiative, a mission to empower communities through the delivery of kits and equipment via repurposed shipping containers. The initiative was launched on the eve of the ICC Men’s Cricket World Cup 2023, with ten kits pledged for every 100 runs scored by a team in the tournament. Over 2,500 kits have already been pledged, with 1,750 kits delivered to thousands of aspiring cricketers across India, South Africa, and the UAE.

DP World’s initiative ties-in closely with the ICC’s mission to build better cricket systems and grow the game globally, and through the expanded partnership DP World will now work closely with the governing body on the development of its criiio programme that supports and celebrates the different ways in which cricket is played around the world.

DP World Chief Communications Officer, Daniel van Otterdijk said: “From the delivery of the World Cup pitches to New York, to our continued efforts to grow the game through our Beyond Boundaries initiative, DP World’s partnership with the International Cricket Council has seen us collaborate on empowering people across the world to enjoy the sport at every level. This summer’s ICC Men’s T20 World Cup sees the world’s most iconic players take to pitches transported by DP World’s specialist smart logistics expertise. It makes perfect sense, given all we have achieved to date, that we progress to being a Premier Partner as we continue to strive towards the growth of the game for people of all ages and backgrounds all around the world. With our operations there are no limits or boundaries to where cricket can go.”

ICC Chief Commercial Officer, Anurag Dahiya said: “DP World has been a highly supportive and active partner of the ICC, and we are very pleased with their upgrade to Premier Partner status, which highlights the significant value our partnerships bring to global brands. ICC partnerships are based on shared values, and DP World has consistently shown a strong commitment to growing the game at every level globally. The ICC is proud to continue our journey at the ICC Men’s T20 World Cup and beyond, confident that working with industry experts like DP World makes expanding cricket to new regions and audiences much easier.”

DP World will proudly deliver the match ball for each of the 55 games at this World Cup, as well as presenting the Trophy Tour that brings the silverware to the event. The partnership continues for the next four years and will include October’s ICC Women’s T20 World Cup in Bangladesh later this year.

","pubDate":"Wed, 29 May 2024 13:59:15 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9a6b47b3-4f48-4bc5-b7a4-3419aaa0458e/500_dpw-cr-t20-45announcegraphicspitch1x1-v3.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/9a6b47b3-4f48-4bc5-b7a4-3419aaa0458e/500_dpw-cr-t20-45announcegraphicspitch1x1-v3.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9a6b47b3-4f48-4bc5-b7a4-3419aaa0458e/dpw-cr-t20-45announcegraphicspitch1x1-v3.jpg?10000","ppImageTitle":"DPW_CR_T20_45 Announce Graphics Pitch 1x1_V3"},{"title":"DP WORLD AND MAWANI BREAK GROUND ON SAR900 MILLION LOGISTICS PARK AT JEDDAH ISLAMIC PORT","link":"https://www.dpworld.com/news/dp-world-and-mawani-break-ground-on-sar900-million-logistics-park-at-jeddah-islamic-port/","guid":"https://www.dpworld.com/news/dp-world-and-mawani-break-ground-on-sar900-million-logistics-park-at-jeddah-islamic-port/","caseid":"633983","description":"

DP World begins construction on 415,000 sq m logistics park —the biggest integrated logistics park in the Kingdom, designed with sustainability in mind
Cutting-edge infrastructure will include grade-A warehouse space with bonded and unbonded zones, as well as dry, chilled and cold storage facilities
Located alongside DP World’s South Container Terminal, the new facility adds to its SAR3 billion ($800 million) investment in port modernisation in Jeddah to provide unprecedented efficiency for trade

DP World and Saudi Ports Authority (Mawani) have commenced construction of a new SAR900 million ($250 million) logistics park at Jeddah Islamic Port, set to provide state-of-the-art storage and distribution facilities, as well as boost trade in the Kingdom of Saudi Arabia and the wider region.

The 415,000 sq m greenfield facility will feature 185,000 sq m of warehousing space and a sprawling multi-purpose storage yard, making it the largest integrated logistics park in the Kingdom. It will have the capacity for more than 390,000 pallet positions, offering customers an efficient platform for the seamless flow of goods to and from Jeddah.

Established in 2022 as part of a 30-year concession, Jeddah Logistics Park will be developed in two phases with a planned opening in Q2 2025. The facility will have a rooftop solar plant on the warehouse that will generate 20MW of renewable energy, contributing to its sustainable design.

The collaboration between Mawani and DP World also includes the management of the South Container Terminal through a separate 30-year concession signed in 2020. The terminal is currently in the final phase of a comprehensive modernisation project, scheduled for completion in Q4 2024, which will see the handling capacity being ramped up to five million twenty-foot equivalent units (TEUs).

Altogether, the two DP World projects represent a combined investment of close to 4 billion SAR ($1 billion).

Speaking at the event, His Excellency Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, said: “Saudi Arabia has always been a deeply important market for DP World and this milestone represents our ongoing commitment to the Kingdom. Jeddah Logistics Park, strategically located on the vital Asia-Europe shipping route, will provide world-class multimodal connectivity and market access for our customers while supporting the ambitious aims of Saudi Vision 2030. This investment marks a significant step as we mark 25 years of operations in Jeddah and underscores our enduring commitment to facilitating the flow of trade.”

President of Saudi Ports Authority (Mawani), Omar Bin Talal Hariri, said: “This new logistics area will be connected to DP World’s South Container Terminal at Jeddah Islamic Port, facilitating growth and increasing the number of containers handled at the terminal. The project is part of Mawani’s broader efforts to expand the number of logistics centres in Saudi ports, in partnership with major national and international companies, and in line with the objectives of the National Transport and Logistics Strategy and Vision 2030.”

Mohammad Alshaikh, DP World Country Head, KSA, delivered details on the comprehensive project to attendees at the groundbreaking, including the UAE Consul General to Jeddah, His Excellency Nasser Huwaiden Thaiban Ali AlKetbi, and senior Saudi government representatives and members of DP World’s leadership team.

Aligning closely with Saudi Vision 2030, Jeddah Logistics Park represents a major development for DP World at Jeddah Islamic Port. This state-of-the-art facility will optimise the logistics processes for both importers and exporters, providing an integrated platform for trade and logistics. Customers will be able to benefit from efficient services that link port operations to last-mile activities, as well as bonded and unbonded zones, world-class temperature-controlled storage, import and export consolidation centres and other value-added services.

The groundbreaking follows on the heels of the opening of freight forwarding offices in Dammam, Jeddah and Riyadh, expanding the logistics footprint of DP World and strengthening end-to-end supply chains in the Kingdom of Saudi Arabia and beyond.

","pubDate":"Sun, 26 May 2024 15:04:18 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/12ec91c6-9708-427e-9c74-44a50517ee6f/500_seniorleadersofdpworldandmawanibreakgroundona415000sqmlogistics.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/12ec91c6-9708-427e-9c74-44a50517ee6f/500_seniorleadersofdpworldandmawanibreakgroundona415000sqmlogistics.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/12ec91c6-9708-427e-9c74-44a50517ee6f/seniorleadersofdpworldandmawanibreakgroundona415000sqmlogistics.jpg?10000","ppImageTitle":"Senior leaders of DP World and Mawani break ground on a 415,000 sqm logistics"},{"title":"DP WORLD BOOSTS EUROPEAN TRADE WITH €130M INVESTMENT IN ROMANIA","link":"https://www.dpworld.com/news/dp-world-boosts-european-trade-with-130m-investment-in-romania/","guid":"https://www.dpworld.com/news/dp-world-boosts-european-trade-with-130m-investment-in-romania/","caseid":"631803","description":"

Cargo flows expected to increase by around two million tonnes per annum, boosting trade, economic growth and opportunity in Europe
Links between the Black, North and Adriatic seas with mainland Europe set to be transformed
Investments mark 20 years of DP World in Romania, with the business predicting it will become an increasingly important hub for European trade

Today, DP World opens three major new sites in Romania, providing a significant boost to the country’s growing status as a key hub of European trade and enabling economic growth throughout the region.

Constanta, the largest container port on the Black Sea, is now home to two new facilities following a €65 million investment: a 5-hectares ‘project' cargo terminal for heavy, large and complex cargo, and a new ‘roll-on, roll-off’ (RO-RO) terminal that will handle up to 80,000 vehicles per year at its peak. A further €50 million will be invested in a new multi-transport platform in Constanta that will open in 2025. DP World’s third new facility opening today is in Aiud, in the industrial heartland of Romania, which is now home to a new 8-hectares 'intermodal’ logistics hub connecting rail and road, following a €21 million investment.

The new facilities will improve the connectivity between DP World’s existing sea, rail, barge and truck services across Romania and will enhance the movement of goods between mainland Europe through to the Black, North and Adriatic Seas. DP World has invested over €250 million in Romania since 2004, including grants from the European Union.

The latest infrastructure projects were announced as DP World marks the 20th anniversary of its investment in Romania; the first European country in which it expanded. The business has since grown its operation considerably, contributing to the impressive growth of the port. During this 20-year period Romania has also developed rapidly and is now Eastern Europe’s second-largest economy after Poland.

DP World anticipates that its latest investments will encourage and enable major businesses to relocate or expand manufacturing facilities in the region. This so-called ‘nearshoring’ and ‘reshoring’ has become increasingly prevalent in Europe in recent years, spurred in part by the rise in geopolitical tensions.[1]

An example of nearshoring and reshoring can be seen in automotive manufacturing, which has increased rapidly in recent years in the region and is expected to grow further. Automotive already makes up 13% of Romanian GDP, with Mercedes-Benz, Renault-owned Dacia and Ford all manufacturing in the country. Automotive firms are also increasingly investing in neighbouring Hungary and Poland and nearby Turkey, making robust supply chains and logistics infrastructure such as the RO-RO terminal increasingly essential not just for Romania, but for the surrounding region[2].

Rashid Abdulla, CEO and Managing Director, DP World Europe, who started his career as Manager for Constanta in 2004: “Romania is a dynamic economy and well positioned to benefit from the rise in nearshoring and manufacturing. DP World looks forward to building on our long-standing relationship with Romania, and to deploying our latest investments to support Romania as it plays an increasingly important role in trade and economic growth in the region.”

Cosmin Carstea, CEO DP World Romania: “DP World’s latest investments in Romania will increase the cargo flows by around two million tonnes per annum through the country. We believe that with this investment, DP World in Constanta will significantly strengthen its position as one of the most important container and RO-RO hubs in Central and Eastern Europe. To aid this, we also plan to open a centre of excellence for services in the Balkans, to facilitate trade for the countries around Romania.”

Sorin Grindeanu, Minister of Transportation, Romania: “The Romanian government welcomes DP World’s latest investment in Romania’s logistics infrastructure. DP World has been a strong partner to Romania for twenty years. Constanta port has opened Romania to new markets and trading opportunities, provided stable and skilled jobs and catalysed the development of a whole host of adjacent businesses.”

DP World’s new facilities in Romania are the most recent in a series of new investments across Europe, as DP World seeks to increase capacity for customers looking for faster, more resilient supply chain solutions. Other investments across Europe in recent years have included port expansion programmes at six of its 11 major terminals across the continent, including at Antwerp (Belgium), Novi Sad (Serbia) and London Gateway (UK).

More broadly, DP World draws on its assets and substantial expertise to provide an end-to-end supply chain solution, offering its customers and their customers more integrated, sustainable, and resilient supply chain solutions.

- END -

[1] Demand for Europe factory space rises 29% amid ‘nearshoring’ rush, Financial Times, June 2023 and The rise of nearshoring FDI close to Europe, February 2024

[2] Mercedes begins works at EUR 135 mln e-vehicle engine factory in Romania, Romanian Insider, February 2023; Exclusive: China's Leapmotor to build EVs at Stellantis' Polish plant, sources say, Reuters, March 2024; Mercedes-Benz Vans plans first electric-only plant in Jawor, Reuters, December 2023; Chinese Tesla rival BYD to open its first European EV manufacturing plant in Hungary, Euronews, December 2023; Renault to invest over $430M to turn Türkiye into export hub, Daily Sabah, December 2023

","pubDate":"Wed, 15 May 2024 12:23:33 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/0a19ec12-6524-487e-abbb-9eb5aa585363/500_ro-roterminalatconstanta2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/0a19ec12-6524-487e-abbb-9eb5aa585363/500_ro-roterminalatconstanta2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/0a19ec12-6524-487e-abbb-9eb5aa585363/ro-roterminalatconstanta2.jpg?10000","ppImageTitle":"Ro-Ro terminal at Constanta 2"},{"title":"DP WORLD WINS TWO NEW SUSTAINABILITY AWARDS","link":"https://www.dpworld.com/news/dp-world-wins-two-new-sustainability-awards/","guid":"https://www.dpworld.com/news/dp-world-wins-two-new-sustainability-awards/","caseid":"631229","description":"

DP World has won two new awards at the 2024 SEAL Business Sustainability Awards which honours leadership, innovation, and commitment to sustainable business practices.

SEAL Sustainability Awards honorees ranged from well-recognized brands to high-growth start-ups and scale-ups. DP World’s first win – Environmental Initiative Award – was given to DP World Santos for its re-use of waste material for energy, which would otherwise be destined for a landfil site.

DP World was also honoured for its development of BOXBAY, a revolutionary automated, safe and environmentally friendly high-bay storage container system. The SEAL Sustainable Innovation Award recognises BOXBAY’s potential to transform the way containers are stacked, organised and moved, significantly reducing a terminal’s carbon emissions impact.

DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: \"We are honoured to receive the Environmental Initiatives Award and the Sustainable Innovation Award at this year's SEAL Awards. Winning the Environmental Initiatives Award for our work at DP World Santos in Brazil, where we've achieved the feat of reusing 100% of the waste generated at the port, underscores DP World's commitment to the responsible management of its waste through adopting circular economy principles and smart design. Additionally, being recognised with the SEAL Sustainable Innovation Award for our BOXBAY technology is a testament to our dedication to revolutionising container port logistics for greater efficiency and sustainability.\"

Since taking over operations at the Port of Santos in 2013, DP World has become Brazil’s leading multipurpose port operator, capable of simultaneously handling containers, cellulose, grains and fertilizers, with the capacity to handle 1.4 million TEUs and more than 5 million tonnes of cargo.

In 2022, it became the first port terminal in Brazil to minimise the amount of waste sent to landfills under its Aterro Zero project, which turns all non-recyclable waste generated on site into sustainable energy for existing industry activities.

Since then, waste such as cellulose and patio sweeping, toilet paper and organic materials have been transformed into fuel for cement kilns, using an energy reuse technology called CDRU.
DP World developed BOXBAY in a joint venture with German industrial engineering specialists SMS group, as a solution to some of the key challenges in container port logistics, combining increased efficiency with environmental targets.

Piloted in Dubai’s Jebel Ali Port, the massive steel structure like a bookshelf for containers. As well as reducing the required yard space by 60%, the system eliminates the unproductive reshuffling moves seen in conventional storage systems. And thanks to full automation, quayside trans-shipment speeds can be increased by up to 20%, while the use of solar power generated by photovoltaic panels on the roof of the storage system, and power regeneration when containers are lowered, also means it can run in a CO2-neutral way.

","pubDate":"Thu, 09 May 2024 11:57:19 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/3a19779b-1b34-418c-a71f-ccdbac1fda8e/500_aerialviewofcustomervesselsandcontaineryardatsantosport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/3a19779b-1b34-418c-a71f-ccdbac1fda8e/500_aerialviewofcustomervesselsandcontaineryardatsantosport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/3a19779b-1b34-418c-a71f-ccdbac1fda8e/aerialviewofcustomervesselsandcontaineryardatsantosport.jpg?10000","ppImageTitle":"Aerial view of customer vessels and container yard at Santos port"},{"title":"DP World Acquires Savan Logistics – Operator of Dry Port in Savannakhet","link":"https://www.dpworld.com/news/dp-world-acquires-savan-logistics--operator-of-dry-port-in-savannakhet/","guid":"https://www.dpworld.com/news/dp-world-acquires-savan-logistics--operator-of-dry-port-in-savannakhet/","caseid":"719188","summary":"

Savan Logistics has operated the dry port in Laos’ Savannakhet region since 2016
DP World will manage 140,456 sqm of land, including warehousing space, in Zone C of Savannakhet Special Economic Zone (SEZ), the first in the country

","description":"

Vientiane, Laos, 6 May 2024: DP World has completed the acquisition of Savan Logistics which operates the Savannakhet dry port in the Savannakhet Special Economic Zone (SEZ) in Laos, the first SEZ in the country. Savan Logistics has been operating the dry port since 2016.

Situated on the West end of the 1,450km-long East-West Economic Corridor – linking Laos, Cambodia, Myanmar, Thailand and Vietnam -- the 140,456 sqm dry port is utilised by key regional cargo owners and logistics companies to connect various supply chains along the corridor. It also boasts about 23,000 sqm of warehousing facilities, including a 11,000 sqm bonded area.

In addition to dry port and warehousing services, DP World will also manage cross-border transport, freight forwarding, and integrated logistics solutions.

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: “This is an important move for us to boost the connectivity of the region. The dry port is strategically located close to our existing portfolio of ports, terminals, and landside facilities along the East-West Economic Corridor, in Thailand and Vietnam. We will extend our expertise and resources to enhance the infrastructure of the dry port, capitalising on its geographical advantages to propel trade forward for our customers. Most importantly, we want to enhance the economic conditions of communities which rely on this vital trade corridor for their daily livelihoods.\"

According to the Asian Development Bank, Laos’ economy is expected to grow by about 4% in 2024, enabled by strategic partnerships and business-friendly policies forged by the government. The country’s chairmanship of the ASEAN summit is also expected to provide Laos with additional international exposure, promoting investment and spurring cross-border cooperation its neighbours.

This milestone development reinforces the commitment which DP World has, to propel trade in and for Asia Pacific by extending its footprint to strategic locations. In recent weeks, the company announced partnerships with Malaysia’s Sabah Ports Sdn. Bhd and Asian Terminals Inc (ATI) to manage Sapangar Bay Container Port in East Malaysia and Tanza Barge Terminal in the Philippines, respectively.

","pubDate":"Mon, 06 May 2024 07:50:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/e26cdfae-4923-4b85-9ecb-877f3a943e16/500_dpworldacquiressavanlogisticsndashoperatorofdryportinsavannakhet.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/e26cdfae-4923-4b85-9ecb-877f3a943e16/500_dpworldacquiressavanlogisticsndashoperatorofdryportinsavannakhet.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/e26cdfae-4923-4b85-9ecb-877f3a943e16/dpworldacquiressavanlogisticsndashoperatorofdryportinsavannakhet.jpg?10000","ppImageTitle":"DP World Acquires Savan Logistics – Operator of Dry Port in Savannakhet","ppImageDescription":"default"},{"title":"DP WORLD & ASIAN TERMINALS INC. UNVEIL THE PHILIPPINES' BIGGEST PASSENGER FACILITY AT BATANGAS PORT","link":"https://www.dpworld.com/news/dp-world--asian-terminals-inc-unveil-the-philippines-biggest-passenger-facility-at-batangas-port/","guid":"https://www.dpworld.com/news/dp-world--asian-terminals-inc-unveil-the-philippines-biggest-passenger-facility-at-batangas-port/","caseid":"629988","summary":"

Two-year, US$25 million project more than doubled the passenger handling capacity of the Batangas Passenger Terminal to 8 million a year.

Modernisation is part of a US$90 million investment in the Batangas Port and will position the Batangas Passenger Terminal as the country’s biggest and most modern passenger facility.

Revamp will be capped off by the opening of more commercial and F&B shops by Q3 this year.

","description":"

DP World and Asian Terminals Inc. (ATI) today celebrated the unveiling of the new Batangas Passenger Terminal, marking the completion of a two-year, US$25 million modernisation project that heralds a new era of safe, comfortable, and convenient travel for millions of Filipinos.

Located 110km from Manila, the Batangas Passenger Terminal serves as the country’s largest inter-island hub, connecting mainland Luzon to key island provinces and destinations in Visayas and Mindanao. The Batangas Port also hosts a container terminal primarily serving the Calabarzon region which is home to major economic zones and accounts for about 15% of Philippine GDP.
The modernisation initiative, officiated by His Excellency Ferdinand R. Marcos Jr., President of the Republic of the Philippines, has more than doubled the terminal's capacity, accommodating up to eight million passengers annually.

He was joined by dignitaries including His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World; Jaime Bautista, Secretary of the Department of Transportation; Jay Daniel Santiago, General Manager of Philippine Ports Authority; and Eusebio Tanco, President of ATI.

His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, expressed his optimism about the project’s transformative impact: “The Batangas Port – specifically, the passenger terminal – has become an integral part of daily lives of millions who pass through to get to school, work and home. This project is an additional boost to enhance overall passenger experience, and I’m heartened by the trust which our partners have placed in us to help realise our shared vision of transforming Batangas Port to a world-class terminal. We will also continue to invest in high-impact port development projects through ATI, our strategic partner in the Philippines, to reinforce the port’s role as a trading hub in the region.”

Eusebio Tanco, President, ATI, said: “The Batangas Port serves as an important linchpin in the Philippine nautical highway system, connecting people and goods to the rest of our archipelagic nation. With the completion of this modernisation project, we are heralding a new era of marine transportation, characterised by utmost comfort, safety, and convenience for travellers, on par with the world’s best. Through our partnership with DP World, we have successfully transformed the Batangas Port into the country’s biggest, busiest, and most modern domestic inter-island hub, ready to support greater domestic integration and play a bigger role in economic transformation.”

Jay Daniel R. Santiago, General Manager, Philippine Ports Authority, said: “Guided by our vision to cement the port’s role as a key asset for the movement of goods and people, we have, over the years, made strategic investments to modernise our container and passenger terminals. Leveraging DP World’s and ATI’s strategic partnership in operating world-class ports and terminals, we are confident that the Batangas Port will continue to grow in prominence to facilitate trade and tourism, as well as transform the lives of millions.”

Enhanced comfort and greater convenience for passengers

The modernised 15,000-sqm terminal boasts state-of-the-art facilities and amenities for the comfort and convenience of its passengers. Among the more distinct features are its tall-ceiling design, which gives the marine terminal the feel of an airport, along with centralised air-conditioning, energy-efficient LED lights, and comprehensive passenger services such as restaurants, shops, clean restrooms, and prayer rooms. The terminal also provides infrastructure, shuttle van services, and electric vehicles to ensure accessibility and convenience for passengers of all abilities.

The Batangas Passenger Terminal modernisation project represents DP World’s commitment to driving sustainable growth and development in the Philippines. In addition to commercial objectives, DP World and ATI have also been making a positive difference in the community through sustainability programs anchored on children, water and women. These include academic scholarships for underserved segments of society, watershed reforestation and mangrove plantation, Manila Bay rehabilitation, and women empowerment programs in partnership with government and non-governmental organisations.

DP World in the Philippines

DP World became the strategic foreign equity partner of ATI in 2006 and has contributed significantly to the modernisation of the Batangas Port as a fully integrated gateway.

Along with the passenger terminal, Batangas Port also has a state-of-the-art container terminal and the Philippines’ biggest car carrier terminal which accounts for around 80% of the country’s annual car importations. Both were upgraded in 2018 and 2019 respectively, part of a US$90 million investment programme with the Philippine Ports Authority to transform Batangas Port into a world-class and modern facility.

","pubDate":"Fri, 26 Apr 2024 13:01:53 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/1e8e454b-4ed7-46cc-91b3-30a060e81586/500_photo1-modernisedbatangaspassengerterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/1e8e454b-4ed7-46cc-91b3-30a060e81586/500_photo1-modernisedbatangaspassengerterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/1e8e454b-4ed7-46cc-91b3-30a060e81586/photo1-modernisedbatangaspassengerterminal.jpg?10000","ppImageTitle":"Photo 1 - Modernised Batangas Passenger Terminal"},{"title":"DP World and Asian Terminals Inc. launch new Tanza Barge Terminal in Cavite","link":"https://www.dpworld.com/news/dp-world-and-asian-terminals-inc-launch-new-tanza-barge-terminal-in-cavite/","guid":"https://www.dpworld.com/news/dp-world-and-asian-terminals-inc-launch-new-tanza-barge-terminal-in-cavite/","caseid":"629838","summary":"

New barge terminal will be operated by ATI-subsidiary Tanza Container Terminal Incorporated and will enable greater connectivity by sea within the Philippines

Starting with three weekly trips to and from the ATI-operated Manila South Harbor, the new facility will give customers an alternative option to move goods in and out of the Port of Manila

Tanza Barge Terminal will also help reduce road traffic in and around Metro Manila, by saving around 150,000 container truck trips annually

","description":"

Manila, Philippines, 25 April 2024: DP World and Asian Terminals Inc. (ATI) today announced the opening of Tanza Barge Terminal in Cavite to facilitate smoother and faster transport for goods and raw materials to and from the capital via sea barging.

Located within the newly designated MetroCas Industrial Estates Special Economic Zone, Tanza Barge Terminal is designed to handle almost 240,000 TEUs annually and will be managed by ATI-subsidiary Tanza Container Terminal Incorporated.

In the face of ongoing road congestion issues, Tanza Barge Terminal offers cargo owners a more efficient and sustainable alternative to trucking. With its container yard, causeway, berth, jetty, breakwater and deck facilities, the barge terminal is projected to save around 150,000 truck trips yearly.

Initially, three weekly trips will shuttle containers between Tanza Barge Terminal and Manila South Harbor (also operated by ATI), with each leg able to carry around 100 x 40ft laden containers each way, with plans for future expansion of services. The barge berth has two fixed harbor cranes, with the 4-hectare yard complemented by two reach stackers and four internal transfer vehicles.

The terminal is also registered as a Customs Facility and Warehouse under the Philippines’ Bureau of Customs.

Eusebio Tanco, President, ATI, said: “We are very pleased to offer an innovative and transformative trade solution for the Philippine supply chain. Through our partnership with DP World, Tanza Barge Terminal brings shipment faster and smarter to beneficial cargo owners, which in turn fast-tracks production cycles and on a bigger scale stimulates local economic activity, particularly in the industrial growth corridor of Cavite. This is a perfect complement to the government’s push for inclusive and sustainable growth anchored on trade facilitation and job generation initiatives in partnership with local and international stakeholders.”

Tereso Panga, Director General, Philippine Economic Zone Authority (PEZA) said: “The proclamation of MetroCas Industrial Estates as a special economic zone earlier this month was meant to catalyse sound and balanced development by generating jobs, exports and economic opportunities for its surrounding communities. The opening of Tanza Barge Terminal by DP World and ATI represents a vote of confidence in the new special economic zone, with an investment that will not only spur growth in the area but also bolster trade more widely around the Philippines. By establishing a direct sea link between Cavite and Manila, the new barge terminal offers a vital conduit for the efficient movement of goods, thereby boosting development within and beyond the export zone.”

Bienvenido Rubio, Commissioner, Bureau of Customs, said: “Tanza Barge Terminal’s accreditation as a Customs Facility and Warehouse is testament to its adherence to international best practices for the import and storage of finished goods and raw materials. With the launch of this new facility, DP World and ATI are elevating standards for cargo processing and warehousing in the Philippines, and we look forward to their continued efforts to smoothen trade operations and reduce logistical bottlenecks in Cavite and beyond.”

DP World in the Philippines

World became the strategic foreign equity partner of ATI in 2006. This partnership has resulted in the modernisation of the Batangas Port as a full integrated port gateway and the continued optimisation of operations at Manila South Harbor. The latest partnership in Cavite leverages DP World’s experience in building supply chain networks globally and ATI’s local port operations capabilities.

DP World and ATI have also been making a positive difference in the community through sustainability programs anchored on children, water and women. These include academic scholarships for underserved segments of society, watershed reforestation and mangrove plantation, Manila Bay rehabilitation, and women empowerment programs in partnership with government and non-governmental organisations.

","pubDate":"Thu, 25 Apr 2024 13:19:17 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/144d6f58-0a85-43c2-abfd-0300d25eca99/500_photo1-launchoftanzabargeterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/144d6f58-0a85-43c2-abfd-0300d25eca99/500_photo1-launchoftanzabargeterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/144d6f58-0a85-43c2-abfd-0300d25eca99/photo1-launchoftanzabargeterminal.jpg?10000","ppImageTitle":"Photo 1 - Launch of Tanza Barge Terminal"},{"title":"DP WORLD DELIVERS ITS GLOBAL BEYOND BOUNDARIES INITIATIVE TO AFRICA","link":"https://www.dpworld.com/news/dp-world-delivers-its-global-beyond-boundaries-initiative-to-africa/","guid":"https://www.dpworld.com/news/dp-world-delivers-its-global-beyond-boundaries-initiative-to-africa/","caseid":"629780","description":"

DP World, a global leader in smart end-to-end supply chain logistics, is proud to bring its Beyond Boundaries Initiative to the African continent for the first time. An event today at South Africa’s iconic DP World Wanderers Stadium, saw DP World unveil the fifth repurposed shipping container of the global initiative, accompanied by a donation of cricket kits for local youth.

The DP World Beyond Boundaries Initiative was launched with the help of the brand’s Global Ambassador and cricket legend Sachin Tendulkar ahead of the ICC Men’s Cricket World Cup in India last year, of which DP World was the Global Logistics partner. The initiative is a global mission to make cricket more accessible and empower communities around the world through the donation of cricket kit and equipment, as well as 50 repurposed containers that will serve the communities in which they will be placed.

Throughout the course of last year’s World Cup, DP World promised to deliver ten cricket kits for every 100 runs scored in the tournament, with over 2,500 pledged. An additional 250 cricket kits will be delivered via this container, 50 of which will be donated to Cricket South Africa and 200 to Lions Cricket, with over 1,000 kits delivered globally to date.

On the Initiative’s arrival in South Africa, Mohammed Akoojee, DP World’s CEO & MD for sub-Saharan Africa, said “South Africa is a great cricketing nation, having produced some of the most iconic cricketers to grace the sport. However, with the kit and equipment needed to play the game, it can be inaccessible and expensive. At DP World, we are honoured to be able to facilitate wider developmental level access to the sport, through this initiative, and go beyond boundaries to support the communities that need it most”.

Echoing Mr Akoojee’s sentiment, Ayabonga Khaka, right-arm seam bowler of the DP World Lions and Protea Womens Team, said “It is great to be here today to see DP World bring the Beyond Boundaries Initiative to Africa for the first time. I know that the donations made today will benefit young cricketers across South Africa and their communities. We may see a future Protea develop from DP World’s support today, and we look forward to seeing the wider impact as the initiative continues across Africa and the world in the coming years.”

The container unveiled today, which delivered cricket kits to children from Molalatladi Primary School in Soweto and MC Weiller School in Alexandra, will remain at the DP World Wanderers Stadium to act as a donation bank that will drive continuous upliftment for communities in need. Overseen by the logistics provider’s partners and Stadium residents, the DP World Lions, the container will be used as a collection hub for second-hand sporting equipment, back-to-school essentials and hygiene products, to name but a few.

Jono Leaf-Wright, Lions Cricket CEO said “The donation of this repurposed container will provide us with a collection hub from which we can launch and grow our community initiatives like the collection of cricket kits, non-perishable foods, car seats for kids and shoe drives, to name but a handful of the CSI activities that we action as the DP World Lions and DP World Wanderers. We are most grateful to be part of this global programme and would like to thank DP World for their on-going commitment to us and the broader cricket community we serve”.

This week represents a significant week for the initiative, with a further activation taking place in Delhi, India in the coming week. The Initiative will continue to expand its global footprint as June’s ICC Men’s T20 World Cup, which will be held in the USA and West Indies, approaches.

","pubDate":"Thu, 25 Apr 2024 08:45:13 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/d7168e85-8bba-451c-bbaa-e7ed6b2bd448/500_bbisouthafrica22.04.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/d7168e85-8bba-451c-bbaa-e7ed6b2bd448/500_bbisouthafrica22.04.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/d7168e85-8bba-451c-bbaa-e7ed6b2bd448/bbisouthafrica22.04.png?10000","ppImageTitle":"BBI South Africa 22.04"},{"title":"DP WORLD AND SABAH PORTS TO BOLSTER HANDLING CAPACITY AT SAPANGAR BAY CONTAINER PORT IN EAST MALAYSIA","link":"https://www.dpworld.com/news/dp-world-and-sabah-ports-to-bolster-handling-capacity-at-sapangar-bay-container-port-in-east-malaysia/","guid":"https://www.dpworld.com/news/dp-world-and-sabah-ports-to-bolster-handling-capacity-at-sapangar-bay-container-port-in-east-malaysia/","caseid":"629682","subtitle":"The partnership will more than double Sapangar Bay Container Port’s handling capacity and establish Sabah as a trade hub for economies in the East ASEAN Growth Area.","description":"

Sabah, Malaysia, 24 April 2024: DP World and Malaysia’s Sabah Ports Sdn. Bhd today established a partnership to manage Sapangar Bay Container Port (SBCP) to cement SBCP’s position as the premier regional trade hub for the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA)1.

Sabah Ports Sdn. Bhd is a wholly owned subsidiary of Malaysian public listed investment holding company, Suria Capital Holdings Bhd.

The agreement was signed by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World and Datuk Ng Kiat Min, Managing Director for Sabah Ports Sdn. Bhd.

With this partnership, DP World will support efforts currently underway to increase SBCP’s container handling capacity from 500,000 TEUs to 1.25 million TEUs by 20252. Investments will also be made to optimise terminal workflows, accelerate digitalisation for greater operational efficiency and to increase the port’s connectivity.

Datuk Ng Kiat Min, Managing Director for Sabah Ports Sdn. Bhd., said, “Sapangar Bay Container Port is an important driver of development in Sabah. As we consider the future of SBCP, we are pleased to have onboard a partner like DP World who will lend their global expertise in managing ports and building supply chain networks to help optimise SBCP’s operations, which in turn will catalyse increased trade through Sabah and benefit communities and businesses around the state.”

“The synergy with DP World can potentially address the challenges of high logistics cost faced in Sabah, through the establishment of a strong shipping network and expansion of cargo base. The venture is expected to not only impact Sabah’s shipping and logistics industry but will also lead to economic growth in view of market confidence, thus attracting economic investments and infrastructural upgrades in transport, logistics and along the supply chain,” she continued.

This is a new milestone in the long-term collaboration between DP World and Sabah Ports. In 2019, the two parties signed an agreement to jointly develop solutions to enhance SBCP’s competitiveness and drive cargo creation in Sabah’s hinterlands. In the long run, the vision of the collaboration is to improve landside and seaside connectivity throughout Sabah, reduce transit costs and time, and raise performance standards across the state’s entire supply chain.

Sabah has huge potential as a destination for business and industrial development. Within just a 5-day sail-time radius from the state is an area home to more than 2.2 billion people and accounting for over 40% of global manufacturing output. Sabah is also rich in natural resources, such as timber and oil. Its fisheries sector holds particular importance and was the second largest contributor to Sabah’s GDP in 20223. With projected enhancements to SBCP’s cold chain storage and transport capabilities, such agricultural products can be more seamlessly processed and exported to international markets, thereby opening new avenues for growth.

","pubDate":"Wed, 24 Apr 2024 14:36:29 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/c0f7529e-6f72-4b22-9500-414c4b38d138/500_dsc-0310.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/c0f7529e-6f72-4b22-9500-414c4b38d138/500_dsc-0310.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/c0f7529e-6f72-4b22-9500-414c4b38d138/dsc-0310.jpg?10000","ppImageTitle":"DSC_0310"},{"title":"DP WORLD PAVES THE WAY FOR TRANSPARENT SUSTAINABLE INFRASTRUCTURE DEVELOPMENT","link":"https://www.dpworld.com/news/dp-world-paves-the-way-for-transparent-sustainable-infrastructure-development/","guid":"https://www.dpworld.com/news/dp-world-paves-the-way-for-transparent-sustainable-infrastructure-development/","caseid":"629277","subtitle":"DP World is the first company globally to commit to and publish a Sustainable Development Impact Disclosure (SDID)","description":"

DP World has published a Sustainable Development Impact Disclosure (SDID), making it the first company globally to adopt and disclose on its development impact in countries of focus in accordance with the recently released impact disclosure guidance from the Impact Disclosure Taskforce.

DP World invites industry participants and practitioners to share their feedback during a four-month public consultation period, from 18 April to 1 September, to shape and refine the guidance.

The disclosure serves as a framework for private sector companies and sovereigns, to demonstrate how they drive transformation through large-scale infrastructure development into emerging markets and developing economies.

Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO said: \"I am immensely proud to announce the publication of our new Sustainable Development Impact Disclosure, which embodies our commitment to changing what’s possible through infrastructure development. This disclosure not only demonstrates our commitment to sustainable development but also sets a path for industry-wide accountability. It's a call to action, to catalyse positive change and drive sustainable infrastructure development on a global scale.”

The SDID, which was developed in line with recent disclosure guidance from the Impact Disclosure Taskforce – led by JP Morgan Development Finance Institution and Natixis - uses impact measurement and monitoring to assess the impact of investments in advancing the UN’s Sustainable Development Goals and closing existing development gaps. It fosters transparency and accountability and genuine commitment to sustainable development, while empowering global capital markets to make informed financing decisions based on reliable, publicly disclosed information.

By leveraging existing best practices and resources, a five-step process has been defined to measure and disclose the impacts of business strategies or national development plans.

The SDID is characterised by being entity-level, impact-oriented, forward-looking and context- specific.

DP World and the Taskforce welcomes feedback on the SDID and invites the industry to contribute their insights to further enhance the effectiveness of the guidance. Experts and relevant stakeholders are encouraged to provide feedback by visiting www.orrick.com/IDTfeedback by September 1st, 2024.

Arsalan Mahtafar, Co-Chair of the Impact Disclosure Taskforce and Head of J.P. Morgan’s Development Finance Institution: “By publishing its Sustainable Development Impact Disclosure, DP World demonstrates that it intends to manage its business to achieve both financial returns and development impact. I commend DP World for its commitment to promote sustainable and inclusive economic growth in places where it’s needed most to meet our global goals.”

Cedric Merle, Co-Chair of the Impact Disclosure Taskforce and Head of the Center of Expertise and Innovation within Natixis Corporate & Investment Banking’s Green and Sustainable Hub: “Natixis is pleased to have worked with DP World and JP Morgan in the first Sustainable Development Impact Disclosure. Testing the Sustainable Development Impact Disclosure Guidance will be instrumental to ensure it is delivering the information needed to meet specific SDG-related needs and expectations of investors and lenders. We hope that others will follow DP World’s example in disclosing not only their commitments, but action to foster sustainable development in emerging markets”

","pubDate":"Mon, 22 Apr 2024 07:29:03 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/34ac5c12-d70e-476f-9464-81d41c4c61e0/500_safetyonport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/34ac5c12-d70e-476f-9464-81d41c4c61e0/500_safetyonport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/34ac5c12-d70e-476f-9464-81d41c4c61e0/safetyonport.jpg?10000","ppImageTitle":"Safety On Port"},{"title":"DP WORLD & RUMO TO BUILD NEW GRAIN AND FERTILIZER TERMINAL AT BRAZIL’S SANTOS","link":"https://www.dpworld.com/news/dp-world--rumo-to-build-new-grain-and-fertilizer-terminal-at-brazils-santos/","guid":"https://www.dpworld.com/news/dp-world--rumo-to-build-new-grain-and-fertilizer-terminal-at-brazils-santos/","caseid":"626620","description":"

DP World has joined forces with Brazilian railway operator Rumo to build a new terminal at the Port of Santos, to handle 12.5 million tonnes a year of grains and fertilizers, positioning the port as Brazil’s primary trade gateway and a key hub for South America.

Rumo estimates the total investment for the construction of this state-of-the-art facility at BRL 2.5 billion (US$500 million), which will be financed through a combination of Rumo's resources, loans, and potential strategic partnerships.

This is in addition to recent investments in DP World container handling facilities increasing capacity from 1.2 million TEUs to 1.4 million TEUs, while expanding the size of the quay from 1,100 metres to 1,300 metres.

Once complete the new terminal will handle 9 million tonnes of grains and 3.5 million tonnes of fertilizers a year. With construction expected to take 30 months, all other services including container handling at Santos will continue, with no impact to container handling operations.

Under the 30-year agreement, DP World will provide the terminal area located on the left bank of Brazil’s Port of Santos to Rumo and assume responsibility for operations and port services. The port is one of the largest and most modern private multi-purpose port terminals in the country. The collaboration solidifies DP World's position as the country's leading multipurpose port operator, capable of simultaneously handling containers, cellulose, grains and fertilizers.

The new terminal marks DP World’s fourth round of investment since operations began in Brazil in 2013. It comes at a crucial time with the port achieving record cargo movements in January, handling 11.9 million tonnes of cargo. Bulk solids, such as sugar and soy, accounted for 5 million tonnes, up 13.9% compared to the same period in 2023, according to the Port of Santos.

Commenting on the agreement, Fabio Siccherino, CEO of DP World Santos, said: \"We are thrilled to partner with Rumo on this transformative project, which underscores our commitment to driving growth and innovation in Brazil's logistics sector. This new terminal will not only bolster trade capabilities but also create long-term value for our customers and stakeholders.\"

In line with DP World's global decarbonisation strategy, the new terminal will be equiped with 21 new pieces of equipment, featuring advanced technology to reduce consumption and emissions of polluting gases. DP World began the process of electrifying its Rubber-Tired Gantry Cranes (RTGs) at the Port of Santos in 2023.

DP World already invested US$35 million in 2023 to expand and modernise its facilities at the Port of Santos. The terminal currently inhabits 845,000 square metres, with an additional 130,000 square metres available for expansion.

","pubDate":"Wed, 03 Apr 2024 13:23:40 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/84f32b36-d33f-43ea-8cf8-c1faab2db213/500_dpworldportterminalinsantos.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/84f32b36-d33f-43ea-8cf8-c1faab2db213/500_dpworldportterminalinsantos.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/84f32b36-d33f-43ea-8cf8-c1faab2db213/dpworldportterminalinsantos.jpg?10000","ppImageTitle":"DP World port terminal in Santos"},{"title":"DP World Accelerates Growth in South Korea with US$ 50 Million Investment in Busan New Port","link":"https://www.dpworld.com/news/dp-world-accelerates-growth-in-south-korea-with-us-50-million-investment-in-busan-new-port/","guid":"https://www.dpworld.com/news/dp-world-accelerates-growth-in-south-korea-with-us-50-million-investment-in-busan-new-port/","caseid":"719186","subtitle":"DP World Busan Logistics Centre will bolster the Busan-Jinhae Free Economic Zone’s ambitions of becoming a hub for international business and logistics","description":"

Busan, South Korea, 15 March 2024: DP World has announced a US$50 million (approximately ₩66 billion) investment to develop a new logistics centre in Busan New Port, strengthening the port’s position as a logistics hub for Northeast Asia and reinforcing the global standing of the wider Busan-Jinhae Free Economic Zone (BJFEZ) in business and logistics.

Construction of the facility in the 75,000-sqm land is set to commence at the end of 2024, with operations expected to start by the second quarter of 2026. The DP World Busan Logistics Centre (BLC) will have capacity to process nearly 80,000 TEUs of cargo per year by 2028 and offer comprehensive value-added logistics services such as assembly, processing, and packaging to local and regional customers.

Glen Hilton, CEO & Managing Director, Asia Pacific, DP World, said: “With this major investment, DP World will be able to combine our strong freight handling and multimodal transportation capabilities with new warehousing and logistics solutions to provide customers in South Korea a more seamless end-to-end supply chain offering. The DP World Busan Logistics Centre will cement Busan New Port’s position as a key supply chain hub for Asia Pacific, and thus empower local and international businesses to seize the expanding opportunity in intra-Asia trade.”

Leveraging South Korea’s manufacturing prowess and the BJFEZ’s central position in the country’s advanced manufacturing sector, the BLC plans to specialise in exports of completed automobiles, automotive parts and materials, fishery equipment, machinery and other key Korean industry outputs.

BJFEZ is the third-largest free economic zone in South Korea, with 700 million people living within a 1,200km radius. A gateway to Eurasia and the Pacific, the economic zone is developing a mega ‘Logistics Tri-Port’, which will span sea, air and land ports including Busan New Port, the forthcoming Jinhae New Port, the forthcoming Gadeok International Airport and the Busan New Port Freight Station with rail connections to parts of Eurasia.

Integrating new logistics centre into DP World’s South Korean operations

DP World already has significant presence in South Korea. Through its subsidiary, Pusan Newport Company (PNC), it operates the largest terminal in the Port of Busan, the world’s second busiest transhipment port and one of the highest performing ports in Asia. In 2020, DP World also acquired a majority stake in UNICO Logistics, a Korean multimodal transport and rail specialist with a large footprint in East Asia, Central Asia and Russia.

As part of the US$50 million investment, DP World will integrate operations of the new BLC with freight handling solutions from PNC and UNICO Logistics’ transcontinental rail freight services.

Beyond its commercial activities, DP World also engages local communities by hosting groundbreaking sport events. Later this year, DP World Tour will make a stop in South Korea as part of efforts to help cultivate love of golf for the growing fanbase in the country.

","pubDate":"Fri, 15 Mar 2024 06:42:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9d49f65b-a7a1-46c0-bcd7-3d009547de2a/500_dpworldacceleratesgrowthinsouthkoreawithus$50millioninvestmentinbusannewport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/9d49f65b-a7a1-46c0-bcd7-3d009547de2a/500_dpworldacceleratesgrowthinsouthkoreawithus$50millioninvestmentinbusannewport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9d49f65b-a7a1-46c0-bcd7-3d009547de2a/dpworldacceleratesgrowthinsouthkoreawithus$50millioninvestmentinbusannewport.jpg?10000","ppImageTitle":"DP World Accelerates Growth in South Korea with US$ 50 Million Investment in Busan New Port"},{"title":"DP WORLD ANNOUNCES RESILIENT FY2023 RESULTS WITH STABLE ADJUSTED EBITDA at $5.1 BILLION","link":"https://www.dpworld.com/news/dp-world-announces-resilient-fy2023-results-with-stable-adjusted-ebitda-at-51-billion/","guid":"https://www.dpworld.com/news/dp-world-announces-resilient-fy2023-results-with-stable-adjusted-ebitda-at-51-billion/","caseid":"623923","description":"

DP World Limited has announced resilient financial results for the year ended 31 December 2023. On a reported basis, revenue grew by 6.6% to $18,250 million and adjusted EBITDA³ rose by 1.9% to $5,108 million with a healthy adjusted EBITDA margin of 28.0%.

Results Highlights
Revenue growth of 6.6% was supported by Drydocks World (+$0.4 billion) and full year consolidation benefit of Imperial Logistics acquisition (+$0.9 billion) with like-for-like growth driven mainly from our Ports & Terminals and Logistics business.
Adjusted EBITDA increased by 1.9% to $5,108 million
Adjusted EBITDA grew 1.9% and EBITDA margin for the year stood at 28.0%. Like-for-like adjusted EBITDA margin stood at 28.9%.
Profit for the year decreased by 17.7% to $1,514 million mainly due to higher finance costs.

Robust cash generation
Cash generated from operating activities increased by 2.9% to $4,579 million in 2023 ($4,451 million in 2022).
Leverage (Net debt to adjusted EBITDA) on a pre-IFRS16 basis increased to 3.5x (FY2022: 2.7x) due to higher net debt. On a post-IFRS16 basis, net leverage stands at 3.8x (FY2022: 3.0x).
DP World’s financial policy remains unchanged -- to manage the balance sheet at below 4.0x Net Debt to EBITDA (pre IRFS 16) and to retain a strong investment grade rating.

Selective investment in key strategic growth markets
Capital expenditure of $2,112 million ($1,715 million in 2022) was invested across the existing portfolio.
Capital expenditure budget for 2024 is approximately $2.0 billion to be invested mainly in Jebel Ali (UAE), London Gateway (United Kingdom), Inland logistics (India), Dakar (Senegal), East Java (Indonesia), Callao (Peru) and Jeddah (Saudi Arabia).

DP World focused on driving revenue synergies and building long-term relationships with cargo owners
Enhanced logistics portfolio offers value-add capabilities in fast-growing markets and verticals.
DP World aims to deliver supply chain solutions to cargo owners by leveraging its best-in-class infrastructure.
Group is well-positioned to capitalize on the growing demand for customised solutions in the logistics industry.

Committed to transition to net zero in line with UAE 2050 Initiative
13% decarbonisation in Scope 1 and Scope 2 carbon emissions
Committed to investing more than $500 million to reduce CO2 emissions in the next 5 years.

Resilient 2023 Performance, Outlook Remains Uncertain
 Solid 2023 performance but outlook remains uncertain due to heightened geopolitical and macroeconomic headwinds.
 DP World remains positive on the medium to long-term outlook for global trade and is focused on delivering integrated supply chain solutions to cargo owners to drive sustainable returns.

Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO, said: \"We are pleased to report stable results, with adjusted EBITDA increasing by 1.9% to $5.1 billion. This achievement is particularly noteworthy considering the significant challenges posed by a deteriorating geopolitical landscape and challenging macroeconomic conditions. Our strategic focus on high-margin cargo, end-to-end integrated supply chain solutions, and diligent cost optimization have played a pivotal role in securing these results. Not only has this strategy proven effective during these testing times, but it also lays a solid foundation for our sustainable long-term growth and returns.

Our Logistics businesses have demonstrated resilience in this demanding economic landscape, attracting a growing number of cargo owners to our platform. The positive feedback for our end-to-end products underscores the value of our customised solutions, empowering cargo owners to conduct trade more efficiently. Strategic investments in high-growth sectors enable us to offer value-added solutions, and we remain committed to continually enhancing our logistics platform. This includes addressing supply chain inefficiencies and improving connectivity in critical trade lanes to better serve cargo owners.

Overall, we delivered a steady performance in 2023, and despite the uncertain start to 2024 with the ongoing Red Sea crisis, our portfolio has continued to demonstrate resilience. The outlook remains uncertain due to the challenging geopolitical and economic environment. Nevertheless, we anticipate our portfolio will sustain robust performance, and we maintain a positive outlook on the medium to long-term fundamentals of the industry and DP World’s capacity to deliver sustainable returns consistently.\"

","pubDate":"Thu, 14 Mar 2024 08:59:12 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/95c67844-93ae-486d-b42e-ff663f098f3e/500_jebelaliportdubai-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/95c67844-93ae-486d-b42e-ff663f098f3e/500_jebelaliportdubai-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/95c67844-93ae-486d-b42e-ff663f098f3e/jebelaliportdubai-2.jpg?10000","ppImageTitle":"Jebel Ali Port Dubai"},{"title":"DP WORLD AND BAREFOOT COLLEGE JOIN HANDS TO EMPOWER RURAL WOMEN IN SOMALILAND","link":"https://www.dpworld.com/news/dp-world-and-barefoot-college-join-hands-to-empower-rural-women-in-somaliland/","guid":"https://www.dpworld.com/news/dp-world-and-barefoot-college-join-hands-to-empower-rural-women-in-somaliland/","caseid":"622860","subtitle":"Solar Mamas initiative trains rural women as technicians and provides the tools and support necessary to start up small-scale ventures in their own villages","description":"

DP World has launched a new collaboration with Barefoot College International (BCI), aimed at empowering rural women in Somaliland.

Through the expansion of the Solar Mamas programme, DP World and BCI are committed to providing access to clean energy and economic opportunities for women in underserved communities.

Globally, around 1 billion people lack access to electricity, with many development solutions relying on complicated technologies that are inaccessible to rural populations and difficult to maintain. Recognising this challenge, the Solar Mamas initiative works at the grassroots level to empower women with practical skills that transcend language and literacy barriers, enabling them to install and maintain solar power systems in their own villages.

In collaboration with their local communities and BCI, DP World selected 10 women from Berbera and Hargeisa to participate in a 3-month training course at BCI’s training centre in Zanzibar. During the programme, the women will learn essential skills in solar engineering and entrepreneurship, equipping them with the knowledge and tools needed to start up their own small-scale ventures in their communities.

Of the first cohort, six are from Berbera, where DP World operates the Berbera port and Berbera Economic Zone. Another four come from underprivileged areas of the capital Hargeisa. The Somaliland programme builds on the success of the Solar Mamas in Senegal, which saw its first batch of graduates in 2022. The original 19 Solar Mamas from Senegal are now well on their way to transforming their own communities by electrifying 952 homes already.

Daba Cissokho is one of the Senegal programmes’ graduates. Hailing from Kedougou in south-eastern Senegal, nearly 750km from the capital, the 42-year-old single mother of three used to run a stand in the local vegetables market to support her extended family. She speaks with pride of her new skills.

“Daba before and after the training is not the same person. I have a profession for which people will reach out to me. I am a solar engineer,” said Daba. “Women should not be scared to try or explore new things. We have so many options to improve our lives if we try”, added Fatumata Ladji Dialo, another graduate.

Maha AlQattan, Chief Sustainability Officer at DP World, emphasised the company's commitment to women's education and empowerment: \"Our investment in the Solar Mamas initiative has been a resounding success, and we are thrilled to expand this program into Somaliland. By harnessing the potential of women in solar engineering and entrepreneurship, we're not just lighting up homes; we're igniting the engines of community growth and resilience.\"

Rodrigo Paris, CEO of Barefoot College International added: \"We are incredibly fortunate to have found a partner as committed to our core values as DP World. Their support has changed the lives of marginalized women and dramatically improved living standards in their communities. Together, we are driving positive change for generations to come.\"

As International Women's Day approaches, DP World urges stakeholders to support initiatives that empower women and accelerate progress towards gender equality. For more information about the Solar Mamas in Senegal and DP World’s sustainability strategy, click here.

","pubDate":"Sat, 09 Mar 2024 01:00:22 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/de183186-5037-492b-8e4d-0f398c077e3e/500_photo2.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/de183186-5037-492b-8e4d-0f398c077e3e/500_photo2.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/de183186-5037-492b-8e4d-0f398c077e3e/photo2.jpeg?10000","ppImageTitle":"PHOTO (2)"},{"title":"DP WORLD AND MASDAR PARTNER TO DRIVE RENEWABLE POWER FOR PORT OPERATIONS","link":"https://www.dpworld.com/news/dp-world-and-masdar-partner-to-drive-renewable-power-for-port-operations/","guid":"https://www.dpworld.com/news/dp-world-and-masdar-partner-to-drive-renewable-power-for-port-operations/","caseid":"621867","description":"

DP World has signed a partnership agreement with Abu Dhabi Future Energy Company (Masdar), a global leader in clean energy, to explore and implement renewable energy systems across DP World's global port operations in the Middle East and Africa.

The agreement aims to facilitate the widespread adoption of renewable energy and battery energy storage systems (BESS) within DP World’s global supply chain. Over the course of the three-year partnership, DP World and Masdar will work together to identify optimal sites for the potential deployment of solar and energy storage systems, with an initial focus on Saudi Arabia, Senegal, and Egypt.

The partnership seeks to accelerate the deployment of renewable energy systems in DP World’s supply chain by sharing knowledge of the regulatory landscape and other challenges, particularly in emerging economies.

Sultan Ahmed bin Sulayem, DP World Chairman and CEO, said: \"Our partnership with Masdar represents a significant step forward in our commitment to sustainable operations at our ports and terminals. By exploring renewable energy solutions, we aim to reduce our carbon footprint and drive positive change in the supply chain industry.\"

Mohamed Jameel Al Ramahi, Masdar Chief Executive Officer, added: \"Masdar and DP World are leading the way in the decarbonisation of the company’s port operations and supply chain, to explore all options to advance the development and deployment of renewable energy power and storage systems in hard-to-abate sectors. Following a successful COP28 hosted in the UAE, it is vital that we take action to drive the global energy transition towards tripling renewable energy by 2030.”

Masdar is the UAE’s clean energy champion and one of the world’s fastest growing renewable energy companies, advancing the development and deployment of renewable energy and green hydrogen technologies to address global sustainability challenges.

As a leading end-to-end supply chain solutions provider, DP World will continue to work alongside the COP28 Presidency to advocate for more urgent climate action. This includes leveraging DP World’s scale and influence across the 75 countries it operates in worldwide to bring together the broader industry to develop impactful long-term solutions that support the global climate agenda.

DP World work with key stakeholders – from logistics companies, NGOs, governments and cargo owners -- to showcase new technologies and solutions, and exchange ideas to mitigate and build resilience against climate change, driving the energy transition and promoting environmental stewardship while ensuring continued trade flow worldwide.

Decarbonisation is a core focus for DP World, and the business has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050, aligned to the UNFCCC’s Race to Zero and UAE’s 2050 net zero initiative.
Find out more about DP World’s decarbonisation strategy here.

PHOTO CAPTION: Abdulaziz Alobaidli, the Chief Operating Officer of Masdar and Mohammed al Muallem, Executive Vice President of DP World, with a group of senior officials, at the site of the revolutionary BOXBAY High Bay Storage (HBS) system in Jebel Ali, Dubai.

","pubDate":"Mon, 26 Feb 2024 11:39:54 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/5daa1918-616f-41e2-afda-3d76c768aaae/500_dpwmasdar.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/5daa1918-616f-41e2-afda-3d76c768aaae/500_dpwmasdar.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/5daa1918-616f-41e2-afda-3d76c768aaae/dpwmasdar.jpg?10000","ppImageTitle":"DPW Masdar"},{"title":"DP WORLD SIGNS AGREEMENT AS TITLE PARTNER OF DELHI CAPITALS WOMEN'S TEAM IN A HISTORIC MOVE","link":"https://www.dpworld.com/news/dp-world-signs-agreement-as-title-partner-of-delhi-capitals-womens-team-in-a-historic-move/","guid":"https://www.dpworld.com/news/dp-world-signs-agreement-as-title-partner-of-delhi-capitals-womens-team-in-a-historic-move/","caseid":"621040","description":"

DP World and Delhi Capitals today announced a new long-term partnership. DP World, a leading provider of smart end-to-end supply chain solutions, is now the Title Partner of the Women’s Team of Delhi Capitals, in the TATA Women’s Premier League, from 2024. The new multi-year partnership, unveiled today at the JW Marriott hotel in Bengaluru, will see DP World strengthen its relationship with the franchise.

A wide range of initiatives and efforts have been undertaken to foster and elevate the game of cricket in India. At DP World, through this partnership, we are investing in widening the talent pool further in cricket. These remarkable cricket talents have consistently showcased their skills, determination, and passion for the game. Currently, DP World is the Global Logistics Partner of Delhi Capitals' Men’s Team and is extremely proud to extend this partnership to the Women’s Team as we remain dedicated to ongoing efforts in the promotion of the game.

Ashwani Nath, Chief Commercial Officer, Logistics, DP World Subcontinent, said: “We are excited to extend our partnership with Delhi Capitals as the Title Partner for their Women’s team. The last few years have been transformational for women’s cricket, with the sport reaching more players and fans than ever before. The Delhi Capitals women’s team has an impressive roster of players. Together with Delhi Capitals, we are seeking to revolutionise both cricket and global trade to change what’s possible for everyone.”

DP World, through its world-class multimodal logistics capabilities spread across more than 75 countries, ensures seamless movement of trade around the world, including India. From transporting the cork of cricket balls to moving the willow that’s used for making bats, DP World’s agile, reliable, and transparent supply chain solutions help make the game accessible to all.

Speaking about the new partnership, Mr. Sukhvinder Singh, Interim CEO, Delhi Capitals, said: \"Delhi Capitals is thrilled to have on board DP World as the Title Partner of our women's team. DP World's long-term commitment towards the women's game is commendable, and we couldn't be more excited about this partnership. After a successful innings with our IPL team, this collaboration was a natural one. It's a milestone moment for both teams - Delhi Capitals and DP World, as we look forward to kicking off the season in style.\"

As part of the partnership, Delhi Capitals will also work with DP World to support the logistics leader’s Beyond Boundaries Initiative. The initiative sees DP World leverage its interconnected global network and smart logistics capabilities to design and distribute fifty repurposed shipping containers to grassroots cricket clubs around the world, each one equipped with much needed cricket gear. This initiative was unveiled during the 2023 ICC Men’s Cricket World Cup, with DP World pledging to donate 10 kits for every 100 runs scored. To date, over 2,800 kits have been pledged to grassroots cricket, via four bespoke containers.

","pubDate":"Fri, 16 Feb 2024 13:01:31 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/c68059ac-b020-4c85-89e7-e3ec48cf5fb9/500_dpcapitalsxdpworld-01185-withlogo2.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/c68059ac-b020-4c85-89e7-e3ec48cf5fb9/500_dpcapitalsxdpworld-01185-withlogo2.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/c68059ac-b020-4c85-89e7-e3ec48cf5fb9/dpcapitalsxdpworld-01185-withlogo2.png?10000","ppImageTitle":"DP Capitals X DP World-01185_with logo (2)"},{"title":"UAE, INDIA LAY FOUNDATION STONE FOR “BHARAT MART” PROJECT IN DUBAI","link":"https://www.dpworld.com/news/uae-india-lay-foundation-stone-for-bharat-mart-project-in-dubai/","guid":"https://www.dpworld.com/news/uae-india-lay-foundation-stone-for-bharat-mart-project-in-dubai/","caseid":"620868","description":"

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and His Excellency Narendra Modi, Prime Minister of the Republic of India, have laid the foundation stone for Bharat Mart, during a ceremony at the World Governments Summit 2024.

DP World unveiled plans for Bharat Mart, a Dubai marketplace set to open in 2026 that will offer a world-class trading platform for Indian manufacturers and exporters to access global markets.

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council of Dubai, also attended the ceremony on Wednesday, February 14, 2024. S Jaishankar, External Affairs Minister of India; Ajit Doval KC, National Security Advisor of India; Vinay Kwatra, Foreign Secretary, Ministry of External Affairs, Government of India; Sunjay Sudhir, Ambassador of India to the UAE; Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and members of DP World’s senior leadership team.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: “By laying the foundations for Bharat Mart, we are paving the way for stronger trade ties between the UAE and India. Our nations have set themselves the target of reaching $100 billion in non-oil bilateral trade by 2030, and Bharat Mart will support this goal, creating more opportunities for Indian manufacturers and contributing to government initiatives like Make in India and D33. With our world-class infrastructure, logistics capabilities and business-friendly ecosystem in Jafza, Bharat Mart will be the ideal gateway for Indian goods to efficiently reach the UAE and other high-growth markets in the Middle East, Europe and Africa.”

Abdulla Bin Damithan, CEO and Managing Director, DP World GCC, said: “India is among the UAE's top five trade partners, a relationship that has been significantly accelerated by a post-pandemic economic surge. This has created a dynamic trade landscape, and we remain steadfast in our commitment to fostering continued growth. Bharat Mart is designed to complement Jafza's existing offerings, providing Indian SMEs with a seamless platform to export their cargo to new markets and strengthening our position as a key trade gateway between the two nations.\"

Spanning an area of 2.7 million square feet, with the first phase encompassing 1.3 million square feet, Bharat Mart is poised to become a mega distribution hub for Indian businesses to trade domestically in the UAE and re-export to regional and global markets.
The market will be situated in the Jebel Ali Free Zone (Jafza) and will be part of a wider ecosystem of trade that DP World is developing through the Dubai Traders Market, a hybrid retail and wholesale marketplace that will host traders from around the world.

Bharat Mart is planned to house 1,500 showrooms catering to retail and wholesale customers, and over 700,000 square feet of Grade A warehousing space, providing tenants with combined free zone and onshore benefits. The facility will also offer light industrial units, office spaces and meeting facilities.

Bharat Mart will be conveniently located 11km from Jebel Ali Port, the largest seaport in the Middle East, and 15km from Al Maktoum International Airport, providing seamless multimodal logistics solutions for Indian exporters. Though the Jebel Ali ecosystem, traders will have direct connectivity to more than 150 maritime destinations and air links to over 300 cities.

Dubai plays a significant role in the trade relationship between the UAE and India, with 87% or $44.9 billion of the total non-oil trade value of $51.4 billion flowing through the Emirate in 2022. Close to 1,500 Indian businesses have made Jafza their home in the UAE, trading more than five million metric tonnes of cargo valued at $8.6 billion.

","pubDate":"Thu, 15 Feb 2024 08:27:49 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/a5d6c8eb-a3c7-4041-bd47-4328207e4078/500_photo1-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/a5d6c8eb-a3c7-4041-bd47-4328207e4078/500_photo1-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/a5d6c8eb-a3c7-4041-bd47-4328207e4078/photo1-2.jpg?10000","ppImageTitle":"Photo 1"},{"title":"DP WORLD LAUNCHES GLOBAL PLATFORM AS PART OF $35 MILLION INVESTMENT IN EDUCATION","link":"https://www.dpworld.com/news/dp-world-launches-global-platform-as-part-of-35-million-investment-in-education/","guid":"https://www.dpworld.com/news/dp-world-launches-global-platform-as-part-of-35-million-investment-in-education/","caseid":"618708","subtitle":"Partnerships with Teach for All network also announced to elevate opportunities for youth","description":"

DP World has launched its Global Education Platform, a new resource for students and educators in science and logistics, as part of a $35 million (AED128.5) commitment to educational initiatives by 2030.

The Global Education Platform offers over 15 tailor-made, free-to-use resources and e-learning courses for students aged 11-18, educators and employees. Aligned to the United Nations’ Sustainable Development Goals (UN SDGs), the resources emphasise green, digital, STEM (Science, Technology, Engineering and Mathematics) and logistics skills.

DP World has forged key partnerships with organizations such as the Jane Goodall Institute, WaterAid, Minding My Waste and Blue Marine Foundation. These collaborations enrich the platform with valuable resources, ensuring a comprehensive and diverse educational experience.

The platform is designed to demystify the logistics sector, shedding light on the skills essential for success at companies like DP World. It includes guides, training materials, and a unique opportunity for students to earn DP World’s industry-recognised Certificate in Terminal Operations (CTO) qualification for free supporting their personal and career development.

Teach for All collaboration

DP World is also collaborating with Teach for All, a global network of more than 62 independent, locally led organisations and a global organisation united by a commitment to developing collective leadership to ensure all children can fulfil their potential. Under this partnership, Teach For All and its network partners will work to ensure that students and teachers are equipped with the future skills necessary to thrive in a changing job market through its Future of Work initiative. The work will focus particularly on South Africa, Senegal, Argentina and Pakistan where DP World has extensive operations – to collectively provide training and resources on climate education and skills for young people.

Through its education strategy, DP World aims to reach 1.5 million students by 2030, with a focus on increasing knowledge transfer and skill development, especially among women and girls.

Maha AlQattan, Group Chief Sustainability Officer at DP World, said: \"At DP World, we believe that quality education, training, and job opportunities are key to shaping a more sustainable future. Our education platform will play a crucial role to build awareness of green skills while also de-mystifying the logistics sector for both students and educators.

“Additionally, our strategic partnerships with organisations such as Teach for All will help us create a lasting legacy by empowering young people with market-relevant skills that support the energy transition.”

According to the UN, without additional measures, only one in six countries will achieve universal secondary school completion target by 2030, an estimated 84 million children and young people will still be out of school, and approximately 300 million students will lack the basic numeracy and literacy skills necessary for success in life.

Education is a key pillar of DP World’s sustainability strategy, ‘Our World, Our Future’, aligned with the UN’s SDGs of quality education and gender equality. Since 2020, DP World has invested over $20 million to advance global education programmes, including infrastructure, scholarships, and skill-building initiatives in STEM.

As the global trade and education landscapes evolve, DP World remains committed to advancing inclusive and equitable educational opportunities, empowering youth with the skills needed to thrive in a changing global economy.

To learn more about the DP World Global Education Platform, click here.

","pubDate":"Thu, 25 Jan 2024 09:23:42 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/20ee8677-effe-42e1-862a-7fa51d3a2384/500_kidsparticipatinginglobaleducationprogramme.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/20ee8677-effe-42e1-862a-7fa51d3a2384/500_kidsparticipatinginglobaleducationprogramme.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/20ee8677-effe-42e1-862a-7fa51d3a2384/kidsparticipatinginglobaleducationprogramme.jpg?10000","ppImageTitle":"Kids participating in Global education Programme"},{"title":"FROM FARM TO FRIDGE: ROMANIAN BLUEBERRIES HIT THE MIDDLE EAST WITH DP WORLD’S SMART SHIPPING SOLUTIONS","link":"https://www.dpworld.com/news/from-farm-to-fridge-romanian-blueberries-hit-the-middle-east-with-dp-worlds-smart-shipping-solutions/","guid":"https://www.dpworld.com/news/from-farm-to-fridge-romanian-blueberries-hit-the-middle-east-with-dp-worlds-smart-shipping-solutions/","caseid":"617905","subtitle":"Thanks to to a game-changing partnership between Agricrafters and DP World, fresh blueberries across the Middle East are no longer a fantasy","description":"

Blueberries all the way from Romania are now hitting supermarkets across the Middle East, thanks to an innovative new partnership between DP World and a young game-loving fruit producer, Agricrafters.

Romanian fruit producers have traditionally been limited to selling domestically and to their neighbours, hampered by the lack of specialised equipment and infrastructure required to ship their delicate goods over long distances. But now, this collaboration has unlocked a trove of new possibilities.

Founded in 2022, Agricrafters – a company born from a love of agriculture and video games (think Minecraft and StarCraft) – was previously selling its produce to other European countries, reaching as far as the Netherlands, Germany, the UK and Italy. But their ambitions stretched further east, to the sun-drenched markets of the Middle East.

The challenge is to maintain the freshness and nutritional value of the fruit on such a long journey. This is where DP World’s global infrastructure -- with multimodal transport options, smart storage facilities, and cutting-edge terminals in Constanta, Romania, and Jebel Ali, Dubai, comes in.

Through its relationship with CMA CGM, DP World secured next-generation controlled-atmosphere reefer containers, which allow real-time monitoring of CO2, O2, temperature, and humidity levels, with the ability to remotely adjust them if needed, ensuring a smooth, comfortable journey for the berries all the way from Romanian fields to Middle Eastern fridges. Since the July-October harvest season last year, 100 tonnes of fresh blueberries have made the trip across the Black Sea to customers in the Middle East already.

Agricrafters aims to expand its Middle East exports tenfold this year, not just with Romanian blueberries, but also with fruits from other European countries like Portugal and Spain, offering a year-round bounty throughout the region.

George Miclos, CEO, Agricrafters, said: “When we initially partnered with DP World, we didn’t expect to penetrate a new market so quickly but working with them has unlocked vast new potential for us. We know this partnership can help us reach new regions and limits in the years ahead.”

To fuel their ambitious expansion, Agricrafters has established a centre in Romania where local blueberry farmers can sell their produce directly to Middle Eastern markets. They're also renting a 2,000-square-meter warehouse in Jebel Ali to receive, pack and deliver fresh fruit across the region. And to ensure a steady supply of top-quality berries, they've already planted 62 hectares of blueberries in Bihor County, Romania, with plans to add another 160 hectares this year.

DP World is equally enthusiastic about the partnership. Rashid Abdulla, CEO & Managing Director, DP World Europe, said: \"One of our fundamental goals at DP Word is to unlock access to markets and consumers all over the world for our customers, which also helps to strengthen regional economies throughout the world. Our work with Agricrafters is yet another tangible example of that work and yet more evidence of the success of our operation in Romania, which is currently undergoing a huge expansion plan to help us deliver even stronger logistics solutions in the future.”

Cosmin Carstea, CEO, DP World Romania added: “This is just one of many new success stories from DP World Romania. Since setting up in the country in 2004, DP World has been committed to boosting trade for the national and local economies by helping its customers tap into unexplored markets.”

With recent announcements of a €38 million expansion project at Constanta port and a €20 million logistics hub in Aiud, DP World is paving the way for even greater growth, not just for Romanian companies, but for businesses across Eastern Europe seeking to access previously untapped trade routes.

","pubDate":"Tue, 23 Jan 2024 10:41:07 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/5da1e8be-ad5b-4ff7-967e-8ee4b35f9fb3/500_1.-1.29.1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/5da1e8be-ad5b-4ff7-967e-8ee4b35f9fb3/500_1.-1.29.1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/5da1e8be-ad5b-4ff7-967e-8ee4b35f9fb3/1.-1.29.1.jpg?10000","ppImageTitle":"1._1.29.1"},{"title":"DUBAI AND PAKISTAN TO COOPERATE ON RAIL, ECONOMIC ZONES & INFRASTRUCTURE IMPROVEMENT","link":"https://www.dpworld.com/news/dubai-and-pakistan-to-cooperate-on-rail-economic-zones--infrastructure-improvement/","guid":"https://www.dpworld.com/news/dubai-and-pakistan-to-cooperate-on-rail-economic-zones--infrastructure-improvement/","caseid":"617574","description":"

The governments of Dubai and the Islamic Republic of Pakistan have signed two Inter-Governmental Framework Agreements to strengthen their relations in the marine and logistics sectors, including the potential establishment of a Dedicated Freight Corridor and Economic Zone near Karachi.

The agreements were signed at the World Economic Forum in Davos, Switzerland, by H.E. Shahid Ashraf Tarar, Federal Minister of Communication, Railways and Maritime Affairs, Islamic Republic of Pakistan, and Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation (PCFC), Government of Dubai.

DP World will act on behalf of the Dubai Government, while state-run Pakistan Railways and Port Qasim Authority will act on behalf of the Pakistan Government, for the development of the projects.

Dedicated Freight Corridor

The Dedicated Freight Corridor is planned to run from Karachi Port on the Arabian Sea, passing through Karachi, Pakistan’s most populous city, to the Pipri Marshalling Yard, approximately 45kms away. This will improve efficiency, transport times, and reduce the overall cost of logistics.

Headquartered in Lahore, Pakistan Railways is Pakistan’s national, state-owned railway company, owning and operating nearly 8,000kms of railway across the country, from Torkham in the northwest to Karachi in the south.

Qasim International Container Terminal

A second framework agreement was signed with Pakistan’s Ministry of Maritime Affairs to dredge the navigation channel. DP World will carry out the capital dredging on behalf of the Government of Dubai.

Development of Economic Zone

This framework agreement will also see the development of an economic zone at Port Qasim, which aims to attract more than US $3 billion of foreign direct investment. DP World, on behalf of the Government of Dubai, will carry out the development of the economic zone, with the aim of maximising economic activity in Pakistan.

DP World began operations in Pakistan in 1997 at the Qasim International Container Terminal (QICT) – the first of its kind in the country – and has since transformed the facility into a leading gateway for global trade in the region.

Speaking at the signing ceremony, Sultan Ahmed bin Sulayem, Chairman of PCFC and Group Chairman and CEO of DP World, said: “Pakistan is a growing market, and an important trade corridor to Central Asia. We are proud to have contributed to its trading ability through our operations at Qasim International Container Terminal and are honoured to work with various Pakistani government organizations to develop new freight systems and with Port Qasim Authority to enhance port connectivity and investment. These will help serve Pakistan’s growing population, forecast to approach 300 million in the coming decade, and integrate it further into the wider region.”

H.E. Shahid Ashraf Tarar, Federal Minister of Communication, Railways and Maritime Affairs, said: “DP World has long standing proud presence in Pakistan witnessed by mutually rewarding engagement. Building on the unwavering trust and partnership, the two brotherly countries have decided to further consolidate the economic cooperation through landmark projects. The signing of Investment Framework Agreements highlights the importance of Pakistan as gateway to Asia and commercial dividends associated with its strategic location”.

Photo Caption:
H.E. Shahid Ashraf Tarar, Pakistan’s Federal Minister of Communication, Railways and Maritime Affairs, and Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation (PCFC), Government of Dubai, signing the agreements at Davos, as HE Pakistan's Prime Minister Anwar-ul-Haq Kakar, looks on.

","pubDate":"Thu, 18 Jan 2024 12:48:46 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/5deb0c80-0a32-4b4f-962f-c897d4aa5eaf/500_dubaipakistan.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/5deb0c80-0a32-4b4f-962f-c897d4aa5eaf/500_dubaipakistan.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/5deb0c80-0a32-4b4f-962f-c897d4aa5eaf/dubaipakistan.jpg?10000","ppImageTitle":"Dubai Pakistan"},{"title":"Reinforced Supply Chain Measures Keep Asia Pacific's Outlook Upbeat Amid Geopolitical and Economic Challenges","link":"https://www.dpworld.com/news/reinforced-supply-chain-measures-keep-asia-pacifics-outlook-upbeat-amid-geopolitical-and-economic-challenges/","guid":"https://www.dpworld.com/news/reinforced-supply-chain-measures-keep-asia-pacifics-outlook-upbeat-amid-geopolitical-and-economic-challenges/","caseid":"719189","summary":"

2024 will see more businesses in Asia Pacific investing in technology and turning to friendshoring and parallel sourcing to enable growth and supply chain resilience, according to new research from Economist Impact and DP World.
39% of APAC executives surveyed are using AI to minimise disruptions in their supply chains, while over a quarter expect technological upgrades to be the primary growth drivers for their firm's imports in 2024.
APAC is projected to be the fastest-growing region in the world in terms of both imports and exports. Intra-Asia trade is also on the rise, with one third of APAC executives saying that Southeast Asia is one of their primary export markets.

","description":"

Singapore, 17 January 2024: New research reveals that optimism prevails among businesses across Asia Pacific (APAC) who are leveraging technology and reconfiguring their supply chains to navigate continuing geopolitical and economic uncertainty.

The latest Trade in Transition research, commissioned by leading global smart logistics solutions provider DP World and led by Economist Impact, captured the perspectives of trade experts and senior executives globally. Unveiled at the World Economic Forum (WEF) in Davos earlier this week, the report found that the primary driver of optimism in APAC is a growing belief that technology will transform the efficiency and resilience of supply chains. In the face of political instability, high inflation and interest rates as well as economic downturn in key markets, businesses are also implementing friendshoring and dual supply chain strategies to manage risk across their operations.

Glen Hilton, CEO & Managing Director for DP World in Asia Pacific, said: “Asia Pacific’s imports and exports are projected to grow over 5% in 2024 – the fastest, globally. The report makes clear that intra-Asian trade is critical to ensuring that businesses continue to develop and prosper in the region and technology will play a critical role. We will accelerate our investment and forge strategic partnerships to strengthen and expand our offerings to help businesses achieve their growth ambitions in the region.”

Technology spurs optimism in Asia Pacific supply chains

When asked to assess the future of global trade, 32% of APAC business leaders cited the ability of technology to improve supply chain efficacy and resilience as their main reason for optimism. 27% also expect technological upgrades to serve as primary growth drivers for their companies’ imports.

At the core of these positive sentiments is the increasing adoption of Artificial Intelligence (AI). 99% of APAC businesses are using AI to revolutionise at least one aspect of their supply chain management, including:

Streamlining operating costs (cited by 34% of respondents);
Improving resource planning to reduce supply chain disruptions (31%); and
Identifying new sources of demand (29%).

Businesses are set to proactively ramp up their technological adoption in 2024, underscoring a commitment to innovate given an ever-changing operating environment. 39% are prioritising increasing research and development efforts to enhance products, services and supply chain operations. Of those surveyed in APAC:

32% are poised to incorporate advanced automation and robotics to amplify logistical efficiencies;
27% intend to embrace augmented or virtual reality for troubleshooting and repairs; and
25% will integrate blockchain technology to enhance traceability, security, and data protection.

Supply chains adapt as economic and geopolitical tensions persist

Among APAC executives, the enduring threat of inflation was cited by 28% as their main concern over the next two years. Additionally, 26% express fears of economic downturn in key markets where they operate. In response to economic headwinds, an increasing number of APAC businesses are restructuring their supply chains, with 24% opting for fewer suppliers – a 13 percentage point increase from the previous year. Many more are also looking within Asia for trade opportunities, with 30% of APAC executives stating that Southeast Asia is one of their primary export markets.

Beyond economic fears, geopolitical tensions also weigh heavily on executives’ minds. Economist Impact conducted a quantitative trade analysis through the Global Trade Analysis Project (GTAP) platform to estimate the potential global output loss from hypothetical scenarios of further ‘geo-economic fragmentation.’ In a scenario focused on significantly increased trade barriers on high-tech goods – a focal point in the current geopolitical climate – the GTAP modelling projected a 0.9% decline in worldwide GDP.

In APAC, nearly a quarter of businesses express concerns about political instability in sourcing markets. Almost a fifth cite worries about heightened geopolitical uncertainty, with ongoing events such as the war in Ukraine and tensions between the US and China. To mitigate risk, a third are utilising friendshoring, while a similar proportion say that they are establishing parallel supply chains or employing dual sourcing.

Supply chain diversification is particularly evident in APAC with more and more businesses adopting a ‘China+1’ strategy. Countries like Malaysia, Thailand and Vietnam, which firms see as lower risk production destinations, are benefitting from this trend. However, despite many businesses indicating that they are diversifying supply chains away from China, manufacturing levels in the world’s second largest economy remain robust, demonstrating the nuanced nature of supply chain dynamics in the region.

To view the full report, please click here.

","pubDate":"Wed, 17 Jan 2024 06:57:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/8d35d148-bfdd-453b-88b9-469c40dfd9bc/500_reinforcedsupplychainmeasureskeepasiapacific039soutlookupbeatamidgeopoliticalandeconomicchallenges.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/8d35d148-bfdd-453b-88b9-469c40dfd9bc/500_reinforcedsupplychainmeasureskeepasiapacific039soutlookupbeatamidgeopoliticalandeconomicchallenges.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/8d35d148-bfdd-453b-88b9-469c40dfd9bc/reinforcedsupplychainmeasureskeepasiapacific039soutlookupbeatamidgeopoliticalandeconomicchallenges.jpg?10000","ppImageTitle":"Reinforced Supply Chain Measures Keep Asia Pacific's Outlook Upbeat Amid Geopolitical and Economic Challenges"},{"title":"2024 BUSINESS FORECAST: TECH-DRIVEN OPTIMISM MEETS RISING GEOPOLITICAL CHALLENGES","link":"https://www.dpworld.com/news/2024-business-forecast-tech-driven-optimism-meets-rising-geopolitical-challenges/","guid":"https://www.dpworld.com/news/2024-business-forecast-tech-driven-optimism-meets-rising-geopolitical-challenges/","caseid":"617229","description":"

Despite the challenges of 2023 and escalating geopolitical tensions, business leaders remain surprisingly optimistic for 2024, according new research from Economist Impact and DP World, unveiled today at the World Economic Forum.

The primary driver is a growing belief that technology will transform the efficiency and resilience of supply chains. Amid escalating concerns about protectionism, global fragmentation and political instability, businesses are reassessing risks within their supply chains and pivoting towards friendshoring and dual supply chain strategies.

The fourth annual Trade in Transition study, commissioned by DP World and led by Economist Impact, captured the perspectives of trade experts and senior executives across a variety of regions and sectors. This period of unprecedented transformation – heightened geopolitical risk, the urgent realities of climate change and significant advancements in technologies – is causing businesses to face complex challenges. Yet there are also opportunities.

2023 was a pivotal year in supply chain innovation as technology drives optimism for 2024

The global survey of 3,500 company executives found technologies that improve supply chain efficacy and resilience to be the main source of optimism for business leaders when asked to assess the future of global trade. At the core of this sentiment is the widespread adoption of AI, with 98% of executives already using AI to revolutionise at least one aspect of their supply chain operations.

From solving inventory management issues and reducing trade expenses to optimising transport routes, executives are taking advantage of integrating AI. A third of businesses are utilising AI to deliver a reduction in overall trade operation costs and the same amount to enhance resource and supply chain planning. Over one-third of companies view boosting the use of digital tools for enhanced inventory management as the most effective strategy in cutting overall trade and supply chain costs.

Businesses expect to ramp up their technological adoption further this year, a proactive approach that underscores a commitment to deploying innovation to navigate the evolving business landscape with increased efficiency and resilience. Of those surveyed, a third will focus on advanced automation and robotics for logistics efficiency; 28% will turn to blockchain for enhanced traceability and data security; and 21% will embrace artificial intelligence, big-data analytics and predictive analytics for real-time insights and disruption forecasting.

Supply chains adapt as geopolitical tensions weigh

In the new era of globalisation, a landscape of heightened geopolitical risk is shaping the contours of global trade as businesses attempt to reduce risks across their supply chains. More than a third of companies are using friendshoring to shape trade and supply chain operations, while 32% are creating parallel supply chains or dual sourcing.

In addition, more than a quarter are opting for fewer suppliers – a 16-percentage point increase from the previous year – as businesses weigh the advantages of consolidation against diversification and control against resilience.

Concerns that political instability, rising trade friction and global fragmentation could hamper growth are increasing. A fifth of businesses are concerned with higher tariffs, or uncertainties around tariffs, in key markets they export to or import from. In fact, 22% of executives emphasised the challenge of political instability in their sourcing markets, while almost a quarter (23%) are concerned about heightened geopolitical uncertainty.

Economist Impact conducted a quantitative trade analysis through the Global Trade Analysis Project (GTAP) platform to estimate the potential global output loss from hypothetical scenarios of further “geo-economic fragmentation.” In a scenario focused on significantly increased trade barriers on high-tech goods – a focal point in the current geopolitical climate – Economist Impact projected a 0.9% decline in worldwide GDP.

Speaking at the launch of the report at the World Economic Forum in Davos today, DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said: “The findings in this report reveal a remarkable optimism, despite businesses having to operate in an increasingly uncertain environment. Governments can maximise the significant economic benefits of trade by providing the predictability that businesses need, while reducing trade friction. This entails not only tariff reduction, but also collaborating with the private sector to roll-out technological advancements – most notably in digitalisation, automation and AI – that enable greater efficiency, visibility and adaptability.”

John Ferguson, Global Lead, New Globalisation, Economist Impact, added: “In 2024, amidst heightened geopolitical risk and the rising impact of climate change, there is an observable increase in the variability of approaches businesses are taking to their supply chains. This reflects a growing understanding that no single strategy will meet the needs of different businesses. What’s clear is that technology is being implemented across supply chains to ensure business can adapt faster and smarter.”

To view the full report, please click here.

","pubDate":"Tue, 16 Jan 2024 07:03:42 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/315c783f-6f52-499c-bf81-91c41a5a249b/500_dakarportcontainerterminalnightview.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/315c783f-6f52-499c-bf81-91c41a5a249b/500_dakarportcontainerterminalnightview.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/315c783f-6f52-499c-bf81-91c41a5a249b/dakarportcontainerterminalnightview.jpeg?10000","ppImageTitle":"Dakar port container terminal night view"},{"title":"GUJARAT AND DP WORLD SIGN AGREEMENTS TO STRENGTHEN LOGISTICS IN THE INDIAN STATE","link":"https://www.dpworld.com/news/gujarat-and-dp-world-sign-agreements-to-strengthen-logistics-in-the-indian-state/","guid":"https://www.dpworld.com/news/gujarat-and-dp-world-sign-agreements-to-strengthen-logistics-in-the-indian-state/","caseid":"616738","subtitle":"DP World to develop multi-purpose deep-draft ports, container terminals, SEZs, and Gati Shakti Cargo Terminals (GCT) in Gujarat","description":"

DP World has signed multiple Memorandums of Understanding (MoUs) worth INR 250 billion (approx. US$3 billion) with the Government of Gujarat, covering the development of new ports, terminals, and economic zones, strengthening its commitment to supporting trade in a growing Indian state.

In the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of UAE, and Narendra Modi, Prime Minister of India, DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, exchanged MoUs around potential investments in Gujarat with Mr M K Das, Additional Chief Secretary, Government of Gujarat, during the theVibrant Gujarat Global Summit 2024 being held in Gandhinagar

The MoUs highlight Gujarat’s prowess as a role model of development and the growth engine of the nation while leveraging its logistics and maritime infrastructure.

The MoUs. underscore DP World’s commitment to facilitating trade in Gujarat by developing:

• Multi-purpose deep-draft ports in South Gujarat and around the western coast of Gujarat towards Kutch,
• Special Economic Zones in Jamnagar and Kutch,
• Gati Shakti Cargo Terminals (GCT) and Private Freight Stations at Dahej, Vadodara, Rajkot, Bedi and Morbi

DP World has also signed an MoU with Gujarat Maritime Board to jointly identify opportunities to develop additional ports along the coast of Gujarat.

Commenting on the signing of the MoUs, Sultan Ahmed bin Sulayem, Chairman and CEO, DP World Group, said : “We are very committed to India, where we have been operating for nearly 20 years. In that time, we invested almost $2.5 billion and we are going to invest more in the next 3 years in these projects. The policies of the government and our experience here is what gives us the confidence to do even more in India. We have also been present in Gujarat since 2003 and are proud to have been part of the state’s growth story. We are honoured to continue our partnership in the state by committing to strengthening its logistics and maritime infrastructure to further enable trade in Gujarat.”

DP World's existing investments in Gujarat include a container terminal in Mundra, along with rail connected private freight terminals at Ahmedabad and Hazira. This is complemented by cold storage facilities in Surat and Bharuch, freight forwarding offices in Ahmedabad and Gandhidham, and express cargo services across the state. Additionally, DP World ensures global connectivity for businesses in the region by running weekly coastal services via DP World's Unifeeder Group, linking Mundra, Kandla, and Hazira ports to several international ports. The company recently launched a first-of-its-kind dedicated scheduled Rail Freight Service, ‘SARAL’ connecting traders from south Gujarat such as Surat, Vapi, Valsad Vadodara, Bharuch, Ankleshwar to the markets in and around North Capital Region (NCR).

On 25 August 2023, DP World signed a $510 million concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per year mega-container terminal at Tuna-Tekra in Kandla. On commencement, this greenfield terminal will have state of the art equipment and a 1,100 m berth capable of handling next-generation vessels carrying more than 18,000 TEUs.

","pubDate":"Wed, 10 Jan 2024 13:26:54 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/64c53287-3484-4814-93ff-836bcbc31d43/500_2024-01-10gujaratanddpworldsignagreements.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/64c53287-3484-4814-93ff-836bcbc31d43/500_2024-01-10gujaratanddpworldsignagreements.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/64c53287-3484-4814-93ff-836bcbc31d43/2024-01-10gujaratanddpworldsignagreements.jpg?10000","ppImageTitle":"2024_01_10 GUJARAT AND DP WORLD SIGN AGREEMENTS"},{"title":"RAISING TEMPERATURE OF TRANSPORTED FROZEN FOODS CAN SLASH CARBON EMISSIONS, STUDY SHOWS","link":"https://www.dpworld.com/news/raising-temperature-of-transported-frozen-foods-can-slash-carbon-emissions-study-shows/","guid":"https://www.dpworld.com/news/raising-temperature-of-transported-frozen-foods-can-slash-carbon-emissions-study-shows/","caseid":"616458","subtitle":"Academic research concludes that raising the standard temperature of most frozen food by 3 degrees from -18C could cut carbon emissions by the equivalent of taking 3.8m cars off the road","description":"

Frozen food temperatures could be changed by just three degrees to save the carbon dioxide emissions of 3.8 million cars per year, research suggests.

Most frozen food is transported and stored at -18°C, a standard that was set 93 years ago and has not changed since.

A move to -15°C could make a significant environmental impact with no compromise on food safety or quality, the study found.

The experts, from the Paris-based International Institute of Refrigeration, the University of Birmingham and London South Bank University, among others, found that the small change could:

• Save 17.7 million metric tonnes of carbon dioxide per year, the equivalent annual emissions of 3.8m cars annually
• Create energy savings of around 25 terawatt-hours (TW/h) - 17.64% of the UAE's electricity consumption
• Cut costs in the supply chain by at least 5% and in some areas by up to 12%

The research was supported by the leading global logistics firm and principal partner in COP28, DP World, which has set up an industry-wide coalition to explore the feasibility of this change, named Join the Move to -15°C.

This coalition aims to redefine frozen food temperature standards to cut greenhouse gases, lower supply chain costs and secure food resources for the world’s growing population.

The coalition has already been joined by leading industry organizations including: U.S. based AJC Group, A.P. Moller – Maersk (Maersk) of Denmark; Daikin of Japan; DP World; the Global Cold Chain Alliance; Switzerland’s Kuehne + Nagel International; U.S. based Lineage; Mediterranean Shipping Company (MSC) of Geneva; and Singapore-based Ocean Network Express (ONE).

Maha AlQattan, Group Chief Sustainability Officer at DP World, said: “Frozen food standards have not been updated in almost a century. They are long overdue for revision.

“A small temperature increase could have huge benefits but - however committed each individual organisation is - the industry can only change what’s possible by working together.

“With this research and with our newly formed coalition, we aim to support collaboration across the industry to find viable ways to achieve the sector’s shared net zero ambition by 2050.

“The Move to -15°C will bring the industry together to explore new, greener standards to help decarbonise the sector on a global scale. Through this research, we can see how we can deploy accessible storage technologies in all markets to freeze food at sustainable temperatures, while reducing food scarcity for vulnerable and developed communities.”

Building resilience and ensuring future food security

Annually hundreds of millions of tonnes of food from blueberries to broccoli is transported around the world.

While freezing food extends shelf life, it comes with a significant environmental cost – as 2-3% more energy is required for every degree below zero that food is stored at.

The logistics industry is working to decarbonise and facing rising energy bills.

Yet demand for frozen food is increasing as appetites evolve in developing countries and price-conscious consumers seek nutritious, tasty food at more affordable prices.

At the same time, experts estimate that 12% of food produced annually is wasted due to a lack of refrigerated and frozen logistics, called the ‘cold chain’ in the industry, highlighting a significant need for greater capacity.

Studies also suggest that 1.3 billion tonnes of edible food is thrown away every year – a third of global food production for human consumption.

The need is particularly acute in areas like Sub-Saharan Africa and the Subcontinent. In Pakistan in 2022, for example, half of exportable mangoes were lost due to an extreme heatwave1.

According to the Food and Agriculture Organisation, more than 820 million people are hungry today and 2 billion – roughly a quarter of the world’s population – suffer from food insecurity2.

Professor Toby Peters, University of Birmingham and Heriot-Watt University and director of the Centre for Sustainable Cooling said: “Cold chains are critical infrastructure, vital for a well-functioning society and economy. They underpin our access to safe and nutritious food and health, as well as our ability to spur economic growth.”

He added: “Cold chain infrastructure, and the lack of it, have implications for global climate change and the environment.”

Climate change-driven events such as droughts, floods, and heatwaves can reduce crop yields and harm livestock health and productivity. But freezing food can protect food sources and their nutritional value for months amid such crises.

Join the Move to -15°C is an initiative to create a just transition, deploying accessible storage technologies globally to freeze food at sustainable temperatures to reduce food scarcity for vulnerable and developed communities alike.

Prof Peters added: “The UN predicts a population of 9.7 billion by 2050. To ensure food accessibility, we must close the 56% gap in the global food supply between what was produced in 2010 and what will be needed in 2050.

“Cutting cold chain emissions and transforming how food is safely stored and moved today helps ensure we can keep sustainably feeding communities across the globe as populations and global temperatures rise, protecting nutritious food sources for years to come.

“Building on this research, DP World’s coalition can be a key tool for overcoming today’s food challenges too, providing a stable inventory of quality food for the 820 million starving people worldwide and security for another 2 billion who are struggling with food scarcity.”

An open invitation to ‘Join the Move to -15°C' initiative

DP World has made the research accessible to all and invited stakeholders, industry leaders and interested parties to show support for the campaign.

To find out more or join the initiative, please click here.

","pubDate":"Mon, 08 Jan 2024 10:08:24 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/29d8fe10-3ae4-46cd-b9bd-3ed33fd09aef/500_moveto-15launch1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/29d8fe10-3ae4-46cd-b9bd-3ed33fd09aef/500_moveto-15launch1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/29d8fe10-3ae4-46cd-b9bd-3ed33fd09aef/moveto-15launch1.jpg?10000","ppImageTitle":"Move to -15 Launch 1"},{"title":"DP WORLD UNVEILS AMBITIOUS DESIGN FOR NEW GLOBAL HEAD OFFICE IN EXPO CITY DUBAI","link":"https://www.dpworld.com/news/dp-world-unveils-ambitious-design-for-new-global-head-office-in-expo-city-dubai/","guid":"https://www.dpworld.com/news/dp-world-unveils-ambitious-design-for-new-global-head-office-in-expo-city-dubai/","caseid":"614311","description":"

DP World has announced plans to relocate its global head office to Expo City Dubai, marking the latest milestone in the company's 50-year journey, as it continues to expand its global supply chain solutions.

The move to Expo City is part of the company’s journey from a local port operator in 1972 to a truly global supply chain solutions provider, transforming how the world trades. DP World has been based in Jebel Ali, at the heart of its port and free zone operations since it was established under its current name in September 2005.

Announcing the plan, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: \"DP World's relocation to Expo City Dubai is a not an isolated project; it is one of many within our overall transformation to become the leading global provider of end-to-end supply chain solutions. Moving to Expo City puts us at the heart of Dubai’s future, while also signifies our commitment to innovation, sustainability, and making trade flow for our global customers.

“We are confident that our new state-of-the-art home will not only facilitate our continued growth, but also serve as a testament to our dedication to excellence and environmental stewardship. Across our business, we are committed to providing sustainable solutions for customers and partners and this same innovative mindset drives the vision for our new head office.\"

Her Excellency Reem Al Hashimy, UAE Minister of State for International Co-operation and CEO of Expo City Dubai Authority, said: “As a hub on the 2040 Dubai Urban Masterplan, Expo City Dubai is committed to providing an ecosystem for sustainable growth across Dubai’s key sectors, as well as driving meaningful action around some of the greatest challenges of our time. Carrying forward the legacy of Expo 2020, we are delighted to welcome DP World back to our site once again, as together we work towards our shared vision of a better, more sustainable future for all.”

DP World’s new Head Office, which is nine storeys and boasts 37,300 square metres of space -- will accommodate approximately 800 dedicated staff and provides a platform for clients and partners to engage directly with DP World's portfolio – across ports and terminals, marine services, logistics and technology. The first two floors are dedicated to engaging external stakeholders and visitors – with space for casual meetings and dining to the highest-level VIP meeting rooms and facilities.

Juan Carlos Sahdala, DP World’s Group Chief Planning and Project Officer, said: “The process of designing DP World’s new head office at Expo City Dubai has been an invigorating journey. Our goal has been to craft a space that harmoniously blends form, function, and sustainability, encapsulating the forward-thinking essence of Dubai's evolution.”

DP World is dedicated to minimising its environmental impact, and the head office will incorporate energy-efficient technologies, renewable energy sources, and eco-friendly building materials. The project will include a sustainable approach to the construction of the building itself, setting a new benchmark for the region. The project includes the use of electric golf carts, which will serve as a means of transportation, allowing convenient travel between different areas of the project site. Both employees and visitors can utilise these carts, ensuring ease of movement within the premises.

Dr. Amr El Sabban, Group Senior Vice President, Planning and Project Management at DP World, added: “One of the key features of the building is its status as state-of-the art smart building. This means that cutting-edge technological solutions are integrated throughout the facility to enhance efficiency, productivity, and connectivity among employees from different departments and locations within the group.

The smart building concept encompasses a wide range of advanced systems and solutions. Some of the key components include: energy efficient solutions, building management systems, intelligent elevator systems, and smart audio-video monitoring.”

The design is integrated with DP World’s iconic Flow Pavilion and water fountain, which captivated audiences during Expo 2020. The pavilion welcomed nearly 3,000 government officials, 2,500 thought leaders, 10,000 students and over 1.2 million visitors over the course of the six-month Expo 2020 Dubai.

Dubai-based DEC Dynamic Design Studio, was entrusted with the creation of a facility that reflects DP World’s vision for the future of global trade, combining functionality, sustainability and aesthetics.

The building also includes an automated parking area, showcasing DP World's commitment to technological advancement in every aspect of its work. This innovative parking solution doesn’t only maximise plot use, but also aligns with DP World's environmental goals, reducing the carbon footprint associated with traditional parking facilities. The project also provides surface car parking facilities near the entrances specifically designated for EV charging, this arrangement promotes convenience and encourages the use of sustainable and efficient modes of transportation.

DP World looks forward to welcoming the world to its new global head office in Expo City Dubai, where trade, technology, and tradition converge to shape a brighter future for global commerce.

DP World’s journey
1972 DP World’s story begins as the port operator of the new Port Rashid in Dubai, the emirate’s first commercial port
1979 Inauguration of Jebel Ali, the launchpad for DP World
1999 First international project completed in Jeddah, Saudi Arabia
1999 DP World launches in India with a public-private partnership at the Nhava Sheva terminal
2003 DP World enters Europe with a concession at the Port of Constanta in Romania
2005 Acquisition of CSX Terminals, expanding its reach into Asia, Europe and South America
2006 Acquisition of P&O, the world’s fourth largest port operator
2013 Opening of London Gateway in the UK, a new high-tech trading hub for Europe
2017 DP World takes 100% ownership of Embraport in Brazil
2022 Acquisition of Imperial Logistics and syncreon and the launch of DUBUY.com, expanding services across land and online
2023 DP World announces move from Jebel Ali to Expo City Dubai

","pubDate":"Sun, 17 Dec 2023 12:58:18 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/cc3e73f5-b8e9-4fb2-a674-5ba40aad10ca/500_screenshot2023-07-13105816.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/cc3e73f5-b8e9-4fb2-a674-5ba40aad10ca/500_screenshot2023-07-13105816.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cc3e73f5-b8e9-4fb2-a674-5ba40aad10ca/screenshot2023-07-13105816.jpeg?10000","ppImageTitle":"Screenshot 2023-07-13 105816"},{"title":"DP WORLD APPOINTS INDUSTRIAL INNOVATION GROUP TO DESIGN CARBON REMOVAL ROADMAP FOR UAE OPERATIONS","link":"https://www.dpworld.com/news/dp-world-appoints-industrial-innovation-group-to-design-carbon-removal-roadmap-for-uae-operations/","guid":"https://www.dpworld.com/news/dp-world-appoints-industrial-innovation-group-to-design-carbon-removal-roadmap-for-uae-operations/","caseid":"613949","subtitle":"Industrial Innovation Group will develop a roadmap for comprehensive carbon sequestration initiatives for DP World in the UAE","description":"

DP World has signed a Carbon Removal Certification Agreement for its UAE operations with Industrial Innovation Group, a global leader in the creation of high-tech global carbon removal initiatives.

Decarbonisation is a priority for DP World, which has already committed to becoming carbon-neutral by 2040 and achieving net-zero carbon emissions by 2050. This collaborative effort aims to design an effective long-term solution for sustainable development and achieving net-zero carbon emissions by 2050, particularly in the supply chain and logistics industries.

With its extensive experience in implementing sustainable solutions and drafting decarbonisation strategies for various business sectors, Industrial Innovation Group will develop a carbon removal roadmap across DP World’s UAE value chain. It will ensure the progressive involvement in Voluntary Carbon Removal Projects and support stringent reporting on carbon emission reductions.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: \"As a leading provider of comprehensive logistics solutions, DP World is fully aware of the impact of its activities on the environment and is ready to step up and progressively expand our efforts by collaborating with industry leaders like Industrial Innovation Group to systematise the efforts of both companies in the field of decarbonisation and achieve climate-responsible business practices.\"

Taryam Matar Taryam, CEO of Industrial Innovation Group, said: \"Industrial Innovation Group and DP World have joined forces for an effective fight against climate change and the creation of a future supply chain with zero carbon emissions. The essence of our companies' leadership lies in demonstrating the responsible value-based approach to business and developing effective long-term solutions for the global climate agenda.\"

","pubDate":"Wed, 13 Dec 2023 13:13:45 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/ac5b74aa-ee7a-47fa-a743-13382fe8d76f/500_containervesselatjebelaliterminal.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/ac5b74aa-ee7a-47fa-a743-13382fe8d76f/500_containervesselatjebelaliterminal.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/ac5b74aa-ee7a-47fa-a743-13382fe8d76f/containervesselatjebelaliterminal.png?10000","ppImageTitle":"Container vessel at Jebel Ali terminal"},{"title":"DRYDOCKS WORLD TARGETS SMALL VESSELS FOR HYBRID-BATTERY RETROFITS TO CUT MARINE EMISSIONS","link":"https://www.dpworld.com/news/drydocks-world-targets-small-vessels-for-hybrid-battery-retrofits-to-cut-marine-emissions/","guid":"https://www.dpworld.com/news/drydocks-world-targets-small-vessels-for-hybrid-battery-retrofits-to-cut-marine-emissions/","caseid":"613407","subtitle":"Battery retrofits have traditionally been limited to larger vessels. Drydock's break through retrofit modifications will help to reduce marine emissions when coupled with renewable energy from shore power","description":"

Drydocks World, (a DP World company) has launched a new scheme to retrofit hybrid-battery packages for small vessels, helping to reduce carbon emissions from the marine services sector.

Working with technology partners and a specialist engineering team, Drydocks World is currently retrofitting one of its own harbour tugs with a new generation of battery technology which will give it enhanced capacity. Once complete, Drydocks World will explore opportunities to retrofit external client vessels, such as yachts and leisure craft, leveraging its shipbuilding and fabrication infrastructure at Mina Rashid in Dubai.

Once modified, these smaller craft will help to reduce fuel costs and operating expenses, while also increasing vessel reliability. When coupled with renewable energy from shore power, this can help to reduce emissions even further. Battery retrofit modification has been traditionally limited to larger vessels so Drydocks World’s small new vessel-focused scheme is a breakthrough for the maritime industry.

As part of its Greenhouse Gas Strategy, the International Maritime Organisation (IMO) introduced its 2023 regulations earlier this year to reduce carbon emissions from international shipping by 40% by 2030 and 70% by 2050 compared to 2008 levels for both commercial and non-commercial vessels. Drydocks World’s new retrofit hybrid-battery scheme is an important step in supporting the IMO’s regulations and will eventually support a growing global market for retrofitting services.

Drydocks World’s CEO, Capt. Rado Antolovic, PhD said: “Drydocks World understands the importance of reducing vessel emissions in line with the IMO. The marginal gains from retrofitting battery packages on smaller maritime vessels are essential to decarbonising the marine industry globally. Our hybrid-battery retrofit scheme is a direct way to cut emissions, especially for maintenance vessels who perform daily short routes.”

This latest initiative is part of Drydocks World's ongoing commitment to sustainable maritime operations. Earlier this year, DEWA issued more than 200,000 International Renewable Energy Certificates (I-RECs) to DP World which include substantial energy use at Drydocks World’s operations in Dubai. I-RECS guarantee that the electricity consumed is generated from renewable sources.

Additionally, Drydocks World is exploring alternative fuels for vessel operation and has been instrumental in building High Voltage Direct Current (HVDC) and High Voltage Alternating Current (HVAC) platforms for renewable wind energy companies around the world, creating a crucial link between offshore platforms and land-based end-users. This work extends to maintaining offshore wind renewable platforms, further emphasising Drydocks World’s role in fostering sustainable energy sources.

","pubDate":"Mon, 11 Dec 2023 06:00:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/ee7527a8-4fe0-425f-a122-62b16fa197fd/500_dji-0038.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/ee7527a8-4fe0-425f-a122-62b16fa197fd/500_dji-0038.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/ee7527a8-4fe0-425f-a122-62b16fa197fd/dji-0038.jpg?10000","ppImageTitle":"DJI_0038"},{"title":"DP WORLD AND CORAL VITA OPEN THE UAE’S FIRST RESTORATIVE & EDUCATIONAL CORAL EXHIBITION","link":"https://www.dpworld.com/news/dp-world-and-coral-vita-open-the-uaes-first-restorative--educational-coral-exhibition/","guid":"https://www.dpworld.com/news/dp-world-and-coral-vita-open-the-uaes-first-restorative--educational-coral-exhibition/","caseid":"613405","subtitle":"Coral Vita's land-based nursery will serve as an open scientific exhibition of its restoration model and the importance of corals to oceans and people","description":"

DP World has opened the UAE’s first land-based coral exhibition for reef restoration, alongside Coral Vita, a pioneering company that grows corals to restore dying reefs, an important milestone in their strategic partnership to enhance the health and resilience of coral reefs around the world.

Coral Vita’s land-based farms use solar-powered, closed-loop systems that mimic natural ocean conditions and optimise coral growth and survival. Coral Vita also engages local communities and stakeholders to ensure the long-term success and sustainability of its restoration projects.

Coral Vita has established this facility to showcase a scalable restoration approach capable of accelerating the growth of native corals up to fifty times faster than in their natural habitats, while also bolstering their resilience to rising temperatures linked to climate change. DP World and Coral Vita are working in collaboration with the Dubai municipality on this pilot project.

The facility functions primarily as a demonstration centre but has significant potential for the near future, playing a vital role in supporting regional initiatives to scale restoration solutions by building synergies with broader stakeholders, contributing to a sustainable blue economy in the UAE and globally.

Coral reefs are among the most diverse and valuable ecosystems on earth, supporting over 25% of marine life, providing food, livelihoods and coastal protection for an estimated one billion people, providing compounds for medicines, and generating billions in tourism and fisheries revenues each year.

However, they face an unprecedented crisis due to climate change, pollution, overfishing and other threats. More than 50% of the world’s reefs have already been lost and over 90% are projected to die by 2050.

\"DP World recognises its responsibility and is actively working to prevent biodiversity degradation through our global land and water operations,\" said Maha AlQattan, Group Chief Sustainability Officer of DP World. “Our partnership with Coral Vita is one way we are addressing the need for collective societal action to build global resilience against climate change and biodiversity loss. This initiative represents a significant stride in DP World’s sustainability commitment, urging us to envision a future where vibrant coral ecosystems flourish as part of a larger effort to ensure the thriving health of our oceans.”

\"We are thrilled to partner with DP World to support reef restoration for the UAE and expand our global network of coral farms,” said Sam Teicher, Co-Founder & Chief Reef Officer at Coral Vita. “While we wish that our job didn’t exist, Coral Vita is proud to collaborate with local stakeholders, contribute its expertise to scaling reef restoration through diverse, resilient, and affordable corals, and create a new marine education and tourism hub in Mina Rashid, Dubai.”

DP World and Coral Vita will continue to explore opportunities to integrate coral farming and restoration into DP World global network of ports and terminals, as well as to raise awareness and educate the public about the importance of coral reefs for our oceans and livelihoods.

The facility will be open to the public on Tuesdays through Saturdays from 11:00-4:00. It is located at Shop B, ground floor, building C5, Marina View – Mina Rashid, Dubai.

","pubDate":"Fri, 08 Dec 2023 08:31:28 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/5b858f58-15c9-45dd-bf2b-c71ccef3ddea/500_js7-8284.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/5b858f58-15c9-45dd-bf2b-c71ccef3ddea/500_js7-8284.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/5b858f58-15c9-45dd-bf2b-c71ccef3ddea/js7-8284.jpg?10000","ppImageTitle":"JS7_8284"},{"title":"DP WORLD MARINE SERVICES CUTS CARBON EMISSIONS BY 16%","link":"https://www.dpworld.com/news/dp-world-marine-services-cuts-carbon-emissions-by-16pc/","guid":"https://www.dpworld.com/news/dp-world-marine-services-cuts-carbon-emissions-by-16pc/","caseid":"613261","subtitle":"Prioritising operational efficiencies have allowed the company to surpass its emission reduction goals","description":"

DP World Marine Services has reduced its carbon footprint by more than 16% in 2023 from its 2019 baseline of 2,118 ktCO2e by creating efficiencies across its operations. This achievement comes at a critical juncture as the world focuses on COP28, being held this month in Dubai

Much of the reduction came from optimising its vessels' routes and scheduling to ensure full utilisation and reduced idling time. Creating more efficient deployment networks – with vessels traveling along more direct, shorter routes– also leads to a reduction of wasted nautical miles travelled and lowered fuel consumption.

DP World Marine Services calculates its carbon footprint using an in-house tool, with operating entities reporting monthly on its fossil fuel and electricity consumption based on invoices. Maritime classification society, Lloyd's Register is engaged annually to audit and assure the accuracy of the carbon footprint.

Guided by DP World’s ‘Our World, Our Future’ strategy and its ambitious decarbonisation targets for 2030, 2040 and 2050, the company’s Marine Services business comprised of subsidiary companies including Unifeeder, P&O Ferries and P&O Ferrymasters utilises a multimodal network of land and sea transport, focuses on optimising operations through advanced technologies and fostering industry partnerships to drive transformative change to reduce emissions.

Marine Services has outlined a comprehensive strategy to further reduce its carbon footprint, with a targeted 25% reduction by 2030. This includes:

· A 12% efficiency enhancement of its existing vessel fleet, through practices such as hull coating and hull cleaning,

· A 5% contribution from the introduction of biofuels, replacing fossil fuels,

· The introduction of roughly 20 new vessels to replace older, less efficient vessels, contributing 8% to the reduction goal.

Other key projects include Unifeeder’s long-term time-charter agreement for four methanol-capable container feeder vessels, and P&O Ferries’ hybrid-electric vessels, which are expected to increase efficiencies by 40%.

As global leaders gather in Dubai for COP28, public and private stakeholders are looking at the world’s largest companies to make measurable, tangible changes to their business practices that result in CO2 reductions. DP World’s wider decarbonisation target of becoming a carbon-neutral business by 2040 and net-zero by 2050.

Jesper Kristensen, Group Chief Operating Officer of DP World Marine Services, stressed the significance of the emissions reduction this year, stating, \"As a global leader in end-to-end logistics, it is our responsibility to find and implement sustainable ways of reducing our footprint, while we continue to keep communities around the world connected to global trade.”

“While we are also doing our part to explore alternative fuels, we must not forget to also focus on optimising our operational processes, harnessing advanced technologies, and implementing best practices across our fleet. By prioritising efficiency enhancements, we not only reduce our carbon footprint but also create new industry standards,” he added.

Through its active collaborations with organisations such as the Maersk McKinney Moller Center for Zero Carbon Shipping, IRENA and APMT, DP World Marine Services remains at the forefront of innovation and sustainability.

","pubDate":"Thu, 07 Dec 2023 09:36:34 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/e8b0bf5a-ab35-4b20-ac08-b63acba43d39/500_containersonunifeedervessel.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/e8b0bf5a-ab35-4b20-ac08-b63acba43d39/500_containersonunifeedervessel.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/e8b0bf5a-ab35-4b20-ac08-b63acba43d39/containersonunifeedervessel.jpg?10000","ppImageTitle":"Containers on unifeeder vessel"},{"title":"PIL and DP World to Jointly Develop Green Solutions for Global Supply Chains","link":"https://www.dpworld.com/news/pil-and-dp-world--to-jointly-develop-green-solutions-for-global-supply-chains/","guid":"https://www.dpworld.com/news/pil-and-dp-world--to-jointly-develop-green-solutions-for-global-supply-chains/","caseid":"613117","description":"

Pacific International Lines (PIL) and DP World have signed a Memorandum of Understanding (MOU) to jointly develop green solutions to decarbonise global supply chains.

The agreement pairs DP World, which handles around 10% of the world’s container trade, and PIL, a leading Singapore-based shipping company. By leveraging each other’s strengths and expertise, the companies can help to accelerate progress towards their common target of net zero GHG emissions.

It was signed by Mr Lars Kastrup, Chief Executive Officer, PIL and Mr Tiemen Meester, Group Chief Operating Officer, Ports & Terminals, DP World, at the UN Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE), conveying their commitment to combating climate change and the collective goal of achieving net zero greenhouse gas (GHG) emissions by 2050 or earlier.

In the near term, both parties will collaborate on trial shipments between Jebel Ali Port in Dubai and destinations within PIL’s network, with initiatives to reduce the shipments’ GHG footprint. This will include shipments on PIL’s vessels powered by a biofuel blend, biofuel bunkering, and deploying container handling equipment at terminals that run on renewable energy to handle the shipments.

Over the longer term, the companies will explore expanding this partnership to include other ports within DP World’s global network, and using other alternative fuels, such as e-LNG, green methanol or green ammonia in PIL’s vessel operations and bunkering.

Lars Kastrup, Chief Executive Officer, PIL said, “Supply chain resilience and sustainability is the bedrock of global trade growth. With the renewed commitment by the International Maritime Organisation (IMO) this year to take a significant step forward to decarbonise the shipping industry, we at PIL are responding actively to IMO’s call and working to invest in and implement green solutions to achieve our target of achieving net zero by 2050. In this regard, we are pleased to have DP World joining us on our sustainability journey. Capitalising on the combined strengths of our two organisations, we can both augment our sustainability efforts as we co-develop solutions to decarbonise our supply chains.”

Tiemen Meester, Group Chief Operating Officer, Ports & Terminals, DP World, said, “Decarbonisation is the single biggest concern for DP World outside the constraints and the physical movement of goods. So, we are transforming our business and the impact global trade has on the climate. We have already committed to becoming carbon-neutral by 2040 and achieving net-zero carbon emissions by 2050. But we must explore partnerships with companies that share our ambitions and technology to be deployed right now for quicker results.”

","pubDate":"Wed, 06 Dec 2023 13:52:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/8f7616e3-0d79-4d6e-a5b2-222d8b6aa49b/500_2023-12-06dpwandpil.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/8f7616e3-0d79-4d6e-a5b2-222d8b6aa49b/500_2023-12-06dpwandpil.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/8f7616e3-0d79-4d6e-a5b2-222d8b6aa49b/2023-12-06dpwandpil.jpg?10000","ppImageTitle":"2023_12_06 DPW AND PIL"},{"title":"DP World Enhances Trade Connectivity in Australia with New Brisbane Container Park","link":"https://www.dpworld.com/news/dp-world-enhances-trade-connectivity-in-australia-with-new-brisbane-container-park/","guid":"https://www.dpworld.com/news/dp-world-enhances-trade-connectivity-in-australia-with-new-brisbane-container-park/","caseid":"719187","summary":"

The state-of-the-art facility will drive greater connectivity and trade and support Queensland’s growth ambitions.
The container park will be the newest addition to DP World’s infrastructure in Brisbane, which includes the Fisherman’s Island Terminal and the Brisbane Multimodal Terminal.

","description":"

Brisbane, Queensland, 6 December 2023: DP World, the world’s leading smart logistics solutions provider, broke ground on the state-of-the-art Brisbane Container Park located at the Port of Brisbane on Fisherman Islands. This venture, with partners from the Port of Brisbane, logistics real estate specialist LOGOS and homegrown construction firm McNab, is part of DP World’s ongoing efforts to expand its logistics capabilities in Australia and support the movement of goods end-to-end, from factory floor to customer door.

Brisbane Container Park extends DP World’s Depot Service offerings already present in Sydney and Melbourne. Once fully operational, the 10.4 hectares container park will provide beneficial cargo owners and liners operating in Australia’s east coast a one-stop-shop solution for storing and handling full and empty containers. It will boast cutting-edge logistics technologies such as Australia’s first two High Empty Reefer Pre-Trip Facilities as well as MT Handlers capable of stacking up to eight containers.

Nicolaj Noes, Executive Vice President for Oceania, DP World, said, “DP World has long recognised the importance of the Port of Brisbane in driving economic growth in Queensland and Australia. The Brisbane Container Park is a major milestone in our progress as an end-to-end supply chain solutions provider, expanding our footprint in the city and exemplifying our commitment to the development of Brisbane and Queensland through trade. With this new facility, DP World will provide customers access to a holistic suite of supply chain services that can be tailored to their specific needs as they navigate a dynamic trade landscape and look to grow within Australia and beyond.”

Strategic Expansion to Match Growing Demand

Queensland’s strategic location on Australia’s eastern seaboard, strong business environment and skilled workforce have paved the way for the state cultivating a A$100 billion export economy, equivalent to over a fifth of the country’s exports[1]. The state government has outlined ambitions for growth in the Queensland Trade and Investment Strategy 2022-2032, which includes priorities to become an export-oriented state and foster more connections to international markets[2].

As one of Australia’s fastest growing container ports, the Port of Brisbane has played a significant part in Queensland’s development. The new container park, situated at the mouth of the Brisbane River will buttress the port’s capacity to respond to surging trade volumes in the city, including the rise in demand for commodities such as crude oil, refined oil, and cement.

Additionally, with Brisbane set to host the 2032 Summer Olympic Games, the eyes of the world are on the city, and the new container park signifies the promise of increased trade and investment opportunities that will benefit all Queenslanders.

Justin Sherlock, LOGOS’ General Manager of Development Queensland, said “LOGOS is proud to be partnering with DP World to deliver their 10.4 ha Brisbane Container Park facility. We have a strong track record in delivering container parks, warehousing and distribution facilities across the region and at the Port of Brisbane.”

DP World in Brisbane

The Fisherman’s Island Terminal offers stacking cranes, an advanced operating system and 900 metres of quayline. Customers have access to a full range of electronic business support, including electronic customs import release of cargo, electronic data interchange (EDI) reporting, and web-browser-based information services. Earlier in the year, the terminal welcomed the CMA CGM Pelleas, the longest container ship to ever dock in Brisbane.

Adjacent to the container terminal is the Brisbane Multimodal Terminal (BMT) with road and rail links to the city and the rest of the region. The dual-gauge rail link and location of the BMT make it possible to move large volumes of cargo into and out of the port by rail.

","pubDate":"Wed, 06 Dec 2023 06:46:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/aa1cb769-da1c-4946-b9cb-f8fd138b8b01/500_dpworldenhancestradeconnectivityinaustraliawithnewbrisbanecontainerpark.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/aa1cb769-da1c-4946-b9cb-f8fd138b8b01/500_dpworldenhancestradeconnectivityinaustraliawithnewbrisbanecontainerpark.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/aa1cb769-da1c-4946-b9cb-f8fd138b8b01/dpworldenhancestradeconnectivityinaustraliawithnewbrisbanecontainerpark.jpg?10000","ppImageTitle":"DP World Enhances Trade Connectivity in Australia with New Brisbane Container Park"},{"title":"APM Terminals and DP World launch Zero Emission Port Alliance at COP28","link":"https://www.dpworld.com/news/apm-terminals-and-dp-world-launch-zero-emission-port-alliance-at-cop28/","guid":"https://www.dpworld.com/news/apm-terminals-and-dp-world-launch-zero-emission-port-alliance-at-cop28/","caseid":"612941","subtitle":"Zero Emission Port Alliance’s mission is to make battery-electric container handling equipment affordable, accessible and attractive this decade through collective action, as a catalyst to zero-emission ports","description":"

APM Terminals and DP World today announced the formation of the Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition with the goal of accelerating the journey to zero emissions for container handling equipment (CHE) on ports. ZEPA membership is open to all industry participants, including terminal operators, OEMs, port authorities and government entities. The alliance will start its activities in early 2024.

During the session to announce the alliance at COP28, APM Terminals and DP World explained that ZEPA will work to increase industry-wide adoption of battery-electric CHE and catalyse further emissions reductions on ports. The focus on battery-electric container handling equipment (BE-CHE) is grounded in research published in a white paper in October 2023, commissioned jointly by APM Terminals and DP World. The findings show that it is possible for BE-CHE to become as or more competitive than diesel CHE as it becomes more affordable, attractive and accessible. The point where this happens can occur in the next 2-8 years, but only with focused collective action by the entire port ecosystem.
ZEPA’s work focuses on four key workstream objectives to overcome challenges in affordability and accessibility:

Encourage scaled up production capacity of BE-CHE by manufacturers & reduce product costs
Bring down the cost of batteries and charging solutions, simplify implementation and increase equipment interoperability
Ensure terminal operators and the grid infrastructure are ready for BE-CHE & shore power roll-out
Create better implementation conditions for zero-emission fleets and help accelerate the adoption of zero-emission CHE

ZEPA members will inform the work program and deliverables based on their practical experience and needs. Through their membership, companies will accelerate the availability of affordable BE-CHE and will benefit from advantages gained from having a seat at the table in this industry-wide collective action. ZEPA encourages all industry peers to review the findings of the white paper and to signify their interest in potential ZEPA membership by contacting zepalliance@systemiq.earth.

ZEPA is governed to work in compliance with antitrust/competition laws and to foster transparency about the process and progress of its activities. Key findings will be accessible to the whole industry, not just ZEPA members.

Speaking on the announcement, Jack Craig, Global Head of Technical, APM Terminals, said, “Our industry is in a strong position to drive real, meaningful change to decarbonise ports, and I believe the launch of the Zero Emission Port Alliance is a vital step in the right direction. It is apt for us to launch ZEPA at COP28 where so many significant conversations are taking place to achieve net zero. Today’s launch is a catalyst for collective decarbonisation action across the port industry and a signal to all our colleagues that we are serious about combatting climate change.”

Tiemen Meester, COO of Ports & Terminals, DP World, added, “Collective, industry-wide action is needed to achieve affordable and attractive battery-electric CHE that can be used globally. The Zero Emission Port Alliance is a results-driven coalition with a clear focus, set up to support and deliver tangible short-term action. I truly believe we are capable of driving the change needed to make port electrification happen. Whilst ZEPA is only at the beginning of the work it has set out to do, I’m confident in the dedication shown by the founding members, and the interest from other industry stakeholders. All involved in terminal operations must play their role in realising zero-emission ports.”

","pubDate":"Tue, 05 Dec 2023 09:22:46 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/df4e5465-d2d0-4fb4-880e-3bb2dc04eb85/500_eveningaerialviewprincerupertport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/df4e5465-d2d0-4fb4-880e-3bb2dc04eb85/500_eveningaerialviewprincerupertport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/df4e5465-d2d0-4fb4-880e-3bb2dc04eb85/eveningaerialviewprincerupertport.jpg?10000","ppImageTitle":"Evening aerial view Prince Rupert port"},{"title":"DP WORLD MAPS CLIMATE RESILIENCE PATH FOR GLOBAL PORTS & TERMINALS","link":"https://www.dpworld.com/news/dp-world-maps-climate-resilience-path-for-global-ports--terminals/","guid":"https://www.dpworld.com/news/dp-world-maps-climate-resilience-path-for-global-ports--terminals/","caseid":"612760","subtitle":"Pioneering study looks at risks to its global Ports and Terminals operation from 2022 to 2100","description":"

DP World has conducted a pioneering study assessing the impact of climate change on its global network of Ports and Terminals (P&Ts) through to the end of the century, as it urges other supply chain players to map their own climate resilience status.

In collaboration with climate analytics firm Jupiter Intelligence and consultants at Guidehouse, DP World’s study examined three climate scenarios (low to high carbon) and assessed the potential impact of six hazards – floods, rain, wind, heat, cold and hail -- across 50 ports and terminals around the world.

A whitepaper – Climate-Proofing the Supply Chain -- derived from the study underscores the importance of involving multiple stakeholders, including industry peers, governments, civil society, and local authorities, in addressing climate risks.

The study revealed that DP World’s current direct physical climate risk to its global P&T operations was minimal, less than 0.4% of its 2021 P&T revenue. The risk is expected to remain stable until around 2050 – just as many countries hope to reach their net carbon zero targets. Beyond 2050, particularly under a high-carbon scenario, a more complex picture emerges, with increased risks as rising sea levels, flooding and extreme heat pose greater challenges.

Although risks are projected to grow, even by the end of the century, the impact of downtime in ports & terminals is still relatively small. The study confirms DP World is well-prepared to address future challenges, with the ability to mitigate a range of climate threats in its ports and terminals, demonstrating a commitment to resilience and operational excellence.

DP World’s existing P&Ts have already been designed to withstand certain climate-related challenges. The company also takes climate into consideration during the design, master-planning and construction of new terminals or refurbishing existing terminals.

Armed with these new projections of climate impacts, DP World can now make better investment decisions, which will be critical for major projects such as the new 2.19 million TEU/year container terminal at Tuna Tekra in India. The data will help improve the understanding of a range of issues, from how high to build quay walls all the way down to how much additional electrical load will be required to handle the demand for air conditioning due to extreme heat episodes.

Tiemen Meester, Group Chief Operating Officer, Ports & Terminals, DP World, emphasized the importance of proactive risk identification, planning, and the need for industry-wide collaboration to enhance global trade's resilience.

\"Trade will be vital for the world’s continued economic success, so taking proactive steps today to evaluate and manage the risks associated with climate change is paramount. Advances in climate modelling can significantly enhance private sector involvement in building resilience, promoting a sustainable and strong future for global trade.

“Given the long-term nature of our industry, we strongly support adopting a forward-looking, data-driven approach to tackle upcoming challenges while also being mindful that it is our collective responsibility to ensure that the carbon scenario is kept to the lowest possible level,” Meester said.

Maha AlQatan, Group Chief Sustainability Officer, DP World, added: “As we decarbonise our operations and contribute to mitigating global temperature rise, we also understand the need to proactively prepare for climate risks that the trade sector may be susceptible to in the future. Our Global Asset Resilience Study offers a scalable first step to building collective resilience across the trade value chain, charting a path to mobilise considered, targeted and evidence-based action for climate adaptation.”

Andy Tam, Global Director of Energy Management, managed the DP World study and explained the insight gained.

\"This exercise revealed that while we stand strong in most of our operations, not all are equally resilient. Recognising potential risks now allows us ample time to proactively plan and implement mitigation and adaptation strategies, ensuring the continued success of our operations,” Tam said.

“More importantly, our proactive risk identification has helped to ensure long-term resilience, even in our most vulnerable locations. While similar studies are yet to be widely adopted across the supply chain, we are optimistic that our initiative will inspire industry-wide action, leading to a united, data-driven effort to enhance the resilience of global trade.”

Download the whitepaper here.

","pubDate":"Mon, 04 Dec 2023 07:01:02 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/df4e5465-d2d0-4fb4-880e-3bb2dc04eb85/500_eveningaerialviewprincerupertport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/df4e5465-d2d0-4fb4-880e-3bb2dc04eb85/500_eveningaerialviewprincerupertport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/df4e5465-d2d0-4fb4-880e-3bb2dc04eb85/eveningaerialviewprincerupertport.jpg?10000","ppImageTitle":"Evening aerial view Prince Rupert port"},{"title":"DP WORLD JOINS FIRST MOVERS COALITION TO DECARBONISE SHIPPING","link":"https://www.dpworld.com/news/dp-world-joins-first-movers-coalition-to-decarbonise-shipping/","guid":"https://www.dpworld.com/news/dp-world-joins-first-movers-coalition-to-decarbonise-shipping/","caseid":"612752","subtitle":"At least 5% of DP World’s short-sea shipping to be powered by zero-emission fuels by 2030 through hybrid-electric and methanol-enabled vessels","description":"

DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its 5% of its marine power will come from hybrid engines and zero-emission fuels by 2030, making clear its commitment to decarbonisation through the adoption of emerging technologies to accelerate a green and inclusive transition to a net zero future.

Led by the World Economic Forum and the US Government, the FMC is dedicated to addressing the decarbonisation challenges of seven hard-to-abate sectors -- aluminium, aviation, chemicals, concrete, shipping, steel and trucking -- which collectively contribute to 30% of global emissions. As a collective of leading industry players, the members work to aggregate their purchasing power, prompt more investments in zero-emission solutions and scale their production.

DP World has committed that by 2030 at least 5% of its short-sea shipping will be powered by zero-emission fuels, through the introduction of two hybrid-electric and five methanol-enabled vessels.

This year, P&O Ferries, part of DP World’s Marine Services arm, introduced the world’s first ferry designed with a hybrid diesel-electric power plant.

DP World expects its total demand for clean methanol to power the five vessels will be around 38,000 tonnes annually by 2030. Unifeeder Group, another part of DP World Marine Services, has already signed a long-term time-charter agreement for two new methanol-capable container feeder vessels, which will be deployed in Europe.

DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said: \"Joining the First Movers Coalition is a clear signal of our intent to tackle the climate impact of our operations, while maintaining the efficient flow of global trade. Electrification and alternative fuels are integral components of our sustainability strategy, playing a pivotal role in significantly reducing emissions in our business and tracking towards our ambitions to be carbon neutral by 2040 and net zero by 2050. Driving demand for new fuels and technology will be key to creating an efficient market that works for everyone.\"

Group Chief Operating Officer, Marine Services at DP World, Jesper Kristensen, added: \"Decarbonisation is a core focus for DP World, and as part of the First Movers Coalition, we're able to work collectively with like-minded organisations to actively drive positive change. The entire supply chain, from producers to distributors to shipping companies, must come together to facilitate the decarbonisation transition – this is because the ambition to drive this change can only happen when all players of the supply chain move from commitment to action together.”

Members of the Coalition commit to developing or implementing a percentage of near-zero or zero-carbon solutions, despite the associated premium costs. Building early market demand for these solutions by 2030 will be critical to scaling to mainstream adoption across carbon-intensive sectors. This collective commitment by global companies is designed to create a market tipping point, advancing the affordability of clean technologies and catalysing a long-term, net zero transformation across industrial value chains.

The FMC currently has more than 90 members, whose commitments will represent an annual demand of $15 billion for emerging climate technologies and 29 million tonnes of CO2 equivalent in annual emissions reductions by 2030.

For more information on the First Movers Coalition, please visit: https://initiatives.weforum.org/first-movers-coalition/home

","pubDate":"Sat, 02 Dec 2023 12:21:05 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/e8b0bf5a-ab35-4b20-ac08-b63acba43d39/500_containersonunifeedervessel.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/e8b0bf5a-ab35-4b20-ac08-b63acba43d39/500_containersonunifeedervessel.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/e8b0bf5a-ab35-4b20-ac08-b63acba43d39/containersonunifeedervessel.jpg?10000","ppImageTitle":"Containers on unifeeder vessel"},{"title":"DP WORLD AND RSA COLD CHAIN JOIN FORCES FOR CUTTING-EDGE COLD CHAIN LOGISTICS HUB IN JEBEL ALI","link":"https://www.dpworld.com/news/dpworld-and-rsa-coldchain-join-forces-for-cutting-edge-logistics-hub-in-jebel-ali/","guid":"https://www.dpworld.com/news/dpworld-and-rsa-coldchain-join-forces-for-cutting-edge-logistics-hub-in-jebel-ali/","caseid":"612509","description":"

RSA Cold Chain has signed a lease agreement with DP World to develop a new state-of-the-art cold chain facility at the flagship trade and logistics hub of Jebel Ali.

RSA Cold Chain is a joint venture of Dubai-based supply chain company, RSA Global and Americold, which is based in Atlanta, US, a leader in temperature-controlled warehousing and logistics.

This new facility will be designed, built, and operated by RSA Cold Chain on a 100,000-sqm plot in the Jebel Ali Free Zone (Jafza). The facility will bring 40,000 new pallet positions to the port area while providing multi-temperature capabilities, both bonded and non-bonded solutions, and connectivity to DP World’s best-in-class logistics solutions.

Construction of the new facility is set to begin in early 2024 with completion expected by Q1 of 2025.

The development will combine RSA Cold Chain’s temperature-controlled infrastructure and operational expertise with DP World’s extensive port facilities and market reach to optimise temperature-sensitive food flows in and out of the Middle East.

Abdullah Bin Damithan, CEO and Managing Director of DP World GCC, said: “As a global leader in end-to-end supply chain solutions, DP World is always looking for ways to innovate and expand its logistics capabilities. We are delighted to partner with Americold and RSA Global to provide our customers with best-in-class temperature-controlled solutions for perishable goods, strengthening the resilience of the F&B industry in the UAE and the Middle East.”

Abhishek Shah, CEO of RSA Cold Chain, said: “Our initial collaboration with Americold laid the foundation for our expansion and reinforced our commitment to providing world-class cold chain solutions. Today, joining forces with DP World elevates our capabilities to serve the industry and extend our regional specialisation and reach to reshape the food distribution landscape in the region. With the support of logistics leaders Americold and DP World, we are set to unlock exciting opportunities in the Middle East.”

George Chappelle, CEO of Americold, said: “Americold is committed to investing in new and innovative long-term solutions that optimise the cold chain from production to consumption. This partnership with DP World provides unique synergies that create significant value for both local and global customers. We’re excited to bring this vision to life in Dubai with the first of many developments together.”

Abdulla Al Hashmi, Chief Operating Officer Parks & Zones, DP World GCC, said: “Our world-class infrastructure at Jebel Ali Port and Jafza, coupled with our global connectivity, provides the ideal platform to import, process and distribute food to the region. We are looking forward to breaking ground on this project which will bring key players in the food sector together and enhance national and regional food security.”

Expanding Cold Chain Ambitions

Subsequent phases of development for RSA Cold Chain will nearly double its network capacity to 70,000 pallet positions. The strategic location of this new facility will provide easy access to high-growth markets, serving both local and international distribution needs. Jafza has a highly developed F&B ecosystem which is designed to meet the dynamic requirements of the food industry and sectors such as retail and grocery, quick commerce, quick service restaurants, poultry and seafood, among many others.

The new cold chain platform is designed to provide world-class solutions that optimise the regional supply chain from farm to fork, minimise waste and lower costs, while serving as a cost-effective solution for businesses aiming to operate and cater to customers in the region.

In 2022, DP World and Americold signed a partnership agreement to invest in a more resilient, efficient, and sustainable global food supply chain. The combination of Americold’s global temperature-controlled infrastructure and strategic customer relationships with DP World’s global port infrastructure and end-to-end logistics solutions will result in unprecedented optimisation of global food flows.

Notes:

Each pallet position represents a standard space in a warehouse designated for a single pallet of goods.
A bonded solution is where imported goods can be stored exempt from duties or customs fees. This is to facilitate international trade by providing temporary storage for goods in transit.
A non-bonded solution is where goods are ready for domestic distribution and the duties or customs fees have been paid. These solutions cater to domestic sales.

","pubDate":"Thu, 30 Nov 2023 10:17:34 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/08a70c3f-2889-4ebe-a26a-fd51c74ba044/500_fromleftgeorgechappelleceoamericoldabhishekajayshahceorsacoldchainabdullaalhashmicooparksampzonesdp.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/08a70c3f-2889-4ebe-a26a-fd51c74ba044/500_fromleftgeorgechappelleceoamericoldabhishekajayshahceorsacoldchainabdullaalhashmicooparksampzonesdp.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/08a70c3f-2889-4ebe-a26a-fd51c74ba044/fromleftgeorgechappelleceoamericoldabhishekajayshahceorsacoldchainabdullaalhashmicooparksampzonesdp.jpeg?10000","ppImageTitle":"(From left) George Chappelle, CEO, Americold, Abhishek Ajay Shah, CEO, RSA Cold Chain, Abdulla Al Hashmi, COO, Parks & Zones, DP"},{"title":"INDUSTRY FORESEES ENHANCED RESILIENCE IN SUPPLY CHAINS OVER THE NEXT FIVE YEARS","link":"https://www.dpworld.com/news/industry-foresees-enhanced-resilience-in-supply-chains-over-the-next-five-years/","guid":"https://www.dpworld.com/news/industry-foresees-enhanced-resilience-in-supply-chains-over-the-next-five-years/","caseid":"606685","subtitle":"63% of freight forwarders are ‘very optimistic’ about creating resilient supply chains in the next five years.","description":"

The Global Freight Summit kicked off in Dubai on November 15, 2023, drawing in more than 4,000 participants from across the world to address the industry’s challenges, as new research by DP World, a leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe, points to a new sense of optimism about creating more resilient supply chains in the coming years.

Despite acknowledging challenges from geopolitical uncertainties, communication gaps, and heightened competition, more than 60% of freight forwarders said they were ‘very optimistic’ as we approach 2024. The survey canvassed the opinions of dozens of freight forwarders, shedding light on their collective outlook on overcoming hurdles.

This year’s Summit was inaugurated by His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai. It was attended by speakers and distinguished guests including Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, H.E. Helal Saeed Al Marri, Director General, Dubai Department of Economy and Tourism, Steve Wozniak, co-founder Apple Computer Inc., JB Straubel, CEO, Redwood Materials & Co-Founder, Tesla Motors, and many more.

The survey underscores the need for greater collaboration throughout the supply chain to boost efficiency, a sentiment shared by 40% of respondents. Additional key factors for resilience include reducing regulation (15%), embracing new technologies (12%), and a heightened focus on Electric Vehicles and last-mile delivery (10%).

Notably, the research showed 34% of respondents believe the majority of the supply chain is already digitalised, with 31% saying they have achieved full digitalisation. The role of technology was highlighted as a crucial enabler for more efficient supply chains, which is critical to future-proofing the industry.

Delving into broader industry concerns, the survey looked at the importance of supporting small to medium sized enterprises (SMEs) in the face of the current $2.5 trillion trade finance gap. For 26% of freight forwarders, improving access to trade finance is key to helping SMEs expand internationally, alongside the need to improve technological literacy (14%).

When it comes to operating sustainably, 59% of freight forwarders surveyed are actively exploring alternative modes of transport or offering emissions tracking tools to their clients.

The research coincided with the second edition of the three-day Global Freight Summit, themed ‘Making the future supply chain a reality’. Over the course of the two-day Summit, participants will hear insights from industry leaders, discussing actionable strategies to address the biggest challenges. It builds on the success of the inaugural event in 2022, which attracted over 1,500 visitors and participants from more than 155 countries.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “We are operating in an era of uncertainty, so the global supply chain industry must come together to build a more resilient future. Technology dictates how the world does business, so innovation will be vital to ensuring the seamless movement of goods around the globe. Amidst geopolitical uncertainties, heightened competition, regionalisation and rising inflation, the logistics sector must create new tools and solutions to navigate these economic headwinds. Strategic investments in technology, infrastructure, and pioneering new trade routes are essential for realizing a future supply chain that can overcome today's challenges.\"

Mike Bhaskaran, Group Chief Operating Officer of Digital Technology, DP World: “We are delighted to open the second annual Global Freight Summit here at the Coca-Cola Arena here in the heart of Dubai, welcoming our colleagues from the wider global trade community. In a new trade and logistics reality rich with opportunities for innovation, we’re incredibly excited to convene our peers across the industry to share best practices and insights on how to make the future supply chain a reality. We look forward to welcoming our esteemed guests and partners to this landmark event.”

About Global Freight Summit:
The Global Freight Summit is DP World’s vision to create a platform to convene the influential minds from the international freight forwarding and supply chain communities. An event that brings industry leaders and the global freight community together to discuss the pressing challenges and issues keeping them awake at night. This November DP World will again convene the international freight forwarding and supply chain communities. Under the theme ‘Making the future supply chain a reality’, the summit explores how all industry stakeholders can take action together to build solutions to the major challenges faced by the sector.

","pubDate":"Wed, 29 Nov 2023 15:44:08 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/3c64eb8f-f2b1-428d-a4d5-aa5037996ee4/500_-dsc2083.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/3c64eb8f-f2b1-428d-a4d5-aa5037996ee4/500_-dsc2083.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/3c64eb8f-f2b1-428d-a4d5-aa5037996ee4/-dsc2083.jpg?10000","ppImageTitle":"_DSC2083"},{"title":"DP World Slashes Carbon Emissions in UAE by Accessing Renewable Energy","link":"https://www.dpworld.com/news/dp-world-slashes-carbon-emissions-in-uae-by-accessing-renewable-energy/","guid":"https://www.dpworld.com/news/dp-world-slashes-carbon-emissions-in-uae-by-accessing-renewable-energy/","caseid":"607777","subtitle":"Achieved a 47% reduction of carbon emissions in the UAE by renewable energy certificates supplied by DEWA","description":"

DP World has cuts carbon emissions from its UAE operations by nearly 50% this year by accessing renewably produced power from the Dubai Electricity and Water Authority (DEWA).

DEWA has issued more than 200,000 International Renewable Energy Certificates (I-RECs) to DP World so far this year. These guarantee that the electricity consumed is generated from renewable sources, with each equivalent to 1 megawatt-hour of electricity.

I-RECs from DEWA are generated by the Mohammed bin Rashid Al Maktoum Solar Park. These power DP World’s UAE operations which include Jebel Ali Port, Jebel Ali Free Zone (JAFZA) and Drydocks World. Today, these are all 100% powered by renewables. The switch this year puts DP World well ahead of the UAE’s country wide target to reduce carbon emissions by 42% by 2030.

Maha AlQattan, DP World’s Group Sustainability Officer, said: “We are committed to supporting and progressing the global climate change agenda, by investing in zero carbon technology, implementing responsible business practices, and working with the right partners to achieve this.

“We regularly take stock of our impact and aim to reduce our carbon footprint and improve the sustainability of our operations. Renewable energy supply is part of our wider strategy to decarbonise our operations, and I am proud that over 60% of electricity consumed by DP World globally comes from renewable sources. We remain steadfast upon our decarbonisation strategy and look forward to sharing more milestones in the years to come.”

Decarbonisation is a core focus for DP World, a leading provider of global end-to-end supply chain solutions. The business has already committed to becoming carbon neutral by 2040 and net zero by 2050, in line with the UAE’s 2050 net zero initiative.

Among its global initiatives, DP World has reduced its carbon emissions by electrifying its terminals in Rotterdam and Jebel Ali, alongside pioneering the use of biodiesel in its Southampton port in the UK, which recently recorded its greenest-ever year on record. Recently, the company announced that it cut global carbon emissions by 5 per cent in 2022, with a 4 per cent reduction in energy consumption.

At COP 27 last year, DP World announced that it had joined the Green Shipping Challenge and committed to investing up to $500 million to cut CO2 emissions by nearly 700,000 tonnes over the next five years. The business has also entered a strategic partnership with the Maersk McKinney Moller Center for Zero Carbon Shipping and joined the UN Global Compact’s Think Lab on Just Transition.

","pubDate":"Mon, 27 Nov 2023 06:03:52 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/b81e9b05-18da-4c58-ab4b-02f7c0a0069e/500_solarpanels.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/b81e9b05-18da-4c58-ab4b-02f7c0a0069e/500_solarpanels.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/b81e9b05-18da-4c58-ab4b-02f7c0a0069e/solarpanels.jpg?10000","ppImageTitle":"Solar panels"},{"title":"DP WORLD AND IRENA PARTNER TO DECARBONISE PORTS, MARITIME & LOGISTICS SECTORS","link":"https://www.dpworld.com/news/dp-world-and-irena-partner-to-decarbonise-ports-maritime--logistics-sectors/","guid":"https://www.dpworld.com/news/dp-world-and-irena-partner-to-decarbonise-ports-maritime--logistics-sectors/","caseid":"612405","description":"

DP World and the International Renewable Energy Agency (IRENA) signed a cooperation agreement in November 2023 to accelerate the use of renewable energy and cut emissions from the ports and maritime logistics sector.

Signed by IRENA Director General Francesco La Camera and DP World Group Chairman and CEO Sultan Ahmed bin Sulayem, the agreement focuses on identifying and implementing decarbonisation solutions across the sector.

\"We are honoured to partner with IRENA in this transformative journey towards a shared global vision of renewable energy powering the supply chain. DP World is working to shape the future of trade, building resilience and sustainability at every stage. We will leverage our extensive reach and influence to convene the supply chain industry, fostering solutions that resonate not only within our operations but across borders, ensuring a sustainable flow of trade worldwide. Together, we will drive meaningful change and set new standards for a greener future,\" said Sultan Ahmed Bin Sulayem.

“In our race to accelerate a renewables-based energy transition, the maritime sector remains one of the most challenging industries to decarbonise. DP World’s innovative use of smart electrification is spearheading the sector’s shift towards renewables and improvements in energy efficiency across ports and maritime logistics operations. Our partnership with DP World is a ground-breaking step towards accelerating effective and innovative renewables-based energy solutions,” Franceso La Camera added.

IRENA is an intergovernmental agency that promotes the widespread adoption and sustainable use of all forms of renewable energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity.

Both IRENA and DP World will share their insights on initiatives at the United Nations Climate Change Conference (COP28) starting later this month. DP World will advocate for more urgent climate action, leveraging its scale and influence to bring together the supply chain industry to develop impactful long-term solutions, while ensuring continued trade flow worldwide.

DP World has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050. At COP 27 last year, the business announced that it had joined the Green Shipping Challenge and committed to investing up to $500 million to cut CO2 emissions by nearly 700,000 tonnes over the next five years.

Its long-term strategy involves electrifying operations; pioneering low carbon fuel use; and exploring other cutting-edge solutions, such as carbon-neutral synthetic natural gas. DP World has also partnered with the Maersk McKinney Moller Center for Zero Carbon Shipping and joined the UN Global Compact’s Think Lab on Just Transition.

Progress is already being made. Global carbon emissions were down by 5% in 2022, with a 4% reduction in energy consumption. At terminals in Rotterdam and Jebel Ali, this was achieved by electrifying equipment, alongside pioneering the use of low carbon Hydrotreated Vegetable Oil (HVO) at Southampton port in the UK, which recently recorded its greenest-ever year on record.

Carbon emissions from its UAE operations have also been cut by nearly 50% this year, the Jebel Ali port where electricity now comes 100% from renewable sources provided by the local utility provider. This includes all the vertical stacking equipment at Terminal-4, which have been switched to fully electric. Moving to renewable power has put DP World well ahead of the UAE’s country wide target to reduce carbon emissions by 42% by 2030.

For more information on DP World’s sustainability strategy, please visit:
https://www.dpworld.com/sustainability

","pubDate":"Sun, 26 Nov 2023 16:08:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/feb94377-ad81-4af5-aeeb-ef4fcf0dd3f3/500_dsc02072.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/feb94377-ad81-4af5-aeeb-ef4fcf0dd3f3/500_dsc02072.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/feb94377-ad81-4af5-aeeb-ef4fcf0dd3f3/dsc02072.jpg?10000","ppImageTitle":"DSC02072"},{"title":"APM Terminals and DP World spearhead roadmap for accelerating electrification of port operations in bid for net-zero","link":"https://www.dpworld.com/news/apmterminals-and-dpworld-spearhead-accelerating-electrification-of-port-operations/","guid":"https://www.dpworld.com/news/apmterminals-and-dpworld-spearhead-accelerating-electrification-of-port-operations/","caseid":"602614","description":"

APM Terminals and DP World today announce an initiative to accelerate decarbonisation of the world’s terminals through the widespread electrification of container handling equipment (CHE). The initiative is grounded in research showing the tipping point for battery-electric CHE can be reached within the next 2-8 years with the right actions from industry stakeholders.

The research findings and roadmap for electrification of CHE are the subject of an industry White Paper, currently endorsed by Eurogate, Port of Kalundborg, and Smart Freight Centre.

CHE is a critical enabler of port operations and is used to move containers on and off ships across the world’s 940 container ports[1]. In 2020, the global fleet of CHE enabled the transportation of 815 million TEUs[2], with a total value of USD 8.1 trillion[3]. Estimated at 100,000-120,000 units, the global CHE fleet is responsible for 10-15 million tonnes of carbon dioxide per annum (scope 1 and scope 2).

Research has found that the challenges hampering the uptake of battery-electric CHE can be mostly overcome. An inflection point for battery-electric CHE to replace diesel CHE as the more affordable, attractive and accessible option can occur in the next 2-8 years, provided that industry stakeholders take action now. The White Paper identifies key levers and related actions that can be taken by the players across the value chain including terminal operators, OEM’s, port authorities, affiliated government entities and shipping line operators.

“Let me be clear: we need to accelerate our work in decarbonisation, and we need to do it now. I am happy to say the research we conducted through Systemiq and ZEnMo strongly backs that a tipping point for the electrification for [CHE] is within reach in this decade. We are now calling for action for the entire port ecosystem to accelerate towards this milestone. It is important for us to stand together, take concrete action with several industry partners for this to happen”, says Keith Svendsen, CEO of APM Terminals.

\"Battery-electric equipment in ports is a realistic, achievable and affordable way to dramatically reduce carbon emissions. Throughout my career I've seen many industry players talk about various methods for achieving net-zero, but I've never been so convinced by one tactic's ability to accelerate decarbonisation. It is my sincere hope that the findings in the White Paper can be used by the entire industry to galvanise real change with electric CHEs\", says Tiemen Meester, COO of Ports & Terminals, DP World.

The research mentioned provides for a number of actions that can be taken to reach a tipping point, including making zero-emission operation a requirement as part of new concessions in ports, and terminal operators and equipment manufacturers working together to scale up demand. Furthermore, suppliers can work on further developing their supply chains and standardising certain components, with the support of terminal operators.

“Essentially, what we want is to provide a healthier, cleaner, and more efficient workplace for the thousands working at the terminals and living in the communities around them. And while electrification of of the container handling equipment is one piece of the puzzle, we believe it is one piece that can be addressed relatively easier and faster than others if we work together and avoid unnecessary complexity”, says Sahar Rashidbeigi, Global Head of Decarbonisation at APM Terminals.

APM Terminals and DP World encourage industry peers to review the research and support its goals. As a next step, the partners are preparing to mobilise industry-wide collaboration around CHE electrification and zero-emission port operations.

[1] Source: UNCTAD (2020), Ports in the global liner shipping network: Understanding their position, connectivity, and changes over time, Link

[2] Source: UNCTAD (2021), Review of Maritime Transport, Link

[3] Source: Port Economics, Management and Policy (2020), Value of Containerized Trade, Link

","pubDate":"Thu, 26 Oct 2023 11:37:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9da7dc2e-9d6e-4e63-840c-d666fcb983b7/500_portoperations1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/9da7dc2e-9d6e-4e63-840c-d666fcb983b7/500_portoperations1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9da7dc2e-9d6e-4e63-840c-d666fcb983b7/portoperations1.jpg?10000","ppImageTitle":"Port operations (1)"},{"title":"DP WORLD SIGNS 30-YEAR CONCESSION TO OPERATE MULTI-PURPOSE DAR ES SALAAM PORT IN TANZANIA","link":"https://www.dpworld.com/news/dp-world-signs-30-year-concession-to-operate-multi-purpose-dar-es-salaam-port-in-tanzania/","guid":"https://www.dpworld.com/news/dp-world-signs-30-year-concession-to-operate-multi-purpose-dar-es-salaam-port-in-tanzania/","caseid":"602064","description":"

DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernise the multi-purpose Dar es Salaam Port, connecting Tanzania and the wider region to global markets.

The concession agreement was signed today between Mr Plasduce Mkeli Mbossa, Director General of the TPA and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, in the presence of H.E. Samia Suluhu Hassan, President of the United Republic of Tanzania.

The concession to operate and modernise the Dar es Salaam Port was awarded to DP World with the primary objective of optimising the Port’s operations to improve transport and logistics services throughout Tanzania and its hinterland. This is the first phase of a multi-phase investment plan. DP World will initially invest more than $250 million to upgrade the port and the investment could increase to $1 billion during the concession period, alongside hinterland logistics projects. This investment will have a positive impact for Tanzania’s socioeconomic development, in terms of job creation and increased access to products and services, among other benefits.

The Port will connect to the hinterland of sub-Saharan Africa through a network of roads, highways, railways and dedicated freight corridors and ports, supporting the growing demand for logistics solutions across the continent and connecting businesses in the region to global markets.

The Port has greatly benefitted from recent investments made by the Government of Tanzania to improve its infrastructure. DP World will work with the TPA alongside the Port’s existing stakeholders to build on this progress to allow faster cargo clearing and improved cargo planning – strengthening Dar es Salaam’s critical role as the maritime gateway for green energy metals from the copper belt in Southern-Central Africa. Improved efficiency will attract more shipping lines and bigger ships into Dar es Salaam, which will ultimately lead to lower ocean freight costs for Tanzanian importers and exporters.

DP World will make future investments in modernising the Port, including potential investments in temperature-controlled storage to enhance Tanzania’s agricultural sector, as well as greater connections to rail-linked logistics. Investments will also potentially include the future development of a special economic zone together with the broader Port’s logistics sector, which will increase Tanzania’s role and influence on the future of global trade.

Speaking on the occasion, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are honoured to partner with the Government of Tanzania to revitalise the port of Dar es Salaam. This is in line with Tanzania’s strategic development plans and is testament of the visionary leadership of H.E. Samia Suluhu Hassan. The development will deliver trade opportunities for the region, connecting East Africa and broader sub-Saharan Africa with global markets, driving economic growth, job creation, enhanced access to products and service, and creating value for all our stakeholders. Alongside other ports that we operate, this concession agreement marks another milestone in our collective efforts to leverage DP World’s global and local expertise to enhance the region’s supply chain to support the economic growth of the entire continent”.

H.E. Professor Makame Mbarawa, Tanzania’s the Minister of Transport said, “The signing of the concession agreement between the Government of Tanzania and DP World is a momentous event indeed, as it marks yet another significant breakthrough in building best-in-class infrastructure in Tanzania under the Public-Private Partnership model. With DP World's expertise the port will play an important role supporting the creation of direct and indirect employment in various sectors such as transportation, distribution and supply chain. Importantly, the Tanzania Ports Authority will be a shareholder of the port concessionaire, and there will be no job losses for employees at the port authority”.

Mr Plasduce Mkeli Mbossa, Director General of Tanzania Ports Authority added: “We are excited to collaborate with DP World to modernise the strategic port in Dar es Salaam. This project will create significant value for end-users and help the government achieve its goal of reducing logistics costs. This strategic initiative is a testament to our ability to drive large-scale infrastructure development by partnering with strategic players, which will allow the government to redirect funds to other critical areas of the economy for the benefit of the people of Tanzania.”

DP World continues to make significant investments to realise its Africa strategy and growth ambitions, which aim to boost economic growth and uplift local communities and businesses through enabling trade and connecting markets to the global trade ecosystem.

","pubDate":"Sun, 22 Oct 2023 14:49:59 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/abf2d761-58b8-482a-bc74-a29740db8be0/500_203a1003.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/abf2d761-58b8-482a-bc74-a29740db8be0/500_203a1003.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/abf2d761-58b8-482a-bc74-a29740db8be0/203a1003.jpg?10000","ppImageTitle":"203A1003"},{"title":"DP WORLD EXPANDS AUTOMOTIVE LOGISTICS EXPERTISE WITH ACQUISITION OF CFR RINKENS","link":"https://www.dpworld.com/news/dpworld-expands-automotive-logistics-with-acquisition-of-cfr-rinkens/","guid":"https://www.dpworld.com/news/dpworld-expands-automotive-logistics-with-acquisition-of-cfr-rinkens/","caseid":"601800","description":"

DP World, a global leader in supply chain solutions has reinforced its commitment to the global automotive industry with the acquisition of CFR Rinkens, a specialized logistics service provider headquartered in Long Beach, California.

The acquisition of CFR Rinkens represents a strategic move to enhance its capabilities in delivering precisely tailored solutions to its automotive clients. DP World already transports one in every ten new cars worldwide, and this acquisition brings new dimensions to the company's comprehensive suite of services.

CFR Rinkens, with its specialized expertise, provides invaluable proficiency in containerized finished vehicles, semi-knock-down vehicle logistics, and innovative racking systems. This additional depth of knowledge is set to fortify DP World's position as a trusted partner for automotive clients, supporting them through the industry's transition to electric vehicles and the global evolution towards sustainable energy solutions.

What’s more, CFR Rinkens brings its wealth of experience in delivering tailored logistics solutions to the emerging energy storage and battery life cycle industries. The acquisition fortifies DP World’s ability to customise its offerings to meet the evolving needs of its clients.

Beat Simon, Global Chief Commercial Officer, Logistics at DP World, said: “We are thrilled to welcome CFR Rinkens into the DP World family as we continue to deliver our strategy to provide innovative end-to-end logistics services to our clients. Our combined capabilities will empower our automotive clients to navigate the challenges presented by the industry’s shift to electric vehicles and the emerging green energy revolution.”

Christoph Seitz, CEO of CFR Rinkens, shared his excitement at the acquisition and said: “We look forward to joining forces with DP World and foresee substantial growth opportunities ahead through their extensive global terminal and logistics network. Our shared vision revolves around redefining customer experiences by streamlining operations and introducing innovative solutions. We are confident that integrating with DP World will empower us to expand into new markets and elevate our service offerings, ensuring unparalleled value for our clients.”

With advanced technology and extensive global logistics network, DP World is transforming the automotive industry. Handling over 10% of global automotive trade and collaborating with top manufacturers, DP World leverages its interconnected network of ‘roll-on-roll-off’ (Ro-Ro) ports, sea vessels, warehouses, and freight forwarders to efficiently transport finished vehicles to global markets.

Boasting 16 Ro-Ro terminals, shipping over 30,000 cars in containers annually, and offering storage solutions for over 1 million cars, DP World’s strategic sites handle 2 million car equivalent units each year, while also providing value-added services for dealer-ready vehicles.

The financial advisory services for CFR Rinkens in this transaction are provided by Cascadia, while Rutan & Tucker serves as the legal advisor. The specific terms of the deal have not been disclosed, and the arrangement remains subject to standard and customary approvals.

","pubDate":"Thu, 19 Oct 2023 11:17:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/121151c8-468d-41f0-b2b8-482e2d32df9c/500_cars.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/121151c8-468d-41f0-b2b8-482e2d32df9c/500_cars.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/121151c8-468d-41f0-b2b8-482e2d32df9c/cars.jpg?10000","ppImageTitle":"Cars","ppImageDescription":"Cars parked on commercial dock"},{"title":"DP World and Standard Bank conclude US$ 365.1 million facility agreement to drive logistics and market access expansion across sub-Saharan Africa","link":"https://www.dpworld.com/news/dp-world-and-standard-bank-conclude-us-3651-million-facility-agreement/","guid":"https://www.dpworld.com/news/dp-world-and-standard-bank-conclude-us-3651-million-facility-agreement/","caseid":"601453","description":"

DP World has extended its long-standing partnership with leading pan-African bank, Standard Bank, by concluding a US$365.1 million facility agreement to support its logistics and market access expansion across the sub-Saharan (SSA) region.

The agreement gives DP World access to a multi-product, multi-jurisdiction, and multi-currency facility (MCF), designed to support its general banking and term-funding requirements – across all SSA markets where DP World and Standard Bank have an overlapping presence.

Mohammed Akoojee, CEO & MD for SSA at DP World, said: “We are confident that this facility, which is regarded as market leading on the African continent, will be a game-changer for our logistics and market access growth ambitions in SSA”, “We have once again chosen to partner with Standard Bank – a proudly African brand – due to the Bank’s ability to provide seamless access to liquidity and financing solutions across the continent, which aligns with DP World’s ambition of driving more efficient and sustainable trade across the region.”

DP World has a long-standing relationship with Standard Bank and this partnership complements its ongoing investment and development across the continent. In May this year, DP World announced its trade finance partnership with Standard Bank to help close the gap in unmet demand for working capital on the continent by providing African companies that are looking for trade finance with the ability to seamlessly access working capital from Standard Bank via the DP World Trade Finance platform.

Says Kenny Fihla, CEO, CIB Standard Bank: “We are proud to be the coordinators and lenders of this market-leading facility, which demonstrates our commitment and our strength in Africa. The MCF facility is split between our transactional banking and investment banking products, with US$150 million allocated to a general banking MCF, which will consist of working capital, trade finance, documentary credit and other general banking solutions and US$215.1 million allocated to term debt financing.”

","pubDate":"Tue, 17 Oct 2023 09:10:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/91e2a4aa-31ad-4614-992d-b6df2521d567/500_ongoingoperationsatthelogisticscenter-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/91e2a4aa-31ad-4614-992d-b6df2521d567/500_ongoingoperationsatthelogisticscenter-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/91e2a4aa-31ad-4614-992d-b6df2521d567/ongoingoperationsatthelogisticscenter-2.jpg?10000","ppImageTitle":"Ongoing operations at the logistics center"},{"title":"DP WORLD RAISES $1.5BN GREEN SUKUK TO SUPPORT SUSTAINABILITY AMBITIONS","link":"https://www.dpworld.com/news/dp-world-raises-15bn-green-sukuk-to-support-sustainability-ambitions/","guid":"https://www.dpworld.com/news/dp-world-raises-15bn-green-sukuk-to-support-sustainability-ambitions/","caseid":"596103","subtitle":"Funds will support the Group’s commitment to sustainability projects across its global operations","description":"

DP World has reaffirmed its commitment to sustainable operations by raising USD 1.5 billion through a Green Sukuk to support its global decarbonisation efforts. The Sukuk, which was oversubscribed 2.3x due to strong demand from local, regional and international investors, is listed on both Nasdaq Dubai and the London Stock Exchange.

The proceeds from the Sukuk will be earmarked for eligible green projects in line with DP World’s recently published Sustainable Finance Framework. Current projects cut across electrification, renewable energy, clean transportation and energy efficiency.

Priced at a spread of 119.8 bps above US treasuries with a 5.5% coupon rate, DP World’s Sukuk achieved one of the tightest spreads for a BBB+ rated corporate globally.

The strength of demand for the Sukuk was supported by robust credit ratings -- Moody’s (Baa2/Stable) and Fitch (BBB+/Stable) -- as well as a strong ESG ratings from Sustainalytics (“Negligible risk”), CDP (A- Leadership) and MSCI (B).

DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said: “We aspire to lead global trade into a more resilient, efficient, and sustainable future for our customers and their customers. That’s why we are acting with scale and ambition, using our hands-on expertise to reshape trade for the better. The price we achieved for this Green Sukuk is phenomenal and represents the confidence investors have in DP World as a company and our commitment to sustainability.”

Yuvraj Narayan, Group Deputy Chief Executive and Chief Financial Officer, added: “Our Green Sukuk amplifies our commitment to placing sustainability at the heart of everything we do, ensuring that we are able to create real societal and economic change. Through this issuance we are able to further align our sustainability strategy, and decarbonisation efforts with the Group’s financing strategy.”

DP World’s current portfolio of green and sustainable assets is spread throughout the globe and runs through various elements of its diverse multi-functional business, all of which aim to make trade flow sustainably throughout the world.

Within Clean Transportation, we have included electrified freight transportation and hybrid vessels. Our electrified equipment is testament to our mature and strong decarbonisation programme. The Group also boasts a number of green buildings within its portfolio that meet internationally recognised green certification building standards, such as BREEAM and LEED.

Decarbonisation is a core focus for DP World, and the business has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050.

","pubDate":"Thu, 12 Oct 2023 12:07:04 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/1062e1b9-e359-4e6b-b5f9-1980f24b9175/500_saigonpremiercontainerterminalspct.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/1062e1b9-e359-4e6b-b5f9-1980f24b9175/500_saigonpremiercontainerterminalspct.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/1062e1b9-e359-4e6b-b5f9-1980f24b9175/saigonpremiercontainerterminalspct.jpg?10000","ppImageTitle":"Saigon Premier Container Terminal ( SPCT)"},{"title":"DP World, ICC and Sachin Tendulkar join forces by launching a global initiative to make cricket possible","link":"https://www.dpworld.com/news/dp-world-icc-and-sachin-tendulkar/","guid":"https://www.dpworld.com/news/dp-world-icc-and-sachin-tendulkar/","caseid":"595106","subtitle":"Global supply chain leader will use smart logistics offering and end-to-end network to deliver much needed kit and equipment to grassroots cricket clubs around the world","description":"

DP World, a global leader in smart end-to-end supply chain logistics, has unveiled the new ‘Beyond Boundaries’ initiative, in partnership with cricketing legend Sachin Tendulkar and the ICC, aimed at driving the growth of cricket around the world.

This global mission will see DP World use its end-to-end network and smart logistics capabilities to distribute fifty repurposed shipping containers to grassroots cricket clubs around the world, each one kitted out with essential equipment.

Ahead of the 2023 ICC Men’s 50 Over Cricket World Cup, taking place in India from 5 October to 19 November, the first container was unveiled by new DP World Global Ambassador Sachin Tendulkar at NSCI, Mumbai. The first DP World container along with 40 cricket kits will be placed at the Chikhalikar Sports Club in Palghar, Maharashtra while another 210 kits will be presented to young cricketers from academies like Achrekar Cricket Academy, and Shivaji Park Gymkhana Academy, to name a few.
Included within each of the containers is 250 bespoke kits: each made up of a cricket bat, helmet, gloves and pads. Each container is multipurpose, also serving as a pavilion which includes an in-built scoreboard, sun protection and seating.

Speaking during the first container launch, DP World Global Ambassador Sachin Tendulkar said: “I am extremely happy to partner with DP World to go beyond boundaries and help make cricket possible globally. Like most young cricketers, I grew up playing for my local club I understand the importance of quality cricketing equipment and kits. Grassroots clubs are the bedrock of every nation’s cricket. It’s heartening to see DP World's commitment to nurturing young cricketing talent not just in India, but across the world.

These cricket containers will provide budding cricketers a place to rest and pad up. More importantly, this can be a great step towards ensuring a safe space for girls, as the containers can be used as changing rooms. I am happy to be a part of this initiative and look forward to witnessing its impact in supporting the next generation of cricketers across India and beyond.\"

The first container design was brought to life by local artist Sadhna Prasad and pays homage to the Master Blaster himself, with the first 10 containers being inspired by Tendulkar’s legacy.

Over the next five years, DP World will continue to leverage its interconnected global network across 75 countries and six continents to distribute the remaining 49 containers at strategic locations around the world; including another two during this year’s tournament, with more details to follow.

Kevin D’Souza, Senior Vice President - Business Development - Middle East, North Africa and India Subcontinent, DP World added, \"We are truly proud to welcome Bharat Ratna Sachin Tendulkar to the DP World family. Sachin represents a billion dreams and has played an inspiring role in taking cricket beyond boundaries. A role model to youngsters, he epitomises hard work, determination, and dedication to perfection. These are attributes that resonate with every member of DP World as we strive to make trade flow beyond boundaries for our customers and stakeholders. We are confident that our partnership with Sachin will serve to make cricket possible for even more people across the world.”

As the global leading provider of smart logistics solutions, we seek to change what’s possible for everyone, and we are confident that this new initiative, will serve to make cricket possible for the youth at multiple grounds in the country and across the world.”

The Beyond Boundaries initiative will be amplified throughout the course of the tournament via the ICC broadcast, with a bespoke graphic depicting how ten kits will be donated for every 100 runs scored in each match. All kit donations will be made via the containers unveiled in 2023.

","pubDate":"Wed, 04 Oct 2023 16:49:12 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/b89f11f5-b0ab-49dc-9dfa-f256dc09b26e/500_new.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/b89f11f5-b0ab-49dc-9dfa-f256dc09b26e/500_new.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/b89f11f5-b0ab-49dc-9dfa-f256dc09b26e/new.png?10000","ppImageTitle":"new"},{"title":"DP World Breaks Ground on New Container Terminal in East Java","link":"https://www.dpworld.com/news/dp-world-breaks-ground-on-new-container-terminal-in-east-java/","guid":"https://www.dpworld.com/news/dp-world-breaks-ground-on-new-container-terminal-in-east-java/","caseid":"594988","subtitle":"Strategic partnership with Maspion Group to enhance logistics capabilities in Gresik, East Java underscores DP World’s commitment to bolster operations in Indonesia and facilitate regional trade connectivity.","description":"

DP World, one of the world’s leading logistics providers, and leading Indonesian conglomerate Maspion Group, have marked the commencement of the process to construct a new container terminal in Gresik, East Java. The world-class terminal will enhance East Java’s position as a key trade gateway and connect Indonesian enterprises with customers in the region and globally.

The groundbreaking ceremony for the facility was held on 2 October 2023, and was attended by Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World and Dr. Alim Markus, Chairman and CEO of Maspion Group, and witnessed by Mr. Budi Karya Sumadi, Minister of Transportation, Republic of Indonesia and Mr. Septian Haryo Seto, Deputy of Coordinating Minister for Maritime and Investment Affairs of the Republic of Indonesia.

DP World’s strategic partnership with Maspion Group underscores the company’s commitment to boost infrastructure and capacity in East Java and facilitate seamless trade in the region. The joint venture (JV) company, DP World Maspion East Java, will operate a modern international container terminal with a design capacity of up to three million twenty-foot equivalent units (TEU) – elevating efficiency and operational excellence in Indonesia. As part of DP World’s goal of delivering end-to-end supply chain solutions, the JV will also develop an integrated industrial and logistics park, adjacent to the container terminal, with an initial land area of 110 hectares and with scope for future expansion.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “We see significant potential in Indonesia as a major hub for global trade, and we hope to unlock further growth in the region through meaningful partnerships and investments that bring opportunities through greater trade connectivity for local businesses and communities. Our partnership with Maspion Group to build new infrastructure in Gresik will strengthen East Java’s position as a key trade and logistics gateway. It will also serve as a cornerstone in our strategy to expand our global ports and logistics network to offer our customers end-to-end solutions and boost supply chain resilience.”

Dr. Alim Markus, Chairman and CEO of Maspion Group, said: “Maspion Group shares DP World’s vision and is dedicated to contributing to sustainable economic development in Indonesia and harnessing investment opportunities in the interest of the country’s fiscal growth. This project is a strong testament of how both companies – with the support of the government – can leverage our respective resources and capabilities, to jointly develop East Java’s infrastructure in tandem with President Joko Widodo’s vision to accelerate economic growth through his Indonesia Golden Generation 2045 strategy. We are excited about the prospects of this project and its long-term economic impact.”

","pubDate":"Wed, 04 Oct 2023 08:06:21 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/8c4343ca-2e69-4a84-acd8-0c3246bac4d0/500_photo1-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/8c4343ca-2e69-4a84-acd8-0c3246bac4d0/500_photo1-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/8c4343ca-2e69-4a84-acd8-0c3246bac4d0/photo1-2.jpg?10000","ppImageTitle":"Photo1"},{"title":"DP World eases congestion in Türkiye’s automotive supply chain","link":"https://www.dpworld.com/news/dp-world-eases-congestion-in-tuerkiyes-automotive-supply-chain/","guid":"https://www.dpworld.com/news/dp-world-eases-congestion-in-tuerkiyes-automotive-supply-chain/","caseid":"594850","description":"

Thousands of cars are now entering Türkiye after DP World Yarımca introduced an innovative ‘cars in containers’ shipping solution that has helped solve an automotive supply chain crisis in the region.

Congestion at Turkish ports has resulted in significant delays in delivering new vehicles against a backdrop of skyrocketing demand in the burgeoning automotive market. Türkiye recently experienced an auto sales boom with a record 110,000 vehicles sold in June which is a 37.5% year-on-year increase, according to data from Automotive Distributors and Mobility Association (ODMD).

With traditional importation and shipping solutions via ‘roll-on roll-off' (RoRo) ships facing significant delays due to congestion at RoRo ports, car manufacturers were unable to make timely delivery on purchases. This left customers waiting significantly longer for their new cars and caused prices to inflate across both the new and used vehicle markets.

Using an alternative solution to help make more cars flow into the country more quickly, DP World began importing 10,000 vehicles by putting new SUVs from Chinese automaker Chery Automotive into containers. This meant the vehicle could be offloaded using traditional cranes at lift on lift off (LoLo) ports and did not require a specialised RoRo port or berth, resulting in a significantly more efficient and resilient route to market.

The solution became more feasible when DP World and Chery implemented a specially designed racking arrangement to increase capacity by loading three SUVs into each container instead of two, which helped to improve the cost efficiency of transporting vehicles from China to Türkiye and reduce the cost passed on to consumers. The feasibility of the solution also made Yarımca an important steppingstone for the shipment of Chery Automotive vehicles into the booming Turkish auto market.

With Chery keen to expand its presence in Europe, the cars in container solution is set to be a key part of how it will deliver vehicles to market.

Rashid Abdulla, CEO & Managing Director, DP World Europe said: “When we describe DP World to the outside world we often say we are a global smart trade enabler - this solution is an innovative example of what we mean by that.

“The automotive industry has experienced significant changes and supply chain challenges in the last few years globally, and in Türkiye that ranged from microchip to RoRo capacity shortages. I’m proud that our team could implement an alternative solution that helped to ease these challenges – and that we played a key role in the expansion of Chery Automotive into the Turkish market.”

Kris Adams, CEO of DP World Yarımca: “Our terminal at Yarimca, which has not traditionally moved vehicles, is now becoming a key hub for new vehicles entering the market. The new innovative solutions we have introduced will help Chery Automotive to establish itself as a significant supplier in this market and in neighbouring countries, offering economic benefits to Türkiye while also helping consumers get their new cars more quickly.”

DP World Yarımca provides seamless connectivity to its customers and partners with an annual handling capacity of 1.15 million TEUs.

","pubDate":"Tue, 03 Oct 2023 11:34:21 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/d4cacb88-3fbb-4e3f-843e-d67a602c3b67/500_dsc00976.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/d4cacb88-3fbb-4e3f-843e-d67a602c3b67/500_dsc00976.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/d4cacb88-3fbb-4e3f-843e-d67a602c3b67/dsc00976.jpg?10000","ppImageTitle":"DSC00976","ppImageDescription":{}},{"title":"DP World Set to Further Grow Australia’s Global Trade Connectivity","link":"https://www.dpworld.com/news/dp-world-set-to-further-grow-australias-global-trade-connectivity/","guid":"https://www.dpworld.com/news/dp-world-set-to-further-grow-australias-global-trade-connectivity/","caseid":"719185","subtitle":"Arrival of the longest container ship to dock in Brisbane at the DP World Fisherman’s Island Terminal highlights the terminal’s role as a world-class infrastructure hub enabling Brisbane’s strong trade links globally","description":"

Brisbane, Australia, 27 September 2023: The CMA CGM Pelleas — the longest container ship to ever dock in Brisbane — arrived at the DP World Fisherman’s Island Terminal today. This milestone underscores Brisbane’s increasing importance as a gateway to Australia and a trade hub connecting businesses with customers in the region and around the globe. It also signifies DP World’s capabilities in operating industry-leading ports and terminals that facilitate seamless trade and a resilient supply chain.

The Pelleas is about 350 metres long, and it can transport over 9,600 containers and as much as 111,000 tonnes of cargo. The vessel is currently on the A3 Central Express service, which is a loop starting in Kaohsiung and making calls in Xiamen, Shanghai, Ningbo, Sydney, Melbourne and Brisbane. Earlier this month, the Pelleas also berthed at DP World’s terminal in Port Botany, setting a similar record as the longest vessel to dock at the New South Wales port.

Nicolaj Noes, Executive Vice President for Oceania, DP World, said: “The arrivals of the CMA CGM Pelleas in our Brisbane and Sydney terminals as part of a service from Greater China are prime examples of how DP World is helping to connect the APAC region. Our Fisherman’s Island Terminal operates with DP World’s hallmark precision and efficiency, making it the right facility to welcome and service the mammoth CMA CGM Pelleas. As Brisbane and Queensland prepare to make their mark on the global stage with the Summer Olympics in 2032, DP World’s reliable trade infrastructure and services will help fortify the city’s and state’s links with the rest of the world.”

The arrival of the Pelleas at the Port of Brisbane is testament to Queensland’s commitment to enhance its infrastructure, including its ports, to keep pace with its growth ambitions. The state has pledged to invest over A$50 billion in infrastructure over a four-year period from 2021. Annually, it exports roughly A$125 billion and imports around A$72 billion, with most of its key trading partners in Asia.

Serving vessels of this size at DP World’s terminals in Australia demonstrates the scale and quality of the company’s infrastructure and operations, and its role in connecting Australian enterprises with trade opportunities in the region. This includes enabling businesses to tap into the potential of Southeast Asia, which is forecast to contribute A$534 billion via two-way trade with Australia by 2040, by leveraging DP World’s strategic presence and network.

Shane Walden, Managing Director, ANL & CMA CGM Agencies Oceania, said: “With the CMA CGM Pelleas calling at Brisbane prior to her journey north to Asia, we’re once again thankful to our great supporters within the Port of Brisbane, in particular DP World, who have ensured the smooth operations of this vessel. The deployment of the CMA CGM Pelleas on our A3C services represents an ongoing commitment to the reliable and continued sustainable liner service between Australia and Asia.”

Neil Stephens, CEO, Port of Brisbane Pty Ltd, said: “The Pelleas is the longest container vessel to call at the Port and demonstrates the vital role that the Port of Brisbane will continue to play in driving Queensland’s and Australia’s trade and economic growth into the future.”

DP World in Brisbane

","pubDate":"Wed, 27 Sep 2023 07:38:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/54cad50c-c159-4cd4-9904-7140969fc542/500_dpworldsettofurthergrowaustraliarsquosglobaltradeconnectivity.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/54cad50c-c159-4cd4-9904-7140969fc542/500_dpworldsettofurthergrowaustraliarsquosglobaltradeconnectivity.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/54cad50c-c159-4cd4-9904-7140969fc542/dpworldsettofurthergrowaustraliarsquosglobaltradeconnectivity.jpg?10000","ppImageTitle":"DP World Set to Further Grow Australia’s Global Trade Connectivity"},{"title":"DP WORLD ANNOUNCED AS A “PRINCIPAL PATHWAY PARTNER” FOR COP28","link":"https://www.dpworld.com/news/dp-world-announced-as-principal-pathway-partner-for-cop28/","guid":"https://www.dpworld.com/news/dp-world-announced-as-principal-pathway-partner-for-cop28/","caseid":"590524","subtitle":"The partnership builds on DP World’s commitment to become carbon neutral by 2040 and net zero carbon by 2050","description":"

DP World has been announced as a “Principal Pathway Partner” for the COP28 UN Climate Change Conference, hosted in Dubai by the UAE Government from November 30 to December 12.

As a Principal Pathway Partner, DP World – a leading end-to-end supply chain solutions provider – will work alongside the COP28 Presidency to advocate for more urgent climate action. This includes leveraging DP World’s scale and influence to bring together the broader industry to develop impactful long-term solutions that support the global climate agenda.

DP World work with key stakeholders – from logistics companies, NGOs, governments and cargo owners -- to showcase new technologies and solutions, and exchange ideas to mitigate and build resilience against climate change, driving the energy transition and promoting environmental stewardship while ensuring continued trade flow worldwide.

DP World Group Chairman and CEO Sultan Ahmed bin Sulayem, said: “We are honoured to announce our partnership with the COP28 Presidency. As a key stakeholder in the global logistics industry, we recognise the impact of our operations on the environment. Our work with COP28 and other industry peers underscores our commitment to combatting climate change and fostering sustainable global trade. It also reinforces our belief in the potential of collective action. There is an urgent need to reshape industries, redefine possibilities, and chart a course towards a more resilient, net-zero future.”

DP World Group Chief Sustainability Officer Maha AlQattan added: “Sustainability is at the heart of all our business decisions, so we can help create real societal and economic change for future generations using trade. Through this partnership with COP28 and our clear roadmap towards net zero, we aim to combine innovation with responsibility and harness the power of logistics to drive positive change on a global scale.”

Decarbonisation is a core focus for DP World, and the business has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050, aligned to the UNFCCC’s Race to Zero and UAE’s 2050 net zero initiative.

At COP27 last year, DP World announced that it had joined the Green Shipping Challenge and committed to investing up to $500 million to cut CO2 emissions by nearly 700,000 tonnes over the next five years. The business has also partnered strategically with the Maersk McKinney Moller Center for Zero Carbon Shipping and joined the UN Global Compact’s Think Lab on Just Transition.

In addition, the company has reduced its carbon emissions by electrifying many of its operations across the 75 countries it operates in worldwide; pioneering biofuel use; and continuing to explore other cutting-edge solutions, such as carbon-neutral synthetic natural gas. Recently, the company announced that it cut global carbon emissions by 5 per cent in 2022, with a 4 per cent reduction in energy consumption.

The company’s sustainability strategy, 'Our World, Our Future', is a foundation for these efforts by building sustainability into every aspect of its work. For further information, please visit https://www.dpworld.com/sustainability or contact cop28@dpworld.com.

","pubDate":"Wed, 13 Sep 2023 10:25:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/4cb2e968-3bce-4db1-b505-b6abddebc51b/500_cop28-partnership-a-dpworld.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/4cb2e968-3bce-4db1-b505-b6abddebc51b/500_cop28-partnership-a-dpworld.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/4cb2e968-3bce-4db1-b505-b6abddebc51b/cop28-partnership-a-dpworld.jpg?10000","ppImageTitle":"COP28_Partnership_A_DPWorld"},{"title":"DP WORLD TO INVEST $510 MILLION TO DEVELOP TUNA-TEKRA MEGA-CONTAINER TERMINAL IN INDIA","link":"https://www.dpworld.com/news/dp-world-to-invest-510-million-to-develop-tuna-tekra-mega-container-terminal-in-india/","guid":"https://www.dpworld.com/news/dp-world-to-invest-510-million-to-develop-tuna-tekra-mega-container-terminal-in-india/","caseid":"585791","description":"

DP World today signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat on India’s western coast.

The concession agreement was signed between S. K. Mehta, Chairman of Deendayal Port Authority and Rizwan Soomar, MD & CEO, India Subcontinent, Middle East and North Africa, DP World. It was signed in the presence of Sarbananda Sonowal, Union Minister of Ports, Shipping and Waterways, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, Shantanu Thakur, Minister of State for Ports, Shipping and Waterways, at a ceremony in New Delhi.

The Deendayal Port Authority awarded the concession in January to develop the mega-container terminal to Hindustan Infralog Private Limited -- a joint venture between DP World and National Investment and Infrastructure Fund, India’s collaborative investment platform anchored by the Government of India. The concession is on a Build-Operate-Transfer (BOT) basis for a period of 30 years with the option to extend for another 20 years.

The project involves the construction of a mega-container terminal at Tuna-Tekra near the existing Deendayal Port, at a cost of approximately $510 million through a Public Private Partnership (PPP).

Once complete in 2027, the 2.19 million TEU per year terminal will have state of the art equipment and a 1,100 m berth capable of handling next-generation vessels carrying more than 18,000 TEUs. As part of this concession agreement the berth can be further extended to 1,375 m.

The terminal will connect to the hinterland through the network of roads, highways, railways and Dedicated Freight Corridors, supporting the growing demand for logistics solutions from across Northern, Western and Central India, connecting businesses in the regions to global markets.

DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Cochin and Chennai – with a combined capacity of approximately 6 million TEUs. With the addition of Tuna Tekra, DP World will have a combined capacity of 8.19 million TEUs.

The project is part of the National Infrastructure Pipeline and will complement initiatives of the Government of India, such as the PM Gati Shakti Master Plan and National Logistics Policy. The container terminal will be fully compliant with the green port guidelines ensuring sustainability in port operations by adopting best practices of port environment management contributing towards the long-term sustainability goals set out by the Government of India.

Speaking on the occasion, Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal said: “The signing of the concession agreement between Deendayal Port Authority and DP World is a momentous event indeed as it marks yet another significant breakthrough in building best-in-class infrastructure in India under the Public-Private Partnership model. The Project aligns with our Honourable Prime Minister’s Amrit Kaal Vision 2047 and would quadruple port handling capacity and develop multimodal logistics infrastructure to promote economic growth. Once operational, the terminal will play an important role in the government’s ambitious vision to make India an ‘Exports Hub' as also support the creation of direct and indirect employment in various sectors such as transportation, distribution and supply chain”.

S.K. Mehta Chairman, Deendayal Port Authority commented: “We are delighted to partner with DP World in developing one of our pathbreaking projects at the Deendayal Port. The Tuna-Tekra mega- terminal will be one of the largest container terminals to be set up in the country. It will help increase the productivity and cargo handling capacity of the port. As one of India’s busiest ports, we are committed to enhancing our capacity to serve the nation and businesses by reducing congestion and driving trade efficiencies. The Indian Railways have recently approved the quadrupling of Samakhiali – Gandhidham line, which will be a big boost for the upcoming container terminal at Tuna Tekra. In addition, we are in discussion to implement various other initiatives to enhance connectivity of Kandla and Tuna Tekra along with Ministry of Road Transport and Highways and Indian Railways.”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “We are honoured to partner with Deendayal Port Authority in developing this new mega-container terminal at Tuna-Tekra. It will enable DP World to deliver trade opportunities, by connecting Northern, Western and Central India with global markets, thereby driving value for all our stakeholders. India represents a significant landscape for opportunity. The signing of this concession agreement marks another milestone in our collective efforts with the National Investment and Infrastructure Fund to leverage DP World’s expertise in logistics infrastructure and local knowledge to further strengthen India’s supply chain to support the growth of trade and industry.”

Rajiv Dhar, CEO and Managing Director, National Investment and Infrastructure Fund, added: “We are excited to collaborate with Deendayal Port Authority and DP World to develop one of the largest greenfield infrastructure projects in India’s ports sector on a Public-Private Partnership basis. This project will create significant value for end-users and help the government achieve its goal of reducing logistics costs for trade. This project is a testament to our ability to drive large-scale infrastructure development by partnering with strategic players.”

","pubDate":"Fri, 25 Aug 2023 19:06:51 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/1c1017a1-62dd-4759-9cfd-7535a465c425/500_-dsc7086.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/1c1017a1-62dd-4759-9cfd-7535a465c425/500_-dsc7086.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/1c1017a1-62dd-4759-9cfd-7535a465c425/-dsc7086.jpg?10000","ppImageTitle":"_DSC7086"},{"title":"DP WORLD ANNOUNCES RESILIENT 1H2023 RESULTS WITH ADJUSTED EBITDA of $2.6 BILLION","link":"https://www.dpworld.com/news/dp-world-announces-resilient-1h2023-results-with-adjusted-ebitda-of-26-billion/","guid":"https://www.dpworld.com/news/dp-world-announces-resilient-1h2023-results-with-adjusted-ebitda-of-26-billion/","caseid":"584278","description":"

DP World Limited has announced resilient financial results for the first six months to 30 June 2023. On a reported basis, revenue grew by 13.9% to $9,037 million and adjusted EBITDA grew by 7.0% to $2,611 million with adjusted EBITDA margin of 28.9%.

Results Highlights

Revenue increased by 13.9% to $9,037 million

Revenue growth of 13.9% is mainly attributable to the full six months consolidation of Imperial Logistics (2022 – 4 months).

Like-for-like growth driven mainly from strong performance of Imperial Logistics in Africa and Drydocks World in UAE.

Adjusted EBITDA increases 7.0% to $2,611 million

Adjusted EBITDA grew 7.0% on higher revenue growth and EBITDA margin for the year stood at 28.9%. Like-for-like adjusted EBITDA margin stood at 30.8%.

Cash generation remains robust, Balance sheet strong

Net cash generated from operating activities stood at $1,951 million 1H 2023 (compared to $1,931 million in 1H 2022).

Leverage (Net debt to adjusted EBITDA) on a pre-IFRS16 basis stands at 2.8x (FY2022: 2.7x). On a post-IFRS16 basis, net leverage stands at 3.2 times compared to 3.0 times in FY2022.

DP World credit rating improves to BBB+ with Stable Outlook

DP World’s credit rating improved by two notches by Fitch to BBB+ with Stable Outlook and one notch by Moody’s to Baa2 with Stable Outlook on improved financial performance and a stronger balance sheet.

DP World is committed to a strong investment grade rating in the medium term.

Selective investment in key growth markets

Capital expenditure of $910 million ($741 million in 1H 2022) was invested across the existing portfolio.

Capex split: $412 million Ports and Terminals, $284 million Logistics and Parks and Economic Zones, $187 million Marine Services and $27 million in Head Office.

Capital expenditure guidance for 2023 is for approximately $2.0 billion to be invested in UAE, Jeddah (Saudi Arabia), London Gateway (United Kingdom), Dakar (Senegal), Callao (Peru) and DPW Logistics (South Africa).

DP World focused on driving revenue synergies and building long-term relationships with cargo owners

Enhanced logistics portfolio offers value-add capabilities in fast-growing markets and verticals.

DP World aims to deliver supply chain solutions to cargo owners by leveraging its best-in-class infrastructure

Group is well-positioned to capitalize on the growing demand for customised solutions in the logistics industry.

Committed to transition to net zero in line with UAE 2050 Initiative

Investment in renewable energy through the I-REC programme has resulted in 47% reduction in DP World UAE carbon emissions.

Committed to investing more than $500 million to reduce CO₂emissions by 700k tonnes in the next 5 years.

Resilient 1H 2023 performance, outlook remains uncertain

Solid 1H 2023 performance but outlook remains uncertain due to geopolitics, inflationary environment, higher interest rates and currency fluctuations.

DP World remains positive on the medium to long-term outlook for global trade and is focused on delivering integrated supply chain solutions to cargo owners to drive sustainable returns.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, commented: “We are pleased to share a resilient set of results for the first half of 2023, with our adjusted EBITDA enhancing by 7.0% to surpass $2.6 billion. Despite facing a softer container market and weakened freight rates amid challenging economic conditions, our focus on high-margin cargo, end-to-end bespoke supply chain solutions and cost optimization has been crucial in securing these results. This strategy has not only been effective during these challenging times but also lays the foundation for our sustainable long-term growth and returns.

Our logistics vertical has demonstrated robustness in this demanding economic landscape, attracting more cargo owners to our platform. The positive feedback to our end-to-end product emphasis the value of our customised solutions enables customers to conduct trade more effectively. Strategic investments in high-growth sectors enable us to provide value-added solutions, and we remain committed to continuously enhancing our logistics platform. This includes addressing supply chain inefficiencies and enhancing connectivity in crucial trade lanes to serve cargo owners better.

Notably, we continue to make substantial progress towards our 2050 net zero carbon target. Our recent investment in renewable energy through the I-REC programme has significantly cut DP World UAE business carbon emissions by 47%. We are confident of achieving our goal to cut CO2 emissions by 700k tonnes which accounts for approximately 22% of our total emission within the next five years.

In summary, our balance sheet remains robust, and we continue to generate high levels of cash flow, which provides us the flexibility to invest in the growth of our existing portfolio and new investment opportunities when they arise. While the near-term trade outlook may be uncertain due to macroeconomic and geopolitical factors, the solid financial performance of the first six months positions us well to deliver a steady set of full-year results. We remain optimistic about the medium to long-term prospects of the industry and DP World’s capacity to consistently generate sustainable returns.”

- END –

Forward-Looking Statements

This document contains certain \"forward-looking\" statements reflecting, among other things, current views on our markets, activities, and prospects. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur and which may be beyond DP World’s ability to control or predict (such as changing political, economic or market circumstances). Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements. Any forward-looking statements made by or on behalf of DP World speak only as of the date they are made and no representation or warranty is given in relation to them, including as to their completeness or accuracy or the basis on which they were prepared. Except to the extent required by law, DP World does not undertake to update or revise forward-looking statements to reflect any changes in DP World’s expectations with regard thereto or any changes in information, events, conditions or circumstances on which any such statement is based.

Group Chairman and CEO Statement

Resilient performance in challenging markets

The global economy in 2023 faces numerous challenges, including slowing growth, inflationary pressures, higher interest rates, currency fluctuations, and heightened geopolitics. Due to this weak economic backdrop, trade growth was forecast to soften in 2023, leading to a marginal decline in container volumes as consumers tightened their belts. Additionally, supply chain bottlenecks that emerged post-COVID began to unwind in the second half of 2022, causing freight rates to return to pre-COVID levels and resulting in weaker growth for logistics.

Despite these challenges, our business demonstrated remarkable resilience. Achieving like-for-like growth in a declining market is a testament to the hard work of our team.

Robust performance in Ports & Terminals

DP World containers volumes increased by 3.1%^[1] compared to a market decline of 2.0%^[2] as our portfolio once again outperformed the industry, which demonstrates that we have relevant capacity in the right locations. A strong performance from Asia Pacific was the key driver of growth, while Americas and Europe were softer due to the weaker economic environment. Encouragingly, Jebel Ali (UAE) continues to deliver a steady performance.

Our strategic approach of adding capacity in high-margin cargo locations and investing in automation continues to be a key differentiator as we continue to focus on markets with strong supply-demand dynamics.

Logistics continues to deliver growth

In our Logistics vertical, we have focused on driving revenue synergies and adding new capabilities, which has resulted in new business opportunities. Furthermore, we have worked tirelessly on cost efficiencies which has helped protect margins in this inflationary period.

DP World continues to remove inefficiencies across the supply chain to provide improved connectivity in fast-growing trade lanes. The demand for bespoke supply chain solutions continue to rise as cargo owner’s demands shift, and DP World is well placed to benefit from these developments.

In terms of innovation, we have developed new products like Cargoes Flow, DP World Trade Finance, and Cargoes Logistics, making trade easier for cargo owners, especially SMEs. Our commitment to building intelligent platforms for efficient solutions remains steadfast.

Marine Services providing critical connectivity

Our Marine Services vertical, particularly Unifeeder, which offers efficient and sustainable transport solutions, continues to provide critical connectivity for shipping lines and cargo owners. While near-term profitability was impacted by freight rates returning to pre-COVID levels due to unwinding supply chain bottlenecks, strong performances from Drydocks World and P&O Maritime Logistics have offset some of the weakness.

We have expanded our Marine Services business in new geographies in recent years, including Asia, the wider Indian Subcontinent, the Middle East, and Latin America. This expansion has enabled us to serve our customers better, increase our market share, and offer more opportunities for growth.

Decarbonisation is a core focus as we transition to net zero by 2050

Decarbonization is a core focus as we transition to achieve net zero carbon emissions by 2050. In line with our 'Our World, Our Future' sustainability strategy, we are committed to building, protecting, and maintaining DP World's sustainable operations, economically, socially, and environmentally. Notably, we have achieved a significant 47% reduction in DP World's UAE carbon emissions through our renewable energy programme. Our efforts have been recognized, earning us a top performer ranking by Sustainalytics and a leadership score (A-) from the CDP Climate Change submission.

To continue our progress, we have committed to investing over $500 million in cutting CO2 emissions by 700k in the next 5 years, which accounts to approximately 22% of our total emissions. However, we acknowledge that there is more to achieve, and we remain steadfast in our determination to reach the net zero target by 2050, aligning with the UAE's 2050 strategic initiative.

Group Deputy CEO & CFO Review

DP World has delivered a robust set of first half 2023 results with steady adjusted EBITDA growth of 7.0% to $2,611 million. The adjusted EBITDA margin remained broadly stable as our cost optimization projects help protect profitability.

Reported revenue grew by 13.9% to $9,037 million as the Group benefitted from the full year contribution of acquisitions while like-for-like revenue grew by 7.1% driven by growth in Logistics as our revenue synergy plans begin to attract new customers. Operating profit grew by 8.2% to $1,603 million which was also up 6.1% on a like-for-like basis.

The strengthening of DP World's balance sheet in 2022 has resulted in the Company's credit rating being upgraded by Fitch by two notches to BBB+ with a Stable outlook while Moody’s upgraded by one notch to Baa2 with Stable Outlook.

Asia Pacific and India

As anticipated, the Asia Pacific and India financials was impacted by a weaker performance in Marine Service (Unifeeder ISC) which saw its profitability decline due to lower freight rates. The unwinding of supply chain bottlenecks has resulted in the normalisation of ocean freight rates to pre-covid levels. We anticipate more stability in future performance. In contrast, Ports and Terminals delivered a robust performance with the focus on high margin cargo continuing to drive growth in profitability.

Overall, revenue declined by 16.9% on a reported basis which resulted in adjusted EBITDA of $315 million.

We invested $85million in Asia Pacific & India, mainly focused in Cochin & Logistics business in India.

Middle East, Europe and Africa

We saw a strong performance in Middle East, Europe and Africa region aided by Logistics. Our focus on revenue synergies continues to attract new customers, while our cost optimisation projects have protected profitability. Performance of Ports and Terminal was steady as a solid performance in Middle East and Africa compensated softer volumes in Europe. Marine Services performance was bolstered by a strong performance at Drydocks World (DDW) and P&O Maritime and Logistics (POML) due to new contract wins and higher charter rates. Improvements at P&O Ferries also contributed to the uplift.

Total reported revenue increased by 25.7% to $6,528 million mainly attributable to the full six months consolidation of Imperial Logistics (2022 – 4 months) while like-for-like revenue grew 14.2%. Adjusted EBITDA reached $2,060 million, up 20.1% on a like-for-like basis. EBITDA margins remained healthy at above 30%. We invested $681 million region, mainly in UAE, Imperial Logistics (Africa), Jeddah (Saudi Arabia), Sokhna (Egypt), London Gateway (UK) and Constanta (Romania).

Australia and Americas

Market conditions in the Australia and Americas have demonstrated mixed trends. The performance of Ports and Terminals in the Americas has been affected by softer consumer demand. In contrast, Australia has shown resilience amidst these challenges and has maintained a more robust performance. Meanwhile, the Logistics segment in these regions has exhibited steady performance. While there are complexities in the current market conditions, we continue to adapt and strive to maintain our solid performance.

Total reported revenue was broadly flat at $1,416 million, while adjusted EBITDA declined by 7.8% to $441 million. EBITDA margins remained at above 30%.

We invested $117 million in capital expenditure in Australia & Americas, mainly in Callao (Peru), syncreon (USA), Caucedo (Dominican Republic).

Cash Flow and Balance Sheet

Adjusted gross debt (excluding bank overdrafts and loans from non-controlling shareholders) stands at $19.2 billion compared to $18.5 billion as of 31 December 2022. Lease and concession fee liabilities account for $4.5 billion, with interest-bearing debt of $14.7 billion as of 30 June 2023. Cash and cash-equivalents on the balance sheet stood at $3.4 billion, resulting in net debt of $15.8 billion or $11.3 billion (on a pre IFRS 16 basis). Our net leverage (adjusted net debt to adjusted EBITDA) stands at 3.2 times on post-IFRS16 basis and would be 2.8x on pre-IFRS16 basis. Cash generation remained solid, with cash from operations steady at $2.5 billion (1H 2022: $2.2 billion).

Capital Expenditure

Consolidated capital expenditure in the first half of 2023 was $910 million, with maintenance and replacement capital expenditure of $298 million. We expect the full-year 2023 capital expenditure to be approximately $2.0 billion, which will be invested in UAE, Jeddah (Saudi Arabia), London Gateway (United Kingdom), Dakar (Senegal), Callao (Peru), Marine Services (P&O Ferries) and Imperial Logistics (South Africa).

Net finance costs before separately disclosed items

The net finance cost for the six months increased to $505 million compared to prior period at $373 million. Increase is mainly due to higher average debt and increase in effective interest rates during the period.

Taxation

The tax expense relates to the tax payable on the profit earned by overseas subsidiaries, as adjusted in accordance with the taxation laws and regulations of the countries in which they operate. For the first six months of 2023, DP World’s income tax expense before separately disclosed items was $213 million (1H 2022: $224 million).

DP World UAE subsidiaries are subject to UAE corporation tax from 1 January 2024 even though UAE CIT legislation is now in force. No deferred tax is recognized in 1H 2023 in relation to Group level adjustments pending further clarifications from the relevant UAE tax authorities.

Profit attributable to non-controlling interests (minority interests)

Profit attributable to non-controlling interests (minority interests) before separately disclosed items was $235 million against 1H 2022 of $163 million mainly due to increase in minority interests in Jebel Ali (UAE).

Sultan Ahmed Bin Sulayem

Group Chairman and Chief Executive Officer

Yuvraj Narayan

Group Deputy CEO & CFO

DP WORLD 1H2023 THROUGHPUT

DP World handled 20.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2023, with gross container volumes increasing by 0.5% year-on-year on a reported basis and 2.6% on a like-for-like basis.

In the first half of 2023, DP World handled 39.9 million TEU on a gross basis with container volumes increasing by 0.9% year-on-year on a reported basis and up 3.1% on a like-for-like basis. Jebel Ali (UAE) handled 3.6 million TEU in 2Q2023, on par year-on-year.

At a consolidated level, our terminals handled 11.6 million TEU in 2Q2023 up 0.1% on a reported basis and down 1.7% like-for-like basis. In the first half of 2023, DP World handled 23.0 million TEU, with container volumes increasing by 0.4% year-on-year on a reported basis and decreased 1.5% on a like-for-like basis.

","pubDate":"Tue, 22 Aug 2023 09:09:42 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/37250d88-00ea-414c-9fc8-b61ca7ab84bc/500_eveningviewofgantrycranesatjebelaliterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/37250d88-00ea-414c-9fc8-b61ca7ab84bc/500_eveningviewofgantrycranesatjebelaliterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/37250d88-00ea-414c-9fc8-b61ca7ab84bc/eveningviewofgantrycranesatjebelaliterminal.jpg?10000","ppImageTitle":"Evening view of gantry cranes at Jebel Ali terminal"},{"title":"DP WORLD BECOMES A WORLDWIDE PARTNER OF THE RYDER CUP","link":"https://www.dpworld.com/news/dp-world-becomes-a-worldwide-partner-of-the-ryder-cup/","guid":"https://www.dpworld.com/news/dp-world-becomes-a-worldwide-partner-of-the-ryder-cup/","caseid":"581553","description":"

Ryder Cup Europe and the PGA of America today announced a new agreement with DP World that will see the global supply chain leader become a Worldwide Partner of the Ryder Cup.

Established in 1927, the biennial competition pits 12 of the top professional golfers from the U.S. and Europe against each other in a head-to-head match play competition and has become one of the world’s greatest sporting events, captivating an audience of millions around the globe. The Ryder Cup is a complex logistical operation involving hundreds of different partners and contractors. DP World will be bringing its industry leading capabilities to help deliver the event by seamlessly connecting smart logistics with the passion and precision of golf.

With an interconnected network spanning 75 countries across six continents and day-to-day operations accounting for 10% of global trade, DP World’s logistical capabilities make it perfectly positioned to help deliver the Ryder Cup and enhance the efficiency and success of golf as a global sport. From helping to organise international tournaments to managing the smooth flow of equipment and infrastructure, DP World helps deliver the game to people all around the world, from grassroots to the professional level.

There are just over two months to go until the U.S. Team get their defence underway in Italy, and DP World is busy working with Ryder Cup Europe and PGA of America to create the smartest, most efficient, and innovative supply chain solutions to ensure the smooth running of the 2023 Ryder Cup.

This new partnership agreement with golf’s greatest team contest further strengthens DP World’s strong ties with the game of golf, and the wider sports sector, where it is on a mission to support the growth of sports worldwide through its smart logistics solutions. It has been Title Partner of the European Tour group’s main Tour, the DP World Tour, since the start of the 2022 season and the tournament Title Partner of the season ending DP World Tour Championship in Dubai since 2009.

Speaking about the new partnership Daniel van Otterdijk, Chief Communications Officer at DP World, said: “At DP World, we are committed to supporting the growth of sports globally in reaching new audiences and markets through our smart logistic solutions. The Ryder Cup has become one of the world’s greatest sporting events, so we are delighted that DP World can play an integral part in delivering that for the millions of sports fans around the world. Whilst the partnership supports both our commercial and brand objectives it also allows us to showcase our global logistics network that is uniquely positioned to support the events partners and contractors with faster, smarter, and more sustainable ways of delivery.”

Guy Kinnings, Ryder Cup Director, said: “The Ryder Cup is a truly global sporting event which connects people around the world and we are delighted that DP World, which connects people through its smart trade and logistics expertise, have joined our commercial family. We of course know each other very well through our highly successful DP World Tour partnership and the Ryder Cup provides a wonderful additional platform to grow their booming business and in turn, we can utilise their logistical expertise to help deliver a truly world class event. We look forward to working together at what promises to be a truly historic match in Rome this September.”

Jeff Price, Chief Commercial Officer, PGA of America, added: “As the leading provider of smart logistics solutions, DP World's commitment to innovation and excellence aligns perfectly with the Ryder Cup. DP World’s extensive knowledge and experience will help us deliver a world-class experience for players, spectators and partners at Marco Simone this September.”

As part of the partnership agreement, DP World will use the Ryder Cup as a global platform to engage with customers, prospects, and stakeholders, forming an essential part of its business growth in key sectors. Fans can expect to see a series of digital and experiential initiatives run in conjunction with the partnership including the presence of DP World’s ‘second life’ golf ball container in the Ryder Cup fan village, where fans will be encouraged to donate unwanted to golf balls to be given back to grassroots golf projects around the world.

PHOTO CAPTION: (from left to right) Official signing: Guy Kinnings, Deputy CEO & Ryder Cup Director is joined by Yuvraj Narayan, Group Deputy CEO and CFO of DP World and Rashid Abdulla, CEO and MD of DP World Europe.

","pubDate":"Wed, 26 Jul 2023 13:13:53 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/bbc9ac97-d277-431b-8598-8f9411681f2c/500_dpworldxrydercupworldwidepartnership-image142.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/bbc9ac97-d277-431b-8598-8f9411681f2c/500_dpworldxrydercupworldwidepartnership-image142.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/bbc9ac97-d277-431b-8598-8f9411681f2c/dpworldxrydercupworldwidepartnership-image142.jpg?10000","ppImageTitle":"DP World x Ryder Cup Worldwide Partnership_image 1[42]"},{"title":"The Royal Foundation and UNODC announce landmark partnership to tackle the global illegal wildlife trade through the United for Wildlife programme","link":"https://www.dpworld.com/news/the-royal-foundation-and-unodc-announce-landmark-partnership-to-tackle-the-global-illegal-wildlife-trade-through-the-united-for-wildlife-programme/","guid":"https://www.dpworld.com/news/the-royal-foundation-and-unodc-announce-landmark-partnership-to-tackle-the-global-illegal-wildlife-trade-through-the-united-for-wildlife-programme/","caseid":"581811","description":"

The Royal Foundation of the Prince and Princess of Wales and the United Nations Office on Drugs and Crime (UNODC) have announced their new partnership around United for Wildlife, the flagship programme to end the illegal wildlife trade. The UNODC will be supported in this effort by DP World, long-standing advocates for increased action in the fight against the illegal wildlife trade (IWT).

The new three-year agreement, coming into force on 1st August, will see The Royal Foundation and UNODC combine their resources and expertise in the global fight against the IWT, which is worth up to $20 billion annually and is associated with violent crime, corruption, and other forms of trafficking. This high-level collaboration underlines the global nature of the threat posed by the IWT, which robs the planet of its most precious natural resources and funds organised crime, directly affecting already vulnerable communities.

United for Wildlife was founded by Prince William and The Royal Foundation in 2014 to end the illegal wildlife trade. It fosters collaboration across the public, private, and not-for-profit sectors to increase the identification and investigation of wildlife crime, aiming to make it impossible for traffickers to exploit any vulnerabilities in global transport and financial systems.

In fusing United for Wildlife’s private sector and NGO partnerships with UNODC’s global network of wildlife crime advisers and relationships with global law enforcement entities and national governments, the partnership will scale the programme’s collective ability to enable the detection and disruption of this harmful trade.

UNODC officers and objectives focused on United for Wildlife will be integrated into key UNODC programmes, working to expand United for Wildlife’s visibility, membership, and regional coverage. Officers will be based in Southern Africa, West Africa, East Africa, Latin America, and Asia. The partnership will increase much-needed law enforcement engagement in fighting criminal syndicates behind the global wildlife trade and aims to tackle the high-level corruption that often facilitates wildlife trafficking. It will also encourage cross-sector collaboration and information-sharing to support seizures, investigations and arrests relating to IWT.

Amanda Berry OBE, CEO of The Royal Foundation, said: “The illegal wildlife trade continues to exploit and threaten the world’s most vulnerable species. Tackling this heinous crime requires a serious and organised response built on collaboration across sectors and borders. United for Wildlife – with its global network of over 450 partners – will do all it can to support this response around the world.

“As a world leader in the disruption and prevention of transnational crime, UNODC will be a key partner for The Royal Foundation in its delivery of United for Wildlife. This partnership exemplifies the breadth and diversity of United for Wildlife’s global network as we combine our expertise, resources, and unwavering determination to end wildlife crime for good.”

“Wildlife crime is driving thousands of species to extinction and disrupting vital ecosystems, demanding urgent action,” said UNODC Executive Director, Ms. Ghada Waly. “I am proud that UNODC is joining forces with the Royal Foundation and DP World, uniting our efforts to preserve the planet’s most treasured species. With its technical support and global field network, UNODC is ideally placed to equip law enforcement agencies around the world with the tools, resources and expertise needed to disrupt and dismantle the criminal networks perpetuating this transnational crime. Through this new partnership, we will safeguard our fragile ecosystems for future generations and preserve nature’s delicate balance.”

Maha Al Qattan, Chief People & Sustainability Officer of DP World, said: “As a business that enables global trade, we are acutely aware of the negative impact of illegal wildlife trade on our industry, the communities we operate in, as well as the long-term ramifications on biodiversity. To ensure a sustainable and better future for all, we must deploy our collective resources to scale monitoring, regulation, and other pioneering solutions to tackle this issue. I’m delighted to help bring these two fantastic organisations together. I’m confident their combined global network and expertise will help us accelerate our joint efforts.”

In the six years since creating its international transport and financial taskforces, the United for Wildlife network has contributed to over 500 law enforcement cases, over 400 arrests, nearly 300 seizures of wildlife products and has trained over 100,000 people. The network spans the globe - from Southeast Asia to South America, Europe to East Africa - increasing deterrents across the entire chain of demand and supply.

","pubDate":"Thu, 20 Jul 2023 10:36:47 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/343843c5-b1c0-48f4-b59f-d90cd499d59c/500_unitedforwildlifedpworldrhino.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/343843c5-b1c0-48f4-b59f-d90cd499d59c/500_unitedforwildlifedpworldrhino.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/343843c5-b1c0-48f4-b59f-d90cd499d59c/unitedforwildlifedpworldrhino.jpeg?10000","ppImageTitle":"United for Wildlife DP World Rhino"},{"title":"DP WORLD SIGNS DEAL TO DOUBLE CAPACITY AT INDONESIA’S BELAWAN NEW CONTAINER TERMINAL","link":"https://www.dpworld.com/news/dp-world-signs-deal-to-double-capacity-at-indonesias-belawan-new-container-terminal/","guid":"https://www.dpworld.com/news/dp-world-signs-deal-to-double-capacity-at-indonesias-belawan-new-container-terminal/","caseid":"578583","subtitle":"DP World will more than double throughput capacity at Belawan New Container Terminal (BNCT) to 1.4 million TEUs.","description":"

DP World is set to commence operations at Indonesia’s Belawan New Container Terminal (BNCT), after finalising an agreement with the Indonesia Investment Authority (INA) and Pelindo to manage the terminal and begin a major expansion.

The strategic partnership between the Indonesia Investment Authority (INA), Indonesian government-owned port operator Pelindo, and DP World, will create Indonesia’s most direct link with the Malacca Strait, one of the world’s busiest shipping routes.

The agreement was signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, Arif Suhartono, President Director of PT Pelabuhan Indonesia (Persero), and Ridha Wirakusumah, CEO of Indonesia Investment Authority.

In the longer term, the agreement aims to increase BNCT’s capacity to 1.4 million TEUs, up from 600,000 TEUs currently. BNCT will also aim to attract more direct calls, reducing North Sumatra’s reliance on regional hub ports to access regional and global markets.

The BNCT currently serves as a local hub for the neighbouring provinces in Sumatra. The expansion and modernisation programme will strengthen its position as a major trade and logistics gateway in the Malacca Strait.

Alongside modernising maritime infrastructure, DP World will also work with its partners to connect other terminals and small ports on the Island of Sumatra to further realise the BNCT’s role in reducing container logistics costs within Northern Sumatra.

Minister of State-Owned Enterprises, Erick Thohir, said:
“As directed by President Joko Widodo, there is always strategic value for equity and acceleration of economic growth in the regions and nationally through port development, including this new container terminal at the Port of Belawan which is believed to support downstream to maximize exports in new ways and also accelerate the economy in North Sumatra which continues to grow. This is in accordance with the objectives of the Terminal port development which will strengthen the national port industry ecosystem, as well as the competitiveness of Indonesian ports as strategic trade routes in Southeast Asia and internationally.”

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said:
“We are proud to help Indonesia expand the Belawan New Container Terminal and support its ambitions to develop the economy of Sumatra through infrastructure. By investing in cutting-edge sustainable technologies, world-class training and the highest standards of health and safety, we aim to eliminate inefficiency and enable the flow of trade between Indonesia and the world.”

Arif Suhartono, President Director of PT Pelabuhan Indonesia (Persero), said:
“Today's Shareholder Agreement is a significant milestone and follows the signing of the Master Agreement in August 2022. This has been a long and complex process, but I’m delighted that the agreement is now a reality thanks to the hard work and collaboration of all parties, I am optimistic that this agreement will be a catalyst for the further development of the BNCT as a world-class, connected and fully integrated container terminal that is the foundation for increased trade and a brighter future for our exporters, downstream industries and people. The realization of the Belawan Investment and Operations collaboration represents business expansion and strategic partnership, which are key pillars of our 2023 roadmap. This collaboration is also proof that after the merger, the level of investor confidence in Pelindo has increased.”

Ridha Wirakusumah, CEO of INA, said:
\"INA's investment in Belawan New Container Terminal serves as a crucial step towards positioning Indonesia as a prominent maritime axis, and key player in the global logistics industry. This transformational project supports Indonesia's economic growth and advances its maritime sector, becoming an important role in driving economic growth in Indonesia.\"

","pubDate":"Mon, 26 Jun 2023 09:03:07 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/0e90f9ee-545a-4cb8-8464-792d496540a2/500_belawan-dpworld.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/0e90f9ee-545a-4cb8-8464-792d496540a2/500_belawan-dpworld.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/0e90f9ee-545a-4cb8-8464-792d496540a2/belawan-dpworld.jpg?10000","ppImageTitle":"Belawan_DP World"},{"title":"DP WORLD ADVANCES ELECTRIFICATION PROJECTS IN BRAZIL","link":"https://www.dpworld.com/news/dp-world-advances-electrification-projects-in-brazil/","guid":"https://www.dpworld.com/news/dp-world-advances-electrification-projects-in-brazil/","caseid":"578183","subtitle":"Adoption of renewable energy is part of DP World’s global effort to create a more sustainable future for port operations","description":"

DP World is accelerating its adoption of renewable energy at the Port of Santos, Brazil’s leading multipurpose private terminal, as a vital step in its global strategy to achieve carbon neutrality by 2040.

The initial phase focuses on replacing diesel fuel with electric power for the Santos terminal’s Rubber Tyred Gantry (RTGs) container handling cranes. A total of 22 diesel-fueled units will be electrified, by the end of next year, with an investment over 80 million Brazilian reais ($16.2 million).

The first RTG machine in the fleet already operates sustainably on 100% electric power and by the end of 2023, another four machines will be converted.

The electrification process works through a system of overhead cables similar to electric buses. Applying this innovative technology to RTGs will not only reduce the terminal's diesel consumption by up to 60%.

\"The conversion of the RTGs is a critical step in our decarbonization efforts and aligns with our overall focus on sustainability. In addition to improved environmental care and climate performance, this change is also expected to bring additional operational benefits, as the technology offers low maintenance costs, increased productivity of the RTGs, and improved equipment reliability,\" explained Fábio Siccherino, CEO of DP World Santos.

DP World’s Executive Vice President, International Projects Mohammed Al Muallem met with Geraldo Alckmin, Vice President of Brazil in Brasilia this week to discuss cooperation and DP World’s planned investments at the Port of Santos. DP World is already investing US$35 million this year to expand and modernise its facilities. The company has an additional 130,000 square meters available for expansion in the port area and has been working intensively on cargo diversification and developing logistical solutions that serve the entire international trade chain.

The Santos terminal is already one of the largest and most modern private multi-purpose port terminals in the country. The expansion will increase annual container handling capacity from 1.2 million TEUs to 1.4 million TEUs and expand the size of the quay from 1,100 metres to 1,300 metres. This is DP World’s third round of investment since it began operations in July 2013. ensuring port capacity remains ahead of growing demand.

Environmental initiatives in Brazil

The RTG electrification project is part of a global sustainability strategy called \"Our World, Our Future,\" which guides and directs DP World's responsible actions globally, Under the strategy, DP World will adopt renewable energy sources for all its port equipment across the 75 countries where it operates.

Last year, Chairman and Group CEO, Sultan Ahmed Bin Sulayem, announced that the company intends to invest up to $500 million to reduce global carbon emissions from its operations by nearly 700,000 tons over the next five years. It has already cut direct carbon emissions from its global operations by 5% in 2022, according to its latest ESG report.

The strategy goes beyond decarbonization, with the aim of reducing the impact of supply chain activities on people, communities, and the environment.

DP World Santos became the first port terminal in Brazil to no longer send waste to landfills after implementing the Zero Landfill project last year. Instead, all waste generated at the terminal is either recycled or converted into sustainable energy for industrial activities. Since the beginning of the project, over 479.40 tons of solid waste have been diverted from landfills.

DP World Santos has also invested over R$12 million Brazilian reais ($2.4 million) in more than 30 projects focused on the region's fauna and flora. It has also rescued over 35,000 plants and seeds, with biomass and plant waste reuse, and monitored coastal dunes and mangroves.

This is alongside the monitoring and management of terrestrial fauna in the region where the terminal was built, aiming to preserve species in locations authorized by Brazilian Institute of Environment and Renewable Natural Resources (Ibama), and the conservation of over 50 hectares of mangroves and coastal dunes in the surrounding area.

","pubDate":"Thu, 22 Jun 2023 11:10:57 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/5d2f7417-8930-47e3-a18f-57d19e8273f3/500_tratada-essa.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/5d2f7417-8930-47e3-a18f-57d19e8273f3/500_tratada-essa.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/5d2f7417-8930-47e3-a18f-57d19e8273f3/tratada-essa.jpg?10000","ppImageTitle":"TRATADA - ESSA"},{"title":"DP World celebrates Expo 2020 success","link":"https://www.dpworld.com/news/dp-world-celebrates-expo-2020-success/","guid":"https://www.dpworld.com/news/dp-world-celebrates-expo-2020-success/","caseid":"578009","subtitle":"Employees and partners receive the ‘Expo 2020 Dubai Medal’ for their contributions that brought over 1.2 million people to the DP World pavilion, alongside thousands of government officials, ministers and dignitaries","description":"

DP World has celebrated the success of its Expo 2020 programme with a recognition event at its ‘Flow’ Pavilion in Expo City Dubai, to acknowledge the significant contributions of its employees and partners, who received the ‘Expo 2020 Dubai Medal’ granted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The event was attended by the guest of honour, His Excellency Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police. It was also attended by DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem, and senior DP World executives including Abdulla Bin Damithan, CEO and Managing Director, UAE & Jafza; Maha Al Qattan, Group Chief People and Sustainability Officer; and Daniel Van Otterdijk, Group Chief Communications Officer, presenting the tokens of appreciation to employees and members of Dubai Police.

Over the course of its six-month presence at the event, DP World, a leading provider of global end-to-end supply chain solutions, welcomed a large number of prominent local and international personalities, and over 1.2 million visitors to its pavilion. The pavilion hosted many events – including high-profile government meetings, MoU signings and engagements.

It also welcomed nearly 3,000 government officials from 80+ countries, 2,500 thought leaders and more than 10,000 students. At its peak, the pavilion received as many as 34,000 visitors in a single day, signifying the large-scale success of the initiative and the extraordinary contributions of DP World employees and partners.

The decision to award the Expo 2020 Medal came in an initiative by His Highness Sheikh Mohammed bin Rashid Al Maktoum towards contributors to the success of Expo 2020 Dubai, in appreciation of their tremendous efforts during the event and the preparatory phase that lasted for many years to provide a great experience for all visitors and participating countries.

Speaking at the event, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Our people have always been our most valued strength. The remarkable success of our Expo 2020 programme would not have been possible without the tireless efforts and commitment of our people and partners. From the initial planning stages, all the way through to its execution, their contributions have helped us build a legacy with Expo 2020, allowing us to share our vision for global trade with more than a million people. This may well influence the shape of local, regional, and global economies for decades to come. We are proud to work with some of the sharpest minds in the world.”

His Excellency Lieutenant General Abdullah Khalifa Al Marri, Commander-in-Chief of Dubai Police, said: “As a key stakeholder in the Dubai story – and indeed, across international trade as a whole – DP World’s presence at Expo 2020 went far beyond ordinary event participation. It was a representation of what Dubai has achieved, and can accomplish, to a global audience. I congratulate the DP World teams on their commendable success.”

Abdulla Bin Damithan, CEO and Managing Director, DP World UAE & Jafza, further stated: “As key enablers of the Dubai Economic Agenda D33, DP World UAE and Jafza are among the foundational pillars of regional and global trade, and personify the economic aspirations of the UAE’s leadership and its people. What makes our achievements at Expo 2020 so significant is that our partners and employees have directly guided us towards new channels to unlock growth and possibility. These awards are a marker of our appreciation.”

DP World’s ‘Flow’ Pavilion was centred around the very concept of Flow, demonstrating the connectivity and movement of cargo across the world and highlighting DP World’s vital role of smarter trade in the global economy. DP World UAE is home to the flagship Jebel Ali Port, the region’s premier maritime commercial gateway and hub to more than 3.5 billion people, contributing significantly to Dubai’s GDP and UAE’s economy.

The UAE hosted Expo 2020 Dubai from November 2021 to March 2022, staged under the central theme, ‘Connecting Minds, Creating the Future’. It recorded a global success that added to the country's achievements, gathering 192 countries for the first time in the history of Expo that spans more than 170 years. The exposition, held for the first time in its history in an Arab country, received more than 24 million visitors, defying the tremendous challenge of the COVID-19 pandemic.

","pubDate":"Tue, 20 Jun 2023 11:08:08 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/ef326d49-0719-43fe-a475-639da89a84bf/500_a08i0710.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/ef326d49-0719-43fe-a475-639da89a84bf/500_a08i0710.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/ef326d49-0719-43fe-a475-639da89a84bf/a08i0710.jpg?10000","ppImageTitle":"A08I0710"},{"title":"DP WORLD WINS COVETED SUSTAINABILTY AWARD AT UK’S PREMIER LOGISTICS EVENT","link":"https://www.dpworld.com/news/dp-world-wins-coveted-sustainabilty-award-at-uks-premier-logistics-event/","guid":"https://www.dpworld.com/news/dp-world-wins-coveted-sustainabilty-award-at-uks-premier-logistics-event/","caseid":"577545","description":"

DP World, a leading provider of global end-to-end supply chain solutions, has won the prestigious ‘Sustainability Company of the Year’ award at the logistics industry’s flagship event in the UK.

The logistics business also picked up the ‘Port Company of the Year’ award for the second time in three years at Multimodal 2023, the industry's annual meeting place where cargo owners and shippers attend to find ways to improve their supply chains and discover innovative ideas to solve transport issues.

Ernst Schulze, UK Chief Executive of DP World, said: “Our ambition is to become the most sustainable logistics business in the UK, and I am delighted that the judges have formally recognised the progress that we have made. We will mitigate the impacts of climate change by becoming a net zero logistics organisation by 2050 and continue to do everything we can to help customers on their own decarbonisation journeys.”

“Above all, I’d like to thank the teams responsible for delivering initiatives like our 55% reduction in net carbon emissions from fleet and installations at Southampton after we transitioned to Hydrotreated Vegetable Oil (HVO) and our £12m investment at London Gateway in the first all-electric fleet of straddle carriers to go into commercial operation at a port anywhere in the world. More initiatives will follow like our ‘Modal Shift Programme’, which increases the attractiveness of intermodal rail for customers through the use of financial incentives.”

Richard Ballantyne OBE, Chief Executive of the British Ports Association, who was also a judge at this year’s Multimodal Awards, added: “The standard of applications was outstanding and so it makes the company’s achievements all the more impressive. In particular DP World’s work in the environment has been cutting edge and was recognised with this year’s sustainability award.”

“Indeed, its moves towards the electrification of port equipment and utilisation of low-carbon technologies, its modal shift freight rail programme as well as the implementation of a Hydrotreated Vegetable Oil fuel strategy at Southampton are all included as some of the exciting examples of great work in this field.”

The annual Multimodal Awards recognise excellence in air, road, rail, maritime, and freight forwarding services and are voted for by the thousands of readers of the Multimodal Newsletter and exhibitors and visitors to Multimodal at Birmingham’s NEC. It styles itself one of the fairest industry awards as companies are nominated and voted for by the industry, for the industry through an independent nomination and voting system.

","pubDate":"Thu, 15 Jun 2023 14:11:39 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/95eef42a-1017-4b5c-bfb9-2546b01695f3/500_johntrencharduksupplychaindirectorcollectsmultimodalsustainabilityaward.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/95eef42a-1017-4b5c-bfb9-2546b01695f3/500_johntrencharduksupplychaindirectorcollectsmultimodalsustainabilityaward.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/95eef42a-1017-4b5c-bfb9-2546b01695f3/johntrencharduksupplychaindirectorcollectsmultimodalsustainabilityaward.jpg?10000","ppImageTitle":"John Trenchard, UK Supply Chain Director, collects Multimodal Sustainability award"},{"title":"WORLD FIRST FOR PORTS SECTOR AS DP WORLD INVESTS £12M IN FULLY ELECTRIC STRADDLE CARRIERS AT LONDON GATEWAY","link":"https://www.dpworld.com/news/world-first-for-ports-sector-as-dp-world-invests-12m-in-fully-electric-straddle-carriers-at-london-gateway/","guid":"https://www.dpworld.com/news/world-first-for-ports-sector-as-dp-world-invests-12m-in-fully-electric-straddle-carriers-at-london-gateway/","caseid":"577496","description":"

DP World is investing £12m in eight new straddle carriers to service the ground-breaking new fourth berth at its London Gateway logistics hub.

The innovative new machines will be part of the first all-electric fleet in the world to go into commercial operation at a port and herald a major step forward for the sustainability of the global supply chain. Each straddle carrier, which moves containers handled by the quay cranes and then services onward forms of transport via road and rail, reduces carbon emissions by 54% compared with non-electric models, a figure that will increase over time as London Gateway continues to transition its electricity supply to zero carbon sources.

Andrew Bowen, UK Chief Operating Officer at DP World, said: “After three years of successful trials at London Gateway in an operational environment, we are delighted to announce that we have placed a £12m order for eight fully electric straddle carriers to service our new fourth berth. This news represents the culmination of four years of work in partnership with Kalmar, with whom we first converted a hybrid straddle carrier into a fully electric machine in 2019.”

“These straddle carriers are capable of operating for up to four hours without needing to be recharged and when required the battery can be charged in just 45 minutes. This latest investment in green innovation reinforces DP World’s commitment to mitigating the impacts of climate change by becoming a net zero logistics organisation by 2050.”

Mikko Mononen, Vice President, Sales Management, Horizontal Transportation, at Kalmar, added: “Our new high-energy battery technology has been developed in response to customer demand for a battery-based solution that is more closely aligned with their operating patterns. We have been working with DP World at London Gateway for many years on solutions to help them improve efficiency and reduce the impact of their operations on the environment. The terminal has been piloting a fully electric straddle carrier since 2018, and this project has served to demonstrate that fully electric machines are the optimal next step on the terminal’s decarbonisation journey.”

The straddle carriers will go into service next summer on completion of London Gateway’s £350m new fourth berth, where all major equipment is expected to be electric thereby making it one of the most sustainable ever built. It represents the latest in a series of investments which DP World has made to help green the UK supply chain, with its Southampton logistics hub reporting its most sustainable year ever in 2022 after eliminating fossil diesel from its operations entirely and transitioning to Hydrotreated Vegetable Oil (HVO). Using the renewable biodiesel is expected to cut carbon emissions from fleet and installations by 90%.

","pubDate":"Thu, 15 Jun 2023 10:02:18 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/68de8215-1f0e-459a-ad05-43e485fe6785/500_image.electric.straddle.carrier.londongateway.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/68de8215-1f0e-459a-ad05-43e485fe6785/500_image.electric.straddle.carrier.londongateway.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/68de8215-1f0e-459a-ad05-43e485fe6785/image.electric.straddle.carrier.londongateway.jpg?10000","ppImageTitle":"Image.Electric.Straddle.Carrier.LondonGateway"},{"title":"DP World’s SeaRates Partners with C P World to Digitise Global Trade Logistics for Small Cargo Owners","link":"https://www.dpworld.com/news/dp-worlds-searates-partners-with-c-p-world/","guid":"https://www.dpworld.com/news/dp-worlds-searates-partners-with-c-p-world/","caseid":"577336","description":"

SeaRates’ integration with C P World will provide smaller cargo owners with easy booking and shipment tracking via its ‘digital freight forwarder’ platform

DP World’s SeaRates has now integrated with C P World to help digitise global trade and provide more choice for smaller cargo owners and freight forwarders operating around the world. The integration means customers moving less than a full container load will benefit from streamlined logistics processes, real-time information, and enhanced efficiency from SeaRates, just like their bigger counterparts.

Based in Singapore, C P World operates globally, providing seamless logistics services with air, ocean, and land transportation, as well as documentation and customs clearance for customers. As a neutral cargo consolidator, it specialises in logistics for small and medium sized businesses that may not require an entire container for their cargos.

With this integration, SeaRates will now provide customers with enhanced real-time container availability and pricing information, empowering shippers to compare rates across a broader range of carriers.

By optimising container space and efficiently consolidating Less than Container Load (LCL) shipments, SeaRates enables cost savings for shippers while contributing to a more sustainable global supply chain. These advancements further establish SeaRates' position as a leading logistics solution provider catering to businesses of all sizes.

Mike Bhaskaran, COO of Digital Technology at DP World said: “As a leader in supply chain logistics and technology, we are excited to expand our offerings for SMEs, startups and individuals who require access to international trade. This new partnership will provide SeaRates customers with access to exclusive ocean freights and schedules in over 30 countries, allowing them to book LCL shipments through the online platform. This is particularly advantageous for customers with seasonal or promotional products, as it will provide them with cost savings and more flexibility in their bookings, while tapping into new market segments and broadening customer bases.”

Ken Chiang, Group CEO of C P World said: “As a neutral, market leading ocean freight consolidator, C P World is excited to partner with SeaRates, DP World to offer comprehensive LCL ocean freight rates, schedules and services thereby digitalising freight and creating sustainable solutions.”

","pubDate":"Wed, 14 Jun 2023 08:05:29 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/373b2b01-1d15-49cc-89ea-e00d45995f36/500_20230602-032826136-ios.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/373b2b01-1d15-49cc-89ea-e00d45995f36/500_20230602-032826136-ios.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/373b2b01-1d15-49cc-89ea-e00d45995f36/20230602-032826136-ios.png?10000","ppImageTitle":"20230602_032826136_iOS"},{"title":"DP WORLD CELEBRATES COMPLETION OF SUPPLY CHAIN MANAGEMENT DIPLOMA BY 17 FUTURE LEADERS","link":"https://www.dpworld.com/news/dp-world-celebrates-completion-of-supply-chain-management-diploma-by-17-future-leaders/","guid":"https://www.dpworld.com/news/dp-world-celebrates-completion-of-supply-chain-management-diploma-by-17-future-leaders/","caseid":"577171","subtitle":"Rotterdam School of Management’s SCM diploma is part of their ongoing 20Xel Leaders Programme","description":"

DP World, a leading provider of global end-to-end supply chain solutions, has celebrated the completion of Supply Chain Management diploma by 17 Emiratis at one of Europe’s most prestigious business schools, as part of their ongoing ‘20Xel Leaders Programme’.

The RSM SCM (Supply Chain Management) diploma, from the Netherlands-based Rotterdam School of Management, followed an 18-month study that consisted of 8 modules taking the best parts of a master’s degree in a hybrid learning environment. The last model was particularly interesting to the graduates, held in Rotterdam where participants also visited different locations of ports and logistics businesses. Located in Europe’s busiest port and the epicentre of international trade, RSM provides first-hand knowledge on global supply chains which drives its world-renowned expertise and research.

The participants included 6 female and 11 male aspirants. The 20Xel Leaders Programme is a long-term UAE national talent development programme that aims to accelerate the development and growth of Emirati talent through a series of world-class development and performance opportunities. It has become part the success story of the company, shifting from being a local port operator to a global logistics solutions provider, with talented young Emiratis contributing significantly to the making of an industry leader that DP World is today. The graduation ceremony was held at DP World’s Head Office in Jebel Ali.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: \"We take pride in the achievement by the young participants of this key milestone in their successful learning journey. We at DP World are keen to follow the path by preparing the next generation of leaders, who can contribute to company’s upward trajectory with enhanced energy and knowledge to maintain our industry leadership position and take it to the next level. The wise leadership of the UAE is keen to take advantage of the country’s rich talent across all the key sectors of the economy. DP World has always been instrumental in attracting and empowering Emirati talent through a highly professional system that helps shape them into leaders in trade and logistics”.

Maha Al Qattan, Group Chief People and Sustainability Officer, said: “By providing real-world experience and training, 20Xel is developing some of our brightest people. I'm excited to see how their careers progress with us. Congratulations to all 20Xelrs members who received their Business and Supply Chain Management diploma from Rotterdam School of Management, Erasmus University Executive Education, one of Europe's most prestigious business schools”.

“The 20Xel Leaders Programme is developing a new generation of leaders, by giving them real-world projects and training that will equip them for the future for our business and beyond. I will be watching their growth with pride and interest”, added Al Qattan.

People development has been a key area of focus for DP World, creating a strategic skills development process and the 20Xel programme to recruit the brightest of UAE nationals for future leadership roles.

","pubDate":"Tue, 13 Jun 2023 10:44:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/cc7750c0-0eaf-4d7d-a7a3-aebbeffcfd01/500_photodpworldcelebratescompletionofsupplychainmanagemendiplomaby17futureleaders.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/cc7750c0-0eaf-4d7d-a7a3-aebbeffcfd01/500_photodpworldcelebratescompletionofsupplychainmanagemendiplomaby17futureleaders.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cc7750c0-0eaf-4d7d-a7a3-aebbeffcfd01/photodpworldcelebratescompletionofsupplychainmanagemendiplomaby17futureleaders.png?10000","ppImageTitle":"photo DP WORLD CELEBRATES COMPLETION OF SUPPLY CHAIN MANAGEMEN DIPLOMA BY 17 FUTURE LEADERS"},{"title":"DP WORLD’S INNOVATIVE RAIL INCENTIVE TO DRIVE DECARBONISATION OF UK SUPPLY CHAINS","link":"https://www.dpworld.com/news/dp-worlds-innovative-rail-incentive-to-drive-decarbonisation-of-uk-supply-chains/","guid":"https://www.dpworld.com/news/dp-worlds-innovative-rail-incentive-to-drive-decarbonisation-of-uk-supply-chains/","caseid":"576159","description":"

DP World, a leading provider of global end-to-end supply chain solutions, is taking the innovative step of directly incentivising customers to move their imported goods off the road and onto rail in a major new initiative, strengthening its ambition to be the most sustainable logistics business in the UK.

The ‘Modal Shift Programme’ is designed to increase the attractiveness of intermodal rail for customers through the use of carefully designed financial incentives. The programme has the potential to prevent an estimated 30,000 metric tonnes of carbon dioxide being emitted per year, more than three times the total emissions of DP World’s logistics hub at Southampton, where it will be trialled from September for an initial period of 12 months.

John Trenchard, UK Commercial & Supply Chain Director at DP World, said: “DP World in the UK has been a market leader supporting our supply chain partners with access to a comprehensive network of rail options to connect our logistics hub to inland locations across the UK. However, over the last few years there has been gradual decline in the share of rail. Through the Modal Shift Programme we aim to increase the rail share up towards 40% by the end of 2025 – removing an estimated 30,000 tonnes of carbon dioxide from our customers’ onward supply chains.”

“DP World will mitigate the impacts of climate change by becoming a net zero logistics organisation by 2050. Today’s announcement will help customers on their own decarbonisation journeys and supports the UK Government’s stated ambition to drive the modal shift from road freight to more environmentally sustainable alternatives like rail.”

The Modal Shift programme will charge a flat £10 fee on all import-laden containers. Customers whose container is moved to a railhead more than 140 miles from the terminal are reimbursed, and a £70 incentive is paid to those whose container is moved to a railhead within 140 miles of the terminal. The market economics for using intermodal rail for distances of 140 miles or more from Southampton already make sense. However, for deliveries within the 140 mile zone the economic difference is less clear, and this incentive aims to increase the likelihood of a modal shift to rail.

DP World operates the UK’s most advanced logistics hubs: two deep water ports at Southampton and London Gateway with access to freight rail terminals, and a rapidly expanding logistics park on the doorstep of the capital. Southampton enjoyed its greenest ever year in 2022 after delivering a 55% reduction in net carbon emissions from its fleet and installations after eliminating fossil diesel from its operations and transitioning to Hydrotreated Vegetable Oil (HVO), a low emission diesel fuel alternative. The £350m new fourth berth under construction at London Gateway will be the first all-electric berth in Britain when it opens next year.

DP World’s investment in rail at Southampton and London Gateway eases traffic congestion, with 300,000 truck journeys taken off UK roads each year. Last year it launched a new weekly rail freight service connecting the two terminals, which takes up to 120 lorries a week off the roads, cutting carbon emissions by 80%. These UK initiatives have contributed to DP World’s global carbon dioxide emissions being reduced by 5% in 2022, with a 20% reduction in the European region alone.

","pubDate":"Tue, 06 Jun 2023 11:03:28 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/de12768f-90f7-4297-9408-c92d2addc7da/500_railserviceattheterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/de12768f-90f7-4297-9408-c92d2addc7da/500_railserviceattheterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/de12768f-90f7-4297-9408-c92d2addc7da/railserviceattheterminal.jpg?10000","ppImageTitle":"Rail service at the terminal","ppImageDescription":"DP World launches a New Train service connecting London Gateway and Southampton Logistics hubs to strengthen the UK Supply Chain. The train seen here at Southampton. 26/11/2022. London, United Kingdom. Picture by ©Nigel Howard / ©Nigel Howard Media Email: nigelhowardmedia@gmail.com"},{"title":"ICC AND DP WORLD ANNOUNCE LONG-TERM PARTNERSHIP TO DRIVE THE GLOBAL GROWTH OF CRICKET","link":"https://www.dpworld.com/news/icc-and-dp-world-announce-long-term-partnership-to-drive-the-global-growth-of-cricket/","guid":"https://www.dpworld.com/news/icc-and-dp-world-announce-long-term-partnership-to-drive-the-global-growth-of-cricket/","caseid":"576008","subtitle":"Partnership set to launch at the upcoming ICC World Test Championship Final 2023","description":"

The International Cricket Council (ICC) has announced a new long-term partnership with DP World, a leading provider of worldwide smart end-to-end supply chain logistics, as the ICC’s Official Global Logistics Partner.

The partnership starts from the highly anticipated ICC World Test Championship Final in London on Wednesday and includes all major ICC events in men’s and women’s cricket, including the Cricket World Cup, T20 World Cup and Champions Trophy.

The tie-up was unveiled at the Oval Cricket Ground in London and is the first committed partnership for the ICC’s commercial rights cycle, starting in January 2024. As a Global Logistics Partner of the ICC, DP World will implement bespoke logistics solutions across its operations.

Over the course of the partnership, DP World will own the match ball delivery moment as their headline asset complemented by a series of digital and experiential initiatives co-created with the ICC.

The partnership will also offer a unique opportunity to strengthen the bond between local communities and cricket. DP World will explore avenues to support the ICC’s criiio cricket programme, helping to deliver the game to all corners of the world and promoting the sport’s positive impact on society at large.

The collaboration coincides with cricket’s global growth strategy aspiring to deliver world class ICC events in more cricketing nations over the next few years. As the ICC event footprint expands, with countries such as the USA and Namibia set to co-host future World Cups for the first time, DP World, that has operations in 75 countries across six continents, is uniquely placed to help meet the ICC’s growing logistical needs.

From major international events to managing the smooth flow of equipment and infrastructure, DP World helps deliver cricket to people all around the world, from the cork in the balls to the linseed oil on the bat, across the spectrum of grassroots to professional cricket.

DP World’s day-to-day operations account for 10% of global trade and their logistical capabilities will enhance the efficiency of cricket’s global events.

DP World Chief Communications Officer, Daniel van Otterdijk said: “DP World is truly delighted to embark on this journey with the International Cricket Council. Our global partnership represents a shared commitment to driving the success of men’s and women’s cricket, breaking down barriers, and propelling the sport into a new era of innovation and growth. We are excited about the limitless possibilities that lie ahead, offering our smart logistic expertise, and the positive impact we can make together.”

ICC Chief Commercial Officer, Anurag Dahiya said: \"It is with great excitement and pride that we welcome DP World to the ICC Commercial Partnership Programme. This partnership will not only span our upcoming events during 2023 but will also form an integral part of the ICC's new commercial rights cycle, beginning in January 2024. It is set to be a partnership marked by deep integration and collaboration.

\"With our hosting of an increasing number of events in the upcoming cycle and an expansion into more markets, our logistical demands are growing in scope and complexity. We firmly believe that DP World is in an ideal position to help ICC meet these growing needs. Launching this partnership in such a landmark year for the sport is particularly exciting, with the ICC World Test Championship Final kicking off on Wednesday, and the ICC Men's Cricket World Cup slated to capture the spotlight in October and November.\"

To watch the video, please click here

","pubDate":"Mon, 05 Jun 2023 09:43:41 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/1710fc2c-5d86-483d-bd58-b54f360c1d63/500_heroimage-12.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/1710fc2c-5d86-483d-bd58-b54f360c1d63/500_heroimage-12.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/1710fc2c-5d86-483d-bd58-b54f360c1d63/heroimage-12.jpg?10000","ppImageTitle":"Hero Image - 1[2]","ppImageDescription":"LONDON, ENGLAND - JUNE 04: Ravi Shastri Ambassador ICC, Anurag Dahiye ICC CCO, Geoff Allardice ICC CEO, Yuvraj Narayan DP World Group CFO, Rashid Abdulla Chief Executive Officer & Managing Director of DP World Europe and Daniel Van Otterdijk DP World Group CCO during a ceremonial event to launch the DP World and ICC partnership at The Oval on June 04, 2023 in London, England. (Photo by John Phillips-ICC/ICC via Getty Images)"},{"title":"DP WORLD AND STANDARD BANK PARTNER TO EXPAND TRADE FINANCE IN AFRICA","link":"https://www.dpworld.com/news/dp-world-and-standard-bank-partner-to-expand-trade-finance-in-africa/","guid":"https://www.dpworld.com/news/dp-world-and-standard-bank-partner-to-expand-trade-finance-in-africa/","caseid":"575369","boilerplate":"

Trade is the lifeblood of the global economy, creating opportunities and improving the quality of life for people around the world. DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally.

With a dedicated, diverse and professional team of more than 103,000 employees spanning 75 countries on six continents, DP World is pushing trade further and faster towards a seamless supply chain that’s fit for the future.

We’re rapidly transforming and integrating our businesses -- Ports and Terminals, Marine Services, Logistics and Technology – and uniting our global infrastructure with local expertise to create stronger, more efficient end-to-end supply chain solutions that can change the way the world trades.

What's more, we're reshaping the future by investing in innovation. From intelligent delivery systems to automated warehouse stacking, we’re at the cutting edge of disruptive technology, pushing the sector towards better ways to trade, minimising disruptions from the factory floor to the customer’s door.

About DP World Trade Finance

DP World Trade Finance is a fintech trade finance platform that brings importers, exporters, and logistics companies from around the world together with financial institutions and other providers of trade finance.

Since its launch in July 2021, DP World Trade Finance has partnered with 23 financial institutions and generated over $700 million in credit limit submissions. The registration process takes less than five minutes and over 57,000 global clients have already signed up for affordable access to trade finance through the platform.

DP World’s extensive outreach to businesses across the globe, visibility on trade data and control over cargo help financiers connect with businesses, identify risks, build confidence, and provide credit, while businesses gain access to affordable and innovative financing options to grow their business.

DP World Trade Finance has obtained its lending license in June 2022 and is engaged in providing credit via short-term working capital solutions like invoice factoring, invoice discounting, reverse factoring and trade payables financing. DP World Trade Finance plans to participate in risk with existing lenders on the platform to ensure that working capital requirements of clients are adequately met.

","description":"

The continent’s largest bank becomes the first African bank to partner with DP World Trade Finance

Standard Bank, the largest bank in Africa by assets, has partnered with DP World, a global leader in supply chain solutions, to offer trade finance solutions jointly with DP World Trade Finance. This partnership will help in closing the gap in unmet demand for working capital on the continent.

African companies looking for trade finance will now be able to seamlessly access working capital from Standard Bank via the DP World Trade Finance platform.

DP World Trade Finance connects business with financial institutions as a fintech platform while also directly offering trade finance facilities on its own. It offers businesses a single window to access trade finance solutions – customers can simply apply for credit on the digital platform, which will present them with the best options from global financiers who may otherwise be out of their reach. Access to finance is one of the biggest barriers for businesses seeking global trade opportunities, evidenced by the struggle that many businesses face in securing the upfront funds required to move cargo.

By bringing Standard Bank onto the platform, DP World Trade Finance now offers an array of financing solutions to African businesses, which face an ever-growing need for logistics and financial support to connect to global trade routes.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said:

“DP World exists to make the world’s trade flow better and this partnership with Standard Bank is testament to that goal. Africa is a key market for us, with this partnership complementing our ongoing investment and development across the continent. Our recent acquisition of Imperial Logistics allowed us to enhance our logistics capabilities in Africa. With the addition of DP World Trade Finance into our offerings, we aim to support African businesses of all sizes for their working capital needs. Together with Standard Bank, we will help African businesses go from strength to strength and grow their exports to new markets.”

Sinan Ozcan, Senior Executive Officer of DP World Financial Services, said:

“Standard Bank joining the DP World Trade Finance platform is great news for businesses across Africa. DP World offers Standard Bank access to data on cargo movements, enabling them to lend with confidence. We in turn plan to co-lend and share risk with Standard Bank on deals made via the platform, whilst Standard Bank will be able to support the many suppliers in DP World’s ecosystem across Africa with its strong financing capabilities. This ecosystem has itself been strengthened by the acquisition of Imperial Logistics by DP World in 2022. Standard Bank’s strong presence across countries like Nigeria, Kenya and Mozambique will see this partnership develop further in the African market.”

Kenny Fihla, Chief Executive Officer, Corporate and Investment Banking at Standard Bank, said:

“As Standard Bank moves forward with the ambition of becoming a digitally enabled organisation, we seek partnerships with global multinationals like DP World to deliver trade solutions to our clients across the continent. Partnering with DP World allows us to enhance how we facilitate cross-border transactions in growing key trade corridors.”

Dr Rassem Zok, Chief Executive Officer, Middle East and North Africa at Standard Bank, said:

“This partnership reflects our strategic vision of driving Africa’s growth. Platform businesses require strong partnerships at various levels of the value chain. The value derived from our shared knowledge, capability and skills will create unique opportunities to deliver financial services and trade solutions to our clients. As Africa’s largest bank, this is a demonstration of our commitment to the transition of financial services to platform-based ecosystems and improving client experiences.”

","pubDate":"Mon, 29 May 2023 11:43:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dpworldcontainerattheport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dpworldcontainerattheport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dpworldcontainerattheport.jpg?10000","ppImageTitle":"DP World Container at the Port"},{"title":"DP WORLD WELCOME CHRISTOFFER BRING TO THE FAMILY","link":"https://www.dpworld.com/news/dp-world-welcome-christoffer-bring-to-the-family/","guid":"https://www.dpworld.com/news/dp-world-welcome-christoffer-bring-to-the-family/","caseid":"575096","subtitle":"Rising Danish golfer Christoffer Bring announced as new DP World golf ambassador","description":"

DP World, the leading provider of smart logistics solutions and title partner of the DP World Tour, today announced that rising Danish golf star Christoffer Bring has joined the DP World family as a global golf ambassador, representing the brand around the world whilst continuing his journey on the DP World Tour.

Bring, a 24-year-old originally from Næstved in Denmark, is playing in his first full year on the DP World Tour following a fantastic amateur career that saw him win both the European Amateur Championship and European Amateur Team Championships in 2021. The following year he finished tied 7^th at European Tour Qualifying School, earning a place on the DP World Tour for 2023.

“The opportunity to partner with such a global and forward-thinking brand in DP World is an honour for me,” said Bring ahead of this week’s KLM Open. “I’m looking forward to representing DP World and have no doubt that this partnership will be fantastic. DP World’s focus on innovation in the game of golf and growing the game globally perfectly align with my own dreams and goals. I am looking forward to being part of the DP World family at this week’s KLM Open.”

The new partnership, that will see Bring wear the DP World logo on his right sleeve, will provide DP World with a new platform to communicate its global business operations, its commitment to enabling smart trade across the world and its focus on data driven logistics services, innovation, and education. Additionally, Bring will be support DP World’s mission of helping to grow the game of golf and supporting grassroots development, as well as creating opportunities for all abilities, to promote that golf is a game for everyone.

The support of the Danish golfer aligns with DP World’s ever-growing presence in Denmark, following the acquisition of Danish logistics company, Unifeeder back in 2018. Unifeeder operates more than 150 vessels and ships that can carry more than 5.5 million containers every year. Having grown from the best feeder and shortsea network in Europe, Unifeeder is now part of an international logistic company, providing efficiency and sustainable logistical services throughout large parts of the world.

Rashid Abdulla, CEO and MD Europe DP World said: “We are delighted to announce this new partnership with Christoffer Bring and welcome him to the DP World family. It’s important that we support up-and-coming talent on the DP World Tour, and we think Christoffer will be a star of the future. We look forward to seeing him continuing to compete on Tour, representing DP World and providing us with opportunities to engage with important customers, prospects and our 103,000 colleagues around the world.”

In addition to carrying the DP World logo on his right sleeve during all tournaments, starting at this week’s KLM Open, Bring will support the DP World business with appearances and meet and greets across the season. The partnership further boosts DP World’s strong ties with the game having been title partner of the DP World Tour since 2022 and title partner of the DP World Tour Championship in Dubai since 2009.

","pubDate":"Thu, 25 May 2023 12:58:37 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9883108f-e64c-4238-b2fd-a5541553ac40/500_christofferbring-dpworldambassador.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/9883108f-e64c-4238-b2fd-a5541553ac40/500_christofferbring-dpworldambassador.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9883108f-e64c-4238-b2fd-a5541553ac40/christofferbring-dpworldambassador.jpg?10000","ppImageTitle":"Christoffer Bring_DP World Ambassador"},{"title":"DP WORLD CUT TOTAL GLOBAL CARBON EMISSIONS BY 5% IN 2022","link":"https://www.dpworld.com/news/dp-world-cut-total-global-carbon-emissions-by-5-in-2022/","guid":"https://www.dpworld.com/news/dp-world-cut-total-global-carbon-emissions-by-5-in-2022/","caseid":"575094","subtitle":"Total energy consumption down 4% and 5% drop in gross direct CO2 emissions.","description":"

DP World cut direct carbon emissions from its global operations by 5% last year, according to its latest Environmental Social and Governance (ESG) report, reflecting progress towards its 2040 carbon neutral target.

The ESG report, published today, demonstrates the company’s commitment to sustainable business practices, has been developed in accordance with the latest Global Reporting Initiative (GRI) Standards.

Over the course of 2022, DP World has tightened its ESG Governance and Risk Management framework, launched an Executive Sustainability Council to provide strategic guidance on the Group’s sustainability strategy and ESG metrics, integrated ESG as a risk into our corporate enterprise risk register, and published its first stand-alone ESG Report c 2021 – a significant milestone for the business.

Maha AlQattan, Group Chief People and Sustainability Officer, DP World, said: “At DP World, we believe in enabling resilience, and building a smart and sustainable future that generates long-term societal impact. In 2022 we saw continued global headwinds but that challenged us to push new frontiers of collaboration. I’m proud that we have cut our direct carbon emissions by 5%, and significantly increased our community contributions. We recognise our impact and are continuing to look at how we use our resources responsibly, on issues from education to WASH infrastructure, in line with our clear roadmap for the future.”

DP World has deepened its ties with partners to advance two of its key legacy pillars of Women and Water. Group Chairman and CEO, Sultan Ahmed Bin Sulayem was announced as the Middle East’s first HeForShe champion by UN Women on International Women’s Day last year and the company entered a 3-year global partnership with WaterAid to deliver water, sanitation, and hygiene (WASH) infrastructure, starting in Mozambique.

DP World also participated in the World Economic Forum (WEF) Annual Meeting in Davos and the United Nations General Assembly (UNGA) signalling its commitment to ESG progress and expanding its network of partners and advocates.

Decarbonisation is a core focus for DP World and the business has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050 in line with the UAE’s 2050 net zero.

In November at COP 27, the chairman announced that DP World had joined the Green Shipping Challenge and committed to investing up to $500 million to cut CO2 emissions by nearly 700,000 tonnes over the next five years. DP World has also entered a strategic partnership with the Maersk McKinney Moller Center for Zero Carbon Shipping and joined the UN Global Compact’s Think Lab on Just Transition.

The report also highlighted DP World’s total community contributions with a 34% increase from 2021, including several new strategic projects including UN Women, the Earth Shot Prize and in response to emergencies in 2022.

These have helped support more than 255,000 women and girls through community projects such as our partnership with Barefoot College International (BCI) to graduate solar engineers from rural Senegal. We also invested $8.7 million in global education projects.

These efforts have not gone unnoticed in the supply chain industry. DP World has been recognised as the top ESG risk performer by Sustainalytics - a global leader in ESG and Corporate Governance research and ratings - winning the Sustainalytics 2022 Industry and Regional Top-Rated Badge, and achieved an A – (Leadership) rating in the CDP Climate Change submission.

The full 2022 ESG Report can be found on our website.

","pubDate":"Thu, 25 May 2023 12:45:41 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/2ba139bb-9847-45dc-9575-01ce74219a1e/500_photo-dpworldcuttotalglobalcarbonemissions.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/2ba139bb-9847-45dc-9575-01ce74219a1e/500_photo-dpworldcuttotalglobalcarbonemissions.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/2ba139bb-9847-45dc-9575-01ce74219a1e/photo-dpworldcuttotalglobalcarbonemissions.jpg?10000","ppImageTitle":"Photo - DP WORLD CUT TOTAL GLOBAL CARBON EMISSIONS"},{"title":"DP WORLD COMPLETES AED 954 MILLION VANCOUVER PORT EXPANSION","link":"https://www.dpworld.com/news/world-completes-vancouver-port-expansion/","guid":"https://www.dpworld.com/news/world-completes-vancouver-port-expansion/","caseid":"574597","subtitle":"Anniversary celebrates terminal’s increased capacity and support for Canada’s commitment to growing Indo-Pacific trade","description":"

DP World and the Vancouver Fraser Port Authority have celebrated two historic events – the completion of the Centerm Expansion Project at DP World Vancouver, and the 100th anniversary of the port’s marine terminal operations.

These two events highlight British Columbia’s (BC) ongoing leadership in sustainable trade, technological innovation and introducing Canadian goods to new markets supported by partners such as DP World in Canada.

The 100-year anniversary marks an opportunity to celebrate the ongoing commitment of DP World employees, the ILWU (International Longshore and Warehouse Union) – with over 10,000 longshore and foremen employees having worked for DP World in BC over the past 20 years – handling over 20 million loaded twenty-foot equivalent units (TEUs). Along with its partners, DP World is making the global supply chain more resilient, establishing Canada’s leadership in sustainable trade and exporting Canadian goods to global markets.

DP World continues to support and advance the long-term growth of Canada’s ports and terminals, including the Port of Vancouver, through new technologies and commitment to innovation and sustainable trade infrastructure. As the country’s gateway to over 170 trading economies around the world, Vancouver handles one in every $3 of Canada’s trade in goods outside of North America. This enables the trade of approximately $305 billion in goods, while the port’s activities sustain 115,300 jobs, $7 billion in wages, and $11.9 billion in GDP across Canada.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “The 100th anniversary of terminal operations on the west coast is a wonderful opportunity to celebrate Canada’s rich maritime and port history and look ahead to a future that includes DP World’s industry-leading technology and innovation in supply chains. It’s also a chance for us, along with our employees and partners, to celebrate a responsible, sustainable, strategic approach to managing Canada’s network of ports and terminals.”

Centerm Expansion Project

DP World and the Vancouver Fraser Port Authority also marked the completion of the Centerm Expansion Project, an AED 954 million (CAD$350 million) award-winning project to increase throughput by 60% and position British Columbia as a leader in sustainable trade.

The newly expanded terminal can now handle 1.5 million TEUs a year, compared to 900,000 TEUs previously, while adding 15% to the terminal’s overall footprint.

The project reduces the terminal’s environmental impact by adding capacity for container ships to connect to electrical shore power and converting its diesel yard cranes to electric. It further reduces greenhouse gas emissions by eliminating wait times for vehicles at train crossings and building to LEED and Envision certification sustainability standards.

“This expansion represents a significant investment in the future of international trade, and we are honoured to continue to play a vital role in connecting Canadian businesses to markets around the world, while contributing to sustainable economic growth and prosperity for all,\" Bin Sulayem said. The expansion was completed by Centennial Expansion Partners (CXP).

DP World has committed to investing US$500 million globally over the next five years to help cut its carbon emissions by 700,000 tonnes to become a net-zero carbon enterprise by 2050.

Vancouver Fraser Port Authority also completed the South Shore Access Project earlier this month in partnership with the Government of Canada and with funding from the National Trade Corridors Fund. The final part of the South Shore Access Project, including upgrades to Waterfront Road and the removal of road and rail conflicts in the area to connect terminals directly to the Trans-Canada Highway are now complete.

Robin Silvester, President and Chief Executive Officer, Vancouver Fraser Port Authority, said: “Expanding the footprint of the Centerm container terminal and improving road and rail links in the area will increase container trade capacity and resiliency at the Port of Vancouver in the near term”.

He added: “As recent years have shown, a robust container sector is critical for Canadian exports and for reliable access to the goods Canadians depend on every day from markets around the world—and these projects represent an important piece of the puzzle when it comes to enabling Canadian trade. We'd like to thank our project partners including DP World and the federal government for their support and collaboration, as well the local community and south shore tenants for their patience and understanding during construction.”

","pubDate":"Tue, 23 May 2023 13:31:39 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/ef96397a-6678-4147-83df-095635d9fa0f/500_aerialviewofvancouverport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/ef96397a-6678-4147-83df-095635d9fa0f/500_aerialviewofvancouverport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/ef96397a-6678-4147-83df-095635d9fa0f/aerialviewofvancouverport.jpg?10000","ppImageTitle":"Aerial view of Vancouver port"},{"title":"DP World reports gross volume growth of 3.7% on a like-for-like in 1Q2023","link":"https://www.dpworld.com/news/dp-world-reports-volume-growth-of-37-in-1q2023/","guid":"https://www.dpworld.com/news/dp-world-reports-volume-growth-of-37-in-1q2023/","caseid":"571629","subtitle":"DP World Limited handled 19.5 million TEU across its global portfolio of container terminals","description":"

DP World Limited handled 19.5 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2023, with gross container volumes increasing by 1.4% year-on-year on a reported basis and up 3.7% on a like-for-like basis.

The growth was driven by a strong performance in Asia Pacific and India, which was partially offset by softer performance in Europe and the Americas. Jebel Ali (UAE) handled 3.5 million TEU in 1Q 2023, up 2.3% year-on-year.

At a consolidated level, our terminals handled 11.4 million TEU during the first quarter of 2023, up 0.7% year-on-year on a reported basis but down 1.3% on a like-for-like basis.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, commented: “Our portfolio has had an encouraging start to the year with container volume growth of 3.7%, once again ahead of the market, which is estimated to be down by 6.3%[1]. This outperformance continues to demonstrate that we are in the right locations, and our strategy to offer integrated supply chain solutions to beneficial cargo owners is driving value for our stakeholders.

“A strong performance in Asia Pacific and India drove our growth. However, as anticipated, volume growth has softened in some regions, such as Europe and the Americas, due to uncertain economic conditions. Volumes at our flagship Jebel Ali terminals remain robust, with growth of 2.3%.

“Looking ahead, the near-term outlook remains somewhat uncertain, given the geopolitical backdrop, high inflation and currency fluctuations. However, we expect our portfolio to deliver a stable performance in 2023 as we remain focused on driving revenue synergies from our recent acquisitions while managing costs and growth capex.”

[1] 1Q2023 Drewry estimate

","pubDate":"Thu, 27 Apr 2023 07:06:30 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/6d898cfc-4f3b-4878-a528-508e01309739/500_yardattheport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/6d898cfc-4f3b-4878-a528-508e01309739/500_yardattheport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/6d898cfc-4f3b-4878-a528-508e01309739/yardattheport.jpg?10000","ppImageTitle":"Yard at the port","ppImageDescription":"default"},{"title":"DP World achieves record throughput at Dakar Container Terminal","link":"https://www.dpworld.com/news/dp-world-achieves-record-throughput-at-dakar/","guid":"https://www.dpworld.com/news/dp-world-achieves-record-throughput-at-dakar/","caseid":"569931","subtitle":"A record 76,282 TEU handled in March 2023","description":"

DP World has achieved a record container handling performance at the Port of Dakar, handling 76,282 TEU during March, the highest throughput in a single month since DP World began operations in Senegal in 2008.

Since then, DP World has invested nearly $300 million to upgrade and expand the terminal. These investments have increased productivity by 200% and reduced vessel waiting time from an average of 35 hours to zero. This has also led to increased trade, economic growth and the creation of both direct and indirect jobs, as well as improved access to goods for communities in Senegal and the wider region.

DP World's successive investments in the Port of Dakar have transformed the terminal into the best-performing in West Africa and one of the best on the continent, steadily increasing productivity from 265,000 TEU per year in 2008 to 738,000 TEU per year in 2022.

Clarence Rodrigues, CEO of DP World Dakar, said: “This record performance in March is the result of excellent teamwork, detailed planning and execution, while at the same time ensuring the highest levels of safety and risk management. We managed to achieve this while maintaining our current high-performance levels. A more productive container terminal allows us to attract more vessels and further strengthen the Port of Dakar's position as a regional trade hub.”

Mountaga Sy, CEO of the Port Autonome de Dakar (Dakar Port Authority), said: “The constant increase in productivity at the container terminal is helping to boost trade in Senegal and the sub-region. This is in line with the vision of the Head of State as expressed in the Plan Senegal Emergent, which aims to strengthen the position of Senegal as a privileged point of entry for transit to the sub-region.”

","pubDate":"Tue, 18 Apr 2023 07:43:12 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/28eb7ae1-0bb3-4b13-b397-6ffe7644eafa/500_dji-0078.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/28eb7ae1-0bb3-4b13-b397-6ffe7644eafa/500_dji-0078.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/28eb7ae1-0bb3-4b13-b397-6ffe7644eafa/dji-0078.jpg?10000","ppImageTitle":"DJI_0078"},{"title":"DP World sets new Southampton record for handling containers on ship","link":"https://www.dpworld.com/news/dp-world-southampton-record-for-handling-containers/","guid":"https://www.dpworld.com/news/dp-world-southampton-record-for-handling-containers/","caseid":"568183","subtitle":"Southampton's team has broken its all-time move count record after handling more than 9,000 containers on a ship","description":"

DP World’s team at Southampton has broken its all-time move count record after handling more than 9,000 containers on a ship which visited the logistics hub last week.

The Ocean Network Express vessel ONE Trust docked at Southampton after sailing from Pusan in South Korea. Some 9,315 containers were exchanged, including 5,824 discharges, 3,473 loads and 18 re-stows, taking 86 hours to complete. This call broke by 13% the previous terminal record of 8,213 moves set by the MOL Truth two years ago.

Steve McCrindle, DP World's Port Operations Director at Southampton, said: “We are committed to consolidating Southampton’s position as the most productive port in the UK, turning vessels around faster than any of our competitors. Our performance on ONE Trust was made possible by our new ten crane operating model, which enables us to concentrate more cranes on a vessel while continuing to service other customers at the same time, thereby boosting our productivity.

“After the disruption of recent years, shipping lines and cargo owners are looking for capacity, reliability and growth opportunities. We are providing it, enabling customers to move goods smoothly and efficiently in and out of the UK and across their supply chains.”

DP World – whose global network of ports and terminals enable goods to move seamlessly and securely around the world – runs the UK’s most advanced logistics hubs at London Gateway and Southampton: two deep water ports with access to freight rail terminals and a rapidly expanding logistics park on the doorstep of the capital. Between them they moved a record volume of cargo (3,850,000 TEU) in 2022.

Over the last 10 years, DP World has invested £2 billion in the UK. Over the next 10 years, it has earmarked a further £1 billion of investment, including to further increase the productivity and capacity of its two UK logistics hubs. Construction is currently underway at London Gateway on a new £350 million fourth berth, which will lift capacity by a third when it opens in 2024.

","pubDate":"Thu, 30 Mar 2023 10:54:25 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/c50e4040-2e86-49d2-9adc-0abdc7e4bb46/500_thumbnail-onetrust1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/c50e4040-2e86-49d2-9adc-0abdc7e4bb46/500_thumbnail-onetrust1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/c50e4040-2e86-49d2-9adc-0abdc7e4bb46/thumbnail-onetrust1.jpg?10000","ppImageTitle":"thumbnail_ONE Trust (1)"},{"title":"DP WORLD EXPANDS OFFERING AT BERBERA PORT WITH NEW EDIBLE OIL TERMINAL","link":"https://www.dpworld.com/news/dp-world-expands-offering-at-berbera/","guid":"https://www.dpworld.com/news/dp-world-expands-offering-at-berbera/","caseid":"568070","subtitle":"New facility will be a game changer in the Horn of Africa, reducing logistics costs for a key commodity and creating vital local jobs","description":"

DP World has kicked off the development of a new edible oil terminal at the Port of Berbera in Somaliland, which will reduce supply chain costs and create vital local jobs. It has already agreed to a long-term lease for the facility.

The edible oil terminal will be the latest addition to Berbera’s growing trade ecosystem, following the recent opening of the Berbera Economic Zone (BEZ), 15 km from the port along the Berbera to Wajaale road (Berbera Corridor) that connects to Addis Ababa in Ethiopia.

DP World plans to transform Berbera, which sits alongside one of the world’s busiest sea routes, into an integrated maritime, logistics and industrial trade hub to serve the Horn of Africa, a region with a population of more than 140 million people.

The terminal will initially have a storage capacity of 18,000 tonnes, which will be expanded as demand grows. It will be able to service vessels with a draught of up to 16 metres, allowing Berbera Port to handle bulk imports of edible oil for the first time. The ability to import oil in bulk and package it locally will make edible oil more affordable for people in the region and create jobs locally.

The initial phase of the terminal is already fully leased on a long-term basis to Mzahim Investment LLC, a subsidiary of Essa Al Ghurair Investments (EGI) of the United Arab Emirates. Mzahim Investment will also develop a local packaging plant in Berbera to supply existing customers in Somaliland and the wider Horn of Africa, which could employ up to 100 people.

Suhail Albanna, CEO and Managing Director of DP World Middle East and Africa, said: “Our development of the edible oil terminal is a game changer for the region and is another example of how we are reducing the cost to trade by finding solutions that meet the needs of our customers, while having a positive impact on local communities in terms of job creation and easier access to goods. As part of the Berbera port and economic zone ecosystem, this facility is the type of integrated port infrastructure that attracts international investors such as EGI looking to get closer to their customers.”

Essa Abdulla Al Ghurair, Chairman of Essa Al Ghurair Investments, said: “As a UAE-based family business, we have traded with the region for nearly 40 years. Having a facility in Berbera will continue to strengthen our business ties with the region. The presence of DP World played a significant role towards encouraging businesses like ours to invest in the region. The Berbera edible oil facility will allow us to manufacture locally, ensuring essential commodities such as edible oil are affordable and freshly available to the locals. Through manufacturing, we can play a role in creating employment and nurturing talent, especially in the skilled and semi-skilled workforce.”

","pubDate":"Wed, 29 Mar 2023 13:15:01 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/d743ecd7-254b-4fb8-9b92-84c61456fa46/500_2023-03-29image.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/d743ecd7-254b-4fb8-9b92-84c61456fa46/500_2023-03-29image.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/d743ecd7-254b-4fb8-9b92-84c61456fa46/2023-03-29image.jpg?10000","ppImageTitle":"2023_03_29 Image"},{"title":"DP World opens one-stop refrigerated container facility in Sydney to serve growing demand","link":"https://www.dpworld.com/news/dp-world-opens-refrigerated-container-facility-in-sydney/","guid":"https://www.dpworld.com/news/dp-world-opens-refrigerated-container-facility-in-sydney/","caseid":"567968","subtitle":"The facility is the largest of its kind in Sydney and one of the biggest in Australia","description":"

DP World has announced the opening of Reefer World, a new one-stop refrigerated container facility in Sydney, which will provide a wide range of reefer cleaning and repair services to customers in Australia and New Zealand.

The dedicated reefer facility is the largest of its kind in Sydney and one of the biggest in Australia, offering various reefer solutions, such as pre-trip wash, inspection and structural repairs, to enhance efficiency and ensure the quality and freshness of perishable cargo delivered to destinations around the globe.

With the opening of this state-of-the-art facility, DP World is doubling its capacity to supply empty reefers, with the ability to pre-trip and wash more than 100 reefer containers daily and capture growing demand for exports from key markets including Brisbane and Melbourne, and also in New Zealand covering Auckland and Tauranga.

Reefer World’s strategic location adjacent to the DP World Sydney Terminal provides customers not just with seamless access to end-to-end cold chain solutions, but also quicker turnaround time through coordinated container movement, cleaning, repairs, customs clearance and storage services. The mega logistics park in Port Botany is well-connected to motorways and has an on-dock rail siding improving rail access into and out of the terminal.

The announcement follows key investment and initiatives by DP World as part of its ongoing strategy to grow and strengthen its operations in Australia.

Andrew Adam, CEO, DP World Australia, said: “As businesses continue to build greater agility, reliability and resilience into their supply chains, Reefer World will help to facilitate the timely and efficient flow of perishable goods, while addressing increased export demand in the region. Its completion further expands DP World’s footprint as one of the largest container terminals and logistics park operators in Australia and cements our position as the go-to partner for customers requiring innovative, agile and scalable end-to-end logistics solutions.”

","pubDate":"Tue, 28 Mar 2023 17:54:04 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/37aae06b-f56a-4b64-8696-20061af74bb3/500_20230316-dji-0070.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/37aae06b-f56a-4b64-8696-20061af74bb3/500_20230316-dji-0070.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/37aae06b-f56a-4b64-8696-20061af74bb3/20230316-dji-0070.jpg?10000","ppImageTitle":"20230316-DJI_0070"},{"title":"DP World’s overseas logistics investments since 2012 cross $10 billion mark","link":"https://www.dpworld.com/news/dp-worlds-overseas-logistics-cross-10-billion-mark/","guid":"https://www.dpworld.com/news/dp-worlds-overseas-logistics-cross-10-billion-mark/","caseid":"567120","subtitle":"DP World is the only firm from outside Europe and the US among the top-five overseas investors in the global logistics sector","description":"

DP World has invested more than $10 billion (AED37.3 billion) in the global logistics sector since 2012, making it one of the top five overseas investors in this period, according to the latest foreign direct investment (FDI) data released by leading industry consultants.

The FT’s FDI Intelligence recently published its top five list for 2022, which ranks DP World fifth in the world by total value of direct investments allocated to the overseas logistics services sector.

DP World's investments over the past year totalled $320 million (AED1.18 billion) despite demand for logistics services stalling as the global economy slowed. 2023 forecasts expect single-digit demand growth in the industry.

Other firms in the top five include US giant Amazon and AP Moller Maersk from Denmark. DP World is the only firm in the top five based outside of the US or Europe.

Commenting on the ranking, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “The data shared by FDI Intelligence demonstrates where we stand globally within the logistics sector, not only in the last year but consistently over the last 10 years. DP World’s companies touch people’s lives around the world every day. Sometimes it is tangible, and sometimes we are in the background making sure people and businesses get the goods they require. Our infrastructure opens untapped trade opportunities, grows economies and makes goods more affordable. Investing in developing economies helps trade go further, facilitates economic growth, attracts foreign investment and generates thousands of jobs – raising the quality of life for everyone.”

The latest “Trade in Transition” study in January, commissioned by DP World and led by Economist Impact, revealed the emergence of major shifts in globalisation, as companies rushed to move manufacturing closer to home to protect against supply chain disruptions while increasingly protectionist policies are breaking the world into trade blocs. Its key finding is that 96% of companies are making changes to their supply chains due to geopolitical events.

One of the company’s key priorities in 2022 was to broaden its partnerships to unlock this trade potential. DP World enhanced its relationship with India’s National Infrastructure Investment Fund (NIIF) to raise approximately $300 million (AED1.1 billion) and created a new investment platform with the British International Investment Group to accelerate investment in Africa.

The continent has been a key focus area, with the development of the Port of Ndayane, Senegal, representing the beginning of a $1 billion investment. This is DP World’s largest port investment in Africa and the largest single private investment in the history of Senegal. The nearby Dakar port is credited with a 10% uplift in Senegal’s GDP growth, so the new port will reinforce Senegal’s position as a trade hub in West Africa and further its development through the next century.

Plans are also progressing to expand the capabilities of operations in Caucedo, Dominican Republic while the Callao Port expansion in Peru will create one of the single biggest terminals in South America once it is completed later this year.

The UK has been another key destination for investment. Over the last decade, DP World has invested £2 billion (AED 8.99 billion) in the UK, supporting thousands of jobs. For the next 10 years, the logistics provider has earmarked a further £1 billion of investment, with a £350m new fourth berth at London Gateway now well under construction.

In Romania, DP World is also building new infrastructure at the Port of Constanta – including a new roll-on/roll-off (RO-RO) terminal -- to turn it into one of the most critical cargo and vehicle hubs on the Black Sea, a key gateway for trade into Eastern Europe.

","pubDate":"Sun, 26 Mar 2023 13:29:07 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/b3b5f098-21ea-4e65-b378-d407cccd19a9/500_truckontheroadontheroute.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/b3b5f098-21ea-4e65-b378-d407cccd19a9/500_truckontheroadontheroute.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/b3b5f098-21ea-4e65-b378-d407cccd19a9/truckontheroadontheroute.jpg?10000","ppImageTitle":"Truck on the road on the route","ppImageDescription":"truck on the road on the route 66"},{"title":"DP World and Delhi Capitals announce long-term partnership","link":"https://www.dpworld.com/news/dp-world-and-delhi-capitals-announce-partnership/","guid":"https://www.dpworld.com/news/dp-world-and-delhi-capitals-announce-partnership/","caseid":"567111","subtitle":"The partnership extends beyond logistics to a shared vision of high-performance premised on innovation","description":"

DP World and Delhi Capitals have announced a long-term partnership. DP World, a leading provider of smart end-to-end logistics, is now the Global Logistics Partner of the popular cricket franchise.

The new multi-year partnership unveiled at the Leela Palace Hotel in New Delhi, will see DP World featured prominently on the back of Delhi Capitals official match jerseys as well as training gear.

The partnership extends beyond logistics to a shared vision of high-performance premised on innovation. This vision also resonates well with the Indian capital, New Delhi, a multi-cultural city and a global hub, that like DP World, connects across borders.

Rizwan Soomar, CEO & MD India Subcontinent & Sub-Saharan Africa, DP World, said: “Over the years, cricket has transformed itself, with ever evolving formats unlocking enormous potential for players across the world and making the game engaging and exciting for a diverse set of audiences. Similarly, DP World is relentlessly focused on innovation, constantly seeking out new opportunities to revolutionise global trade and open opportunities for our customers to grow. We are delighted to announce this partnership bringing together two leading organisations that are ready to go beyond conventional boundaries to change what’s possible for everyone.”

DP World, through its world-class multimodal logistics capabilities spread across more than 75 countries, ensures seamless movement of trade around the world, including India. The company plays a critical role in supporting the game of cricket across the world. From transporting the cork of cricket balls to moving the willow that is used for making bats, DP World’s agile, reliable and transparent supply chain solutions are helping make cricket possible for players across the globe.

Speaking about the new partnership, Dhiraj Malhotra, CEO, Delhi Capitals, said: “We are excited to sign a multi-year partnership with DP World. The organisation is a global leader in logistics and therefore it's a huge privilege for us to have DP World as our Global Logistics Partner. The organisation has a strong global presence, and it will certainly help us grow the Delhi Capitals brand.”

The 2022 T20 season was viewed by over 400 million fans across the globe, making it one of the largest sporting events in the world. Partnering with Delhi Capitals provides DP World with a vibrant platform to engage with customers, prospects and stakeholders within India and beyond.

The new partnership is part of DP World’s growing global portfolio of cricket partnerships. The company is the title partner of the DP World ILT20 in the UAE, and the naming rights partner of the DP World Lions and the iconic DP World Wanderers Stadium in Johannesburg. The company also became the title partner of the DP World Asia Cup, that took place in the UAE in 2022.

DP World will begin their exciting journey with Delhi Capitals with one of cricket’s most brilliant minds, Ricky Ponting guiding the team, against Lucknow Super Giants on 1 April 2023. The season will see Delhi Capitals returning home to the Arun Jaitley Cricket Stadium after 3 years.

","pubDate":"Sat, 25 Mar 2023 05:56:33 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/82588dd1-f912-4d37-934e-966f36078ddf/500_dpworldisnowtheofficialgloballogisticspartnerofdelhicapitals.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/82588dd1-f912-4d37-934e-966f36078ddf/500_dpworldisnowtheofficialgloballogisticspartnerofdelhicapitals.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/82588dd1-f912-4d37-934e-966f36078ddf/dpworldisnowtheofficialgloballogisticspartnerofdelhicapitals.png?10000","ppImageTitle":"DP World is now the official Global Logistics Partner of Delhi Capitals"},{"title":"Al Naboodah Group joins DUBUY.com to enter new markets through DP World’s network of global logistics","link":"https://www.dpworld.com/news/al-naboodah-group-joins-dubuycom/","guid":"https://www.dpworld.com/news/al-naboodah-group-joins-dubuycom/","caseid":"566869","subtitle":"New partnership will accelerate Al Naboodah Group’s business-to-business trade, providing visibility of products at the click of a button","description":"

DUBUY.com has welcomed the UAE’s Al Naboodah Group onto its wholesale e-commerce platform to help accelerate its growth, by providing instant access to new markets via its online business-to-business marketplace.

Al Naboodah Group, one of the oldest family conglomerates in the Middle East, will partner with DP World’s innovative and trusted platform DUBUY.com to sell its diverse portfolio of brands. By providing end-to-end supply chain solutions, DUBUY.com will provide a gateway for the group of companies to enter new international markets.

The product-led parts of Al Naboodah Group, such as the electrical, agriculture and auto-parts divisions, will see benefits in the partnership and thanks to the collaboration with DUBUY.com, customers registered on the platform will be able to buy wholesale products across a variety of categories from Al Naboodah Group at the click of a button. It will also provide a secure and reliable supply chain for getting the goods from A to B, through DP World’s global ports and logistics network.

Commenting on the partnership, Mahmood Al Bastaki, COO of Digital Trade Solutions at DP World, said: “We are proud to welcome Al Naboodah Group to DUBUY.com and we are looking forward to building a long term mutually beneficial partnership here. By being part of the platform, Al Naboodah Group will enjoy greater visibility and access to markets such as Africa to accelerate its growth. It will also enable them to trade using a unique combination of advanced technology and DP World physical infrastructure – which includes reliable fulfilment, secure financial transactions and the safe movement of goods.

“DUBUY.com has been operating as a trusted online marketplace for buyers and sellers since November 2021, and in this relatively short time, we have accrued more than 10,000 registered customers, 2,000 registered vendors, and have facilitated the trade of more than 1.4 million products every day. This latest news is a testament to the major growth in e-commerce solutions, and we’re proud at DP World to be at the forefront of digital innovation.

“We have no doubt that Al Naboodah will grow their business further, and we look forward to more UAE companies joining our platform to open up to the rest of the world,” Al Bastaki added.

This fully integrated e-commerce platform brings buyers and sellers together with a single window for transactions, payment and delivery; cross-border business-to-business (B2B) settlement, as well as domestic B2B and business-to-consumer (B2C) capabilities. Al Naboodah Group joins a diverse range of businesses already trading on the e-commerce platform.

Swaidan Saeed Juma Al Naboodah, Chairman of Al Naboodah Commercial Group, said: “As a leading Group of companies with a strong heritage in the UAE, we are honoured to start the cooperation with the e-commerce platform DUBUY.com by DP World. We are proud to strengthen our strategic partnership with DP World, by growing the strong roots we have cemented in the UAE, by expanding into new markets. The technology and the scale that DP World provides via DUBUY.com is unprecedented and we are looking forward to the mutual rewards both parties will benefit from when it comes to providing greater breadth of products for buyers across muti-territories at the click of a button. We will enjoy greater access to key markets – such as Africa – and we are proud to be able to scale our operations with a trusted platform.”

","pubDate":"Thu, 23 Mar 2023 08:10:48 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/88212fa4-e5d7-4c5a-b3ad-11cab13d6099/500_124b842a-ced3-4df9-9f7e-e448f0d69a4e.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/88212fa4-e5d7-4c5a-b3ad-11cab13d6099/500_124b842a-ced3-4df9-9f7e-e448f0d69a4e.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/88212fa4-e5d7-4c5a-b3ad-11cab13d6099/124b842a-ced3-4df9-9f7e-e448f0d69a4e.jpeg?10000","ppImageTitle":"124b842a-ced3-4df9-9f7e-e448f0d69a4e"},{"title":"DP World named Platinum Partner of Fremantle Dockers","link":"https://www.dpworld.com/news/dp-world-named-platinum-partner-of-fremantle-dockers/","guid":"https://www.dpworld.com/news/dp-world-named-platinum-partner-of-fremantle-dockers/","caseid":"565381","subtitle":"Multi-year agreement with the AFL club part of DP World’s commitment to strengthen brand and community connections in Australia","description":"

DP World and Fremantle Football Club have signed a multi-year agreement with DP World becoming the Platinum Partner of the Club for both the Australian Football League (AFL) and the AFL Women’s (AFLW) teams.

The DP World brand will appear across the collar and chest of the attire of Fremantle’s AFL senior coach Justin Longmuir and his coaching staff, as well as on both the AFL and AFLW playing shorts.

As a leading port and terminal operator in Australia, DP World shares similar values with Fremantle Football Club in enriching the community, delivering innovative thinking and creating greater connections with their stakeholders. The two organisations will work closely to ensure the Club continues to move towards an era of sustained success within the AFL and enable DP World to leverage the Fremantle Dockers’ profile to grow its brand in Australia.

DP World’s business operates in several Australian locations including the DP World Fremantle Port in Perth. DP World Fremantle is Western Australia’s largest and busiest general cargo port, strategically connecting Australia’s west coast with Asian trading hubs and beyond.

Glen Hilton, CEO & Managing Director of DP World APAC & Australasia, said: “Fremantle were a natural choice with their deep and historic ties to Fremantle, the port city and their bold vision to grow as an organisation. We are thrilled to join forces with the Fremantle Football Club at an extremely exciting time for both DP World and Australian sport. We take great pride in accelerating growth across our regions and delivering value to customers and partners. This partnership will assist us in doing that alongside one of the most exciting and dynamic clubs in the AFL and AFLW. This is a great opportunity, and we look forward to supporting the Freo Dockers across what is sure to be a successful season.”

Simon Garlick, CEO of Fremantle, said: “We are really fortunate to have an innovative organisation like DP World join the Freo family. Our whole fabric of a football Club has been built on the ‘Docker Spirit’ from the wharfs and creating connection to our members and fans. We feel DP World are a business that pays homage to their heritage and humble beginnings on the wharfs but also have a strong focus on the future by creating new and innovative ways to better connect with their customers. Our vision as a Club is to leave a powerful legacy, so by having a solutions provider like DP World on our team ensures that we give ourselves every opportunity to achieve that.”

","pubDate":"Tue, 21 Mar 2023 11:10:40 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/501f4a4e-e9c8-4c6c-a1d4-f4b108b3569b/500_a02i3518-web1.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/501f4a4e-e9c8-4c6c-a1d4-f4b108b3569b/500_a02i3518-web1.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/501f4a4e-e9c8-4c6c-a1d4-f4b108b3569b/a02i3518-web1.jpeg?10000","ppImageTitle":"A02I3518-web[1]"},{"title":"DP World to launch new air cargo logistics hub in Dominican Republic’s Punta Cana","link":"https://www.dpworld.com/news/dp-world-launch-air-cargo-logistics-in-dominican-republic/","guid":"https://www.dpworld.com/news/dp-world-launch-air-cargo-logistics-in-dominican-republic/","caseid":"565202","subtitle":"Partnership with Grupo Puntacana will expand role of Dominican Republic as key freight and logistics centre serving global markets","description":"

DP World and Grupo Puntacana have announced a joint effort to develop a new air cargo logistics hub in Punta Cana, Dominican Republic, boosting the country's position as the largest trade and logistics centre in the Caribbean.

The new facility is being created through an agreement between DP World and the Punta Cana Free Trade Zone (PCFTZ), a company of Grupo Puntacana. It will include a new logistics centre and infrastructure platforms capable of supporting multimodal air, land and sea cargo. Operations are expected to commence in late second quarter 2023.

The logistics centre will harness DP World's extensive Dominican Republic multimodal cargo management experience and world-class standards for handling logistics operations globally, as well as the high connectivity of the Punta Cana International Airport (PUJ) to global distribution centres. DP World began operations in the Dominican Republic in 2003 at its port facility at the Punta Caucedo peninsula, a strategic place for the redistribution of cargo to the Caribbean, the United States, Central America and South America.

In addition, the agreement will launch the deployment of a robust regional commerce strategy to attract a greater volume of re-export and import cargo to and from major global commercial, industrial, technology and agricultural markets. The project also aims to generate greater investments in logistics services, increasing demand for logistics-related labour and triggering growth and diversification in the economy of the Dominican Republic.

“This new air cargo logistics centre with Punta Cana Free Trade Zone allows us to expand the range of services we can provide to our increasingly diverse customer base and help boost the country's competitiveness. The facility will place the Dominican Republic on the world map as an air cargo hub for an increasingly broad range of products from around the region,” said Morten Johansen, CEO of DP World’s operation in the Dominican Republic.

“Our objective is to form alliances to increase connectivity in the nation and across the region. The more connectivity we can generate, whether by air or sea, the more attractive the Dominican Republic becomes for manufacturing and logistics companies in the Americas and beyond,” added Johansen.

Frank Elías Rainieri, Chairman and Founder of Grupo Puntacana, added: “This new air hub venture allows us to leverage the expanding transportation infrastructure of Punta Cana and accelerate the Dominican Republic’s transformation into the most important logistics hub in the region. Both DP World and Punta Cana International Airport are regional leaders in the airport, maritime and logistics sectors, and this project will be a unique opportunity to boost the economic and social progress of the Dominican Republic.”

","pubDate":"Sat, 18 Mar 2023 11:30:11 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/86545959-765a-48e0-bb5f-c218b7df1623/500_aircargohub1.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/86545959-765a-48e0-bb5f-c218b7df1623/500_aircargohub1.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/86545959-765a-48e0-bb5f-c218b7df1623/aircargohub1.jpeg?10000","ppImageTitle":"Air Cargo Hub 1"},{"title":"WLP welcomes 14 strategic Vietnamese partners to its growing network of international traders","link":"https://www.dpworld.com/news/wlp-welcomes-14-strategic-vietnamese-partners/","guid":"https://www.dpworld.com/news/wlp-welcomes-14-strategic-vietnamese-partners/","caseid":"564706","subtitle":"The programme offers customised benefits for its members to reduce costs, save time, remove trade barriers and facilitate access to global markets","description":"

World Logistics Passport (WLP), a Dubai-led global initiative designed to smooth the flow of world trade, has welcomed 14 Vietnamese partners to its global freight loyalty programme, to promote logistics business and benefit the traders and freight forwarders.

The agreements come after collaboration with the Ministry of Industry and Trade of Vietnam (MOIT), Vietnam Logistics Business Association (VLA) and the UAE Embassy in Vietnam.

Launched in 2020, the programme now has strategic partners in 29 global hubs in over 45 countries worldwide, offering customised benefits for its members to reduce costs, save time, remove trade barriers, unlock multimodal trade, smooth the overall trade journey for traders and facilitate access to global markets.

The two signing ceremonies were held in Ha Noi and Ho Chi Minh cities, and signed by Abdulla AlSuwaidi, WLP’s Global Hubs and Partners Manager, with dignitaries and representatives from public and private sector in the logistics industry. It was attended by H.E. Dr Bader Abdulla AlMatrooshi, UAE ambassador to Vietnam, Tran Hoang Hai, Deputy Director General of MOIT, Lê Duy Hiêp, Chairman of VLA, alongside other government officials.

In Hanoi city, WLP signed five partnership agreements with; Vietnam Airlines (VNA), Railway Transport and Trade Joint Stock Company (Ratraco), T&Y Superport Vinh Phuc Joint Stock Company (Vietnam SuperPortTM), Vietnam Shippers’ Council (VNSC), and Vietnam Coffee and Cocoa Association (Vicofa).

In Ho Chi Minh city, WLP signed other agreements with; T&M Forwarding Limited (T&M Forwarding), Asean Cargo Gateway Joint Stock Company (ACG), DTK Logistics Solutions Limited Liability Company (DTK), VietJet Aviation Joint Stock Company (Vietjet Air), Sotrans Logistics One Member Company Limited (Sotrans Logistics), Lotus Joint Venture Company (Lotus Port), Gemadept Corporation (Gemadept), Saigon Premier Container Terminal (SPCT) and Saigon Port Joint Stock Company (SGP).

These bring the total number of partners in Vietnam to 20.

H.E. Dr Bader Abdulla AlMatrooshi, UAE Ambassador to Vietnam, said: “The UAE is Vietnam’s biggest trade partner in the Middle East with approximately US$8 billion of trade last year. With unique business initiatives like WLP, we will see even bigger trade volumes by enhancing the economic and trade benefits to the member partners of its network. Therefore, we expect more partners to join. We look forward to further working with the Ministry of Industry and Trade and other Vietnamese government entities to take our bilateral relations to new heights.”

Tran Hoang Hai, Deputy Director General of MOIT, said: “Facilitating trade and improving national competitiveness has always been important to the trade industry and the national logistics ecosystem in Vietnam. With the launch of the WLP programme in the country, I hope our logistics industry will achieve a lot of success and enhance Vietnam's logistics connectivity with the world through WLP’s network.”

Lê Duy Hiêp, Chairman of Vietnam Logistics Business Association, said: “The successful implementation of the WLP programme will help conduct trade and logistics activities between Vietnam and the countries in WLP’s network more smoothly, especially the markets of Africa and Latin America, where Vietnamese businesses do not have strong direct logistics relationships. As WLP’s partner in Vietnam, VLA will make every effort to promote WLP to a great success.”

Abdulla AlSuwaidi, WLP’s Global Hubs and Partners Manager, said: “WLP is a network of multilateral trade that aims to create frictionless trade beyond borders. We provide tailored benefits to help traders save costs and time and open new market opportunities. We are strategically selecting the right partners in the logistics and supply chain industry to address trade barriers and work towards increasing various import and export commodities across all hubs.”

","pubDate":"Wed, 15 Mar 2023 09:53:01 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/cb49e1de-2b34-4e1c-9459-70781ae632fe/500_vietnamese.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/cb49e1de-2b34-4e1c-9459-70781ae632fe/500_vietnamese.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cb49e1de-2b34-4e1c-9459-70781ae632fe/vietnamese.jpg?10000","ppImageTitle":"Vietnamese"},{"title":"DP World’s Pusan terminal is world’s first to implement BOXBAY high-bay storage system","link":"https://www.dpworld.com/news/dp-worlds-pusan-terminal-first-to-implement-boxbay/","guid":"https://www.dpworld.com/news/dp-worlds-pusan-terminal-first-to-implement-boxbay/","caseid":"563951","subtitle":"Pusan Newport Corporation has commenced work to integrate BOXBAY technology following a successful proof of concept at Jebel Ali","description":"

DP World has announced the first commercial use of its revolutionary BOXBAY high-bay storage system at their terminal in Pusan, South Korea.

A contract was signed on 8th March between Pusan Newport Corporation (PNC) and Boxbay FZCO – a joint venture of DP World and German plant technology supplier, SMS group – initiating the design and engineering works for the site. The signing took place in Jebel Ali Free Zone, Dubai, and was signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Burkhard Dahmen, Chairman and CEO of SMS group, the partners behind BOXBAY.

PNC already operates one of the highest performing container terminals in Asia. The addition of BOXBAY’s technology will allow PNC to boost its efficiency even further.

The BOXBAY high-bay storage technology will be seamlessly integrated along with the existing mode of ARMG/truck operations as a retrofit on an existing empty storage area. The system allows direct access to each container at any time, eliminating 350,000 unproductive moves per year. This will improve the overall truck servicing time by 20 percent, further improving PNC service delivery to its customers.

BOXBAY is fully automated with additional safety features built in. DP World also intends to power it by using solar power, generated by photovoltaic panels on the roof of the storage system, complementing DP World’s drive to decarbonise operations.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “If we were to imagine the future of trade, this is where it begins. We have taken a technology that has proven its effectiveness in the metals industry in Germany and further transformed it to create BOXBAY, an innovative container storage system to enhance global trade. Our pilot scheme in Jebel Ali has already shown the advantages of a fully automated, sustainably powered high-bay storage system. I’m proud that DP World has led this innovation that will now be adopted in Pusan. The technology reflects our continuous efforts to embrace technologies that enhance the flow of trade and further enhances Dubai’s position as a global leader in the ports and logistics industry.”

Tiemen Meester, COO Ports & Terminals, DP World, said: “We have long invested in new and innovative technology that will improve and modernise our ports and terminals. It’s a tremendous step forward to announce our first commercial use of BOXBAY. The PNC terminal is an exemplary operation that is already technologically advanced and forward focused. With the introduction of the BOXBAY high-bay storage system, we will be able to better serve our customers while keeping our people safe and cutting carbon emissions from the environment.”

Glen Hilton, CEO & Managing Director, DP World Asia Pacific & Australasia, said: “We are delighted to see this technology implemented first at one of our terminals. Safety, sustainability and efficiency are huge drivers for our business. We look forward to working with the PNC and BOXBAY teams to implement this system without any interruption to our current services.”

DP World developed BOXBAY in a joint venture with German plant technology supplier SMS group, who originally created the storage system to handle heavy metal coils. Having proven the technology in the metals industry, it was refined for port logistics. DP World and SMS built a pilot facility at Jebel Ali’s Terminal-4 in January 2021. By the end of June 2022, 190,000 container movements had been carried out under realistic operating conditions to verify the market maturity of the system.

DP World has a 66% stake in PNC, which handled 5.3 million TEUs in 2021. PNC operates in Pusan port, which is the tenth largest in the world.

","pubDate":"Wed, 08 Mar 2023 12:03:49 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/9f2388f2-88e0-4ec2-92ce-73a9a0e32bac/500_boxbay.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/9f2388f2-88e0-4ec2-92ce-73a9a0e32bac/500_boxbay.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/9f2388f2-88e0-4ec2-92ce-73a9a0e32bac/boxbay.jpg?10000","ppImageTitle":"BOXBAY"},{"title":"DP World and Somaliland Government open Berbera Economic Zone","link":"https://www.dpworld.com/news/dp-world-somaliland-open-berbera-economic-zone/","guid":"https://www.dpworld.com/news/dp-world-somaliland-open-berbera-economic-zone/","caseid":"563171","subtitle":"Aiming to create a business-friendly environment to attract investment and create jobs for Somaliland","description":"

DP World and the Government of Somaliland have inaugurated the new Berbera Economic Zone (BEZ), which along with the Port of Berbera, is transforming the area into a major trade hub in the Horn of Africa.

The first phase of the BEZ was officially opened by His Excellency Muse Bihi Abdi, President of Somaliland, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, at a special event attended by several hundred guests. These included representatives from DP World’s investment partner in the port and zone, British International Investment (BII), the UK’s Development Finance Institution (DFI) and impact investor.

The opening followed the inauguration of the new container terminal at Berbera Port in June 2021. DP World’s vision for Berbera is to develop it into a trade hub, taking advantage of its strategic location along one of the busiest sea routes in the world and access to the vast hinterland in the region, including Ethiopia.

The BEZ is located just 15 km from the port along the Berbera to Wajaale road (Berbera Corridor) that connects to Addis Ababa in Ethiopia, which needs multiple sea gateways to meet its trade requirements.

This integrated maritime, logistics and industrial hub will serve the Horn of Africa, a dynamic region with a population of more than 140 million people.

It is based on the highly successful model of DP World’s Jebel Ali Free Zone (Jafza) in Dubai. There will also be synergies between the two zones, where companies in Dubai can register for Berbera through the Jafza one-stop shop, while companies in Berbera can access Jafza’s incubation centre facilities.

The zone is designed to create a business-friendly environment to attract investment and create jobs for Somaliland. It includes a competitive and conducive environment, enabled by a new Special Economic Zone Law, Special Economic Zone Companies Law, fiscal and non-fiscal incentives, along with a one-stop shop for all registration and licensing requirements, modern offices, warehousing and serviced land plots.

DP World has already signed an agreement with IFFCO, a major UAE-based food company, to develop a 300,000 square feet edible oil packing plant in the BEZ and a dozen more companies operating across various sectors have already registered.

Speaking at the event, His Excellency Muse Bihi Abdi, President of Somaliland, said: “This is another proud and historic moment for Somaliland and its people. After the inauguration of the container terminal at Berbera Port, and now with the economic zone open for business, we are taking a major leap forward in realising our vision to establish Berbera as an integrated, regional trade gateway, which will be a key driver of economic growth, achieved through increased trade flows, foreign investment and job creation.”

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “The dynamics of global trade are changing, and there is a growing need for trade infrastructure, such as economic zones, with easy and fast access to international shipping. These will bring companies closer to their customers, improve their logistics and allow them to expand into new markets. The integration of Berbera port with the new Economic Zone is a great example of this, making Berbera a world-class trading ecosystem, now and for the future.”

Liz Lloyd, Chief Impact Officer of British International Investment, added: “We are very proud to be part of this important milestone to inaugurate the Berbera Economic Zone, which will provide a vital economic boost to Somaliland and support growth in the broader Horn of Africa region. The overall expansion of the port is expected to improve the quality of life and livelihoods for over a million Somalilanders, increasing the availability and affordability of goods and indirectly supporting over 53,000 jobs locally.”

The Master Plan for the BEZ covers more than 1,200 hectares and will be expanded over time as demand grows. With phase one now open, it offers serviced land plots for the construction of company facilities, 10,000 square metres of pre-built warehouses, build-to-suit facilities, open yard storage, a common user warehouse which DP World will operate to handle customers’ cargo, as well as office space with end-to-end IT services.

The Berbera Port is a multipurpose port with world-class infrastructure, including extensive bulk and breakbulk handling facilities, liquid cargo handling capability and a state-of-the-art container terminal. It has a deep draft of 17 metre, a quay of 400 metre and three ship-to-shore (STS) gantry cranes, which can receive the largest container vessels in operation today. It also has the capacity to handle 500,000 twenty-foot equivalent units (TEUs) a year. The terminal also includes a modern container yard with eight rubber tyred gantry cranes (RTGs) and a one-stop service centre.

The Berbera Port is a cornerstone of the economy. As a result of the expansion, it is expected to facilitate trade equivalent to approximately 27% of Somaliland’s GDP and 75% of regional trade by 2035. The BEZ will make trade easier for businesses in Somaliland and also the wider Horn of Africa. This will benefit a variety of sectors including exporters, importers and processors of livestock, agricultural and perishable goods, textiles and construction materials.

","pubDate":"Fri, 03 Mar 2023 06:29:01 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/dd027429-c499-4f06-bede-a8aab3422c7b/500_bezinauguration2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/dd027429-c499-4f06-bede-a8aab3422c7b/500_bezinauguration2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dd027429-c499-4f06-bede-a8aab3422c7b/bezinauguration2.jpg?10000","ppImageTitle":"BEZ inauguration 2"},{"title":"DP World to invest US$35M to boost container capacity in Brazil in 2023","link":"https://www.dpworld.com/news/dp-world-to-invest-us35m-in-brazil-in-2023/","guid":"https://www.dpworld.com/news/dp-world-to-invest-us35m-in-brazil-in-2023/","caseid":"563311","subtitle":"The move will increase cargo loading capacity and consolidate operations at Brazil’s Port of Santos","description":"

DP World is planning to invest US$35 million in 2023 to expand and modernise its facilities located on the left bank of Brazil’s Port of Santos. The port is one of the largest and most modern private multi-purpose port terminals in the country.

With the investment, the company plans to increase annual movement capacity from 1.2 million TEUs (unit equivalent to a twenty-foot container) to 1.4 million TEUs and expand the size of the quay from 1,100 metres to 1,300 metres. The terminal currently inhabits 845,000 square metres, with an additional 130,000 square metres available for expansion.

The port is also home to extensive cellulose pulp operations.

The project, which aims to ensure that port capacity remains ahead of growing demand, marks DP World’s third round of investment since operations began in Brazil in July 2013. To date, more than R$3 billion has been invested in the implementation and expansion of the terminal, which is strategically located with access to land, road and rail, enabling large-scale multi-purpose operations.

“Investing in the Port of Santos is a calculated move that reflects the port’s position as a critical artery for transportation and logistics in the region. We have a strong advantage in that the Port’s location – with surplus area and rail access – provides the opportunity to expand capacity. As a result, we have the flexibility to develop new projects that will support our cargo diversification strategy, helping to meet the needs of national economy sectors and positioning Brazilian products to be more competitive in the global market,” said Fabio Siccherino, CEO of DP World Santos.

","pubDate":"Fri, 03 Mar 2023 06:21:49 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/0edf1b55-6715-4ee9-8ab4-9dd217099234/500_2xestudio58--0026.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/0edf1b55-6715-4ee9-8ab4-9dd217099234/500_2xestudio58--0026.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/0edf1b55-6715-4ee9-8ab4-9dd217099234/2xestudio58--0026.jpg?10000","ppImageTitle":"(2x) Estudio58_-0026"},{"title":"DP World and Caspian Containers Company partner to help digitalise international trade","link":"https://www.dpworld.com/news/dp-world-and-caspian-partner-to-digitalise-trade/","guid":"https://www.dpworld.com/news/dp-world-and-caspian-partner-to-digitalise-trade/","caseid":"561190","subtitle":"This partnership will provide cargo owners with easy booking and shipment tracking via its ‘digital freight forwarder’ SeaRates platform","description":"

DP World has signed a cooperation agreement with the Caspian Containers Company SA (CCCSA) to help digitalise trade across the Greater Caspian Region and parts of Africa, by using innovative technology to enable the booking and tracking of shipments at the click of a button.

CCCSA is a subsidiary of the Integral Petroleum Group.

Through the implementation of DP World’s SeaRates, a digital platform that allows the process of identifying and booking cargo routes to take place in seconds, cargo owners will be able to compare quotes from multiple providers and make informed decisions on the optimal route for their shipments. Serving as a ‘digital freight forwarder’, the SeaRates platform will enable CCCSA’s customers to monitor the status and movement details of a container at any point during its journey, allowing full visibility as well as the efficient movement of items from A to B.

In addition to supporting the digitalising of trade, the partnership will further strengthen ties in the two growing markets of the Greater Caspian Region and Africa. The particular focus will seek to attract customers for project cargo shipments in Turkmenistan, Uzbekistan, Tajikistan, Kyrgyzstan and Afghanistan, as well as Mozambique, Democratic Republic of Congo, Nigeria, South Africa, Morocco, Tunisia, Ghana and Kenya in Africa.

The lack of standardisation in many Greater Caspian and African countries when it comes to transportation and logistics has made it difficult for customers to compare prices and services from different providers. As a result of the partnership with DP World’s SeaRates, CCCSA’s customers will be able to compare quotes from multiple providers and make informed decisions in minutes.

Mike Bhaskaran, Group Chief Technology Officer, Digital Technology, DP World, commented: \"There is a great opportunity to enable further development of the Greater Caspian Region and Africa’s trade routes to unlock more economic benefits. The digitalising of the supply chain will help us do this, with innovative technology such as SeaRates enabling cargo owners to find the most efficient routes to transport their goods via an online platform. As a technology leader in the supply chain and logistics space, we are proud of the role that we can play when it comes to providing digital products for all stakeholders in the value chain, and we look forward to building on the relationship we have with the Caspian Containers Company to facilitate the flow of trade\".

Murat Seitpesinov, Chairman of the Integral Petroleum Group, commented: \"As one of the leading players in commodity trading, logistics and related digital projects in the Greater Caspian Region, Integral Group is excited to partner with DP World, the leading global port operator and logistics integrator. This cooperation will drive adoption of innovative logistics solutions and digital technologies as well as facilitate trade in two regions with the highest growth potential in the World -- the Greater Caspian Region and Africa\".

Customers simply input the place of loading and required destination. SeaRates then offers the most streamlined way of making that delivery from its network of freight forwarders. It provides multiple shipment options to customers to enable them to check vessel schedules and track their shipments once the booking is made, all in one digital platform. If rates are not immediately available, SeaRates connects to CARGOES Logistics, a digital solution, providing access to instant online cargo booking, to work on a tailormade quote based on DP World-owned assets being used to ship a container.

","pubDate":"Tue, 21 Feb 2023 10:15:10 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/2d5f87fa-6668-496a-817a-3bc365b2fd66/500_image1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/2d5f87fa-6668-496a-817a-3bc365b2fd66/500_image1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/2d5f87fa-6668-496a-817a-3bc365b2fd66/image1.jpg?10000","ppImageTitle":"Image 1"},{"title":"WLP signs MoUs with Thai’s “Logistics Service Provider” and “National Shippers” to promote logistics business","link":"https://www.dpworld.com/news/wlp-signs-mous-with-thais-logistics-service-provider-and-national-shippers/","guid":"https://www.dpworld.com/news/wlp-signs-mous-with-thais-logistics-service-provider-and-national-shippers/","caseid":"559918","subtitle":"Thai exporters will benefit from WLP programme, which provides cost-efficient access to markets and fast-tracking of cargo","description":"

World Logistics Passport (WLP), a Dubai-led global initiative designed to smooth the flow of world trade, recently signed two MoUs with Thai Logistics Service Provider Federation (TLSPF) and the Thai National Shippers’ Council (TNSC). The MoUs aim to promote the growth of logistics business for exporters and shippers in Thailand, and to enhance trade opportunities and reduce costs through WLP’s global network of international traders and freight forwarders.

The signing ceremony was held at Anantara The Palm Dubai Resort and signed by Mahmood Al Bastaki, General Manager of World Logistics Passport, Suwit Ratanachinda, President of the Thai Logistics Service Provider Federation and Dr. Chaichan Chareonsuk, Chairman of the Thai National Shippers’ Council. It was attended by His Excellency Jurin Laksanawisit, Deputy Prime Minister of Thailand and Minister of Commerce and Sultan Ahmed Bin Sulayem, Chairman of Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and member of WLP Steering Committee, and other senior representatives from Thai delegation, DP World and WLP.

Mahmood Al Bastaki, General Manager of World Logistics Passport, said: “We are pleased to welcome ‘Thai Logistics Service Provider Federation’ and ‘Thai National Shippers Council’ to WLP initiative as we continue to strive towards being the most trusted logistics loyalty programme of choice for traders and shippers in Thailand and around the world. These strategic partnerships are critical for WLP’s expansion into Southeast Asia market. Thailand’s economy has great potential and we look forward to working with our partners in the country to expand new trade routes that will benefit Thai traders and shippers from our innovative and sustainable logistics and supply chain solutions”.

Suwit Ratanachinda, President of the Thai Logistics Service Provider Federation, said: “This MoU marks the beginning of a new chapter of promising trade opportunities for the Middle East, Africa and Latin America markets, utilising WLP’s growing network. Thai exporters are now able to receive fast-track service of cargo movement, cost-efficient access to markets, reduction of customs clearance times and removal of administrative costs”.

Dr. Chaichan Chareonsuk, Chairman of the Thai National Shippers’ Council, said: “We are pleased to have signed this MoU with WLP, which outlines a unique framework of cooperation to promote collaboration and establish successful economic activities, aiming to enhance the growth of Thai’s exports and explore new markets through WLP’s global network”.

","pubDate":"Thu, 16 Feb 2023 11:42:24 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/659dd847-faae-488c-8e11-0d37559488d8/500_image1-suwitratanachindapresidentoftlspfandmahmoodalbastakigmofwlp.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/659dd847-faae-488c-8e11-0d37559488d8/500_image1-suwitratanachindapresidentoftlspfandmahmoodalbastakigmofwlp.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/659dd847-faae-488c-8e11-0d37559488d8/image1-suwitratanachindapresidentoftlspfandmahmoodalbastakigmofwlp.jpg?10000","ppImageTitle":"Image 1 - Suwit Ratanachinda, President of TLSPF and Mahmood Al Bastaki, GM of WLP"},{"title":"McLaren Racing announces DP World as an Official Partner of McLaren Formula 1 Team","link":"https://www.dpworld.com/news/mclaren-racing-announces-dp-world-as-an-official-partner-of-mclaren-formula-1-team/","guid":"https://www.dpworld.com/news/mclaren-racing-announces-dp-world-as-an-official-partner-of-mclaren-formula-1-team/","caseid":"557241","subtitle":"DP World’s smart logistics solutions will bring clarity and simplicity to efficiently bridge McLaren’s global and complex supplier network","description":"

McLaren Racing today announced a major partnership with DP World, a leading provider of worldwide smart end-to-end supply chain logistics, as an Official Partner of the McLaren Formula 1 Team from 2023.

The partnership will support the McLaren F1 Team to drive enhanced efficiency, reimagining the team’s supply chain to make it faster, smarter and more sustainable.

DP World’s smart logistics solutions will bring clarity and simplicity to efficiently bridge McLaren’s global and complex supplier network, to support the ongoing development process and on-track performance gains.

At the same time, partnering with McLaren provides DP World with a global platform to engage with customers, prospects and stakeholders, and this partnership will form an essential part of its business growth plans in the automotive, technology and energy sectors.

DP World will also become the lead partner of McLaren APEX, McLaren’s off-track business-to-business event programme, promoting influential collaborations across McLaren’s expansive partner network and beyond.

From the 2023 F1 season, DP World branding will feature on the 2023 McLaren F1 cars and the overalls of McLaren F1 Drivers, Lando Norris and Oscar Piastri.

Mohammed Akoojee, Chief Operating Officer, Logistics, DP World, said: “We are delighted to join forces with Zak and the McLaren team at an extremely exciting time for both DP World and motorsports. We take great pride in leading innovation in global supply chains and this partnership will showcase our logistics capability alongside one of the most dynamic players in the sector. This is an amazing opportunity, and we look forward to supporting McLaren at all levels to enhance the sport, by providing smart logistic solutions that are transparent, sustainable and cost-efficient.”

Zak Brown, CEO, McLaren Racing, said: “We are thrilled to welcome DP World to the McLaren family. Logistics is a significant challenge in a global sport like Formula 1, and DP World’s smart solutions will help us enhance the efficiency of our partner and supply chain network, contributing to performance on and off the track.

“We are proud to partner with a brand that shares our values in sustainability, including our journey to reduce emissions from our sport. We look forward to going racing with DP World in 2023.”

","pubDate":"Wed, 08 Feb 2023 11:07:44 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_mclarenracingxdpworldpartnershipannouncement-primary.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_mclarenracingxdpworldpartnershipannouncement-primary.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/mclarenracingxdpworldpartnershipannouncement-primary.jpg?10000","ppImageTitle":"McLaren Racing x DP World Partnership Announcement_Primary"},{"title":"DP World sets new record for UK volumes","link":"https://www.dpworld.com/news/dp-world-sets-new-record-for-uk-volumes/","guid":"https://www.dpworld.com/news/dp-world-sets-new-record-for-uk-volumes/","caseid":"557239","subtitle":"Combined, London Gateway and Southampton handled a record 3,850,000 TEUs in 2022","description":"

DP World saw a 5% rise in the volume of trade handled by its two hubs in the UK last year, as the leading provider of smart logistics solutions continued to extend its reach further into the supply chain.

London Gateway alone reported a 14% rise in volumes to 2,053,000 TEU – the first time it has ever exceeded two million units in a year, consolidating its position as Britain’s second biggest container terminal. Together with Southampton, the two terminals handled a record 3,850,000 TEU compared with 3,675,000 in 2021.

Ernst Schulze, UK Chief Executive of DP World, said: “We help trade flow across the globe and this outstanding performance shows our ability to deliver on our commitment to boost growth, support businesses, create jobs and improve living standards in the UK.”

“Within a decade, London Gateway is likely to be handling up to 30% of the country's containerised trade. Its port-centric logistics park will be one of the largest in Europe, employing 12,000 people and underpinned by investment in a second rail terminal and a new fourth berth.”

“At Southampton, we are investing to future-proof the port by improving its infrastructure and introducing warehousing facilities for our customers. We are committed to expanding its capacity as well as making it one of Britain’s most sustainable ports.”

Last month, DP World recently partnered with Economist Impact to launch the latest edition of Trade in Transition, a global trade barometer. The research showed that companies in the UK experienced strong growth in 2022, with expansion of up to 50% in the value of exports reported by 62% of those surveyed. 53% reported a similar rise in the value of imports.

With a global network spanning more than 300 business units in over 75 countries, DP World is continuing to extend its capabilities across the UK supply chain, with the latest step the launch of a new intermodal train service in November connecting London Gateway and Southampton.

Over the last 10 years, DP World has invested £2 billion in the UK, supporting thousands of jobs. Over the next 10 years, the logistics provider has earmarked a further £1 billion of investment, with a £350m new fourth berth at London Gateway now well under construction.

","pubDate":"Mon, 06 Feb 2023 13:07:22 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_berth4aerial-rev1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_berth4aerial-rev1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/berth4aerial-rev1.jpg?10000","ppImageTitle":"Berth 4 Aerial - Rev 1"},{"title":"DP World reports ahead of market volume growth","link":"https://www.dpworld.com/news/dp-world-reports-ahead-of-market-volume-growth/","guid":"https://www.dpworld.com/news/dp-world-reports-ahead-of-market-volume-growth/","caseid":"557236","subtitle":"79.0 million TEUs handled across its global portfolio of container terminals in 2022","description":"

DP World Limited handled 79.0 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in full year 2022, with gross container volumes increasing by 1.4% year-on-year on a reported basis and up 2.8% on a like-for-like basis. On a 4Q2022 basis, DP World handled 19.5 million TEU, up 2.4% on a like-for-like basis.

2022 gross volume growth was broad based with Asia Pacific, Middle East & Africa, Australia, and Americas regions all delivering like-for-like growth. At an asset level, Jebel Ali (UAE), Jeddah (Saudi Arabia), Angola (Angola), Sokhna (Egypt), London Gateway (UK), Constanta (Romania), Caucedo (Dominican Republic), Posorja (Ecuador), DP World Santos (Brazil) and all our ports in Australia (Brisbane, Sydney, Fremantle and Melbourne) delivered a solid performance.

Jebel Ali (UAE) handled 14.0 million TEU in 2022, up 1.7% year-on-year.

At a consolidated level, our terminals handled 46.1 million TEU during 2022, increasing 1.5% on a reported basis and up 0.7% year-on-year on a like-for-like basis.

Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, commented: “We are delighted to report another solid volume performance with like-for-like growth of 2.8% in 2022, which is once again ahead of industry forecast of a marginal decline of -0.5%. This outperformance continues to demonstrate that we are in the right locations and our strategy to offer integrated supply chain solutions to beneficial cargo owners is bearing fruit.

“Growth was driven by Asia Pacific, Americas and Australia region. Encouragingly, Jebel Ali’s (UAE) high margin origin & destination cargo grew by 8.6%, with overall volume growth steady at 1.7% for the year.

“As expected, growth rates moderated in the final quarter of 2022 due to the more challenging economic environment. Looking ahead to 2023, we expect our portfolio to continue to deliver growth, but the outlook remains somewhat uncertain due to rising inflation, higher interest rates and geopolitical uncertainty.

“Overall, we are pleased with the business performance in 2022 and remain focused on growing profitability while managing growth capex. The solid volume performance leaves us well placed to deliver an improved set of full year results.”

","pubDate":"Mon, 06 Feb 2023 06:24:09 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_containersinyard-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_containersinyard-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/containersinyard-2.jpg?10000","ppImageTitle":"Containers in yard"},{"title":"Drydocks World and Aker Solutions form joint venture to upgrade production at UK’s Rosebank oil and gas field","link":"https://www.dpworld.com/news/drydocks-world-and-aker-solutions-to-upgrade-production-at-uks-oil-and-gas-field/","guid":"https://www.dpworld.com/news/drydocks-world-and-aker-solutions-to-upgrade-production-at-uks-oil-and-gas-field/","caseid":"557004","subtitle":"The joint venture signed its first contract with Altera Infrastructure to upgrade, refurbish and electrify FPSO vessel, the Petrojarl Knarr","description":"

Drydocks World, a DP World Company, and Aker Solutions formed a joint venture to upgrade a floating production storage and offloading (FPSO) vessel for the Rosebank oil and gas field in the UK.

The new joint venture combines the complementary strengths, resources, and experience of Drydocks World’s leading marine and offshore services with Aker Solutions’ integrated solutions, products and services, to cater for the needs of the global energy industry.

The joint venture signed its first contract with Altera Infrastructure, a leading global energy infrastructure services group to upgrade, refurbish and electrify the FPSO, the Petrojarl Knarr. The vessel will be redeployed at Rosebank field, with the upgrades allowing it to be kept in the field for 25 years without drydocking.

The contract was officially signed in Dubai at DP World’s Head Office by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Chairman of Drydocks World, Sturla Magnus, Executive Vice President, Topsides and Facilities at Aker Solutions, and Arne Hygen Tørnkvist, EVP of Altera Infrastructure.

Aker Solutions will handle the detailed design and procurement of equipment in Norway, while Drydocks World will be responsible for the fabrication and construction work at their yard in Dubai. The Petrojarl Knarr is currently at the Aker Solutions yard in Norway and will remain there until it is towed to Dubai, later during 2023. The engineering, procurement and construction (EPC) work is planned for completion by the end of 2025.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “This joint venture between Drydocks World and Aker Solutions will deliver world-class maritime engineering and construction solutions to the global energy industry. The sector needs smart, collaborative partnerships like this to ensure sustainable production and to successfully transition equipment and vessels for the future. Today’s announcement is an important step forward.”

Capt. Rado Antolovic PhD, CEO, Drydocks World-Dubai, added: “Based on our strong prior working relationship and the aligned cultures of each partner, the new joint venture between Drydocks World and Aker Solutions will bring the shared strengths and values of both companies and provide a range of solutions including engineering, procurement and construction to a global market.”

Kjetel Digre, CEO of Akers Solutions, said: “Collaboration and partnerships are at the core of how we work. In Drydocks World-Dubai, we have a world-class partner in developing solutions and we look forward to continuing our long-term relationship by delivering jointly towards the Rosebank oil and gas field development project.”

Arne Hygen Tørnkvist, EVP of Altera Infrastructure, added: “I am very pleased to sign this contract on behalf of Altera - being the owner of the Petrojarl Knarr FPSO. The FPSO will operate for up to 25 years in the most challenging environment on the planet. I see this as a start of a strong and long-term relationship with Drydocks World.”

","pubDate":"Fri, 03 Feb 2023 06:05:45 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image-9.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image-9.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image-9.jpg?10000","ppImageTitle":"Image"},{"title":"ZIM selects DP World Terminals for new service connecting Western Australia to key Asian hubs","link":"https://www.dpworld.com/news/zim-selects-dp-world-terminals-for-new-service-to-key-asian-hubs/","guid":"https://www.dpworld.com/news/zim-selects-dp-world-terminals-for-new-service-to-key-asian-hubs/","caseid":"557124","subtitle":"The new service is recognition of DP World Australia’s AUD 35 million investment to transform and innovate port operations at Fremantle Terminal","description":"

Cargo shipping company ZIM Integrated Shipping Services (ZIM) has selected DP World’s Fremantle Terminal for a new service linking Western Australia with its trade partners in Southeast Asia.

The new ZIM Thailand-Fremantle Express (TFX) service connects Ho Chi Min City (Vietnam) – Laem Chabang (Thailand) – Port Klang (Malaysia) – Sydney – Melbourne – Fremantle – Port Klang – Ho Chi Min City.

Along the route, the TFX will call at two DP World terminals – Laem Chabang and Fremantle terminal.

The inaugural ZIM TFX service arrived at Fremantle on 30 January, providing additional capacity to service the increasing demand for imports and exports from Western Australia, and enhancing its connectivity with Asia, which contains 12 of its 15 largest export markets.

The new service is recognition of DP World Australia’s AUD 35 million (USD 24.96 million) investment to transform the Fremantle Terminal to deliver additional capacity with improved performance, reliability and operational efficiency. Over the next 12 months, the terminal will introduce new equipment such as quay cranes, reach stackers, forklifts, internal transfer vehicles, as well as upgraded IT infrastructure and operating systems to enhance terminal capability and boost trading opportunities for the west coast.

Glen Hilton, CEO & Managing Director, DP World Asia Pacific & Australasia, said: “Our investment into the Fremantle business will help us build a diverse and flexible operating model to service the Western Australian market. The new ZIM TFX service is a further boost to these efforts as we look to unlock opportunities for our customers and partners by transforming port operations and connect Australian businesses to new and emerging markets.”

Andrew Adam, CEO, DP World Australia, said: “As a strategic link to the Western Australian economy, DP World is committed to improving trading opportunities that will support and meet the needs of our customers and contribute to local economic growth and competitiveness. We are proud to be partnering with ZIM on the new TFX service, which will further bolster trade connectivity between Western Australia and emerging markets in Asia.”

","pubDate":"Fri, 03 Feb 2023 05:46:21 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_gslafricaenteringfremantleport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_gslafricaenteringfremantleport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/gslafricaenteringfremantleport.jpg?10000","ppImageTitle":"GSL Africa Entering Fremantle Port"},{"title":"DP World wins bid for development of a mega-container terminal at India’s Deendayal Port","link":"https://www.dpworld.com/news/dp-world-wins-bid-for-mega-container-terminal-at-indias-deendayal-port/","guid":"https://www.dpworld.com/news/dp-world-wins-bid-for-mega-container-terminal-at-indias-deendayal-port/","caseid":"556985","subtitle":"Strategically located in Kandla, Gujarat, the Tuna-Tekra mega-container terminal will reshape the flow of India’s export-import trade","description":"

DP World has won a major concession to develop, operate and maintain the mega-container terminal at Deendayal port in Gujarat, on the western coast of India.

The project involves the construction of a mega-container terminal at Tuna-Tekra through a Public-Private Partnership (PPP). Once complete, the terminal will include a 1,100-metre berth, and will be capable of handling vessels carrying more than 18,000 TEUs. Total capacity will be 2.19 million TEUs.

The contract was awarded by the Deendayal Port Authority under on a Build-Operate-Transfer (BOT) basis.

Once complete, the terminal will help unlock future container traffic growth in India, catering to exports and imports from Northern, Western and Central India, reducing logistics cost and enhancing efficiencies across supply chains. The project will complement initiatives of the Government of India, such as the PM Gati Shakti Master Plan and National Logistics Policy, which has been introduced to provide greater focus on developing multimodal logistics infrastructure promoting economic growth.

DP World’s strategic investments in ports and terminals in the country is aligned with the Indian Government’s Vision 2047, which aims to quadruple the country’s port handling capacity.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “India represents a significant landscape for opportunity. As the value chain becomes more integrated, significant growth opportunities exist across the entire Indian ports and logistics space. With the development of Tuna Tekra mega-container terminal in Gujarat, DP World will be well placed to capture these opportunities, further connecting Northern, Western and Central India with global trade and driving value for all our stakeholders. This is yet another step in our collective efforts with the National Investment and Infrastructure Fund to leverage our expertise in logistics infrastructure and local knowledge to further strengthen India’s supply chain.”

Rizwan Soomar, CEO and MD, India Subcontinent and sub-Saharan Africa, DP World added: “We are honoured to partner with Deendayal Port Authority in developing this new mega-container terminal at Tuna-Tekra. We are confident that our deep expertise in developing critical infrastructure under Public-Private Partnerships will drive value for all stakeholders involved in this project. We remain enthusiastic to continue playing an important role in developing world leading assets to enable trade flow in key markets of India.”

The new terminal will be constructed and equipped with most modern facilities and equipment over an area of approximately 63 hectares. The terminal will be well connected to the hinterland through the network of roads, highways, railways and the Dedicated Freight Corridors.

DP World already operates five marine terminals – two in Mumbai, one each in Mundra, Cochin and Chennai – with a combined capacity of approximately 6 million TEUs and with the addition of Tuna Tekra Container Terminal DP World will have a capacity of 8.19 million TEUs. This is along with seven multimodal inland terminals connected to DP World’s rail network, cold storage facilities and container freight stations. It is also developing three state-of-the-art economic zones across the country in Mumbai, Cochin and Chennai.

","pubDate":"Thu, 02 Feb 2023 07:01:45 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_sceniceveningviewofentireportandcontaineryardatmundraterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_sceniceveningviewofentireportandcontaineryardatmundraterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/sceniceveningviewofentireportandcontaineryardatmundraterminal.jpg?10000","ppImageTitle":"Scenic evening view of entire port and container yard at Mundra terminal"},{"title":"New cranes to turn Port of Saint John into a major Atlantic gateway for Canada","link":"https://www.dpworld.com/news/new-cranes-to-turn-port-of-saint-john-into-a-major-atlantic-gateway-for-canada/","guid":"https://www.dpworld.com/news/new-cranes-to-turn-port-of-saint-john-into-a-major-atlantic-gateway-for-canada/","caseid":"556690","subtitle":"The arrival of the cranes marks a significant milestone in Port Saint John’s $205 million modernisation project","description":"

DP World and Port Saint John have welcomed two new post-Panamax cranes to the container terminal, strengthening the port’s position as an integral part of the Atlantic Gateway.

The arrival of the cranes marks a significant milestone in Port Saint John’s $205 million modernisation project – a three-way partnership between the Government of Canada, the Province of New Brunswick and Port Saint John.

These additional cranes bring the total to four, the most quay cranes ever at Port Saint John. The cranes arrived from Charleston, South Carolina and are the bigger brothers to the two cranes that arrived in 2016. The Hyundai Heavy Industries Container Cranes have an outreach of 190 feet, can reach up to 21 containers wide and are capable of servicing vessels with a capacity between 10,000 and 14,000 TEUs.

The wider modernisation of the port, due for completion this year, will mean economic benefits for Saint John and the New Brunswick province as a whole, through more career opportunities at the port and in the transportation, logistics and warehousing sectors.

Maksim Mihic, CEO and General Manager DP World (Canada) Inc. said: “We are thrilled to be a part of the long-term, sustainable economic growth of Saint John and the Atlantic region. With connections to 500 ports worldwide, intermodal transportation and three class-one railways, Port Saint John is well positioned for growth for the foreseeable future. The investments being made throughout the trade ecosystem including logistics services will make the port a more competitive gateway for decades to come.”

“We are about to see a change in our skyline,” said Donna Noade Reardon, Mayor, City of Saint John, New Brunswick. “The port modernisation project is an opportunity for Saint John. We are thrilled to have a global partner like DP World investing in Port Saint John and our city. The new cranes will significantly increase shipping capacity, reaffirming Saint John's position on the global stage as a world-class container option. We are always moving forward, and Saint John is open for business.”

“The arrival of these two cranes is symbolic of the growth we can offer not only to port business, but also to our community and our region,” said Craig Bell Estabrooks, President and CEO of Port Saint John.

He added: “Soon we will have more than double the capacity to move product and to create jobs. Partners like DP World open doors for us and our local economy to pursue new opportunities for our industrial parks, our supply chain and manufacturing capacity. With every new milestone we hit, we solidify our position as one of Canada’s top ports and we intensify our standing as an agent for positive change and economic growth for our province.”

","pubDate":"Wed, 01 Feb 2023 06:26:12 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image-8.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image-8.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image-8.jpg?10000","ppImageTitle":"Image"},{"title":"DP World’s Moody’s Rating Rises","link":"https://www.dpworld.com/news/dp-worlds-moodys-rating-rises/","guid":"https://www.dpworld.com/news/dp-worlds-moodys-rating-rises/","caseid":"556114","subtitle":"A significant statement of confidence in DP World’s business and future","description":"

Moody’s Ratings Agency announced that it has upgraded DP World’s ratings, a significant statement of confidence in DP World’s business and future.

The upgrade follows two major investments in 2022 at DP World’s flagship UAE assets -- the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park. The first was from Canadian investment fund, CDPQ in May and then Hassana, a Saudi Arabian pension fund, in December.

These investments raised a total of $7.4 billion from the sale of a 32.2% stake in the assets, showcasing the confidence global investors have in the business.

According to Moody’s, DP World’s diversified global port operations in strategic fast growing emerging market locations, as well as its solid profitability and long-term growth potential is what ultimately led to this improved rating.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “Our improved rating by Moody’s shows the confidence global investors have in our business, our world-leading assets and our strategy to push deeper into the logistics business to capture more value. We have embarked on a strategic transformation journey that will enable us to better achieve our vision of creating end-to-end integrated global supply chain solutions from the factory floor to the customer’s door.”

This upgrade is another important step for DP World towards its long-term growth plans. It will also enhance the company’s assets and capture the significant growth potential of the wider market.

","pubDate":"Wed, 25 Jan 2023 10:20:40 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dji-0847-pano-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dji-0847-pano-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dji-0847-pano-2.jpg?10000","ppImageTitle":"DJI_0847-Pano"},{"title":"Globalisation redefined as manufacturing moves closer to home","link":"https://www.dpworld.com/news/globalisation-redefined-as-manufacturing-moves-closer-to-home/","guid":"https://www.dpworld.com/news/globalisation-redefined-as-manufacturing-moves-closer-to-home/","caseid":"555274","subtitle":"96% of companies confirmed they are making changes to their supply chains due to geopolitical events","description":"

New research has revealed the emergence of major shifts in globalisation, as companies rush to move manufacturing closer to home to protect against supply chain disruptions while increasingly protectionist policies are breaking the world into trade blocs.

The latest Trade in Transition study, commissioned by DP World and led by Economist Impact, captured the perspectives of company leaders as they navigate the latest disruptions to global trade – from the conflict in Ukraine to inflation and extended covid-lockdown policies in some markets.

Its key finding is that 96% of companies confirmed they are making changes to their supply chains due to geopolitical events.

The change has been swift. In the space of just a year, the number of companies shifting their manufacturing and suppliers – either to their home markets or nearby – has doubled compared to 2021. This is driven mainly by efforts to reduce costs and the risk of disruption.

But the shifts are not even. While 27% of companies said they were decreasing the length of their supply chains due to geopolitical events such as the war in Ukraine, another 33% plan to expand into more stable and transparent markets.

Inflation threat

The persistent threat of inflation was cited by 30% of the executives as having the most significant negative impact on trade over the next two years. Inflationary pressures are seen in input costs – from supply shortages – and transport, through high energy costs and shipping capacity constraints.

In a scenario of monetary tightening, companies across Europe, North America and Asia-Pacific anticipate exports to be 1% lower than under a business-as-usual situation due to decreasing production and demand.

If inflationary pressures continue, exports in the Middle East and South America are expected to be hardest hit, declining by 3.52% and 2.74% respectively. Only Africa is expected to see its exports rise by 0.26%.

A fragmenting world

The fragmentation of the world into trade blocs was also cited by 10% of respondents as limiting the growth of international trade. Beyond the war in Ukraine, US-China tensions and cyber warfare are preventing the efficient functioning of economies worldwide. This is leading to increasingly protectionist policies such as the US Infrastructure Bill and the CHIPS and Science Act, which aim to incentivise and prioritise US and North American manufacturing. Similar protectionist policies are popping up all over the world, leading to further fragmentation of the global trade system.

Businesses are finding ways to respond and grow. Altering supply chains either through diversification, regionalisation, or reshoring to build resilience is one response.

The global survey of 3,000 company executives found that companies in North America and Europe are most likely to outsource more than half of their services within their region. This is followed by 40% of companies in South America, 36% in the Middle East, 32% in Asia-Pacific and 18% in Africa, outsourcing within their regions.

The widespread and increasing adoption of technology is another way to build resilience into the supply chain. Some 35% of respondents said they were currently implementing Internet of Things (IoT) solutions to facilitate the tracking and monitoring of cargo, while another 32% of companies are adopting digital platforms to enable direct business with customers or suppliers.

Speaking at the launch of the report at the World Economic Forum in Davos today, DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem said: “The report is tangible evidence of how globalisation is changing as companies are forced to adapt to new challenges. By bringing production closer to the final customer, firms can reduce the number of touch points involved in the supply chain and build greater resilience into the flow of cargo around the world. But the trade environment is always changing. The next challenge that will alter these trends is an economic slowdown looming over regional markets. Agility, real-time visibility and end-to-end supply chain capabilities will be critical to ensuring companies can continue to find new efficiencies in an increasingly challenging environment.”

John Ferguson, Practice Lead for New Globalisation at Economist Impact, added: “The shift to regionalisation and reshoring has been sharp, but unsurprising given the triple threat of higher costs, increased risks and government incentives or requirements to do so. Furthermore, businesses in previous decades have only had to focus on the economic aspects of trade, being price, quality and delivery. Now they have to account for other non-economic factors such as resilience and sustainability. All of which is having a drastic shift in supply chains, which we are witnessing both in the survey results and global trade patterns shifts.”

To see the report in full please click here

","pubDate":"Tue, 17 Jan 2023 05:04:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_vesselcarryingcontainersatsea.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_vesselcarryingcontainersatsea.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/vesselcarryingcontainersatsea.jpg?10000","ppImageTitle":"Vessel carrying containers at sea","ppImageDescription":"Aerial view container ship full load container delivering on the blue sea for logistics, import export, shipping or transportation."},{"title":"DP World and Maersk enter long-term partnership at Jebel Ali","link":"https://www.dpworld.com/news/dp-world-and-maersk-enter-long-term-partnership-at-jebel-ali/","guid":"https://www.dpworld.com/news/dp-world-and-maersk-enter-long-term-partnership-at-jebel-ali/","caseid":"554835","subtitle":"New processes will be implemented to speed up turnaround times at Jebel Ali Port, cutting bunker fuel consumption and reducing emissions","description":"

DP World has teamed up with global shipping services provider A.P. Moller-Maersk (Maersk), to improve operational efficiencies, enhance customer service and collaborate on decarbonising.

The long-term strategic partnership will provide support for Maersk’s customers and implement new processes to improve quayside productivity, all leading to faster gate turnaround times at Jebel Ali Port and reduced bunker fuel consumption.

These are alongside visibility tools, which will allow Maersk’s customers to benefit from real-time information relayed by DP World to plan their supply chains better and ultimately cut their carbon emissions. Maersk will deploy two of its solutions for customers moving their cargo through Jebel Ali -- Maersk Accelerate, a fast-tracking service through priority cargo handling, and Maersk Flex Hub, a cargo storage solution.

Jebel Ali Port is a leading international gateway port, ideally located to serve the East-West trade corridor connecting to 150 cities globally. Lowering carbon emissions is a common goal for both companies and increasingly demanded by customers, who sit at the heart of every decision the companies take. Maersk and DP World will continue collaborating to create new solutions, such as warehousing to drive better customer experience in the future.

Shahab Al Jassmi, Vice President – Ports & Terminals, DP World UAE said: “Jebel Ali’s success has been built on progressive collaboration with partners such as Maersk, enabling us to combine our operational efficiencies and expertise to ensure we deliver the best end-to-end solutions to our customers. This synergy has allowed us to develop a successful ecosystem at Jebel Ali that continues to evolve and adapt to the dynamic markets we operate in. We will embark on this journey together to exceed our customers' expectations.”

“This collaboration lets us offer solutions to help a key customer and reliable partner like Maersk to achieve their own sustainability goals. It sits alongside our own commitment to cutting our global CO2 emissions by nearly 700,000 tonnes over the next five years, in part by terminal vehicle electrification, sourcing renewable energy and increasing low carbon fuel use,” Al Jassmi added.

“In our journey as an integrated logistics provider, we look at every opportunity that can create value for our customers. DP World’s Jebel Ali Port has been a strategic partner to us for many years, and we have now extended our partnership with a clear focus on improving service delivery to our customers while reducing the carbon footprint through our operations together”, said Mads Skov-Hansen, Head of Ocean Customer Logistics, Maersk West & Central Asia.

In January 2022, DP World entered a strategic partnership with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, an independent, not-for-profit organisation launched in 2020 to undertake intensive research and development to find practical ways to decarbonise the global maritime trade industry.

Maersk itself aims to reach net zero emissions by 2040 across the entire business with new technologies, new vessels and green fuels. DP World has committed to becoming a carbon neutral enterprise by 2040 and net zero carbon enterprise by 2050.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem announced plans in November to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next five years. The reduction in carbon emissions represents a 20% cut from 2021 levels, through electrifying assets, investing in renewable power and exploring alternative fuels.

","pubDate":"Thu, 12 Jan 2023 07:53:32 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_maerskvesselatjebelaliport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_maerskvesselatjebelaliport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/maerskvesselatjebelaliport.jpg?10000","ppImageTitle":"Maersk Vessel at Jebel Ali Port"},{"title":"DP World announces greenest-ever year at Southampton after cutting net carbon emissions by 55%","link":"https://www.dpworld.com/news/dp-world-announces-greenest-ever-year-at-southampton-after-cutting-net-carbon-emissions-by-55/","guid":"https://www.dpworld.com/news/dp-world-announces-greenest-ever-year-at-southampton-after-cutting-net-carbon-emissions-by-55/","caseid":"554474","subtitle":"Southampton became the first port in the UK to eliminate fossil diesel from its operations entirely and transition to Hydrotreated Vegetable Oil (HVO)","description":"

DP World’s container terminal at Southampton enjoyed its greenest-ever year in 2022 after delivering a 55% reduction in net carbon emissions from its fleet and installations.

DP World, the leading provider of worldwide smart end-to-end supply chain logistics, runs the UK’s most advanced logistics hubs: two deep water ports at Southampton and London Gateway with access to freight rail terminals, and a rapidly expanding logistics park on the doorstep of the capital.

The news represents a major step forward for DP World’s ambitious plans to reduce emissions after Southampton became the first port in the UK to eliminate fossil diesel from its operations entirely and transition to Hydrotreated Vegetable Oil (HVO) last April.

HVO is a renewable biodiesel derived from sustainable sources which, as well as lowering carbon dioxide emissions, reduces levels of nitrogen oxide, particulate matter and carbon monoxide. DP World estimates the switch from diesel to HVO at the port saves around 14,000 tonnes of carbon dioxide annually – the equivalent of taking more than 8,000 family cars off the roads.

Steve McCrindle, DP World’s Port Operations Director at Southampton, said: “We are delighted by the progress we have made on our green journey since moving to sustainable HVO last April. The transition away from fossil diesel means that the overwhelming majority of the fuel used at Southampton now comes from a green and renewable source.”

“We will use HVO for the entirety of 2023 and therefore expect a further 35% net reduction in carbon emissions from our fleet and installations by the end of the year, making for a 90% reduction compared with 2021. This sector-leading performance shows our commitment to playing our part in helping the UK meet its Net Zero 2050 policy,” McCrindle added.

DP World operates ports, terminals and logistics businesses on six continents. At London Gateway the new £350 million fourth berth, which will lift capacity by a third when it opens in 2024, will be all-electric and the UK’s first all-electric terminal tractor is now in service.

Southampton already has the highest proportion of containers moved by rail in the UK (up to 30%). Combined with London Gateway, this means around 300,000 trucks are taken off UK roads each year, saving emissions and reducing congestion.

The company has also earmarked a further £1 billion for investment in the UK over the next 10 years.

DP World announced plans in November last year to invest up to US$500 million to cut carbon emissions from its operations by nearly 700,000 tonnes over the next five years. The reduction represents a 20% cut from 2021 levels, through electrifying assets, investing in renewable power and exploring alternative fuels. In the longer term, DP World aims to be a carbon neutral business by 2040 and has a clear roadmap to achieve net zero carbon emissions by 2050 across its entire global network.

","pubDate":"Mon, 09 Jan 2023 10:56:24 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_colourfulaerialviewofcontaineryardatsouthamptonport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_colourfulaerialviewofcontaineryardatsouthamptonport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/colourfulaerialviewofcontaineryardatsouthamptonport.jpg?10000","ppImageTitle":"Colourful aerial view of container yard at Southampton port"},{"title":"DP World and Hassana Investment Company announce US$2.4 billion investment in DP World’s UAE assets","link":"https://www.dpworld.com/news/dp-world-and-hassana-investment-announce-24-billion-investment/","guid":"https://www.dpworld.com/news/dp-world-and-hassana-investment-announce-24-billion-investment/","caseid":"553435","subtitle":"This investment is the second tranche of the sale of a strategic minority stake in these UAE assets, following the US$5 billion transaction which successfully closed earlier this year","description":"

DP World and the Saudi Arabia-based Hassana Investment Company (Hassana), the investment manager for the General Organisation for Social Insurance (GOSI) – which owns one of the world’s largest pension funds – announced today an investment of approximately US$2.4 billion (SAR9.0 billion) in three of DP World’s flagship UAE assets. This sale of a strategic minority stake in Jebel Ali Port, Jebel Ali Free Zone and National Industries Park, follows on the earlier transaction that successfully closed in June 2022.

Hassana will invest approximately US$2.4 billion in a new joint venture with DP World through which it will hold its economic interest in a stake of approximately 10.2% in the three UAE assets. The investment by Hassana implies a total enterprise value of approximately US$23 billion for the three assets.[1]

The Jebel Ali Port, Free Zone and National Industries Park together comprise a best-in-class group of infrastructure assets, with a solid long-term track record of growth. Combined, they form a world-class integrated ecosystem for the supply and logistics chains of over 9,000 companies from around the world, serving more than 3.5 billion people globally. The three assets generated pro-forma 2021 revenue of US$1.9 billion.

After this investment, which closed on 19 December 2022, the three assets will remain fully consolidated businesses within the DP World Group, and their day-to-day operations, customers, service providers and employees will not be affected.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are delighted to announce this new partnership with Saudi Arabia-based Hassana, which manages one of the largest global pension funds. Hassana shares our long-term vision for the UAE assets, which have a long and sustained track record of growth and resilience. We believe this new partnership will serve to enhance our assets and allow us to capture the significant growth potential of the wider market. The transaction further strengthens our balance sheet, which, combined with the continued resilience of our business, diversity in our portfolio and focus on supply chain solutions, will support our target of achieving a strong investment-grade rating for the DP World group. Overall, we believe this partnership and transaction will drive sustainable value for all DP World stakeholders.”

Saad bin Abdulmohsen Al-Fadly, CEO of Hassana Investment Company, said: “We are excited to announce this new partnership with DP World and our investment in Jebel Ali, a world-class infrastructure asset with a solid long-term track record. This partnership highlights our focus and strategy to invest in critical infrastructure assets in the region that we believe will deliver long-term sustainable returns. Favourable demographics and macro-economic drivers and investment in transformational projects will continue to support growth momentum regionally, while trade between the emerging economies of Asia and Africa is also expected to thrive.”

[1] With the benefit of certain sub-concession arrangements with a term of up to 35 years. The head concession arrangements held by the DP World group in respect of the three assets have considerably longer terms.

","pubDate":"Wed, 21 Dec 2022 10:04:02 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image1-6.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image1-6.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image1-6.jpg?10000","ppImageTitle":"Image 1"},{"title":"Over $600 million in credit limits submitted on DP World's trade finance platform","link":"https://www.dpworld.com/news/over-600-million-in-credit-limits-submitted-on-dp-worlds-trade-finance/","guid":"https://www.dpworld.com/news/over-600-million-in-credit-limits-submitted-on-dp-worlds-trade-finance/","caseid":"553301","subtitle":"20 financial institutions in 80 countries onboarded so far, with India Factoring and Finance Solutions Pvt. Ltd. the latest to join","description":"

Efforts to close the $1.7 trillion annual global trade finance gap are gaining traction, especially in the small-to-medium-enterprise (SME) sector, with DP World announcing that its platform has received requests for more than $600 million in credit limits.

DP World Trade Finance offers businesses of every size a quick and simple route to secure the capital they need to trade in global markets. The aim is to bridge the $1.7 trillion of trade finance gap that exists, stemming from struggles that many business face in securing the upfront funds required to move cargo.

Since its launch in July 2021, DP World Trade Finance has generated over $600 million in credit limit submissions by facilitating a streamlined connection between SMEs and financial institutions on its trade finance platform. The platform has registered over 56,000 global clients from more than 50 countries around the world to provide them with affordable access to trade finance.

The latest financial institution to join the platform is India Factoring and Finance Solutions Pvt. Ltd, a leading, independent provider of specialised trade finance products in India. The company will now be able to use the DP World Trade Finance platform to lend with confidence and help companies access the capital they need to trade efficiently.

Sinan Ozcan, Senior Executive Officer of DP World Financial Services, outlined the importance of Trade Finance in DP World’s efforts to enable world trade: “DP World’s extensive outreach to businesses across the globe, visibility on trade data and control over cargo help financiers connect with businesses, identify risks, build confidence and provide credit, while businesses gain access to affordable and innovative financing options to grow their business. So far, we’ve onboarded 20 financial institutions onto the platform, covering 80 countries total, and the registration process for new clients is less than five minutes. By enabling more business through finance, we can support growth and generate greater value for all of our partners and customers.”

Ravi Valecha, CEO of India Factoring and Finance Solutions Pvt. Ltd, said: “As a leader in worldwide smart end-to-end supply chain logistics, DP World handles over 10% of global container traffic and has terminals in countries across the world. Being part of trade finance is a natural extension for them and India Factoring and Finance Solutions Pvt. Ltd. is glad to be associated to be part of their cross-border trade finance solutions – a natural extension as a leader in India’s cross border factoring space.”

Many SMEs have their finance applications rejected every year when they are unable to provide the credit history along with additional trade data that financiers routinely require for credit approvals. These are businesses who buy, sell, import and export goods around the world, meaning a vast amount of trade is being lost. Fundamentally, the level of access to trade finance is critical not only to the survival and growth of exporters, importers and logistics companies, but to the growth of economies as a whole.

","pubDate":"Tue, 20 Dec 2022 10:45:03 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image-7.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image-7.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image-7.jpg?10000","ppImageTitle":"Image","ppImageDescription":"Business people working in video conference"},{"title":"DP World announced as International League T20 Title Sponsor","link":"https://www.dpworld.com/news/dp-world-announced-as-international-league-t20-title-sponsor/","guid":"https://www.dpworld.com/news/dp-world-announced-as-international-league-t20-title-sponsor/","caseid":"552270","subtitle":"Cricket fans across the world can catch the LIVE telecast of this exciting cricket league on ZEE’s linear channels","description":"

International League T20 and DP World have today jointly announced a five-year title sponsorship that will see the upcoming six-team franchise competition, the International League T20 named as the DP World International League T20.

The agreement comes as 84 international cricket stars from across the world, such as Andre Russell, Shimron Hetmyer, Moeen Ali, Kieron Pollard and Wanindu Hasaranga, a number of shining Associate players, including Mark Watt and David Wiese, as well as 24 of UAE’s current and rising talents, look to converge on the UAE and prepare for the inaugural season of UAE’s home-grown T20 competition, which will be played in Dubai (Dubai International Stadium), Sharjah (Sharjah Cricket Stadium) and Abu Dhabi (Zayed Cricket Stadium) from 13 January to 12 February 2023.

The inaugural DP World International League T20 includes the teams Abu Dhabi Knight Riders, Desert Vipers, Dubai Capitals, Gulf Giants, MI Emirates, and Sharjah Warriors. The teams will play for the magnificent, coveted trophy through a total of 34 matches, where all matches will be telecasted live on the expansive, global Zee Network. The league’s schedule can be found by visiting www.ilt20.ae.

Opening the League is the blockbuster match between Dubai Capitals and Abu Dhabi Knight Riders on Friday 13 January (2023) at the Dubai International Stadium (Dubai, UAE) and where the competition will be launched through a dazzling opening ceremony headlined by Indian rapper Badshah and RnB megastar Jason Derulo. The inaugural edition will reach its crescendo with the final played on 12 February 2023, also played at the Dubai International Stadium.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are proud to announce our title sponsorship of the newest competition for one of the world’s most popular sports. The partnership offers a unique opportunity to be a part of the UAE’s first home-grown cricket tournament, and once again help turn Dubai into the sports capital of the region. We cannot wait to watch the action unfold in the new year and wish the tournament organisers, teams and players every success.”

Abdulla Bin Damithan, CEO and Managing Director, DP World UAE and Jafza said: “DP World is delighted to confirm our title partnership for the DP World International League T20 competition. The event, which reflects DP World, Dubai, and the UAE’s spirit of innovation, inclusivity, and community engagement, will help introduce the sport to new audiences in the UAE, leave a legacy, and affirm the region’s unique position as a hub for world-class sports. It will also give us an opportunity to engage with our customers, prospects, and colleagues, against the backdrop of what will be a highly enjoyable festival of cricket. We cannot wait to watch the action unfold and wish the ILT20 organisers, teams, players, and fans, an enjoyable tournament.”

Khalid Al Zarooni, Chairman International League T20 commented on the sponsorship: “League management is exceptionally pleased to enter into this multi-year partnership with DP World, as title sponsor of the International League T20. DP world is synonymous with high profile sports and internationally renowned sporting events, and, we are delighted with their foresight to partner with the first home-grown, UAE-based competition. We look forward to an extremely beneficial and rewarding relationship.”

Cricket fans across the world can catch the LIVE telecast of this exciting cricket league on the League’s Official Media Partner ZEE’s linear channels, digital platform Zee5, as well as Zee Cinema SD, Zee Cinema HD, Zee Anmol Cinema, &Pictures HD, &Flix SD, &Flix HD, Zee Zest SD, Zee Zest HD, Zee Bangla Cinema and Zee Thirai.

Headquartered in Dubai, DP World has evolved into the leading provider of global smart end-to-end supply chain solutions enabling the flow of trade across the globe. With a presence in over 75 countries across six continents, powered by diverse professional team of more than 101,000 people, DP World is committed to delivering unrivalled value to its customers and partners.

","pubDate":"Thu, 15 Dec 2022 11:39:30 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_a08i273977.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_a08i273977.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/a08i273977.jpg?10000","ppImageTitle":"A08I2739[77]"},{"title":"DP World and Puntland Government sign construction agreement to upgrade Port of Bosaso","link":"https://www.dpworld.com/news/dp-world-and-puntland-government-sign-construction-agreement-to-upgrade-port-of-bosaso/","guid":"https://www.dpworld.com/news/dp-world-and-puntland-government-sign-construction-agreement-to-upgrade-port-of-bosaso/","caseid":"551419","description":"

DP World and Somalia’s Government of Puntland, today signed a construction agreement for expansion and upgrade work at the Port of Bosaso.

The agreement was signed in Dubai today by Ahmed Yaasiin Saalah, Puntland’s Minister of Ports and Maritime Transport, and Suhail Albanna, DP World’s CEO and Managing Director, Middle East and Africa, in the presence of Abdurazak Ali Seid, Governor of the Bari region, Hassan Abdalle Buhe, Mayor of Bosaso, Dr. Abdifatah nour Ahmed, State minister of information and communication- Puntland state of Somalia, Ali Omar Arshe, Deputy Minister revenue of Finance, Jama Salad Mohamoud, Puntland chamber of commerce and Hassan Abdullahi, representative of the office of Puntland’s President.

The 12-month project, which is expected to start in early 2023, will include the development of a 150-metre quay, as well as repairs to the current 215-metre quay. Other infrastructure will include the development of a new 3000 square metre container yard, and a 4000 square metre container stripping yard. The gate area to the port will also be upgraded to improve access control.

Once complete, the port will be able to handle container vessels and attract more direct calls from feeder ships from Dubai and other regional hubs. It will also become an important hub for dhow transport serving the Somali coast.

Ahmed Yaasiin Saalah, Minister of Ports and Maritime Transport, said: “The expansion and upgrade of the Port of Bosaso is key to Puntland’s economic growth, which will benefit not just the people of the state, but also Somalia and the Horn of Africa. It will ensure the region is further integrated into the global trade ecosystem, as a bigger, more efficient port with the ability to receive container vessels, will facilitate increased trade.”

Suhail Al Banna, CEO and Managing Director, Middle East and Africa, said: “DP World has a lot of experience in the development and operation of ports and terminals, not just around the world, but also in Africa. We will bring all our expertise and capability to the project, to support the Government’s vision for the port as an enabler for economic growth. I would like to thank the Government of Puntland for partnering with us on this exciting project.”

","pubDate":"Thu, 08 Dec 2022 12:50:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_emiratifemalecraneoperatorsatjebelali.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_emiratifemalecraneoperatorsatjebelali.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/emiratifemalecraneoperatorsatjebelali.jpg?10000","ppImageTitle":"Emirati female crane operators at Jebel Ali"},{"title":"DP World celebrates its latest milestone with its 100,000th employee","link":"https://www.dpworld.com/news/dp-world-celebrates-100000th-employee/","guid":"https://www.dpworld.com/news/dp-world-celebrates-100000th-employee/","caseid":"551237","description":"

Emirati national, Fatima Alburaimi joins DP World in Dubai as a technical programme engineer

The company now has 101,440 employees from over 160 nationalities, spanning 78 countries and six continents.

With a network of infrastructure spread across the world, DP World now manages approximately 10% of all global trade

DP World celebrated its latest milestone this week, passing 100,000 employees globally as the company continues its journey from a Dubai-based port operator to a truly global, end-to-end logistics provider.

Fatima Alburaimi, a 28-year-old Emirati national, was welcomed as the 100,000th employee. She joins DT World, a trade solutions service developed by DP World, as a technical programme engineer.

DP World has generated employee growth of 278% in the last five years, growing from a team of 36,500 people in 2017 to 101,440 employees from over 160 nationalities today, with operations spanning 76 countries and six continents. Roughly 10% of global container trade passes through this network.

Offering a diverse workplace and exciting career opportunities to young talent, the workforce includes 17,120 female staff, representing nearly 17% of the total.

DP World’s strategic investments in developing markets are powering its people growth. For example, this year it began construction on a more than $1 billion investment in Port Ndayane, Senegal -- its largest port investment in Africa and the largest single private investment in the history of the country.

Some of the employee growth has been driven by DP World’s investments in technology, with hundreds of roles being created across the world – from developers and UX designers to automation experts and system designers – fulfilling DP World’s vision of building technologically advanced integrated services. Staff in these new positions are working on cutting-edge applications in heavy automation, AI/ML, and robotics – such as DP World’s unique proprietary BoxBay technology.

The company also welcomed 25,000 people with the $890 million acquisition of Imperial Logistics this year. South Africa-based Imperial has added significant strategic value to DP World given its strong market access and logistics solutions capability, complementing DP World’s existing footprint in Africa and Europe and allowing it to deliver a fully integrated end-to-end solution across a wider market. Last year DP World welcomed 14,000 employees with the $1.2 billion acquisition of syncreon, a US-based global logistics provider specialising in the design and operation of complex supply chains for the high-growth automotive and technology industries.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: \"Everyone always says our people are our greatest asset. At DP World, we have worked hard to put that at the heart of our business. It is our people that have enabled us to grow into the company we are today. Reaching this milestone is significant because it is a great testimony to our efforts as an employer and to our ability to help enable the flow of global trade.

“I am particularly pleased to see a young female engineer join our growing team as it closely aligns with my own personal commitment to inclusivity and increasing female representation in DP World”, he added.

Maha Al Qattan, Chief People Officer at DP World, said: “At DP World, we are committed to our people. By helping young people in their career progression, DP World benefits too. We continuously draw on the experiences and ideas of our diverse global workforce, developing them to reach their full potential, which shapes our efforts to be a good employer for everyone. Hitting 100,000 employees mark a great achievement to celebrate, and I look forward to our next milestone.”

Speaking about joining DP World, Alburiami, said: “I heard a lot about DP World, starting from my time at university when I would see the company’s booth at careers fairs. Then every time it came up in the news or in conversation, I would be amazed by the company’s achievements. After graduating and having seen the company’s incredible vision at the DP World FLOW Pavilion at EXPO 2020 Dubai, I knew I wanted to be part of the journey.

“What really amazed me was the drive to do good in the communities where DP World works. As our sustainability efforts increase, I can see so many opportunities I can get involved in. It is rewarding to have the chance to do something that will make a huge difference to the people in our local areas,” Alburaimi added.

","pubDate":"Wed, 07 Dec 2022 08:17:22 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_emiratifemalecraneoperatorsatjebelali.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_emiratifemalecraneoperatorsatjebelali.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/emiratifemalecraneoperatorsatjebelali.jpg?10000","ppImageTitle":"Emirati female crane operators at Jebel Ali"},{"title":"DP World Logistics opens new Container Freight Station to optimise global trade operations","link":"https://www.dpworld.com/news/dp-world-logistics-opens-new-container-freight-station/","guid":"https://www.dpworld.com/news/dp-world-logistics-opens-new-container-freight-station/","caseid":"551226","subtitle":"The CFS 2 operations can handle up to 6,000 TEUs per month on a combined plot size of 60,000 square metres","description":"

DP World Logistics recently opened a new 6,000 square metre high-end warehouse at Container Freight Station 2 (CFS 2), offering new storage solutions for customers at the Jebel Ali Free Zone (Jafza).

DP World Logistics, an integrated supply chain and logistics services provider, catering to businesses across the UAE, aims to ensure quality precision handling and fast rotation and deliveries of imports and exports throughout the Middle East and beyond. Staying true to its goal of enabling seamless trade around the world, the company’s CFS 2 warehouse offers a total of 12,500 pallet positions using Very Narrow Aisle (VNA) racking systems, storing cargo up to 18 metres high. On a combined plot size of 60,000 square metres, CFS 2 can handle up to 6,000 Twenty-foot Equivalent Units (TEUs) per month.

The company currently operates out of six facilities in Jebel Ali, handling a combined total volume of 300,000 TEUs per annum across its three business units. Their service offerings include CFS Operations, Warehousing & Supply Chain Solutions and Freight Forwarding Operations.

Their assets, consisting of 200,000 square metres of yard operations, 35,000 square metres of cross-dock warehousing, 10,000 square metres of cold storage and 6,000 square metres of cool storage solutions, create real value for customers who aim to carry out logistics operations with maximum output and efficient use of labour.

Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza said: “As part of DP World, a global smart trade enabler, DP World Logistics is continually on a journey of business transformation with new product innovations and developments. Our shared commitment to improve end-to-end logistics performance in moving cargo around the world, underpinned by innovations in logistics-led solutions has maximised opportunities for our customers over the years. The new CFS 2 warehouse is yet another step in supporting our customers better, helping them explore varied business opportunities and move forward with tremendous growth potential in the region. As a reliable, trustworthy and time-bound logistics partner, we will continue creating a complete end-to-end logistics trade journey from and to high-growth markets for our clients.”

Centrally positioned in one of the fastest developing regions of the world, DP World Logistics capitalises on DP World’s capabilities and high-end IT platforms to ensure goods are stored, distributed and delivered efficiently using a multimodal transportation model, combining port, shipping line, sea freight, air freight and trucking solutions.

","pubDate":"Wed, 07 Dec 2022 07:15:41 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_nas-9230.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_nas-9230.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/nas-9230.jpg?10000","ppImageTitle":"NAS_9230"},{"title":"New partnership to enable optimisation of global food supply chain","link":"https://www.dpworld.com/news/new-partnership-to-enable-optimisation-of-global-food-supply-chain/","guid":"https://www.dpworld.com/news/new-partnership-to-enable-optimisation-of-global-food-supply-chain/","caseid":"550950","subtitle":"The signing of the agreement further enables the exploration of strategic synergies between DP World and Americold","description":"

A new partnership agreement between two of the world’s leading trade and logistics providers aims to support the largest food companies in the world with a new standard in global distribution – from farm to fork.

DP World, the leading provider of worldwide smart end-to-end supply chain logistics, and Americold (Atlanta, US), the global leader in temperature-controlled warehousing and logistics signed a partnership agreement on 18 November, that will enable multi-million US Dollar investment in a more resilient, efficient, and sustainable global food supply chain.

Collaboration between the two global organisations has already begun – with game-changing projects in motion from Canada to the UAE. The signing of the partnership agreement further enables the exploration of strategic synergies between DP World and Americold. The combination of Americold’s global temperature-controlled infrastructure and strategic customer relationships with DP World’s global port infrastructure and end-to-end logistics solutions will result in unprecedented optimisation of global food flows.

The agreement was signed by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and George Chappelle, CEO of Americold.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are committed to leading global trade into a more resilient, efficient and sustainable future. Our partnership with Americold has the potential to help us spread the benefits of trade to new people and new places; to push our sector to a more sustainable future; and, to provide the global food industry with the world-class solutions it deserves.”

George Chappelle, CEO, Americold, added: “With nearly 250 facilities in strategic locations around the world, we have become an indispensable component of global food infrastructure - from farm to fork. This partnership with DP World, who shares our commitment to customer success and global supply chain optimisation, will enable us to help our customers feed the world with less waste, lower cost, and more efficiency.”

","pubDate":"Mon, 05 Dec 2022 11:21:19 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_c064c57a-903e-419e-b466-f97111e8c2fb41.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_c064c57a-903e-419e-b466-f97111e8c2fb41.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/c064c57a-903e-419e-b466-f97111e8c2fb41.jpg?10000","ppImageTitle":"c064c57a-903e-419e-b466-f97111e8c2fb[41]"},{"title":"Emirati university wins DP World’s inaugural Big Tech Project competition","link":"https://www.dpworld.com/news/emirati-university-wins-dp-worlds-inaugural-big-tech-project-competition/","guid":"https://www.dpworld.com/news/emirati-university-wins-dp-worlds-inaugural-big-tech-project-competition/","caseid":"550128","subtitle":"Metaverse-based solution produced by Team Digicortex of Mohamed Bin Zayed University of Artificial Intelligence claimed top prize","description":"

DP World today announced a team from Mohamed Bin Zayed University of Artificial Intelligence (MBZUAI) as the first winners of its Big Tech Project – an international competition challenging students from leading universities in the UAE and India to solve trade challenges across the globe through the power of the metaverse.

Dhanalaxmi Gaddam, a Masters Student in Machine Learning and Abbas Bamidele Abdulsalam, pursuing his M.Sc. in Computer Vision, described their winning solution as two ideas in one – using the metaverse, virtual and augmented reality technologies to enhance training and productivity at DP World’s ports and terminals around the world.

The first solution is a virtual training simulator for new employees to gain on-ground experience and training without having to physically visit the terminals. The team also developed a second solution using Google Glass to enhance efficiency and maintenance at ports and terminals by providing easy to access instructions for work done in real world operations. Together, the solutions will reduce the risk of accidents by facilitating virtual inductions and increase efficiency by streamlining operations.

Accepting the award Abdulsalam said: “It is very promising that companies like DP World are focused on using the metaverse for solutions to their challenges and our experience has given us a feel for what working with the company would be like. We would definitely want to work with the company in the future as they are committed to using technological solutions to solve a range of pressing issues the industry and the world faces today.”

Adding to her teammates comments, Gaddam said: “We never knew that we could create solutions for this industry. We have been exposed to practical things that we had not experienced before. And working with our mentor from DP World has been invaluable and given us an understanding of process and planning. Both of us would relish the opportunity to work in the industry and for DP World now that we know how valued our input and solutions would be at such a forward-thinking organisation.”

The finalists were invited to showcase their ideas in a ceremony held at DP World’s Pavilion at Expo City Dubai – living up to its promise of being a catalyst for changemakers and innovators. An expert panel of judges from DP World assessed the four shortlisted solutions, which have the potential to change the face of global trade in the future.

Alongside the MBZUAI team, there were also three strong solutions presented by two universities from India – two solutions from the International Institute of Information Technology (IIIT) Bangalore and one from the Indian Institute of Technology Kharagpur. All four teams will now be offered exclusive two-month internships and mentoring with DP World, while the first winner also received a top-of-the-line MacBook and a $5,000 cash prize. The runners up, Team Kamikaze from IIIT Bangalore also received $3,000.

Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI, said: “We are thrilled to see two of our students developing such an innovative solution, which could have a positive impact for DP World and its customers, as well as the wider industry.

“At MBZUAI, we are dedicated to advancing AI as a global force for humanity. By building the AI future leaders and fostering an innovation ecosystem, we act as a strategic think tank for the public and private sectors. As such, we aim to develop future solutions that will impact the world and change the way we imagine things. The Big Tech Project is a tangible example of that work in practice, and we would like to thank DP World for hosting such a forward-thinking competition that gave our students a chance to develop real-life industry solutions.”

Pradeep Desai, DP World’s Chief Technology Officer, who was part of the judging panel said: “The metaverse is still in its infancy so it is hard to predict exactly how it might be utilised in our industry in future. But the ideas these inspiring students put forward have the potential to change the face of global trade. They came up with solutions and put together prototypes in less than eight weeks, which is very rare for these kinds of challenges. It’s an outstanding achievement and shows their resourcefulness, drive and ambition. These are all attributes we value at DP World. We were impressed by what we saw and are really looking forward to the students joining us for their internships.”

By digitising a traditionally analogue industry, DP World aims to make trade smarter, increase visibility and minimise disruption across the supply chain. Its tech hubs and the talent it recruits are crucial to the company’s commitment to digitisation.

DP World continues to expand its tech centres worldwide. Through integrating technology and solutions, DP World is working to streamline operating systems that drive warehousing, inland container depots, container freight stations, railway or ocean terminals to deliver a seamless logistics experience.

In future editions, the BIG TECH PROJECT will expand to invite studies from universities in new markets, encouraging students globally to join DP World in reimagining world trade by creating the smartest, most efficient and innovative solutions. It will be open to even more countries in the years to come.

“At DP World, we are focused on making trade flow seamlessly by deploying technological innovations and solutions. We believe that technology will make trade more resilient by infusing flexibility, resilience and transparency into the logistics ecosystem,” Desai added.

","pubDate":"Tue, 29 Nov 2022 05:53:02 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_thebigtechprojectgrandfinale2022.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_thebigtechprojectgrandfinale2022.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/thebigtechprojectgrandfinale2022.jpg?10000","ppImageTitle":"The Big Tech Project Grand Finale 2022"},{"title":"DP World launches new train connecting London Gateway and Southampton Logistics Hubs to strengthen UK supply chain","link":"https://www.dpworld.com/news/dp-world-launches-new-train-connecting-london-gateway-and-southampton-logistics-hubs/","guid":"https://www.dpworld.com/news/dp-world-launches-new-train-connecting-london-gateway-and-southampton-logistics-hubs/","caseid":"550005","subtitle":"Boosting the resilience of the customers’ supply chains and enable them to switch volumes quickly and easily between the two UK locations","description":"

A new intermodal train service connecting DP World’s container terminals at London Gateway and Southampton will boost the resilience of the customers’ supply chains and enable them to switch volumes quickly and easily between the two UK locations.

The DP World operated service – which ran for the first-time last weekend – is scheduled every Saturday carrying cargo including fresh fruit, beverages and consumer goods in less than five hours. The train takes up to 120 lorries a week off the roads and cuts carbon emissions by up to 80%.

DP World plans to increase the frequency of the train next year. Alongside other recent and ongoing investments in rail connectivity at both ports, this will ease motorway congestion, with a total of 300,000 trucks taken off UK roads each year.

John Trenchard, UK Commercial & Supply Chain Director of DP World, said: “DP World is unique in offering customers a choice of deep-water entry and exit points to and from the UK. This new rail service will make it even easier for our customers to switch volumes quickly and easily between the two locations, which means greater flexibility and choice.”

DP World – which operates ports, terminals and logistics businesses on six continents – runs the UK’s most advanced logistics hubs at London Gateway and Southampton: two deep water ports with access to freight rail terminals, and a rapidly expanding logistics park on the doorstep of the capital. Between them they moved a record volume of cargo in the first half of the year, with a combined total of 1.93m TEU.

Last month, DP World announced the start of construction at London Gateway’s new £350 million fourth berth, which will lift capacity by a third when it opens in 2024. The construction project is supporting 1,000 jobs and the port-centric logistics park will employ a further 12,000 people when it is completed in five years’ time.

The company has also earmarked a further £1 billion of investment in the UK over the next 10 years.

","pubDate":"Mon, 28 Nov 2022 13:04:43 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_26-nov-howard-dp-world-train-z0058copy.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_26-nov-howard-dp-world-train-z0058copy.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/26-nov-howard-dp-world-train-z0058copy.jpg?10000","ppImageTitle":"26_NOV_Howard_DP_World_Train_Z0058 copy","ppImageDescription":"DP World launches a New Train service connecting London Gateway and Southampton Logistics hubs to strengthen the UK Supply Chain. The train seen here at Southampton. 26/11/2022. London, United Kingdom. Picture by ©Nigel Howard / ©Nigel Howard Media Email: nigelhowardmedia@gmail.com"},{"title":"DP World collection comes full circle with over 130,000 golf balls donated to Grassroots Golf","link":"https://www.dpworld.com/news/dp-world-collection-comes-full-circle-with-over-130000-golf-balls/","guid":"https://www.dpworld.com/news/dp-world-collection-comes-full-circle-with-over-130000-golf-balls/","caseid":"548219","subtitle":"Leveraged its logistics and supply chain expertise to collect the used golf balls and transport them around the world in a bespoke shipping container","description":"

As the official title partner of the DP World Tour, DP World has been on a mission across the season to collect used and unwanted golf balls and give them a second life in grassroots golf projects around the world.

Unveiled at the Dubai Desert Classic in January, DP World created a revolutionary shipping container that has been steadily filling with golf balls from various stops across the DP World Tour season. Along its journey, the second life container has stopped in Belgium, Holland, Sweden, France, the UK and has now come full circle, arriving back in Dubai for the season ending DP World Tour Championship taking place at Jumeirah Golf Estates, Dubai.

The 130,024 golf balls have been collected in numerous ways, with donations from DP World Tour players, fans, professional golf ball divers, ball-collecting dogs, and children’s golf ball hunts. It’s now time to give them a new life, with DP World joining forces with several golf organisations to support initiatives that provide a platform for the game of golf to grow around the world, making golf more accessible to all.

DP World has focused on three key areas of growth for the sport – golf for the disabled, junior golf, and women’s golf – hoping to inspire and encourage more people to take up the sport. The organisations that include projects in South Africa, Kenya, India, UAE and across Europe will now receive a proportion of the balls.

Representatives from all five organisations came together to celebrate the occasion ahead of the DP World Tour Championship at Jumeirah Golf Estates in Dubai. Among them were the Cabinet Secretary for Youth Affairs, Sports and the Arts, Republic of Kenya, Hon Ababu-Namwamba, DP World’s Chief Commercial Officer, Daniel van Otterdijk as well as 2-time DP World Tour winner, Kurt Kitayama from America and reigning G4D Tour champion, Brendan Lawlor of Ireland.

A proportion of golf balls will be distributed to the South African Disabled Golf Association (SADGA) and the European Disabled Golf Association (EDGA), two organisations working to ensure the sport is fully inclusive.

Daniel van Otterdijk, Group Chief Communications Officer at DP World said: “Through our sponsorship of the DP World Tour, we wanted to find both a meaningful and memorable way to give back to the sport. This initiative has been a great way for DP World to showcase our logistics and supply chain capabilities and expertise. Now the collection has come full circle we are delighted to support organisations that need them most, helping share the joy of playing golf and celebrating that here in Dubai. We look forward to hearing about how the balls have been put to good use in growing the game around the world.”

Lily Reich, Operations Manager of the SADGA said: “At the South African Disabled Golf Association, we are desperate for golf balls so it’s incredible that DP World is able to help alleviate that financial pressure with this fantastic initiative. Golf has afforded many of our members a second life in sport which aligns beautifully with the vision held by DP World.”

Craig Stirton, SADGA’s Media Liaison added: “The motto of SADGA’s first swing programme is ‘kids with a brighter future through golf’ and we feel that the donation of these golf balls thanks to DP World will go a long way in terms of helping us achieve that.”

Tony Bennett, President of EDGA commented: “With Golf for the Disabled developing at an exponential rate, it is very timely that this support has become available for some projects where greater access to golf balls and facilities will make a big difference.”

Irishman, Brendan Lawlor, World No 2 on the Golf for Disabled Tour (G4D) and representative of Golf Ireland said: “Golf for the Disabled has developed enormously in Ireland over the last few years. Earlier in the year, I was proud to participate in the Irish team that won the EGA European Championship and with this donation of balls from DP World to EDGA and Golf Ireland, I look forward to seeing new individuals with a disability try our great game.”

Hoping to inspire the next generation of golfers, DP World also partnered with two organisations promoting the sport among young people. The Junior Golf Foundation in Kenya and The Golf Foundation in India, both aim to encourage and support more children to play golf and compete in tournaments, regardless of their background.

Hon Ababu-Namwamba, EGH, Cabinet Secretary for Youth Affairs, Sports and the Arts, Republic of Kenya said: “This initiative will have an incredible impact on the Junior Golf Foundation in Kenya. These balls will help to demystify the game of golf and secondly, they will open the opportunity for many young people who look at golf as a closed elitist sport that you can’t access. It feels very special to be selected by DP World as a beneficiary, it’s a very strong message from the corporate world that you have a role to play and who knows, we might just have the next Tiger Woods emerging from Kenya.”

Kanana Muthomi, a 10-year-old junior at the Junior Golf Foundation Kenya, was delighted with the news, “It’s going to be very nice that lots of these golf balls will be coming to Kenya. More of the underprivileged kids are going to get the chance to play and it’s going to encourage more junior golf. In Kenya not all kids get the chance to play golf so this will give more opportunities for them to play the sport I love. Thank you to DP World for the golf balls.”

Amit Luthra, Founder and President of the Golf Foundation India said: “These golf balls are like gold nuggets for us, with the price of golf balls being so expensive, this initiative from DP World is a huge help for the children of India to continue playing golf. It’s an honour for us to be chosen as a beneficiary, the Golf Foundation India has been recognised for our work in the promotion of sport and this initiative will go a long way in helping us continue to do that.”

The DP World golf ball container has made its final stop for the season at this week’s season-ending DP World Tour Championship, where the world’s best golfers are battling it out to finish on top of the DP World Tour Rankings on the Earth Course on Jumeirah Golf Estates from 17-20 November.

","pubDate":"Sat, 19 Nov 2022 10:01:46 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dpworldgolfballbeneficiariesatdpwtc.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dpworldgolfballbeneficiariesatdpwtc.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dpworldgolfballbeneficiariesatdpwtc.png?10000","ppImageTitle":"DP World Golf Ball Beneficiaries at DPWTC"},{"title":"WLP welcomes new members and partners from over 15 countries at DP World’s inaugural Global Freight Summit","link":"https://www.dpworld.com/news/wlp-welcomes-new-members-and-partners-from-over-15-countries/","guid":"https://www.dpworld.com/news/wlp-welcomes-new-members-and-partners-from-over-15-countries/","caseid":"548127","subtitle":"Gathered industry experts in the supply chain community to discuss the challenges and trends of global trade","description":"

The World Logistics Passport (WLP) welcomed a host of new members and partners representing international traders and freight forwarders from over 15 countries, during the first Global Freight Summit (GFS) hosted by DP World in Dubai.

The WLP is a Dubai-led global initiative designed to smooth the flow of international trade, reducing the cost of logistics for its members, both in terms of money and time, while also facilitating access to new market opportunities.

The GFS included a closed session hosted by HH Sheikh Ahmed bin Saeed Al Maktoum, Chair of the WLP Global Steering committee, in the presence of H.E. Sultan bin Saeed Al Mansoori, Chaiman of the General Civil Aviation Authority, co-chair of the WLP Steering Committee, and Sultan Ahmed Bin Sulayem, Co-chair of the WLP Steering Committee, and global trade leaders, which gave industry experts, leaders and innovators a forum to candidly discuss their supply chain concerns and explore opportunities to overcome the trade barriers together with the WLP team.

HH Sheikh Ahmed bin Saeed Al Maktoum said: “The UAE is at the forefront of supporting innovative initiatives that enhance global trade. WLP helps remove trade barriers, unlock multimodal trade, and smooth the overall trade journey for the traders.”

Sultan Ahmed Bin Sulayem, Co-chair of the WLP Steering Committee, expressed that the WLP vision is to promote global growth by finding tools and solutions that will address the bottlenecks of the entire supply chain to enhance the flow of trade across the world. He also stressed the importance of WLP's mission in connecting the public and private sectors, understanding their challenges, and progressing solutions to connect each one of our hubs and gateways to the network.

The session concluded with a special announcement, with the award of a new Platinum tier membership for the invitees, which is available across WLP’s 27 global hubs. The benefits range from priority inspection at customs to reduced cargo landing fees. The members also received a specially curated suite of digital solutions by DP World including a limited-time free membership of Digital Freight Alliance, SeaRates, CARGOES Runner, and CARGOES Flow.

New Members

The WLP and the GFS were both established to open opportunities for traders and freight forwarders to overcome trade barriers and facilitate new exchanges.

During the three-day event in Dubai, the Indo-Latin American Chamber of Commerce (ILACC) and the Federation of National Associations of Freight Forwarders and International Logistics Operators of Latin America and the Caribbean (ALACAT), signed an agreement with the WLP. It aims to strengthen the value proposition for the members and to understand the critical challenges of today’s supply chain, to create logistics solutions that will actively improve trade between the participants through WLP to contribute towards the country’s economy.

Moisis Solis Flores, President of ALACAT said: “We are committed to nourishing the trade relationship between India and the Latin American region. Working with the WLP compliments our vision. Together, we intend to build stronger synergies to enhance the trading journey for both our regions.”

","pubDate":"Fri, 18 Nov 2022 10:02:38 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_wlp.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_wlp.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/wlp.jpg?10000","ppImageTitle":"WLP"},{"title":"Inflation and geopolitics to weigh on global supply chain in the next 5 years","link":"https://www.dpworld.com/news/inflation-and-geopolitics-to-weigh-on-global-supply-chain-in-the-next-5-years/","guid":"https://www.dpworld.com/news/inflation-and-geopolitics-to-weigh-on-global-supply-chain-in-the-next-5-years/","caseid":"547443","subtitle":"DP World study highlights biggest concerns keeping freight forwarders awake at night","description":"

Inflation and geopolitical tensions are set to dominate concerns for the global supply chain over the next five years, according to a DP World study released today.

DP World surveyed dozens of freight forwarders in October. The study paints a stark picture of an industry in turbulence, with climate change and access to talent weighing heavily on business resilience and the ability to create seamless supply chains.

Some 63% of the respondents said Inflation is a main concern, while 56% cited geopolitical tensions as another major cause of concern.

The findings from the survey were showcased at the Global Freight Summit, three-day conference that brings together industry experts, leaders and innovators under one roof to share knowledge and focus on how data can improve connectivity in global supply chains.

The event was inaugurated by His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and CEO of Emirates airline and Group and Chair of the World Logistics Passport (WLP) Global Steering Group, and attended by Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, as well as members from the Digital Freight Alliance (DFA).

This is having major ramifications for businesses. Around 10% of the respondents said they had changed the markets they do business in due to uncertainty. Indeed, these worries look set to dominate the thoughts of freight forwarders for years to come. Some 78% said they expect geopolitical tensions and inflation to remain concerns over the next five years, with two thirds (66%) of freight forwarders believing it is ‘impossible to say’ when economic disruptions will subside.

Encouragingly, many in the supply chain industry appear cautiously optimistic. Three-quarters (75%) of the respondents said they expect technology to be a significant factor in easing the current supply chain woes. In fact, more than half (56%) believe digitalisation will be the single biggest driver of efficiency, reducing bottlenecks and supporting the industry going forward. Technology will have a considerable impact on the supply chain, with three in four saying it will lead to cost savings and a greater ability to target and deliver to new customers.

But many were unclear on how to integrate technology into their industry, with a third saying they wanted to, but simply did not know how to do it. It is unsurprising then that half of the freight forwarders said they are further behind on their company’s digital transformation journey than they had hoped.

“Global supply chains are significantly impacted by the pandemic, geopolitical tensions and the looming threat of the global climate change crisis. In fact, these challenges have demonstrated that many parts of the global supply chain infrastructure are fragile. These rising concerns makes it imperative for logistics operators to come up with the tools and solutions that offer real-time visibility across the entire supply chain. This can allow trade routes to be fit for purpose, and thus facilitating a more seamless movement of trade around the globe,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.

Mike Bhaskaran, Group Chief Operating Officer, Digital Technology at DP World, said: “The uncertainties of today’s world are making trade harder and it is increasing the disconnect at various points across the whole supply chain. The freight forwarding community must come together to act now to mitigate risk, so that we can build towards a more resilient future.

“This is why we are proud to host the first-ever Global Freight Summit here in Dubai. The event will bring together the brightest minds from the whole supply chain for discussions that will help us agree on concrete actions to solve some of the major challenges keeping the community awake at night,” he added.

Other challenges that freight forwarders are currently experiencing include rising and unpredictable freight rates, with 80% highlighting this as the biggest worry keeping them awake at night. The lack of financing options is another major issue, with 37% of those surveyed saying this has a crippling effect on their ability to deliver goods.

Interestingly, whilst the pandemic has disrupted every industry, including logistics, it has resulted in several positive benefits. A third of freight forwarders said it prompted a much-needed overhaul of their business, with 41% saying it has changed how they track cargo. Over half (54%) said it has increased pressure on management to operate more sustainably.

","pubDate":"Mon, 14 Nov 2022 11:21:10 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_sultanahmedbinsulayemgroupchairmanandceoofdpworld-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_sultanahmedbinsulayemgroupchairmanandceoofdpworld-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/sultanahmedbinsulayemgroupchairmanandceoofdpworld-2.jpg?10000","ppImageTitle":"Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World"},{"title":"DP World teams up with Emirates Development Bank to finance SME growth","link":"https://www.dpworld.com/news/dp-world-teams-up-with-emirates-development-bank-to-finance-sme/","guid":"https://www.dpworld.com/news/dp-world-teams-up-with-emirates-development-bank-to-finance-sme/","caseid":"546805","subtitle":"Providing small and medium-sized enterprises (SMEs) access to trade financing through DP World’s trade finance platform","description":"

DP World has teamed up with Emirates Development Bank (EDB), signing a Memorandum of Understanding to provide small and medium-sized enterprises (SMEs) access to trade financing through DP World’s trade finance platform.

It includes a formal framework for EDB and DP World to provide SMEs with access to trade financing at competitive rates via DP World’s trade finance platform. Both parties will also focus on developing joint thought-leadership and outreach programmes and providing financial solutions to support SMEs’ business growth.

Despite being a vital component of global trade, SMEs often encounter challenges with cross-border transactions, supply chain disruptions, and rising raw material costs. To help support the development of SMEs in the UAE, EDB provides financing and innovative banking solutions that ensure the sustainable growth of all parties involved in the development process.

Through the digital platform, DP World facilitates relations between importers, exporters, and logistics companies with financial institutions from around the world. The platform provides borrowers numerous trade finance solutions while providing lenders access to data on cargo movements so they can support SMEs with confidence. These services are provided by DP World Financial Services Limited, a company registered under the Dubai International Financial Centre (DIFC) and regulated by Dubai Financial Services Authority (DFSA).

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “We strive to provide new solutions for our customers that not only add value to the services we provide, but also help digitise the trade ecosystem, and enable smarter trade across all markets. We always aim to unlock new geographies to enable global trade and empower SMEs to reach their goals. This partnership will connect SMEs in the UAE with a wider range of financing options that allow them to trade across borders.”

Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank said: “We are delighted to form a dynamic partnership with DP World to enable growth and economic diversification in the UAE, in line with the government’s national agenda. Over the years, EDB has expanded its SME support, enhanced their bankability, and provided them with easy and smooth access to growth finance. We look forward to creating new opportunities with DP World and working closely with them to support the growth of SMEs from the UAE and overseas.”

","pubDate":"Wed, 09 Nov 2022 09:36:51 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_containersstackedinyardatjebelaliterminal1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_containersstackedinyardatjebelaliterminal1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/containersstackedinyardatjebelaliterminal1.jpg?10000","ppImageTitle":"Containers stacked in yard at Jebel Ali terminal (1)"},{"title":"IFFCO to develop 300,000 square feet edible oil packing plant at DP World’s Berbera Economic Zone, Somaliland","link":"https://www.dpworld.com/news/iffco-develops-edible-oil-packing-plant-at-dp-worlds-economic-zone-somaliland/","guid":"https://www.dpworld.com/news/iffco-develops-edible-oil-packing-plant-at-dp-worlds-economic-zone-somaliland/","caseid":"546683","subtitle":"DP World is developing the Economic Zone after investing in the Port of Berbera to create an integrated maritime, logistics, and industrial hub to serve the Horn of Africa","description":"

DP World has signed a lease and collaboration agreement with UAE-based food producer IFFCO, for an edible oil packing plant in the Berbera Economic Zone (BEZ) in Somaliland.

IFFCO’s subsidiary, IFFCO Somaliland signed a 25-year lease with BEZ to develop a 300,000-square-foot packing facility, with future expansion plans covering another 300,000 square feet. Once complete, the first phase of the edible oil plant will create hundreds of jobs for local Somaliland citizens. Construction will start in the first half of 2023.

The agreement was signed in Dubai by Suhail Albanna, CEO & Managing Director of DP World, Middle East & Africa, and IFFCO’s Executive Director, Rizwan Ahmed.

DP World is developing the BEZ after investing in the Port of Berbera to create an integrated maritime, logistics, and industrial hub to serve the Horn of Africa, a dynamic, ever-evolving region with a population of more than 140 million people, with a strategic location along major trade sea lanes and land routes. DP World’s investments in Somaliland are done via an investment platform where DP World is in partnership with the UK's development finance institution and impact investor British International Investment (BII).

Modelled on Jebel Ali Free Zone (Jafza), DP World’s flagship Free Zone in Dubai, the BEZ has been developed around a customer-centric ecosystem, where DP World is not only developing the zone, but will also operate the one-stop shop for company registration and licensing services as well as offer logistics services and build to suit services. This ecosystem also leverages on the synergies with Jebel Ali Free Zone (Jafza), where on the one hand, companies can register their companies through the Jafza one-stop shop, while on the other hand, Berbera Economic Zone companies can avail of the Jafza incubation centre services. DP World’s portfolio of economic zones such as BEZ will bring our Jafza customers in closer proximity to their markets.

Suhail Albanna, CEO & Managing Director of DP World Middle East & Africa, said: “We are delighted to welcome a major multinational company like IFFCO to the Berbera Economic Zone. The decision by IFFCO to set up a plant is a major vote of confidence in the zone and a testament to our offerings. In fact, with the port, the economic zone and the one-stop-shop all under DP World, it will be like a home away from home for Dubai-based customers such as IFFCO. The zone will also have a positive impact on the local and regional economy by creating jobs and attracting more foreign direct investment to Somaliland.”

Shiraz Allana, Director and supervisory board member of IFFCO, said: “IFFCO continues to invest in the future of food and supply chains globally. We currently operate 95 facilities, including several port-based manufacturing facilities worldwide. This partnership with DP World demonstrates our commitment to the UAE's national food security strategy and facilitating global food trade. It also further enhances access to African consumer bases quickly and more efficiently. IFFCO’s team will build exceptional infrastructure to help deliver a seamless flow of trade from the ground up.”

","pubDate":"Tue, 08 Nov 2022 10:53:01 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_iffco-dpworld.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_iffco-dpworld.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/iffco-dpworld.jpg?10000","ppImageTitle":"IFFCO - DP World"},{"title":"DP World commits to CO2 reduction and takes on the Green Shipping Challenge","link":"https://www.dpworld.com/news/dp-world-commits-to-co2-reduction-and-takes-on-the-green-shipping-challenge/","guid":"https://www.dpworld.com/news/dp-world-commits-to-co2-reduction-and-takes-on-the-green-shipping-challenge/","caseid":"546094","subtitle":"Planning to invest up to $500 million across its business to cut CO2 emissions by nearly 700,000 tonnes over the next five years","description":"

DP World Chairman and Group CEO, Sultan Ahmed Bin Sulayem announced the company intends to invest up to $500 million to cut CO2 emissions from its operations by nearly 700,000 tonnes over the next five years.

The announcement was made as Bin Sulayem addressed delegates at the UN Climate Conference (COP 27) in Sharm El-Sheikh, Egypt today by video. He also reinforced DP World’s commitment to sustainability by taking on the Green Shipping Challenge (GSC).

Launched earlier this year by US Special Presidential Envoy for Climate Change John Kerry and Norwegian Prime Minister Jonas Gahr Støre, the challenge encourages countries, ports, companies, and other actors in the shipping value chain to come forward with concrete announcements to further ocean-based climate actions.

“Global trade has been an enormous force for good, keeping our world connected and lifting millions out of poverty over the last few decades. But this growth is not without consequences – from the scale of energy required to make, move and use goods to the resource intensity of logistics and the challenges economic growth can bring. As a leading enabler of global trade, we have the tools, ingenuity and drive to lead a step change in logistics,” Bin Sulayem said.

The planned reduction in carbon emissions by nearly 700,000 tonnes represents a 20% cut from 2021 levels.

DP World’s plans include replacing its global fleet of assets from diesel to electric, investing in renewable power and exploring alternative fuels.

“Our World, Our Future’ is our sustainability strategy, one that is designed to deliver responsible operations. We have already committed to becoming a carbon neutral enterprise by 2040 and net zero carbon enterprise by 2050. We will work with our global partners to develop an action plan to advance the goals of the GSC and encourage industry players to devise plans to address climate change,” added Bin Sulayem.

“We’re doing this through three main pillars of activity; the electrification of our ports and terminals equipment, investment into renewable energy and through research and development projects that will look into alternative fuels, vessels and vehicles across our portfolio,” said Bin Sulayem.

“Our ports and terminals business is making steady progress, by following the strategy of maximising efficiency, equipment electrification, supply of renewable electricity, low carbon fuels and carbon compensation,” he said.

In January, DP World entered a strategic partnership with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, an independent, not-for-profit organisation, undertaking intensive research and development to find practical ways to decarbonise the global maritime trade industry.

“Decarbonising the maritime industry requires the complete rewiring of the entire system, imagining new supply chains and structures. It is a huge undertaking, but one that we are ready to venture into. We bring extensive expertise in integrated logistics and infrastructure, and deep understanding of the complexity faced by the industry, having grown from a local port operator in Jebel Ali to an end-to-end supply chain solutions provider, moving around 10% of global cargo”, he added.

One of the biggest challenges comes from the marine services and logistics businesses which represent a major portion of the DP World’s total carbon footprint through their fleets of vessels and trucks. Addressing this will be an important part of developing solutions as the company pursues its net zero target.

The global decarbonisation strategy aims to first reduce absolute emissions as much as possible, then focus on replacing fossil fuel with renewable energy resources, and finally purchase offsets for the hard to abate remaining emissions for the 2040 carbon neutral target. Complementing technology driven solutions such as replacing vehicles and fuels, DP World is also working with local communities where it operates to establish carbon offset schemes, and carbon sinks such as mangrove forests.

","pubDate":"Mon, 07 Nov 2022 17:01:30 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_acontainervesselenteringaterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_acontainervesselenteringaterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/acontainervesselenteringaterminal.jpg?10000","ppImageTitle":"A container vessel entering a terminal","ppImageDescription":"aerial top view container ship crane Lifting container for Logistic by sea in warehouse."},{"title":"DP World taps young tech innovators to create new global trade solutions","link":"https://www.dpworld.com/news/dp-world-taps-young-tech-innovators-to-create-trade-solutions/","guid":"https://www.dpworld.com/news/dp-world-taps-young-tech-innovators-to-create-trade-solutions/","caseid":"545286","subtitle":"Open innovation challenge – THE BIG TECH PROJECT – launched to leverage new technology for global trade problems","description":"

DP World recently opened its doors to students from the top universities in UAE and India to reimagine global supply chains and create new technology-driven solutions in its first-ever innovation challenge, THE BIG TECH PROJECT.

DP World challenged the university students to design and build prototypes of their proposed trade solutions, under the expert guidance of mentors from DP World's Global Technology team.

After receiving dozens of entries, four finalists have now been selected, with three from India and one from the UAE. They will be flown on an all-expenses paid trip to Dubai in November to present their solutions to DP World’s THE BIG TECH PROJECT jury.

The grand finale will take place at the end of November where the finalists will compete for DP World's first-ever Student Innovators title. All finalists will be given guaranteed internships at DP World and Macbook laptops, while the winner and runner up will receive cash prizes as well.

“By digitising a traditionally analogue industry, DP World aims to make trade smarter, to keep it flowing, increase visibility and minimise disruption. This is how trade networks fit for the future are built. Initiatives like THE BIG TECH PROJECT will help us accelerate this trend by tapping into the creativity of some of the brightest young minds in India and the UAE. I am excited to see the solutions these student innovators have devised to solve real world problems,” said DP World Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem.

The four finalists are from:

Mohamed bin Zayed University of Artificial Intelligence, Abu Dhabi, UAE: A 3D visual guidance equipment maintenance and inspection system for port terminal equipment.

International Institute of Information Technology (IIIT) Bangalore, India: Leveraging the metaverse to give students a real-time understanding of daily life in different careers, help them make informed decisions.

IIIT Bangalore, India: VR experience for Dragonmart where customers and wholesalers can benefit mutually.

IIT Kharagpur, India: Digital-twin solution to tackle harbour congestion, unpredictable demand and unreliable operations.

While the students prepare their solutions, DP World continues to expand its tech centres worldwide and build new solutions. It recently established two new tech centres at Bengaluru and Hyderabad in India, with another upcoming centre in Gurgaon.

The new tech employees will take on a variety of roles – from developers, product and project management, quality assurance and automation, UX Design, system analysts and system design – fulfilling DP World’s vision of building technologically advanced integrated services to help trade flow. They will work on cutting-edge applications of heavy automation, AI/ML and robotics – such as DP World’s unique proprietary Box Bay technology.

","pubDate":"Thu, 03 Nov 2022 10:44:08 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_automatedvehicleboxbay.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_automatedvehicleboxbay.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/automatedvehicleboxbay.jpg?10000","ppImageTitle":"automated vehicle boxbay"},{"title":"DP World partners with Lin-Gang Special Area to develop Chinese trade zone","link":"https://www.dpworld.com/news/dp-world-to-develop-chinese-trade-zone/","guid":"https://www.dpworld.com/news/dp-world-to-develop-chinese-trade-zone/","caseid":"544587","subtitle":"Cooperation between DP World’s Jebel Ali Freezone and Lin-Gang to benefit customers at both free zones and boost service offerings","description":"

DP World is expanding its operations in China by signing a Memorandum of Understanding (MOU) to support logistics and trade development at the Lin-Gang Special Area, a free trade zone in Shanghai.

The MOU was signed today with Shanghai Lin-Gang Economic Development Group (Lin-Gang Group) at a virtual ceremony by Lin-Gang Party Secretary and Member of Shanghai Standing Committee, Jinshan Chen, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World and Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza.

DP World will work with the Lin-Gang Group and deploy the World Logistics Passport (WLP) programme, a global, private sector-led, initiative designed to smooth the flow of global trade, unlock market access through the creation of new trade routes and provides economic efficiencies to members. The WLP will provide Chinese businesses with faster and more cost-efficient access to markets in Asia, Latin America, the Middle East and across Africa.

At the same time, DP World will share its experience from Jafza, its flagship freezone in the UAE. Combined with the Jebel Ali Port, Jafza forms a world-class, integrated ecosystem for over 9,000 companies from around the world, serving more than 3.5 billion people globally by connecting directly to 150 ports and more than 180 shipping lanes.

The Lingang Special Area offers some of the most innovative and forward-looking business policies for both Chinese and international companies beyond normal free zones offerings. There are currently more than 40,000 corporations registered in Lin-Gang, including Tesla which operates a Model 3 factory, China International Maritime Containers (CIMC), China State Shipbuilding Corporation (CSSC), Caterpillar, and Commercial Aircraft Corporation of China (COMAC). Its strategic position in southeast Shanghai makes it an important node for Shanghai coastal thoroughfare with access to waterways, air routes, railways, highways, inland rivers and the subway.

The MOU aims to benefit customers in both freezones.

As part of the agreement, Lin-gang will invite leading enterprises in the Yangtze River Delta to jointly promote the WLP to benefit from the innovative policies and offerings from this programme.

The inclusion of China in the WLP strengthens the programme’s position across Asia with Hubs in India, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam. Chinese traders and freight forwarders who become Members of the WLP will have access to the different benefits offered by WLP Partners, who include DP World, Thai Airways and Emirates SkyCargo. Example benefits include fast-tracking of cargo, reducing customs clearance times, and removing administrative costs.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Extending the WLP into China by partnering with Lin-Gang special area is a huge development and a testament to the strength of the programme. Efficient supply chains make products and services more competitive and selling to more markets increases economic resilience. The WLP helps deliver this, whilst also strengthening bilateral relations between the People’s Republic of China and the United Arab Emirates.”

Bin Sulayem is also Chairman of the Dubai Ports, Customs and Freezone Corporation (PCFC), which owns and runs the WLP.

Lin-Gang Party Secretary, Jinshan Chen, said: “Lingang Special Area is a pioneer in promoting the higher level of opening up in Shanghai. Since its establishment in 2019, it has always been promoting market-oriented innovation with opening-up commitment to build a standardized and transparent system. Our partnership with DP World could help Lingang to build an open Special Zone, and accelerate the establishment of a new development platform to create channel & gate for Chinese enterprises to develop business in Middle East, Indian subcontinent, and Red Sea region.”

","pubDate":"Wed, 02 Nov 2022 10:36:29 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_picture2-6.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_picture2-6.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/picture2-6.jpg?10000","ppImageTitle":"Picture2"},{"title":"DP World reports 2.5% like-for-like volume growth","link":"https://www.dpworld.com/news/dp-world-reports-25-like-for-like-volume-growth/","guid":"https://www.dpworld.com/news/dp-world-reports-25-like-for-like-volume-growth/","caseid":"540566","subtitle":"Growth in 3Q2022 was primarily driven by a solid performance across our Asia Pacific, Americas and Australia terminals.","description":"

DP World Limited handled 59.6 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2022, with gross container volumes increasing by 2.0% year-on-year on a reported basis and up 2.5% on a like-for-like basis[1]. On a 3Q2022 basis, DP World handled 20.1 million TEU, up 1.5% year-on-year and up 2.1% on a like-for-like basis.

3Q2022 gross volume growth was mainly driven by Asia Pacific, Middle East & Africa, Americas, and Australia with a strong performance from Qingdao (China), ATI (Philippines), LCIT (Thailand), Jeddah (Saudi Arabia), Vancouver (Canada), Posorja (Ecuador), Santos (Brazil), and Australia. Jebel Ali (UAE) handled 3.5 million TEU in 3Q2022, up 2.0% year-on-year.

At a consolidated[2] level, our terminals handled 34.6 million TEU, up 1.9% year-on-year and up 1.4% on a like-for-like-basis in 9M2022. On a 3Q2022 consolidated level, we handled 11.7 million TEU, increasing 2.7% on a reported basis and 1.5% year-on-year on a like-for-like[3] basis.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World commented: “We report another robust set of throughput figures with nine-month volume growth of 2.5%, which is once again ahead of industry growth of 1.1%[4]. As expected, growth rates have decelerated due to the more challenging market conditions, but global trade continues to remain resilient, and our portfolio is expected to continue to outperform the market.

“Growth in the third quarter was primarily driven by a solid performance across our Asia Pacific, Americas and Australia terminals. Encouragingly, our flagship port of Jebel Ali (UAE) continues to deliver robust volumes with growth of 2.0% year-on-year.

“Looking ahead, the near-term outlook remains uncertain given the geopolitical environment, inflationary pressures and currency fluctuations but we remain positive on the medium to long term outlook for global trade. Overall, given the solid nine-month volume performance, we expect to deliver an improved set of full year results.”

[1] Like for like gross container volume adjusts for volumes at Luanda (Angola), Alsace (France) and divestment at Visakha (India)

[2] Consolidated throughput is throughput from all terminals where the group has control as per IFRS

[3] Like for like consolidated container volume adjusts for volume at Luanda (Angola) and Eurofos (France)

[4] Drewry estimates

","pubDate":"Tue, 25 Oct 2022 07:46:16 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_containersinyard.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_containersinyard.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/containersinyard.jpg?10000","ppImageTitle":"Containers in yard"},{"title":"BOXBAY wins German Logistics prize","link":"https://www.dpworld.com/news/boxbay-wins-german-logistics-prize/","guid":"https://www.dpworld.com/news/boxbay-wins-german-logistics-prize/","caseid":"540106","description":"

BOXBAY, a revolutionary automated, safe and environmentally friendly High Bay Storage (HBS) container yard stacking system, has won the German Award for Supply Chain Management 2022.

DP World developed BOXBAY in a joint venture with industrial engineering specialists SMS group. They were presented with the award at a ceremony in Berlin after being selected by a jury of industry leaders as part of the International Supply Chain Conference.

The award recognised the system as an “exemplary concept” developed and implemented despite the recent challenges faced by the industry. It offers an innovative solution to some of the key challenges in container port logistics, combining increased efficiency with environmental targets.

The massive steel structure contains stacking cranes running between rows of container bays. It works like a library -- except each book can weigh 40 tonnes. Each container is stacked in an individual bay while the stacking cranes glide between them, picking out any container without having to move the boxes above or below it. This eliminates the unproductive reshuffling seen in conventional storage systems.

Because the steel frame holds the boxes, rather than stacking containers on top of each other, the storage system can be scaled for any location. It can be built up to 11 levels, roughly 50 metres high, increasing the density of the yard without adding to its footprint.

A conventional yard with rubber tyred gantry cranes can store around 750 TEUs per hectare. However, with BOXBAY, a yard can quadruple this figure, holding up to 3,000 TEUs per hectare.

Thanks to full automation and digitalisation, quayside trans-shipment speeds can be increased by up to 20% – a major economic advantage for the cost-intensive container shipping sector. It also uses solar power generated by photovoltaic panels on the roof of the storage system, so it can run in a CO2-neutral way.

Tiemen Meester, DP World’s Chief Operating Officer, Ports & Terminals said: “This is an exciting time for DP World and BOXBAY. Our pilot in Jebel Ali has been in operation since January 2021, and the system is being put to the test by leading global port operators. Several projects are currently in the design, layout, or budgeting phase.”

Burkhard Dahmen, CEO of SMS Group said: “We are very proud that our BOXBAY technology convinced the jury. The award also represents a huge success and motivation for the whole team. BOXBAY can make container handling in ports much more efficient while at the same time contributing to the decarbonisation of supply chains.”

SMS group originally developed the storage system to handle metal coils that can weigh up to 40 tonnes. Having proven the technology in the metals industry, it was refined for port logistics. DP World and SMS built a pilot facility at Jebel Ali’s Terminal-4 in January 2021. By the end of June this year 2022, 150,000 container movements were carried out under realistic operating conditions and verified the market maturity of the system.

","pubDate":"Thu, 20 Oct 2022 12:16:54 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_-kbf7473.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_-kbf7473.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/-kbf7473.jpg?10000","ppImageTitle":"_KBF7473"},{"title":"Drydocks World begins work on KANFA AS Module M10 for Energean","link":"https://www.dpworld.com/news/drydocks-world-begins-work-on-m10-for-energean/","guid":"https://www.dpworld.com/news/drydocks-world-begins-work-on-m10-for-energean/","caseid":"540078","description":"

Drydocks World, a DP World Company, has begun the construction of a new topside oil production module for KANFA, an independent process design and engineering company which will be deployed at the Karish field in the eastern Mediterranean.

The steel cutting ceremony for the KANFA AS Module M10, an oil separation train, marks the first collaboration between Drydocks World and KANFA AS.

Drydocks World scope includes the procurement of bulk materials (structure, Piping, electrical & instrumentation), fabrication, surface treatment including PFP application, mechanical completion, load out and sea fastening for module M10.

Following completion, the topside module will be transported to the Karish field for integration onto a floating production, storage and offloading (FPSO) vessel for Mediterranean-focused exploration and production company, Energean.

Energean will transport, lift and install the module onto the Energean Power FPSO.

Capt. Rado Antolovic PhD, CEO of Drydocks World said: “At Drydocks World we have extensive experience in marine vessel construction, allowing us to ensure the delivery of the highest quality product within set timelines. This collaboration with KANFA AS is a testament to our proven technical capabilities and track record. Our experience with FPSO vessels is well recognised and we look forward to delivering what I am sure is the first of many successful collaborations with KANFA AS.”

Vegard Solheim, Project Director, KANFA AS said: “It is a great pleasure and an honour, to be here at Dubai Drydocks to mark the steel cutting of our newbuild Module M10 for the Karish project. KANFA will supply a second, 700 tonne oil train for the Energean Power FPSO. The addition of a new module will increase the FPSO’s liquid productivity.”

","pubDate":"Thu, 20 Oct 2022 09:33:05 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_kanfamodule10groupphoto.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_kanfamodule10groupphoto.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/kanfamodule10groupphoto.jpg?10000","ppImageTitle":"Kanfa Module 10 Group Photo"},{"title":"DP World’s Jebel Ali Port and Free Zone key to boosting India-UAE trade to $100 billion","link":"https://www.dpworld.com/news/dp-worlds-jebel-ali-port-key-to-boosting-india-uae-trade/","guid":"https://www.dpworld.com/news/dp-worlds-jebel-ali-port-key-to-boosting-india-uae-trade/","caseid":"539921","description":"

DP World recently hosted “The India-UAE Bridge; Dubai – India’s Gateway to the World” along with the Confederation of Indian Industry (CII) for key business leaders in Mumbai to showcase the role of Jebel Ali Port and Free Zone in boosting non-oil trade between the UAE and India to $100 billion over the next five years, complementing the Comprehensive Economic Partnership Agreement (CEPA).

Trade between the two nations has existed for decades and continues to deepen with the signing of the UAE-India Comprehensive Economic Partnership Agreement (CEPA) in February 2022. The CEPA, which officially came into force on 1 May 2022, includes eliminating tariffs on more than 10,000 products and services over the next 10 years, which will have an enormous impact on trade between the two countries and the wider Gulf region. Despite macroeconomic and geopolitical headwinds across the globe, India and the UAE have seen an increase in trade, with DP World as a key logistics enabler. As per the Indian Ministry of Commerce and Industry, India’s non-oil trade with the UAE witnessed a 14% increase during the July-August 2022 period, just months after the CEPA came into force.

DP World is also supporting the ‘Make in India initiative’ and ‘Production Linked Incentive’ schemes to boost manufacturing, investments, and exports in India via its Jebel Ali hub, offering unmatched logistics and trade solutions and greater access to new markets.

In 2021, Dubai accounted for 86% ($38.4 billion) of the total $44.8 billion worth of total non-oil trade between the UAE and India. Indian companies at Jafza are the second largest partners in terms of trade volume (4.4 million metric tonnes) and fourth for trade value ($6.5 billion).

The Jebel Ali Port and Jebel Ali Free Zone (Jafza), which form a world-class, integrated ecosystem for over 9,000 companies from around the world, serve more than 3.5 billion people globally by connecting directly to 150 ports and more than 180 shipping lanes.

Through its joint investment platform with India’s National Investment and Infrastructure Fund (NIIF), DP World will invest up to $3 billion to create world-leading integrated logistics infrastructure for India.

DP World’s portfolio of multimodal logistics assets and services includes five port terminals with a total annual capacity of 6 million TEUs, as well as five container freight stations. It also operates 31 container trains, seven rail-linked private freight terminals, Cold Chain facilities and a fleet of 60 trucks.

DP World is currently developing three free-trade zones, more than 20 built-to-suit warehouses and 100+ hubs for express cargo. Its feeder service, Unifeeder is the largest coastal shipping player in India with more than 70% market share of coastal traffic.

Alongside physical infrastructure, customers and exporters can use DP World’s single-window digital platform CARGOES.com to book freight seamlessly, receive instant quotes online and choose preferred modes of transport.

Indian manufacturers can reach buyers from UAE, the Middle East and Africa through Bharat Bazaar, a world-class traders’ market linked to Jebel Ali Free Zone where they can store, showcase, and sell their products. With a full array of solutions on offer like storage, handling, packaging and logistics, Indian manufacturers have the flexibility to sell locally in Dubai or to export to other countries.

Abdulla Bin Damithan, CEO & Managing Director - DP World UAE & Jafza said: “India and the UAE have shared a close relationship for many years. Our vision and goals are common – to create a self-reliant and sustainable market. In alignment with the UAE government’s strategy, we at DP World look forward to driving the success of India’s revolutionary ‘Make in India’ initiative, while helping the emirate of Dubai retain its position as a leading trade hub and India’s gateway to newer, larger markets. DP World’s key offering towards this is the ‘India-UAE Bridge’, an initiative that will integrate our assets and capabilities to enhance trade values for both nations. We also have the India Traders Market under development and the new Agri Terminal’s capabilities, which will all help India’s trade with the world.”

Rizwan Soomar, Chief Executive Officer & Managing Director, Subcontinent & Sub-Saharan Africa, DP World said: “DP World is committed to partnering the growth of bilateral trade between India and UAE with the enabling ecosystem we have built in terms of logistics facilities and capabilities. Our key assets including maritime terminals, rail-linked private freight terminals, free trade zones among others are geared to support the growing trade needs of the industry. The UAE is an excellent gateway for Indian exporters to have better access to markets and customers in Africa, the Middle East and Europe. With the CEPA now firmly in place, I am confident that bilateral trade will reach the $100 billion mark well within the target time period.”

Robin Banerjee, Vice-Chairman, CII Maharashtra State Council, CII said: “Today, India is one of the biggest consumer markets in the world. The UAE has emerged as our third largest trade partner, with total non-oil bilateral trade valued at more than $72 billion. By collaborating with DP World, we want to capitalise on this success. DP World’s offering and exceptional connectivity have cemented Dubai’s position as the preferred logistics and distribution centre for Indian businesses. Their UAE-India Bridge and global logistics and financial solutions support traders and manufacturers in India and the UAE to fund their trade ambitions, thus contributing to economic gains for both countries. Businesses are gaining greater exposure and benefiting from Jafza’s excellent connectivity and thriving digital solutions.”

","pubDate":"Wed, 19 Oct 2022 08:17:51 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dsc-1835.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dsc-1835.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dsc-1835.png?10000","ppImageTitle":"DSC_1835"},{"title":"DP World Marine Services adds UAE coastal service","link":"https://www.dpworld.com/news/dp-world-uae-coastal-service/","guid":"https://www.dpworld.com/news/dp-world-uae-coastal-service/","caseid":"539691","subtitle":"DP World companies -- P&O Maritime Logistics and Unifeeder -- establish new route in the UAE using modified and efficient Multi-Carrying Vessels (MCVs) DP World Marine Services will help debottleneck customer supply chains with the unique MCV vessel in the","description":"

DP World has introduced a new coastal service for the UAE, connecting its Jebel Ali hub to other ports around the country, supporting key customers by easing supply chain bottlenecks.

The inaugural shipment of roughly 200 TEUs sailed from the Jebel Ali Port to the Port of Ajman and arrived on-time on the 7 October 2022.

The new routes are serviced by a fleet of modified Multi-Carrying Vessels (MCV) to bypass congestion by calling smaller berths. The shallow draft vessels use less space and can access areas of ports, where larger ships cannot fit due to their size and length and can turn around at least twice as fast as larger vessels on shortsea routes. This is particularly useful when connecting UAE coastal feeder ports with hub ports.

The addition of marine services to the UAE’s 700-km Arabian Gulf coastline, gives customers more efficient access to Jebel Ali Port, and potentially cuts transit times by days. Initial shipments will focus on moving food imports into the UAE with its reefer capabilities, and moving commodities such as cement, out of it. The multi-modal offering means export customers benefit from seamless, last-mile delivery once cargo arrives at its destination port.

By moving additional volumes of containerised cargo between Jebel Ali and other ports in the UAE, DP World will connect customers and main line carriers to an integrated ecosystem at the Jebel Ali Free Zone (JAFZA), which connects to more than 150 ports worldwide and serves more than 3.5 billion people globally.

“We’ve created this new coastal service to better support our customers in the UAE region and mitigate the rapidly increasing costs of trade. Our hope is that our customers can enjoy a more seamless and sustainable solution along the coast of the UAE, as well as secure better access to our global hub, Jebel Ali,” said Jesper Kristensen, Group Chief Operating Officer, Marine Services at DP World.

DP World created its Marine Services combining its maritime solutions and feedering expertise from its marine businesses including Unifeeder and P&O Maritime Logistics, to support key customers with supply challenges and relieve their stretched supply chains.

The service starts with 2-3 calls per week, with a focus on connecting the UAE to the wider Middle East, Africa, the Indian Subcontinent and Far East.

For the next phase of development, DP World will deploy additional MCVs and add more port calls along the UAE coast. The focal point will remain the Port of Jebel Ali, thereby strengthening the competitiveness of the port and the trade capability of the UAE at large.

","pubDate":"Tue, 18 Oct 2022 12:11:20 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP World partners with WaterAid to deliver water, sanitation and hygiene infrastructure","link":"https://www.dpworld.com/news/dp-world-partners-with-wateraid/","guid":"https://www.dpworld.com/news/dp-world-partners-with-wateraid/","caseid":"538407","subtitle":"Global partnership will deliver infrastructure, system strengthening and community capacity building, as well as government advocacy","description":"

DP World has signed a partnership agreement with WaterAid, the leading international organisation tackling the global water security crisis, to deliver long-lasting, comprehensive water, sanitation, and hygiene (WASH) infrastructure.

WaterAid works in 27 countries to provide clean water, decent toilets and good hygiene. DP World is a leading provider of global smart end-to-end supply chain logistics, enabling the flow of trade across the globe. It operates in 78 countries across six continents, including many of those served by WaterAid, such as Mozambique, Rwanda, South Africa, Senegal, India and Pakistan.

Under the agreement, DP World will advocate for the private sector to address water and sanitation challenges globally, in line with UN Sustainable Development Goal 6, to ensure access to water and sanitation for all.

Maha AlQattan, Group Chief People and Sustainability Officer, DP World, said: “Access to WASH services is a critical focus area of DP World's 'Our World, Our Future' strategy under the Water legacy pillar. While we're already making great strides across our three legacy pillars of Education, Women's Empowerment and Water, a partnership with WaterAid will take that progress one step further. We recognise the clear material value of water to our business model: clean oceans provide critical arteries for trade, and clean water is a vital part of the value chain of every product we transport. That's why it's vital that, as the world's leading trade facilitators, we become vanguards of the communities in which we aim to make a positive impact.\"

Tim Wainwright, Chief Executive Officer, WaterAid, said: “WaterAid exists to ensure that everyone, everywhere, has access to clean water, decent toilets and good hygiene services. That's why we're keen to partner with DP World, an organisation that recognises the critical importance of access to WASH services and can drive impact at scale. Access to these services is central to gender equality, quality education, community health and economic development. Our partnership will ensure we have the resources to collaborate with local governments and roll out these much-needed programmes.\"

The global partnership with DP World starts in Mozambique, where an estimated 37% of the population don’t have access to safely managed drinking water; 63% don’t have access to safely managed sanitation services and 12% of households do not have access to handwashing facilities or soap and water.

WaterAid’s work in the country is focused on the rural northern Niassa Province, which is disproportionately affected by the lack of WASH services. The World Heath Organization (WHO) estimates that while more than 90% of the population in the southern province of Maputo has access to safe water, in Niassa the figure is only 38%.

DP World will invest GBP 200,000 over the next year to allow WaterAid to design and implement a comprehensive WASH programme to meet the unique needs of the most vulnerable communities in the country.

The WASH programme includes technical infrastructure, system strengthening, community capacity building, government advocacy and integration through other key WaterAid sectors – health, education, nutrition and livelihoods. The infrastructure plan covers building solar water supply systems, as well as building and rehabilitating sanitary blocks for patients and health staff, at five healthcare facilities in the Cuamba district.

DP World has already invested $90 million in Mozambique’s Port of Maputo, turning it into a gateway for southern Africa and unlocking enormous business opportunities in the region. More trade translates into a greater GDP and more resources for development, including water.

","pubDate":"Thu, 13 Oct 2022 16:12:15 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP World launches a new strategic arm focused on supporting the growth ambitions of large companies","link":"https://www.dpworld.com/news/dp-world-launches-a-new-strategic-arm/","guid":"https://www.dpworld.com/news/dp-world-launches-a-new-strategic-arm/","caseid":"535335","description":"

DP World has launched the Global Business Corporation, a new strategic arm focused on supporting large companies in achieving their growth ambitions. The initiative, which is set to further raise Dubai’s profile as a preferred global business destination, invites companies to enhance their international operating models with a base in the emirate.

Driven by the goal of ushering in a new era of opportunities for corporations, the Global Business Corporation (GBC) seeks to raise awareness of Dubai’s strengths and benefits as a location for high-value centralised business operations of large companies, such as headquarters, functional centres of excellence, and finance and treasury hubs.

Standing at the heart of a business-enabling ecosystem that includes special economic zones, the region’s largest trade port and a comprehensive portfolio of services and solutions, GBC seeks to connect companies to business enablers across Dubai to help them scale up and operate seamlessly.

GBC can provide business set-up and licensing -- under unique common law-based GBC Regulations -- for large companies that wish to set up a limited liability entity or branch in Dubai. A GBC license permits a foreign or domestic corporate group to own and operate a business management entity, allowing them to build a wide range of functional expertise and regional management capabilities as well as intellectual property, based on their strategies, operational needs, and capital requirements. GBC companies registered in the Jebel Ali Free Zone (Jafza) can also be used as holding companies.

The launch of GBC by DP World will open new horizons for large companies focused on strategic growth in a remapped, post-pandemic world. Located at the strategic crossroads of major trade corridors and close to some of the world’s largest and fastest-growing markets, GBC will help companies access a comprehensive portfolio of business enablement solutions and a thriving business ecosystem in Dubai to facilitate new opportunities for businesses to expand their operations in Dubai.

“Dubai’s location provides easy access to vast opportunities in the emerging markets of the Middle East, Africa, Europe, and the CIS. With the growth of manufacturing in this region, our air, sea, road, and rail infrastructure seamlessly connect Dubai to markets all over the world. Dubai’s world-class business-enabling infrastructure, access to highly skilled talent pools and its ability to offer an array of strategic advantages make it one of the globe’s most growth-friendly business hubs. With the launch of GBC, we plan to be standard-bearers for ambitious high-growth companies from around the world and provide them the support needed to achieve their strategic ambitions,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.

“Today, more and more companies with global reach are finding Dubai an exciting business-friendly destination. Dubai is where political and economic stability meets culture, ideas and progress. Businesses have been coming to Dubai to grow and prosper for over a century. The business world has changed, presenting opportunities for large companies to consider alternative locations when thinking about their strategic growth,” added Mohammed Al Muallem, Executive Vice President of DP World.

GBC is a complementary to the coalition of Dubai’s foreign direct investment advocacy and advisory groups. GBC will further enhance Dubai’s ability to add value and agility to corporations establishing their headquarters or regional hubs in the city.

","pubDate":"Mon, 03 Oct 2022 11:18:15 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image-5.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image-5.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image-5.jpg?10000","ppImageTitle":"Image"},{"title":"DP World donates $2.5 million and pledges logistics support for Pakistan flood relief","link":"https://www.dpworld.com/news/dp-world-donates-for-pakistan-flood-relief/","guid":"https://www.dpworld.com/news/dp-world-donates-for-pakistan-flood-relief/","caseid":"534656","description":"

DP World Chairman and CEO Sultan Ahmed Bin Sulayem visited Pakistan last week, where he pledged logistics support and donated $2.5 million to help people in the south of the country following the recent devastating floods.

After visiting flood-affected areas, the Chairman met with Pakistan’s President Arif Alvi and Chief of Army Staff General Qamar Javed Bajwa. DP World donated $1 million to the Pakistan Army Fund for Flood Affectees and pledged another $1.5 million in relief items, including shelter, medication, food items, and cooking implements.

The donations are through the DP World Foundation, which was launched in April to carry out humanitarian work and facilitate initiatives financed by the public and private sectors.

“The devastation and impact on Pakistan are heart-breaking. Visiting areas affected by natural disasters always forces you to put things into perspective as you try to fathom the enormity of the situation. It could be months before we understand the scale of the damage. However, for now, we must look at the most efficient ways to extend relief to aid local communities in distress,” said Bin Sulayem.

Warehousing space at DP World’s facilities in Karachi will be set aside for logistics support, with DP World covering the cost of warehousing and stock management.

“The disaster is much worse than what most people realise. With more than one-third of the country affected, Pakistan’s economy has suffered a devastating blow that will run into the billions. As leaders representing the global business community, it is imperative to identify immediate support and relief for the people of Pakistan. We must collaborate closely with government institutions and join hands with private partners or NGOs, to mobilise support across the community,” he added.

DP World has provided expertise and resources to help the humanitarian community respond to major disasters since signing an agreement with the UN’s World Food Program in 2017. The company uses its experience as a global trade enabler working across six continents to help connect organisations, communities and individuals with the resources they need during emergencies.

Floods highlight the urgent need for climate action

The DP World Chairman also called on global policymakers and business leaders to accelerate action against climate change.

“It is a massive wake-up call for the global community to urgently address the tipping points of climate change. I was due to attend the UN General Assembly and UN Climate Week in New York to engage with leaders worldwide to discuss how to tackle these issues. However, after hearing what happened in Pakistan, I wanted to see for myself what DP World can do now to contribute to the relief that is so desperately needed,” Bin Sulayem said.

“We cannot continue to turn a blind eye to an imminent threat that will undoubtedly impact our future generations if we don't act immediately,” he said. The upcoming COP27 climate summit in Sharm El Sheikh and COP28 in 2023 in the UAE will provide powerful platforms to discuss practical and financial solutions “to protect vulnerable countries and fragile communities, like those suffering in Pakistan, from the effects of natural disasters,” he added.

DP World committed to Pakistan investments

Bin Sulayem reaffirmed DP World’s commitment to working in Pakistan and ensuring it is part of creating a sustainable future. DP World operates the 1.35 million TEU Qasim International Container Terminal (QICT), near Karachi, which is responsible for 50% of Pakistan’s exports, handling more than 650 vessels a year.

DP World has continuously invested in upgrading QICT’s infrastructure to serve Pakistan's import and export trade and meet its immense growth potential. Earlier this month, as it marks 25 years of operations in Pakistan, DP World took delivery of nine rubber tyred gantry cranes which will boost efficiencies at the terminal and benefit Pakistan’s customers.

","pubDate":"Tue, 27 Sep 2022 10:02:05 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_photo-2022-09-27-11-12-21.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_photo-2022-09-27-11-12-21.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/photo-2022-09-27-11-12-21.jpg?10000","ppImageTitle":"PHOTO-2022-09-27-11-12-21"},{"title":"DP World moves 10 millionth unit at London Gateway as trade flows continue to grow","link":"https://www.dpworld.com/news/dp-world-moves-10-millionth-unit-at-london-gateway-as-trade-flows-continue-to-grow/","guid":"https://www.dpworld.com/news/dp-world-moves-10-millionth-unit-at-london-gateway-as-trade-flows-continue-to-grow/","caseid":"533634","description":"

DP World announced that its terminal at London Gateway has handled its 10 millionth container, just nine years after the smart logistics hub on the doorstep of the capital opened for business.

The milestone illustrates the remarkable track record of growth at London Gateway, which last year transported 1.8m TEU, an increase of almost 650 per cent compared with its first full year of operation in 2014. A new £350m fourth berth will further increase capacity by a third when it opens in 2024.

Ernst Schulze, UK Chief Executive of DP World, said: “After the disruption of recent years, shipping lines and cargo owners are looking for capacity, reliability and growth opportunities. We are providing it, enabling customers to move goods smoothly and efficiently in and out of the UK and across their supply chains.”

“Within a decade, London Gateway is likely to be handling up to 30 per cent of the country's containerised trade. Its port-centric logistics park will be one of the largest in Europe, employing 12,000 people and underpinned by investment in a second rail terminal and a new fourth berth.”

DP World operates the UK’s most advanced logistics hubs: two deep water ports at London Gateway and Southampton with access to freight rail terminals. By offering a choice of deep-water entry and exit points to and from UK, the leading provider of smart logistics solutions offers greater flexibility and choice for shipping lines, cargo owners and exporters.

DP World announced in July that London Gateway handled more than one million TEU in six months between January and June, a record for the port. This performance contributed to a record volume of cargo in the first half of the year for DP World’s ports in the UK, with a combined total of 1,937,000 TEU when factoring in throughput at Southampton.

Over the last 10 years DP World has invested £2 billion in the UK, supporting thousands of jobs. Over the next 10 years it has earmarked a further £1 billion of investment, which will act as a catalyst for the regeneration of some of the most deprived areas in the country.

","pubDate":"Mon, 26 Sep 2022 10:56:33 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_port-park-lowres.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_port-park-lowres.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/port-park-lowres.jpg?10000","ppImageTitle":"Port - Park - low res"},{"title":"Work begins on new speculative warehouse at London Gateway to meet unprecedented demand","link":"https://www.dpworld.com/news/work-begins-on-new-warehouse-at-london-gateway/","guid":"https://www.dpworld.com/news/work-begins-on-new-warehouse-at-london-gateway/","caseid":"532986","description":"

DP World in the UK announced that work has begun on a new speculative 119,000 sq ft green warehouse at London Gateway’s port-centric Logistics Park.

The company has witnessed its best year for new business in a decade, with demand for premium warehousing space in the South East of England reaching ‘unprecedented’ levels and a record volume of cargo handled by its two UK logistics hubs at London Gateway and Southampton in the first half of the year. In response to customer demand, the new green warehouse is being fast-tracked for completion in Q3 2023.

Oliver Treneman, Park Development Director at DP World in the UK, said: “At London Gateway, we have the space, infrastructure and vision to support customers as they grow, with the new speculative LG119 likely to be of interest to any growing business looking to expand or establish new operations. Our partnership approach, logistics expertise, digital solutions and intermodal connectivity help us to solve logistical challenges and give our customers more control over their supply chains.”

“At the size of 400 football pitches, our rapidly expanding Logistics Park is the biggest of its kind in Europe and will become home to a workforce of around 12,000 within the next seven years. The site’s outstanding road links, access to an adjacent rail terminal and proximity to both London and a deep-water port will cut transport costs for customers.”

In the last 12 months, four major new tenants have taken leases at London Gateway’s Logistics Park. Transmec and Magnum, two leading logistics businesses, signed up earlier this year following the news that London City Bond, a leading UK bonded warehousing provider, and OASIS Group, a secure information and data storage service provider, would also locate there.

In keeping with DP World’s commitment to minimising the environmental impact of its operations, the new facility will be one of the most sustainable warehouses yet built. It will have a BREEAM ‘Outstanding’ classification, with a target to deliver a 30 per cent carbon reduction during construction and a 40 per cent reduction in operational carbon emissions.

DP World – which operates ports, terminals and logistics businesses on six continents – continues to make major investments in the UK. It announced last year a further £300m investment in a new fourth berth at London Gateway, which will lift capacity by a third when it opens in 2024.

Between January and June, London Gateway saw throughput of 1,013,000 TEU, a 10% increase on the previous best half-yearly performance set in the second half of 2021. This performance contributed to a record volume of cargo for DP World’s ports in the UK, with a combined total of 1,937,000 TEU when factoring in throughput at Southampton, Britain’s second largest container terminal.

","pubDate":"Wed, 21 Sep 2022 08:50:13 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_20963-rps-viz-aerial-001-p03-dpw-logistics-logo.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_20963-rps-viz-aerial-001-p03-dpw-logistics-logo.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/20963-rps-viz-aerial-001-p03-dpw-logistics-logo.jpg?10000","ppImageTitle":"20963_RPS_Viz_Aerial_001_P03_DPW_Logistics_Logo"},{"title":"DP World wins latest judgement in Hong Kong Court over Djibouti concession","link":"https://www.dpworld.com/news/dp-world-wins-latest-judgement-over-djibouti-concession/","guid":"https://www.dpworld.com/news/dp-world-wins-latest-judgement-over-djibouti-concession/","caseid":"532781","description":"

DP World has won the latest in a string of court rulings, as it defends its rights as shareholder and concessionaire in Djibouti’s Doraleh Container Terminal.

The Court of Appeal of Hong Kong has dismissed the latest request by China Merchants Port Holdings seeking permission to file a second appeal before the Court of Final Appeal, against its previous decision that DP World’s suit against the company should be heard before Hong Kong Courts, and not the courts of Djibouti.

DP World and joint venture company Doraleh Container Terminal are bringing multi-billion dollar claims against China Merchants alleging that it induced the government of Djibouti to expel DP World from the country and hand over the Doraleh terminal to China Merchants. China Merchants investments in other ports and free zone projects in Djibouti, in breach of DP World’s exclusivity rights, will also be examined.

China Merchants surprisingly argued that the case should be heard by the Djibouti courts, despite Hong Kong being its home jurisdiction. The High Court of Hong Kong agreed with DP World’s arguments that the case should proceed in Hong Kong and ordered China Merchants to pay its legal costs. The Court of Appeal dismissed an appeal against that decision, and has now refused to grant China Merchants permission to file a second appeal before the Court of Final Appeal.

The Hong Kong court ruling follows a ruling in January 2022, by the London Court of International Arbitration (LCIA) against the Republic of Djibouti, awarding interim damages of US$ 200 million for damages caused over the period between for the period 23 February 2018 to 31 December 2020. That was the eighth decision by an international court or tribunal in favour of DP World in its ongoing dispute with the Republic of Djibouti, and total damages due to DP World now amount to US$ 686.5 million, plus accruing interest, while the Concession itself remains legally in force.

The Doraleh Container Terminal is the largest employer and biggest source of revenue in Djibouti and has operated at a profit every year since it opened.

DP World is a leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. With a portfolio of 295 businesses in 78 countries across six continents, with a significant presence in both high-growth and mature markets, the company enjoys strong relationships with governments around the world, working in partnership to strengthen economies through investment in infra-structure and the implementation of smart trade solutions.

","pubDate":"Tue, 20 Sep 2022 08:24:33 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP World joins the Digital Supply Chain Institute to overcome supply chain challenges","link":"https://www.dpworld.com/news/dp-world-joins-the-digital-supply-chain-institute/","guid":"https://www.dpworld.com/news/dp-world-joins-the-digital-supply-chain-institute/","caseid":"530105","boilerplate":"

We deliver these services through an interconnected global network of 295 business units in 78 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse and professional team of more than 97,600 from 158 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

We think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

","description":"

DP World has joined the Digital Supply Chain Institute (DSCI) to work with its members on new solutions to overcome supply chain challenges.

The DSCI community aims to help members interact with each other, uncover pressing supply chain issues and pioneer industry-transforming solutions.

“The focus of DSCI on supply chain is core to what we do at DP World,” said Mike Bhaskaran, Chief Operating Officer for Digital Technology at DP World. “We have grown from a local port operator to a global end-to-end supply chain solution provider. It’s a journey that is ongoing and collaboration will be the key.”

DP World delivers a range of services through an interconnected global network of 295 business units in 78 countries across six continents. The company will participate in two DSCI projects—Data Trading and future Constellation of Value--that will explore strategies to realize more value from data and ways to collaborate with partners to meet customer needs effectively.

DP World cited DSCI’s approach to applied research and collaborative learning on joint projects with members.

“In the incubation stages, DSCI provides a good forum to test new ideas with the members of the community. We can roll out ideas, have discussions with members, get their feedback and then work toward collaborative learning.” said Bhaskaran.

“We are very honored to have DP World become a member of the DSCI community. Their approach of anticipating change and deploying industry-leading technology to create smart, efficient, and innovative trade solutions, aligns with DSCI’s mission,” said Marko Kovacevic, DSCI Managing Director. “Having them on board strengthens our focus on creating next-generation resilient and customer-centered supply chains.”

DP World joins the global DSCI membership including Under Armour, Colgate Palmolive, Dell, Anastasia, Craft, Streamline Media Group, Lanaco, Panama Transshipment Group, Azarc, Transworld Group, and TubeIQ.

","pubDate":"Thu, 08 Sep 2022 09:46:50 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_womanworkingonamachineinfactory.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_womanworkingonamachineinfactory.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/womanworkingonamachineinfactory.jpg?10000","ppImageTitle":"Woman working on a machine in factory"},{"title":"DP World to support five global golf organisations","link":"https://www.dpworld.com/news/dp-world-to-support-five-global-golf-organisations/","guid":"https://www.dpworld.com/news/dp-world-to-support-five-global-golf-organisations/","caseid":"529838","description":"

As the official title partner of the DP World Tour, DP World has joined forces with several golf organisations to support initiatives that provide a platform for the game of golf to grow around the world, making golf more accessible to all.

Unveiled in January, DP World created a revolutionary shipping container to collect and redistribute used, lost and unwanted golf balls, giving them a second life in grassroot golf projects.

The golf balls have been collected in numerous ways, with donations from DP World Tour players, fans, professional golf ball divers, ball-collecting dogs, and children on golf ball hunts.

Following the season-ending DP World Tour Championship, DP World will use its expertise as a leader in global supply chain solutions to redistribute the golf balls to five organisations around the world.

DP World has focused on three key areas of growth for the sport – golf for the disabled, junior golf, and women’s golf – hoping to inspire and encourage more people to take up the sport. Each organisation will receive a proportion of the tens-of-thousands of golf balls that are currently filling up the second life container.

Daniel van Otterdijk, Chief Communications Officer of Group Communications at DP World, said: “Through our sponsorship of the DP World Tour, we wanted to find both a meaningful and memorable way to give back to the sport. This initiative is a great way for DP World to showcase our logistics and supply chain capabilities and expertise. By distributing the golf balls to the organisations that need them most, we are supporting initiatives that help to share the joy of playing golf. We look forward to hearing about how the balls have been used to grow the game around the world.”

Guy Kinnings, the DP World Tour’s Deputy CEO, Ryder Cup Director and Chief Commercial Officer, said: “It has been fantastic to see golf fans engaging with the custom-made container at several of our DP World Tour tournaments this season. As the container fills up with donated golf balls, we are delighted to support DP World with their plans to re-distribute the golf balls to these worth beneficiaries and encourage more people to pick up the sport – it’s important for us to champion the game of golf at all levels.”

A proportion of golf balls will be distributed to the South Africa Disabled Golf Association (SADGA) and the European Disabled Golf Association (EDGA), two organisations working to ensure the sport is fully inclusive.

As part of the announcement, a first donation of golf balls was made to the EDGA as part of the G4D Tour tournament taking place at the 2022 BMW PGA Championship. Tony Bennett, President of EDGA was delighted with the news that they had been chosen by DP World as a beneficiary. He said: “With Golf for the Disabled developing at an exponential rate, it is very timely that this support is available for some projects where greater access to golf balls and facilities will make a big difference.”

Hoping to inspire the next generation of golfers, DP World has also partnered with two organisations promoting the sport among young people. The Junior Golf Foundation in Kenya and The Golf Foundation in India, both aim to encourage and support more children to play golf and compete in tournaments, regardless of their background.

Angud Luthra, CEO of The Golf Foundation in India, said: “The distribution of these balls will further help grow the game of golf in our beautiful country. We are forever grateful and humbled to be chosen by DP World for this initiative.”

Finally, DP World has partnered with Chicks with Sticks, an organisation promoting women’s golf across the UAE, where the company is headquartered. The female golfing enthusiasts are excited about receiving the golf balls, their founder Jenny Hennessy claims: “I promise we will put the golf balls to great use – growing the game, one woman at a time.”

","pubDate":"Tue, 06 Sep 2022 06:36:25 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_df8a8648.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_df8a8648.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/df8a8648.jpg?10000","ppImageTitle":"DF8A8648"},{"title":"AI-powered auto gate system goes live in ATI’s Batangas Port","link":"https://www.dpworld.com/news/ai-powered-auto-gate-system-goes-live-in-atis-batangas-port/","guid":"https://www.dpworld.com/news/ai-powered-auto-gate-system-goes-live-in-atis-batangas-port/","caseid":"529783","boilerplate":"

DP World is the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.

DP World delivers these services through an interconnected global network of 190 business units in 69 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse and professional team of over 71,255 employees from 150 different nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

About CARGOES By DP World

\"A suite of enterprise services and products for the world of logistics & trade\"

In a continuously moving world with a growing population, the need for smarter trade is more important than ever before. DP World created our digital service CARGOES based on over 40 years of experience in logistics to solve challenges in the supply chain that create inefficiency and slow down trade. CARGOES provides solutions that support shippers with tracking to ports around the world. It also helps nations manage their operations or regulatory logistics needs. If there is an issue you need to solve, we're ready to hear from you. Together, we can make trade better.

","description":"

The Batangas Container Terminal (BCT) operated by Manila-based Asian Terminals Inc. (ATI) has successfully switched to fully automated gates leveraged on the pioneering technologies of its foreign equity partner and global trade enabler DP World.

The AI-powered CARGOES AVA+ automated gate system (AGS) – developed by DP World Zodiac FZE – went live in BCT recently, paving the way for smarter, faster, and safer trade through Southern Luzon’s international gateway port.

This also marked another milestone for BCT as it officially became the first port in the Philippines to transition to an AGS backed by machine learning and the foremost site across DP World’s global terminal network to fully implement the system.

CARGOES AVA+ AGS delivers integrated solutions for gate process automation, encompassing cameras, kiosk, and gate operating system. It uses intelligent cameras to capture information, such as container number, truck license plate, container door orientation, and seal condition among others as trucks pass through the portals. These data are processed through a video analytics server that uses deep learning to increase recognition and accuracy over time.

As the traditional hardware burden of Optical Character Recognition (OCR) setup is offloaded to deep learning software, CARGOES AVA+ is hardware agnostic and more cost-conscious compared to competing products.

The system automatically transmits data to BCT’s CARGOES TOS+ terminal operating system in real-time for seamless data processing. It eliminates manual entry errors and enhances access controls through automatic driver identification. All these features contribute to more efficient gate operations, higher gate capacity, and faster truck turnaround time.

Previously, BCT operated three lanes manually, with an individual operator needed at each gate. With the new system, all three lanes are now supervised remotely through the customized Gate Operating System, making the ingress and egress of trucks contactless and operationally safer.

DP World Philippines CEO and ATI director William Khoury commented: “We are very pleased to implement another industry first through BCT as we continuously upgrade our capabilities to provide smarter, faster, and safer ports and logistics services to our customers anchored on game-changing technologies. This early, the AGS has boosted BCT’s efficiency, increased gate capacity, and improved stakeholder safety, which collectively contribute to a more robust logistics sector, especially at this time of post-pandemic trade recovery.”

CARGOES AVA+ AGS will soon include container damage detection and digital facial recognition functionalities as developers optimize its highly versatile algorithms and dynamic features.

","pubDate":"Mon, 05 Sep 2022 12:37:48 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_aerialviewofentireterminalatatibatangasport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_aerialviewofentireterminalatatibatangasport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/aerialviewofentireterminalatatibatangasport.jpg?10000","ppImageTitle":"Aerial view of entire terminal at ATI Batangas port"},{"title":"DP World Launches e-commerce platform DUBUY.com in Tunisia","link":"https://www.dpworld.com/news/dpworld-launches-e-commerce-platform-dubuy-in-tunisia/","guid":"https://www.dpworld.com/news/dpworld-launches-e-commerce-platform-dubuy-in-tunisia/","caseid":"529768","boilerplate":"

DUBUY.com by DP World is the business gateway to Africa. A part of DP World, a global logistics business with 295 business units in 76 countries, our innovative digital platform provides a B2B e-marketplace with end-to-end supply chain solutions for the continent and beyond. Connecting African businesses to regional and international markets, ensuring goods are delivered safely, reliably and on time. With over 50 nations and a population of 1.3 billion people, Africa provides a unique opportunity for companies large and small.

About DP World

We deliver these services through an interconnected global network of 295 business units in 76 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

","description":"

A part of leading global logistics provider DP World, DUBUY.com opens a new digital trade corridor for Tunisia and the North Africa region
The wholesale platform brings efficient, reliable e-commerce to Tunisia, enabling market access for businesses of all sizes
Uniquely, the new digital trading corridors created by DUBUY.com will be supported by the physical corridors DP World has built across the African continent, including ports, terminals, and logistics operations

DP World today announced the launch of its e-commerce platform DUBUY.com in Tunisia, enabling Tunisian businesses to trade beyond their borders more easily and access new markets.

This latest expansion of DUBUY.com will allow Tunisian wholesalers to leverage an established and extensive network of international partners across the globe. It will also provide a more secure, convenient, and reliable supply chain through DP World’s worldwide ports and logistics network.

Through DUBUY.com’s network of importers, exporters, and trade professionals, Tunisian businesses will be able to grow, gain access to new product sources, and discover new business opportunities.

The move into Tunisia – representing a consumer market size of $5.2 billion – demonstrates DP World’s commitment to opening digital trade corridors in Africa by creating access to strategic markets for growing economies and further enabling local businesses to prosper. DUBUY.com is already offered in Ghana, Kenya, Tanzania and Zambia, representing an online business community of more than 4,000 active merchants.

DUBUY.com solves some of the key challenges facing the growth of e-commerce in Africa – which has the potential to become the world’s largest free trade area – by providing secure and accessible financial transactions, scaled pricing of high-value orders, and reliable fulfilment.

Speaking on today’s launch, Mahmood Al Bastaki, Chief Operating Officer of Digital Trade Solutions at DP World said: “The African e-commerce market continues to grow, with more regional businesses using digital technology channels to engage with suppliers and distributors. DUBUY.com is uniquely positioned to enhance trade in this region – taking Africa beyond its borders, and creating trading opportunities both on the continent and with the rest of the world. There is vast opportunity in our latest expansion into North Africa, accessible by businesses across the entire region, along with the Middle East and the rest of the world. We hope that access to this digital platform will further lift the Tunisian economy and enhance prosperity for the region.”

","pubDate":"Mon, 05 Sep 2022 11:13:32 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP World becomes title sponsor for Asia Cup T20 cricket tournament","link":"https://www.dpworld.com/news/dp-world-becomes-title-sponsor-for-asia-cup/","guid":"https://www.dpworld.com/news/dp-world-becomes-title-sponsor-for-asia-cup/","caseid":"525421","boilerplate":"

","description":"

The Asian Cricket Council (ACC) and DP World today jointly announced a new title sponsorship that will see the upcoming six-nation men’s T20 cricket tournament renamed as the DP World Asia Cup 2022.

The agreement comes as cricket stars from across the continent prepare the second T20 version of the Asia Cup, which will be played in Dubai and Sharjah from 27th August to 11th September 2022.

The new look DP World Asia Cup includes teams representing India, Pakistan, Sri Lanka, Bangladesh and Afghanistan, along with the winner of a qualification round – from Singapore, Kuwait, Hong Kong and the UAE.

They will play a total of 13 matches, all broadcast on Star Sports.

Opening the tournament is a match between Sri Lanka and Afghanistan. The final will be played on 11th September 2022 at the Dubai International Cricket Stadium, Dubai, UAE. This is the fourth time that the Asia Cup will be held in UAE.

ACC President Jay Shah commented on the sponsorship: “We are happy to have DP World as title sponsor of the Asia Cup 2022. The Asia Cup is a prestigious event and the participation of a respected partner like DP World is welcome.”

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are delighted to announce our title sponsorship of the 2022 Asia Cup. The partnership offers a unique opportunity to be a part of one of the most prestigious cricket tournaments in the world, right here in Dubai, the new sports capital of the region. We cannot wait to watch the action unfold over the next few weeks and wish the tournament organisers, teams and players every success over the coming weeks.”

The ACC was founded in 1983, to promote and develop the sport across in Asia. It currently includes 24 member associations.

DP World has a growing association with cricket. In 2020, DP World became the global logistics partner for the Royal Challengers Bangalore (RCB), using its global logistics expertise and network to support the team. And in August this year, DP World became the sponsor of Lion’s Cricket, one of South Africa’s leading cricket associations.

","pubDate":"Thu, 25 Aug 2022 11:32:06 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_picture2.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_picture2.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/picture2.png?10000","ppImageTitle":"Picture2"},{"title":"Al Ain Farms joins DUBUY.com to enter new markets through DP World’s network of global logistics","link":"https://www.dpworld.com/news/al-ain-farms-joins-dubuycom-to-enter-new-markets/","guid":"https://www.dpworld.com/news/al-ain-farms-joins-dubuycom-to-enter-new-markets/","caseid":"525285","boilerplate":"

","description":"

DUBUY.com has welcomed Al Ain Farms into its family of ecommerce brands to be hosted on the global ecommerce platform.

Al Ain Farms brings a new segment of local dairy products that can be exported to all the countries where DUBUY.com operates. Established in 1981 by the founding father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan, Al Ain Farms is one of the UAE companies that now has access to countries such as Kenya, Tanzania, Rwanda and most recently Ghana and Zambia.

It joins a diverse range of businesses using DUBUY.com’s unique offering to enter new territories and serve new markets, leveraging DP World’s exceptional capabilities in integrated global logistics and advanced technologies.

Mahmood Al Bastaki, COO of Digital Trade Solutions at DP World, said: “DP World is proud that Al Ain Farms has joined DUBUY.com to expand their market reach outside the UAE. DUBUY.com has reached over 2 million visitors since its launch in November 2021. We connect 10,000 registered customers to 2,000 registered vendors and facilitate the trade of 1.4 million products each day. We have no doubt that Al Ain Farms will grow their business further and we look forward to more UAE companies joining our platform to open up to the rest of the world.”

Hassan Safi, CEO of Al Ain Farms, said: “As the leading dairy and poultry company in UAE, Al Ain Farms is honoured to start the cooperation with the ecommerce platform DUBUY by DP World, and be part of their journey to provide first class global logistical and technological solutions. We are confident that this will lead to great export sales in the future across all Africa where DUBUY.com operates; especially for our unique UAE Camel Milk Powder range under the brand Camelait. We wish for this relationship to flourish into more regions and countries being included as the scale of operations progresses.”

","pubDate":"Thu, 25 Aug 2022 06:19:32 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_veterinarianatfarm.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_veterinarianatfarm.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/veterinarianatfarm.jpg?10000","ppImageTitle":"Veterinarian at farm","ppImageDescription":"Full length portrait of mature veterinarian wearing mask while inspecting cows and livestock at farm, copy space"},{"title":"DP World Tour launches new eTour competition with live Dubai finale","link":"https://www.dpworld.com/news/dp-world-tour-launches-new-etour-competition/","guid":"https://www.dpworld.com/news/dp-world-tour-launches-new-etour-competition/","caseid":"525274","boilerplate":"

About the DP World Tour

The DP World Tour is the main men’s professional golf Tour of the European Tour group, with a global schedule featuring a minimum of 44 tournaments in 25 different countries across the 2022 season.

Formerly known as the European Tour, which was established in 1972, the 2022 DP World Tour schedule includes five Rolex Series events, along with four Major Championships, two World Golf Championship events and three tournaments co-sanctioned with the PGA TOUR, as well as tournaments staged around the world with a minimum prize of $2million for all events solely sanctioned by the DP World Tour.

The season concludes with the final Rolex Series event, the DP World Tour Championship, Dubai, where the winner of the Tour’s season-long competition, the DP World Tour Rankings, will be crowned.

DP World, the leading provider of global smart end-to-end supply chain and logistics solutions, is the title partner of the DP World Tour, which is administered by the European Tour group.

About DreamHack Sports Games

DreamHack Sports Games (DHSG) is where traditional sports meets esports. As a leading Sports Games esports company, DHSG organises esports leagues and tournaments together with traditional sports IP rights holders. It has uniquely mapped the sports gaming community and created high-impact media sports games formats, enabling them to globally organise 15 EA SPORTS FIFA seasons — the world’s biggest EA SPORTS FIFA event — as well as producing the NHL Gaming World Championship. By creating strong event and media products around competitive esports, DreamHack Sports Games ensures the leagues and tournaments it operates are appealing and engaging entertainment products for its community of fans. Founded as part of DreamHack, an immersive, gaming lifestyle experience where the gaming community comes to life, DHSG combines esports knowledge with a legacy of producing some of the greatest esports events across the globe. More information is available at www.dreamhacksportsgames.com.

","description":"

The DP World Tour today announces the introduction of a new eTour competition, in partnership with the leading online and mobile game World Golf Tour (WGT) by Topgolf, and esports specialists DreamHack Sports Games, that will open to players across the globe on 31^st August.

The new eTour competition has four stages, with the entire competition played on the stunning Wolf Creek Golf Course in Nevada, USA, culminating in a live grand finale hosted at DP World’s high-tech FLOW Pavilion in Expo City, Dubai.

The four stages will be:

Open Qualification: Taking place on WGT by Topgolf and starting on 31^st August until 16^th October.
The Bracket: The top 128 players in Open Qualifying will be eligible to play in The Bracket, which takes place over four days, from 20^th to 23^rd October. This consists of eight individual brackets of 16 players each, who will play a knockout format to determine the winner of their bracket.
The Shootout: A one-round tournament to determine the final four players, taking place in the week commencing 24^th October.
The Global Final: The final four players will go head-to-head in a live final on 16^th November at the DP World FLOW Pavilion at Expo City Dubai to crown the 2022 DP World eTour winner. This is the same week as the season-ending DP World Tour Championship on the DP World Tour.

The WGT by Topgolf platform will also feature new DP World eTour branded apparel in its virtual store from August 31^st to November 30^th.

The competition is the latest collaboration between the European Tour group, Topgolf Entertainment Group and DreamHack Sports Games. In 2020 the organisations joined forces to launch the European eTour on the WGT platform, which saw more than 750,000 entries and five million rounds played in its first two seasons.

WGT by Topgolf is an established leader in online golf competitions and is currently played by more than 20 million people worldwide. It offers the most photorealistic golf gaming experience available, giving players the opportunity to virtually play some of the most famous championship golf courses.

Speaking about the new eTour competition Richard Bunn, Managing Director of European Tour Productions, said: “The esports industry allows the DP World Tour to engage with our existing audience in a different way and attract new fans through our broadcast and digital platforms. After working together with WGT by Topgolf and DreamHack Sports Games before on the European eTour, we knew they were the perfect partners to help introduce a new DP World Tour branded competition to our fans. With the support of our title partner DP World, the final promises to be a spectacular event, taking place at their impressive FLOW Pavilion in Dubai, that includes an 8K screen which is a stunning backdrop for the best WGT gamers to compete for the chance to be the DP World eTour Champion.”

Daniel van Otterdijk, Chief Communications Officer, DP World, commented: “We’re delighted to be part of the new global DP World eTour competition and particularly pleased to be able to host the grand final here in Dubai, in what will be a spectacular showdown. Dubai is not only one of the most prominent sports capitals of the world, but also a hub of world-class technology and innovation. Our DP World FLOW Pavilion in Expo City, which is dedicated to logistical and technological excellence, is a fitting setting to bring the DP World eTour to a close this November. We would like to wish all the competitors the best of luck and thank the partners involved in making it all happen.”

In November 2021, the European Tour group and DP World jointly announced a ground-breaking evolution to their long-term partnership, with DP World becoming the title sponsor of the group’s main tour from the start of the 2022 season.

","pubDate":"Wed, 24 Aug 2022 08:22:14 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_pavilioninteriorexteriorshoot.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_pavilioninteriorexteriorshoot.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/pavilioninteriorexteriorshoot.jpg?10000","ppImageTitle":"Pavilion Interior Exterior Shoot"},{"title":"DP WORLD REPORTS RECORD HALF YEAR PROFITS","link":"https://www.dpworld.com/news/dp-world-reports-record-half-year-profits/","guid":"https://www.dpworld.com/news/dp-world-reports-record-half-year-profits/","caseid":"524172","boilerplate":"

","description":"

DP World Limited has announced strong financial results for the six months to 30 June 2022 with total revenue growing 60.4% year-on-year and 20.1% on a like-for-like basis.

Results before separately disclosed items[1] unless otherwise stated	1H2022	1H2021	As reported % change	Like-for-like % change[2]
Gross throughput[3] (TEU ‘000)	39,488	38,598	+2.3%	+2.7%
Consolidated throughput^[4] (TEU ‘000)	22,918	22,566	+1.6%	+1.4%
Revenue	7,932	4,945	+60.4%	+20.1%
Share of profit from equity-accounted investees	84	76	+10.1%	+14.2%
Adjusted EBITDA^[5]	2,441	1,813	+34.6%	+23.6%
Adjusted EBITDA margin[6]	30.8%	36.7%	-	38.2%
EBIT	1,481	1,117	+32.6%	+26.1%
Profit for the period	884	585	+51.2%	+40.5%
Profit for the period attributable to owners of the Company	721	475	+51.8%	+39.2%

Results Highlights

Ø Revenue of $7,932 million (Like-for-like revenue growth of 20.1%)

§ Revenue growth of 60.4% supported by acquisitions, strong performance of feedering services and growth in high margin cargo.

§ Container revenue per TEU increasing by 9.2% driven by higher demand for storage.

Ø Adjusted EBITDA of $2,441 million and adjusted EBITDA margin of 30.8%

Adjusted EBITDA increased by $628 million, and EBITDA margin for the half-year stood at 30.8%. Like-for-like adjusted EBITDA margin was 38.2%.

Ø Profit for the period attributable to owners of the Company increased to $721 million

§ Profit attributable to owners of the Company before separately disclosed items increased 51.8% on reported basis and 39.2% on a like-for-like basis.

Ø Robust cash generation

Cash from operating activities increases by 29.6% to $1,931 million in 1H2022 compared to $1,490 million in 1H2021.
Combined Leverage including PFZW guarantee (Net debt to annualised adjusted EBITDA) decreased to 3.8 times (pre-IFRS16) from 5.9 times at FY2021. On a post-IFRS16 basis, net leverage stands at 4.1 times compared to 6.0 times at FY2021.
DP World credit rating improves to BBB- with Positive Outlook by Fitch and remains at Baa3 with Stable Outlook by Moody’s.

Ø Broadening of strategic partnerships strengthens balance sheet and drives long term value

Broadening of partnerships and monetisations to raise approximately $9 billion to significantly strengthen balance sheet and provide long term flexibility.
Expansion of CDPQ partnership in UAE to capture the growth potential of the wider region.
CDPQ-UAE transaction raised $5bn in tranche 1 for a 22% stake in the three UAE assets with up to a $3bn expected to be raised in tranche 2.
Expansion of NIIF[7] India partnership expected to raise c.$300 million and will allow us to accelerate investment across ports and logistics
New partnership with UK’s development arm BII to unlock trade potential of Africa.
Optimisation of France portfolio raises c.$300 million

Ø Selective Investment in Key Growth Markets

§ Capital expenditure of $741 million ($687 million in 2021) invested across the existing portfolio during the first half of the year.

§ Capital expenditure guidance for 2022 is for up to $1.4 billion with investments planned into UAE, Jeddah (Saudi Arabia), London Gateway (UK), Sokhna (Egypt), Senegal and Callao (Peru).

Ø Transformation of business to drive revenue synergies and long-term relationship with cargo owners

§ New logistics assets bring value-add capabilities in fast growing markets and verticals.

§ Near-term focus on continued business transformation to drive revenue synergies.

§ Deliver value add solutions to cargo owners by leveraging our best-in-class infrastructure across logistics, ports & terminals, economic zones, digital and marine services.

Ø Strong 1H2022 Performance, Outlook uncertain

1H2022 performance has been ahead of expectations but we expect growth rate to moderate in 2H2022 on more challenging economic environment.

§ Outlook is uncertain due to geopolitics, higher inflationary environment, currency fluctuations and continued supply chain disruptions.

§ DP World remains positive on medium to long-term outlook for global trade and is focused on delivering integrated supply chain solutions to cargo owners to drive growth and returns.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, commented:

“We are delighted to report a record set of first half results with adjusted EBITDA growing 34.6% and attributable earnings rising 51.8%. This significant growth demonstrates that our strategy to focus on high margin cargo and to offer customized supply chain solutions will provide sustainable returns in the long term.

Encouragingly, cargo owners continue to respond positively to our end-to-end product offering and we are focused on integrating our recent logistics acquisitions to further drive revenue synergies. We continue to invest in high growth verticals and markets to offer compelling supply chain solutions, and by leveraging our best-in-class infrastructure across logistics, ports & terminals, economic zones, digital and marine services, DP World aims to lower inefficiencies and improve connectivity in key trade lanes.

In recent months we have announced several transactions to raise approximately $9 billion. This strengthening of the balance sheet allowed us to achieve our 2022 leverage target[8] of below 4x Net Debt to EBITDA, and this fresh capital also provides us with the flexibility to accelerate investment in key growth markets whilst maintaining an investment grade rating.

Overall, the strong first half performance leaves us well placed to deliver improved full year results. However, the near-term outlook remains uncertain due to the more challenging macro and geopolitical environment. Consequently, we expect growth rates to moderate in the second half of 2022. Nevertheless, we remain positive on the medium to long-term fundamentals of the industry and DP Worlds ability to continue to deliver sustainable returns.”

- END -

Forward-Looking Statements

This document contains certain \"forward-looking\" statements reflecting, among other things, current views on our markets, activities and prospects. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances that may or may not occur and which may be beyond DP World’s ability to control or predict (such as changing political, economic or market circumstances). Actual outcomes and results may differ materially from any outcomes or results expressed or implied by such forward-looking statements. Any forward-looking statements made by or on behalf of DP World speak only as of the date they are made and no representation or warranty is given in relation to them, including as to their completeness or accuracy or the basis on which they were prepared. Except to the extent required by law, DP World does not undertake to update or revise forward-looking statements to reflect any changes in DP World’s expectations with regard thereto or any changes in information, events, conditions or circumstances on which any such statement is based.

Group Chairman and CEO Statement

DP World benefits from focus on high-margin cargo and supply chain solutions

The strong first half performance of 2022 is due to our consistent investment in relevant capacity, focus on high margin cargo and drive to deliver customised solutions to cargo owners. This relentless focus on providing solutions to cargo owners has allowed us to serve our customers better, which has now cemented long term relationships with cargo owners.

By leveraging our best-in-class infrastructure across logistics, ports & terminals, economic zones, digital and marine services, DP World has been removing inefficiencies across the supply chain and providing improved connectivity in fast-growing trade lanes. The demand for bespoke supply chain solutions will continue to rise as cargo owner’s demands shift, and DP World is well placed to benefit from these developments.

Broadening of partnerships strengthens balance sheet and drives long term value

DP World has announced several partnership expansions and monetisations in the last year, which has allowed us to achieve our 2022 leverage target^[9] of below 4x Net Debt to EBITDA. Overall, we believe these transactions will raise approximately $9 billion to significantly strengthen our balance sheet and help accelerate our investment in key markets and verticals to drive returns for DP World stakeholders, whilst maintaining an investment grade rating.

The most significant of these partnerships was the $5 billion CDPQ investment, which values the three UAE assets at approximately $23 billion[10]. The second tranche of this transaction is expected to raise up to another $3 billion which will further boost our balance sheet. Our many partnerships with CDPQ have been successful due to our complementary expertise and long-term investment horizon. We believe this transaction will enhance our UAE assets and allow us to capture the significant growth potential of the wider region.

In India, we broadened our partnership with NIIF to include our flagship India ports platform, which will raise approximately $300 million. We have made significant progress in building an inland logistics infrastructure network of great scale that complements our container ports platform, and this transaction aligns both parties to focus on delivering end-to-end supply chain solutions. The opportunity landscape in India remains significant and this transaction will allow us to accelerate investment across ports and logistics to drive returns for our respective stakeholders.

We also created a new investment platform with BII Group to accelerate investment in Africa to unlock the trade potential of the continent. BII Group is the UK's impact investor with over 70 years of experience in successfully supporting the sustainable, long-term growth of businesses in South Asia and Africa. By combining our in-depth knowledge of ports & logistics and BII’s expertise in infrastructure investments in Africa, we can drive greater supply chain efficiencies, provide improved trade connectivity and ultimately enhance value for all stakeholders.

In France, we optimised our portfolio and raised approximately $300 million[11] by exiting Le- Havre and consolidating Eurofos. The Eurofos terminal is important to DP World’s long-term strategy as a leading Mediterranean port and we are excited to focus on unlocking the substantial growth prospects of Fos.

Business transformation journey continues with new capabilities added

In recent months, we closed two significant logistics acquisitions, Imperial Logistics and syncreon. Imperial is an integrated logistics and market access solutions provider with a presence across 25 countries, including a substantial footprint in the high growth Africa market. Meanwhile, syncreon provides specialised value-added warehousing and distribution solutions and has a global presence across 19 countries. Both businesses bring complex solutions capability and strong long-term relationships with cargo owners. We continue to focus on our business transformation strategy as we add these new capabilities to drive revenue synergies.

Furthermore, we continue to develop a new range of products to drive efficiencies in the supply chain to support cargo owners. These include Cargoes Flow, a one-stop-solution that provides end-to-end visibility, Cargoes Finance which provides critical supply chain finance, particularly for SME’s who are the backbone of any economy; Cargoes Logistics, which simplifies trade by providing instant cargo bookings. In summary, the focus on innovation continues, as we invest in building intelligent platforms that provide efficient solutions for cargo owners.

Continued Investment in Ports & Terminals to add much needed capacity

In the first half of 2022, we invested $400 million in our ports & terminals portfolio, adding capacity in key markets including London Gateway (UK), Callao (Peru), Sokhna (Egypt) and Jeddah (Saudi Arabia). Our consistent approach to adding relevant capacity and investment in automation has allowed us to serve our customers better during this period of supply chain disruptions. We continue to invest in markets with strong supply-demand dynamics and remain focused on unlocking bottlenecks to serve our customers.

Group Deputy CEO & CFO Review

DP World’s first half 2022 results have come in ahead of expectations with adjusted EBITDA of $2,441 million, up 23.6% on a like-for-like basis, while our adjusted EBITDA margin remained healthy at 30.8%. Reported revenue grew by 60.4% to $7,932 million and attributable income to shareholders rose by 51.8%.

Importantly, the Group strengthened its balance sheet during the year and achieved its target (DPW & PFZW) leverage⁸ of below 4.0x Net Debt to adjusted EBITDA six months ahead of schedule. The business continued to generate high levels of cash flow with operating cash flow increasing by 29.6% year-on-year to $1,931 million.

DP World credit rating improved to BBB- with Positive Outlook by Fitch and remains at Baa3 with Stable Outlook by Moody’s. The Group continues to target a strong investment grade rating.

Middle East, Europe and Africa

Results before separately disclosed items USD million	1H 2022	1H 2021	% change	Like-for-like % change
Consolidated throughput (TEU ‘000)	12,370	12,126	+2.0%	+1.8%
Revenue	5,195	3,159	+64.5%	+13.9%
Share of profit from equity-accounted investees	32	26	+22.4%	+31.1%
Adjusted EBITDA	1,673	1,340	+24.9%	+13.3%
Adjusted EBITDA margin	32.2%	42.4%	-	42.9%
Profit After Tax	1,047	877	+19.3%	+12.8%

Market conditions were positive with steady container volume growth of 1.8% on a like-for like basis. Container stevedoring revenues grew by 5.6% on a like-for-like basis as the group’s focus on higher margin cargo yielded improved results. Demand for ancillary services was also strong with like-for-like growth of 21.2% in other container revenue.

Overall, revenue in the region grew 64.5% to $5,195 million on a reported basis, mainly due to the acquisition of Imperial Logistics and syncreon. Like-for-like revenue grew 13.9% due to a strong performance in both container and non-container activity.

Adjusted EBITDA was $1,673 million, up 24.9% on a reported basis and up 13.3% on a like-for-like basis. As expected, the adjusted EBITDA margin declined due to business mix change, particularly with the addition of the logistics acquisitions.

We invested $491 million in the region, mainly focused on capacity expansions in UAE, Sokhna (Egypt), Jeddah (Saudi Arabia) and London Gateway (UK).

Asia Pacific and India

Results before separately disclosed items USD million	1H 2022	1H 2021	% change	Like-for-like % change
Consolidated throughput (TEU ‘000)	4,976	5,119	-2.8%	-2.8%
Revenue	1,316	789	+66.8%	+46.4%
Share of profit from equity-accounted investees	47	46	+2.2%	+4.9%
Adjusted EBITDA	552	278	+98.5%	+98.9%
Adjusted EBITDA margin	41.9%	35.2%	-	47.6%
Profit After Tax	401	191	+109.6%	+114.7%

Market conditions in the regions were robust with container volume growth in Asia Pacific remaining solid. However, we saw a softer performance in India following a strong year in 2021. Demand for ancillary services remained strong with like-for-like growth of 24.1% in other container revenue.

Non-containerised like-for like revenue growth stood at 66.3%, driven by a strong performance from the feedering and logistics businesses of Feedertech and Unico which have benefited from the higher freight rates.

Total reported revenues rose 66.8% to $1,316 million and adjusted EBITDA increased by 98.5% to $552 million due to strong top line growth. On a like-for-like basis, adjusted EBITDA increased by 98.9%. Adjusted EBITDA margin stood at 41.9%. Post tax profit rose significantly to $401 million.

Capital expenditure in this region during the year was $76 million, mainly focused on economic parks in India.

Australia and Americas

Results before separately disclosed items USD million	1H 2022	1H 2021	% change	Like-for-like % change
Consolidated throughput (TEU ‘000)	5,573	5,321	+4.7%	+4.7%
Revenue	1,422	998	+42.5%	+18.7%
Share of profit from equity-accounted investees	4	3	+24.9%	+19.4%
Adjusted EBITDA	478	370	+29.4%	+17.9%
Adjusted EBITDA margin	33.6%	37.1%	-	37.8%
Profit After Tax	304	226	+34.4%	+25.4%

Container volumes remained robust in the region with solid growth in Americas while growth in Australia was steady.

Reported revenues rose 42.5% to $1,422 million and adjusted EBITDA increased by 29.4% to $478 million. On a like-for-like basis, adjusted EBITDA increased 17.9%. Profit after tax increased to $304 million due to strong top line growth.

We invested $162 million in capital expenditure in this region mainly focused on Prince Rupert (Canada) and Callao (Peru).

Cash Flow and Balance Sheet

Adjusted gross debt stood at $18.7 billion compared to $19.1bn as of 31 December 2021. Lease and concession fee liabilities accounted for $4.4 billion with an interest-bearing debt of $14.3 billion as of 30 June 2022. Cash stood at $3.2 billion, resulting in net debt of $15.5bn or $11.0bn (pre IFRS 16). Our net leverage (adjusted net debt to last 12 months adjusted EBITDA) stands at 3.5 times post IFRS16 and would be on 3.0 times pre-IFRS16 basis. DP World is also guaranteeing $2.2 billion of Port & Free Zone World debt related to the de-listing of DP World following the recent repayment of $5.0 billion of debt post the CDPQ transaction.

Capital Expenditure

Consolidated capital expenditure in the first half of 2022 was $741 million, with maintenance and replacement capital expenditure of $171 million. We expect the full year 2022 capital expenditure at up to $1.4 billion with investments planned into the UAE, Jeddah (Saudi Arabia), London Gateway (UK), Senegal, Sokhna (Egypt), and Callao (Peru).

Net finance costs before separately disclosed items

The net finance cost for the six months was slightly lower than the prior period at $373 million (1H2021: $385 million) mainly due to higher interest income.

Taxation

DP World is not subject to income tax on its UAE operations. The tax expense relates to the tax payable on the profit earned by overseas subsidiaries, as adjusted in accordance with the taxation laws and regulations of the countries in which they operate. For the first six months of 2022, DP World’s income tax expense before separately disclosed increased to $224 million (1H2021: $147 million) mainly due to increased profits in tax jurisdictions.

Profit attributable to non-controlling interests (minority interest)

Profit attributable to non-controlling interests (minority interest) before separately disclosed items was $163 million against 1H2021 of $110 million mainly due strong performance in the feedering business.

Sultan Ahmed Bin Sulayem

Group Chairman and Chief Executive Officer

Yuvraj Narayan

Group Deputy CEO & CFO

[ENDS]

For DP World media enquiries, please contact:

Adal Mirza

Head of Media Relations

Adal.mirza@dpworld.com

+971 56 355 0899

Tarek Kiwan

Int’l Media Relations Manager

Tarek.Kiwan@dpworld.com

+971 50 818 9722

Hakam Kherallah

Consultant, Media Relations & CEO Communications

Hakam.Kherallah@dpworld.com

+971 50 552 2610

[1] Before separately disclosed items (BSDI) primarily excludes non-recurring items. DP World reported separately disclosed items of $145.7 million loss for the period.

[2] Like-for-like at constant currency is without the new additions at Imperial Logistics, syncreon, Angola, Traders Market, Transworld and Avana. Also excludes divestment of Visakha (India).

[3] Gross throughput is throughput from all consolidated terminals plus equity-accounted investees.

[4] Consolidated throughput is throughput from all terminals where the Group has control as per IFRS.

[5] Adjusted EBITDA is Earnings before Interest, Tax, Depreciation & Amortisation including share of profit from equity-accounted investees before separately disclosed items.

[6] Like-for-like adjusted EBITDA margin.

[7] Announced June 29^th and is expected to close 1Q2023

[8] Pre IFRS 16

[9] Pre IFRS 16

[10] Enterprise Value

[11] Transaction closed 4 August 2022

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About CARGOES By DP World

\"A suite of enterprise services and products for the world of logistics & trade\"

About TuningBill

TuningBill is a B2B neobank, operating via RailsBank affiliated licenses in UK, Europe and USA, with plans to expand to Dubai, India, Singapore and HK in the near term. The neobank at its core offers flexible and fast BNPL loans, both secured and unsecured, to Importers and Ecommerce traders, where the space is process-intensive, underfunded, and banks are rapidly receding.

Our trader customers further benefit from non-lending services such as warehousing/fulfilment services, FX and remittances, and receivables insurance/recovery; with imminent plans to roll out credit cards. Unlike other neobanks, the basic banking services and other inventory/business tools are offered for free.

","description":"

DP World, the leading global logistics company and provider of smart supply chain solutions, today announced a partnership between CARGOES Finance By DP World and TuningBill, the business-to-business neobank.

CARGOES Finance By DP World is a fintech platform that brings together global importers, exporters and logistics companies in need of financing from around the world with financial institutions. CARGOES Finance provides lenders with access to data on cargo movements, enabling them to lend with confidence.

DP World customers will gain access to TuningBill services through the CARGOES Finance platform. These include flexible and fast loan services, both secured and unsecured, as well as non-lending services such as warehousing and fulfilment, foreign exchange and remittances.

TuningBill serves importers, exporters and ecommerce traders that can face shortfalls in funding from other banks. TuningBill can open bank accounts for its customers in multiple currencies, helping those customers who deal with multiple currencies when executing cross-border trades. The partnership follows TuningBill’s recent announcement that it has raised $22 million investment from Fasanara Capital.

Mike Bhaskaran, Group Chief Operating Officer, Digital Technology for DP World, said: “The new partnership with TuningBill adds further value to the services available to customers on the CARGOES Finance platforms. Now, those who benefit from these new financing options will have the peace of mind that their business operations will not only be more financially secure, but also more efficient due to the additional features provided by TuningBill.”

Sinan Ozcan, Senior Executive Officer, DP World Financial Services Limited: “In bringing TuningBill onto the CARGOES Finance platform, we are offering traders globally greater access to critical financing options. Working with TuningBill, we aim to address the global trade finance gap.”

Asit Beesen, Founder, TuningBill: \"We are humbled by this strategic partnership, a major milestone in our journey. We are committed to serving the loan request overhang, growing the book to north of $200 million in the near-term, further enhancing our technology, and most importantly, scaling our non-lending revenues.\"

Mohan Anem, Co-founder, TuningBill: \"Working with DP World we can ramp up our customer acquisition manifold. Its global reach will allow us to reach more and more customers in need of banking solutions.”

For more information on CARGOES Finance By DP World, or to request a demonstration, please visit: https://cargoes.com/finance

Financial services offered on the CARGOES Finance By DP World platform are provided by DP World Financial Services Limited, which is regulated by the DFSA.

","pubDate":"Tue, 09 Aug 2022 12:18:29 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_outdoorlogosignage13959.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_outdoorlogosignage13959.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/outdoorlogosignage13959.jpg?10000","ppImageTitle":"Outdoor logo signage (1)[39][59]"},{"title":"DP World Southampton completes go-live of new terminal operating system: Cargoes TOS+","link":"https://www.dpworld.com/news/dp-world-southampton-cargoes-tos/","guid":"https://www.dpworld.com/news/dp-world-southampton-cargoes-tos/","caseid":"522355","boilerplate":"

About CARGOES By DP World

\"A suite of enterprise services and products for the world of logistics & trade\"

","description":"

DP World, the leading global logistics company and provider of smart supply chain solutions, has completed the implementation of the CARGOES TOS+ Terminal Operating System at DP World Southampton in the UK.

DP World Southampton is one of the UK’s major deep-water ports, with an annual throughput of 2 million TEU, and the new terminal operating system implementation comes following DP World’s £40m investment into the port last year.

The CARGOES TOS+ solution is designed to optimise operations for efficient cargo and container handling at port and terminal facilities. Among the host of new features now available to DP World Southampton with CARGOES TOS+ is a highly accurate simulation modeling capability, where terminal operations and the results of planning can be seen in advance and fine-tuned before changes are made in the production environment.

Other new features include deadline handling for rail yard moves and dynamic zoning of quay cranes. This allows improved planning of discharge operations and empty container selection, to minimise travel distance and congestion.

Since the go-live of CARGOES TOS+ at the start of April 2022, quay crane gross moves per hour (a crane’s ability to move containers over the quay wall each hour) has increased, whilst truck turnaround time (the total time spent by a truck in the terminal area) has decreased. Additional features of the CARGOES TOS+ platform will be enabled at DP World Southampton over time to bring further productivity gains to the port.

The switch to CARGOES TOS+ from the legacy Navis N4 TOS system is a particular milestone for the CARGOES Ports & Terminals team as it is the first time CARGOES TOS+ has been rolled out at a port running straddle carrier operations.

DP World Southampton has garnered industry accolades for achieving the fastest landside turnaround time in the UK as well as being the most reliable rail feed, with dual track access to the country’s main rail network feeding 22 trains a day. Southampton has the highest percentage of containers moved by rail in the country, and together with its sister terminal London Gateway, takes the equivalent of 300,000 trucks off British roads each year.

The terminal is a pure straddle carrier port, operating a fleet of hybrid straddle carriers that service 14 quay cranes. Southampton has recently replaced diesel with vegetable oil-based HVO biodiesel, cutting net emissions from the terminal by over 80%.

Matt Stride, Business Optimisation Manager – Operations, Project Lead, DP World Southampton, said: “As the first straddle carrier terminal and one of the first big European terminals in the DP World portfolio, the leap from the Navis platform to CARGOES TOS+ represented a significant milestone for us and also for the CARGOES TOS+ group .

“As a highly competitive terminal, DP World Southampton embraced the prospect of a new TOS in order to increase productivity, reduce delays and build a platform for the future.

“The team in Southampton look forward to the next stages where more of the terminal operations (Empty Park, Rail Operation) will fall under TOS+ management and control.”

Steve McCrindle, Port Operations, DP World Southampton, further stated: “This was a fantastic team effort, not only to develop and deliver the first straddle carrier module, but the go-live was a resounding success, resulting in a seamless migration, no unplanned downtime and zero impact to our customers. The two teams have worked extremely well together. Full credit goes to CARGOES for understanding our requirements and ensuring we had the correct people and expertise throughout the project journey.”

Mohammed Rahmah, VP CARGOES Ports & Terminals, said: \"The Southampton terminal is a new success story for the team. At CARGOES, we focus on adding value to terminals by developing the most advanced features possible. We have end-to-end solutions catering for all elements of terminal operations, from gate systems to internet of things capability. With a host of tools to choose from, we aim to deliver the solutions that ports and terminals need as they adapt to the future of global trade.\"

","pubDate":"Thu, 28 Jul 2022 11:34:51 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_aerialviewofsouthamptonport-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_aerialviewofsouthamptonport-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/aerialviewofsouthamptonport-2.jpg?10000","ppImageTitle":"Aerial view of Southampton port"},{"title":"DP World reports volume growth of 3.5% in 2Q2022","link":"https://www.dpworld.com/news/dp-world-reports-volume-growth-in-2q2022/","guid":"https://www.dpworld.com/news/dp-world-reports-volume-growth-in-2q2022/","caseid":"521832","boilerplate":"

","description":"

DP World Limited handled 20.2 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the second quarter of 2022, with gross container volumes increasing by 2.9% year-on-year on a reported basis and 3.5%[1] on a like-for-like basis.

Volume growth in 2Q22 was driven by our terminals in Asia Pacific, Americas and Australia. Jebel Ali (UAE) handled 3.6 million TEU in 2Q2022, up 3.5% year-on-year. On a 1H2022 gross basis, DP World handled 39.5 million TEU, with gross container volumes increasing by 2.3% year-on-year on a reported basis and 2.7% on a like-for-like basis.

At a consolidated level, our terminals handled 11.6 million TEU in 2Q2022, up 1.8% both on a reported and on a like-for-like basis. On a 1H2022 consolidated level, we handled 22.9 million TEU, with container volumes increasing by 1.6% year-on-year on a reported basis and 1.4% on a like-for-like basis.

Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World, said: “We report another solid set of throughput figures with second quarter volume growth of 3.5%, which is once again ahead of industry growth of 2.6%^[2]. This robust performance illustrates the resilience of the global container industry, and DP World’s continued ability to outperform the market.

“Growth was driven by a strong performance across our Asia Pacific, Americas and Australia terminals. Our flagship port of Jebel Ali (UAE) also delivered an improved performance with throughput growth of 3.5% year-on-year.

“Looking ahead, the near-term outlook is uncertain given the geopolitical environment, inflationary pressures and continued impact of the pandemic, but we remain positive on the medium to long term outlook for global trade. Overall, given the solid start to the year, we expect to deliver an improved full performance”.

[1] Like-for-like volume

[2] Drewry estimates

","pubDate":"Wed, 27 Jul 2022 12:22:43 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dpworldcontainerattheport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dpworldcontainerattheport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dpworldcontainerattheport.jpg?10000","ppImageTitle":"DP World Container at the Port"},{"title":"Innovation and integration to take DP World Australia to next level","link":"https://www.dpworld.com/news/innovation-to-take-dp-world-australia-to-next-level/","guid":"https://www.dpworld.com/news/innovation-to-take-dp-world-australia-to-next-level/","caseid":"521831","boilerplate":"

","description":"

DP World has continued to perform strongly in Australia, demonstrating the resilience of its businesses and dedication of its workforce during the pandemic, while innovation and further integration beyond ports and terminals will take its supply chain offerings to the next level.

DP World Australia performed strongly throughout the pandemic with consistent operational performance and productivity, marked by minimal delays to shipping schedules. Waterside performance increased in 2021 compared to 2020, particularly in Sydney, where volumes increased 14% year-on-year, while crane productivity increased by 10%.

All DP World’s terminals in Australia lifted crane productivity, enabling the company to meet the unprecedented demands of higher volumes on our customers vessels and to assist with additional callers.

These results demonstrate not only the company’s resilience, but also the dedication of its workforce which has been critical to achieving this success and business continuity.

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem, is currently on a tour of the company’s facilities across the country, visiting. His tour includes the Sydney Terminal and Port Logistics Park, Brisbane Terminal, Melbourne Terminal and Melbourne Logistics Park and Fremantle Terminal.

Speaking to management and staff at Brisbane Terminal, Bin Sulayem underlined the importance of end-to-end logistics solutions for customers who need greater supply chain resilience, from factory floor to the retail door.

“Innovation drives us, the integration of our four business pillars will make a strategic difference and set us apart from the competition. Diversifying beyond just Ports and Terminals with our expanding Logistics business is vital for growth”, Bin Sulayem said. He added that Australia is well placed to take advantage of this diversification strategy.

Andrew Adam, CEO of DP World Australia, said: “It was a pleasure welcoming the Chairman on his Australian tour of our facilities across the country. We are extremely proud of our team’s achievements in Australia and commitment to building on this momentum further, to continue to deliver value to our customers. As we move towards an end-to-end Logistics provider, we look forward to expanding our service offerings, particularly in our Logistics business, to ensure we are continuously delivering consistent and reliable end-to-end service performance for our customers and the Australian supply chain”.

The chairman toured the AU$250 million (AED637 million) Brisbane Terminal, the only semi-automated facility in Australia, where he observed its automated stacking cranes (ASC), landside operations and discussed further growth for the business in Queensland. The terminal has the capacity to handle 720,000 TEUs per year and with the introduction of 3 new services calling in 2022, the terminal is set to achieve throughput of 650,000 TEU this year.

Brisbane Terminal currently has 16 ASCs, and DP World plans to increase the number to 20 by 2025. The terminal has achieved quay line productivity increases of 13% since introducing ASCs to the terminal, and an 18.6% growth in container throughput from 2019 to 2021. Growth is forecast at 4.5% per year over the next 5 years.

DP World Sydney also continues to meet the industry’s demands as a manual terminal and successfully handled its one millionth TEU in early November 2021. This significant milestone occurred across 345 vessels, at an average exchange of 1,793 units.

DP World is also working to enhance its offerings across its terminals. Five new Rubber Tyred Gantry (RTG) cranes have just commenced service at the Sydney Terminal with another five on the way in 2023. A new lease has also been agreed for Fremantle Terminal which has enabled additional forklifts and a new quay crane to be ordered.

This goes beyond just Ports and Terminals. Among the diversification projects are the expansion of the successful Sydney Port Logistics Park, which is adjacent to the terminal, and commencement of a transport service in Sydney. Ongoing investment in infrastructure as part of DP World’s renewal programme to continue to service the Australia supply chain efficiently includes the opening of Melbourne Logistics Park in 2021 and further business offerings to enhance its service to our customers beyond the terminal gate.

","pubDate":"Wed, 27 Jul 2022 09:28:57 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_sydney1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_sydney1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/sydney1.jpg?10000","ppImageTitle":"Sydney 1"},{"title":"Imperial increases stake in PST Sales & Distribution in Botswana","link":"https://www.dpworld.com/news/imperial-increases-stake-in-pst-in-botswana/","guid":"https://www.dpworld.com/news/imperial-increases-stake-in-pst-in-botswana/","caseid":"521186","boilerplate":"

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Imperial, owned by DP World, a leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe, has announced its Market Access business successfully completed a transaction to increase its stake in PST Sales & Distribution (PST) in Botswana, from 38% to 72%. The transaction came into effect on 1 July 2022.

PST is a home-grown Botswana enterprise with over 30 years of experience and rich in local industry knowledge and expertise. It also represents some of the world’s premier multinationals in the food and non-food Fast Moving Consumer Goods (FMCG) sector and has longstanding relationships with principals and customers. As part of seamless route-to-market solutions, PST’s services include supply chain management, sales & branding, as well as financial and administrative management.

“PST’s sound knowledge of the consumer landscape in Botswana, coupled with its comprehensive distribution and sales solutions, aligns well with DP World’s strategic objective of leveraging assets and logistics to create an integrated global supply chain – from factory floor to customer door”, said Mohammed Akoojee, Chief Operating Officer of DP World Logistics and Group CEO at Imperial. “PST further entrenches Imperial as the leading distributor of consumer goods in Southern Africa, providing brand owners with informed and unparalleled access to their end consumers by leveraging our in-market networks and in-country infrastructure”.

In addition to its in-depth knowledge of the Botswana consumer market, PST has the infrastructure to provide a nationwide route-to-market solution and a team of product specialists, which enables the business to participate in every category of the FMCG industry.

“PST is a renowned Botswana business known for the delivery of well-known brands in the country and further enhances our position as the leading distributor in Southern Africa”, said Johan Truter, Chief Executive Officer of Imperial’s Market Access business. “The business has robust infrastructure which enables it to serve the entire trade universe and has unmatched local knowledge, with almost all employees being local, including top management”.

Autash Arora, Managing Director of PST, added: “This transaction further cements PST’s relationship with Imperial, and bodes well for our vision of being the best FMCG distributor in the country and delivering well-known brands and household names to the people of Botswana. In addition, this investment allows us to continue to consistently deliver outstanding results for the benefit of our customers and principals in line with our promise of customer satisfaction”.

This transaction bears testament to Imperial fulfilling its ambition of becoming the leading market access and logistics partner in Africa, by providing access to quality products and services.

","pubDate":"Mon, 25 Jul 2022 09:45:48 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_b56q7402.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_b56q7402.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/b56q7402.jpg?10000","ppImageTitle":"B56Q7402"},{"title":"DP World’s Imperial obtains approval for acquisition of 100% stake in Africa-based J&J Group","link":"https://www.dpworld.com/news/dp-worlds-imperial-acquisition-of-jj-group/","guid":"https://www.dpworld.com/news/dp-worlds-imperial-acquisition-of-jj-group/","caseid":"520673","boilerplate":"

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Imperial, owned by DP World, announced today that all the requirements relating to its 100% acquisition of the J&J Group have now been fulfilled. The transaction relating to the acquisition of the first tranche of shares (51%) of the J&J Group, which was announced on 29 July 2021, was closed on 18 July 2022. This will be followed by the acquisitions of the second and third tranches of 46.5% and 2.5%, respectively.

J&J Group offers end-to-end logistics solutions along the Beira and North-South corridors in South-East Africa, specialising in the transport of break-bulk, containerised, project, fuel and out-of-gauge cargo between Mozambique, Zimbabwe, Zambia, South Africa, Malawi and the Democratic Republic of the Congo.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “This acquisition strengthens DP World’s position in Africa as an end-to-end logistics provider, by adding J&J’s significant presence along these key corridors in Africa – a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes.”

Mohammed Akoojee, Chief Operating Officer of DP World Logistics, Group CEO at Imperial, added: “This acquisition complements our ‘Gateway to Africa’ focus as it optimises and expands our reach in Africa by providing scale in end-to-end cross-border transportation services in key countries and new industries. This is possible through well-established routes, port capabilities, a well-developed asset base, including a fleet and warehousing space, as well as an entrenched customer portfolio.”

Through the acquisition of the J&J Group, Imperial will be positioned for quicker go-to-market outside of South Africa and end-to-end access to certain key countries and corridors (port to customer) in Africa.

“We are excited for J&J to partner with Imperial and believe that the operations of these two businesses are very complementary. This combination offers existing and potential J&J clients a true gateway to Africa,” explained Carlyle and Ethos Private Equity, currently the controlling shareholder of the J&J Group.

","pubDate":"Tue, 19 Jul 2022 09:44:59 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image-3.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image-3.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image-3.jpg?10000","ppImageTitle":"Image"},{"title":"Dubuy.com expands Africa presence with launches in Ghana and Zambia","link":"https://www.dpworld.com/news/dubuycom-expands-africa-presence/","guid":"https://www.dpworld.com/news/dubuycom-expands-africa-presence/","caseid":"520401","boilerplate":"

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DP World today announced the continued expansion of its e-commerce platform Dubuy.com in Africa, with launches in both Ghana and Zambia. The latest roll-out of the wholesale marketplace opens access to global supply chains for even more African businesses.

Dubuy.com provides advanced technology and secure transactions for wholesale traders, connecting them safely and efficiently to international markets. These digital tools are underpinned by DP World’s robust physical infrastructure across Africa, such as the port at Maputo and its connections with East and South Africa. On the West Coast, DP World currently offers port-centric logistics solutions through Senegal and Angola.

With Dubuy.com already offered in the UAE, Tanzania, Rwanda and Kenya, the latest launches demonstrate DP World’s continued commitment to creating strategic trading gateways for the region, both physically and digitally.

Mahmood Al Bastaki, Chief Operating Officer of Dubai Trade, said: “Dubuy.com continues to offer African businesses new ways to trade and expand. We are committed to providing digital infrastructure that connects economies and opens access to markets for all businesses. The latest launches connect our users with even more opportunities for growth.”

","pubDate":"Mon, 18 Jul 2022 09:36:31 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image-2.jpg?10000","ppImageTitle":"Image"},{"title":"DP World’s Imperial Logistics International marks 50 years of operations at the port of Fürth","link":"https://www.dpworld.com/news/dp-world-imperial-logistics-international/","guid":"https://www.dpworld.com/news/dp-world-imperial-logistics-international/","caseid":"520302","boilerplate":"

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Imperial’s Logistics International business, owned by DP World, has marked 50 years of logistics services and transport operations at the port of Fürth in Germany. The port is a handling centre for construction materials and agricultural goods for well-known companies in the region.

Looking back on half a century of history at the port of Fürth. Imperial, owned by DP World, the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe, is set to continue its role that started with the arrival of the first goods via the Main-Danube canal, north-west of Fürth, exactly 50 years ago, on 15 July 1972.

The port of Fürth is mainly a handling centre for construction materials and agricultural goods such as granite, sheet metal, timber and fertilisers.

“I would like to congratulate the Imperial team at the port of Fürth on this significant milestone anniversary. The port and our business location have been a reliable partner for 50 years when it comes to handling bulk commodities and steel products on inland waterway vessels, railway wagons and trucks,” said Mohammed Akoojee, Group Chief Operating Officer, Logistics at DP World and Group CEO at Imperial.

Hakan Bicil, CEO of Imperial’s Logistics International business, adds: “Tradition, experience and a team spirit across different generations have been the hallmarks of the professional services provided at the Imperial business site in Fürth for half a century and companies from trade and industry in our region and beyond have benefitted from this. If we add up the company membership of all the ten team members in Fürth, we arrive at the proud number of more than 140 years. The youngest team member has been with us for one year, while the most experienced employee for more than 43 years.”

The business site in Fürth is part of the industrial business, in which Imperial, an integrated provider of logistics and market access services, has combined its services for sectors such as the steel and construction industries as well as engineering and plant construction.

Imperial handled some 160,000 tonnes of different bulk commodities at the port of Fürth last year. Inland waterway services accounted for about 46,000 tonnes of this figure, trucks for more than 95,500 tonnes and the warehouse building, which measures 8,000 square metres, handled more than 18,000 tonnes.

","pubDate":"Fri, 15 Jul 2022 12:12:57 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image-imperial-portoffuumlrth.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image-imperial-portoffuumlrth.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image-imperial-portoffuumlrth.jpg?10000","ppImageTitle":"Image_Imperial_Port of Fürth"},{"title":"Imperial acquires controlling stake in ‘Africa FMCG Distribution Ltd’ in Nigeria","link":"https://www.dpworld.com/news/imperial-acquires-controlling-stake-in-nigeria/","guid":"https://www.dpworld.com/news/imperial-acquires-controlling-stake-in-nigeria/","caseid":"519267","boilerplate":"

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Imperial, owned by DP World, has announced its Market Access business has completed the strategic acquisition of a controlling stake in Africa FMCG Distribution Ltd (AFMCG), which is part of the Chanrai Group of Companies.

AFMCG is a multi-faceted business, distributing products that positively impact the lives of consumers in Africa every day. The business offers a nationwide and best-in-class route-to-market solution across multiple channels in Nigeria. Its services also extend to co-manufacturing, co-packing, sourcing and value-added services in the fast-moving consumer goods (FMCG) sector.

Representing some of the world’s leading multi-national FMCG companies and their brands, AFMCG has a wide-ranging product portfolio and is managed by an experienced, efficient and highly professional team, supported by robust technology and infrastructure.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “This transaction is aligned with our ambition of becoming the leading market access and logistics partner in Africa by connecting trade flows into and out of Africa. AFMCG boasts unmatched route-to-market solutions in Nigeria and also offers strategic value to DP World from a supply chain and fintech perspective, in line with our strategic objective of leveraging assets and logistics to create an integrated global supply chain – from factory floor to customer door.”

Leveraging its business legacy built through the Chanrai Group of Companies for over 130 years, AFMCG has developed longstanding relationships with multinational FMCG companies, established itself as a leading player in the Nigerian consumer market, and demonstrated good corporate citizenship through its broad-based social impact initiatives.

“Being one of the largest economies on the African continent, with attractive demographic and macroeconomic fundamentals, Nigeria boasts a significant consumer market and AFMCG presents an ideal opportunity with the necessary scale for us to leverage to sell truly pan-African solutions to our principals and clients,” said Mohammed Akoojee, Chief Operating Officer of DP World Logistics and Group CEO at Imperial.

Subodh Chanrai, Chairman of AFMCG, said: “This strategic transaction further enhances our foothold in this significant market and allows us to offer further benefit to our principals and keep pace with the evolving needs of the African consumer.”

","pubDate":"Tue, 12 Jul 2022 14:20:01 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dcff3f38-1c8a-4739-a034-cb49c8030eb0.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dcff3f38-1c8a-4739-a034-cb49c8030eb0.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dcff3f38-1c8a-4739-a034-cb49c8030eb0.jpeg?10000","ppImageTitle":"DCFF3F38-1C8A-4739-A034-CB49C8030EB0"},{"title":"DP World and NIIF announce broadening of partnership in India","link":"https://www.dpworld.com/news/dp-world-niif-announce-partnership-in-india/","guid":"https://www.dpworld.com/news/dp-world-niif-announce-partnership-in-india/","caseid":"516110","boilerplate":"

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DP World and India’s National Investment and Infrastructure Fund (NIIF) have announced the broadening of their existing partnership, with NIIF Master Fund investing primary capital of INR 22.5 billion[1] (approximately US$300 million) for a shareholding of approximately 22.5% in Hindustan Ports Private Limited (HPPL), the wholly owned subsidiary of DP World. With this transaction, which is also the Master Fund’s single largest investment, NIIF’s investment under this partnership will reach around US$500 million. The transaction is subject to customary completion conditions and is expected to close by Q1 CY2023.

HPPL is one of India’s leading container terminal platforms with a proven track record of growth over the long-term. The entity operates five container terminals managing more than 5 million TEU[2] of capacity and representing a national market share of over 20%. The terminals are in strategic growth locations including Mumbai (2), Mundra, Chennai and Cochin.

This investment from NIIF Master Fund extends the existing DP World and NIIF partnership, formed through the creation of Hindustan Infralog Private Limited (HIPL) in 2018. Since its inception, HIPL has made substantial investments in rail logistics, multi-modal logistics parks, container freight stations, economic zones, cold chain infrastructure and contract logistics to create a market leading integrated logistics platform.

As the value chain becomes more integrated, significant growth opportunities exist across the entire Indian ports and logistics space and both HIPL and HPPL are suitably placed to capture these opportunities. The primary capital raised through this transaction will aid in new infrastructure development, drive supply chain efficiencies and support future growth initiatives of HPPL. The investment in this combined entity will improve cargo connectivity which will deliver cost efficiencies and an enhanced customer experience.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “The broadening of our partnership with NIIF to include our flagship India ports platform is a natural extension of our existing relationship and aligns both parties to focus on delivering end-to-end supply chain solutions. Since the beginning of this partnership with NIIF, we have made significant progress in building an inland logistics infrastructure network of great scale that complements our container ports platform. Notably, the opportunity landscape in India remains significant and this transaction will allow us to accelerate investment across ports and logistics to drive returns for our respective stakeholders.”

Sujoy Bose, Managing Director & CEO, National Investment and Infrastructure Fund Limited, said: “The deepening of our successful 4-year partnership with DP World is a testament to the attractive opportunities in the Indian ports and logistics sector and the strategic vision and ongoing reforms under the PM Gati Shakti programme. The investment will enable NIIF’s domestic and international investors to have a meaningful exposure in the sector through a unique and scalable platform with a significant presence across sea-based container terminals and land-based container logistics infrastructure.”

[1] Approximately US$300m. (Exchange rate of 1 USD = INR75)

[2] Twenty-foot equivalent unit.

","pubDate":"Thu, 30 Jun 2022 06:59:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"Challenger Management partners with DP World to finance trade in emerging markets","link":"https://www.dpworld.com/news/challenger-management-partners-with-dpworld-to-finance-trade/","guid":"https://www.dpworld.com/news/challenger-management-partners-with-dpworld-to-finance-trade/","caseid":"516030","description":"

DP World, the leading global logistics company and provider of smart supply chain solutions, today announced a partnership between CARGOES Finance By DP World and Challenger Management Limited, allowing customers to access working capital solutions from the global trade finance fund.

CARGOES Finance By DP World is a fintech platform that brings together global importers, exporters and logistics companies in need of financing from around the world with financial institutions. CARGOES Finance also provides lenders with access to data on cargo movements, enabling them to lend with confidence.

Under the partnership, CARGOES Finance will provide Challenger with digital tools to improve paper-heavy processes, KYC (know your customer) and anti-money laundering information on clients, valuable trade data throughout the supply chain and other risk mitigant features on the platform.

Challenger, part of Fasanara Capital group investment house, has almost $100 million of capital deployed already. Challenger also provides systems to operate a marketplace for larger financial institutions to buy into deals that have already been financed by the fund, allowing greater funding options to traders.

With a focus on African and South American markets, Challenger offers funding access to customers in emerging markets, especially in exports.

Mike Bhaskaran, COO of Digital Technology, DP World, said: “In bringing Challenger onto the CARGOES Finance platform, we will provide access to financing options for traders in typically overlooked corners of the globe. It is another step in our mission to digitize the trade ecosystem and enable smarter trade across the world.”

Sinan Ozcan, Senior Executive Officer, DP World Financial Services Limited, said: “Cargoes Finance is putting forward an innovative vision for inclusive trade and bringing in expert trade finance lenders and companies in need of finance for their exports and imports together on a fintech platform. Our partnership with Challenger will continue to help us achieve our goal of improving the credit approval rate for SME credit application and reduce the financing cost for SME’s, especially in emerging markets like Africa.”

Francesco Filia, CEO of Fasanara Capital, said: “We look forward to supporting Challenger and their further expansion of trade finance niche operations. We were impressed by strong value proposition to the clients and deal assessment practices”.

Gary Isbister, CIO of Challenger Management Limited, said: “We’re thrilled to be partnering with CARGOES Finance By DP World. In combining our financing expertise with DP World’s logistical prowess, we will improve funding access to companies in regions that, for many years, have been overlooked and underserved.”

","pubDate":"Wed, 29 Jun 2022 16:18:38 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/clients/150_2451.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/clients/150_2451.png?10000","ppImageOriginal":"https://content.presspage.com/clients/150_2451.png?10000","ppImageTitle":"logo"},{"title":"DP World and PCFC to modernise Romania’s Constanta Port with new RO-RO terminal","link":"https://www.dpworld.com/news/dpworld-pcfc-to-modernise-romanias-costantaport/","guid":"https://www.dpworld.com/news/dpworld-pcfc-to-modernise-romanias-costantaport/","caseid":"515464","description":"

The Romanian government has signed an agreement with Dubai’s Ports, Customs and Free Zone Corporation (PCFC) and DP World to develop new infrastructure at the Port of Constanta to turn it into one of the most important cargo and vehicle hubs on the Black Sea.

The agreement was signed by Sorin Mihai Grindeanu, Romania’s Minister of Transport and Infrastructure, and Abdulla Bin Damithan, CEO & Managing Director, DP World UAE and Vice-Chairman of PCFC's Board of Directors.

The Ministry of Transport and Infrastructure aims to develop a new roll-on/roll-off (RO-RO) terminal to boost cargo vessel traffic at the Black Sea port which has become an important gateway for trade into Eastern Europe.

This will require significant investment and improved procedures to speed up the transit of RO-RO units through Constanta Port. Under the agreement, PCFC will work with DP World, a leading provider of global end-to-end supply chain logistics solutions, to modernise and develop the infrastructure on Pier II-S at the Port.

DP World will implement the project and provide the necessary investments in physical and electronic assets to help turn Constanta into a key centre for imports into Europe. This includes a new state-of-the-art X-ray scanner at the RO-RO terminal, which will significantly reduce the amount of time needed for physical inspections and boost its operational efficiency.

Commenting on the agreement, Sultan Ahmed Bin Sulayem, Chairman of PCFC and Group Chairman and CEO of DP World, said: “A few weeks ago, we celebrated our 18^th year of operations at DP World Constanta. We are proud of the confidence that the government of Romania continues to show in us and look forward to delivering a world-class, integrated supply chain solution that will enhance Constanta Port and Romania’s position in the region. This agreement is a testimony to the strength of the relationships we build with our partners around the globe.”

DP World operates a state-of-the-art 1.5 million TEU/yr Constanta South Container Terminal (CTST), already the largest port on the Black Sea, under a concession contract that runs until 2049. It also provides a full rail coordination service with 3 rail lines, each 600m long, capable of handling 3 complete 30 wagon trains at one time.

In addition, DP World is pushing ahead with plans for a new road-rail intermodal terminal in Aiud in Romania, which is expected to operational in the first half of 2023. The terminal will be linked by rail to Constanta establishing a new export route for the key Transylvania region in central-Romania, which has traditionally lacked robust infrastructure for exports.

PCFC is a Dubai Government organisation, which was officially established in 2001 and includes a number of entities and authorities working under its umbrella. These entities are Dubai Customs, Jafza, Dubai Ports Authority, Dubai Development Authority's Licensing Department, Dubai Maritime City Authority, The office of the shipping agent for wooden ships, in addition to the organisation’s investment and security arms. PCFC also focuses on the innovative use of technology to provide smart and distinguished services to its customers. It also works constantly on developing new mechanisms to comply with best practices, ensuring the happiness and loyalty of customers in line with government directives.

","pubDate":"Thu, 23 Jun 2022 13:43:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_a-dsc3389copy.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_a-dsc3389copy.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/a-dsc3389copy.jpg?10000"},{"title":"Challenger Management partners with DP World to finance trade in emerging markets","link":"https://www.dpworld.com/news/challenger-management-and-dpworld-to-finance-trade-in-emerging-markets/","guid":"https://www.dpworld.com/news/challenger-management-and-dpworld-to-finance-trade-in-emerging-markets/","caseid":"515335","description":"

CARGOES Finance By DP World is a fintech platform that brings together global importers, exporters and logistics companies in need of financing from around the world with financial institutions. CARGOES Finance also provides lenders with access to data on cargo movements, enabling them to lend with confidence.

With a focus on African and South American markets, Challenger offers funding access to customers in emerging markets, especially in exports.

","pubDate":"Wed, 22 Jun 2022 16:24:06 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP World expands digital focus with new India tech centres","link":"https://www.dpworld.com/news/dp-world-expands-digital-focus-with-new-india-tech-centres/","guid":"https://www.dpworld.com/news/dp-world-expands-digital-focus-with-new-india-tech-centres/","caseid":"515141","description":"

DP World has taken a new leap in its drive to open up new markets and offer innovative trade solutions with the opening of a technology centre in Bangalore, India.

The new Bangalore office is the second technology centre to be opened by DP World this year, following Hyderabad in May, while a third, at Gurugram, is set to open in the coming months.

Employees will take on a variety of roles – from developers, product and project management, quality assurance and automation, UX Design, system analysts and system design -- fulfilling DP World’s vision of building technologically advanced integrated services to help trade flow. Selected through a rigorous recruitment process, the staff represent some of the brightest minds among India’s technology talent pool. They now have the opportunity to work on cutting-edge applications of heavy automation, AI/ML and robotics – such as DP World’s unique proprietary Box Bay technology and Cargoes Finance.

DP World’s presence in the Indian technology market has grown rapidly to match its ambitions in the digital trade sphere. At the beginning of 2021, the company had just 50 employees in the country. This number has already grown to more than 450 with the opening of the first two offices. As this exponential growth continues, employee headcount is expected to reach as many as 800 by the middle of next year.

The office was inaugurated by Mike Bhaskaran, Group Chief Operating Officer of Digital Technology, and Pradeep Desai, DP World’s Chief Technology Officer. They were joined by former Indian cricket captain, Anil Kumble.

Mike Bhaskaran said: “The trade and logistics industry is ripe for high-scale automation. Our teams will be working towards making existing solutions more efficient and building new solutions – from conception to execution – helping deliver a seamless flow of trade from the ground up. We are creating prosperity by offering every business and every producer transparent, controllable access to global markets at the click of a button with our end-to-end digital eco-system.”

Pradeep Desai added: “What makes us different at DP World is that the ownership of the product is here with us. We are conceptualizing new products to offer our customers. This means our developers, managers and analysts are involved in co-creating solutions from the ground up and owning the software development process from the beginning to the end. Engineers will get to work on exciting technologies like Blockchain, IoT, AI and ML, all of which are heavily used in automating trade flows.”

Across the industries in which DP World operates, trade is moving from analogue to embrace new digital solutions. DP World is leading the acceleration of this trend, helping drive efficiency and transparency. Our global logistics solutions are opening up markets to traders, while financial solutions such as Cargoes Finance, enable small producers around the world to fund their trade ambitions.

","pubDate":"Tue, 21 Jun 2022 12:31:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dsc06095.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dsc06095.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dsc06095.jpg?10000","ppImageTitle":"DSC06095"},{"title":"DP World and the Saudi Ports Authority Announce Major New Partnership for Jeddah Logistics Park","link":"https://www.dpworld.com/news/dpworld-and-the-saudi-ports-authority-announce-jeddah-logistics-park/","guid":"https://www.dpworld.com/news/dpworld-and-the-saudi-ports-authority-announce-jeddah-logistics-park/","caseid":"514949","summary":"

New 415,000 square metre port-centric Logistics Park to be located alongside Jeddah Islamic Port.

New facility offers an in-land container depot with handling capacity of 250,000 TEU and warehouse space of 100,000 square metres.

Integrated with the recently awarded 30-year concession for the South Container Terminal, the state-of-the-art Logistics Park will bolster trade to enable Saudi Arabia’s strategy to become an economic powerhouse by 2030.

","description":"

DP World and the Saudi Ports Authority (Mawani) today announced the signing of a 30-year agreement with an investment value of more than SAR 500 million ($133.33 million) to build a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port.

The agreement aims to establish a logistics park which spans over 415,000 square metres, with an in-land container depot capacity of approximately 250,000 TEU and warehousing storage space of 100,000 square metres. Future expansions could increase the storage space to 200,000 square metres.

The agreement was signed under the Patronage of the Saudi Minister of Transport and Logistic Services and Chairman of the Board of Saudi Ports Authority, His Excellency Eng. Saleh bin Nasser Al-Jasser.

The signing ceremony was attended by His Excellency Omar Bin Talal Hariri, President of Mawani, His Excellency Sheikh Nahyan bin Saif Al Nahyan, UAE Ambassador to the Kingdom of Saudi Arabia, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, Mohammad Alshaikh, CEO DP World Saudi Arabia, and a delegation of senior Saudi government officials as well as representatives from DP World’s leadership team.

The 415,000 square metre purpose-built facility will bolster DP World’s footprint in the region and will bring pioneering multi-modal logistics solutions to the Kingdom of Saudi Arabia.

The port-centric Logistics Park will boost Jeddah Islamic Port’s re-export activities, reducing the time and cost of logistics for importers and exporters, alike. It will provide an integrated platform of services that link port-operations with last-mile activities, providing temperature-controlled storage for cargo, in addition to its processing, labelling, fulfilment, consolidation and de-consolidation.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, commented: “We are proud and honoured to contribute effectively towards the achievement of Vision 2030, which includes the development of a prosperous and sustainable maritime transportation ecosystem that supports the Kingdom’s socio-economic ambitions and consolidate its status as a global logistics hub. On this occasion, we reiterate our commitment to invest in the modernisation of this facility by providing highest standards of logistics services and technology-enabled trade solutions. We are confident that today’s milestone will contribute to increasing efficiency and productivity levels and creating new jobs.”

“We are committed to enhancing the role and the status of Jeddah’s Islamic port, which is strategically located on the Red Sea and has historically played a pivotal role in facilitating the movement of trade between the East and the West. A key part of our strategy as an end-to-end supply chain solutions provider, is to package logistical services for our customers and bridge any existing gaps in the market. Facilities like these will enable us to make deeper inroads into the Kingdom, by extending our collaboration with leading logistical service providers,” Bin Sulayem added.

Commenting on the announcement, His Excellency Omar Hariri, The President of The Saudi Ports Authority, said: “The park will provide advanced and eco-friendly e-services by integrating the operations of south container terminal with the new logistics park, in a move from the Authority to offer holistic logistics parks which will enhance the competitiveness of Jeddah Islamic Port. It will also contribute to raising the quantities of trans-shipped goods, in line with the national strategy for transport and logistics services.”

“This partnership will connect the port's operations to the new logistics park to offer end-to-end logistics services with high efficiency. It will also help us expand our joint collaboration further with major logistics service providers, enhance the re-export operations and cut costs of the logistics services in order to provide the best-in-class services to stakeholders and investors,” Hariri added.

DP World signed a new concession agreement with Mawani in April 2020 to continue operating and managing the South Container Terminal at the Jeddah Islamic Port for the next 30 years, committing to invest a total of more than SAR 3 billion ($800 million) to expand and modernise the terminal. The overhaul project, which will take place over four phases and is set to be completed by 2024, will see infrastructural upgrades, including the broadening of draft depth and quay, and the installation of advanced equipment and technologies, automation and digitalisation programmes, in addition to decarbonisation initiatives.

When complete, the handling capacity of the South Container Terminal in Jeddah Islamic Port will increase from 2.5 million TEUs to 5 million TEUs, which will contribute towards solidifying Jeddah Islamic Port standing as a major trade and logistics centre on the Red Sea coast.

","pubDate":"Sun, 19 Jun 2022 12:34:14 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_img-8137.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_img-8137.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/img-8137.jpg?10000","ppImageTitle":"IMG_8137"},{"title":"DP World Southampton is First Port in Britain to Replace Diesel with Vegetable Oil and Cuts Net Emissions by Over 80 Per cent","link":"https://www.dpworld.com/news/dp-world-southampton-is-first-port-in-britain-to-replace-diesel-with-vegetable-oil-and-cuts-net-emissions-by-over-80-per-cent/","guid":"https://www.dpworld.com/news/dp-world-southampton-is-first-port-in-britain-to-replace-diesel-with-vegetable-oil-and-cuts-net-emissions-by-over-80-per-cent/","caseid":"513177","description":"

DP World’s container terminal at Southampton has taken a major step forward in the journey to net zero by becoming the first port in Britain to eliminate fossil diesel from its operations entirely and transition to Hydrotreated Vegetable Oil (HVO).

Diesel previously accounted for 90 per cent of the terminal’s emissions but HVO – a renewable biodiesel derived from sustainable sources – eliminates more than 80 per cent of net carbon dioxide emissions as well as significantly reducing nitrogen oxide, particulate matter and carbon monoxide.

John Trenchard, UK Supply Chain Director at DP World, said: “I am delighted that we have successfully made the leap to fuelling all of our fleet and installations at Southampton with HVO. This innovation shows our determination to continue playing our part in helping the UK meet its target of delivering the Government’s Net Zero 2050 policy and improving local air quality.

“We estimate that using HVO will save around 14,000 tonnes of carbon dioxide on an annualised basis - the equivalent of taking over 8,000 family cars off UK roads each year. We have a clear responsibility to reduce the impact of our operations and offer customers solutions that support their own sustainability journeys, which is why we are working with our supply chain partners to accelerate the transition to green energy”.

“DP World Southampton moves more than one quarter of all containers by rail, and we are encouraging other customers to embrace this modal shift. Taken together with DP World London Gateway, we take 300,000 trucks off UK roads each year and every additional daily train we can fill saves up to 6,000 tonnes of carbon dioxide per year”, he added.

DP World first trialled HVO last year, using the fuel in its forklift trucks, reefer (refrigerated unit) generators and straddle carriers (pictured) which lift containers moved by the quay cranes and then service onward forms of transport via road and rail. Based on actual diesel usage calculations and replacing these with HVO technical data, a net carbon dioxide reduction of more than 80 per cent was calculated.

HVO is regarded as an interim solution. Electric and hydrogen power are examples of alternative energy sources that are being researched and trialled within DP World, the leading provider of smart logistics solutions which helps trade flow across the globe. Its new Berth 4 at London Gateway could be 100 per cent electric when it is completed in 2024.

- ENDS -

","pubDate":"Tue, 07 Jun 2022 10:43:39 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_aerialviewofsouthamptonport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_aerialviewofsouthamptonport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/aerialviewofsouthamptonport.jpg?10000","ppImageTitle":"Aerial view of Southampton port"},{"title":"DP World and CDPQ Announce US$5 billion Investment in Strategic Assets in the UAE","link":"https://www.dpworld.com/news/dp-world-and-cdpq/","guid":"https://www.dpworld.com/news/dp-world-and-cdpq/","caseid":"513090","description":"

Global investment group CDPQ will take an approximately 22% stake in Jebel Ali Port, Jebel Ali Free Zone and the National Industries Park
UAE assets valued at approximately US$23 billion[1]

DP World and CDPQ, a global investment group, announced today an investment of US$5 billion (CA$6.3 billion) in three of DP World’s flagship UAE assets.

CDPQ will invest US$2.5 billion in the Jebel Ali Port, the Jebel Ali Free Zone and the National Industries Park through a new joint venture in which it will hold a stake of approximately 22%[2], with the remainder of the transaction being financed by debt. Other long-term investors will have the opportunity to acquire an additional stake of up to US$3 billion. The transaction implies a total enterprise value of approximately US$23 billion for the three assets.

The Jebel Ali Port, Free Zone and National Industries Park together comprise a best-in-class group of infrastructure with a solid long-term track record of growth. Combined, they form a world-class integrated ecosystem for the supply and logistics chains of over 8,700 companies from around the world, serving more than 3.5 billion people globally. The three assets generated pro-forma 2021 revenue of US$1.9 billion.

· Jebel Ali Port (JAP) — A leading international gateway port and the second largest outside of Asia, ideally located to serve the East-West trade corridor through its connectivity to 150 cities globally via 180+ shipping lanes.

· Jebel Ali Free Zone (JAFZ) — The largest free zone in the Middle East and one of the largest in the world. It is home to companies from 140 countries, including approximately 150 Fortune 500 enterprises.

· National Industries Park (NIP) — A 21 sq. km area designated for manufacturing and processing companies.

The three assets will remain fully consolidated businesses within the DP World Group, and day-to-day operations, customers, service providers and employees will not be affected.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “We are delighted to announce the broadening of our partnership with CDPQ. The DP World and CDPQ co-investments have been very successful, thanks to our complementary expertise and long-term investment horizon. We believe this new partnership will enhance our assets and allow us to capture the significant growth potential of the wider region. The transaction[3] also achieves our objective of reducing DP World’s net leverage to below 4x Net Debt to EBITDA and this has been achieved despite the challenges of the pandemic and recent global economic conditions. The significant strengthening of our balance sheet, the continued resilience of our business, diversity in our portfolio and continued focus on supply chain solutions will support our target of achieving a strong investment-grade rating for the Group. Overall, we believe this transaction provides a strong platform for the UAE assets to meet their long-term growth objectives, while the stronger balance sheet supports the Group’s wider end-to-end supply chain solution strategy, which will drive sustainable value for all DP World stakeholders.”

Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at CDPQ, said: “This investment in Jebel Ali is another great illustration of the partnership between CDPQ and DP World, which now spans four continents and eighteen terminals. Today, we are pleased to deepen our long-standing relationship with a world-class logistics and supply chain operator by investing in this strategic trade infrastructure, one that will play a pivotal role in the evolution of the global economy. DP World is well positioned to provide innovative solutions to their customers worldwide, and we welcome this opportunity to invest in a best-in-class group of infrastructure that provides CDPQ with exposure to new fast-growing markets and trade routes in Africa and South Asia.”

Tranche 1 (US$5 billion) of the transaction is expected to close in the second or third quarter of 2022, and tranche 2 (up to US$3 billion) is expected to close during the fourth quarter of 2022.

[1] Enterprise Value

[2] Through a sub-concession of up to 35 years

[3] Pro-forma upon closing and Pre IFRS 16.

","pubDate":"Mon, 06 Jun 2022 10:07:52 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dji-0847-pano.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dji-0847-pano.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dji-0847-pano.jpg?10000","ppImageTitle":"DJI_0847-Pano"},{"title":"5 trends driving trade right now: Learnings from Davos","link":"https://www.dpworld.com/news/5-trends-driving-trade-right-now-learnings-from-davos/","guid":"https://www.dpworld.com/news/5-trends-driving-trade-right-now-learnings-from-davos/","caseid":"511339","description":"

Global trade and how it can spread prosperity and investment has been a key topic at this year’s Annual Meeting of the World Economic Forum in Davos. The event’s official theme was “History at a Turning Point: Government Policies and Business Strategies.” However, the discussions of the 2,500 leaders who came to Switzerland – for the forum's first in-person meeting since the start of the pandemic – again and again came back to the challenges faced by global trade and supply chains.

Here are our insights on the five big trends driving trade right now:

1. The post-pandemic recovery continues

Despite COVID, climate change and Russia’s war on Ukraine, overall globalisation and international trade are faring well, said Pamela Coke-Hamilton, the Executive Director at the International Trade Centre.

“Trade in intermediate goods, according to the WTO [World Trade Organization], has actually increased across all regions,” Coke-Hamilton said. The value of global trade climbed to a record high of $28.5 trillion in 2021, according to the UN Conference on Trade and Development, and the rate of increase was higher in the developing world than in developed countries.

“If globalisation is dying, I don't know what is causing that number,” said Coke-Hamilton.

“The digital economy was changing the role of physical goods,” she said, but while this had a transformative effect, it was not deglobalisation, but rather an economy that was “changing, adapting and evolving”.

At #wef22, Exec Director @CokeHamilton spoke on

1⃣the importance of globalization to close the digital canyon to achieve explosive growth in developing countries
2⃣the power of transitioning to the green economy
3⃣the need for systematic change in commodities trade pic.twitter.com/j13JgN5thQ
— International Trade Centre (ITC) (@ITCnews) May 25, 2022

2. Collaboration is key

International cooperation on trade is more important than ever. This put the spotlight on the role of bodies like the WTO, which deals with trade rules and helps exporters and importers.

While the WTO has to modernise to some extent, it also has a vital role to play in bolstering and facilitating collaboration, Ngozi Okonjo-Iweala, the organisation’s Director-General, told participants.

“Some problems we have now… cannot be solved by any one country alone,” Okonjo-Iweala said. “You can't solve the pandemic on your own. You can't solve climate change on your own. You can't even solve food on your own, because we have net food-importing countries who don't have the ability to grow their own food. So we are in need together. That's why we need to strengthen organisations like the WTO.”

At a #WEF panel on Financing Resilient Economies & Societies w/Roy Gori, @Manulife CEO &
Bob Sternfels, @McKinsey. Resilience, in these uncertain times, requires global solidarity because no one country can solve the problem of the global commons on its own! pic.twitter.com/NoGmeIpXUQ
— Ngozi Okonjo-Iweala (@NOIweala) May 24, 2022

3. Digital is the future

There’s a clear need to modernise infrastructure and embrace the transformation that digital technologies can bring.

“We need to build a digitally driven ecosystem that provides connectivity and transparency between government authorities, shipping agents, transport providers, importers, and exporters,” DP World Chairman and CEO Sultan Ahmed Bin Sulayem wrote in a post before the Forum’s Annual Meeting. As an example, he pointed to DP World working across Africa “with highly skilled local software developers to create solutions that solve uniquely African challenges.” This collaboration, he said, had delivered solutions like inter-bank operability programmes and truck booking platforms.

With digital technologies it will be possible to improve both efficiency and security, which would make the whole transport ecosystem better and improve the sustainability of logistics, he wrote.

Yesterday I met with President @PaulKagame, of Rwanda. We have already built Rwanda’s first inland dry port and logistics hub, but plan to expand further with rail links to boost African inland trade. https://t.co/IxcuPOC0Q0
— Sultan Ahmed Bin Sulayem (@ssulayem) May 25, 2022

4. Fixing supply chain disruptions

Supply chain disruptions will continue to play a role in shaping the global outlook, IMF Managing Director Kristalina Georgieva told delegates.

As the world had become more prone to shocks, more focus should be put on improving supply chain predictability and security of supplies, she said.

“We all have to think of the years to come. And whether this change in our concept of economic efficiency that includes supply security may be a more permanent factor pushing prices up,” Georgieva said. “And if it is, then we all have to think collectively whether we can afford the luxury of fragmenting our economies even further.”

Great to be back in Davos! Global policymakers face a stark choice: surrender to the forces of geoeconomic fragmentation that will make our world poorer and more dangerous. Or reshape how we cooperate.

Let’s start by addressing four urgent issues:https://t.co/NjupEEDCdU pic.twitter.com/jJSX5WhTqI
— Kristalina Georgieva (@KGeorgieva) May 22, 2022

“What is going on in this more shock-prone world should press us to seek ways in which we work more together,” she said. “If we fragment the world, we are all going to be poorer.”

5. How trade can rebuild the global economy

Many of the speakers touched on the central role that trade can play in bringing investment to places where it was vitally needed and spreading prosperity, boosting living standards and reducing inequality.

“Trade – like every other economic activity – must never be forced on local communities,” Sultan Ahmed Bin Sulayem said. “Businesses and governments must work with them to ensure that the economic benefits of trade also reach them, fairly and equitably.”

In Canada, for example, DP World works with indigenous groups to make sure that the economic benefits brought by the Prince Rupert Port also support the local community. This includes job creation, awarding construction contracts locally and sponsoring community activities.

Huge investment in the communities that depend on trade and collaboration between governments and industry is critical. As the @wef annual meeting begins, my latest blog explains how we can shape a trading landscape that’s fit for the future for everyone. https://t.co/JKhtLMQsIb
— Sultan Ahmed Bin Sulayem (@ssulayem) May 22, 2022

“Improving the global trading system will be a catalyst to transform economies, unlock the potential of communities in emerging markets, reduce poverty and improve living standards overall,” Sultan Ahmed Bin Sulayem said. “The logistics industry must commit to doing our part to build a smarter, fairer and more sustainable trading future.”

","pubDate":"Wed, 01 Jun 2022 12:19:47 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_wef.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_wef.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/wef.jpg?10000","ppImageTitle":"WEF"},{"title":"Diving for 3,500 golf balls at the Soudal Open","link":"https://www.dpworld.com/news/diving-for-3500-golf-balls-at-the-soudal-open/","guid":"https://www.dpworld.com/news/diving-for-3500-golf-balls-at-the-soudal-open/","caseid":"508533","description":"

Local golf ball diver, Nicky Dörfel, has lent his unique talents to aid the DP World Golf Ball Container initiative, which is collecting used golf balls at events across the 2022 DP World Tour season and giving them a second life.

Diving the lakes at Rinkven International Golf Club ahead of the Soudal Open on the DP World Tour, Nicky and his colleague Martijn Doorn collected 3,500 balls diving in the water hazards on the course.

The balls are being donated to DP World’s Golf Ball Container, a repurposed 20-foot shipping container, which can house as many as 200,000 golf balls and will weigh approximately 12 tonnes when full.

DP World launched the container in Dubai earlier this year with a plan to support organisations that are championing golf from grassroots up, to help grow the game globally.

$\"Diver$ Dörfel dives the lakes at over 170 golf courses across Belgium, the Netherlands Germany and France. He collects around a million golf balls per year, restoring them and selling through his online business that he started over twelve years ago.

Speaking about the Golf Ball Container, Dörfel said: “Today has been great, when DP World called me and talked me through their Golf Ball Container, I wanted to help. It’s an amazing initiative, helping to give golf balls a second life and I’m glad that I’ve been able to play my part. We had a great day out on the course and we’re happy with the number of balls we found in the lakes. I’ll be keeping a close eye on the Containers movements during the rest of the DP World Tour season.”

The DP World Golf Ball Container will be featuring at a number of tournaments throughout the remainder of the season, fans, players, and course members are all being encouraged to contribute to the collection for a chance to win some great prizes and give back to grassroots golf. Its next appearance on the DP World Tour will be at the Dutch Open, taking place at Bernardus Golf in Cromvoirt, Netherlands from 26-29 May.

","pubDate":"Mon, 30 May 2022 12:11:54 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_divingforgolfballs.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_divingforgolfballs.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/divingforgolfballs.jpg?10000","ppImageTitle":"Diving for golf balls"},{"title":"The World Customs Organisation (WCO) and World Logistics Passport (WLP) agree to continue collaborating towards the acceleration of AEO - Authorized Economic Operator Adoption","link":"https://www.dpworld.com/news/wco-and-wlp-accelerate-aeo-authorised-economic-operator-adoption/","guid":"https://www.dpworld.com/news/wco-and-wlp-accelerate-aeo-authorised-economic-operator-adoption/","caseid":"509312","description":"

The World Customs Organisation (WCO) and World Logistics Passport (WLP) have agreed to continue their cooperation to accelerate the adoption of AEO - Authorised Economic Operator, a voluntary Compliance and Security programme based on World Customs Organisation (WCO) SAFE framework. This was announced in Davos following a meeting between WCO and WLP on the sidelines of the Annual Summit of the World Economic Forum (WEF).

The last few years have been a tumultuous time for global trade, said a WLP spokesman. “The Covid-19 pandemic tested the capabilities of existing trade infrastructure as the world grappled with an unprecedented health and economic crisis. As most of the world recovers from the initial shock, global trade difficulties persist, with severe supply chain issues creating a myriad of problems. Global supply chain disruptions are slowing down economic output in key important-dependent industrial sectors of the economy, negatively affecting the post-pandemic economic recovery”, added the spokesman.

The World Logistics Passport (WLP) is a global, private sector-led, initiative designed to facilitate global trade. Faced with severely disrupted international trade, the WLP helps its members maintain resilient trade flows and nurtures new global trade relations.

During the meeting in Davos, where the WLP was officially launched by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, Chairman and CEO of the Emirates Group and Chair of the World Logistics Passport Global Steering Group, the two parties have agreed to continue their cooperation to work towards the acceleration of AEO adoption. The WCO has expressed its support of initiatives like this, that aim to secure and facilitate global supply chains, and it appreciates the efforts of the WLP.

The WCO will be hosted by WLP at the upcoming 2022 WLP Global Summit, which will convene global leaders from business, government, and international organisations to share perspectives on the key trends shaping the freight and logistics industry, as well as take stock of the WLP's achievements to date.

","pubDate":"Thu, 26 May 2022 12:23:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_mousigning-worldcustomsorganisationsecretarygeneral-002.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_mousigning-worldcustomsorganisationsecretarygeneral-002.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/mousigning-worldcustomsorganisationsecretarygeneral-002.jpg?10000","ppImageTitle":"MOU signing- World Customs Organisation, Secretary General - 002"},{"title":"Drydocks World signs contract with Yinson Production to upgrade Atlanta Floating Production storage and offloading vessel","link":"https://www.dpworld.com/news/drydocks-world-signs-contract-with-yinson-production/","guid":"https://www.dpworld.com/news/drydocks-world-signs-contract-with-yinson-production/","caseid":"507510","subtitle":"18-month project will see Drydocks World and Yinson Production deliver upgraded FPSO vessel to oil and gas company Enauta in Brazil to provide stable and affordable energy across the world","description":"

Drydocks World has signed a contract with Malaysia-based Yinson Production to upgrade, refurbish, and convert a floating production storage and offloading (FPSO) vessel.

The contract with Yinson Production, which designs, constructs, and operates industry-leading production assets for the offshore oil and gas industry – covers conversion and life extension services, as well as refurbishment for the FPSO Atlanta at Drydocks World-Dubai.

The upgraded FPSO will be delivered in the third quarter of 2023 to Brazilian independent oil and gas company Enauta at the offshore Atlanta Field in the Santos Basin.

FPSO vessels are vital to offshore oil operations, receiving crude oil and other liquids from subsea reservoirs and separating it into natural gas and oil with processing facilities onboard. The FPSO project with Drydocks World will be fully operational by 2024 and support Yinson Production’s goal of producing up to 50,000 barrels of oil per day from the field.

It also reinforces the long-term viability of the of ‘Made in the UAE’ solutions.

Capt. Rado Antolovic PhD, CEO of Drydocks World said: “Signing a contract for this prestigious project reflects our proven technical capabilities and track record. Our expertise in refurbishment, conversion and upgrading FPSO vessels allows us to support Yinson Production in its commitment to improving global access to stable energy sources. We are pleased to enter a new partnership with Yinson and pave the way for a long-term business relationship.”

David Hamilton, Project Manager, Yinson Production said: “The competitive bidding process for this project was rigorous. Selecting Drydocks World outlines the importance of finding a partner with capabilities in upgrading and enhancing FPSO vessels. We look forward to delivering the Atlanta FPSO to Enauta in 2023 and reaffirming our commitment to making energy stable and affordable across the world.”

About the project:
The technical scope of work for the 18-month project at the Drydocks World-Dubai shipyard includes production engineering, procurement of bulk material, construction as well as support for onshore commissioning. Additionally, the redeployment scope of the project includes steel renewal, piping refurbishment, tank coating, refurbishment of equipment, and the upgrade of an FPSO for operation at the Atlanta field in the Santos basin, Brazil. This includes life extension and installation of new equipment in order to utilize 100% of produced gas and minimizing greenhouse gas emissions.

","pubDate":"Tue, 24 May 2022 12:16:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_atlantacontractsigning2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_atlantacontractsigning2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/atlantacontractsigning2.jpg?10000","ppImageTitle":"Atlanta Contract Signing 2"},{"title":"DP World graduates first batch of female solar engineers from rural Senegal","link":"https://www.dpworld.com/news/dpworld-graduates-female-solar-engineers-rural-senegal/","guid":"https://www.dpworld.com/news/dpworld-graduates-female-solar-engineers-rural-senegal/","caseid":"507358","description":"

The first batch of women from rural areas of northern Senegal have qualified as solar energy and maintenance technicians after an intensive six-month training course run by DP World and Barefoot College International (BCI).

Now fully qualified as solar energy and maintenance technicians, the ten participating women, known as the ‘Solar Mamas’, can positively impact their local communities.

Their training was made possible through a partnership between DP World and BCI, a non-governmental organisation, which hosted the course at their regional centre in Toubab Dialao, a village around 60 km from the capital, Dakar.

The Solar Mamas were all selected from non-electrified, rural areas of the Ranerou region in northern Senegal, around 415km from Toubab Dialao. For many of the women it was the first time they had left their region. They can now return equipped with the knowledge, skills and tools to make a positive difference in their own lives, and that of their communities.

DP World Dakar has the concession to manage, develop and operate the container terminal at the Port of Dakar, and is also developing the Port of Ndayane around 60km to the south. Last October, the company donated nearly $400,000 to BCI to equip a training centre in Toubab Dialao.

The donation also covered the cost of training the women to become solar technicians, educators and entrepreneurs. The Solar Mamas, who had little or no previous traditional education, can now install, maintain and repair solar-powered infrastructure in their local communities. Each new trainee also received the tools and resources needed to become business owners in the solar energy sector. This will have a double impact -- sustainably powering the development of local economies while encouraging other women to join the sector.

In January, the women were surprised to receive a visit from Macky Sall, Senegal’s President, along with Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, who encouraged and congratulated them on their efforts.

One of the graduates, 59-year-old Mairame Ba, said: “I loved these six months spent in Toubab Dialao, where I learnt a lot. I never imagined that I could become a professional in solar energy at my age and without ever having been to school. I can't wait to return to my village to bring electricity to my community. Having solar energy in our community will change our lives”.

Suhail Albanna, CEO & Managing Director of DP World Middle East & Africa, said: “We are working to ensure that our sustainable development actions have a real impact on people's daily lives. This is why at DP World, two of our three priorities in our sustainability strategy, ‘Our World, Our Future’, focus on women and education. We are happy to have contributed to this beautiful project which will have a definite and long-lasting impact on the women’s communities”.

Clarence Rodrigues, CEO of DP World in Dakar, said: “With Barefoot College International, we have found a trusted and experienced partner who has convinced us of their approach, which allows women to benefit from technical training that transforms them into entrepreneurs and who can change the lives of their community from the inside. We hope to continue this partnership and enable more and more women to be trained”.

Rodrigo Paris, CEO of Barefoot College International, said: “Today, ten fantastic women from rural Senegal graduate as Solar Mamas. They are the best example of integrity, courage and determination to bring light to their communities and hope for their families. We are delighted with the progress of our work in Senegal and the support that DP World Dakar is giving to create a meaningful impact for rural women in West Africa. Together we are generating comprehensive solutions to improve women’s lives, to tackle poverty and to promote sustainable communities”.

","pubDate":"Mon, 23 May 2022 09:41:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image1-4.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image1-4.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image1-4.jpg?10000","ppImageTitle":"Image 1"},{"title":"DP World wins global award for Ecuador mangroves project","link":"https://www.dpworld.com/news/dpworld-wins-award-for-ecuador-mangroves-project/","guid":"https://www.dpworld.com/news/dpworld-wins-award-for-ecuador-mangroves-project/","caseid":"507196","description":"

DP World has won an important award from the International Association of Ports and Harbors (IAPH), recognising its work to plant new mangrove forests around the Guayaquil port in Ecuador.

DP World Posorja, which operates the port, earned first place in the Climate and Energy category for its ‘Sembrando Vida’ mangrove project, competing alongside 237 schemes across 26 countries.

The project, which means Sowing Life in Spanish, involved planting 65 hectares of mangrove forests around Puna Island as part of a long-term plan to capture and store carbon. It will also create new ecosystems and protect existing habitats, which are vital for fishing and crabbing.

Starting in late-2020, more than 150,000 red mangrove seedlings were planted in Puna Island by DP World staff and volunteers from the local communities around the port. The project is being extended and aims to reach 100 hectares of forest by 2024.

Carlos Merino, CEO of DP World in Ecuador, said: “We are proud of this important recognition for Ecuador, which strengthens our commitment to working sustainably with the community and environment. This award is dedicated to the habitants of Posorja, El Morro, Puna Island, and others around Guayaquil, where DP World operates, and to those who volunteered with us, sowing life in these new mangrove ecosystems”.

DP World Posorja has a 50-year concession in Ecuador and has invested $1.2 billion, one of the most significant private sector investments in the country’s history.

Guayaquil is the first world-class, sustainable port in Ecuador and one of the most productive in the Latin American region. The port is strategically located on South Pacific, with a deep maritime access channel of 21 nautical miles. Combined with world-class infrastructure, this has allowed the entry of Neo-Panamax vessels into Ecuador for the first time. With these ships capable of carrying up to 14,000 twenty-foot equivalent container units (TEU), DP World Posorja has turned Guayaquil and Ecuador into a regional trade hub.

The IAPH was founded in 1955 and headquartered in Tokyo and has grown into a global alliance representing some 160 ports and 120 port-related businesses in 87 countries. The annual IAPH Sustainability Awards aim to promote the contribution of the port industry to the UN's Sustainable Development Goals.

","pubDate":"Fri, 20 May 2022 09:59:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image2-3.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image2-3.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image2-3.jpg?10000","ppImageTitle":"Image 2"},{"title":"DP World expands ambitious sustainability strategy","link":"https://www.dpworld.com/news/dp-world-expands-ambitious-sustainability-strategy/","guid":"https://www.dpworld.com/news/dp-world-expands-ambitious-sustainability-strategy/","caseid":"507073","description":"

DP World, a leading global end-to-end logistics provider, today made a new commitment to safeguard ocean health, with the additional duty to increase access to clean water, sanitation provisions, and protect aquatic biodiversity. This new commitment will be one of DP World’s three legacy focus areas under its ‘Our World, Our Future’ sustainability strategy.

The strategy has guided all DP World’s global business operations since its launch in 2015. Its three legacy focus areas -Women, Education and now Water - help DP World work responsibly, prioritising sustainable and inclusive economic growth to create a positive impact for the communities and environments in which it operates. DP World invested $13.2 million in community projects in 2021 alone.

DP World’s new Water focus area combines all its existing ocean sustainability efforts with a commitment to support equitable access to water and sanitation. It also ensures all the aquatic environments where the company operates are sustainable, resilient and free from pollution. Activities within Water include employee coastal clean-ups, delivering educational training to schoolchildren, delivering critical sanitation supplies to COVID-stressed regions and planting mangrove forests to restore biodiversity.

Maha AlQattan, DP World Group Chief People & Sustainability Officer, said: “DP World increasingly operates in regions where polluted oceans, water security and sanitation hinder sustainable development. Our teams around the world are already taking steps to overcome this challenge in partnership with the communities they serve. That’s why we are extending our Oceans legacy focus area to become Water under the ‘Our World, Our Future’ strategy.

“Working with partners including UNICEF, The Earthshot Prize and UN Global Compact’s Ocean Stewardship Coalition, we’ll focus on conserving oceans, ecosystem restoration, coastal clean-ups, drinking water access, promoting hygiene and educational programmes, among other activities. If we can improve ocean health, provide more equitable water access and connect more families to reliable sanitation, we can provide a critical foundation for improved economic growth, human rights and resilience to the effects of climate change.”

The ‘Our World, Our Future’ sustainability strategy is aligned with the UN Sustainable Development Goals (SDGs) so that DP World’s actions can contribute to a greater collective impact. The new Water focus aligns with SDG-6: Clean Water and Sanitation and SDG-14: Life Below Water.

Some 771 million people around the world today lack access to safe water[1]. The result is an estimated 1 million people die each year from water, sanitation and hygiene-related diseases[2], including 1,000 children each day[3]. At the same time, over 2 million different species[4] rely on aquatic ecosystems, including oceans, lakes, rivers and wetlands.

With a major coastal and waterside presence through DP World’s ports, terminals and other assets, ocean health and clean water access is at the forefront of the company’s Environmental, Social and Governance goals.

[1] World Health Organization & UNICEF Joint Monitoring Programme for Water, Sanitation and Hygiene 2021

[2] Water Aid: https://water.org/

[3] United Nations: https://www.un.org/

[4] ZSL: https://www.zsl.org/

","pubDate":"Thu, 19 May 2022 12:17:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_image3-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_image3-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/image3-2.jpg?10000","ppImageTitle":"Image 3","ppImageDescription":{}},{"title":"MODIFI launches partnership with DP World to enable digitisation of trade","link":"https://www.dpworld.com/news/modifi-launches-partnership-with-dp-world/","guid":"https://www.dpworld.com/news/modifi-launches-partnership-with-dp-world/","caseid":"506700","description":"

DP World, the leading global logistics company and provider of smart supply chain solutions, today announced a partnership between CARGOES Finance By DP World and MODIFI, the global trade financing platform for SMEs, to facilitate rapid and seamless access to working capital for emerging-market small and medium-sized enterprises.

CARGOES Finance By DP World is a fintech platform that brings together global importers, exporters and logistics companies in need of financing from around the world with financial institutions. CARGOES Finance provide lenders with access to data on cargo movements, enabling them to lend with confidence.

DP World customers with cargo and shipping requests will now be able to take advantage of MODIFI’s products for both importers and exporters via its unified digital cockpit – to help manage their cash flow and invest in business growth. MODIFI is the only digital trade finance platform for SMEs that spans across the three major trading regions of Europe, Asia and North America, providing SMEs with simple digital solutions to finance and manage their trades, protect them from counterparty risk, and easily track their shipments.

Sinan Ozcan, Senior Executive Officer, DP World Financial Services Limited said: “This partnership with MODIFI marks another step in our mission to help bridge the ongoing global trade finance gap. The CARGOES Finance platform now expands to all major trading regions, enabling us to help more SMEs and provide further access to working capital solutions”.

Mike Bhaskaran, COO for Logistics & Technology, DP World said: “We strive to provide new solutions for our customers that not only add value to the service we provide, but also help to digitise the trade ecosystem and enable smarter trade across all markets. Our partnership with MODIFI will see us make progress on this mission, and further develop the offering of the CARGOES Finance platform for our SME customers.”

Nelson Holzner, CEO of MODIFI, said: “We’re delighted to announce this strategic partnership with CARGOES Finance By DP World. With global trade witnessing significant disruption during the COVID-19 pandemic, finance and payments are playing a vital role in reducing the impact of disruption on SMEs. Our partnership with DP World will deliver huge value across the supply chain by unifying our fintech platforms and allowing us to leverage each other’s expertise. This collaboration will ultimately ensure SMEs are able to access the finance, the data, and the tools they need in order to meet their customers’ needs worldwide.”

For more information on CARGOES Finance By DP World, or to request a demonstration, please visit: https://cargoes.com/finance

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About Dubai Trade

Dubai Trade is Dubai’s premier trade facilitation entity that strives to make trade easier, faster and to create value for all stakeholders by offering integrated electronic services from various trade and logistics service providers in Dubai under a single window www.dubaitrade.ae. It underlines Dubai’s position as the ideal base for trading across borders with its unique geographical location, excellent infrastructure and seamless processes across the private sector and government agencies. Dubai Trade integrates the major stakeholders in the trade and logistics operations including DP World, the global trade enabler which manages a portfolio of 78 operating marine and inland terminals across six continents, Dubai Customs, the region’s leading Customs administration and Economic Zones World, the global operator of economic zones and activity-specific business and industrial zones including Jebel Ali Free Zone, one of the major contributors to the overall growth of Dubai.

The Dubai Trade portal offers a single window to the online services of its stakeholders and provides a streamlined flow of services designed around customer needs and targeted at customer satisfaction. The portal services are on a continuing growth curve and currently include services for Traders, Shipping Lines and Agents, Clearing and Forwarding Agents, Hauliers, and Free Zone Licensees, that include Marine services, Manifest and Cargo handling services, Cargo Clearance and Haulage services, Invoicing and Payment services and Free Zone services. Dubai Trade offers service and business excellence with its customer centric strategy at the core of its operations, a value that you will feel in each and every service you access in the portal. With the growth pace of Dubai as a driver, Dubai Trade will always be on a fast-moving path towards achieving its stated vision.

","description":"

Dubai Trade, a DP World company, and the Dubai Chamber of Commerce have signed an agreement to allow the local business community easier access to the Chamber’s trade services. This includes certificates of origin, attestation, and other membership services, which will be accessible on the Dubai Trade Portal, a single window platform for international trade.

The agreement was signed by H.E. Hamad Buamim, President & CEO of Dubai Chambers and Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza.

H.E. Hamad Buamim, President & CEO of Dubai Chambers said: “Our aim has always been to cement Dubai’s position as a leading global business hub and facilitate Dubai’s trade and investment flows with other markets around the world. Through our collaboration with Dubai Trade, we believe that our aim of enhancing the Emirate’s competitiveness in key sectors such as trade and logistics will be much more achievable, as we will be able to integrate various services on a common platform and ensure faster and easier business operations. Moreover, this strategic partnership with Dubai Trade falls in line with our digital transformation efforts and Dubai’s Paperless Strategy, as the platform will further encourage us to adopt a paperless approach to trading operations and payments”.

Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza said: “As a leading trade enabler, we believe in providing integrated trade solutions that enable our customers to look beyond the horizon. Through our partnership with the Dubai Chamber of Commerce, we aim to further enhance our customers’ experience, helping them leverage through key services and providing a wider range of solutions. In addition to that, we are confident that our collaboration with Dubai Chamber of Commerce will open doors for our users to deal with global corporations and investors, uplifting their businesses to greater standards by capitalising on international trading opportunities”.

Hussain Al Blooshi, COO, Dubai Trade said: “Dubai Trade has played a pivotal role in increasing the competency of the industry by leveraging the robust trade and logistics capabilities through its Single Window. We work closely with our clients to develop a thorough understanding of their requirements and collaborate with key players in the trade sector, which has established us as a single window for cross border trading in Dubai. Dubai Chamber of Commerce services are a significant addition to our customers to facilitate trade and further enhance ease of doing business, and we believe that this partnership will surely add value to our platform’s users, enabling seamless access to international markets”.

The latest collaboration between Dubai Chamber of Commerce and Dubai Trade aims to boost Dubai’s position as a leading global trade hub by streamlining the trade process and offering faster operations for more than 180,000 customers.

Dubai Trade offers 24/7 access to over 700 digital trade and logistics e-services, allowing its customers a seamless trading experience. These include Customs eClearance, ePermits, Port eClearance, ePayments, company licensing and Free Zone administrative services.

","pubDate":"Wed, 11 May 2022 09:42:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_picture4.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_picture4.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/picture4.jpg?10000","ppImageTitle":"Picture 4"},{"title":"JAFZA breaks ground at new Logistics Park","link":"https://www.dpworld.com/news/jafza-breaks-ground-at-new-logistics-park/","guid":"https://www.dpworld.com/news/jafza-breaks-ground-at-new-logistics-park/","caseid":"503781","boilerplate":"

About DP World

We deliver these services through an interconnected global network of 190 business units in 69 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse and professional team of more than 71,255 employees from 150 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

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Jebel Ali Free Zone (Jafza), DP World’s leading trade and logistics hub, held a ground-breaking ceremony for the first phase of its new “Jafza Logistics Park”, which is scheduled for completion in 2023.

The purpose-built trading and logistics development will accommodate the growing number of warehousing, processing and logistics activities carried out in Dubai.

The ground-breaking was attended by Abdulla Bin Damithan, CEO & Managing Director, DP World UAE & Jafza, as well as the company’s leadership team.

Jafza Logistics Park will reinforce the success of the logistics cluster in Jafza, which has already grown by 14% since 2016. The project covers a total leasable area of over 46,000 square meters, of which 87% will be allocated to warehousing. The remaining space is dedicated to office facilities.

Abdulla Bin Damithan, CEO and Managing Director, DP World UAE & Jafza said: “We recognise the critical role the logistics sector plays in enabling the growth of various industries around the globe. Jafza is aligned with key government initiatives, such as the Dubai Silk Road strategy, to boost economic growth. As the UAE continues to grow into a global processing and re-distribution gateway, we have experienced a significant spike in demand for the logistics and warehousing space. We are building the Jafza Logistics Park in response to this increase in demand and to further boost the development of the UAE’s logistics sector”.

Bin Damithan added: “Logistics companies in e-commerce and similar growing segments can benefit from the Park’s modern offerings, including digital trade enablement, competitive costs, and customisable units. We are in discussions with a number of large customers that need 60 to 80% of the space and may need to commission phase two ahead of schedule”.

Flexible logistics offerings

Currently, Jafza’s logistics cluster is home to over 460 companies from 30 countries, almost all international logistics providers which already operate from the free zone. Jafza Logistics Park will support their growth aspirations and attract new players seeking to establish themselves in the market. The smallest unit will be just under 2,900 square meters, including 360 square meters of mezzanine office space. Customers will also be allowed to consolidate multiple units to meet their space requirements.

Jafza Logistics Park businesses will also leverage DP World’s integrated end-to-end logistics solutions and expertise as a data-driven supply chain logistics provider. The Park’s ideal location between Jebel Ali Port, the region’s largest deep-sea port, Al Maktoum International Airport, Dubai’s airport of the future, and Etihad Rail’s Jebel Ali station will facilitate efficient and seamless flow of goods within the region and across the world.

","pubDate":"Thu, 28 Apr 2022 08:18:24 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_picture2-3.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_picture2-3.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/picture2-3.jpg?10000","ppImageTitle":"Picture (2)"},{"title":"ATI Batangas Container Terminal completes back-end go-live with DP World CARGOES TOS+","link":"https://www.dpworld.com/news/ati-batangas-container-dp-world-cargoes-tos/","guid":"https://www.dpworld.com/news/ati-batangas-container-dp-world-cargoes-tos/","caseid":"503780","boilerplate":"

We are the leading provider of smart logistics solutions, enabling the flow of trade across the globe. Our comprehensive range of products and services touches every aspect of life.

We're a global network of; 190 business units in 69 countries across six continents. From marine services and inland terminals to industrial parks as well as technology driven customer solutions.

Wherever we operate, we integrate sustainability and responsible corporate citizenship, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse and professional team of more than 97,211 employees from 69 countries are committed to bringing every customer and partner unrivaled value.

We do this by building and growing long lasting relationships – with governments, shippers, traders, and other stakeholders along the global supply chain.

We think ahead, anticipate change and deploy industry-leading technology to create the smartest, most efficient and innovative trade solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

About CARGOES By DP World

\"A suite of enterprise services and products for the world of logistics & trade\"

","description":"

DP World, the leading global logistics company and provider of smart supply chain solutions, has completed the implementation of CARGOES TOS+ Terminal Operating System at the ATI Batangas Container Terminal in the Philippines.

The ATI Batangas Container Terminal is a key port in the Philippines, with capacity for over 450,000 TEU annually, carrying containerised, mixed, breakbulk, roll-on/roll-off, and passenger cargoes. The CARGOES TOS+ system, designed to help optimise and improve operational performance, is integrated with the ATI Batangas WebTrack community portal and its billing system, allowing ATI employees to manage digital transactions from vendors more efficiently. DP World will continue to work with the ATI Batangas Container Terminal team to deliver Internet of Things integration to the TOS+ system, as well as provide in-depth training for system users over the coming months.

Mike Bhaskaran, Group Chief Operating Officer of Digital Technology at DP World, said: “We are proud to continue our long-standing partnership with ATI Batangas Container Terminal as it moves to a more efficient terminal operating system. The deployment of DP World’s CARGOES TOS+ system will support ATI employees and scale with the growing requirements of ATI’s global operations.”

Rodrigo Sanchez, Vice President – Operations at ATI Inc Philippines, said: “The successful deployment of CARGOES TOS+ continues the great work our team has undertaken modernising the Batangas Container Terminal over the last several years. Moving to CARGOES TOS+ will allow us to take advantage of the full CARGOES by DP World offering and continue providing value to our customers from around the world.”

In addition to CARGOES TOS+, the CARGOES AVA+ Automated Gate System will also see integration at the ATI Batangas Container Terminal in May. This addition will see ATI Batangas using the full suite of CARGOES Ports & Terminals solutions, including CARGOES TOS+ for containers, CARGOES GC+ for general cargoes, CARGOES IoT+ for their IoT platform, and CARGOES AVA+ Automated Gate System for their gate solution.

","pubDate":"Thu, 28 Apr 2022 07:55:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/clients/150_2451.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/clients/150_2451.png?10000","ppImageOriginal":"https://content.presspage.com/clients/150_2451.png?10000","ppImageTitle":"logo"},{"title":"DP World and Emergent Cold Latin America kick off construction of temperature-controlled warehouse in Dominican Republic","link":"https://www.dpworld.com/news/dpworld-and-emergent-cold-latam-construct-warehouse-in-dominican-republic/","guid":"https://www.dpworld.com/news/dpworld-and-emergent-cold-latam-construct-warehouse-in-dominican-republic/","caseid":"503684","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

DP World and Emergent Cold Latin America began the construction of a modern refrigerated warehouse in the Dominican Republic with a groundbreaking ceremony held today.

The warehouse is being built within the DP World Economic Zone on the Punta Caucedo peninsula to provide clients of both companies with cold chain solutions that will be integrated into their respective supply chains.

The warehouse in the Dominican Republic will be the first in a series in Latin America following a collaboration agreement signed by DP World and Emergent Cold Latin America earlier this year. The agreement covers the development of warehouses for controlled temperature logistics services within the DP World Economic Zones in the region, including DP World Posorja in Ecuador and DP World Callao in Peru.

The groundbreaking, which marked the formal start of construction, took place in the presence of the President of the Dominican Republic, His Excellency Luis Abinader, Sultan Ahmed Bin Sulayem, chairman and CEO of DP World, Neal Rider, CEO of Emergent Cold Latin America, and the CEO of DP World’s operations in the Dominican Republic, Morten Johansen.

The ceremony was also attended by Víctor Ito Bisonó, Minister of Industry and Commerce, and Eduardo Sanz Lovatón, Director of the General Customs Directorate.

During his speech, Sultan Ahmed bin Sulayem said the alliance with Emergent Cold Latin America and the construction of a modern refrigerated warehouse fit perfectly with DP World´s vision, not just for the Dominican Republic but also for the wider region.

DP World plans to develop 3 million square metres of land for free zones to promote the Dominican Republic as an attractive destination for the region’s manufacturing and logistics companies.

“DP World in the Dominican Republic is a world-class logistics provider. After expanding our main berth two years ago, we have achieved unprecedented results, creating greater opportunities for the country to generate new trade agreements, increase conductivity, and be more competitive. On this occasion, we have formed a partnership with Emergent Cold Latin America to raise the standards of refrigerated supply chains in the Dominican marketplace”, said Bin Sulayem.

“Our goal is to further strengthen the country’s capacity -- with a port, logistics centre and manufacturing, integrated in a single place -- attracting foreign investment and generating thousands of jobs, which will encourage the Dominican economy while raising the quality of life of its people”, Bin Sulayem added.

“This alliance with DP World is an important step to constructing the highest quality cold storage network in Latin America. DP World is a fundamental player in the region, and we share their commitment to growth in the global foods market. We are keen to start work with DP World to provide more integral solutions for our clients”, said Rider.

About the refrigerated warehouse

This state-of-the-art installation will provide precise temperature control and effective management of the cold chain, ensuring the integrity of each product stored. With greater visibility of inventory and much more efficient operations, when complete, it will be the most advanced logistics system in the Latin American region.

The warehouse will have 6,500 square meters with controlled temperature, and 8,000 positions for multi-temperature pallets (frozen, refrigerated, and room temperature). It will also have an area of 22 metres with 13 dock doors which will facilitate processes related to inspections, preparation of products, and efficient movement of merchandise, as well as an ammonium refrigeration system, LED lighting, use of solar energy, and mobile shelving.

The installation will have the Excellence in Design for Greater Efficiencies (EDGE) certification, confirming that the building complies with environmental and sustainability protection, responding to the promise of both organizations to sustainability.

","pubDate":"Wed, 27 Apr 2022 11:03:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-09-30at6.26.11pm.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-09-30at6.26.11pm.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-09-30at6.26.11pm.png?10000","ppImageTitle":"Screenshot 2021-09-30 at 6.26.11 PM"},{"title":"DP World announces the completion of the First Industrial Building at SC Gateway Logistics Park","link":"https://www.dpworld.com/news/dpworld-completes-industrial-building-at-sc-gateway-logisticspark/","guid":"https://www.dpworld.com/news/dpworld-completes-industrial-building-at-sc-gateway-logisticspark/","caseid":"503519","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

DP World, a global logistics company and one of the world’s largest marine terminal operators, announced the inaugural industrial building located in the 1300+ acre development in Orangeburg County, South Carolina. The building marks a milestone with the continued partnership with Orangeburg County and State of South Carolina for the continued economic development of the planned 6+ million square feet industrial park.

The South Carolina Gateway Logistics Park is centrally located at the intersection of Highway 301 & Interstate 95 between Charleston and Columbia. The logistics park offers users a strategic, inland and rail-served platform with close port proximity for industrial development. Opportunities for build-to-suit ranging in size from 50,000 sf to 1+ million sf, the park provides flexible solutions for both large and mid-size users.

DP World has been working closely with Orangeburg County throughout the course of the project to ensure the logistics park meets the needs of the end users, is fully integrated and benefits the surrounding communities. In particular, the property will be placed in a multi-county industrial park shared by Orangeburg and Dorchester Counties, providing the opportunity for enhanced tax credits for tenants locating in the park. DPW anticipates this process to be completed in the coming weeks.

At the South Carolina Gateway Logistics Park today, Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “It is with great pride that we open the Gateway Logistics Park for business today and celebrate a long-term investment that is estimated to bring more than $500 million into the economy. The collaboration with Orangeburg County and the State of South Carolina has been a model of the kind of economic development that public and private partnerships can create when the greater good is at the center. This expansive site is full of potential economic opportunity for South Carolina including two-thousand jobs and local tax revenues upward of $10 million”.

Chairman Sulayem was joined in Orangeburg by DP World’s Americas CEO Matt Leech who added, “DP World is using its expertise in smart logistics solutions to enable the flow of trade across the globe. Combined with our 2021 acquisition of Syncreon, the South Carolina Gateway Logistics Park, is part of DP World’s broader vision to become a driving force in helping more U.S. businesses face the evolving supply chain and logistics challenges that are causing turmoil in the post pandemic economy”.

In 2021, Premium Peanut, from Douglas, Georgia signed an agreement with DPW to purchase a 42+ acre tract in the Gateway Logistics Park. The company is investing $64 million to build the most technologically advanced peanut shelling operation in the world. In addition to an estimated 130 local jobs, the new operation will provide additional local capacity allowing South Carolina peanut growers the opportunity to be a part of a cooperative model of continued economic growth.

DP World executives were joined at today’s event by South Carolina state and local government officials and economic development organizations.

W. Keller Kissam, Chairman, Central South Carolina Alliance, commented, “Ready product is a crucial component in landing projects with companies that rank speed to market as a priority on their wish list. We're excited to see the opportunities that this speculative building will provide in the Orangeburg market, as well as the attraction of prospecting businesses that it draws from around the globe”.

In marking the County milestone, Orangeburg County Council Chairman Johnnie Wright Sr. added, “We are grateful about the partnership with DP World, making it a Great Day in Orangeburg County! Leveraging this facility at SC Gateway’s Logistics Park is validation to our location and robust utility network”.

","pubDate":"Tue, 26 Apr 2022 10:27:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-09-30at6.26.11pm.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-09-30at6.26.11pm.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-09-30at6.26.11pm.png?10000","ppImageTitle":"Screenshot 2021-09-30 at 6.26.11 PM"},{"title":"DP World wins global vaccine logistics award","link":"https://www.dpworld.com/news/dp-world-wins-global-vaccine-logistics-award/","guid":"https://www.dpworld.com/news/dp-world-wins-global-vaccine-logistics-award/","caseid":"503167","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

DP World was awarded the prestigious \"Best Logistics Technology & Cold Chain Delivery\" award at this year’s Vaccine Industry Excellence Awards, held in Washington DC.

The award recognised DP World’s work over the last two years to address challenges in vaccine delivery and supply chain bottlenecks.

For the past 21 years, the World Vaccine Congress has grown into the leading vaccines congress globally, with an agenda shaped by a global scientific advisory board.

The lack of a unified global response to the pandemic presents a barrier to global health, freedom of movement and economic recovery. Technology and partnerships to pool expertise and resources have been vital in overcoming these obstacles.

Group Chairman and Chief Executive Officer, Sultan Ahmed Bin Sulayem, said: “When the first Covid-19 vaccines were announced, DP World was quick to recognise the scale of the challenge involved in distributing this to billions of people worldwide. We are proud that our global staff and facilities have played a part in ensuring the vaccines reach those in most need. We must learn lessons from this pandemic to ensure equal and fair access to critical supplies, regardless of wealth or geography”.

From Lab to Jab

DP World’s cold-chain facilities, such as those in Caucedo port, span warehousing space and moving goods vehicles, ensure that DP World can cover the entire journey from the laboratory right up to the point of injection. In the Dominican Republic, this meant distributing more than eight million Covid-19 vaccines around the country.

DP World’s suite of digital technologies, such as CARGOES Flow, also helped its partners identify bottlenecks in their supply chains and smooth the flow of medical supplies across borders.

Finally, the World Logistics Passport initiative, in which DP World is a partner, removes trade barriers and enhances trade routes to improve and facilitate trade between countries – simplifying the movement of these critical supplies.

At the height of the Covid-19 pandemic, we signed a three-year partnership with UNICEF to support its COVAX mission. DP World provided UNICEF free worldwide access to our logistical services, helping it deliver two billion vaccine doses by 2022 in hard-to-reach nations.

Alongside UNICEF, DP World is a key partner in the Dubai Vaccine Logistics Alliance working with Emirates and Dubai Airports to distribute vaccines by air, land, and sea to address operational challenges in emerging markets hard-hit by the pandemic.

The last mile can be the most challenging part of delivery, with vaccines often damaged by temperature fluctuations. DP World has recently partnered with UK-based Ideabatic to distribute an innovative freeze-free and fail-safe cool box to make sure these life-saving vaccines reach their targets.

","pubDate":"Fri, 22 Apr 2022 07:28:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_-dsc7090.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_-dsc7090.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/-dsc7090.jpg?10000","ppImageTitle":"_DSC7090"},{"title":"DP World reports gross volume growth of 1.9% in 1Q 2022","link":"https://www.dpworld.com/news/dp-world-reports-gross-volume-growth-in-1q-2022/","guid":"https://www.dpworld.com/news/dp-world-reports-gross-volume-growth-in-1q-2022/","caseid":"503026","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

DP World Limited handled 19.3 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first quarter of 2022, with gross container volumes increasing by 1.7% year-on-year on a reported basis and up 1.9% on a like-for-like basis.

1Q2022 volume growth was driven by Asia Pacific, Middle East, Europe and Africa, and Americas regions. At an asset level, Qingdao (China), Sokhna (Egypt), London Gateway (UK), Yarimca (Turkey), Dakar (Senegal), Caucedo (Dominican Republic), Buenos Aires (Argentina) and Posorja (Ecuador) delivered a strong performance. Jebel Ali (UAE) handled 3.4 million TEU in 1Q2022, a decrease of 1.0% year-on-year.

At a consolidated level, our terminals handled 11.3 million TEU during the first quarter of 2022, increasing 1.4% on a reported basis and up 1.1% year-on-year on a like-for-like basis.

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented:

“As anticipated, 1Q2022 volume growth has softened due to the strong prior-year performance and uncertain macro environment. However, we continue to see robust growth in markets such as Asia Pacific and the Americas, while in Europe, London Gateway’s strong performance has continued into 2022. The softer volumes Jebel Ali (UAE) is due to loss of low margin throughput where we remain focused on more profitable origin & destination cargo.

Looking ahead, the near-term outlook is mixed given the geopolitical environment, but we remain positive on the medium to long term fundamentals of the industry. On our broader portfolio, we continue to make strong progress in strengthening our product offering, allowing us to connect directly with cargo owners to deliver a range of unique logistic solutions. Overall, we remain focused on integrating our recent acquisitions, growing profitability while managing growth capex, delivering on our 2022 leverage targets and disciplined investment to cement DP World’s position as the logistics partner of choice”

","pubDate":"Thu, 21 Apr 2022 11:05:52 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_cargoship.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_cargoship.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cargoship.jpg?10000","ppImageTitle":"Cargo ship"},{"title":"DP World launches new charity foundation on Zayed Humanitarian Day","link":"https://www.dpworld.com/news/dp-world-launches-charity-foundation/","guid":"https://www.dpworld.com/news/dp-world-launches-charity-foundation/","caseid":"502895","boilerplate":"

About DP World

Our dedicated, diverse and professional team of more than 97,211 employees from 150 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

DP World has announced the launch of the DP World Foundation to carry out humanitarian work and facilitate initiatives financed by the public and private sectors.

The announcement was made by Sultan Ahmed Bin Sulayem, DP World Chairman and CEO. He said: “The foundation will support causes associated with health, education and food, both on the local, regional, and international levels, in cooperation with the relevant partners. This is in line with the UAE's Fifty-Year Charter, which includes achieving sustainable growth in humanitarian work\".

The foundation was launched in conjunction with Zayed Humanitarian Day, which falls on the 19th day of the Holy month of Ramadan.

Bin Sulayem said the launch of the foundation reflected the principles laid down by the founding father of the nation, the late Sheikh Zayed bin Sultan Al Nahyan.

He explained the vision of the DP World Foundation, which aspires to change people’s lives and leave a positive, long-lasting impact in the community. Its core values are responsibility, innovation and excellence.

\"Based on these values, the DP World Foundation will make a qualitative difference to the world map of humanitarian work while carrying the colours of the UAE flag. DP World has always made great efforts to support the communities in the countries where it operates. It has become necessary to document and organise this work through an accredited institution to streamline those endeavours and deliver assistance to those who need it most, in the quickest time\", Bin Sulayem concluded.

The DP World Foundation took its first steps towards its goals with a memorandum of understanding (MOU) and partnership agreement. These were signed by DP World's Vice-President, Mohammed Al-Muallem, and Ahmed Mahboob Musabih, CEO of the Ports, Customs and Free Zone Corporation and Director General of Dubai Customs.

The agreements were signed in the presence of Bin Sulayem, who is also Chairman of the Dubai Ports, Customs and Free Zone Corporation. They will enhance cooperation between the two sides in charity and humanitarian work.

","pubDate":"Wed, 20 Apr 2022 13:31:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_-dsc7090.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_-dsc7090.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/-dsc7090.jpg?10000","ppImageTitle":"_DSC7090"},{"title":"DP World launches E-commerce platform DUBUY.com in Tanzania","link":"https://www.dpworld.com/news/dp-world-launches-dubuy-in-tanzania/","guid":"https://www.dpworld.com/news/dp-world-launches-dubuy-in-tanzania/","caseid":"500369","description":"

A part of the leading global logistics provider DP World, DUBUY.com opens a new digital trade corridor for Tanzania and the East Africa region
The wholesale platform brings efficient, reliable B2B eCommerce to Tanzania, enabling market access for businesses of all sizes
Uniquely, the new digital trading corridors created by DUBUY.com will be supported by the physical corridors DP World has built across the African continent, including ports, terminals, and logistics operations

DP World today announces the launch of its wholesale e-commerce platform DUBUY.com in Tanzania. The online marketplace will give Tanzanian businesses better access to international markets. It will also provide a more secure and reliable supply chain, through DP World’s worldwide ports and logistics network.

The new platform enables Tanzanian businesses to buy wholesale products across a variety of categories both domestically and abroad. DUBUY.com offers users a unique combination of advanced technology and DP World physical infrastructure – which includes the Port of Berbera in Somaliland – to solve several key challenges facing the growth of e-commerce in Africa. This includes reliable fulfilment, secure financial transactions, and safe movement of goods.

This latest expansion of DUBUY.com follows launches in Kenya and Rwanda last year, which created an online business community of more than 1500 active merchants. The move into Tanzania demonstrates DUBUY.com’s commitment to creating a strategic trading gateway into East Africa by working in partnership with the Chamber of Commerce.

Speaking on today’s launch, Mahmood Al Bastaki, Chief Operating Officer of Dubai Trade World said: “Dubuy.com presents an opportunity for homegrown businesses to transform into international enterprises by providing access to new markets in Africa, the Middle East and the rest of the world. We are thrilled to continue our expansion into East Africa with our launch in Tanzania, a key strategic market given its rapidly growing economy and under-served e-commerce marketplace. It is our hope that access to these new digital tools will enable local businesses to prosper.”

Mr Paul Koyi, President of Tanzania Chambers of Commerce, said: “Tanzania’s Development Vision for 2025 is to have a strong, diversified, resilient and competitive economy, one which is easily and confidently able to adapt to the changing market and technological conditions of the regional and global economy. We know that exciting opportunities such as those provided by our strategic partnerships with DP World and DUBUY.com will help us drive this vision forward. Further, it will allow us to increase our country’s trading connectivity, build an easy access market for Tanzanian entrepreneurs, and help us secure long-term, sustainable growth. With our local expertise, and DP World’s global footprint and influence, we have a bright and prosperous future as part of a global market ahead of us.\"

","pubDate":"Tue, 29 Mar 2022 09:50:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_stacked-containers-at-maputo-terminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_stacked-containers-at-maputo-terminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/stacked-containers-at-maputo-terminal.jpg?10000","ppImageTitle":"Stacked_containers_at_Maputo_terminal"},{"title":"CARGOES Finance by DP World announces partnership with TradeFlow","link":"https://www.dpworld.com/news/cargoes-finance-announces-partnership-with-tradeflow/","guid":"https://www.dpworld.com/news/cargoes-finance-announces-partnership-with-tradeflow/","caseid":"500196","boilerplate":"

DP World is a leading enabler of global trade and an integral part of the supply chain.

We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.

We have a portfolio of over 150 operations in over 45 countries across six continents, with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring that everything we do contributes positively and sustainably to both the economy and society.

Our dedicated team of more than 46,000 employees from 120 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, providing quality value-added services today and tomorrow.

Container handling is the company’s core business and generates more than 50% of its revenue. In 2018, DP World handled 71.4 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 91 million TEU is expected to rise in line with market demand.

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.

","description":"

DP World, the leading global logistics company and provider of smart supply chain solutions, today announced a partnership between CARGOES Finance By DP World and TradeFlow Capital Management (TradeFlow), part of the Supply@Me Group (SYME). TradeFlow is a digital solutions provider used by manufacturing and trading companies to access inventory trade solutions.

DP World customers will now have access to TradeFlow’s inventory trade solutions via the CARGOES Finance fintech platform, including its in-transit and warehoused goods non-credit facility. CARGOES Finance By DP World enables access to working capital for small and medium-sized enterprises (SMEs) by connecting them with premier financial institutions worldwide. Together, DP World and TradeFlow aim to bridge the growing trade finance gap faced by SMEs globally.

TradeFlow’s CEO and SYME’s executive director, Dr. Tom James, said: \"We are proud to become a partner of CARGOES Finance By DP World and are confident that its client base will quickly see the benefit of our funds. We would hope this agreement is the first of many with DP World, which could see the Supply@Me Group become a first-choice option for many users of the CARGOES Finance Platform. This partnership also represents a key development for the Supply@Me Group's offering in the MENA region, further strengthening our relationship and proposition, alongside the Shariah Fund initiative and the strategic alliance with iMass investments.\"

Sinan Ozcan, Senior Executive Officer, DP World Financials Services Limited, said: \"I am pleased to confirm that TradeFlow, and by extension the Supply@Me Group, has partnered with CARGOES Finance By DP World and joined us in our mission to bridge the trade finance gap. Our two organizations share an entrepreneurial spirit and the common goal of supporting SMEs to achieve their own ambitions through innovative finance solutions. I look forward to a fruitful relationship with the Supply@Me Group – and exploring the different ways we can extend access to its funds for the benefit of our clients.\"

For more information on CARGOES Finance By DP World, or to request a demonstration, please visit: https://cargoes.com/finance

","pubDate":"Mon, 28 Mar 2022 08:21:56 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/clients/150_2451.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/clients/150_2451.png?10000","ppImageOriginal":"https://content.presspage.com/clients/150_2451.png?10000","ppImageTitle":"logo"},{"title":"Supply chain crisis compounds inflation in 2022","link":"https://www.dpworld.com/news/supply-chain-crisis-compounds-inflation-in-2022/","guid":"https://www.dpworld.com/news/supply-chain-crisis-compounds-inflation-in-2022/","caseid":"499154","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

A report commissioned by DP World, produced in partnership by Economist Impact, finds that supply shortages will increase inflationary pressure in 2022
Group Chairman and CEO of DP World says supply chain bottlenecks will not clear until 2023
29% of companies that export are concerned about the risk of rising inflation due to supply chain disruption
30% of companies expect increasing transport costs to limit export-led growth in 2022, contributing to higher inflation
Just-in-time shipping is dying with over a quarter of companies now holding onto stock for three months

New research reveals that supply chain issues are exacerbating inflation. The study commissioned by DP World, the leading provider of smart logistics solutions, found that during 2022 trade is expected to expand further, due to a 16% increase in exports during 2021 and imports by 12%. Production levels have been unable to keep pace with demand leading to supply shortages and will limit import growth in 2022.

Commenting on the report’s findings, DP World Group Chairman and CEO Sultan Ahmed bin Sulayem said: “The report is evidence that rising freight rates, and low production levels, coupled with a volatile social-economic situation in Europe, will keep inflation high in 2022 as companies navigate a risky trading environment. But supply chains are adapting, and executives are positive about the future of trade, which will prove durable in the near to medium-term despite any inflationary fears.”

The survey of 3,000 respondents, produced in partnership with Economist Impact captured perspectives of company leaders across the world. In addition to rising inflation, geopolitical tensions between the US and China continue to concern executives with 30% claiming that ongoing trade war between the US and China is the top reason to be pessimistic about global trade.

Despite the apprehension, and low production levels limiting imports, international revenue expanded for 68% of companies exporting freight in 2021, compared with 42% in 2020. 35% attributed that growth to an expansion of exports into new markets, as companies took advantage of new trade routes created by the pandemic.

To cope with the pandemic and ease inflationary pressures, companies are also changing their strategic outlook. 48% now said diversifying their supplier base is their primary reconfiguration strategy, with efforts focussed on sourcing raw materials (24%) and managing shipping lines and logistics (21%). The highest cited reason for optimism for global trade was the growth of technology to ease supply chain issues, particularly the adoption of 5G to increase connectivity.

Digitalisation can also streamline operations and increase efficiencies in trade. 67% of companies in the industrial sector are already using digital platforms for supply chain management. Businesses now have greater flexibility to move cargo faster, track progress in real time and automate customs clearance processes, helping address non-tariff trade barriers.

To see the report in full please click here

END

About Trade in Transition Report

This is the second edition of the Trade in Transition report commissioned by DP World, produced in partnership with Economist Impact. It is a global survey that retrieves data from over 3,000 executives, examining their experience of the pandemic, confidence on government policies, supply chain pressures on the movement of trade around the world and ESG priorities in trade. The report deep dives into regional (North America, South America, Europe, Middle East, Africa, and Asia-Pacific) and sectoral data (FMCG, health and pharma, industrial) to compare and contrast priorities in international trade.

","pubDate":"Thu, 17 Mar 2022 10:40:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP World announces record results as EBITDA increases 15% to $3.8 billion","link":"https://www.dpworld.com/news/dp-world-record-results-as-ebitda-increases-to-38-billion/","guid":"https://www.dpworld.com/news/dp-world-record-results-as-ebitda-increases-to-38-billion/","caseid":"497419","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

DP World Limited announces strong financial results for the year ended 31 December 2021. On a reported basis, revenue grew 26.3% to $10,778 million and adjusted EBITDA grew 15.3% to $3,828 million with adjusted EBITDA margin of 35.5%.

Results Highlights

Revenue increased by $2,245 million to $10,778 million (Revenue growth of 26.3% on reported basis)

Revenue growth of 26.3% supported by acquisitions and new concessions including Angola, Unico and Transworld.
Like-for-like revenue increased by 11.7% with like-for-like containerised revenue up 14.2% driven by volume growth.
Containerized revenue growth is higher than volume growth mainly due to higher storage and reefer monitoring revenue.
Like-for-like non containerised revenue up 9.5% with a strong performance from the Feedering business.

Adjusted EBITDA of $3,828 million and adjusted EBITDA margin of 35.5%

Adjusted EBITDA grew 15.3% and EBITDA margin for the year stood at 35.5%. Like-for-like adjusted EBITDA margin of 37.9%.
Reported EBITDA margin declined due to a change in mix with the consolidation of lower margin Logistics businesses.

Cash Generation Accelerates

Cash from operating activities increased 27.3% to a record $3,692 million in 2021 ($2,901 million in 2020).
Leverage (Net debt to adjusted EBITDA) at 3.7 times (Pre-IFRS16) despite higher net debt of $12.2bn ($11.0bn 2020). On a post-IFRS16 basis, net leverage stands at 4.2 times compared to 4.3 times at FY2020.
DP World credit rating remains investment grade at BBB- with Stable Outlook by Fitch and Baa3 with Stable Outlook by Moody’s.
DP World is committed to a strong investment grade rating in the medium term.

Strong Operational Performance Despite Disruptions

Terminals have remained open to service cargo owners despite challenge with pandemic.
DP World delivered a strong operational performance with berth productivity maintained despite low schedule reliability.

Disciplined Investment Across the Portfolio

Capital expenditure of $1,393 million ($1,076 million in 2020) invested across the existing portfolio.
Capital expenditure guidance for 2022 is for up to $1.4 billion with investments planned into UAE, Jeddah (Saudi Arabia), London Gateway (UK), Berbera (Somaliland), Sokhna (Egypt), Indonesia and Callao (Peru).

Acquisitions to bring value-add capabilities, exposure to high growth markets and long-term relationship with cargo owners

Acquisitions of Syncreon and Imperial Logistics[8].
Acquisitions bring value-add capabilities in fast growing markets and verticals.
Adds long-term relationship with cargo owners.

Partnership with CDC to create Africa Investment Platform

Partnership with UK’s development finance Institution, CDC, with DP World investing $1bn in ports and logistics across Africa.
Creation of platform will accelerate investment in Africa and remove trade inefficiencies.

Strong 2021 Performance, Encouraging Start to 2022

Portfolio has delivered strong performance in 2021.
Encouraging start to trading in 2022. We remain focused on delivering integrated supply chain solutions to cargo owners to drive growth and returns.
Pandemic, rising inflation and geopolitics continues to cause some uncertainty but medium-to-long term outlook remains positive.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, commented:

“We are delighted to report these strong set of results with adjusted EBITDA growing by $0.5 billion to a new record of $3.8 billion. Importantly, growth was broad based across our terminals and logistics assets as we begin to drive synergies across our portfolio. This significant growth once again demonstrates that our strategy to deliver integrated supply chain solutions will drive sustainable long-term returns.

Furthermore, our recently announced acquisition of Imperial Logistics and syncreon will bring value-add capabilities in high growth verticals and markets, which will allow us to offer a more compelling set of supply chain solutions. By leveraging our best-in-class infrastructure across inland logistics, ports & terminals, economic zones and marine logistics network, DP World aims to lower inefficiencies and provide improved connectivity in fast growing trade lanes such as Asia, Middle East & Africa.

“Importantly, we continue to make positive progress with our capital recycling program and this combined with the strong operational performance, leaves us well positioned to deliver on our 2022 combined (DP World and PFZW) leverage target of less than 4x Net Debt to adjusted EBITDA (Pre IFRS16)[9].

“Overall, we are pleased with the 2021 performance and looking ahead to 2022, we expect our portfolio to continue to deliver growth and, while the year has started encouragingly, we remain mindful that the geopolitical uncertainty, Covid-19 pandemic, continued supply chain disruptions and rising inflation could hinder the global economic recovery.”

[1] Results before separately disclosed items (BSDI) primarily excludes non-recurring items. DP World reported separately disclosed items of a $192 million loss.

[2] Like-for-like at constant currency is without the new additions at KRIL (India), TIS (Ukraine), Fraser Surrey Docks (Canada), Unico (South Korea), Luanda (Angola), Transworld & Avana (India), Digital Solution & Logistics and syncreon (USA).

[3] Gross throughput is throughput from all consolidated terminals plus equity-accounted investees.

[4] Consolidated throughput is throughput from all terminals where the Group has control as per IFRS.

[5] Adjusted EBITDA is Earnings before Interest, Tax, Depreciation & Amortisation and including share of profit from equity-accounted investees before separately disclosed items.

[6] The adjusted EBITDA margin is calculated by dividing adjusted EBITDA by revenue.

[7] Like-for-like adjusted EBITDA margin.

[8] Imperial expected to close on 14 March 2022

[9] DP World & PFZW combined pre IFRS 16 Net Debt to Adjusted EBITDA stands 5.9x as at 31 Dec 2021

","pubDate":"Thu, 10 Mar 2022 07:26:43 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_world039slargestvesselatlondongateway.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_world039slargestvesselatlondongateway.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/world039slargestvesselatlondongateway.jpg?10000","ppImageTitle":"World's largest vessel at London Gateway"},{"title":"DP World Chairman announced by UN Women as Middle East’s First HeForShe Champion","link":"https://www.dpworld.com/news/dpworld-middle-easts-first-heforshe-champion/","guid":"https://www.dpworld.com/news/dpworld-middle-easts-first-heforshe-champion/","caseid":"497075","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

On International Women’s Day 2022, UN Women and HeForShe today announced DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, as the latest HeForShe Alliance Member. The announcement took place during a high-profile event at the DP World Pavilion at Expo 2020 Dubai.

With this announcement, Mr. Bin Sulayem joins a group of ambitious leaders from across government, the corporate world and third sector to transform patriarchal masculinities and develop the largest set of scalable solutions for gender equality’s most pressing issues. As the leading provider of smart logistics solutions, DP World is uniquely set up to advance the ambitious goal of gender representation and equality in the global supply chain.

Mr. Bin Sulayem is the first leader from the Middle East region to join this prestigious group.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said, “Becoming a UN Women HeForShe Champion is a great honour, and I feel very humbled to be working alongside such esteemed leaders to accelerate progress toward gender equality. I believe in not just attracting, developing and retaining female talent in the trade and logistics industry, but truly focusing on efforts to build a global ecosystem that is equitable and fair for all.

“Through DP World’s sustainability strategy, ‘Our World, Our Future’, we apply a gender lens in everything we do to ensure gender equality is integrated into all our processes, regions and across departments. I am personally committed to making a positive impact that increases female representation, eliminates skills shortages and advocates for the diversity agenda.”

Anita Bhatia, UN Women Deputy Executive Director for UN Coordination, Partnerships, Resources and Sustainability, and Assistant Secretary-General of the United Nations, said, “We are honoured to welcome His Excellency Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World to the HeForShe Alliance. The commitment to improve representation of women in this sector will go a long way in reshaping corporate and social norms in a region that holds great opportunity for progress on gender equality. DP World’s commitment paired with their global reach will spearhead transformative change and allyship to achieve a gender equal world.”

In today’s world where we see more than 90% of Fortune 500 CEOs are male, there are obvious gains to be made involving more women in leadership positions. Women’s economic empowerment is proven to boost productivity, increase economic diversification and income equality, in addition to other positive development outcomes. Likewise increasing women’s and girls’ educational attainment contributes to more inclusive economic growth, especially to keep pace with rapid technological and digital transformation. Empowering women in the economy and closing gender gaps in the world of work is key to achieving the 2030 Agenda for Sustainable Development.

DP World has long been dedicated to making a positive impact for women and girls, both within the trade industry and wider society. In 2015, DP World signed the UN Women Empowerment Principles, and in 2018 it launched ‘MentorHer’, a global programme for the career development of female employees. The business also hosts regular WomenLead@DPWorld training programmes, aiming to support female managers to increase their impact and contribution towards their current roles and future career aspirations.

In 2021 alone, DP World invested over $1.9 million in gender equality projects, reaching more than 160,000 women in local communities. The same year, female employee representation across the DP World Group rose from 8.9% in June 2020 to 14.4% in December 2021. In 2022, the business intends to continue this investment by addressing the digital gender divide in education.

","pubDate":"Tue, 08 Mar 2022 11:19:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dsc03712.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dsc03712.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dsc03712.jpeg?10000","ppImageTitle":"DSC03712"},{"title":"DP World strengthens Inland Europe network further","link":"https://www.dpworld.com/news/dp-world-strengthens-inland-europe-network/","guid":"https://www.dpworld.com/news/dp-world-strengthens-inland-europe-network/","caseid":"495786","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

NEW RAIL ROUTE WILL PROVIDE SUSTAINABLE AND RELIABLE TRANSPORT BETWEEN THE UPPER RHINE REGION AND ROTTERDAM

DP World is launching a new rail service between the Upper Rhine region and the Port of Rotterdam, enhancing its impressive European Inland Network further and offering more sustainable and robust transport options to its customers.

The new service, starting on 14 March 2022, connects Rotterdam with two roundtrips per week with calls in Germersheim and Stuttgart.

It is another significant step for DP World’s Inland Network, which now consists of 12 inland terminals: three in Germany, four in Switzerland, two in Belgium and three in the Alsace region of France, providing resilient trimodal transport – road, rail, and waterway – solutions between European deep-sea ports and our network of inland terminals.

Rob Harrison, Vice President for Inland & Logistics, at DP World Europe & Russia, said: “This is the latest exciting step in our journey to improve and expand our services for customers in Europe. Offering more rail connections means we’ll continue delivering on our commitment to increase efficiencies and reliability for customers whilst simultaneously reducing our carbon footprint in the region.”

According to Eurostat, Intra-European trade was estimated at €3.11 trillion in 2016, 78% higher than the value of exports leaving the EU, and accounting for more than 15% of total global trade. Between 2016 and 2020, exports between EU countries increased by EUR 219 billion, despite falling by EUR 228 billion between 2019 and 2020 due to the Covid-19 pandemic.

DP World believes that understanding the intricacies and inter-connectedness of lean, tech-enabled intermodal operations is the key to success in the region, and that building efficient networks through multimodal capabilities relies on lean port operations, where technology and expertise are utilised to provide transparency and reliability for both merchant and operator.

Rob continued: “We know the demands of customers, corporates and governments around the world, are changing. Businesses are facing increasing pressures to deliver products and goods on time and at speed, as well as keeping an eye on their carbon emissions and overall impact on the environment.

“This reliance within the supply chain to deliver – and deliver fast – means that retailers are forced to expose themselves to not insignificant amounts of risk. As consumers continue to push the bar even higher with expectations for quicker and more reliable means of service, Europe-wide logistics providers need to be savvy about getting their goods from east to west, north to south, and vice versa.

“By offering trimodal solutions, we believe it makes it easier to build in redundancies in case of congestion, low/high water, incidents etc., while also allowing us to expand our geographical scope. This moment in time, therefore, represents – not a challenge – but an opportunity for businesses to reconsider the quality and connectivity of their operations, both for the benefit of themselves and for their customers.”

","pubDate":"Mon, 28 Feb 2022 13:45:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_railway-container-transport-at-rotterdam-terminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_railway-container-transport-at-rotterdam-terminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/railway-container-transport-at-rotterdam-terminal.jpg?10000","ppImageTitle":"Railway_container_transport_at_Rotterdam_terminal"},{"title":"DP World’s offer to acquire 100% stake in Imperial successfully concluded","link":"https://www.dpworld.com/news/dp-world-to-acquire-imperial/","guid":"https://www.dpworld.com/news/dp-world-to-acquire-imperial/","caseid":"495638","boilerplate":"

About DP World

Follow DP World on:

Twitter: https://twitter.com/DP_World
LinkedIn: https://www.linkedin.com/company/dp-world

","description":"

Imperial Logistics Limited (‘Imperial’) and DP World Logistics FZE (‘DP World’) are pleased to advise that all conditions precedent regarding DP World’s offer to acquire a 100% stake in Imperial, including regulatory approvals, have been fulfilled. The transaction is now unconditional and will be implemented on 14 March 2022.

“We are excited about concluding this transaction, which will be value-enhancing for our people, clients and principals, for our service offering across the markets we serve, and for our other key stakeholders who will benefit from DP World’s leading technology, capabilities, global networks, scale and key trade-lane volumes, while enabling us to build on our ‘Gateway to Africa’ strategy and growth ambitions,” says Imperial’s Group CEO, Mohammed Akoojee.

“Combining DP World’s world-class infrastructure, specifically its investment and expertise in ports on the African continent, with Imperial’s logistics and market access platforms will enable us to offer integrated end-to-end solutions along key trade lanes into and out of Africa, also driving greater supply chain efficiencies, and ultimately enhancing value for all stakeholders.”

DP World and its subsidiaries employ over 71,000 people across its worldwide operations and its vision is to drive economic growth through creating more efficient supply chains, connecting markets, driving global trade flow and offering innovative solutions to cargo owners, while ensuring a positive and sustainable impact on societies and the planet. DP World is focused on driving sustainable growth prioritising practices that have a positive impact on the local people, communities, and environment in which it operates.

The acquisition is expected to also add significant strategic value to DP World given Imperial’s attractive footprint and strong market access and logistics solutions capability. Imperial’s business strongly complements DP World’s existing footprint in Africa and Europe and will allow DP World to deliver a fully integrated end-to-end solution across a wider market.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are excited to conclude our acquisition of Imperial, which has a significant presence in Africa, a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes. Imperial’s capabilities in market access and logistics and its extensive African and European footprint will complement and enhance our growth aspirations. DP World is a business that also focuses on empowering and employing local people in its countries of operation while delivering sustainable and inclusive growth. Imperial’s purpose aligns with our approach and we look forward to welcoming Imperial to the DP World family.”

As a consequence of this transaction, the Delisting of the Imperial’s Ordinary Shares from the Main Board of the securities exchange operated by the JSE will be implemented on 15 March 2022.

Read the full regulatory announcement: https://www.imperiallogistics.com/sens.php

","pubDate":"Fri, 25 Feb 2022 13:14:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_csm-imperial-0079-8e27113064-1600x900.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_csm-imperial-0079-8e27113064-1600x900.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/csm-imperial-0079-8e27113064-1600x900.jpeg?10000","ppImageTitle":"csm_Imperial_0079_8e27113064_1600x900"},{"title":"DP WORLD ANNOUNCES AVAILABILITY OF CARGOES FLOW, NEW GLOBAL SUPPLY CHAIN VISIBILITY PLATFORM","link":"https://www.dpworld.com/news/dp-world-announces-availability-of-cargoes-flow/","guid":"https://www.dpworld.com/news/dp-world-announces-availability-of-cargoes-flow/","caseid":"493774","boilerplate":"

DP World is a leading enabler of global trade and an integral part of the supply chain.

We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.

","description":"

DP World, the leading provider of smart supply chain solutions, today announced that CARGOES Flow— an end-to-end visibility platform for tracking intermodal shipments across sea, air, and land—is now widely available.

CARGOES Flow is a one-stop-shop supply chain solution that provides end-to-end visibility for shipments irrespective of their shipping modes, carriers, and shipping lanes. The platform, which requires no setup to be used, features an intuitive, easy to use interface that allows users to gain insight into their supply chain and better manage productivity, planning, cost optimisation, and overall business performance.

Operating in the cloud, CARGOES Flow provides real-time intelligence on the status of active and completed shipments on a single, dedicated platform. Key features include:

Business Intelligence – A dashboard highlighting key insights and trends of ongoing shipments, with key metrics and charts front and center to identify potential inefficiencies and optimization opportunities.
Multi-Level Dashboard – A world map view of all active shipments and their current locations, including exceptions and alerts color coded for easy interpretation.
Partner Collaboration – Facilitated collaboration among business partners through document sharing, tracking data sharing, and email notifications.

Mike Bhaskaran, Chief Operating Officer – Logistics and Technology, DP World, said “Today's end-to-end supply chain can be enormously complex, comprising numerous stakeholders, endpoints, and legacy siloed environments. We see CARGOES Flow as a direct challenge to that status quo, helping our customers consolidate their supply chain operations to ensure their logistics can freely operate with accuracy, efficiency, and interoperability without hindrance.”

Pradeep Desai, Chief Technology Officer – Group Technology, DP World, said: “Predictive and real-time visibility are key drivers for better customer experience and operational efficiency in the supply chain. CARGOES Flow provides visibility to shippers & service providers over their intermodal shipments by intelligently aggregating and analysing data from various sources, providing a unique experience that is unparalleled in today's market.”

DP World will continue to invest in new technologies and solutions such as CARGOES Flow, to make logistics more intelligent and efficient for the global supply chain community, so businesses can seamlessly operate and scale faster.

CARGOES Flow is now widely available to shippers and logistics service providers of all sizes and is the latest addition to the CARGOES suite of tools to streamline end-to-end logistics and trade worldwide.

For more information on how CARGOES Flow can help you gain visibility into your supply chain, visit https://www.cargoes.com/flow

","pubDate":"Tue, 15 Feb 2022 08:11:36 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/clients/150_2451.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/clients/150_2451.png?10000","ppImageOriginal":"https://content.presspage.com/clients/150_2451.png?10000","ppImageTitle":"logo"},{"title":"Prince William’s Incredible Earthshot Innovators Backed by DP World with £1 Million Global Investment","link":"https://www.dpworld.com/news/earthshot-innovators-backed-by-dp-world-with-1million-global-investment-at-first-innovation-showcase/","guid":"https://www.dpworld.com/news/earthshot-innovators-backed-by-dp-world-with-1million-global-investment-at-first-innovation-showcase/","caseid":"493475","summary":"

DP World commits £1million - £500k each - to scale two Earthshot Oceans Finalists’ solutions, including laying the foundations for the first-ever commercial land-based coral farm for reef restoration in the Middle East and installing the largest living seawall on the planet to support the native marine life of the region

Earthshot Prize Council Member Her Majesty Queen Rania Al Abdullah of Jordan joined Prince William via video message at the exclusive Earthshot Prize Innovation Showcase at Expo 2020 Dubai

At the Showcase, Prince William challenged the distinguished audience of investors, philanthropists, and business leaders to support the Finalists' solutions to repair our planet

","boilerplate":"

Social media: @earthshotprize / @dukeandduchessofcambridge / #EarthshotPrize

For more information about The Earthshot Prize, visit: www.earthshotprize.org

For photos and video content from The Earthshot Prize Innovation Showcase: Cantu

Notes to Editors

About The Earthshot Prize:

Founded by Prince William and The Royal Foundation in 2020, The Earthshot Prize is a global environmental prize and platform to discover, accelerate, and scale ground-breaking eco-innovations to repair and regenerate the planet. Inspired by President John F. Kennedy’s Moonshot which united millions of people around the goal of reaching the moon, The Earthshot Prize aims to catalyse an Earthshot challenge to urgently encourage and scale environmental innovations that can help put the world firmly on a trajectory towards a stable climate, where communities, oceans & biodiversity thrive in harmony by 2030. The five Earthshot challenges are: Protect and Restore Nature; Clean our Air; Revive our Oceans; Build a Waste-free World; and Fix our Climate.

The Prize is an urgent call to action to the world and aims to turn the current pessimism surrounding environmental issues into optimism, by championing inspiring leadership and helping to scale incredible cutting-edge solutions. It will discover 50 winners over 10 years with the power to repair the planet. In October 2021 the inaugural Earthshot Prize awards ceremony was held in London hosted by Dermot O’Leary and Clara Amfo and included performances from Coldplay, Ed Sheeran and Yemi Alade.

About DP World:

DP World is a leading provider of worldwide smart end-to-end supply chain logistics, enabling trade flow across the globe. The Group has an interconnected global network of 190 business units in 69 countries across six continents, with a significant presence in high-growth and mature markets. The company has more than 71,255 employees from 150 nationalities committed to delivering unrivalled value to customers and partners.

The Earthshot Prize Council:

The Prize is backed by The Earthshot Prize Council, a truly global team of influential individuals from a wide range of different sectors, all of whom are committed to championing positive action in the environmental space. Every year from 2021 until 2030, The Earthshot Prize Council will award The Earthshot Prize to five Winners, one per Earthshot.

They are:

His Royal Highness Prince William;
Her Majesty Queen Rania Al Abdullah (Jordan);
Cate Blanchett – actor, producer and humanitarian (Australia);
Christiana Figueres – co-founder of Global Optimism and former UN Climate Chief responsible for delivery of the landmark Paris Agreement on Climate Change (Costa Rica);
Dani Alves – professional footballer (Brazil);
Sir David Attenborough – broadcaster and natural historian (UK);
Ernest Gibson – community activist (Fiji);
Hindou Oumarou Ibrahim – environmental activist (Chad);
Indra Nooyi – business executive and former Chairman & CEO of PepsiCo (US & India);
Jack Ma – philanthropist, entrepreneur and UNSDG Advocate (China);
Luisa Neubauer – climate justice activist (Germany);
Naoko Yamazaki – former astronaut onboard the International Space Station (Japan);
Dr. Ngozi Okonjo-Iweala – Director-General World Trade Organisation (Nigeria);
Shakira Mebarak – singer and philanthropist (Colombia);
Yao Ming - Naismith Basketball Hall of Famer and environmentalist (China).

About The Earthshot Prize Global Alliance: The Earthshot Prize is supported by its Global Alliance, an unprecedented network of organisations worldwide which share the ambition of the Prize. Within the Global Alliance are:

The Global Alliance Founding Partners are a group of leading global organisations and philanthropists which act as strategic funding partners to the Prize, including Aga Khan Development Network, Bezos Earth Fund, Bloomberg Philanthropies, Breakthrough Energy Foundation, Coleman Family Ventures, DP World in partnership with Dubai EXPO 2020, Holch Povlsen Foundation, Jack Ma Foundation, Marc and Lynne Benioff, Paul G. Allen Family Foundation and Rob & Melani Walton Foundation.

Global Alliance Partners are non-profit environment and sustainable development organisations that bring expertise, global reach and serve as nominating organisations each year. For full list see website: Global Alliance - Earthshot Prize

Global Alliance Members are some of the world’s largest and most influential companies and brands who will support The Earthshot Prize, implement ambitious changes within their businesses and accelerate the advancement of the solutions of Prize Finalists and Winners. They are: Arup, Bloomberg L.P., Deloitte, Herbert Smith Freehills, Hitachi, Ingka Group (IKEA), Microsoft, The Multichoice Group, Natura &Co, Safaricom, Salesforce, Unilever, Vodacom Group, Walmart.

About The Royal Foundation of The Duke and Duchess of Cambridge:

The Royal Foundation mobilises leaders, businesses and people so that together we can address society’s greatest challenges. Led by The Duke and Duchess of Cambridge, our work is built on world-class research, long-term partnerships, and measurable, scalable impact.

","description":"

Prince William was joined today by His Highness Sheikh Ahmed bin Saeed Al Maktoum and His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, at the first-ever Earthshot Prize Innovation Showcase. During Prince William’s visit to the Middle East, His Royal Highness attended the event at the

DP World Pavilion at Expo 2020 Dubai and applauded DP World’s announcement of the £1 million investment to two Earthshot Prize Finalists, designed to scale their work in the UAE and Middle East.

The stunning Innovation Showcase profiled the ground-breaking solutions from the 2021 Earthshot Prize Finalists and included remarks from Earthshot Prize Council Members Prince William and Her Majesty Queen Rania Al Abdullah who participated via video message, challenging the distinguished audience to help scale the Earthshot Prize solutions that will repair and regenerate our planet.

Prince William said:

“We have reason to hope, our future is not yet set, and while the task ahead is great, we still have the ability to repair our planet, and create a better world. The Earthshot mission is more than just a prize. It’s a global team effort to spark urgent optimism and game-changing innovation to transform our future. I’m inviting all of you to join the Earthshot team and support our Finalists - the eco-innovators - to take their solutions to scale.”

Queen Rania Al Abdullah of Jordan said:

“The future is these Finalists—and so many like them around the world. They remind us that human ingenuity is the ultimate renewable resource.” Queen Rania added: “Every sector has a role to play— public, private, philanthropic. And the bottom line could not be clearer: If we work together, everybody wins.”

During the event, Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, announced a landmark investment from DP World – a Founding Partner of The Earthshot Prize - of £1million to scale two Earthshot Prize Finalists’ solutions. Revive our Oceans Earthshot Prize Winner Bahamas-based Coral Vita will receive £500k to develop a strategy for the deployment of large-scale reef restoration in the UAE, which will implement approaches to grow climate resilient corals up to 50 times faster than traditional methods.

With these funds, they will begin collaborative work on reef restoration in the region, including scoping for the first commercial land-based coral farm for reef restoration in the Middle East. Revive our Oceans Prize Finalist Australia-based Living Seawalls was also awarded £500k from DP World.

This investment will scale their innovative work creating panels that mimic natural habitats like rock pools and mangrove roots, which are fitted to coastal sea defences to return marine life to coastal shorelines. DP World’s commitment will fund the design and installation of the largest living seawall on the planet adapted to support the native marine life of the UAE and wider region.

DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, said:

“Our business is connected to the oceans and their protection is an important priority across all our operations as part of our sustainable business commitments evidenced by our target of net zero carbon emissions by 2040. Our sustainability strategy, Our World, Our Future, steers all our initiatives with climate change a major feature in what we do. Partnerships with global organisations are also key to achieving change and only by joining forces can we tackle these challenges over the next decades.

Innovative technologies will play a major role in achieving global targets in line with the UN’s Sustainable Development Goals and we are excited to invest in both Coral Vita and Living Seawalls as part of our efforts to develop technologies that address issues facing marine ecosystems. “As Global Alliance Founding Partners with Expo Dubai 2020 and as a logistics business with a network across 69 countries around the world, we look forward to working closely with The Royal Foundation and in the promotion of The Earthshot Prize.”

The Innovation Showcase featured pitch presentations from five 2021 Earthshot Prize Finalists, including:

Eshrat Waris from SOLshare, Bangladesh: The world’s first peer-to-peer energy exchange network in a country on the front-line of climate change.
David Auerbach from Sanergy, Kenya: A circular sanitation solution reducing waste and supporting local farmers.
Olugbenga Olubanjo from Reeddi, Nigeria: Solar-powered energy capsules making electricity affordable and accessible in energy-poor communities. These pitches were in addition to hearing from Sam Teicher and Gator Halpern from Coral Vita, and Dr Mariana Mayer Pinto from Living Seawalls.

Following the Showcase, the Finalists joined Prince William and the DP World Group Chairman and CEO at a networking event in the DP World Pavilion. This was an opportunity for audience members to speak directly to the Finalists about their solutions and discuss potential scaling and investment opportunities. Also at the reception, the attendees were able to see some of the solutions first-hand including a Reeddi capsule and 3D models from Coral Vita.

","pubDate":"Fri, 11 Feb 2022 07:38:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dsc03733.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dsc03733.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dsc03733.jpeg?10000","ppImageTitle":"DSC03733"},{"title":"Prince William hears how United for Wildlife partners are supporting efforts to counter illegal wildlife trade on visit to Dubai","link":"https://www.dpworld.com/news/prince-william-hears-how-ufw-partners-counter-illegal-wildlife-trade-on-dubai-visit/","guid":"https://www.dpworld.com/news/prince-william-hears-how-ufw-partners-counter-illegal-wildlife-trade-on-dubai-visit/","caseid":"492968","summary":"

• Prince William visits DP World’s Jebel Ali Port on first official visit to see demonstration of work to counter the illegal wildlife trade

• Dubai Airports, owner of the world’s busiest international airport Dubai International DXB, joins the United for Wildlife Transport Taskforce

• Middle East and North Africa Chapter of United for Wildlife launches in the region

","boilerplate":"

The Royal Foundation:

United for Wildlife:

United for Wildlife was founded by Prince William and The Royal Foundation in 2014. It aims to make it impossible for traffickers to transport, finance or profit from illegal wildlife products. By working collaboratively with the transport and finance sectors, building key partnerships with law enforcement and NGOs, and sharing information and best practices across the sectors, and across borders, United for Wildlife is disrupting this criminal network globally.

DP World:

","description":"

Prince William, the founder of The Royal Foundation’s United for Wildlife, marked his trip to Dubai with a visit to Jebel Ali Port, hearing how partners in the region are working to end the illegal wildlife trade and seeing a demonstration of their work.

The illegal wildlife trade is among the five most lucrative global crimes and is often run by highly organised criminal networks. Prince William founded United for Wildlife with The Royal Foundation to raise awareness of this serious organised crime and bring motivated leaders from business, law enforcement and charities together to bring about a more significant response than conservations alone.

Jebel Ali Port is owned by DP World, the Principal Partner of United for Wildlife. They have been instrumental in recognising this vision and raising awareness of action on this issue. DP World is headquartered in Dubai and handles around 10% of global container traffic across its ports and terminals worldwide.

During his visit to Jebel Ali, Prince William was given a port tour to see the scale of operations at the Middle East’s largest port. His Royal Highness was then shown a live demonstration of cargo being unloaded from ships, the journey through customs, learning about how cutting-edge new technology can be deployed to identify trafficked wildlife items, and support enforcement investigations.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: “As a leading global logistics business, we recognise the important need to address the rising concerns posed by the illegal wildlife trade, which not only impacts biodiversity but has ramifications for our planet and local communities. We are taking extensive measures to tackle the issues, including collaborating with United for Wildlife and technology companies to develop processes to improve the detection of illegal wildlife cargo.

\"We are deeply honoured by Prince William’s visit and his unwavering support to this cause and hope that organisations, governments, transport companies and influencers mobilise to raise awareness of the devastation such trade causes around the world.”

United for Wildlife is building a global network of transport and finance experts, united in a shared aim to stop criminals from exploiting their networks and end the illegal wildlife trade. Ahead of Prince Williams’s visit, Dubai Airports, operator of the world’s busiest international airport Dubai International DXB, has announced it will become a signatory of The Buckingham Palace Declaration, becoming the latest member of United for Wildlife’s Transport Taskforce and further strengthening awareness of this crime in the region.

United for Wildlife has launched a Middle East and North Africa Chapter to recognise this building momentum. New signatories from the financial services sector join this growing network further to enhance the regional response to the illegal wildlife trade.

At their Dubai Expo 2020 pavilion, DP World brought together leading figures from across transport, finance, law enforcement and NGOs, including support by Her Excellency Mariam Al Muheiri – UAE Minister of Climate Change and Environment, who delivered a keynote speech.

The Regional Chapter will work with UfW’s international finance and transport taskforces to share information and resources, strengthen existing partnerships and better respond to support local priorities. It is the fifth regional chapter to launch, following East Africa, Southern Africa, Hong Kong, Southeast Asia and Australasia.

","pubDate":"Thu, 10 Feb 2022 15:09:27 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP World reports strong volume growth of 9.4% in 2021","link":"https://www.dpworld.com/news/dp-world-reports-strong-volume-growth-of-94-in-2021/","guid":"https://www.dpworld.com/news/dp-world-reports-strong-volume-growth-of-94-in-2021/","caseid":"492586","description":"

DP World Limited handled 77.9 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in full year 2021, with gross container volumes increasing by 9.4% year-on-year on a reported basis and up 8.9% on a like-for-like basis[1]. On a 4Q2021 basis, DP World handled 19.6 million TEU, up 2.6% year-on-year on a reported basis and up 2.3% on a like-for-like basis.

2021 gross volume growth was broad based with India, Asia Pacific, Middle East & Africa, Europe, Australia and Americas regions being the key growth drivers. At an asset level, Qingdao (China), Mumbai, Mundra, Chennai (India), Sokhna (Egypt), London Gateway (UK), Caucedo (Dominican Republic), Callao (Peru), and Sydney (Australia) delivered a strong performance.

Jebel Ali (UAE) handled 13.7 million TEU in 2021, up 1.9% year-on-year.

At a consolidated[2] level, our terminals handled 45.4 million TEU during 2021, increasing 8.8% on a reported basis and 8.1% year-on-year on a like-for-like[3] basis.

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented: \"We are delighted to report another strong volume performance with growth of 9.4% for the year, which is once again ahead of industry growth of 6.5%[4]. This outperformance is due to our continued investment in high quality assets in the right locations and the delivery of our strategy to offer integrated supply chain solutions to beneficial cargo owners.

All our regions delivered volume growth with India being a key driver and encouragingly Jebel Ali (UAE) delivered a steady performance with 1.9% growth in 2021.

As expected, growth rates moderated in the final quarter of 2021 as the new covid variant, inflation and supply chain bottlenecks impacted global growth. However, looking ahead to 2022, we expect our portfolio to continue to deliver growth and, while the year has started encouragingly, we remain mindful that the Covid-19 pandemic, continued supply chain disruptions, rising inflation and geopolitical uncertainty could continue to hinder the global economic recovery.

Overall, we are pleased with the business performance in 2021 and remain focused on growing profitability while managing growth capex. The strong volume performance leaves us well placed to deliver an improved set of full year results and we remain focused on delivering our 2022 leverage targets.\"

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Further Information

Gross Volume ‘000 TEU	4Q 2020	4Q 2021	% Growth (like for like)	FY 2020	FY 2021	% Growth (like for like)
Asia Pacific & India	8,138	8,561	+5.2% (+5.2%)	30,693	34,587	+12.7% (+12.7%)
Europe, Middle East and Africa*	8,025	8,055	+0.4% (-0.4%)	30,401	32,134	+5.7% (+4.8%)
Americas & Australia	2,895	2,946	+1.8% (+1.8%)	10,150	11,214	+10.5% (+10.1%)
Total Group	19,058	19,562	+2.6% (+2.3%)	71,245	77,935	+9.4% (+8.9%)

*Jebel Ali Volumes included in Middle East, Africa and Europe region	3,402	3,409	+0.2% (+0.2%)	13,488	13,742	+1.9% (+1.9%)

Consolidated Volume ‘000 TEU	4Q 2020	4Q 2021	% Growth (like for like)	FY 2020	FY 2021	% Growth (like for like)
Asia Pacific & India	2,373	2,555	(+7.7%) (+7.7%)	8,766	10,232	+16.7% (+16.7%)
Europe, Middle East and Africa*	6,066	6,092	(+0.4%) (-0.4%)	23,161	24,310	+5.0% (+3.8%)
Americas & Australia	2,770	2,834	(+2.3%) (+2.3%)	9,821	10,881	+10.8% (+10.4%)
Total Group	11,209	11,481	(+2.4%) (+2.0%)	41,748	45,422	+8.8% (+8.1%)

[1] Like for like gross container volume adjusts for volumes at Fraser Surrey Docks (Canada), TIS Terminals (Ukraine) and Luanda (Angola)

[2] Consolidated throughput is throughput from all terminals where the group has control as per IFRS.

[3] Like for like consolidated container volume adjusts for at Fraser Surrey Docks (Canada), TIS Terminals (Ukraine) and Luanda (Angola)

[4] Drewry estimates

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About DP World

","description":"

DP World, the leading provider of smart logistics solutions, and the Government of Angola, today signed a Memorandum of Understanding (MoU) with the aim of cooperating to further develop the country’s trade and logistics sector.

The MoU was signed in Luanda by Eugenio de Lima Fernandes, National Director for Concession Economics, and Suhail Al Banna, CEO and MD, Middle East and Africa Region, DP World, in the presence of His Excellency, Dr Ricardo Viegas de Abreu, Angola’s Minister of Transport, and Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World.

The MoU paves the way for the two parties to enter into formal discussions to explore cooperation in the areas of ports and terminals, special economic zones and logistics parks, cross border trade facilitation, trade finance and marine services, as well as logistics support in other commodity-based sectors.

DP World began operations at the Multipurpose Terminal (MPT) at the Port of Luanda on 1 March 2021 after it was awarded a 20-year concession to manage, operate and modernise the facility.

Since then, DP World Luanda has invested in new equipment and facilities, technology and the development and training of staff, as part of a US$190 million initial investment to transform the terminal into a major maritime hub along the western coast of Southern Africa.

Ricardo Viegas d’ Abreu, Angola’s Minister of Transports, said: “DP World is a strategic partner for the transport and logistics sector in Angola, because it brings together the professionalism and skills necessary to drive the vision of an integrated and sustainable economy, with an effective and efficient logistics chain. With this partnership, it will be possible to promote and boost Angola's industrial development, as well as its cross-border and international trade\".

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “Alongside the Multipurpose Terminal, there is still tremendous opportunity to further develop and integrate the country’s logistics and trade infrastructure and unlock more economic benefits. The Angolan government has an ambitious plan for this sector, and through this MoU our primary objective is to find ways in which we can support the country to significantly maximize its strategic location and increase trade flows domestically and in the surrounding region.”

Following the implementation of the MPT’s development and modernisation plan, the teams at DP World Luanda increased operational efficiency threefold within the first six months of starting operations. The team also achieved the feat of being the first terminal in the country to handle two large vessels simultaneously.

Photo details:

Suhail Albanna, CEO and MD at DP World Middle East and Africa
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World
His Excellency, Dr. Ricardo Viegas D'Abreu, Angola's Minister of Transport
Eugénio de Lima Fernandes, National Director for Concession

","pubDate":"Wed, 02 Feb 2022 15:42:29 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dpworldandangolamou.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dpworldandangolamou.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dpworldandangolamou.jpg?10000","ppImageTitle":"DP World and Angola MoU"},{"title":"DP World and the Democratic Republic of Congo lay first stone to mark the start of construction of Banana Port","link":"https://www.dpworld.com/news/dp-world-and-drc-lay-first-stone-to-mark-the-start-of-construction-of-banana-port/","guid":"https://www.dpworld.com/news/dp-world-and-drc-lay-first-stone-to-mark-the-start-of-construction-of-banana-port/","caseid":"491977","description":"

DP World, the world's leading provider of smart logistics, and the Government of the Democratic Republic of the Congo (DRC), today laid the first stone to mark the start of construction of the new Banana Port.

The ceremony was attended by His Excellency, Félix-Antoine Tshisekedi, President of the DRC, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, as well as members of the DRC Government, public representatives and members of the local community.

The stone laying follows the signing of the collaboration agreement in December 2021 between DP World and the DRC Government to develop the first deep water port in the country.

The port is being developed at Banana, along the country’s 37km coastline on the Atlantic Ocean in Kongo Central province and following its completion, will provide significant cost and time savings that will boost the country’s trade.

His Excellency, Félix-Antoine Tshisekedi, President of the Republic of the DRC, said: “This is a proud and historic day for the DRC, as our vision to develop Banana Port to transform our country into a regional trade hub, becomes a reality. It will grow our economy by creating direct and indirect jobs, provide new opportunities in the supply chain and attract more foreign direct investment. The new port will not only benefit the Kongo Central Province, but the whole country.”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “Banana Port will be a modern, world class port and undoubtedly a game changer for the DRC. Once complete, it will attract more direct calls from larger vessels travelling from Asia and Europe, greatly enhancing the country’s access to international markets and global supply chains. We thank President Tshisekedi and his Government for partnering with DP World to develop Banana Port.”

DP World will develop an initial 600-meter quay with an 18m draft, capable of handling the largest vessels in operation. It will have a container handling capacity of about 450 000 TEUs (20-foot equivalent units) per year, and a 30-hectare yard to store containers. The port will feature the latest technology and equipment.

","pubDate":"Tue, 01 Feb 2022 12:26:51 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_drc1.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_drc1.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/drc1.png?10000","ppImageTitle":"DRC1"},{"title":"Popularity of Golf in the Middle East placing pressure on global supply chains","link":"https://www.dpworld.com/news/popularity-of-golf-in-the-middle-east-placing-pressure-on-global-supply-chains/","guid":"https://www.dpworld.com/news/popularity-of-golf-in-the-middle-east-placing-pressure-on-global-supply-chains/","caseid":"491444","boilerplate":"

We are the leading provider of worldwide smart end-to-end supply chain & logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.

We deliver these services through an interconnected global network of 181 business units in 64 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse and professional team of more than 56,000 employees from 140 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

We think ahead, anticipate change and deploy industry-leading technology to broaden our vision of more efficient, transparent and resilient world trade. We achieve this by leveraging disruptive innovation to create the smartest and most effective logistics solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

","description":"

The Covid-19 pandemic has led to a surge in popularity for golf across the Middle East, putting pressure on supply chains that are struggling to keep up with demand as the sport, retail and leisure sectors continue to be affected by declining production levels.

In the Middle East, trade in golf apparel is expected to surpass $45m by 2026, but a fall in production levels, driven by supply shortages, is significantly impacting imports for 17% of companies surveyed by Economist Impact.

The same study, commissioned by DP World, also found that higher transport costs is limiting imports into the Middle East for 41% of companies.

Speaking about DP World’s commitment to the sports industry, Abdulla Bin Damithan, CEO & Managing Director DP World UAE & Jafza, said: “Golf is a global business, reliant on international trade that ships the graphite in clubs to the quartz in a bunker. We recognise that supply chain disruptions, triggered by the pandemic, continue to affect the import of sports and leisure equipment into the Middle East. But DP World is expanding its smart logistics solutions and investing in leading technology to make sure we can connect regional consumption with global production cycles.”

To highlight how the pandemic-induced supply chain challenges have impacted the availability of golf equipment, DP World is leveraging its title partnership with the DP World Tour to collect used golf balls throughout the 2022 season. These balls will then be redistributed to support growth of the game globally.

The container, which is made from a repurposed shipping container, can house up to 200,000 golf balls. Its first stop will be the Fan Zone of the Slync.io Dubai Desert Classic, an iconic Rolex Series event on the DP World Tour, which takes place at the Emirates Golf Club from January 27^th-30^th.

DP World will deploy real-time container tracking technology to the golf container, allowing fans of the sport to follow its journey between tournaments, whether it is travelling by rail, road, or sea.

Guy Kinnings, Deputy CEO of the European Tour, concludes: “Golf is becoming increasingly popular in the region with 388,966 rounds played annually across 124 courses, and in Dubai it’s an industry that creates an annual turnover of AED975 million. Supporting this demand with a seamless supply chain is imperative to the continual growth of the game, and we are fortunate that DP World has the network and infrastructure to alleviate the pressure.”

","pubDate":"Fri, 28 Jan 2022 09:20:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dpworldcontainer.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dpworldcontainer.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dpworldcontainer.jpg?10000","ppImageTitle":"DP World Container"},{"title":"DP World joins forces with Maersk Mc-Kinney Moller Center for Zero Carbon Shipping","link":"https://www.dpworld.com/news/dp-world-joins-forces-with-maersk-mc-kinney-moller-center-for-zero-carbon-shipping--to-help-decarbonize-the-maritime-industry/","guid":"https://www.dpworld.com/news/dp-world-joins-forces-with-maersk-mc-kinney-moller-center-for-zero-carbon-shipping--to-help-decarbonize-the-maritime-industry/","caseid":"491249","description":"

Global leader in supply chain solutions DP World reinforces its commitment to being a world leader in sustainability by entering a strategic partnership with Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (the Center).

Launched in 2020 as an independent, not-for-profit organisation, the Center is undertaking intensive research and development to find practical ways to decarbonize the maritime industry through several global initiatives.

As a partner, DP World is committing to long-term strategic collaboration and contribution to the development of zero carbon technologies and solutions for the maritime industry. DP World will make several of its specialists available to the Center in Copenhagen to provide insights to end to end supply chains and help demonstrate and test new solutions across the value chain in a live setting.

In welcoming DP World to the Center, Bo Cerup-Simonsen, CEO of Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, said: “Decarbonizing the maritime industry is changing an entire business system and it requires completely new supply chains and structures. DP World brings extensive and very valuable expertise in integrated logistics and infrastructure, and they have a deep understanding of the complexity we are facing. Their proactive response to addressing climate change and strong sustainability focus is very aligned with our mission and we look very much forward to having DP World onboard”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “DP World moves 10 per cent of global cargo and we are excited to be working alongside other leading organisations committed to a collaborative approach to solving the challenges of achieving zero-carbon economies.”

“Our Marine Services business including the Unifeeder Group, represent almost 75% of our carbon footprint through their fleet of vessels and working with the Center is an important part of developing solutions as we pursue our own net zero target by 2040.”

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DP World is a leading enabler of global trade and an integral part of the supply chain.

We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.

","description":"

CARGOES Customs By DP World is a new digital compliance and revenue solution, providing a streamlined, single window interface.
The platform features a unique and highly sophisticated risk analysis system that replaces traditional customs systems

DP World, the leading global logistics company and provider of smart supply chain solutions, today announced the launch of its new digital compliance and revenue platform, CARGOES Customs. The platform facilitates completely paperless trade easing the flow of the customs process using innovative technology solutions, including an Artificial Intelligence driven risk engine and smart valuation. Its advanced classification wizard, based on machine learning, vastly reduces classification issues. It is designed and supported by customs experts and digital transformation leaders, and is backed by more than 40 years of experience in logistics to solve challenges in the supply chain.

CARGOES Customs provides an intelligence-enabled, unified customs operating model that optimizes border management and revenue collection activities. The system empowers customs agencies to facilitate trade, secure global supply chains, and increase compliance. At the same time, it minimizes revenue leakage for government agencies. The platform is built to assist global customs organizations in reforming and modernizing processes by streamlining digital transformation through the latest technology and tools.

The CARGOES Customs platform is based on the belief that with technology as a foundation, any customs organization can vastly improve its digital capabilities and better integrate with key agencies and other countries, while also satisfying any regional agreements. The CARGOES Customs system is further enhanced by its powerful risk engine which detects revenue leakages. This technology improves visibility and traceability, and is based on WCO best practices, thereby optimising the customs clearance process. As an intelligent risk engine, it helps enforce compliance and promotes seamless collaboration between authorities, government departments and stakeholders.

Offering a single window interface, CARGOES Customs is highly configurable and uses a template-based design which means customs organizations can update or roll-out new services at the click of a button. It supports all file formats commonly used in customs, and is WCO, WTO and SAFE framework compliant.

Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World said: “Trade is a key driver to help economies around the world to recover fairly and sustainably from the economic shock of the pandemic. At DP World, we are doing our part to make trade flow as smoothly and seamlessly as possible, and with CARGOES Customs we really help customs authorities around the world to become dramatically more efficient – now and for the long term. This new digital solution connects customs officials and traders through an easy-to-use interface and a suite of custom-built tools. We will continue to invest in our digital platforms to bring simplicity, transparency and efficiency to global trade – at customs, and beyond.”

Pradeep Desai, Chief Technology Officer, DP World concluded: “Demand for digital solutions has never been higher and will only keep growing. We are leveraging technology to create value for our customers and help drive growth. CARGOES Customs by DP World is part of the broader CARGOES software suite of products. DP World created CARGOES to solve pressing challenges caused by supply chain related inefficiencies. It’s a holistic solution powered by technology targeting all aspects of global trade including Finance, ERP, Tracking, Terminal Operating System, Customs software and enabling end-to-end logistics. We are excited to provide Logistics as one of our first CARGOES offerings to customers.”

For more information on CARGOES, or to request a demonstration, please visit: https://cargoes.com/logistics

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Maiden’s Mission is to work with, raise funds for and support communities to enable girls into education and empower and support them to remain throughout their teenage years to reach their full potential and create better futures for all

DP World’s ‘One World, Our Future’ strategy prioritises sustainability and impact on the people, communities and environment where they operate and a drive to lead a revolution in coordination – leaving a long-term benefit for the world we live in

Maiden has become a Global Ambassador for the Empowerment of Girls through Education

","boilerplate":"

","description":"

Maiden’s eagerly awaited departure on the 2021-2024 World Tour took place today when the iconic yacht left Dubai to start on her 90,000nm journey, skippered by the legendary Marie-Claude Kieffer Heys and sponsored by the global logistics leader, DP World.

Together with DP World, Maiden and her new crew will build on the successes of the previous World Tour, raising awareness and funds for girls’ education. Engaging with schools, charities, outreach programmes and organisations that are committed to the education of girls through empowering and inspiring girls around the world and changing the narrative around what a girl can achieve.

Never has the education of girls been so important; over 130 million girls are not in education and after the pandemic and conflict around the world, it is estimated that an additional 11 million girls will not return to school or be able to access distance learning opportunities. This will affect the most vulnerable school-aged girls throughout the world, impacting their lives now and in the future. Maiden’s vision is a world where every girl has access to 12 years of quality education; equipping them to choose their future and fulfil their dreams.

After spending six weeks in Dubai, for the next few months Maiden will make her way through the Suez Canal and the Mediterranean, making a few short stops before final preparations in Palma for the Trans-Atlantic to arrive in Florida in April 2022. Maiden will work her way up the East Coast of the USA with stopover hubs in Miami, Palm Beach, Annapolis, New York, Long Island, Boston and Newport. In October 2022 Maiden will return to Antigua before sailing to Dakar, Cape Town and Maputo in the first year.

Commenting on Maiden’s departure Tracy Edwards MBE said “Following the uncertainty of the past few years, it is great to see Maiden and her new all-female crew sailing again and resuming her mission of empowering girls through education. Our partnership with DP World, who’s own vision is for a better, more equitable world focusing on bringing positive change across three legacy areas of Education, Women’s Empowerment and Oceans aligns perfectly with our own goals and we can’t wait to get started!”

During the 2021-2024 World Tour there will also be a focus on encouraging girls into Science, Technology, Engineering, Arts and Mathematics (STEAM) subjects, increasing their life and career choices. Many industries, including Maritime, are facing serious skills shortages and companies like DP World are committed to increasing female representation to bring much needed skills and talent into the workforce.

“We are proud of our partnership with Maiden’s mission to generate funds for female education and to empower them in making dynamic career choices, especially in the fields STEAM). At DP World, creating growth and making others excel are of great importance and we are delighted to be part of this event as we witness the Maiden’s departure with an all-female crew for the new three-year world tour we look forward to prioritising sustainability and impact within communities as part of our commitment to increasing female representation in our industry and beyond.” Added Maha Al Qattan, Group Chief People Officer at DP World.

","pubDate":"Mon, 17 Jan 2022 08:00:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/clients/150_2451.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/clients/150_2451.png?10000","ppImageOriginal":"https://content.presspage.com/clients/150_2451.png?10000","ppImageTitle":"logo"},{"title":"Emirati and international coders to drive the UAE's future","link":"https://www.dpworld.com/news/emirati-and-international-coders-to-drive-the-uaes-future/","guid":"https://www.dpworld.com/news/emirati-and-international-coders-to-drive-the-uaes-future/","caseid":"489483","subtitle":"An essential part of solving challenges in supply chains and beyond will be through technological advancements led by coders, developers, and engineers","boilerplate":"

","description":"

DP World, the leading provider of worldwide smart end-to-end supply chain logistics, has been progressing its initiative to develop the capabilities of Emirati and international coders, developers, and engineers to drive the future of the UAE.

The initiative is part of its overarching strategy to deploy industry-leading technology to broaden its vision of a digitised, more efficient, transparent and resilient post-COVID world trade.

Dr. Mohamed Rahmah, Vice-President, Zodiac, represents DP World in the programme. He said: “The programmers & coders initiative acts as a key driver to tackle major challenges in the world of logistics and trade. Attracting and investing in the future of the UAE's technological advancements means we need to invest, attract and allocate the best global minds”.

DP World's coders are internationally available from South Korea to South America, with technical capabilities from AI, Blockchain to full-stack development and beyond. Innovative technology solutions such as CARGOES IoT+’s Digital Twin that leverage machine learning to simulate and improve the flow of containers through terminals shows the calibre of talent DP World attracts.

Dr. Mohamed Rahmah’s team consists of some of the brightest minds in the industry that focus on smart port and terminal solutions.

With a proven track record of successfully reducing inefficiencies in terminals, Dr. Mohammed Rahmah is well placed to lead this initiative for UAE.

DP World is a pivotal partner of the Government-led initiative to support nationwide efforts to attract a new generation of programmers and coders to the country, in line with the UAE’s growth strategy and the Fifty-Year Charter.

","pubDate":"Thu, 13 Jan 2022 09:33:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"DP World and Senegal Government lay first stone to mark start of construction of Port of Ndayane","link":"https://www.dpworld.com/news/dp-world-and-senegal-government-lay-first-stone-to-mark-start-of-construction-of-port-of-ndayane/","guid":"https://www.dpworld.com/news/dp-world-and-senegal-government-lay-first-stone-to-mark-start-of-construction-of-port-of-ndayane/","caseid":"488439","boilerplate":"

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DP World, the world's leading provider of smart logistics, and the Government of Senegal have laid the first stone to mark the start of the construction of the new Port of Ndayane.

The stone laying ceremony follows the concession agreement signed in December 2020 between DP World and the Government of Senegal to build and operate a new port at Ndayane, about 50 km from the existing Port of Dakar.

The ceremony was attended by His Excellency, Macky Sall, President of the Republic of Senegal, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, as well as a number of Presidents of institutions, members of the Government of Senegal, and local communities.

The investment of more than USD 1 billion in two phases to develop Port Ndayane, is DP World’s largest port investment in Africa to date, and the largest single private investment in the history of Senegal.

His Excellency, Macky Sall, President of the Republic of Senegal, said: “The development of modern, quality port infrastructure is vital for economic development. With the Port of Ndayane, Senegal will have state-of-the-art port infrastructure that will reinforce our country's position as a major trade hub and gateway in West Africa. It will unlock significant economic opportunities for local businesses, create jobs, and increase Senegal’s attractiveness to foreign investors. We are pleased to extend our collaboration with DP World to this project, which has already delivered great results with the operation of the container terminal at the Port of Dakar.”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “Today’s laying of the first stone not only marks the start of construction, but also turning the vision of President Sall, into reality. As the leading enabler of global trade, we will bring all our expertise, technology and capability to this port project, the completion of which will support Senegal’s development over the next century. We thank President Sall, his government, and the Port Authority for the trust and confidence placed in us.”

Phase 1 of the development of the port will include a container terminal with 840m of quay and a new 5km marine channel designed to handle two 336m vessels simultaneously, and capable of handling the largest container vessels in the world. It will increase container handling capacity by 1.2 million Twenty Foot Equivalent Units (TEUs) a year. In phase 2, an additional container quay of 410m will be developed.

DP World’s plans also include the development of an economic/industrial zone next to the port and near the Blaise Diagne International Airport, creating an integrated multimodal transportation, logistics and industrial hub.

","pubDate":"Tue, 04 Jan 2022 12:47:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_ndayane1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_ndayane1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/ndayane1.jpg?10000","ppImageTitle":"ndayane1"},{"title":"World Logistics Passport boosts Malaysia hub as POIC joins the program","link":"https://www.dpworld.com/news/world-logistics-passport-boosts-malaysia-hub/","guid":"https://www.dpworld.com/news/world-logistics-passport-boosts-malaysia-hub/","caseid":"487451","boilerplate":"

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POIC Sabah Sdn Bhd joins the World Logistics Passport (WLP), the world’s first freight program designed to increase trading opportunities between markets and accelerate the flow of global trade. The joining will enhance Malaysia’s access to global markets and strengthen the program in the country and across Asia, offering key businesses unmatched opportunities and direct benefits.

Malaysia is a leading trade hub and a strategic ally to many trading destinations. In 2019, Malaysia recorded $237 bn in exported goods, while imports reached a staggering $207bn. As the POIC joins the WLP as Hub, traders and freight forwarders in Malaysia who join the WLP will have access to benefits offered by the program and its partners, including Johor Port and POIC Sabah Sdn Bhd, which will significantly contribute to reducing time and costs, unlocking potential to facilitate faster flow of trade.

The MoU was signed by Mahmood Al Bastaki, General Manager, WLP and Rose Pun, Head of Marketing and Sales Division, POIC Sabah Sdn Bhd and in the presence of the Honorable Datuk Dr Joachim Gunsalam, Deputy Chief Minister III and Minister of Industrial Development of Sabah, Thomas Logijin, Permanent Secretary, Ministry of Industrial Development (MID) at the Malaysian Pavilion in Expo 2020.

POIC Sabah Sdn Bhd owns and operates POIC Port Lahad Datu which covers the advanced and integrated port facilities and supply chain and logistics infrastructure in the Lombok-Makassar Straits. It comprises a Container Terminal with a capacity to handle 250,000 TEU’s per annum, Dry Bulk Terminal, Liquid Bulk Terminal and a Barge Berth.

Mahmood Al Bastaki, General Manager of the WLP, said: “Malaysia is a strategic partner that brings unmatched benefits to the WLP program. Our previous efforts to bolster the program – such as welcoming the Johor Port – a core part of the Johor Straight shipping infrastructure and today, with POIC Sabah Sdn Bhd, are a testament to the potential to further enhance the WLP offering, bringing true value to businesses, other WLP Partners and Members. POIC’s joining of the WLP is a milestone achievement that reiterates our efforts to enable increased access to trade routes.”

POIC’s recent joining of the World Logistics Passport will go beyond deepening the close trade relations that connects Malaysia to key geographies, but will also provide increased accessibility to international markets, such as Mexico; Malaysia’s fastest growing export market and a WLP Gateway, as well as China, Singapore and the USA.

POIC Sabah Chief Executive Officer Datuk Fredian Gan said: \"WLP’s intentions in increasing trade between emerging markets is the kind of global alliance that fits into our plan of developing POIC Lahad Datu as a regional processing and logistics hub in the eastern region. The WLP hopes to supercharge supply chain development and bridge the gaps between manufacturing hubs that are expanding across emerging markets, particularly in Southeast Asia and Africa,\"

Malaysian traders and freight forwarders will also have the opportunity to boost trade activity across the country, support local companies and create employment opportunities by getting access to a benefit that include fast-tracking of cargo movement, reducing administrative costs, advancing cargo information, and facilitating trade across borders.

The WLP is a global private sector-led initiative designed to smooth the flow of world trade. It operates as an incentive-based loyalty program that rewards traders and freight forwarders for high levels of trade by unlocking market access to new and existing trading routes.

","pubDate":"Wed, 29 Dec 2021 09:41:28 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_cargotrains1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_cargotrains1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cargotrains1.jpg?10000","ppImageTitle":"Cargo trains (1)"},{"title":"Trading appetites: how DP World brings beloved foods to global markets, keeping traditional production and celebrations alive","link":"https://www.dpworld.com/news/trading-appetites-how-dp-world-brings-beloved-foods-to-global-markets/","guid":"https://www.dpworld.com/news/trading-appetites-how-dp-world-brings-beloved-foods-to-global-markets/","caseid":"486528","description":"

Throughout history food has always been a powerful convener – bringing people together over a meal is as old as time itself. In the modern world, trade has been fundamental in introducing people to new and wonderful cuisines and products from far away origins.

From Halloumi to honey, across Europe and Russia, DP World is moving some of the world’s most loved foods, connecting producers to prosperity, and forks to delicious bites.

Food is for more than nourishment, it is an essential expression of the people, land and culture that make it. Nothing can be a better expression of the people of a nation than the traditional foods that have been made using ingredients that naturally grow on that land and perfected over centuries by the people that lived there.

Keeping these traditions alive is important for preserving culture. One of the ways that these traditional crafts can be preserved is through trading with nations around the world – boosting the profitability of making these products by increasing the size of the market.

Cypriot Halloumi, a semi-hard cheese with a hallmark squeaky texture that dates to the Medieval Byzantine period between 400-1200 AD, is a prime example of how trade has preserved a traditional product.

Made of a specific combination of goat and sheep milk, Halloumi has a high melting point which means that it can easily be fried, grilled or barbequed – and can be a mouth-watering vegetarian centre point of a dish.

This year, the European Union awarded the product the prized ‘Protected Designation of Origin’ (PDO) status – meaning that a cheese of its kind can only be called ‘Halloumi’ if it is produced in a particular way and only in Cyprus. It protects Halloumi against imitation and misuse of the name across the European Union. Halloumi is also a registered trademark in the United States.

The cheese has quickly grown into a favourite around the world, with the global market for it growing to €224m in 2019 – up by 43% compared to only two years earlier. Dairy makes up approximately a quarter of Cypriot exports, with Halloumi being the single largest dairy product. In fact, the squeaky cheese is Cyprus’ second most valuable export after pharmaceuticals.

DP World Limassol is one of the country’s major handlers of Halloumi shipments, which is also known as Hellim in Turkish and Χαλλούμι (Halloumi) in Greek.

These trading and shipping facilities provide an essential service that makes sure the global consumers can take a bite of the most famous cheese in Cyprus.

And elsewhere in Europe, a food product used across cultures, honey, is being produced in droves in Ukraine. As one of Europe’s largest producers of the sugary-sweet product, the honey industry is an important employer in Ukraine.

Honey is an incredibly versatile ingredient used in products around the world. And with a heritage of beekeeping in Ukraine, the high volume of honey export keeps this traditional industry booming – while also keeping diners around the world satisfied.

Due to the transhipment of honey, DP World TIS Pivdennyi is an important channel connecting the second largest honey producer in the world, Ukraine, with buyers around the globe.

Not only does DP World handle outward shipment, but it also is supporting global food industries to bring their products to Europe – and delicious bites to happy mouths.

For example, 95% of all citrus fruit trade between South Africa and the UK is handled at DP World London Gateway.

Citrus is the largest fruit export of South Africa, and the country is the largest citrus exporter in all of the Southern Hemisphere with 143.3m cartons of it shipped last year – a 13% increase on 2019. The UK buys 9.5% of all citrus exports from South Africa, the country’s second largest market after the Netherlands and ahead of China.

With the different seasons in the UK and South Africa because of one being the Northern Hemisphere and the other the Southern Hemisphere, a flow of lemons, limes and oranges comes to Britain even in the dreary colder months.

This is important to Europeans in the winter as they celebrate festive traditions. Whether for leaving a clementine in a Christmas stocking, or adding candied orange peel to the figgy pudding, the movement and trade of these products is keeping traditions alive – all while also benefitting the citrus groves and growers of South Africa.

And across the English Channel, DP World-owned Unifeeder controls the distribution of bananas from Central America to Norway, Sweden and Finland via our location in Vlissingen in the Netherlands. Unifeeder processes approximately 6000 containers full of bananas each year.

As with any perishable product, freshness and keeping it cold are paramount and there is little room for delay in the shipping process.

In order to ensure that perishable goods are kept in their best condition, our cold chain terminals across Europe have developed efficient solutions to ensure goods are kept at their freshest.

Having a regularly scheduled shipment is key. For example, at Vlissengen, having a planned day for banana delivery is of vital importance for maximising shelf life at grocers.

At DP World Antwerp there are special ‘green lanes’ that prioritise perishable products. These lanes allow for a speedy pick up from local truck drivers to make sure fresh products stay that way. And at DP World London Gateway, state-of-the-art border control facilities help to speed up processing time – and port-centric cold-chain warehousing helps to make the transportation of perishables more efficient, locking in freshness.

Making sure that the right processes, infrastructure and trading lines are in place so that this exchange of food can take place is a high-stakes task. Moving our favourite products between their origin and destination is an important tool of cultural exchange and economic prosperity. Getting it right and facilitating its flow is of essential importance to livelihoods and appetites around the globe.

About DP World:

Follow DP World’s social channels:

Twitter: @DP_World

LinkedIn: DP World

","pubDate":"Fri, 17 Dec 2021 15:56:22 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_orangesincoldstorage.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_orangesincoldstorage.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/orangesincoldstorage.jpg?10000","ppImageTitle":"Oranges in cold storage"},{"title":"DP World India wins four prestigious awards at the CII Scale Awards 2021","link":"https://www.dpworld.com/news/dp-world-india-wins-4-prestigious-awards-at-the--cii-scale-awards-2021/","guid":"https://www.dpworld.com/news/dp-world-india-wins-4-prestigious-awards-at-the--cii-scale-awards-2021/","caseid":"486118","subtitle":"RECOGNISED FOR OVERALL EXCELLENCE IN LOGISTICS AND SUPPLY CHAIN","description":"

The leading provider of smart supply chain solutions, DP World in India has won the Overall Excellence in Supply Chain & Logistics, Best Safety Practices, and Training & Skill Development Awards at the prestigious Confederation of India Industry (CII) Supply Chain & Logistics Excellence (SCALE) Awards 2021.

DP World’s new digital platform CARGOES By DP World has won the Best Technology Solution in Supply Chain award. This recognition is a testament to the company’s commitment to invest in technology, constantly drive innovation, and add new products and solutions to meet the customer's evolving logistics needs.

Rizwan Soomar, CEO & MD, Subcontinent, DP World said: “We are very happy to win across multiple categories at the prestigious CII SCALE Awards. These awards recognise our capabilities in Supply Chain & Logistics, end-to-end Digital Solutions, Safety Management, and Training & Skill Development. We are particularly pleased that CARGOES By DP World has won the Best Technology Solution in Supply Chain award in a very competitive digital platform landscape. This award aptly recognises our commitment towards setting new benchmarks in providing end-to-end supply chain solutions enabled by the best-in-class digital solutions.

Our customers, partners and our people have contributed immensely towards our success. We will continue building upon these successes to meet the ever-evolving needs of our customers. I thank our customers for their trust, our stakeholders for their constant support and feedback, and our people for their unwavering devotion towards excellence.”

CARGOES By DP World is a holistic solution powered by technology targeting all aspects of global trade including, Finance, ERP, Tracking, Terminal Operating System, Customs software, and enabling end-to-end logistics. DP World has recently launched CARGOES Logistics, a single-window digital solution designed to provide an end-to-end digital experience through smart enablement of IoT-based solutions. Customers can choose from multimodal logistics options, ship freight by sea, road, and/or rail, get instant quotes, swift booking confirmation, an all-inclusive price, and multiple secure payment options in three simple steps – Search, Choose & Book. The solution offers easy and swift cargo booking from origin to destination along with deep tracking of the cargo with real-time insights, end-to-end visibility, and predictability.

The Overall Excellence Award recognizes DP World’s ability to offer bespoke integrated solutions, with a key focus on Safety and Skill Development. The company has built an extensive portfolio that caters to the end-to-end supply chain needs of customers across all kinds of storage, all modes of transportation, and all types of bulk, domestic, EXIM, and temperature-controlled cargoes.

The CII SCALE Awards are extremely prestigious in the Supply Chain & Logistics industry in India. This year over 140 companies participated in these awards. DP World is the only company that has won awards across four categories.

","pubDate":"Tue, 14 Dec 2021 09:14:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"Uzbekistan and DP World sign framework agreement for strategic trade and digital partnerships","link":"https://www.dpworld.com/news/uzbekistan-and-dp-world-sign-framework-agreement-for-strategic-trade-and-digital-partnerships/","guid":"https://www.dpworld.com/news/uzbekistan-and-dp-world-sign-framework-agreement-for-strategic-trade-and-digital-partnerships/","caseid":"486108","subtitle":"Uzbekistan’s Ministry of Investments and Foreign Trade signs Framework agreement with DP World for a strategic partnership to develop the country’s trade networks and boost international trade","description":"

Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, DP World signed a Framework Agreement that will enable it to expand its presence in Uzbekistan, boosting global trade flow and supporting the development of digital infrastructure.

The Framework Agreement was signed by Shukhrat Vafaev, Deputy Minister of Investments and Foreign Trade, Republic of Uzbekistan DP World’s Chairman, Sultan bin Ahmed Sulayem, in the presence of Sardor Umurzakov, Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan.

The agreement covers a broad areas of cooperation, all which will boost Uzbekistan’s trade networks, and position DP World as a strategic partner in boosting international trade. Prioritising the flow of trade in the country, the agreements include the establishment of a new inland logistics network, supporting the expansion of the Navoi Free Economic Zone (FEZ), and the cargo terminal at Navoi International Airport, launching new consumer e-commerce and fintech platforms in the country, and streamlining customs operations.

DP World will also deploy its advanced Port Community System by CARGOES, to provide stakeholders in trade and logistics with seamless, paperless access to services including dry ports, logistics parks, ICDs, railway stations and depots.

Sultan bin Ahmed Sulayem, Group Chairman and Chief Executive Officer of DP World, said: “DP World is committed to being a strategic partner for Uzbekistan enabling trade. Our agreements signed today will help design and shape a world-class trading ecosystem in the country. The Uzbekistan economy continues to grow at a strong pace, making it an attractive destination for long-term investments.”

“We look forward to working with the Ministry of Investments and Foreign Trade to promote economic growth and prosperity for the people of Uzbekistan, leveraging our capabilities across trading, logistics, infrastructure and digital technology.”

The World Bank is predicting that Uzbekistan’s economy will grow by 5.6% in 2022. The country is Central Asia’s largest consumer market, and a leading exporter of cotton and textile, automotive, fruits and vegetables. With its growing economy driving domestic consumption complemented by demand for exports, the country’s trading ecosystem is set to unlock numerous benefits.

Sardor Umurzakov, Deputy Prime-Minister, Minister of Investments and Foreign Trade of Uzbekistan, said: “Uzbekistan is keen to cooperate with DP World on facilitating the development of logistics sector of the country through implementation of portfolio of projects in key regions of the country.

DP World is a world class ports and free zones operator. Combination of DP World’s experience and capacity with Uzbekistan’s unique geographical location and favorable business environment will boost regional trade and contribute to further improvement of regional connectivity”.

Developing new trade infrastructure

DP World will establish a state-of-the-art, rail-linked and road-linked, inland logistics network offering customers efficient solutions across all major distribution and consumption centers in and around Tashkent. The company will develop a 100-hectare road-and-rail linked greenfield site in Uzbekistan’s recently established Special Economic Zones.

The agreement will see DP World becoming a strategic partner for the growing Navoi FEZ and the connectivity of the Navoi air cargo terminal linking it to major international hubs, leveraging the company’s expertise in developing, owning, and operating the Jebel Ali Free Zone (JAFZA), the world’s largest free zone, in Dubai.

Additionally, DP World will advise and facilitate Uzbekistan Customs streamline processes with its proven expertise and next generation digital solutions to reform and modernize processes, supporting digital transformation of the overall trade facilitation.

New consumer e-commerce and fintech platforms

The MIFT and DP World also agreed for the company to facilitate the development of a consumer e-commerce platform, leveraging its experience from launching DUBUY.com, an e-commerce platform empowering SMEs and microbusinesses to expand their business and penetrate new markets. The company aims to build the most preferred online shopping destination of the region powered by DP World’s cutting-edge technology.

The new e-commerce platform will be complemented with a consumer fintech platform, giving consumers access to finance and banking solutions through their mobile phones. aims to be the payment option of choice for consumers, helping to facilitate faster, cheaper, and reliable P2P payment and lending opportunities. DP World’s investment in a fintech platform for Uzbekistan in cooperation with Abu Dhabi Uzbek Investment.

World Logistics Passport

Uzbekistan had previously joined the WLP as a Gateway earlier this year to boost global trade networks and partnerships. The WLP will bring increased traffic and revenues for Uzbekistani traders, will increase visibility of Uzbekistan to the WLP global network and will boost global connectivity. MIFT will also be on hand to facilitate and support traders in Uzbekistan to register as WLP members.

As a Gateway, Uzbekistan will be able to access the benefits of the WLP when trading via the UAE, where it joins a network of 24 Hub countries and many other Gateways that span Latin America, Asia, the Middle East and Africa. Other countries that are part of the WLP network include India, Kazakhstan, Thailand, Brazil, Senegal, South Africa, the UAE, amongst others.

About DP World:

Follow DP World’s social channels:

Twitter: @DP_World

LinkedIn: DP World

","pubDate":"Tue, 14 Dec 2021 08:17:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_whatsappimage2021-12-14at10.44.59.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_whatsappimage2021-12-14at10.44.59.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/whatsappimage2021-12-14at10.44.59.jpeg?10000","ppImageTitle":"WhatsApp Image 2021-12-14 at 10.44.59"},{"title":"DP World and Democratic Republic of the Congo sign final agreement to develop Banana Port","link":"https://www.dpworld.com/news/dp-world-and-democratic-republic-of-the-congo-sign-final-agreement-to-develop-banana-port/","guid":"https://www.dpworld.com/news/dp-world-and-democratic-republic-of-the-congo-sign-final-agreement-to-develop-banana-port/","caseid":"485936","subtitle":"Construction to start within 12 months","description":"

DP World, the world’s leading provider of smart logistics, and the Government of the Democratic Republic of the Congo (DRC), have signed the Collaboration Agreement for the development of the deep-sea port at Banana.

In the presence of His Excellency, Félix-Antoine Tshisekedi, President of the DRC, the agreement was signed in Kinshasa by Cherubin Okende Senga, Minister of Transport and Communication, Adele Kahinda Mayima, Minister of State for Portfolio, Nicolas Kazadi, Minister of Finance, Aime Boji, Minister of State for Budget, and Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Suhail Al Banna, CEO and MD of Middle East and Africa Region.

The conclusion of the Collaboration Agreement follows the signing of a term sheet earlier this year between DP World and the DRC Government, which summarized the agreed amendments to the initial contract signed in 2018. This now paves the way for DP World to begin construction within 12 months of the DRC’s first deep-sea port, which will be located at Banana along the country’s 37km coastline on the Atlantic Ocean.

The development of the Banana Port will bring significant cost and time savings for the country’s trade, as it will attract more direct calls from larger vessels from Asia and Europe.

It will also directly benefit the Kongo Central province in terms of economic development, as the port will attract foreign direct investment to the surrounding area, and stimulate local trade and the economy.

His Excellency, Félix-Antoine Tshisekedi, President of the DRC, said: “This port will transform the DRC into a trade hub in the region, and in particular, will benefit Kongo Central, a province which already has a port facility, with the creation of jobs, in addition to generating economic benefits and growth for our country.”

Also attending the ceremony, His Excellency, Khalifa Shaheen Almarar, Minister of State of the United Arab Emirates, said: “Development of infrastructure is a priority for the UAE to build trade and economic bridges between the UAE and Africa. This port project is part of many initiatives to promote economic prosperity.”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World said: “This agreement represents the vision of His Excellency, President Tshisekedi, and DP World, to provide the DRC with a modern, world class port and logistics infrastructure to support the tremendous opportunities for trade in this country. The port will enhance the country’s export capabilities and give it affordable access to international markets.”

","pubDate":"Mon, 13 Dec 2021 13:53:55 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_drcagreementsigning.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_drcagreementsigning.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/drcagreementsigning.png?10000","ppImageTitle":"DRC Agreement signing"},{"title":"SailGP unveils first Middle Eastern event as it announces the Dubai Sail Grand Prix Presented by P&O Marinas","link":"https://www.dpworld.com/news/sailgp-unveils-first-middle-eastern-event-as-it-announces-the-dubai-sail-grand-prix-presented-by-po-marinas/","guid":"https://www.dpworld.com/news/sailgp-unveils-first-middle-eastern-event-as-it-announces-the-dubai-sail-grand-prix-presented-by-po-marinas/","caseid":"485700","subtitle":"SailGP is thrilled to announce it will be bringing the world’s most exciting racing on-water to one of the world’s most iconic cities in 2022","description":"

SailGP unveils first Middle Eastern event as it announces the Dubai SailGP Presented by P&O Marinas

SailGP will host its Dubai Sail Grand Prix at Mina Rashid on November 12 and 13 2022, in partnership with P&O Marinas, Dubai Sports Council and Dubai Tourism.

SailGP’s revolutionary F50s will be sailing just minutes away from some of Dubai’s globally recognised attractions at the iconic Mina Rashid.

Dubai is one of the initial seven locations confirmed in the line-up for SailGP Season 3, which has been expanded to include ten events, with seven grands prix taking place in 2022 and the remainder in the first quarter of 2023, with the season expected to finish in April 2023.

The championship kicks-off for the second straight year in Bermuda before heading to Chicago in the United States. Following successful events in Season 2, SailGP will return to Plymouth, UK, in late July, Saint-Tropez, France in September and then later the same month Cádiz, in Andalucía, Spain. There will be a new event in the Danish capital of Copenhagen, racing for 2022 will conclude in Dubai. As part of a new four year deal the season will continue in New Zealand in 2023.

As it once again brings sailing’s best roster of athletes together, SailGP is also set to welcome two new franchise teams for its third season. Canada and Switzerland are new additions, joining the existing teams from Australia, Denmark, France, Great Britain, Japan, New Zealand, Spain and the United States.

SailGP CEO Russell Coutts said: “SailGP is delighted to make history in Dubai with our first ever Middle Eastern event at the P&O Marina at Mina Rashid. We are confident this is the beginning of a long and prosperous partnership as our championship continues to expand its global calendar of events in its third season. We are sure local crowds will be enthralled with our unique and world-leading racing featuring the sport’s best athletes.”

Hamza Mustafa, Chief Operating Officer of P&O Marinas said: “The Dubai Sail Grand Prix is a perfect event to develop and promote Mina Rashid Marina and Dubai as a comprehensive maritime hub and a global destination for marine tourism for yachting and sailing enthusiasts, superyacht owners & captains, and lifestyle audiences. Hosting SailGP is a big achievement for Mina Rashid Marina, which will enable us to show to the world the destination, including a state-of-art berth infrastructure and related hospitality facilities. These facilities are perfect to welcome such an outstanding international sailing event.”

Ahmed Al Khaja, CEO, Dubai Festivals and Retail Establishment (DFRE) said: “As we head into 2022, Dubai is making history yet again as the first city in the Middle East to host the world’s most exciting racing on-water with the Dubai Sail Grand Prix, in partnership with P&O Marinas, Dubai Sports Council and Dubai Tourism. With its world-class infrastructure, picturesque coastline, luxury marinas and diverse destination experiences, Dubai has emerged as a global yacht tourism destination and so we are delighted to highlight this unique maritime event as part of the Dubai Calendar listings and look forward to welcoming the teams for the SailGP Season 3 offering sailing fans yet another iconic global racing competition.”

As the first climate positive sports and entertainment property, SailGP will continue to push boundaries in the global event industry and its ‘Race for the Future’. Since its inception in 2019, SailGP has been measuring, reducing and contributing its entire carbon footprint and has set an ambitious target of 55 per cent reduction of its carbon footprint – based on science – by 2025, as well as committing to being fully powered by nature by 2025 on shore and on the water. This also highlights P&O Marinas’ continuous commitment to promote sustainability, clean oceans and inclusivity.

As part of SailGP’s better sport strategy, diversity and inclusion will also be a continued focus during Season 3. This includes giving opportunities to female athletes as part of its Women’s Pathway Program to accelerate inclusion within the sport and inspire change.

For more information about SailGP, visit SailGP.com.

ABOUT SAILGP

SailGP races for a better future, championing a world powered by nature. The world’s most exciting race on water, SailGP features national teams battling in short, intense races at iconic stadium-style venues across the globe, building to the grand final – and sailing’s top prize of US$1 million. The high-tech, high-speed action features sailing’s best athletes racing in identical hydro foiling F50 catamarans, flying at speeds approaching 100 km/h.

About P&O Marinas

P&O Marinas is a DP World company established to develop world-class locations for the mooring of yachts and the hospitality of their owners, captains, guests and the local residents.

After the successful experience of Mina Rashid Marina (Dubai, UAE) where the company offers berths for some of the world’s largest yachts, P&O Marinas extended its management and operations to four marinas in Dubai.

SailGP Season 3 Schedule 2022-2023*

May 14-15 Bermuda Sail Grand Prix presented by Hamilton Princess
June 18-19 United States Sail Grand Prix at Chicago Navy Pier
July 30-31 Great Britain Sail Grand Prix | Plymouth
August 19-20 ROCKWOOL Denmark Sail Grand Prix | Copenhagen
September 10-11 France Sail Grand Prix | Saint-Tropez
September 24-25 Spain Sail Grand Prix | Andalucía - Cádiz
November 12-13 Dubai Sail Grand Prix presented by P&O Marinas | Dubai
2023 New Zealand Sail Grand Prix | Christchurch

*Further events will be announced to complete Season 3, which will conclude April 2023 and is expected to comprise at least ten events.

","pubDate":"Thu, 09 Dec 2021 12:24:41 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_-ete9176.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_-ete9176.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/-ete9176.jpg?10000","ppImageTitle":"_ETE9176"},{"title":"Emergent Cold Latin America and DP World Announce Development Partnership","link":"https://www.dpworld.com/news/emergent-cold-latin-america-and-dp-world--announce-development-partnership/","guid":"https://www.dpworld.com/news/emergent-cold-latin-america-and-dp-world--announce-development-partnership/","caseid":"485665","boilerplate":"

About DP World

\n\n

\n","description":"

Emergent Cold Latin America (Emergent LatAm), Latin America’s newest temperature-controlled warehousing and logistics provider, and DP World, a global logistics company and one of the world’s largest marine terminal operators, announced their intention to partner on the development of two temperature-controlled logistics facilities within DP World Logistics Parks in Latin America. These developments will provide Emergent Cold LatAm and DP World customers with a fully integrated supply chain solution.

The developments will be focused on two locations:

DP World Caucedo (Dominican Republic) is a world-class Logistics Hub and free trade zone located in Punta Caucedo, near the city of Santo Domingo. Caucedo is the newest and most modern port on the island, and a gateway for the Caribbean food trade.
Duran Logistics Center (Ecuador) began operations in September 2020 as part of a large investment in this important global trade market. Ecuador’s main export commodities include shrimp and bananas.

The parties have also committed to explore development activities in other DP World locations in Latin America to enhance their service offerings and further establish a cold-chain footprint.

“This partnership in these locations is an important step forward in our vision to build the highest quality cold storage network in Latin America” said Neal Rider, CEO of Emergent Cold LatAm. “DP World is a major player in the region, and we share a commitment to growth in the global food trade. We look forward to working with DP World in delivering a more integrated solution to our customers in their locations.”

“Partnering with Emergent Cold Latam allows us to jointly integrate the refrigerated supply chain of our customer’s and provide logistics solutions that simplify their supply chain.” said Matthew Leech, CEO and Managing Director of DP World Americas Region. “Emergent Cold LaTAm fits perfectly with DP World’s Logistics service vision and strategy across the Latam region, enabling trade and expanding our logistics offerings.”

About Emergent Cold Latin America

Emergent Cold Latin America (www.emergentcoldlatam.com) is building the highest quality cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. The Company was founded to fill a need for modern cold-chain solutions within the market and to serve the increasing demand from domestic and global trade customers.

","pubDate":"Thu, 09 Dec 2021 09:10:46 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"Limassol Dramatically Improves Efficiency With New Terminal Operating System","link":"https://www.dpworld.com/news/limassol-dramatically-improves-efficiency-with-new-terminal-operating-system/","guid":"https://www.dpworld.com/news/limassol-dramatically-improves-efficiency-with-new-terminal-operating-system/","caseid":"485407","boilerplate":"

DP World is a leading enabler of global trade and an integral part of the supply chain.

\n\n

We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.

\n\n

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.

\n","description":"

DP World, the leading provider of smart supply chain solutions, today announced CARGOES By DP World - a suite of enterprise solutions for the world of logistics and trade - has completed the implementation of its TOS+ solution in the Port of Limassol, Cyprus.

CARGOES TOS+ provides ports with a feature-rich library of Terminal Operating solutions from documentation and billing management to consolidation and de-consolidation of cargo and more. CARGOES TOS+ is part of the broader CARGOES suite of software, enabling the future of modern smart logistics, globally. CARGOES TOS+ supports integrations with a variety of third parties and is available on 70% of DP World’s ports.

CARGOES TOS+ replaces the previous bulk and container solutions at the terminal. It is now handling container, general cargo and roll-on/roll-off (RoRo) activity. During a trial where the old system and the new DP World solution were run concurrently, there was a large drop in radio chatter as equipment operators switched to devices for receiving instructions, resulting in increased productivity. During the testing process, the results outperformed expectations finishing a full week ahead of schedule.

Nawaf Abdulla, CEO, DP World Limassol, said: “The transition to CARGOES TOS+ showcases the real-world potential of technology for enabling the future of smarter, more efficient and effective supply chains. Moving to an entirely cloud-based solution enables greater flexibility and fluidity during a time of immense pressure for the industry. DP World Limassol is the first terminal in the group to upgrade its software to the latest version of Cargoes TOS+ and General Cargo (GC+) cloud modules.”

“CARGOES TOS+ will suggest predictive maintenance to reduce operating costs, improve productivity by identifying bottlenecks, and optimise the terminal’s operational fleets and resource usage. These are great achievements for the team here in Limassol and we look forward to introducing further CARGOES features and automations that our customers and users can benefit from.”

For more information on CARGOES, or to request a demonstration, please visit: https://cargoes.com/supply-chain-management

About CARGOES By DP World

\"A Suite Of Enterprise Services And Products For The World Of Logistics & Trade\"

If there is an issue you need to solve, we're ready to hear from you. Together, we can make trade better.

","pubDate":"Wed, 08 Dec 2021 11:07:55 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_craneworkingonvesselatlimassolport.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_craneworkingonvesselatlimassolport.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/craneworkingonvesselatlimassolport.jpg?10000","ppImageTitle":"Crane working on vessel at Limassol port"},{"title":"DP World Chile certified as using 100% renewable energy","link":"https://www.dpworld.com/news/dp-world-chile-certified-as-using-100-renewable-energy/","guid":"https://www.dpworld.com/news/dp-world-chile-certified-as-using-100-renewable-energy/","caseid":"485413","boilerplate":"

DP World is a leading enabler of global trade and an integral part of the supply chain.

\n\n

We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.

\n\n

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.

\n","description":"

Our team at DP World Chile has secured the first renewable energy certification for a port operator in South America, a major milestone both for the facility, and our goals of becoming carbon-neutral by 2050.

The certification — endorsed by Ernst and Young — was awarded by the Chilean energy firm Colbun, who concluded that DP World Chile uses 100% renewable electrical energy across its ports. The DP World team worked with the energy group ENEL for over a year, to obtain this certification, and had to showcase how 100% of the port’s electricity comes from the hydro-electric plants across the two terminals.

DP World is already at the forefront of renewable energy innovation, and this is a key pillar for our global vision. For example, in 2019 our London Gateway terminal moved to a 100% green-source Wof energy, to power its operations.

Other DP World ports and terminals in Chile are following close behind. For instance, 54% of the total energy used at our San Antonio port is hydro-electric energy, thereby renewable, and 30% of the total energy used at Lirquen is also hydro-electric energy.

Curtis Doiron, CEO, DP World Chile, explained: “We are proud of having received the first certification of this kind given to a Port Operator in Chile. This certification implies that we are not only reducing the carbon footprint in our operation, but that we are reducing the footprint on all import and export cargoes that use our terminals.\"

He continues: “Optimising the electrical grid on the terminal is another way of reducing our carbon footprint. This certificate allows us to firmly move towards one of DP World’s worldwide objective, seeking to be carbon neutral by 2050. This important step has been very well received by our customers, particularly shipping lines and fruit exporters.”

","pubDate":"Tue, 07 Dec 2021 15:02:36 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/2.jpg?10000","ppImageTitle":"2"},{"title":"Tradewind Partners With CARGOES Finance By DP World To Bridge The Trade Finance Gap","link":"https://www.dpworld.com/news/tradewind-partners-with-cargoes-finance/","guid":"https://www.dpworld.com/news/tradewind-partners-with-cargoes-finance/","caseid":"485395","boilerplate":"

DP World is a leading enabler of global trade and an integral part of the supply chain.

\n\n

We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.

\n\n

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.

\n","description":"

DP World, the leading provider of smart supply chain solutions, today announced a partnership between CARGOES Finance By DP World and Germany-based trade finance group Tradewind Finance to provide working capital solutions to companies looking for trade finance.

CARGOES Finance By DP World is a fintech platform that brings together importers, exporters and logistics companies around the world who want to borrow from financial institutions. It gives lenders access to data on cargo borrowers' movements so they can lend with confidence and help the industry bridge the 1.5 trillion-dollar trade finance gap.

DP World customers that own cargo and beyond will now be able to apply for Tradewind’s export factoring product and more on CARGOES Finance, that ultimately opens a new revenue stream for Tradewind to scale their business, provide them access to trade data to better risk analysis and mitigation, as well as visibility on underlying trade.

Sinan Ozcan, Senior Executive Officer, DP World Financial Services Limited, said: “Trade Finance is not as accessible as it should be, particularly for millions of small to medium-sized businesses. Resolving this issue is critical for all participants in the Trade Finance industry. The sector accounts for an important portion of global GDP, so its performance affects the world economy. Our partnership with Tradewind will further help our mission to level the playing field for exporters, importers, and logistics companies, and help them grow their contribution to global trade.”

The collaboration allows for access to scarce working capital, especially for small to medium-sized enterprises that handle almost 50 percent of global trade. Both institutions aim to enable trade on a global scale. Access to liquidity is imperative for the growth and stability throughout the supply chain, particularly for small and medium enterprises, who, despite making up for the bulk of the global economy, remain significantly underserved and are perceived to be riskier from a traditional banking perspective due to lack of visibility on the underlying trade.

Tradewind Finance has offices strategically located in over 14 countries, providing an extensive array of finance offerings including export factoring and supply chain finance solutions. Companies seeking finance will have an easier reach to Tradewind via CARGOES Finance. Aligned to major trade corridors, Tradewind will provide liquidity to buyers requiring increased payment terms and suppliers wishing to receive their payments earlier.

Peter Maerevoet, Senior Executive Officer, Tradewind Middle East Limited and CEO Tradewind Asia, said: “We’re delighted to embark on this program with CARGOES Finance by DP World. Both groups are aligned on their desire to promote and enable global trade, and such a formidable partnership will allow us to safely distribute cost-effective capital to manufacturers and traders requiring financial support, while DP World fulfills its objective to enable global trade through digital innovation.

“Partnering with a behemoth such as DP World Group will provide greater visibility to everyone along the supply chain, and will facilitate global trade at a greater pace. Such collaboration will not just provide trade and credit risk support, but will also provide visibility all along the supply chain to Tradewind when the transactions are funded, mitigating potential risks from the funder’s side.”

For more information on CARGOES Finance By DP World, or to request a demonstration, please visit: https://cargoes.com/finance

Financial services offered on the CARGOES Finance By DP World platform are provided by DP World Financial Services Limited, which is regulated by the DFSA.

About Tradewind

Tradewind Middle East Limited (“Tradewind”) is a private company, limited by shares incorporated under the laws of the Dubai International Financial Centre (the “DIFC”) under registration no. CL1846 and having its office at N1903, Emirates Financial Towers, DIFC, Dubai, United Arab Emirates. Tradewind is authorized and regulated by the Dubai Financial Services Authority (the “DFSA”) under firm no. F002467.

Tradewind Finance, headquartered in Germany, maintains a seasoned workforce of over 170 employees and a global network of offices, including Bangladesh, Brazil, Bulgaria, China, Hong Kong, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and the USA. Since its inception 20 years ago, Tradewind Finance has contributed to driving global trade by providing practical, trade-based liquidity management solutions to small and medium enterprises. Tradewind Finance entered the UAE market in 2015 and is committed to providing innovative receivables finance solutions designed to meet individual business needs. With a strong reputation for quality service and global capability, the company offers scalable funding and financing options to businesses looking to diversify their borrowing sources.

About CARGOES By DP World

\"A Suite Of Enterprise Services And Products For The World Of Logistics & Trade\"

If there is an issue you need to solve, we're ready to hear from you. Together, we can make trade better.

About CARGOES Finance By DP World

Financial services offered on the CARGOES Finance By DP World Platform are associated with CARGOES by DP World (A suite of enterprise services and products for the world of logistics and trade) and provided by DP World Financial Services Limited. DP World Financial Services Limited is a company registered under the Dubai International Financial Centre (DIFC) and regulated by Dubai Financial Services Authority (DFSA).

","pubDate":"Tue, 07 Dec 2021 12:46:59 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_finance-bannerimage.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_finance-bannerimage.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/finance-bannerimage.jpg?10000","ppImageTitle":"Finance_Banner image"},{"title":"DP World celebrates 2,000 members of the Digital Freight Alliance","link":"https://www.dpworld.com/news/dp-world-celebrates-2000-members-of-the-digital-freight-alliance/","guid":"https://www.dpworld.com/news/dp-world-celebrates-2000-members-of-the-digital-freight-alliance/","caseid":"484472","boilerplate":"

DP World is a leading enabler of global trade and an integral part of the supply chain.

\n\n

We operate multiple yet related businesses – from marine and inland terminals, maritime services, logistics and ancillary services, to technology-driven trade solutions.

\n\n

By thinking ahead, foreseeing change and innovating, DP World aims to create the most productive, efficient and safe trade solutions globally.

\n","description":"

The Digital Freight Alliance from DP World celebrates its 2,000^th member
Rapid growth with 1,000 members in less than a year attests to surging interest

DP World, the leading provider of smart supply chain solutions, today announced that its independent freight forwarding membership network, the Digital Freight Alliance (DFA), has hit the 2,000 mark in its rapid expansion of members since its foundation in 2020.

Digital Freight Alliance members benefit from a suite of web-based logistics and supply chain tools, which help to save time and money. Members also have access to a global freight forwarding network that allows them to expand opportunities for their business and meet freight partners globally with coverage currently extending to over 190 countries.

Through networking, members can help each other understand the market and how to approach customers with more certainty. Membership offers the opportunity to increase sales online by using its Logistics Explorer rate management solution. With a dedicated Account Manager to promote their services even more, members can get access to cutting-edge web-tools for digital logistics transformation.

Payment protection for members offers peace of mind for transportation transactions between members, delivering industry leading compensation lead times. The DFA will be introducing a further range of products related to trade finance and container leasing in 2022.

Mike Bhaskaran, Chief Operating Officer, Logistics and Technology, DP World said: “This announcement is a testament to the success of our ongoing commitment to enabling freight forwarders worldwide to prosper during difficult times. The alliance is the ultimate ecosystem of applications, sharpening logistics workflows featuring shipping schedules, point-to-point cargo tracking, online quotations, paperwork automation, smart booking management and much more. Demand for digital solutions has never been higher and will only keep growing. We are leveraging technology to create value for our customers and help drive growth.\"

Jaydeep Mehta, Director, Mehta Brothers Freight Forwarders Pvt. Ltd, spoke of the company’s membership of the Digital Freight Alliance: “We chose to be part of the Digital Freight Alliance as it presented a good opportunity for mutual and beneficial growth, and our incorporation was very smooth. Our alliance with the DFA is only for a year but I would certainly extend this partnership long into the future because of the transparency it brings to our business.”

For more information visit df-alliance.com.

","pubDate":"Tue, 30 Nov 2021 11:59:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_cargoship-2.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_cargoship-2.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cargoship-2.jpg?10000","ppImageTitle":"Cargo ship"},{"title":"DP World helps deliver millions of Covid-19 vaccines to the Dominican Republic","link":"https://www.dpworld.com/news/dp-world-helps-deliver-millions-of-covid-19-vaccines-to-the-dominican-republic/","guid":"https://www.dpworld.com/news/dp-world-helps-deliver-millions-of-covid-19-vaccines-to-the-dominican-republic/","caseid":"482562","boilerplate":"

We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.
\n
\nWe deliver these services through an interconnected global network of 148 business units in 60 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.
\n
\nOur dedicated, diverse and professional team of more than 54,620 employees from 137 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.
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\nWe think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

\n","description":"

More than 8 million vaccine doses imported since March 2021.
5 ventilators donated to hospitals and healthcare services.
Two vaccination clinics set up for local community and staff.
More than 2,500 local residents double vaccinated.
80 percent of 1,400 DP World staff double vaccinated.

DP World, the leading provider of global supply chain solutions, has helped secure the delivery of more than 8 million Covid-19 vaccine doses to the Dominican Republic. Working in close collaboration with the government, staff at DP World Caucedo, our world-class marine terminal and economic zone near Santo Domingo, played a key role in procuring the vaccines. The first doses began arriving at the port in March this year.

DP World Caucedo has been able to remain operational throughout the pandemic, providing a lifeline to the country by ensuring critical healthcare supplies and essential goods could continue to be move despite the government being forced to implement a nationwide curfew. As well as supplying the Dominican Republic DP World Caucedo kept goods flowing in the wider Caribbean as a major hub for the region. Extensive logistics facilities in the economic zone, including temperature-controlled warehouse facilities and goods vehicles, enabled vaccine doses to be safety stored and then distributed around the country.

Staff at DP World Caucedo, the only economic zone within a port in the Dominican Republic, also took an active role in assisting with the vaccination programme itself. They established two clinics to allow local communities and employees to receive the vaccine. DP World also donated funds for the purchase of masks, personal protective equipment (PPE) and 5 much-needed ventilators. To date, around 80 percent of Caucedo's 1,400 staff have been double vaccinated, along with more than 2,500 local residents. According to the most recent data from Reuters, over 10,841,000 doses of vaccine have now been administered nationwide.

Morten Johansen CEO of DP World Caucedo said: \"DP World provided financial support together with other private sector companies in the Dominican Republic to secure millions of vaccines for the country. The first doses started to arrive in March this year, and we have continued to collaborate with the government on this.

\"Being an island nation, it has been extremely important that DP World Caucedo was able to keep operating during the pandemic to allow critical supplies into the country. We put plans in place to set up a vaccination clinic within our facility for our own employees, as well as one just outside the port for the local community.

“All the administration and processes for signing people up to get vaccinated at the two clinics was handled by volunteers from our staff. We’ve been very successful in vaccinating both the local community and the trucker community that comes in and out of the port here on a daily basis.”

","pubDate":"Wed, 17 Nov 2021 14:06:57 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_female-staff-in-safety-gear-at-caucedo-terminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_female-staff-in-safety-gear-at-caucedo-terminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/female-staff-in-safety-gear-at-caucedo-terminal.jpg?10000","ppImageTitle":"Female_staff_in_safety_gear_at_Caucedo_terminal"},{"title":"Leading ports and terminals tech solutions revealed at Expo 2020","link":"https://www.dpworld.com/news/leading-ports-terminals-tech-solutions-revealed-at-expo-2020/","guid":"https://www.dpworld.com/news/leading-ports-terminals-tech-solutions-revealed-at-expo-2020/","caseid":"481971","description":"

70% of DP World terminals use this performing tech

CARGOES Digital Trade Flow event reveals leading terminal technology

The CARGOES team of DP World, the leading provider of worldwide smart end-to-end supply chain logistics, announced their new category, Ports and Terminals solutions, at the CARGOES Digital Trade Flow event, in Dubai.

For now, CARGOES Ports and Terminals solutions will focus on four key sub-categories IOT+, AVA+, GC+, and TOS+ that will house different products. CARGOES Ports and Terminals solution TOS+ supports integrations and is available in 70% of DP World's ports and other existing port software for advanced process automation. The company has an interconnected global network of 190 business units in 68 countries across six continents, with a significant presence both in high-growth and mature markets.

Dr. Mohamed Rahmah, Vice President – Zodiac, said: \"We are one of the key smart solutions technology players in the ports and terminals industry. Today, I can proudly say that we are the most advanced ports and terminals solutions provider. We’ve made several comparisons over the years, and there is a major gap between our solutions and others. To be honest, we found that we are more advanced in the way we use and apply future technologies to real-life terminal scenarios”. The CARGOES Digital Trade Flow event was held on Wednesday, 10th November at DP World’s pavilion, Expo 2020 Dubai.

IOT+'s Digital Twin solution was the highlight of the event. Digital Twin provides terminals with a 3D digital replica of the terminal environment, or 'Digital Twin', gives operations staff access to highly accurate real-time simulations of physical objects and their processes.

The improved situational awareness and transparency offered by CARGOES IOT+ Digital Twin can be used for management, real-time monitoring, maintenance, security and safety, as well as data-driven performance insights for further efficiency optimisations and greater resource utilisation.

The historical data accumulated from tracking terminal activities is where the magic begins – where real-time data is leveraged to create smart predictions and actionable improvement recommendations by leveraging machine learning and artificial intelligence.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: \"I am really proud to see my team launch CARGOES Ports & Terminals solutions which has been developed by our own DP World team. I enjoyed talking with the team at the DP World Flow Pavilion and engaging with our valued customers and partners.

“Digital technology in our business is crucial. If the cargo does not reach the customer, it's a problem, and this is why we have invested $4 billion in technology since 2016. CARGOES Ports & Terminals solutions are easy to implement because it is cloud-based and scalable. Our goal, to get cargo faster to customers.

“DP World was solely seen as a port operator, our role, within the port. But this created risk for us as accountability was a grey area. Hence, we decided to redefine our role 'from the factory floor, to the customer's door'. We will not necessarily replicate every part of the supply chain, but at least we will be involved, take charge and add value.

“Today we are a smart logistics and trade company, ready to provide the most advanced physical and technological solutions”.

Most information provided by ports is non-digital, and interactions have to be performed manually. Digital Twin solutions are one of the core technologies in the increasing digitalisation of smart ports worldwide, and CARGOES Ports and Terminals Solutions aims to be at the forefront.

The Digital Trade Flow event also presented the other sub-categories AVA+, Advanced Video Analytics, which provides terminals with image recognition solutions to ID container information, damage and more; GC+, General Cargo SaaS within a single-window solution; and TOS+, the foundational Terminal Operating System products suite that provides operations and planning, billing and more.

DP World has been creating new tech solutions that help trade move around the world, and now regards itself as a tech company, as much as a global trade enabler. The company’s industry-leading technology team has been very active in digitising the global supply chain.

To learn more CARGOES Ports & Terminals solutions, visit our website cargoes.com.

","pubDate":"Tue, 16 Nov 2021 08:45:07 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dsc09921.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dsc09921.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dsc09921.jpg?10000","ppImageTitle":"DSC09921"},{"title":"European Tour to become the DP World Tour from 2022","link":"https://www.dpworld.com/news/european-tour-to-become-the-dp-world-tour-from-2022/","guid":"https://www.dpworld.com/news/european-tour-to-become-the-dp-world-tour-from-2022/","caseid":"481395","description":"

Ground-breaking partnership signals a new era in the Tour’s history
Significant commitment will elevate the Tour ‘in every way’, including new minimum $2million prize fund for each tournament
The partnership will help grow global golf and drive positive community impact

The European Tour group and DP World today jointly announced a ground-breaking evolution to their long-term partnership, with DP World becoming the new title sponsor of the group’s main tour from the start of the 2022 season.

The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will celebrate its 50^th anniversary in 2022, the first season of the newly named DP World Tour.

Today’s announcement represents a significant deal in terms of global sports partnerships, with DP World’s substantial commitment dedicated to three key areas: elevating the Tour in every way, growing the game of golf globally, and driving positive community impact.

The new look DP World Tour will see total prize money break through the $200 million mark for the first time, with a new minimum prize fund of $2 million for all tournaments solely sanctioned by the DP World Tour.

In 2022, the DP World Tour will represent a truly global tour through an international schedule, that will feature a minimum of 47 tournaments in 27 different countries, including new tournaments in the UAE, Japan, South Africa and Belgium and an expanded Rolex Series comprising five events: the Abu Dhabi HSBC Championship, the Slync.io Dubai Desert Classic, the Genesis Scottish Open, the BMW PGA Championship and the season-ending DP World Tour Championship.

For the first time, it will also feature three tournaments co-sanctioned with the PGA TOUR - the aforementioned Genesis Scottish Open, as well as the Barbasol Championship and the Barracuda Championship taking place in the United States – as a result of the Strategic Alliance between male professional golf’s two leading Tours.

The European Tour and DP World were both established in 1972 and have since developed into global enterprises with DP World, which is headquartered in Dubai, evolving into the leading provider of global smart end-to-end supply chain and logistics solutions.

DP World’s association with the European Tour spans more than a decade, first becoming a presenting partner of the European Tour’s Race to Dubai finale at Jumeirah Golf Estates in its inaugural year in 2009, before the Rolex Series event was renamed the DP World Tour Championship in 2012. It was in this year that DP World became the tournament’s title partner.

DP World then became an Official Partner of the European Tour in 2015, and they will now become the Official Title Partner of the Tour from the start of the 2022 season, which begins with the Joburg Open in South Africa, from November 22-25.

Keith Pelley, Chief Executive of the European Tour group, said: “Today’s announcement is undoubtedly a momentous one in the proud history of our Tour. The launch of the DP World Tour in 2022, coinciding with both of our 50th anniversaries, will herald a new era in global golf, and crucially it will benefit everybody involved – all our players, caddies, fans and partners – as well as making an important contribution to wider society.

“The entire ecosystem of our Tour will be strengthened because of this hugely significant deal, and that was essential to us and to DP World, who have been an incredible supporter of our Tour as well as golf more widely, from grassroots through to the elite professional game.

“The DP World Tour is, therefore, a natural evolution of our decade-long partnership, and the presence of ‘World’ in our new title better reflects our global reach.”

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “DP World has been a partner of the European Tour for over a decade. Our long-standing partnership has provided an excellent platform to engage with customers, prospects, and stakeholders, and build our brand. We have relished the opportunity to support the Tour in growing the game of golf and improving access to the sport at all levels. The key to this success has been and will continue to be the shared vision and values that underpin the partnership.

“We both have a global mindset, are committed to inclusivity, and invest in new technologies to stay competitive – attributes which today become the fundamental principles of the DP World Tour. As the leading provider of smart logistics solutions worldwide, we will use our people, assets, and connectivity to help grow the Tour further and change what’s possible in golf.”

Jay Monahan, Commissioner of the PGA TOUR and Board Member of the European Tour, added; “Thanks to the support of long-standing partner DP World, today’s announcement significantly elevates the European Tour on a global basis. We are excited for the continued growth and evolution of the European Tour, as well as the momentum this provides toward our Strategic Alliance. I’ve said before that our respective Tours are positioned to grow – together – over the next 10 years faster than we ever have at any point in our existence, and today’s announcement is another point of proof in those efforts.”

DP World’s Tour title partnership will help enhance the following key areas:

ELEVATE THE TOUR IN EVERY WAY

Biggest prize fund in European Tour history: Overall prize funds in 2022 will be more than US$140 million for all tournaments outside the Majors and World Golf Championships, outstripping the previous all-time pre-pandemic high of US$130 million in 2019. Including the Majors and WGCs, the total prize fund on the 2022 DP World Tour will exceed US$200 million, benefitting all tournaments and all members across all categories.
New US$2 million minimum tournament prize fund: For the first time, every tournament solely sanctioned by the DP World Tour will have a minimum prize fund of at least US$2 million, ensuring that all members benefit from this boosted investment.
A record US$10 million prize fund for the 2022 DP World Tour Championship: This will make the season finale – the final Rolex Series tournament of 2022 – the first European Tour event in history outside the Majors and WGCs to feature an eight-figure prize fund.
A full and comprehensive 12 month schedule: The DP World Tour’s International Schedule for 2022 was also unveiled today and can be accessed by clicking here. It features a minimum of 47 tournaments across 27 different countries from November 2021 to November 2022.

HELP TO GROW THE GAME GLOBALLY

A significant investment in the Challenge Tour: To elevate prize funds and increase playing opportunities, as well as improving the overall infrastructure of events.
Establish the annual John Jacobs Bursary Award: Supporting the top five players on the Challenge Tour Rankings at the end of the Rolex Challenge Tour Grand Final supported by The R&A with their travel and expenses the following year on the DP World Tour.
A commitment to grassroots golf: Promoting golf at all levels in the countries we play in, including the UAE, where the DP World Tour will work closely with the current grassroots programme.

DRIVE POSITIVE COMMUNITY IMPACT

Expansion of the Tour’s ‘Golf for Good’ overarching CSR initiative: Focused on supporting good causes and the communities where the Tour plays; sustainability; diversity, inclusion and health benefits of golf.
Support of Charitable Initiatives and Disability Golf: Such as UNICEF’s COVAX Programme and EDGA European Tour.
Continued collaboration with the women’s game: including support of mixed events such as the ISPS Handa World Invitational and Scandinavian Mixed.

","pubDate":"Tue, 09 Nov 2021 06:42:00 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dpwt-launch-1920x1080.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dpwt-launch-1920x1080.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dpwt-launch-1920x1080.jpg?10000","ppImageTitle":"DPWT_Launch_1920x1080"},{"title":"Indonesia Investment Authority and DP World partner to invest $7.5 billion","link":"https://www.dpworld.com/news/indonesia-investment-authority-and-dp-world-partner-to-invest-75-billion/","guid":"https://www.dpworld.com/news/indonesia-investment-authority-and-dp-world-partner-to-invest-75-billion/","caseid":"480365","boilerplate":"

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We deliver these services through an interconnected global network of 129 business units in 55 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

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Our dedicated, diverse and professional team of more than 55,000 employees from 134 countries are committed to delivering unrivalled value to our customers and partners. We do this by focussing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

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We think ahead, anticipate change and deploy industry-leading technology to further broaden our digital vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

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About Indonesia Investment Authority (INA)

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Established in 2020 through Law No. 11 of 2020 on Job Creation, Indonesia Investment Authority (INA) is mandated to grow investment to support Indonesia’s sustainable development and build wealth for future generations. INA collaborates with reputable global and domestic institutions to co-invest in various sectors that aims to generate optimal returns and strengthen Indonesia’s competitiveness.

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For more information, please visit www.ina.go.id

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The Indonesia Investment Authority (INA) signed a strategic alliance agreement with DP World to enhance Indonesia’s maritime and port sector within the global manufacturing ecosystem. The economic value of this partnership could reach up to $7.5 billion over the long term.

This partnership will improve the operation of ports, reduce logistics costs, and advance national competitiveness.

As a global leader of data-driven logistics expertise and global infrastructure, Dubai-based DP World will bring world-class technology and best practices to develop new port terminals and assets, enabling greater shipping efficiency and enhancing inter-island and international connectivity.

DP World and INA will form a consortium and working team to explore investments into the logistics infrastructure in Indonesia, including hinterland investments, inland terminals, cargo parks, feeder network systems, landside transport, and industrial zones. They will also explore collaboration with the Indonesia Port Corporations (Pelindo). DP World will seek to leverage its joint investment platform with Caisse de dépôt et placement du Québec (CDPQ) which since its launch in 2016 has invested in 12 port terminals globally across various stages of the asset lifecycle.

INA’s Chief Executive Officer, Ridha Wirakusumah, said this strategic partnership with DP World aligns with INA’s mission to optimise investment in Indonesia’s infrastructure and resources to deliver long-term economic development. INA's investment focuses on several key sectors, such as airports, ports, toll roads, industrial estates, digital infrastructure, healthcare services, and renewable energy.

Indonesia is the largest archipelago in the world with more than 17,000 islands. Its vast geography makes it reliant on a strong domestic shipping network. Despite historically trailing neighbouring countries in containerization rate and currently facing issues of high logistics costs, Indonesia is already among the top 15 countries in terms of container traffic and has much potential to grow further. Furthermore, containerization rate in Indonesia will only increase given the burgeoning domestic consumption and production.

“Indonesia’s maritime and port sector is key to support trade and consumption across the archipelago, and this collaboration with DP World will enable us to resolve issues of high logistics costs and port inefficiencies. Following INA’s rigorous partner selection process, we are confident that DP World can work well with us to create a strong domestic shipping network and add value to investors, businesses and employees. We would like to extend our gratitude to the Ministry of State-Owned Enterprises, Ministry of Finance, Ministry of Transportation, other government agencies and Pelindo for their strong support,” said Mr Wirakusumah.

DP World Group Chairman and CEO H. E. Sultan Ahmed Bin Sulayem said, “DP World recognises the vast potential of Indonesia as one of the fastest-growing economies in the world, as well as projects undertaken by the government to improve port facilities. Through our partnership with INA, we are committed to supporting national initiatives that create value and bring in expertise to modernise the Indonesian maritime infrastructure.”

DP World CEO & MD Asia Pacific and Australasia Glen Hilton said, “Together with INA, we will focus on building mutually beneficial relationships with local governments and stakeholders to create value across Indonesia’s supply chain. By combining our experience and disruptive technology with INA’s mandate to maximise economic impact, we are optimistic that we can elevate Indonesia’s supply chain performance.”

DP World will also introduce its global best practices to Indonesia, including operations optimisation, service innovation, disruptive technologies, and safety principles. Cutting-edge logistics technology includes fully automated stacking to eliminate inefficiency, hyperloop systems for fast cargo delivery, and 100% electric sustainable means of cargo transport.

","pubDate":"Tue, 02 Nov 2021 09:18:38 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"Jeddah Port ushers in new operational efficiency with CARGOES TOS+","link":"https://www.dpworld.com/news/jeddah-port-ushers-in-new-operational-efficiency-with-cargoes-tos/","guid":"https://www.dpworld.com/news/jeddah-port-ushers-in-new-operational-efficiency-with-cargoes-tos/","caseid":"480201","boilerplate":"

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DP World Jeddah has successfully launched CARGOES TOS+ Operations and Planning System (OPS) module.

\"DP World Jeddah manages billions of dollars in traded goods every year targeted to retailers and consumers throughout the Kingdom of Saudi Arabia. CARGOES TOS+ OPS is a DP World-developed technology with a proven track record in improving and optimising the overall operations' performance. We are extremely satisfied to see the improvements in our operational KPIs within the first ten days of the launch, and look forward to furthering enhancements in our operations at DP World Jeddah.

CARGOES TOS+ OPS implementation and integration capabilities will pave the way for DP World Jeddah to continue the automation journey as it provides an advance and robust integration environment for the equipment automation program and the Real-Time Location System (RTLS) implementations, amongst other smart trade digital transformation projects we have in the pipeline\" said Mohammad AlShaikh, CEO, DP World Jeddah and Country Head, Kingdom of Saudi Arabia.

The launch last week also included the N4 interface - the bridge between the system and users - making it the first terminal in DP World to deploy the TOS+ OPS with the N4 backend.

\"I'm proud of what our team has accomplished over the years, and it is those years of experience that have led us to create an easy to implement cloud-based solution that is scalable through a modulated framework. Our goal is to provide the future of smart-port solutions by leveraging the most advanced technologies to accelerate container efficiency through ports, saving time and money.\" said Dr. Mohamed Rahmah, Vice President, Zodiac.

Over time, this initiative will increase port efficiency for cargo owners driving their goods through DP World Jeddah, meaning containers move faster from liner to gate and beyond to retailers and consumers.

The OPS module is a powerful, flexible planning platform for terminal operations. It combines a feature-rich frontend and backend, offering customers the best management and planning experience to optimise terminal assets. The OPS is a robust solution, packaging a suite of features that lets planning staff define their own productivity goals and rules.

The system was up and running on October 16, 2021 and the team is delighted, as this rollout in Jeddah provides another partner to improve and grow the CARGOES TOS+ suite.

","pubDate":"Sun, 31 Oct 2021 14:17:58 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_cargoship.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_cargoship.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cargoship.jpg?10000","ppImageTitle":"Cargo ship"},{"title":"DP World launches leading initiatives in search of Emirati and international coders","link":"https://www.dpworld.com/news/dp-world-launches-leading-initiatives-in-search-of-emirati-and-international-coders/","guid":"https://www.dpworld.com/news/dp-world-launches-leading-initiatives-in-search-of-emirati-and-international-coders/","caseid":"480195","boilerplate":"

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DP World the leading provider of worldwide smart end-to-end supply chain logistics, has chalked out plans to develop the capabilities of more Emirati and international talent including coders, developers and engineers.

The initiative is part of the company's overarching strategy to deploy industry-leading technology to broaden its vision of a digitised, more efficient, transparent and resilient post-COVID world trade. The company currently employs more than 300 coders, developers and engineers.

The announcement coincides with the UAE celebration on October 29th to honour coding and programming professionals, under the slogan 'UAE Codes'. That date marks the launch of the first electronic government in the region 20 years ago on October 29th, 2001 by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai.

The \"UAE Codes\" day is one of the initiatives of the National Programme for coders, which aim to build and maintain UAE's Digital Economy. DP World is a pivotal partner in the programme. The day celebrates the role played by coding and programming professionals in advancing the nation's vision for the growth and transformation of the IT sector.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: \"We believe that to stay ahead of the curve, we should constantly upgrade our systems, as digitization has revolutionised the way we do business. DP World continues to invest in new technologies and disruptive innovation, always seeking the edge that will help us lead the future of world trade. Excellence in coding and programming represents an essential impetus of innovation, creativity and economic prosperity.

We enable trade around the world and keep it flowing, creating and embracing the latest technologies and innovations. And for ports and logistics operators like us, the key now is to further maximise efficiency, making sure innovations coming on stream can lower costs, increase productivity and move goods quicker and more cost-effectively than before\".

Maha Al Qattan, Chief People Officer at DP World, said: \"We have been creating new tech solutions that help trade move around the world. We see ourselves as a tech company, as much as a global trade enabler. Our industry-leading technology team has been very active in digitising the global supply chain\".

The initiative represents a significant boost to achieving the objectives of the 'National Programme for Coders' to train and attract 100,000 programmers and create 1,000 major digital companies within five years. The Programme enables technology entrepreneurs, businesses and startups to participate in advancing digital transformation in various key sectors.

Dr. Mohamed Rahmah, Vice-President, Zodiac, represents DP World in the programme. He said: \"In September, we organised a hackathon and around 8,500 coders registered in the 'Crack the Code' challenge. A total of 85 participants won. We have also been working closely with SAMSUANG SW Academy for Youth to enhance the digital skills of young talent\".

The challenge was to design, implement, test, deploy and maintain innovative software solutions to transform service performance, durability, cost, and security. It was also intended to use software engineering best practices to ensure a high standard of quality for all of the team deliverables, write high quality distributed system software and work in an agile, startup-like development environment. Participants were given the opportunity to autonomously deliver the technical direction of the service, and the feature roadmap.

The Dubai Government-led initiative supports nationwide efforts to attract a new generation of programmers and coders to the country, in line with the UAE's growth strategy and the Fifty-Year Charter.

","pubDate":"Sun, 31 Oct 2021 08:22:29 +0100","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_female-employees-operating-on-cranes-at-jebel-ali-terminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_female-employees-operating-on-cranes-at-jebel-ali-terminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/female-employees-operating-on-cranes-at-jebel-ali-terminal.jpg?10000","ppImageTitle":"Female_employees_operating_on_cranes_at_Jebel_Ali_terminal"},{"title":"DP World reports strong volume growth of 11.9% for 9M2021","link":"https://www.dpworld.com/news/dp-world-reports-strong-volume-growth-of-119-for-9m2021/","guid":"https://www.dpworld.com/news/dp-world-reports-strong-volume-growth-of-119-for-9m2021/","caseid":"479294","boilerplate":"

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DP World Limited handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2021, with gross container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis. On a 3Q2021 basis, DP World handled 19.8 million TEU, up 8.1% year-on-year and up 7.9% on a like-for-like basis.

3Q2021 gross volume growth was mainly driven by Asia Pacific, India, Middle East & Africa and Australia with a strong performance from Qingdao (China), Mumbai (India) and Sokhna (Egypt). Jebel Ali (UAE) handled 3.4 million TEU in 3Q2021, up 0.6% year-on-year.

At a consolidated level, our terminals handled 11.4 million TEU during 3Q2021, increasing 7.6% on a reported basis and 7.2% year-on-year on a like-for-like basis.

Group Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem commented:

We are delighted to report another strong quarter for DP World with throughput growth of 8.1%, which is once again ahead of industry growth of 6.4%. This strong performance illustrates the resilience of the global container industry, and DP World's continued ability to outperform the market.

Encouragingly, all our regions continue to deliver volume growth with India being a key driver, and we continue to make solid progress on our strategy to deliver supply chain solutions to beneficial cargo owners.

The near-term outlook remains positive, but we do expect growth rates to moderate in the final quarter. Furthermore, we remain mindful that the Covid-19 pandemic, continued supply chain disruptions, and geopolitical uncertainty could continue to hinder global economic recovery.

Overall, we are pleased with the year-to-date performance and remain focused on growing profitability while managing growth capex. The strong nine-month volumes leave us well placed to deliver an improved set of full year results and we remain focused on delivering our 2022 targets.

","pubDate":"Tue, 26 Oct 2021 08:16:01 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_quaycranesmovingcontainersfromvesselatjebelaliterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_quaycranesmovingcontainersfromvesselatjebelaliterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/quaycranesmovingcontainersfromvesselatjebelaliterminal.jpg?10000","ppImageTitle":"Quay cranes moving containers from vessel at Jebel Ali terminal"},{"title":"DP World launches CARGOES Logistics","link":"https://www.dpworld.com/news/dp-world-launches-cargoes-logistics/","guid":"https://www.dpworld.com/news/dp-world-launches-cargoes-logistics/","caseid":"470564","boilerplate":"

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CARGOES Logistics by DP World is a new digital logistics solution, providing instant online cargo booking, highly efficient movement, and advanced tracking, from origin to destination.
The first phase of the solution to be launched from India to multiple destinations across the Middle East, Subcontinent, Southeast Asia, the Far East and North Africa as well as UAE to India – with plans to roll out globally.

DP World, the leading provider of smart supply chain solutions, today announced the launch of its new digital logistics platform, CARGOES Logistics. The platform provides customers with a single-window solution enabling seamless, safe, secure, and efficient movement of their cargo. With CARGOES Logistics, customers can choose from multimodal logistics options, ship freight by sea, road, and/or rail, get instant quotes, swift booking confirmation and multiple secure payment options in three simple steps – Search, Choose & Book. It will offer easy and swift cargo booking from origin to destination. The first phase of launch will immediately offer customers access to book cargo from UAE to India as well as India to multiple destinations across the Middle East, Subcontinent, Southeast Asia, the Far East and North Africa.

CARGOES Logistics aims to address complexities and inefficiencies that exist in global supply chains including multiple handovers, inefficient tracking and limited visibility of a shipment across the supply chain. The new digital platform will enhance transparency by providing deep tracking of cargo with real time insights, end to end visibility & predictability, an all-inclusive price with no hidden charges and highly efficient end to end digital experience backed by DP World’s extensive network of integrated logistics assets and best-in-class service levels. It will facilitate ease of doing business, boost reliability & flexibility and provide seamless experience to customers for all their logistics needs.

Rizwan Soomar, CEO & MD, Subcontinent, DP World said: “This announcement is a testament of our commitment towards enabling smart logistics globally. With CARGOES Logistics, our aim is to build and offer highly efficient, seamless and end-to-end transparent supply chains.

The new digital solution will simplify the container shipping experience providing visibility across all modes of transportation through smart enablement of IOT based solutions. We will continue to invest in technology and work with our customers to drive innovation, continually add new products & features and provide solutions to meet their global logistics needs.”

Pradeep Desai, Chief Technology Officer, DP World concluded: “Demand for digital solutions has never been higher and will only keep growing. We are leveraging technology to create value for our customers and help drive growth. CARGOES Logistics by DP World is part of the broader CARGOES software suite of products. DP World created CARGOES to solve pressing challenges caused by supply chain related inefficiencies. It’s a holistic solution powered by technology targeting all aspects of global trade including Finance, ERP, Tracking, Terminal Operating System, Customs software and enabling end-to-end logistics. We are excited to provide Logistics as one of our first CARGOES offerings to customers.”

For more information on CARGOES, or to request a demonstration, please visit: https://cargoes.com/logistics

","pubDate":"Wed, 20 Oct 2021 07:20:30 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_cargotrains1.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_cargotrains1.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cargotrains1.jpg?10000","ppImageTitle":"Cargo trains (1)"},{"title":"DP World 'title sponsor' of Maiden's new world tour","link":"https://www.dpworld.com/news/dp-world-title-sponsor-of-maidens-new-world-tour/","guid":"https://www.dpworld.com/news/dp-world-title-sponsor-of-maidens-new-world-tour/","caseid":"477987","boilerplate":"

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HH Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, is the 'Patron of Hope' for the Maiden Voyage

DP World's 'Our World, Our Future' strategy prioritises sustainability and impact on the people, communities, and environment where they operate and a drive to lead a revolution in logistics; leaving a long-term benefit for the world we live in
DP World's vision for a better, more equitable world focuses on bringing positive change across three legacy areas of Education, Women's Empowerment and Oceans
Maiden's Mission is to work with, raise funds for and support communities to enable girls into education and empower and support them to remain throughout their teenage years, to reach their full potential and create better futures for all
Maiden has become a Global Ambassador for Empowerment of Girls through Education

The Maiden Factor are delighted to announce their new title sponsor, DP World, the global logistics leader ahead of the launch of a World Tour aimed at driving education and empowering young women globally. The 'Patron of Hope' for the Maiden Voyage is Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority (Dubai Culture), member of the Dubai Council.

The partnership with DP World will build on Maiden's success in its previous World Tour that came to a halt at the beginning of 2020 due to the pandemic. Maiden sailed 33,000+ miles around the globe, visiting over 23 destinations in 12 countries, raising awareness and funds for girls' education, engaging with girls, outreach programmes, schools, charities, and organisations committed to the education of girls. The support by Her Highness Sheikha Latifa bint Mohammed bin Rashid Al Maktoum and the Dubai Culture and Arts Authority stems from the strong belief in education being pivotal in the creation of an educated and empowered generation.

Education and empowerment are two of the legacy areas in DP World's 'Our World, Our Future' sustainability strategy, aiming to create a better, more equitable world. Through its support of the Maiden Factor, DP World will encourage participation and education across STEM subjects in particular, equipping young women with the skills required to succeed in the transport and logistics sector.

Commenting on the announcement, Tracy Edwards MBE said: \"When we first rescued Maiden in 2017 the idea was to sail around the world using the iconic yacht to inspire women and girls; Maiden shows what a girl can achieve if just one person believes in her. On Maiden's first World Tour, as well as the activities we participated in, we raised funds for a number of girls' educational programmes around the world.

\"Now, with our new title sponsor, DP World, we will also focus on encouraging girls into STEM, increasing their life and career choices. Many industries such as Maritime are facing a serious skills shortage and like DP World are committed to increasing female representation to bring much needed skills and talent into the workforce, and we know Maiden will be part of that process.\"

\"All of us at Maiden are looking forward to working with the DP World team over the next few months to develop the DP World Tour with Maiden, along with onshore and online programmes so that we can maximise the impact when we begin in January 2022 from Dubai, UAE.\"

DP World's UK CEO, Ernst Schulze, added: \"We are very proud to announce this partnership with The Maiden Factor and support their upcoming World Tour. Education and the empowerment of women are core pillars of DP World's 'Our World, Our Future' strategy, where our operations can make a positive difference for future generations.

\"We are continuing to invest in the UK's infrastructure - announcing last month a £300m investment in a new fourth berth at London Gateway - and are committed to increasing female representation across our operation. We recognise that efforts of the Maiden Factor to engage young women globally in education programmes and STEM skills will contribute positively towards this effort.\"

","pubDate":"Sat, 16 Oct 2021 08:39:32 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_maidenphoto3.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_maidenphoto3.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/maidenphoto3.jpg?10000","ppImageTitle":"MAIDEN PHOTO3"},{"title":"DP World announces Cargoes Finance, the new financing solution for SMEs","link":"https://www.dpworld.com/news/dp-world-announces-cargoes-finance-the-new-financing-solution-for-smes/","guid":"https://www.dpworld.com/news/dp-world-announces-cargoes-finance-the-new-financing-solution-for-smes/","caseid":"477500","boilerplate":"

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DP World, the leading provider of smart supply chain solutions, today launched CARGOES Finance — a new financing solution and fintech platform providing access to finance to support small-to-medium businesses.

CARGOES Finance is a new platform providing exporters, importers, and logistics companies with access to financing solutions to support them in driving global expansion seamlessly. The fintech platform, which comprises a simple and easy to use online application, requires minimal documentation and expedites quick approval decisions supported by intelligent systems.

Key financial solutions available through CARGOES Finance include:

Trade Finance – Accessing a variety of pre-shipment and post-shipment financing options for international cargo movement, along with extended payment terms.
Logistics Finance – Accessing financing options for domestic logistics movement, together with receivables and payables financing, and invoice factoring/discounting.
Inventory Finance – Utilising small-to-medium businesses’ inventory as collateral for financing their businesses, based on the value of stock in its warehouse.

Mike Bhaskaran, Chief Operating Officer, Logistics and Technology, DP World, said: “Growing businesses can often lack the capital and resources required to drive global expansion, often exacerbated by prohibitive financial requirements and copious documentation. We designed CARGOES Finance to mitigate these constraints, unlocking new opportunities for SMEs to compete and reach a global market.”

Sinan Ozcan, Senior Executive Officer, DP World Finance Services, said: “As a result of CARGOES Finance, we’ve seen a number of companies successfully reach more international customers that were previously cost prohibitive to access before. Globally, small-to-medium-sized businesses handle 50 percent of trade, yet only a few have access to funding with little chance of it being approved. CARGOES Finance is levelling the playing field, providing an affordable and reliable alternative that’s expanding global trade.”

DP World will continue to invest in new technologies and solutions such as CARGOES Finance, to streamline and optimise 'glocal' operations for ambitious businesses looking to operate seamlessly and scale faster.

CARGOES Finance is now widely available to shippers and small-to-medium businesses wishing to reach a wider international marketplace and is the latest addition to the CARGOES suite of tools to streamline end-to-end logistics and trade worldwide.

For more information on how CARGOES Finance can help you unlock new ‘glocal’ opportunities, visit https://www.cargoes.com/finance

","pubDate":"Wed, 13 Oct 2021 07:30:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-07at11.22.43am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-07at11.22.43am.png?10000","ppImageTitle":"Screenshot 2021-10-07 at 11.22.43 AM"},{"title":"MAN Energy Solutions and DP World sign cooperation agreement","link":"https://www.dpworld.com/news/man-energy-solutions-and-dp-world-sign-cooperation-agreement/","guid":"https://www.dpworld.com/news/man-energy-solutions-and-dp-world-sign-cooperation-agreement/","caseid":"477434","boilerplate":"

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Companies join forces to further Maritime Energy Transition

MAN Energy Solutions has signed a cooperation agreement with DP World, the leading provider of smart logistics solutions. Effective immediately, the agreement targets common progress in the field of decarbonisation and is scheduled to run for five years with an option to extend thereafter.

Wayne Jones OBE – Chief Sales Officer, and Gaby Hanna – Senior Vice President and Head of Region – Middle East & Africa, acted as signatories for MAN Energy Solutions; while Sultan Ahmed bin Sulayem – Group Chairman & CEO, signed on behalf of DP World. The signing ceremony was attended by Mohammed Al Muallem, Executive Vice President, DP World, and Captain Rado Antolovic, PhD, CEO, Drydocks World – a company of DP World.

Sultan Ahmed bin Sulayem said: \"To achieve net zero emissions, we must recognize the importance of taking urgent and immediate steps to decarbonize shipping and the way to do that is by identifying opportunities to forge partnerships with leading industry players and governments to develop solutions that will allow us to reap tangible results.\"

Jones said: \"We have worked closely with DP World on many projects over the years and are very happy to enter into this formal agreement. In the transition towards a carbon-neutral future, we aim to achieve sustainable value-creation by addressing the challenges inherent to the marine, energy and industrial sectors. Ultimately, we intend to develop pioneering solutions to the issues posed by decarbonisation and will work with selected partners to achieve this.\"

Agreement purpose and scope

Mutual areas of interest for the two companies include green-fuels infrastructure, future-proof conversions (LNG, methanol, ammonia, etc.), hybrid drives, electric engines R&D and training, and investigation of their respective, global footprints to further reduce the environmental impact of shipping traffic in terms of fuel consumption and emissions.

Unifeeder

MAN Energy Solutions has previously collaborated with the DP World Group on many occasions. The most recent of these was in September 2021 when the 'ElbBLUE', a containership operated by charterer Unifeeder – part of the DP World Group – bunkered 20 tons of green SNG (Synthetic Natural Gas) at Brunsbüttel, Germany. In a first for commercial shipping, the fuel was generated from 100% renewable energy via power-to-X technology.

Formerly known as the 'Wes Amelie', the 1,036-teu feeder container ship previously made headlines in 2017 when its MAN 8L48/60B main engine was retrofitted to its current, four-stroke MAN 51/60DF unit to enable dual-fuel operation. The first such conversion of its type globally, it showed that existing engines could be converted to LNG operation with a tremendous effect on exhaust emissions and the environment.

The Maritime Energy Transition

MAN Energy Solutions believes that it is time for what it calls a 'Maritime Energy Transition' to find clean, decarbonised solutions for seaborne trade and transportation. Essentially, it is the company's call to action to reduce emissions and establish zero-carbon fuels as the fuels of choice in global shipping. It strongly promotes a common approach by the shipping industry and politics to invest in infrastructure development and retrofits.

Drydocks World

Drydocks World is the largest centre in the Middle East for ship repair, conversion, new building, rigs and MRO projects, with focus on renewables and energy-efficiency projects. DP World operates across key sectors of the global supply chain through its various business subsidiaries, helping move cargo seamlessly, efficiently and securely across the world.

MAN Energy Solutions

MAN Energy Solutions enables its customers to achieve sustainable value creation in the transition towards a carbon neutral future. Addressing tomorrow's challenges within the marine, energy and industrial sectors, we improve efficiency and performance at a systemic level. Leading the way in advanced engineering for more than 250 years, we provide a unique portfolio of technologies. Headquartered in Germany, MAN Energy Solutions employs some 14,000 people at over 120 sites globally. Our after-sales brand, MAN PrimeServ, offers a vast network of service centres to our customers all over the world.

","pubDate":"Tue, 12 Oct 2021 13:46:02 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_dsc03577.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_dsc03577.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/dsc03577.jpg?10000","ppImageTitle":"DSC03577"},{"title":"DP World partners with CDC Group to create Africa investment platform","link":"https://www.dpworld.com/news/dp-world-partners-with-cdc-group-to-create-africa-investment-platform/","guid":"https://www.dpworld.com/news/dp-world-partners-with-cdc-group-to-create-africa-investment-platform/","caseid":"477377","boilerplate":"

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New platform to invest in ports and logistics across Africa
Initially includes investment in DP World assets of Senegal, Egypt and Somaliland

DP World has announced the creation of an investment platform in partnership with the UK's development finance institution and impact investor CDC Group (CDC).

The platform covers a long-term investment period. DP World is contributing its stakes in three existing ports initially and expects to invest a further $1 billion through the platform over the next several years. CDC is committing approximately $320 million initially and expects to invest up to a further $400 million over the next several years. The transaction is subject to certain final regulatory approvals.

The platform will invest in origin and destination ports, inland container depots, economic zones and other logistics across Africa to increase trade, create new job opportunities and broaden access to essential goods. It will initially be seeded with minority stakes in existing DP World assets with significant capacity expansion plans, including Dakar (Senegal), Sokhna (Egypt) and Berbera (Somaliland). Trade enabled through the ongoing expansions is expected to create an additional 138,000 employment opportunities in the wider economy. By 2035, the ports are expected to support stable employment for around 5 million people indirectly.

DP World has more than 20 years of experience developing and operating ports and infrastructure and providing logistics solutions in Africa and globally. This transaction is aligned with DP World's strategy of partnering with organisations that offer complementary expertise and have a shared vision for enabling trade and driving economic and social development.

CDC is the UK's development finance institution and impact investor with over 70 years of experience successfully supporting the sustainable, long-term growth of business in Africa and South Asia. CDC is owned by the UK Government and has a dual objective to deliver development impact by supporting business growth that lifts people out of poverty and makes a financial return.

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World, said: \"We are excited to announce a partnership with CDC Group that will enable increased investment in ports and logistics infrastructure across Africa, driving efficiency and trade growth. The partnership will create transformational opportunities for tens of millions of people over the next decade.

\"In CDC, we have found a partner with whom we share the common goal to invest in the long term and help build responsible and sustainable infrastructure in Africa, which is key to unlocking the trade potential of the continent.

\"DP World is committed to Africa for the long-term and sees significant opportunity for future growth across the continent. The partnership with CDC offers the flexibility to accelerate and capitalise on these opportunities.

\"By combining our in-depth knowledge of ports and logistics and CDC's expertise in infrastructure investment in Africa, we can drive greater supply chain efficiencies, provide improved trade connectivity and ultimately enhance value for all stakeholders.\"

Nick O'Donohoe, Chief Executive Officer, CDC, added: \"Stable and flourishing economies are built on reliable access to global and intra-continental trade. Africa's full potential is limited by inadequate ports and trade bottlenecks, putting the brakes on economic growth in some of the world's fastest-growing economies and undermining social resilience in the least developed parts of the world. This platform will help entrepreneurs and businesses accelerate growth with access to reliable trade routes, and it will help African consumers benefit from the improved reliability and reduced cost of vital goods and food staples.

\"We are proud to support DP World to do even more in Africa, charting a stronger course for African trade around the world.\"

","pubDate":"Tue, 12 Oct 2021 08:19:54 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_night-shot-of-customer-vessel-at-quay-at-jebel-ali-terminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_night-shot-of-customer-vessel-at-quay-at-jebel-ali-terminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/night-shot-of-customer-vessel-at-quay-at-jebel-ali-terminal.jpg?10000","ppImageTitle":"Night_shot_of_customer_vessel_at_quay_at_Jebel_Ali_terminal"},{"title":"DP World Mangrove Forest Project aimed at safeguarding the UAE's environment","link":"https://www.dpworld.com/news/dp-world-mangrove-forest-project-aimed-at-safeguarding-the-uaes-environment/","guid":"https://www.dpworld.com/news/dp-world-mangrove-forest-project-aimed-at-safeguarding-the-uaes-environment/","caseid":"477210","boilerplate":"

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In conjunction with the UAE Ministry of Climate Change and Environment, DP World affirms its commitment to protecting biodiversity during Expo 2020 Dubai's Climate Change and Biodiversity Week

In alignment with the National Climate Change Plan of the UAE 2017-2050 and The National Biodiversity Strategy and Action Plan (NBSAP), DP World initiated its Mangrove Forest Project consisting of approximately 100,000 seedlings. The project is in line with DP World's sustainability framework (Our World, Our Future), within which oceans are one of the legacy focus areas in response to SDG 14: Life Below Water. In addition, it also responds to the entity's Ocean Restoration Strategy.

As an advocate of environmental protection, DP World will reiterate its willingness to preserve the planet at Expo 2020 Dubai's Climate Change and Biodiversity Week, sponsored by the UAE Ministry of Climate Change and Environment (MOCCAE).

Located at the Jebel Ali Wildlife Sanctuary, the project will cover a total area of approximately 10 hectares of mangroves with a density of around 10,000 trees per hectare. As per the scale of the project, the carbon compensation potential will be around 3-8 tCO2/hectare, meaning the plantation will sequester between 30-80 tCO2 every year. Execution partners include the Emirates Marine Environmental Group (EMEG) and the Storey Group. A unique feature of the plantation will be the use of the EcoMatcher tagging technology that will track the growth of each tree.

Sultan Ahmed bin Sulayem, Group Chairman & CEO, DP World explained: \"The land and the sea are integral to the UAE. They also form the foundation of our business. Hence, we believe that it is a shared responsibility to ensure the well-being of the resources. The late Sheikh Zayed Bin Sultan Al Nahyan once said 'On land and in the sea, our forefathers lived and survived in this environment. They were able to do so only because they recognised the need to conserve it, to take from it only what they needed to live and to preserve it for succeeding generations'.\"

Abdulla Bin Damithan, CEO & Managing Director, DP World UAE and Jafza said: \"The Mangrove Forest Project will bring much relief to the water bodies in the UAE. The project includes working with other companies such as Microsoft, Procter & Gamble and Emirates Global Aluminium. With our concerted efforts, in the future, we hope the project gains recognition internationally as a carbon-accredited initiative.\"

Since its inception, DP World has conducted business operations in an eco-conscious way, assessing the impact on the environment and monitoring the waters in which they operate by using the latest technologies. The entity also firmly believes in engaging employees to create a sustainable business and protect the planet, thus urging them to participate in several campaigns each year focusing on oceans and waterways, among other causes.

","pubDate":"Sun, 10 Oct 2021 07:18:23 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_magrove-16.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_magrove-16.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/magrove-16.jpg?10000","ppImageTitle":"Mangroves"},{"title":"DP World calls on governments to stamp out illegal trade in wildlife","link":"https://www.dpworld.com/news/dp-world-calls-on-governments-to-work-together-to-stamp-out-illegal-trade-in-wildlife/","guid":"https://www.dpworld.com/news/dp-world-calls-on-governments-to-work-together-to-stamp-out-illegal-trade-in-wildlife/","caseid":"476944","boilerplate":"

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DP World is calling on governments around the world to commit to zero tolerance of wildlife trafficking.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, was the first to sign a pledge calling for the mobilization of public and private resources to stamp out the illegal trade by 2030. He did so alongside United for Wildlife at the Conservation for Hope summit at the DP World Flow Pavilion at Expo 2020.

DP World is a member and principal partner of United for Wildlife which was founded by HRH The Duke of Cambridge. The session was organized in association with the UAE Ministry of Climate Change and Environment and in partnership with Mozambique and the Zoological Society of London.

Illegal trade in wildlife is one of the top five most lucrative global crimes. Every year wild fauna and flora are poached or illegally collected and transported across the world. The cross-border crime is estimated to be worth $50-100 billion a year. In addition to damaging biodiversity and local communities, the illegal wildlife trade fuels other criminal activities including money laundering and international drug trafficking.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “Expo 2020 in Dubai is a platform for world thinkers, humanitarians, environmentalists and advocates to discuss some of the world’s pressing issues that need immediate action. Through Conservation for Hope, we are throwing down a challenge to eradicate the illegal wildlife trade which destroys biodiversity and damages our planet and local communities.”

DP World is already working on extensive measures to tackle the trafficking, including installing additional scanners at ports and facilities around the world to step up inspections. All staff around the world are going through training on the issue as well as provided with a toolkit, with specific sessions for scanner operators to learn what to look for.

DP World set up the United for Wildlife Transport Taskforce which brings together airlines, customs authorities and other stakeholders in the region to disrupt supply chains for wildlife trafficking. The company works with partners including the Zoological Society of London to development best practices for ports

Governments signing the pledge alongside DP World will commit to raise awareness of wildlife trade as a global crime. DP World with other partners will lead efforts in mobilizing public and private resources and put together enforcement strategies on trafficking cases to stamp the transport of illegal wildlife across borders.

","pubDate":"Thu, 07 Oct 2021 09:16:22 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_whatsappimage2021-10-07at11.12.26am.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_whatsappimage2021-10-07at11.12.26am.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/whatsappimage2021-10-07at11.12.26am.jpeg?10000","ppImageTitle":"WhatsApp Image 2021-10-07 at 11.12.26 AM"},{"title":"DP World's freight-rate marketplace soars by 1759%","link":"https://www.dpworld.com/news/dp-worlds-freight-rate-marketplace-soars-by-1759/","guid":"https://www.dpworld.com/news/dp-worlds-freight-rate-marketplace-soars-by-1759/","caseid":"476842","boilerplate":"

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About SeaRates By DP World

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Founded in August of 2005, SeaRates is a freight rate marketplace for individual people and businesses to send goods around the world. SeaRates.com helps to arrange the international cargo delivery from 1m squared to 50 kg shiploads and more. Thanks to world-class customer service and a growing community of cargo agents, SeaRates.com is an easy way for people to ship their goods from any origin to destination.

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In 2020, DP World acquired SeaRates as part of their strategy to keep trade flowing, and the company now known as ‘SeaRates By DP World’.

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A whopping 1,759% growth since SeaRates’ acquisition in 2020

Freight-rate marketplace SeaRates By DP World is seeing rapid revenue growth of 1,759% eighteen months after its acquisition by the leading global trade enabler.

Since its launch in 2005, SeaRates, the trusted community marketplace for people to send goods around the world, has been seeking to consolidate its position as a robust digital platform to contribute to the smarter trade movement for cargo owners, freight forwarders or consumers looking to transport goods at competitive rates.

The vision was to digitise business from easing freight bookings from any origin to any destination, to providing relevant web-based logistics tools to support back, middle, and front office operations.

The DP World brand contributes to SeaRates’s success, adding an extra layer of credibility and a support system built to scale. Additionally, there are several key pandemic factors contributing to SeaRates’s success; ecommerce boom and economies of scale, spot-market appeal to contract rate-based clients and external exposure and commercial growth.

“The e-commerce sector saw a rise in retail sales, from 16 to 19 per cent in 2020, according to UN Trade. This global trend also impacted SeaRates, that essentially is an e-commerce platform to book containers from any origin to destination”, said Mike Bhaskaran, Group COO, Digital Technology and Logistics.

He added: “During the pandemic, the digital movement has gone into full effect as face-to-face interactions become difficult. Through the pandemic, the world has been forced to become increasingly digital to keep business flowing. This inherently turned many traditional cargo owners to seek alternatives such as SeaRates to operate and keep trade flowing”.

Think by ING – the leading Insurance provider, also providing economic and financial analysis – predicts that freight rates are expected to remain above their pre-pandemic levels in the longer term, because of several key factors, such as the absence of a short-term relief due to rising global demand, continued global imbalances pushing prices up further, few alternatives to ocean freight, an unbalanced recovery throughout 2021 and delays from port congestion and closures. Reducing cancelled routes will help ease capacity constraints.

Another factor is that premium cargo owners and freight forwarders with access to contract/fixed rates are finding competitive offers in spot marketplaces, such as SeaRates. This has led SeaRates to attain a new customer, that they would have previously found more challenging to engage.

“We see SeaRates’s trajectory to date as a clear indication of becoming a key freight-rate marketplace provider”, Bhaskaran concluded.

For more details about SeaRates, kindly visit https://www.searates.com/

","pubDate":"Wed, 06 Oct 2021 12:34:53 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_world039slargestvesselatlondongateway.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_world039slargestvesselatlondongateway.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/world039slargestvesselatlondongateway.jpg?10000","ppImageTitle":"World's largest vessel at London Gateway"},{"title":"Mexico joins the World Logistics Passport","link":"https://www.dpworld.com/news/mexico-joins-the-world-logistics-passport/","guid":"https://www.dpworld.com/news/mexico-joins-the-world-logistics-passport/","caseid":"476985","boilerplate":"

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About the World Logistics Passport

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The World Logistics Passport (WLP) is a global, private sector-led, initiative designed to smooth the flow of global trade, unlock market access through the creation of new trade routes and provides economic efficiencies to members. Traders and freight forwarders get increased Benefits the more they trade through WLP Hubs.

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The Benefits include cost and time savings, and faster clearances. Unlocking these Benefits allows traders, nations and regions to gain access to new markets, diversify trade in existing products and increase market shares in key export products.

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As demonstrated in fully operational hubs, traders and freight forwarders that are members of the WLP can expect to have an annual increase in trade on average of up to 5-10%. Free to join, the WLP is inclusive, covering the entire trade ecosystem from freight and logistics to trade finance.

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The Mexican Secretariat of the Economy (SE) has signed a Memorandum of Understand with the World Logistics Passport (WLP), establishing the SE as a co-ordinating partner in the country which became a WLP Hub earlier this year.

Mexico is one of the largest economies in Latin America, and 15^th globally in terms of GDP. In 2019 its total product exports were $480bn, and as a major exporter of IT equipment, as well as auto parts and accessories, it has a well-established industrial base.

By deepening its partnership with the WLP network, Mexico has the opportunity to diversify its international trade profile with other countries and regions and create opportunities for Mexican companies to expand their supplier/ customer base.

Mike Bhaskaran, CEO of the WLP, said: “Mexico is of strategic importance to the success of the World Logistics Passport in the Americas, and we look forward to working with the SE to foster further partner registrations such as ports, airports, customs, and other key logistics actors.

Traders and freight forwarders that are members of the WLP can expect to have an annual increase in trade on average of up to 5-10%. As Mexican traders benefit from more effective and efficient cargo trade, this will open up new trade routes and offer access to new markets, particularly in Asia, Africa and the Middle East.

The Mexican Secretariat of the Economy (SE), whose signature is on the Memorandum of Understanding, will act as the coordinating partner in the country. The role of the SE is to remove barriers to create a more fluid business environment for local traders. Members of the WLP in Mexico can expect cost and time efficiencies, opening the door for additional economic opportunities facilitated by faster trade.

Mexico’s status as a WLP Hub is strengthened followed the signing of an MoU between CONCAMIN and the WLP earlier this year. CONCAMIN is a key coordinating partner between public and private sector, especially Mexican export industry, and supporting in strengthening Mexico’s international trade

H.E. Tatiana Clouthier, Secretary of Economy of Mexico, said: “We are pleased for signing this MoU with Dubai Logistics World which is the start point for working together on an efficient trade facilitation platform to enhance our performance for the sake of moving forward and building a future in benefit of our people. The WLP presents Mexican businesses with the opportunity to diversify its trading partner increasing both imports and critically, exports to countries in the region and further afield. Expanding our horizons to Asia and Africa and the Middle East is a vital part of the formula to the country’s economic development.”

H.E Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “DP World is proud to be part of this private-sector led initiative to boost trade around the world. Mexico is already a major route for our organisation and other Dubai-based partners. We welcome the SE in our collective efforts to make trade quicker, easier and more cost-effective.”

","pubDate":"Tue, 05 Oct 2021 13:21:00 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_whatsappimage2021-10-05at2.10.37pm.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_whatsappimage2021-10-05at2.10.37pm.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/whatsappimage2021-10-05at2.10.37pm.jpeg?10000","ppImageTitle":"WhatsApp Image 2021-10-05 at 2.10.37 PM"},{"title":"UPS and DP World delivering world firsts","link":"https://www.dpworld.com/news/ups-dp-world-delivering-world-firsts/","guid":"https://www.dpworld.com/news/ups-dp-world-delivering-world-firsts/","caseid":"476416","boilerplate":"

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Electric vehicles charged using off-grid solar power at Expo 2020 Dubai

From the x-ray machine to the telephone, throughout history world expos have been the home for inventions and technology that change our way of life.

Expo 2020 Dubai is no exception. As the Official Logistics Partner, UPS is working with DP World, the Official Premier Global Trade Partner of Expo, to showcase its transition to clean energy with UPS’s electrical vehicles being charged for the first time with an off-grid charging system to power on-site deliveries.

“Today’s deployment of one of the world’s first off-grid electric vehicle charging systems is a demonstration of how Expo 2020 is connecting minds and creating the future,” said Scott Price, president of UPS international. “Our joint efforts allow us to decentralize the charging system, eliminate the need for electricity in charging vehicles at Expo 2020 and further our goal of becoming carbon neutral by 2050.”

During the six-month mega event, UPS will use the system to charge its fleet of electric vehicles, developed in collaboration with Arrival, at DP World’s FLOW Pavilion.

Sunlight will be captured by panels on the pavilion’s roof, with the solar energy flowing through an inverter to an off-grid Battery Energy Storage System (BESS) unit which powers the charging station.

Abdulla Bin Damithan, CEO and Managing Director, DP World - UAE Region and Jafza said: “DP World is proud to work with UPS, demonstrating the next generation of delivery vehicles at Expo 2020. We are committed to digital and technological innovation that makes supply chains smarter and more sustainable. The DP World FLOW pavilion has been designed to demonstrate the future of global trade, increasing prosperity while reducing the use of energy and resources.

The collaboration between UPS and DP World addresses sustainability issues and is closely aligned with the UAE’s Circular Economy Policy 2021-2031 and its Green Agenda 2030. It also supports a key growth engine of Dubai’s economy through the development of cutting-edge circular economy technologies.”

“It’s truly special to be at Expo 2020 with UPS and DP World showcasing how innovation and collaboration can accelerate the transition to electric vehicles globally,” said Avinash Rugoobur, president of Arrival. “Arrival is pioneering a new method of design and production for electric vehicles that is truly sustainable - from our recyclable composite panels to the local Microfactories used for production. The development of sustainable charging options is a welcome addition to this ecosystem that will increase the impact we can have as we bring cleaner transportation to cities around the world.\"

UPS’s journey toward a less carbon-intensive future is enabled through one of the industry’s largest private alternative fuel and advanced technology fleets, and a ‘rolling laboratory’ of more than 13,000 vehicles that drive more than 1 million greener miles each business day.

UPS recently released its Corporate Sustainability Report with a goal to achieve carbon neutrality by 2050, including fueling 40% of ground operations with alternative fuels by 2025. To learn at-a-glance more about UPS’s recent efforts to address global challenges like climate change and social equity, check out UPS’s Sustainability Highlights.

","pubDate":"Mon, 04 Oct 2021 07:57:25 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-04at9.55.25am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-10-04at9.55.25am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-10-04at9.55.25am.png?10000","ppImageTitle":"Screenshot 2021-10-04 at 9.55.25 AM"},{"title":"DP World Pavilion Opened at Expo 2020 Showing the Power of Flow","link":"https://www.dpworld.com/news/dp-world-pavilion-opened-at-expo-2020-showing-the-power-of-flow/","guid":"https://www.dpworld.com/news/dp-world-pavilion-opened-at-expo-2020-showing-the-power-of-flow/","caseid":"476183","boilerplate":"

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Group Chairman and CEO Sultan Ahmed Bin Sulayem cuts ribbon
DP World launches brand refresh marking transformation into global trade enabler
Expo 2020 will gather leaders of politics and commerce in Dubai over next six months

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, has cut a ribbon to open the DP World Flow pavilion at Expo 2020. DP World’s pavilion is designed around the theme of Making Trade Flow. Visitors will be able to explore the movement of commerce around the world that drives the global economy, giving a unique insight into the innovative technology of supply chains. DP World operates a network of ports and data-driven logistics businesses around the world, including Dubai’s flagship port Jebel Ali.

The opening of the DP World pavilion is also the unveiling of DP World’s refreshed brand, which symbolises the company’s transformation from a single port in Dubai, into a global leader in logistics with ports and terminals around the world, economic zones and marine services, moving 10 percent of global commerce. DP World is leading innovation including the development of Hyperloop and BoxBay, as well as using data to develop platforms and services that offer more visibility, control and efficiency to supply chains than ever before.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “DP World is ushering in a new era of global mobility and trade, which we are showcasing at Expo 2020 in Dubai. We want to inspire people about how trade impacts their everyday lives, and DP World’s role as a global trade enabler. Our refreshed brand signals our transformation into an integrated logistics company that harnesses data and infrastructure to move goods from the factory floor to the customer’s door.”

The DP World Flow pavilion will be open from 1st October until the end of March. As well as the exhibition galleries, the FlowLive event programme will bring together leaders of governments and commerce to shape the future of world trade. The education programme is designed to inspire young people to join the logistics industry.

After Expo 2020 the pavilion will be transformed into an education institute becoming a permanent feature of Expo 2020 Dubai’s legacy District 2020, reinforcing Dubai’s position as a knowledge-based economy.

","pubDate":"Fri, 01 Oct 2021 09:30:12 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_microsoftteams-imagedd31d17d44e7017e53d671cd329baef559f3941e67d1c06cd8d6d9e93f29180f.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_microsoftteams-imagedd31d17d44e7017e53d671cd329baef559f3941e67d1c06cd8d6d9e93f29180f.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/microsoftteams-imagedd31d17d44e7017e53d671cd329baef559f3941e67d1c06cd8d6d9e93f29180f.png?10000","ppImageTitle":"DP World Flow Pavilion at Expo 2020 Dubai"},{"title":"DP World Partners with the Jane Goodall Institute","link":"https://www.dpworld.com/news/dp-world-partners-with-the-jane-goodall-institute/","guid":"https://www.dpworld.com/news/dp-world-partners-with-the-jane-goodall-institute/","caseid":"473849","boilerplate":"

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Three-year agreement to support the Jane Goodall Institute’s global humanitarian and environmental youth programme Roots & Shoots

DP World, the global trade enabler has signed a three-year partnership with the Jane Goodall Institute to support the growth of its international humanitarian and environmental youth programme, Roots & Shoots.

The Jane Goodall Institute is a collection of 24 global community conservation organisations that advance the vision and work of Dr Jane Goodall, DBE, Founder – the Jane Goodall Institute & UN Messenger of Peace. The partnership with DP World is being led by the Jane Goodall Institute in the UK.

One of the Jane Goodall Institute’s key programmes is Roots & Shoots, a world-wide movement of thousands of passionate young people who are empowered to make significant impact across more than 60 countries. Whether it’s natural disasters, homelessness, pollution or climate change, Roots & Shoots groups are embracing challenges and creating real positive change across the globe.

Through free resources for teachers and team leaders, Roots & Shoots groups are undertaking project work to address the challenges facing our planet for animals (including domestic animals), the human community and the environment – focusing on both local change and international projects resulting in global impact.

The partnership with DP World will support the expansion of existing Roots & Shoots groups and the development of new groups, both in the UAE and around the world, including the provision of a new schools outreach officer. It will also support the creation of new Roots & Shoots resources focusing on the Marine Ecosystem and embedding activities that build on the STEM and logistical skills required to work in the Maritime and Logistics Industries.

Dr Jane Goodall, DBE. said: “Roots & Shoots is empowering young people to make a difference in their local communities in over 6o countries worldwide. DP World is a major global corporation, and it is heartening to know that they are committed to making positive change for people and the environment. All around the globe DP World staff share the Roots & Shoots goal of protecting our planet and by partnering together we hope to enable more young people to become the compassionate changemakers our world needs.”

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World said: “DP World’s aim is to engage and inspire young people about global trade and logistics. We are proud to partner with the Jane Goodall Institute. Through the Roots & Shoots programme we want to encourage collaborative learning to support young people to identify opportunities to contribute to the future of communities in a sustainable way.”

","pubDate":"Wed, 22 Sep 2021 09:11:28 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_screenshot2021-09-22at9.43.45am.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_screenshot2021-09-22at9.43.45am.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/screenshot2021-09-22at9.43.45am.png?10000","ppImageTitle":"Screenshot 2021-09-22 at 9.43.45 AM"},{"title":"Drydocks World announces the opening of 'South Yard'","link":"https://www.dpworld.com/news/drydocks-world-announces-the-opening-of-south-yard/","guid":"https://www.dpworld.com/news/drydocks-world-announces-the-opening-of-south-yard/","caseid":"474701","description":"

New Development aimed at offering construction of world-class facilities for the Oil and Gas and Renewable Energy segments

Drydocks World has announced the development of 'South Yard' facility, its latest project aimed at increasing its fabrication capacity equipped with new technologies to offer improved services to its clients.

The firm, a leading provider of Marine and Offshore services to the shipping, oil, gas and energy sectors, is building a dedicated facility for new building projects comprising 70,000 sqm area.

The 'South Yard' will be a world-class yard featuring cutting-edge equipment, a much leaner execution process and a completely new load-out facility for heavy structures which is expected to appeal to O&G and renewable energy clients.

Drydocks World is focused on efficiency improvements whilst maintaining the highest levels of safety and quality standards. The \"South Yard\" facility will support that strategy by developing specific infrastructure to realise the future project pipeline thereby enabling competitive advantages in the region and globally.

CAPTAIN RADO ANTOLOVIC PhD, CEO OF DRYDOCKS WORLD said: \"We are very excited by the plans we have for our South Yard facility as we believe there are a number of firms in the market looking for this kind of dedicated area offering specialist facilities and technology.

\"We are confident it will play a vital role in attracting new strategic partnerships, gaining more value from operational costs and improving profitability, all of which are directly proportional to the high HSSE standards, smarter logistics, leaner execution, improved fabrication material flows and safer operations.\"

MOHAMMED AL MUALLEM, EXECUTIVE VICE PRESIDENT OF DP WORLD said: \"Drydocks World shipyard has set ambitious targets to increase its production capacity and operational efficiency. It is currently working towards achieving these goals by developing existing facilities and raising their performance through the use of smart technology adoption and leading engineering practices.\"

","pubDate":"Tue, 21 Sep 2021 07:44:39 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_yardpicture.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_yardpicture.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/yardpicture.jpg?10000","ppImageTitle":"Yard picture"},{"title":"DP World to invest £300m in new fourth berth at London Gateway logistics hub","link":"https://www.dpworld.com/news/dp-world-to-invest-300m-in-new-fourth-berth-at-london-gateway-logistics-hub-to-strengthen-uks-supply-chain/","guid":"https://www.dpworld.com/news/dp-world-to-invest-300m-in-new-fourth-berth-at-london-gateway-logistics-hub-to-strengthen-uks-supply-chain/","caseid":"474048","description":"

DP World today announces that it will begin work next month on a new fourth berth at its London Gateway logistics hub to increase supply chain resilience and create more capacity for the world's largest vessels.

The £300m sum - which builds on the £2bn investment DP World has made in Britain over the last decade – represents the next step by the leading global provider of smart logistics in delivering integrated supply chain solutions for customers.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: \"I am delighted to announce that we will go ahead with our latest major investment in the UK, which will give London Gateway more capacity to handle the world's largest vessels than any other port in the country.\"

\"As a central pillar of Thames Freeport, London Gateway's new fourth berth will allow even more customers to benefit from world class ports and logistics, with unrivalled global connectivity, on the doorstep of Europe's largest consumer market. DP World plans to be at the heart of Britain's trading future and this investment shows that we have the ambition and the resources to boost growth, support businesses, create jobs and improve living standards.\"

Rt Hon Rishi Sunak MP, Chancellor of the Exchequer, will be guest of honour at today's commercial launch of Thames Freeport at the Savoy Hotel in London. He added: \"Our new freeports will create national hubs of trade, innovation and commerce, and attract more investment to regenerate communities and level up the UK.\"

\"Bringing ports and business together to invest in their regions is crucial to the Freeports success story – that's why I'm thrilled that DP World is investing £300 million to support Thames Freeport – creating new opportunities, boosting growth and supporting local jobs.\"

In the first six months of 2021 London Gateway saw record throughput of 888,000 TEU, a more than 23 per cent increase on the previous best performance for the first half of a year. The new fourth berth will raise capacity by a third and completion will coincide with the delivery of a new wave of 24,000 TEU vessels in 2023/2024, which will all be operated between Asia and Europe.

Along with the Port of Tilbury and Ford's Dagenham plant DP World London Gateway will form Thames Freeport after being awarded freeport status by the Government earlier this year, with the partners currently progressing the business case with a view to receiving formal accreditation. DP World Southampton has also been awarded freeport status as part of Solent Freeport, further cementing the critical role of both logistics hubs in the UK's international trade.

","pubDate":"Wed, 15 Sep 2021 12:25:51 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_rishisunakgrantshappssabsrashid2.jpeg?10000","length":"0","type":"image/jpeg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_rishisunakgrantshappssabsrashid2.jpeg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/rishisunakgrantshappssabsrashid2.jpeg?10000","ppImageTitle":"Rishi Sunak, Grant Shapps, SABS, Rashid 2"},{"title":"Uzbekistan joins World Logistics Passport","link":"https://www.dpworld.com/news/uzbekistan-joins-world-logistics-passport/","guid":"https://www.dpworld.com/news/uzbekistan-joins-world-logistics-passport/","caseid":"471705","description":"

Uzbekistan is the latest gateway to join the World Logistics Passport, connecting it to the network of the world’s first freight loyalty scheme across Asia, Africa and Latin America

In a boost to its global trade networks and partnerships, Uzbekistan has today joined the World Logistics Passport (WLP) as a Gateway. The signing event took place in Tashkent and was attended by H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy; H.E. Sardor Umurzakov, Deputy Prime Minister and Minister of Investment and Foreign Trade, Republic of Uzbekistan and Mahmood Ahmed Al Bastaki, Chief Operating Officer, DT World and General Manager of the WLP.

The WLP is a global, private sector-led, initiative designed to smooth the flow of global trade, unlock market access and provide economic efficiencies to members. With its global presence, it is providing benefits to members such as priority handling and faster clearance – helping to reduce supply chain costs and increase trade volumes.

The WLP will bring increased traffic and revenues for Uzbekistani traders, will increase visibility of Uzbekistan to the WLP global network and will boost global connectivity. The Government of Uzbekistan will also be on hand to facilitate and support traders in Uzbekistan to register as WLP members.

With the World Bank predicting that the country’s economy will grow by 4.8% in 2021, this partnership is set to spur trade between Uzbekistan and the world. Uzbekistan is Central Asia’s largest consumer market, and a leading exporter of cherries, apricots, and carrots. With its growing economy driving domestic consumption complemented by demand for exports, the country’s trading ecosystem is set to unlock numerous benefits.

As a Gateway, Uzbekistan will be able to access the benefits of the WLP when trading via the UAE, where it joins a network of Hubs and many other Gateways that span Latin America, Asia, the Middle East, and Africa. Other countries that are part of the WLP network include India, Kazakhstan, Thailand, Brazil, Senegal, South Africa, and the UAE, amongst others.

Mahmood Ahmed Al Bastaki, Chief Operating Officer, DT World and General Manager of the WLP, said: “We are delighted to welcome Uzbekistan to the World Logistics Passport. Our program helps countries grow their economies and create jobs by boosting trade, and making their products more competitive and accessible through more efficient supply chains.

“As Uzbekistan continues its export-driven economic program, traders in the country will now be able to expand and discover opportunities through our network of Hubs and Gateways across Latin America, Asia, Africa and the Middle East.”

H.E. Laziz Kudratov – First Deputy Minister of Investments and Foreign Trade of the Republic of Uzbekistan, said: “WLP membership is great news for traders and freight forwarders who will benefit from a network of multimodal trade Hubs across the global South by delivering time- and cost- efficiencies. We look forward to the development of Uzbekistan as a WLP Gateway, opening up new opportunities for the country”.

","pubDate":"Sun, 29 Aug 2021 07:26:45 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_viewofcustomervesselhapaglloydatcochinterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_viewofcustomervesselhapaglloydatcochinterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/viewofcustomervesselhapaglloydatcochinterminal.jpg?10000","ppImageTitle":"View of customer vessel Hapag Lloyd at Cochin terminal"},{"title":"New terminal era to witness increased velocity and visibility of container handling","link":"https://www.dpworld.com/news/new-terminal-era-to-witness-increased-velocity-and-visibility-of-container-handling/","guid":"https://www.dpworld.com/news/new-terminal-era-to-witness-increased-velocity-and-visibility-of-container-handling/","caseid":"471185","boilerplate":"

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CARGOES TOS+ to revolutionise ports and terminals by increasing efficiency and productivity

CARGOES TOS+ is delighted to announce the delivery of Auto Gate System (AGS) and Terminal Internet of Things (TIoT) solutions that are currently being deployed to several customers around the world.

CARGOES TOS+ is a cloud-based Terminal Operating System (TOS), an integrated platform encompassing all IT and operational systems under one umbrella, providing users with real-time information on vessel, gate, and yard movements.

CARGOES TOS+ TIoT is designed to integrate all container handling assets involving real-time location tracking for container terminals through technologies using multi-channel data through devices and physical assets such as shipyards, distributions centres, warehouses, and more. It automatically captures essential container handling or mission-critical data in real-time monitored through an easily visible status window providing maximum transparency of container terminals. It can simply integrate with the TOS+ Terminal Operating System for micro-level job optimisation.

The TIoT also provides a solution for the vast volume of data produced through tasks such as job handling updates and additional orders. The TOS+ TIoT can update and process these vast data sets dynamically without human intervention, reducing human error. It also captures event history and real-time signals directly from various equipment. This allows customers to conduct an Overall Equipment Effectiveness (OEE) analysis, finding key bottlenecks and problem areas to improve terminal productivity.

Meanwhile, the TOS+ Automated Gate System (AGS) is a proprietary revolutionary solution with configurable validation for various gate processes. Combined with advanced video analytics engine and proprietary machine-learning algorithm, the video identification feature can identify vehicles and containers with 99% accuracy on average. The AGS works in parallel with traditional fingerprint, ID card or RFID recognition and integrates with CARGOES TOS+ TOS or other third-party systems. Gate tracking KPIs are built-in for processing time, error history and efficiency analysis.

A key feature compared to other competing gate solutions is the algorithm's accuracy that allows for fewer Optical Character Recognition (OCR) cameras - lowering hardware requirements and increasing savings on upfront setup costs.

CARGOES TOS+ is driven to find solutions to resolve challenges for our customers and to better the industry. The team will be hosting several events and sessions during EXPO 2021 in Dubai on the second week of November 2021, where they will present and share experiences on the various trends and challenges impacting global supply chains around the world with special focus on ports and terminals.

For more details about CARGOES TOS+ and to book a demonstration, kindly visit https://cargoes.com/terminal-operating-systems

About CARGOES

\"A suite of enterprise services and products for the world of logistics & trade\"

If there is an issue you need to solve, we're ready to hear from you. Together, we can make trade better.

","pubDate":"Tue, 24 Aug 2021 11:24:25 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_cargoestostorevolutioniseportsandterminals.png?10000","length":"0","type":"image/png"}},"ppImage":"https://content.presspage.com/uploads/2451/500_cargoestostorevolutioniseportsandterminals.png?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/cargoestostorevolutioniseportsandterminals.png?10000","ppImageTitle":"CARGOES TOS+ to revolutionise ports and terminals"},{"title":"DP World reports strong 1H2021 financial results","link":"https://www.dpworld.com/news/dp-world-reports-strong-1h2021-financial-results/","guid":"https://www.dpworld.com/news/dp-world-reports-strong-1h2021-financial-results/","caseid":"470803","boilerplate":"

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DP World Limited has announced strong financial results for the six months to 30 June 2021 with EBITDA growing 18.2% year-on-year.

Results Highlights

Revenue of $4,945 million (Revenue growth of 21.3% on reported basis)

Revenue growth of 21.3% supported by acquisitions and strong growth in India, Australia, and UK.
Like-for-like revenue increased by 9.0%.

Adjusted EBITDA of $1,813 million and adjusted EBITDA margin of 36.7%

Adjusted EBITDA increased 18.2%, and EBITDA margin for the half-year stood at 36.7%. Like-for-like adjusted EBITDA margin of 38.5%.

Profit for the period attributable to owners of the Company increased to $475 million

Profit attributable to owners of the Company before separately disclosed items increased 51.9% on reported basis and 39.4% on a like-for-like basis

Robust Cash Generation

Cash from operating activities remains strong at $1,490 million in 1H2021 compared to $1,124 million in 1H2020.
Leverage (Net debt to annualised adjusted EBITDA) decreased to 3.5 times (Pre-IFRS16) from 3.7 times at FY2020. On a post-IFRS16 basis, net leverage stands at 4.0 times compared to 4.3 times at FY2020.
DP World credit rating remains investment grade at BBB- with Stable Outlook by Fitch and Baa3 with Stable Outlook by Moody's.

Selective Investment in Key Growth Markets

Capital expenditure of $687 million invested across the existing portfolio during the first half of the year.

Capital expenditure guidance for 2021 is for approximately $1.2 billion with investments planned into UAE, Canada, Jeddah (Saudi Arabia), Berbera (Somaliland), Sokhna (Egypt), Luanda (Angola), P&O Ferries, London Gateway (UK) and Callao (Peru).

Acquisitions to bring value-add capabilities, exposure to high growth markets and long-term relationship with cargo owners

Announced acquisitions of syncreon and Imperial Logistics.
Acquisitions bring value-add capabilities in fast growing markets and verticals.
Adds long-term relationship with cargo owners.

Strong 1H2021 Performance, Near Term Outlook Positive

Portfolio has delivered strong performance in 1H2021 on higher consumer spend and rebound in global trade.
Near term outlook remains positive but we expect growth rates to moderate.
DPW focused on delivering integrated supply chain solutions to cargo owners to drive growth and returns.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: \"We are delighted with the strong set of first half results with adjusted EBITDA growing 18.2% and attributable earnings rising 51.9%. This significant growth once again demonstrates that we are in the right locations and a focus on origin and destination cargo will continue to deliver the right balance between growth and resilience.

In recent years we have seen cargo owners respond positively to our integrated end-to-end product offering and we aim to continue with our drive to enable trade. Our recently announced acquisitions of Imperial Logistics and syncreon bring value-add capabilities in high growth verticals and markets, which will allow us to offer a more compelling set of supply chain solutions. By leveraging our best-in-class infrastructure across inland logistics, ports & terminals, economic zones and marine logistics network, DP World aims to lower inefficiencies and provide improved connectivity in fast growing trade lanes such as Asia, Middle East & Africa.

\"Importantly, we continue to make positive progress with our capital recycling program and this combined with the strong operational performance, leaves us well positioned to deliver on our 2022 combined (DP World and PFZW) leverage target of less than 4x Net Debt to adjusted EBITDA (Pre IFRS16).

\"Overall, the near-term outlook remains positive, and while we are mindful that the Covid-19 pandemic and geopolitical uncertainty could once-again disrupt the global economic recovery, we remain positive on the medium to long-term fundamentals of the industry and DP Worlds ability to continue to deliver sustainable returns\".

","pubDate":"Thu, 19 Aug 2021 09:04:18 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_viewofcranesathongkongterminal.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_viewofcranesathongkongterminal.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/viewofcranesathongkongterminal.jpg?10000","ppImageTitle":"View+of+cranes+at+Hong+Kong+terminal","ppImageDescription":"SONY DSC"},{"title":"Successful real-world trial of BOXBAY high bay storage system completed","link":"https://www.dpworld.com/news/successful-real-world-trial-of-boxbay-high-bay-storage-system-completed/","guid":"https://www.dpworld.com/news/successful-real-world-trial-of-boxbay-high-bay-storage-system-completed/","caseid":"470532","boilerplate":"

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63,000 container moves carried out at full-size proof of concept installation in Jebel Ali Port
Data gathered shows BOXBAY is even more efficient than anticipated
Innovative technology makes possible dramatic improvements to the efficiency of ports

DP World has completed testing of the BOXBAY high bay storage concept at the first full-size facility constructed at Jebel Ali port in Dubai, proving that the innovative technology works in the real world. More than 63,000 container moves have been completed since the facility, which can hold 792 containers at a time, was commissioned beginning this year. The test exceeded expectations with BOXBAY faster and more energy efficient than anticipated.

BOXBAY is a Joint Venture between DP World and German industrial engineering specialist SMS group. The system stores containers in slots in a steel rack up to eleven high. It delivers three times the capacity of a conventional yard in which containers are stacked directly on top of each other, meaning the footprint of terminals can be reduced by 70 percent. In BOXBAY containers are moved in, out and between slots by fully electrified and automated cranes built into the structure. Individual containers can be accessed without moving any others. The whole system is designed to be fully powered by solar panels on the roof.

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, said: “This test proves that BOXBAY can revolutionise how ports and terminals operate. The technology we have developed with our joint venture partner SMS group dramatically expands capacity, increases efficiency, and makes the handling of containers more sustainable. BOXBAY is part of DP World’s vision to apply innovation to enable global trade and be a provider of smart logistics solutions.”

Modifications made during the trial compared to the original design further improve performance and significantly reduce investment required for future installations. High performance levels of BOXBAY – 19.3 moves per hour at each waterside transfer table to the straddle carrier and 31.8 moves per hour at each landside truck crane – will also reduce the equipment needed in a terminal. Operating costs are also lower than anticipated, with energy costs better by 29 percent, all at significantly reduced maintenance costs.

Mathias Dobner, Chairman and CEO of BOXBAY, said: “BOXBAY and its partner companies are very pleased with the results of the first six months of operation. In important parameters such as performance, reliability, energy consumption and many more our goals have been exceeded by far. For ports worldwide, this innovative and disruptive technology will not only increase their over-the-quay-wall handling volumes and container storage capacity, but will also allow them to make a further step towards sustainability, as power regeneration and solar panels on the roof help reduce the CO₂ footprint to a minimum”.

","pubDate":"Tue, 17 Aug 2021 09:08:52 +0200","enclosure":{"@attributes":{"url":"https://content.presspage.com/uploads/2451/500_renderedoverviewofentireboxbayatjafza.jpg?10000","length":"0","type":"image/jpg"}},"ppImage":"https://content.presspage.com/uploads/2451/500_renderedoverviewofentireboxbayatjafza.jpg?10000","ppImageOriginal":"https://content.presspage.com/uploads/2451/renderedoverviewofentireboxbayatjafza.jpg?10000","ppImageTitle":"Rendered+overview+of+entire+Boxbay+at+Jafza"},{"title":"DP World to facilitate trade finance in boost to small and medium sized enterprises","link":"https://www.dpworld.com/news/dp-world-to-facilitate-trade-finance-from-dubai-international-financial-centre-in-boost-to-small-and-medium-sized-enterprises/","guid":"https://www.dpworld.com/news/dp-world-to-facilitate-trade-finance-from-dubai-international-financial-centre-in-boost-to-small-and-medium-sized-enterprises/","caseid":"468185","boilerplate":"

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Licence granted to DP World Financial Services Limited (DPWFS) to operate from Dubai International Financial Centre (DIFC)
DPWFS will provide access to DP World’s CARGOES Finance platform for financial institutions and companies seeking trade finance
Latest step in DP World’s trade enabler strategy

DP World Financial Services Limited, DP World company is to begin facilitating access to trade finance for smaller companies as part of DP world’s strategy to become a global trade enabler. DP World Financial Services Limited has been granted a licence from the Dubai Financial Services Authority to operate as an authorised firm in Dubai International Financial Centre (DIFC). The newly licenced firm will connect companies needing trade finance solutions with financial institutions on its DP World’s CARGOES Finance platform*.

Small and medium-sized enterprises make up the bulk of economies around the world, including in Dubai. But they struggle to obtain the capital they need because there is limited data available on their trading history. In addition, manual, paper-based processes used to move goods around the world mean there is limited visibility on where goods are in transit making it difficult for financial institutions to finance shipments.

DP World’s CARGOES Finance Platform intends to bring real-time data on trade passing through its digitalised global ports and logistics network to give financial institutions the information they need to accurately assess credit and compliance risks.

Sultan Ahmed Bin Sulayem, CEO and Chairman of DP World, said: “DP World’s objective is to enable global trade, including through digital innovation. Access to trade finance is critical to the survival and growth of exporters, importers and logistics companies which are the drivers of the global economy. CARGOES Finance platform provides financial institutions the opportunity to lend with confidence and helps smaller companies to access the capital they need. It will be a lead generator and source of new business for financial institutions, and a window of financing opportunities for traders”.

Mike Bhaskaran, Chief Operating Officer, DP World, said: “We are excited to work with DIFC to help enterprises get improved access to trade finance. This project is an important part of DP World’s strategy to be a global trade enabler, creating opportunity and prosperity. Together with DIFC we aim to make Dubai an ever more significant hub for the world’s trade.”

Arif Amiri, Chief Executive Officer of DIFC Authority, said: “DIFC is home to over 3,200 firms and we are delighted that DP World is joining them, recognising the opportunities available in the Centre to help diversify their business. DIFC and DP World are helping reaffirm Dubai’s reputation for being the region’s most business-friendly destination, shaping the future of finance and as a global hub for trade. Operating from DIFC will give DP World access to the many financial services companies in our ecosystem who provide solutions that facilitate global trade through Dubai. Those firms will be able to integrate with the CARGOES platform which provides an innovative approach focused on giving support to small and medium businesses who play an important role in our economy”.

CARGOES Finance is being launched first in Dubai and can be accessed via the CARGOES platform at https://cargoes.com/finance

(*) Financial services on the CARGOES Finance platform are provided by DP world Financial services Limited. CARGOES by DP World, provides a suite of enterprise services and products for the world of logistics and trade. DP World Financial Services Limited is a company registered in the Dubai International Financial Centre (DIFC) and Regulated by Dubai Financial Services Authority (DFSA).

","pubDate":"Wed, 11 Aug 2021 09:12:39 +0200","enclosure":{"@att

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