UAE's Gulftainer appoints former DP World exec as new CEO

World's largest privately-owned port operator names Flemming Dalgaard as new chief executive
By Staff writer
Mon 29 Feb 2016 04:32 PM

UAE-based Gulftainer, the world’s largest privately-owned, independent port operator, on Monday announced the appointment of a former DP World senior executive, Flemming Dalgaard, as its new CEO.

Former CEO Peter Richards will now serve on Gulftainer’s Executive Board and lead the expansion of the company’s footprint in the United States as CEO of Gulftainer USA, a statement said.

Dalgaard joined Gulftainer in August 2015 to manage its international operations. In his new role as CEO, he is mandated to oversee the strategic growth of the company, which currently operates and manages ports and logistics businesses in the UAE and internationally across Iraq, Brazil, Lebanon, Saudi Arabia and the US, it added.

With over 30 years in the international maritime industry, Dalgaard also served as senior vice president for Group Strategy at DP World and CEO for DP World Europe and Russia region. 

Gulftainer has recorded consistent growth year-on-year over the past decade, averaging more than 12 percent, compared to global market growth of 8.6 percent during the same period.

Badr Jafar, chairman of Gulftainer’s Executive Board, and CEO of Crescent Enterprises, said: “In his 30-year career with the company, Peter Richards has spearheaded efforts to ensure Gulftainer’s transition from a home-grown UAE company into an international player in the global port operations business. The board has great confidence in his abilities to further accelerate our growth within the US market, and we wish him many more productive years with the Gulftainer family.”

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