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DP World announces new marine unit after Topaz acquisition

P&O Maritime Logistics will focus on three strategic segments – offshore, port services and logistics

DP World announces new marine unit after Topaz acquisition
Sultan Ahmed bin Sulayem, group chairman and CEO of DP World.

P&O Maritime Logistics (POML), a Dubai-based marine solutions and logistics company, has been formed following DP World’s recent acquisition of Topaz Energy and Marine and its integration with P&O Maritime.

Sitting under the DP World umbrella, the POML business will focus on three strategic segments – offshore, port services and logistics, a statement said.

A core focus for POML’s will be the further optimisation of offshore logistics for energy companies, it added.

The company will be led by former Topaz Energy and Marine CEO, René Kofod-Olsen.

Sultan Ahmed Bin Sulayem, chairman and CEO of DP World, said: “By bringing together the expertise of two great DP World companies, we will be strengthening the overall P&O brand which brings with it a legacy of more than 180 years of maritime history. We look forward to seeing the company develop through its next phase of growth under René’s leadership, delivering the craftsmanship its customers have rightfully come to expect.”

Olsen added: “Our industry is constantly changing and evolving. Customers now want a handful of select, trusted, suppliers who can provide much more than one single service. P&O Maritime Logistics is strategically positioned to provide a wide portfolio of services to our customers, be it within one segment such as offshore or port services, or an integrated logistics offering with a combination of services.

“As the offshore industry remains in a state of anticipated recovery, with 2020 likely going to be another challenging year, P&O Maritime Logistics gets to steward one of the most historic names in the maritime industry as it enters this new chapter.”

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