logistics operations Archives

APM Terminals, operator of the Khalifa Bin Salman Port (KBSP), welcomed its first Bahraini national onto the C-suite over the last quarter and Bannerman is confident it won’t be the last.

Bahrain gateway port forecasting ‘strong growth’ despite continued Covid concerns

by ITPThu 8 Jul 2021Wed 6 Oct 2021

Khalifa Bin Salman Port in Bahrain brings in 90 percent of goods to the kingdom and contributes around 16 percent to the total GDP of the Gulf country

acquisition

DP World reveals plan to buy South Africa’s Imperial Logistics for $890m

by BloombergThu 8 Jul 2021Wed 6 Oct 2021

Deal is expected to close by the first quarter of 2022

The warehousing and distribution logistics facility in the US state of Ohio, is leased to courier giant FedEx Inc.

acquisitions

GFH Financial Group acquires Ohio distribution facility in $100m deal

by Staff writerSun 27 Jun 2021Tue 9 Nov 2021

Purchase marks more than $300m invested in GFH’s North American and European logistics operations, while the company boasts over $12bn of assets under management globally

Digital trucking

UAE-based start-up Trukkin completes $6.9m Series A fund-raising round

by ITPWed 9 Jun 2021Wed 6 Oct 2021

Trukkin has grown threefold since the onset of the pandemic and now serves 12 countries across the Middle East region

COSCO Shipping Ports

Saudi Jeddah port eyes overseas deals after wealth fund backing

by BloombergWed 26 May 2021Wed 6 Oct 2021

Red Sea Gateway Terminal reveals $500m international investment plans over next three years

container terminal

DP World records 10.2% Q1 volume growth across global portfolio

by ITPThu 22 Apr 2021Wed 6 Oct 2021

Company’s Jebel Ali terminal handled 3.5 million 20-foot equivalent units in the first three months of the year, up 2.6% year-on-year

Tristar, a subsidiary of Kuwaiti logistics firm Agility Public Warehousing Co. KSC, operates in 20 countries.

GCC IPO market

Dubai eyes its second IPO in three years with Tristar listing

by BloombergTue 23 Mar 2021Wed 6 Oct 2021

Company plans to offer up to 24% of its shares in the IPO, valuing it at as much as $964 million

The progress of the WLP network will be showcased during the inaugural World Logistics Passport e-Summit in May, tagged the Davos of Freight.

Dubai economy

Dubai-led World Logistics Passport expands to facilitate global trade

by Staff writerSun 21 Mar 2021Wed 6 Oct 2021

Freight loyalty programme is being rolled out in 11 countries including India, Indonesia, Thailand, Brazil, Colombia and South Africa

DP World

DP World CEO said giant performed ‘better than expected’ in 2020 amid 27% drop in profits

by Staff writerThu 18 Mar 2021Wed 6 Oct 2021

Company reported 11% increase in revenues, while EBITDA grew 0.4% to $3.319bn

Distributing Covid-19 vaccines is humanity's biggest logistics challenge since the end of the Second World War, Bin Sulayem said.

Coronavirus vaccine

DP World CEO urges corporations to join Covid-19 vaccination distribution effort

by ITPThu 11 Mar 2021Wed 6 Oct 2021

Sultan Ahmed Bin Sulayem told World Government Summit Dialogues pandemic will not end until vaccine is available to everyone

Aramex

Dubai’s Aramex to appeal after losing $40m lawsuit over Morocco warehouse fire

by Staff writerMon 22 Feb 2021Wed 6 Oct 2021

Logistics major says it reserves the right to explore ‘all available legitimate options’ to deal with the lawsuit

Abu Dhabi business

Video: Abu Dhabi’s KIZAD Freezone SME packages

by ITPSun 18 Oct 2020Wed 6 Oct 2021

SMEs are a crucial component of Abu Dhabi’s business landscape and one of the main pillars of the Ghadan 21 programme, which KIZAD adheres to. Approximately 98 percent of all companies in Abu Dhabi are SMEs, which contribute 29 percent of its GDP and 44 percent of its non-oil economy.