The expansions will take DP World’s total gross capacity to 93.6 million TEUs.
shipping containers
Latest in shipping containers
Jubail Commercial Port
Saudi Ports Authority adds Jubail Commercial Port to India Gulf Service shipping route
The new cargo service will commence from February 12
Aladin Express
Mawani announces launch of Gulf-India Express 2 from Dammam’s King Abdulaziz Port in bid to boost trade
The new service will connect the capital of the Kingdom’s Eastern Province to the ports of Jebel Ali in the UAE, Khalifa Bin Salman in Bahrain, Hamad in Qatar, and Mundra in India
acquisitions
AD Ports buys majority stakes in Egyptian maritime companies for $140 million
AD Ports Group, which was established in 2006, owns and operates 10 ports in the UAE
Dubai South
Maersk to double operations in UAE, signs deal to expand into Dubai South
Titled ‘Maersk Integrated Logistics Centre DWC’, the facility is 15,000 square metre (approximately 162,000 square feet) and will have a capacity to cater to 15,000 pallet positions and 10,000 bin locations
container terminal
Saudi import of empty containers jumps by 331 percent during Jan-May 2022
The surge in import volumes was a direct result of Mawani’s recent initiative to slash the handling charges of empty containers by half for one year
Abu Dhabi
Abu Dhabi Ports buys $140 million majority stake in Egyptian logistics firm in first international acquisition
Egypt is a crucial part of the company’s strategy for international expansion, an official said
Abu Dhabi
SAFEEN Feeders expands fleet with acquisition of two Supramax vessels
Acquiring bulk ships is part of its long-term strategy to expand into different domains of the maritime shipping sector
DP World
DP World and Saudi Ports Authority partner for logistics park at Jeddah
They have signed a 30-year deal with an investment value of more than SAR500 million (AED490 million) aimed at reducing the time and cost of logistics for importers and exporters
acquisitions
“Uncertain macro environment” contributes to softened volume growth for DP World in Q1 2022
DP World’s gross container volumes increased by 1.7 percent year-on-year on a reported basis and up 1.9 percent on a like-for-like basis
cargo vessels
Decentralising cargo movement could ease supply chain issues such as port congestion, rising freight costs: expert
Traders, shipping lines, drivers, feeder vessels and government departments all have a part to play to help reduce an already struggling system, the chief commercial officer at Gulftainer said
Abu Dhabi
AD Ports Group’s net profits soar to $232.2mn in 2021 driven by volume growth, diversification, and partnerships
General cargo volumes reached record levels of 45 million metric tonnes in 2021, up from 30 million metric tonnes in 2020
commercial shipping
Shipping container shortage to continue ‘well into 2022’, says leading GCC port operator
Mark Hardiman, CEO of the Port of Salalah, in Oman, admitted the schedule reliability around the world has been a ‘major issue’, with vessels continuing to be delayed in China and the Far East, Europe and, mostly, on the west coast of the US
airport operations
Video: How coronavirus is changing global shipping routes
The pandemic has put intense pressure on the flow of ships from Asia to the west.
Artificial intelligence
Video: The future of shipping – robotics and reshoring
Container ships may shrink in size if manufacturing moves closer to its markets.
Arjun Menon
Meet The Entrepreneur: Smart Box’s Arjun Menon
Established in 1997, Smart Box Industries LLC is the region’s leading pre-engineered steel modular construction specialist.