Analysts worry that a lack of long-term cargo growth in the Arabian Gulf could result in large amounts of unused capacity at the competing ports of Jebel Ali in Dubai and Khalifa in Abu Dhabi, United Arab Emirates.
DP World’s efforts to reach shippers directly through logistics and technology acquisitions is visible in the growth of its non-port-operating revenue last year.
DP World continues to expand its basket of digital services to complement investments it’s made in physical assets, all designed to funnel volume into its terminal operating network.
Maersk has shifted its call at Jawaharlal Nehru Port Trust (JNPT) on the India/Middle East–Mediterranean ME2 service to the PSA-operated BMCT after increasing vessel capacity on the loop to an average of 10,000 TEU.
In its drive to be more than a port terminal operator, DP World is spearheading a program that gives traders in “south–south” lanes between emerging markets logistics benefits for routing trade through Dubai’s airport and seaport.
A short-sea sailing on Oct. 20 marked the first cabotage shipment on the Montreal-Toronto route since the early 1980s, while DP World plans to expand its short-sea network in the greater Vancouver area.
DP World and the Maritime Union of Australia (MUA) say they expect to finalize an employment agreement covering the terminal operator's Port Botany facility in Sydney next week.
DP World subsidiary Unifeeder ISC has agreed to purchase three business units of the Mumbai-based Transworld Group, including the short-sea and transhipment carrier Shreyas Shipping and the forwarder Avana Logistek.
The addition of DP World to Maersk and IBM’s blockchain platform TradeLens is a feather in the cap of the still nascent container logistics network, bringing a string of more than 80 terminals and associated business into the fold.
DP World’s rollout this week of an online freight booking platform for forwarders continues its campaign toward broadening its reach in containerized supply chains.
The Dubai-based operator’s acquisition of the Fraser Surrey Docks, which handled 350,000 TEU last year, was completed with partner Caisse de dépôt et placement du Québec, a pension fund.
Australian shippers are breathing a sigh of relief, at least for now, after a court order was issued preventing longshore workers from striking against DP World Australia amid an ongoing 16-month contract dispute.
DP World, in a letter to Russian regulators seeking to buy a stake in intermodal transport group Fesco, said it would invest $350 million in the Vladivostok seaport and expand the company’s railcar fleet.
The Dubai-based global port terminal operator is looking to position an existing inland freight terminal in Hyderabad as a regional multimodal distribution hub as part of a larger effort to offer integrated logistics services in India.
India is investing $500 million in Iran’s Chabahar port, but a lack of demand has forced the Indian government to consider offering tariff discounts at Indian ports for carriers en route to Chabahar.
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Ongoing labor tension between dockworkers and DP World Australia ratcheted up on Thursday after the company said it would cut 10% of its workforce. Shippers, meanwhile, are feeling the impact of ongoing strike action by dockworkers.
With a three-month cooling-off period come and gone without a new deal, dockworkers at DP World’s Australian container terminals are putting the heat on the company this week with a series of strikes.
The terminal operator’s acquisition of a majority stake in three large inland logistics centers in North India builds on services offered via Indian intermodal subsidiary Container Rail Road Services (CRRS).
The purchase of Fraser Surrey Docks will increase the Dubai-based terminal operator's footprint on the Pacific coast of Canada, although the river port has limited potential for container cargo growth.
The $421 million acquisition of P&O Ferries builds on the Dubai-based terminal operator’s purchase of European shortsea and feeder specialist Unifeeder last August.
A new record call size at DP World’s “futuristic” NSIGT facility is the latest example of efforts to attract carriers by offering more efficient terminal operations.
Foreign carriers are now free to transport containers for transshipment between Indian ports, but high port-vessel-related charges and a lack of sufficient gateway cargo remain a deterrent to mainline carriers looking to offer regular calls at Cochin.
The dispute essentially centers on extra charges BMCT’s customers have had to incur for rail cargo handled by mixed trains connecting at other terminals at Jawaharlal Nehru Port Trust.
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“This is a result of the excellent all-round operations by the team and the state-of-the-art technology, which has enabled the terminal to log higher productivity and operational efficiencies,” DP World said.
Local political groups and trade unions leading the strike have, in their public announcements, stated that demonstrators will stage blockades at port entry/exit points to halt operations.
Mediterranean Shipping Co. will lead a revamped, upsized weekly route connecting India, the Middle East, and the Mediterranean, under a vessel-sharing agreement with CMA CGM and Cosco Shipping Lines.
The investment is a part of a strong push by DP World to diversify beyond its core container cargo handling business with more investment in assets that link the global terminal operator directly with shippers and logistics service providers.
JNPT handles the majority of India’s container cargo and, as such, smoother/seamless supply chains there are a critical component of sustained economic growth in India.
The Dubai-based port operator said the transfer of Port de Djibouti SA shares in the terminal joint venture to the government of Djibouti appeared to be an attempt to undermine a new ruling by the English High Court on the increasingly acrimonious dispute.