The company said revenue grew 20 percent year-on-year to $5.65 billion, while net profit increased 16 percent, supported by strong performance across its ports, economic cities and free zones, and maritime and shipping clusters.
Bangladesh aiming at direct shipping line to UAE for faster connectivity
Bangladesh wants to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two thirds and pave the way for exponential growth in bilateral trade, Bangladesh AK Abdul Momen foreign minister has said. Momen is on a four-day official visit to the UAE. He...
DP World Q4 volume up 2.6%
The gross container volumes rose by 9.4% year-on-year.
‘Challenging year ahead for logistics industry’
Companies have used innovative methods to keep their operations running while overcoming numerous challenges linked to Covid-19 pandemic. However, the situation in the air freight market "continues to remain challenging," according to DHL Global Forwarding Middle East & Africa CEO Amadou Diallo.
DP World adds LatAm infra
It will add warehouses in Ecuador and the Dominican Republic.
Egypt’s private sector non-oil activity shrinks in Nov as input costs rise
Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey said. Media reports said IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold...Why are global freight rates so high?
As the world looks to pare inflation, it is facing headwinds from the high freight rates currently prevalent all across the globe.
Saudi Arabia tops region’s maritime connectivity progress
Saudi Arabia has scored 70.68 on the Maritime Connectivity Index.
India to share white shipping info with Gulf countries
India has said in a statement that the MoU would ‘contribute to enhanced maritime safety and security in the region.’
Drydocks World develops ‘South Yard’
The latest project is aimed at increasing the company’s fabrication capacity.
Shipping industry evades gloom, makes big money
The pandemic might have battered other sectors of the world economy, but the shipping industry has raked in revenues not seen since 2008.As an industry, we need to have more sustainability, says DP World CEO
While speaking exclusively with TRENDS at World Economic Forum at Davos, Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, says the world is witnessing a positive shift in terms of sustainability. What would you say about the economic outlook for 2018? How is it being reflected in the shipping and transport...
