The Suez Canal is an important source of dollar revenues for Egypt
About 12 per cent of world shipping traffic transits the canal and 4-8 per cent of global LNG cargoes have passed through it in 2023
The deal allows Noatum Terminal Castellón to expand its operational capacity for bulk, general cargo, and container processing
The 810,000 square metre project will have a dock length of 1,100 metres and a depth of 17 metres
The authority signed the contracts with Zamil Marine Services and Naghi Marine Company to provide diverse maritime services
The new head office provides a platform for clients and partners to engage with the port operator’s entire portfolio
The Middle East crisis is already raising shipping and insurance costs through the critical Red Sea area
DP World has committed to becoming carbon neutral by 2040 and net zero carbon by 2050
Dubai’s reputation as one of the top global shipping hubs is further entrenched amid a rise in customs transactions this year.
Featuring the latest sorting and processing technology to ensure precision, the new facility is equipped with non-stop CCTV surveillance, improved access control, and strict security protocols
The company’s board of directors approved an interim cash dividend of $65m (Dhs239m) for Q2 2023, equivalent to 3.2 fils per share
AD Ports’ acquisition signifies an increase of around 20 per cent in offshore and subsea capacity for the group, boosting Middle East and Southeast Asia operations
The company kept its full-year guidance for revenue and operating profit but now expects both to land at the lower end of the range
The JV is expected to create more than 20,000 work opportunities
DP World will initially invest more than $250m to upgrade the port and the investment could increase to $1bn during the concession period
Danzas AEI Emirates to be fully integrated into DHL Global Forwarding network and to re-brand to the DHL brand
The deal implies an enterprise value to EBITDA ratio of around 3.5x based on the company’s last twelve months performance to August 2023
The vice chairman of Agility shines the spotlight on the company’s growth and sustainability strategies, and how the company is supporting SMEs and fair trade
The state-owned firm has undertaken substantial investments spanning multiple countries across the globe
Dubai is the only Arab city on the Index that features 20 of the world’s most prominent international maritime centres
At Expo City Dubai, Kuehne+Nagel will be the sole ground handler for all logistics activities on-site, like building country pavillions and stages for panel discussions
The two entities agreed to leverage AD Ports’ cargo handling and storage infrastructure to advance urea and ammonia storage and shipping capabilities
The zone will be operated by SPARK Logistics, a JV between SPARK and Hutchison Ports and will handle ten million metric tonnes of cargo
The partnership will aim to enhance supply chain solutions in Turkey
The kingdom will build 59 logistics centres with a total area of more than 100 million square meters
DP World currently operates five container terminals in India – two in Mumbai, one each in Mundra, Cochin and Chennai
The tour showcased the infrastructure of India’s largest private port and the conglomerate’s strong financial conditions
Etihad Rail’s new fleet will contribute towards reducing carbon dioxide emissions as it consolidates the transport of goods and cargo
The GCC railway project will include a line connecting Oman’s Suhar to UAE capital Abu Dhabi
The group’s net profit increased by 3 per cent year-on-year to Dhs310m in Q2 2023