Is DP World’s ‘One-Stop Shop’ Ambition Too Risky?

By Mike Wackett (TheLoadstar) DP World’s planned acquisition of European shortsea container line Unifeeder took the industry by surprise when the deal was announced earlier this month. The rationale for the global port operator’s proposed $765m purchase of North Europe’s leading feeder and domestic container carrier from private equity group Nordic Capital has had analysts … [Read more...]

DP World Acquires European Logistics Firm Unifeeder for 660 Million Euros

Some big news this week from one of the world's top port operators and self-proclaimed global trade enabler. On Tuesday, Dubai-based DP World announced plan to acquire 100% of Unifeeder, the largest container feeder and growing shortsea network operator in Europe, for 660 million euros. DP World said the acquisition from Nordic Capital Fund VIII and certain minority … [Read more...]

London Court Rules DP World Djibouti Contract is ‘Valid and Binding’

DUBAI, Aug 2 (Reuters) - Dubai's government said on Thursday the London Court of International Arbitration (LCIA) has ruled DP World's port container terminal contract in Djibouti was valid and binding. The government of Djibouti seized the Doraleh Container Terminal from DP World in February over a dispute dating back to at least 2012. Dubai government-controlled DP World … [Read more...]

DP World May Develop $1.2 Billion Port at Banana on Congo Coast

By William Clowes and Michael J. Kavanagh (Bloomberg) -- DP World Ltd. may develop a $1.2 billion deep-water port in the Democratic Republic of Congo, according to documents published by a Senegalese whistle-blowing organization. DP World signed an agreement with the Transport Ministry in February 2017 giving the Nasdaq Dubai-listed company exclusive rights to negotiate a … [Read more...]