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For the six months ending June 30, 2022, DP World Limited reported impressive financial results, with total revenue increasing by 60.4% on an annual basis and 20.1% on a like-for-like basis. Acquisitions, the efficient operation of feeder services, and the expansion of high-margin cargo all contributed to increased revenue. The increase in storage demand drove […]
AD Ports Group, one of the region’s leading logistics, industry, and trade facilitators, announced that revenue for the second quarter increased 35% year on year to AED1.24 billion ($337.5 million), with revenue increasing 25% year on year in H1 2022, achieving record results for H1 growth primarily driven by the Maritime and Economic Cities & […]
According to a worldwide index produced by the World Bank and S&P Global Market Intelligence, four out of five of the world’s most efficient ports are located in the Middle East. The area dominates the top five in a ranking of 370 ports. These included Saudi Arabia’s King Abdullah Port (first), Oman’s Port Salalah (second), […]
DP World and the Saudi Ports Authority (Mawani) announced the signing of a 30-year deal for more than SAR 500 million ($133.33 million) to construct a state-of-the-art, port-centric Logistics Park at the Jeddah Islamic Port. The 415,000 square meter purpose-built facility will expand DP World’s regional presence and deliver cutting-edge multi-modal logistics solutions to the […]
Over the last decade DP World has made investments in billion and the current investment of £300 million will build on the £2 billion investment this depicts the next step by the leading global provider of smart logistics in delivering integrated supply chain solutions for customers. The Group Chairman and Chief Executive Officer of DP […]
The Suez Canal blockage has caused huge jam of vessels, holding up goods worth $400 million an hour approximately. Ever Given, the 400 meter long and weighing around 200,000 ton, deemed to be a Megaship which is operated by Taiwan based firm Evergreen has been stuck in the Southern end of the canal. The canal […]
The Anglo-Swedish drug maker AstraZeneca plc will deliver an additional 9 million vaccine doses to the European Union in the first quarter of 2021 despite the Chaos. Ursula von der Leyen, the president of European Commission announced on twitter that the AstraZeneca would start delivering the vaccine a week earlier than scheduled and expand its […]
Diplomatic tensions rise between Australia and China due to anti – dumping measures imposed by China on Australian wine, Australia said it was “extremely disappointed” with china’s decision to impose preliminary tariffs. David Littleproud, Australia’s Agriculture Minister said “Today’s decision is a seriously concerning development and one which Australia will be vigorously fighting against,” “The […]
Sweden and Finland are working jointly to develop and design a new generation of Icebreakers. The motive of the project is to select the design of a new vessel that will meet the challenges of the shipping industry while also responding to environmental concerns. The design project, which is valued around $3.5 and $4.5 million, […]
