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DP World increases volumes in first half of the year

DP World increased its volumes during the first six months of 2019 following good results in the Pacific region, the Indian subcontinent and Africa. "Encouragingly, despite uncertainty from the trade war, we have seen robust volumes," states the terminal operator's CEO.

Unifeeder exceeded own expectations in 2018

Both revenue and result improved at Unifeeder in 2018, a year that saw the shipping company being sold to DP World in a major transaction. The company expects a more flat development this year.

DP World appoints new transitional board for Unifeeder

The new owner is setting its own transitional board of directors for acquisition Unifeeder. DP World's chief executive takes over as chairman, replacing former Maersk CEO, while Unifeeder's CEO also joins the new board of directors.

DP World looking at Eritrea as a way to sidestep Djibouti troubles

Arabian port major DP World is considering investing in Eritrea as a possible key destination at the Horn of Africa, says CEO. Eritrea could thus become an alternative to Djibouti, where the company is in a dispute with the government concerning a terminal concession.

Last week's top stories on ShippingWatch

Two bulk operators find themselves in trouble due to the contaminated bunker, which has spread to several major ports. Disappointing results and downgrades for container carriers. Low tanker rates, and DP World, in a surprise move, acquired Denmark's Unifeeder. Read this week's top stories.

DP World upgraded by rating agency

On the same day as the Unifeeder acquisition went through, port company DP World had its credit rating upgraded by the recognized agency Moody's.

Unifeeder sale could kick off new consolidation

DP World's acquisition of Unifeeder could help launch a corresponding process in Asia with Hutchison, PSA and Cosco as drivers, notes analyst after Tuesday's transaction. The concentration of port and shipping interests has acquired a new dimension.

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