DP World’s shareholders today backed the Dubai-based global terminal operator’s plan to delist its shares on the London stock exchange on the basis that they are too thinly traded there.
United Arab Emirates
United Arab Emirates
29 May 2014
Kuwait-based third-party logistics provider Agility has opened a new warehouse in the Khalifa Industrial Zone in Abu Dhabi, the United Arab Emirates, as part of its expansion strategy.
09 May 2014
Multiple carriers have planned general rate increases in various trade lanes in May and June, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
05 May 2014
Mediterranean Shipping Co. said it will launch a direct service connecting India, the Middle East, the Red Sea and the United States.
29 Apr 2014
Stronger global trade growth and new capacity in the United Kingdom and Brazil boosted DP World’s traffic by 11.6 percent in the first quarter.
18 Apr 2014
Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.
15 Apr 2014
Sharply higher shipments to China and India helped Etihad Airways boost its freight traffic in the first quarter by 26 percent to an all-time high.
07 Apr 2014
U.S. containerized exports tumbled 9.0 percent year-over-year in February to 923,493 TEUs, the lowest monthly volume in 32 months, according to preliminary figures from PIERS, the Data Division of JOC Group. This 9.0 percent drop was also the steepest year-over-year decline since August 2009.
20 Mar 2014
DP World posted a 10.9 percent increase in net profit in 2013 as it focused on fast-growing emerging markets, but revenue and container volume declined on capacity constraints, asset disposals and tough market conditions.
17 Mar 2014
U.S. containerized exports slipped 1.2 percent year-over-year in January to 958,708 TEUs...
12 Mar 2014
Etihad Rail, the United Arab Emirates’ national railway network developer and operator, has signed a memorandum of understanding with Abu Dhabi Ports Co. for the development of an integrated bulk and container railway terminal facility at Khalifa Port.