DP World Raises $2.3Bln, Rings Nasdaq Bell
Sultan Ahmed Bin Sulayem, Group Chairman and CEO of the global port operator DP World, rang the market-opening bell at Nasdaq Dubai to mark the listings of two sukuks (Arabic name for financial certificates) and two conventional bonds worth $2.3 billion.DP World will use the capital raised for debt refinancing and to fund growth opportunities.The listings, carried out during 2019, comprise two Sukuk of one billion US dollars and 500 million US dollars, and two conventional bonds of 500 million US dollars and 300 million US dollars.Sultan Ahmed Bin Sulayem…
UAE Joins ICS
UAE maritime industry, yesterday (Tuesday 24th September) saw the UAE Shipping Association (UAESA) becoming a full member of the International Chamber of Shipping (ICS).The signing, which took place on Day 2 of Seatrade Shiptech at the Madinat Jumeirah, Dubai, UAE, will provide a framework for closer collaboration between the two associations. The event is a part of the UAE Maritime Week taking place under the patronage of His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum…
DP World Sets Its Sights on Hyperloop Cargo Shipping
Dubai-based port operator DP World has partnered with Sir Richard Branson’s Virgin Hyperloop One to create a new venture that aims to provide hyperloop-enabled cargo systems.DP World and the U.S.-based Virgin Hyperloop One introduced their vision for “the future of on-demand freight transportation” at an event on April 29 at the historic vessel Queen Elizabeth 2.The joint venture, called DP World Cargospeed, will set out to be the world’s first to ship cargo with hyperloop technology.
DP World, Tata Group Mull Cooperation Opportunities
Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer, DP World, has met senior executives from India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice. Discussions covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services. The meeting was attended by Ahmed Al Haddad, Chief Operating Officer, Jafza, and Mahmood Al Bastaki, CEO, Dubai Trade. Bin Sulayem outlined DP World’s operations across 40 countries…
DP World Opens Logistics Center in Peru
DP World has opened the first smart logistics centre in Lurin, Peru connected through optical fibres to its terminal at Callao Port, near the capital Lima. The centre will deliver information to the port and customs enabling customers to manage the movement of their cargo using their own electronic devices and smartphones. The inauguration ceremony for the centre was attended by Fiorella Moulinilli, the Peruvian Deputy Transport Minister, Jose Arakaki Nakamine, Mayor of Lima, DP World Group Chairman and CEO Sultan Ahmed bin Sulayem…
Clarksons Platou's Inaugural Seminar at DMCA’s Dubai Maritime Week
The Dubai Maritime City Authority (DMCA) is set to facilitate a first-of-its-kind seminar dedicated to Middle East shipping and offshore activities. The event will be conducted by Clarksons Platou, a global leader in maritime brokerage and investment banking, as part of Dubai Maritime Week 2016 – the third edition of the region’s first comprehensive maritime event organized by the Authority, which will run from October 30 to November 3. The seminar is expected to attract several…
DP World Chairman Meets Argentine President
DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem has met Argentinian President, Mauricio Macri in Beunos Aires to discuss cooperation in the ports and cruise terminals sector. The meeting was attended by the Argentinian transport cabinet including Minister of Transport, Guillermo Dietrich; President of the Port Authority, Gonzalo Mortola; Under Secretary of Waterways, Jorge Metz; Advisor for Foreign Investments, Horacio Reyser and the Under Secretary of Foreign Investments, Marcelo Lucco.
Drydocks World: The Happy Shipyard?
In what sounds hauntingly like a Silicon Valley initiative, Mr. Ahmed Ali Mohammad Ahmed has been selected for the position of Happiness Manager at Drydocks World. While corporate leaders across the maritime sector routinely name the attraction and retention of employees as the number one challenge, Drydocks world has seemingly kicked this to a new level, inspired by the leadership of HH Sheikh Mohammed bin Rashid Al Maktoum Vice-President and Prime Minister of the UAE and Ruler of Dubai. Drydocks World has a 10,000+ workforce, and Mr.
New Marina for Luxury Yachts at DP World's Rashid Port
DP World has announced plans to build a new marina for luxury yachts at Port Rashid in Dubai. The project comes in response to an increased demand for luxury yachts. Tenders for construction will be invited soon. The first phase of the project is scheduled to open by 2018, with a capacity of more than 400 boats and sailing yachts with lengths in the range of 15 to 35 metres. The second phase will be for luxury yachts berth with length of more than 100 metres. Sultan Ahmed bin Sulayem…
Jebel Ali Port to Expand
DP World signed two major contracts for civil construction work at its new Container Terminal 4 on a reclaimed island in Jebel Ali Port. His Excellency Sultan Ahmed Bin Sulayem, DP World Group Chairman and Chief Executive Officer; Zeyad Baker, Executive Director, Dutco Balfour Beatty LLC and Patrick McKinney, Area Manager, Middle East and Gulf, BAM International Abu Dhabi LLC – Dubai Branch, signed on behalf of their respective companies. The ceremony took place at DP World Head Office in Jebel Ali and was attended by senior officials including Vice Chairman HE Jamal Majid Bin Thaniah…
Dubai Maritime Club Launched
The Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has committed its full support for the Dubai Maritime Club, a not-for-profit initiative aimed at nurturing a dynamic network of maritime professionals. Launched in collaboration with DMCC (Dubai Multi Commodities Centre), the authority on trade, enterprise and commodities in Dubai, the Club will facilitate regular meetings for members irrespective of the location of their activity…
DP World CEO Sharaf Retires
DP World today announces that, after 23 years with the Group and 11 successful years as Group CEO, Mohammed Sharaf has retired from DP World Group, effective today, to pursue other opportunities. The Board has commenced a process to identify a permanent successor. Pending that appointment, the Chairman of the Company will carry out the Group CEO’s duties and functions on an interim basis. Mohammed Sharaf, said: “I would like to thank His Highness Sheikh Mohammed Bin Rashid Al Maktoum…
Jebel Ali Port Leads in Port Productivity
Global marine terminal operator DP World’s flagship Jebel Ali Port has demonstrated once again that it delivers the world’s best productivity for ships berthed at its docks. According the latest JOC Port Productivity data, compiled by industry analysts Journal of Commerce, Jebel Ali recorded a world-leading 131 moves per ship per hour in 2014, up 10 percent from 119 in 2013. The ranking is based on JOC’s analysis of more than 125,000 port calls in 2014 that placed Jebel Ali form the UAE and six ports from China in the Global Top 10 for the year.
Jebel Ali Port Wins Top Industry Award
DP World’s flagship Jebel Ali Port has been recognized for excellence in container terminal operations at the first ever Navis Inspire Awards 2015. HE Sultan Ahmad Bin Sulayem, Chairman of DP World said the industry prize underlined the global marine terminal operator’s customer centric approach, innovation, process excellence and commitment of its employees. Bin Sulayem’s comments were made in a special event held in Dubai to celebrate the award and to congratulate DP World’s UAE Region team for the achievement.
Drydocks World Wins Dubai Chamber CSR Label
Drydocks World group the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors has received the Dubai Chamber Corporate Social Responsibility Label in recognition of their efforts and contribution to excellence in various areas of social responsibility. This award honors Drydocks World’s integrated approach that incorporates economic, environmental, and societal imperatives to create a thriving workplace and community. The organization applies international best practices in the provision of health and safety…
Drydocks World, Maritime World Win Excellence Awards
Drydocks World and Maritime World have won the Excellence Award given by the International Maritime Club at the Golden Bells Awards 2015 - Middle East. Drydocks World Group has won the Best Maritime Conference Award in recognition of their successin organizing the “2nd Mare Forum Dubai 2015,” which held its second edition on the 21st of January 2015 under the patronage of HH Sheikh Hamdanbin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Dubai Executive Council.
7th World Travel Award for DP World
consecutive year, at the prestigious World Travel Awards 2014. As the opening of the ultra-modern third cruise terminal was inaugurated by its namesake, His Highness Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, over 300 top decision makers in global travel and tourism were gathering at the 21st World Travel Awards celebration hosted in Anguilla. Mina Rashid, now home to the “Hamdan Bin Mohammed Cruise Terminal”, the world’s largest single cruise facility…
Sheikh Ahmed receives “Maritime Visionary Award”
HH Sheikh Ahmad bin Saeed Al Maktoum received The Maritime Standard Special “Maritime Visionary Award” in recognition of his exceptional foresight in supporting and revitalizing the UAE’s maritime sector in his role as Chairman of Dubai World. The award was presented on November 6th 2014 at the Atlantis, The Palm Jumeirah, at a glittering ceremony where leaders representing all facets of the industry from the Middle East & Indian subcontinent were present to honour HH & recognize his exception contribution.
ABB wins UAE Order for Solar Power Grid Integration
ABB, the leading power and automation technology group, has won an order worth around $55 million from Dubai Electricity & Water Authority (DEWA), the leading power utility in United Arab Emirates (UAE), to build a substation that will integrate power from the Mohammed bin Rashid Al Maktoum solar park. The order was awarded in the third quarter of 2014. The gas-insulated switchgear (GIS) substation will enhance transmission capacity, boost power supplies and strengthen the reliability of the grid.
DP World Receives 1st Scheduled Vessel at New Terminal
DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility. The ‘APL Phoenix’ was welcomed by DP World Chairman, His Excellency Sultan Ahmed Bin Sulayem, Vice Chairman HE Jamal Majid Bin Thaniah, Group CEO Mohammed Sharaf, Senior Vice President and Managing Director, UAE Region, Mohammed Al Muallem, and Prabhu G.K.N., Head of Operations and Network Management…
Drydocks World Recognized for CSR Achievements
Drydocks World and Maritime World, the international service provider to the shipping, maritime, offshore, oil, gas and energy sectors, is a sustainable business involved in various Corporate Social Responsibility activities. Drydocks World has a recognized CSR policy as well as an annual plan which serves as a guide towards its CSR objectives and the activities geared towards contributions to key areas encompassing workplace, marketplace, community and environment. Dubai Chamber awarded The Group with the CSR Label 2014 to acknowledge its CSR initiatives and practices.
Drydocks World, DMC in MoUs with Wartsila, DCCE, TASNEEF
Drydocks World and Dubai Maritime City (DMC) is supporting the "Green Economy for Sustainable Development" initiative launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of UAE and Ruler of Dubai. As part of this initiative, the company has entered into Memoranda of Understanding with Wartsila and Dubai Carbon Centre of Excellence for building the world’s first LNG powered harbor tug. This project launched under the trade mark “Elemarateyah” is part of the Dubai Maritime Green Initiative…
Dubai Maritime City to Join UAE-Korea Forum
Dubai Maritime City's team led by Chairman of Drydocks World & Maritime World, to participate in the UAE-Korea Economic Partnership Forum 2013. The event is supported by the UAE Ministry of Foreign Affairs, UAE Ministry of Foreign Trade, Federation of UAE Chambers of Commerce and Industry, Dubai Department of Economic Department, Foreign Direct Investment. The forum, from May 27-28, 2013 in Seoul, Korea, is being held under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum…
Global Maritime Leaders to Convene in Dubai
Jannis Kostoulas, President Mare Forum visited to Dubai to review and discuss preparations for the upcoming First Mare Forum, Global Leaders Maritime Summit, Dubai 2014 to be held under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai & Chairman of Dubai Executive Council. During his visit, Kostoulas inspected the venue and discussed topics relating to the logistics and other arrangements with Mare Forums partners in the Summit Drydocks World & Maritime World.
Drydocks World Presents Career Opportunities
Drydocks World & Maritime World announced its participation in Careers UAE to highlight its employment potential, career opportunities and reputation as a preferred employer for local nationals. The exhibition is being organized under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai at Dubai World Trade Centre on April 22-24, 2014. The group siad it is geared toward bringing qualified and competent nationals into the organization…
Dubai Maritime Vision 2030 Launched
Dubai Maritime City Authority (DMCA) has announced its firm commitment to supporting the Dubai Maritime Vision 2030 plan of creating a vibrant and safe maritime environment in the next two decades and establishing Dubai as a leading global maritime hub. His Excellence Sultan Ahmed bin Sulayem, Chairman of Dubai Ports, Customs, and Free Zones Corporation, Chairman of DMCA, said: “Dubai Maritime Vision 2030 is of strategic significance as it underpins efforts to improve the local maritime sector.