News

DP World handled 79 million TEUs throughout its global portfolio of container terminals in the previous year, with its gross container volumes increasing by 1.4% year-on-year. Additionally, the UAE-based operator reported 19.5 million TEUs in the last quarter of 2022. DP World’s flagship box terminal in Jebel Ali saw 14 million TEUs in 2022, which […]

In a year that we saw Maersk falling from the top of the rankings of the world’s largest container shipping companies, the Danish container carrier achieved strong results with increases in earnings and revenues. In particular, Maersk totalled over US$81.5 billion in total revenues in 2022, in comparison to US$48.2 billion in 2021. The Copenhagen-based firm […]

The United States Department of Transportation’s Maritime Administration (MARAD) has announced a Notice of Funding Opportunity (NOFO) making available more than US$662 million in Federal Fiscal Year (FY) 2023 funding for MARAD’s Port Infrastructure Development Program (PIDP). The purpose of the PIDP investment is to modernise the country’s ports and help strengthen the supply chain […]

McLaren Racing announced a partnership with DP World, a provider of supply chain logistics, as an οfficial partner of the McLaren Formula 1 Team from 2023. DP World will also become the lead partner of McLaren APEX, McLaren’s off-track business-to-business event programme, promoting influential collaborations across McLaren’s expansive partner network and beyond. From the 2023 […]

India is stepping up efforts to counter other established South Asian hub ports, such as Sri Lanka’s Colombo, Singapore and Malaysia’s Port Klang, which dominate the subcontinent transshipment activity. In a strategic move, New Delhi has cleared a long-contemplated plan to build a dedicated container transshipment terminal at a more strategic port location — Galathea […]

A.P. Moller-Maersk confirmed that it has filed a lawsuit against Japan’s Shoei Kisen, the owner of Ever Given, and Evergreen, the operator of the container vessel, which caused serious global supply chain difficulties, blocking the Suez Canal for around a week in 2021. ”We can confirm that Maersk has filed a claim against Evergreen, the […]