DP World Limited handled 70.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2017, with gross container volumes growing by 10.1% year-on-year on a reported basis and 9.7% on a like-for-like basis.
DP World Limited notes recent press comment with regard to the potential investment in Russia, and while it is company policy not to comment on speculation, we can confirm that we continue to seek a number of opportunities in Russia through our joint venture with the Russian Direct Investment Fund (RDIF). No transaction has been agreed at this time.
DP World and India’s NIIF announce the creation of an investment platform to invest in ports, terminals, transportation and logistics businesses in India. The platform will invest up to US$ 3 billion of equity to acquire assets and develop projects in the sector.
DP World Limited is pleased to advise that it has closed the transactions to acquire Maritime World LLC, the 100% owner of Dubai Maritime City, and Drydocks World LLC.