DP World unfazed by economic downturn

Industry Database

DP World says that the economic downturn will not have any impact on completion of the new international transhipment terminal at Kochi in India.

The company remains bullish regarding prospects for container handling during the global downturn, pointing out that historically recessions do not result in large decreases in box traffic.The company has also has confirmed that it will continue to look at port, logistics and urban development investment in Russia despite the global financial crisis, stressing that it has no problems in funding any of its projects. DP World recently repaid $890m, which was the outstanding balance on a $1.2bn loan acquired last year. The repayment was made despite refinancing having been offered. However the cost of capital was viewed as not sufficiently competitive. Instead, money set aside as part of operating reserves was used. This shows that the company has strong financial reserves available to it. Because the company has transparent balance sheets, this also makes it easier for the to obtain funding should this be necessary. Interestingly, DP World has also indicated that the current credit crunch may force US ports to seek foreign investment and it might consider re-entering this market.


Enhanced Hazcheck Restrictions Portal Launched, 1 May 2018

Exis Technologies, with the support of leading shipping and freight insurers, TT Club and UK P&I Clu... Read more

Successful participation and presentation at exhibition in Beira, Mozambique

The exhibition series ‘Intermodal Africa’ organized by Transport Events is always a good possibility... Read more

Protectors of Esbjerg's new East Port quay

The German based Headquarters of ShibataFenderTeam recently completed an order for the Port of Esbje... Read more

Aquaplot joins Technology Transfer Programme of European Space Agency

Start-up for ocean route planning enters ESA’s Business Incubation Centre (BIC) Read more

AMRO Increases Scope To Cover The GCC Region

AMRO, a specialist marine equipment and services provider, is proud to announce that they will now c... Read more


Ninth Consecutive “Excellent” Coast Guard Security Assessment Awarded to Port of Baltimore Read more

View all