No bail out for DP World

DPW's operation in the Port of Algiers will still expand
Industry Database

The government of Abu Dhabi has given neighbouring Dubai a loan of $10bn, part of which will go towards covering financial obligations currently faced by Dubai World.

However, the Dubai government has confirmed that port operator DP World and its debt will not be included in the overall financial restructuring of its parent company.

An analyst in Algeria claims that whatever the problems faced by Dubai World, DP World's involvement in various port and logistics projects in that country will not be greatly affected.

In Algeria, it operates the ports of Algiers and Djen Djen, where it is to invest ¢84m ($121m) over the next three to four years.

At Algiers, the container terminal will expand capacity to 800,000 teu through the acquisition of new handling equipment and increases in productivity. At Djen Djen, developments will turn this port into a major transhipment hub over the next few years.


Jade Logistics leads Indonesian ports into a digital future

Christchurch, 06 July 2018 – PT Pelabuhan Indonesia I (Pelindo I) has chosen the terminal operating ... Read more

Gantrex has recently announced the launch of a whole new product category to its portfolio, the TrenchLok™ Cable Trench Cover.

Gantrex’ TrenchLok™ cable trench cover, efficiently and economically protects cranes’ power cables f... Read more

TGI Maritime Software launches «Hazardous» and «Yard Management» modules

TGI Maritime Software launches two complementary modules allowing yard optimization and hazardous co... Read more

Asia’s future energy needs on the agenda at Tank Storage Asia 2018:

Asia’s future energy needs on the agenda at Tank Storage Asia 2018: Read more

Portunus assumes dealership of Dana Spicer in Egypt

Portunus Naem, the Egyptian branch of Portunus Port Spares & services is appointed as official Dana ... Read more

Very first installations by new SFT Spanish office

Our new office in Spain is not even a year old and we already celebrate two successfully completed i... Read more

View all