United Arab Emirates
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American Shipper
DP World volumes decrease, portfolio increases
“This outperformance once again demonstrates that we are in the right locations, and a focus on origin and destination cargo will continue to deliver the…
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American Shipper
More air cargo finds its sea legs during COVID-19
Escalating airfreight transportation rates and capacity shortages from China due to the global pandemic have encouraged some shippers to split supply chain shipments between ocean…
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American Shipper
Emirates SkyCargo’s annual revenue falls 14%
Emirates SkyCargo’s business fell in fiscal year 2019-2020, but the airline division is experiencing strong demand for its services during the coronavirus crisis.
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Maritime
Russia seeks to open its Arctic waters to world shipping
A consortium comprising DP World of the United Arab Emirates, the Russian Direct Investment Fund (a sovereign wealth fund), Rosatom and Norilsk Nickel have agreed…
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Energy
U.S. will try to zero out Iranian oil exports as it chooses not to extend waivers; prices up in response
Saudis and UAE are on board with filling in the gap from lost Iranian oil exports.
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Maritime
DP World repurchases P&O Ferries
DP World (NASDAQ Dubai: DPW) announced that it will repurchase P&O Ferries from Dubai World according to a DP World press release. The acquisition will…
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