rss icon Subscribe
desktop mobile

DP World, Port of Fujairah End Concession Agreement

File Image (CREDIT: AdobeStock / (c) Pavel Losevsky)

Posted by Joseph Keefe

Dubai-based ports operator DP World said on Sunday it and the Port of Fujairah have agreed to terminate the company's concession agreement to operate the port.

DP World entered into the agreement in 2005 on a build, operate and transfer basis to expand and develop the container terminal in Fujairah, the United Arab Emirates.

Reporting by Tom Arnold

Apr 17, 2017

 

Contracts

GE Transportation to Supply Freight Locomotives to Ukraine in USD 1bln Deal

Photo: GE Transportation

GE Transportation signed a $1 billion framework agreement in Ukraine, marking a major milestone

Nordic American Tankers Signs TC with Major Oil Firms

Photo: Nordic American Tankers

In the autumn of 2017, Nordic American Tankers (NAT) advised you of our time charter

Djibouti Ends Dubai's DP World Contract to Run Container Terminal

Photo: DP World

Djibouti has ended a contract with Dubai's DP World, one of the world's biggest port operators

Finance

All Aboard for Hedge Funds as Trade Tide Lifts Shipping

© leeyiutung / Adobe Stock

Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing

U.S. Sues to Stop Wilhelmsen From Buying Rival Drew Marine

The U.S. Federal Trade Commission said on Friday it would challenge in court the Norwegian company Wilhelmsen Maritime Services' plan to buy smaller U.S. rival Drew Marine Group.

AP Moller-Maersk Planning Roadshow ahead of Euro Benchmark

File Image: A Maersk boxship alongside and working cargo. CREDIT: HR Wallingford

A.P. Møller - Mærsk A/S rated Baa2/BBB (on review for possible downgrade/CreditWatch negative) by

Maritime Apps