A high level Iranian delegation of 30 members led by Federal Minister for Roads and Urbanization of Iran, His Excellency Mr. Abbas Akhundi, visited Karachi Port Trust on 13th April 2018 to explore avenues available under the CPEC regime in Pakistan.

Karachi Port Trust (KPT) has said on April 07 that a molasses leakage incident took place in a private terminal “Pakistan Molasses Company (PMC)” yard at (Shireen Jinnah Colony), near Karachi port yesterday. The terminal is a private entity, however, KPT has provided all rescue and medical support to the terminal and the Crisis Management Center of KPT immediately started rescue operations.

DP World has won a 30-year concession with an option of a further 20-year extension for the management and development of a greenfield multi-purpose port project at Banana, Democratic Republic of the Congo (DRC). The Port of Banana will be the first deep-sea port in the country along its small coastline of 37 kilometres, which currently only has the riverine port of Matadi.

Global trade enabler DP World and the government of Kazakhstan signed two framework agreements in Abu Dhabi today relating to the acquisition, governance and management of Special Economic Zones (SEZ) in Aktau and Khorgos. DP World has been providing management services to the Port of Aktau, Kazakhstan’s main cargo and bulk terminal on the Caspian Sea, and Khorgos SEZ, which is strategically situated on the China-Kazakhstan border and has been acting as the primary transit point for trans-Eurasian cargo trains for more than four years.

Karachi Port Trust said today that after accident, which occurred at South Asia Pakistan Terminal Limited (SAPTL, near Karachi port on March 19, involving container vessel Tolten and container vessel Hamburg Bay, the operations at SAPTL are ongoing as per normal after a little pause.

An agreement to implement the first phase of development of an integrated industrial and residential zone in Sokhna, Egypt has been signed in Dubai today between global trade enabler DP World, the Suez Canal Authority and the Suez Canal Economic Zone (SCZone).

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-like1basis, ahead of Drewry Maritime’s global container throughput growth estimate2 of 6.0% for 2017.

International partnerships to shape the future of world trade was part of the agenda at discussions held between DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem and other world leaders on the sidelines of the World Economic Forum Annual Meeting in Davos, Switzerland.

Doha, Qatar — Milaha, a Qatar-based maritime and logistics conglomerate, has acquired its largest container vessel to date, Majd, a 3,768 TEU vessel. The new vessel will be one of the 17 container vessels that the group operates, and is part of the ongoing expansion of the group’s overall fleet.

DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP). This transaction increases DP World’s shareholding to 100% and the terminal will be rebranded to DP World Santos.