DP World to acquire stake in Kazakhstan’s special economic zones

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.

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DP World reports record volume of 70 million teu and 10.1% volume growth in 2017

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.

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Milaha acquires its largest container vessel

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.

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DP World to develop free zone in Somaliland

Global trade enabler DP World will develop a greenfield economic free zone in Somaliland to complement the development of the Port of Berbera, which has seen record container volumes under DP World management. DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem and Republic of Somaliland Minister for Foreign Affairs and International Cooperation Dr.

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