DP World

DP World is one of the world's leading port operators and currently operates 65 terminals (as of June 2013) in various countries, eleven more are planned in construction or as extensions. About 80 percent of the business is in container ports with a turnover of more than 56 million Twenty-foot Equivalent Units ( TEUs) in 2012.

Main owner of the listed in Dubai and London as a dual- listed company structure society is Dubai World, the state-owned investment group of the United Arab Emirates.

History

Founding and first years

The company was formed in 2005 from the merger of Dubai Ports Authority ( DPA), the inner-city harbor Mina Rashid and the deep-sea port Jebel Ali entertained in Dubai, with the Dubai Ports International, founded in 1999 (DPI ). DPI had begun with the operation of port facilities in Saudi Arabia and Djibouti and evolved to become one of the major international port operators, especially with the acquisition of CSX World Terminals for nearly $ 1.15 billion in December 2004, over which the Company has a strong could gain foothold in Asia. Among the newly acquired from CSX ports includes the German inland port Germersheim on the Rhine.

Already in the following year, in February 2006, DP ports prevailed in a bidding war against PSA International of Singapore and take on the British shipping company P & O for $ 6.8 billion, the then fourth largest port operator in the world. The assumption operated by P & O U.S. ports caused heated debate in American politics, so that despite the support of the takeover by the then U.S. President George W. Bush, the docks in New York, New Jersey, Philadelphia, Baltimore, New Orleans and Miami were finally sold in early 2007 at the American International Group.

IPO in Dubai

Since 26 November 2007, the shares of DP World on the NASDAQ Dubai listed. The successful IPO, in which 23 % of the company were offered, taught 15 - times oversubscribed nearly 5 billion dollars into the treasury of the company.

Financial crisis and second IPO in London

In connection with the financial difficulties of the parent company Dubai World in 2009, the rating agency Moody's downgraded the creditworthiness of DP World to junk bond level Ba1. The end of 2010, with a debt of 5.9 billion U.S. dollars, DP World sold 75% of its business Australia for 1.5 billion of the investment company Citi Infrastructure Investors, a subsidiary of Citigroup. In addition to the debt reduction would be to focus more on more profitable markets. By April 2011, the company's rating had been stabilized at investment grade.

Since 1 June 2011, the company is listed next to the stock market in Dubai on the London Stock Exchange.

In the second quarter of 2011, DP World was awarded the contract for the construction of a new container port London Gateway in the port of London for the equivalent of 2.3 billion U.S. dollars, its first berth was opened (of six) in November 2013 on the north bank of the Thames. With a strong business in Asia but also on further acquisitions, such as in July 2011 in Suriname, the company continued to grow.

Focus on growth markets

In March 2013, DP World sold a 75 % interest in two container terminals and a logistics center in Hong Kong for a total of 742 million U.S. dollars. Analysts were undecided whether this development to be welcomed as concentration on the markets of Africa and South America, or is likely to critically evaluate as sales in the core business, in connection with the continued extreme debt of the parent company Dubai World. Already 2012, DP World had separated from port operations in Belgium, Russia and Yemen.

Port facilities and container terminals

Container Terminal

New construction / extension

Container Terminal

International Container Transshipment Terminal ( ICTT ) container Terminal

New construction / extension

Container Terminal

New construction / extension

Container Terminal

Port facility

Container Terminal

Port facility

Container Terminal

New construction / extension

Port facility

Container Terminal

Beverdonk Container Terminal ( BCT ) container Terminal

Container Terminal

New construction / extension

Terminal de France ( TDF) container Terminal

Container Terminal

New construction / extension

Constanta South Container Terminal container Terminal

Container Terminal

New construction / extension

Container Terminal

New construction / extension

Container Terminal

Port facility

Container Terminal

New construction / extension

Container Terminal

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