DP World acquires shortsea specialist Unifeeder from private equity group
Global container terminal owner and operator DP World has agreed to buy Aarhus-headquartered feeder and shortsea container line Unifeeder. The sellers in the deal worth around $760m are Nordic Capital...
View ArticleDP World posts a strong first half as its customers wallow in an ocean of red...
DP World saw revenue jump 14.4%, year on year, in the first six months to $2.6bn, as the company’s core container terminal business benefited from the upswing in global trade. Net profit for the period...
View ArticleUnifeeder moves paper off the roads
Feeder and shortsea specialist carrier Unifeeder has struck a deal with Norwegian paper mill Ranheim Paper & Board to transport around 600 containers a year of paper from Trondheim, via the port of...
View ArticleDP World’s ‘one-stop shop’ ambition via purchase of Unifeeder is ‘a risky...
DP World’s planned acquisition of European shortsea container line Unifeeder took the industry by surprise when the deal was announced earlier this month. The rationale for the global port operator’s...
View ArticleDP World completes Unifeeder acquisition after EU competition green light
DP World has completed its acquisition of European feeder and shortsea shipping line Unifeeder after this week securing clearance from European monopolies regulators. The €660m deal – the first in...
View ArticleUnifeeder launches UK-Poland service to help shippers over Brexit
In its first network development since it was acquired by DP World, shortsea and feeder shipping line Unifeeder is to launch a new service, between London Gateway and the Polish port of Gdynia. The...
View ArticleDP World buys back P&O Ferries, ten years after selling it
DP World has re-acquired P&O Ferries for $322m ($421m), 10 years after it sold the operator to Dubai World. In 2006 port operator DP World acquired the UK-based P&O group and sold some...
View ArticlePorts with vision can return to the heart of business life as new enablers of...
Although we live in an era of continual and unprecedented disruption to supply chains – think trade wars, Brexit and climate change –some constancies remain: because water covers 71% of the world’s...
View ArticleUnifeeder extends its network on the east coast of Sweden
Unifeeder is introducing a new weekly service between Poland and the East coast of Sweden. It is an addition to its existing service, now connecting three ports in Sweden and four major continental...
View ArticleDiversity pays off for DP World as profits rise strongly in a weakened market
Betting big on logistics looks likely to pay off for DP World, with the port operator reporting double-digit profit growth, despite a weakened container market. Profits (reported as adjusted ebitda)...
View ArticleUnifeeder vessel to trial synthetic natural gas as a ‘climate-neutral’ fuel...
A Unifeeder-chartered vessel is to be used for the first trial of synthetic natural gas (SNG) fuel as a key part of the shipping industry’s quest to decarbonise shipping. In 2017, the 1,036 teu...
View ArticleUnifeeder expands global footprint with takeover of shortsea rival Feedertech
Unifeeder has expanded its global reach and closed the gap on market leader X-Press with its acquisition of a majority stake in Singapore-based feeder and shortsea operator Feedertech Group. DP...
View ArticleDelay alert with feeder lines in ‘radical’ new year container handling shake-up
Unifeeder is preparing to charge its customers a fee for lashing and unlashing containers on its vessels from 1 January. In compliance with the new “Dockers Clause”, which comes into force on the same...
View ArticleFeeder operators look to downsize fleets as demand for services falls
North European feeder operators are downsizing their fleets to mitigate the impact of falling demand from ocean carrier customers. One Hamburg-based broker told The Loadstar yesterday there were “very...
View ArticleDP World set to enter the blockchain arena as it signs up to Tradelens
DP World has joined the blockchain TradeLens platform, developed by Maersk and IBM. It has outlined plans to connect its 82 terminals around the world, as well as its feeder companies and logistics...
View ArticleDP World completes purchase of majority stake in TIS box terminal in Yuzhny
Dubai’s DP World has completed its acquisition of a 51% stake in TIS Container Terminal in the Ukrainian port of Yuzhny, after winning the regulatory green light from the government. The deal...
View ArticleONE ‘caught on the hop’ when Hapag-Lloyd ended Baltic feeder cooperation
The much-hyped feeder cooperation agreement between THE Alliance members Hapag-Lloyd and ONE has fallen victim to Covid-19. Since October 2018, a “bilateral strategic feeder network cooperation...
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