With an annual increase of more than 9.8%

137 billion dirhams "DP World" assets by the end of 2020

The "group" confirmed the continuation of the operations of digitizing logistics services using artificial intelligence techniques.

Archives

The DP World Group continued to expand its growing business portfolio by signing several agreements and acquisitions deals during the current year, at a time when financial data showed that the group’s total assets, by the end of last year, reached more than $ 37.34 billion (about 137 billion dirhams). Against $ 34 billion (127.7 billion dirhams) in 2019, with a growth rate of more than 9.8%.

The company stated, in its annual report, that it has started its fiscal year 2020 by acquiring one of the largest online shipping companies, "SeaRates.com", a digital platform that enables dealers to move goods around the world, which strengthens its vision to enable trade and digitize the supply chain.

Acquisitions

According to the report, the group completed its acquisition of Fraser Sary Docks from Macquarie Infrastructure Partners (MIP), in partnership with the Quebec Investment and Depository Fund (CDPQ), as this acquisition contributes to supporting the presence of Dubai Ports Global »in Canada, which also includes station operations in Vancouver, Nanaimo, Prince, Robert and St. John's.

DP World completed the first stages of the merger in Traders, a digital container logistics platform based on blockchain technology, developed by the AB Muller-Maersk Group and IBM, listed on the New York Stock Exchange. This collaboration between DP World and the TradeLins platform will help accelerate the digitization of global supply chains.

Companies

The "Unifidr" company, through its platform in the Indian subcontinent, owned by "DP World", has acquired a number of shipping services companies for short and medium distances.

These companies include: «Transworld Feders Free Zone» and «Avana Logistics Limited», including its subsidiary «Avana Global Free Zone», and «Transworld Feders Pvt. Ltd.», which is the Indian coastal arm for container and short-distance shipping operations. And medium for export and import for «Sharias Shipping and Logistics Services Ltd.», excluding large ship operations and large operations.

Digital technology

The group announced its acquisition of a 51% stake in the TIS container terminal in Yuzhny Port in Ukraine. The project represents the second partnership of DP World with the shareholders in the TIS container terminal.

She said that her early investment in digital technology, such as "Dubai Trade" and the automation of container terminals, ensured that it faced the slightest disruption in its sites and allowed it to maintain the flow of trade, noting that its focus will continue on innovation by investing in building a smart platform that allows owners Goods by doing business directly.

The group confirmed the continuing digitization of logistics services using artificial intelligence techniques and "blockchain", to improve transparency and reduce inefficiencies in supply chains.

Handling

The Group announced, in its financial results last year, that it handled 19.1 million 20-foot standard containers (TEUs) across its global portfolio of container terminals during the last quarter of 2020.

She explained that on the basis of fiscal year 2020, it handled 71.2 million TEUs measuring 20 feet, at a steady rate on an annual basis, and an increase of 0.2% on a like-for-like basis.

Group services

The comprehensive list of DP World Group products and services covers all the connecting points of the integrated supply chain, from marine and onshore terminals to marine services and industrial complexes, in addition to technology-based business solutions.

It provides these services through its interconnected global network, which includes 136 business units in 61 countries on six continents, reflecting its presence in both high growth and developed markets alike.

• “The Group” started its fiscal year 2020, by acquiring one of the largest shipping companies over the Internet.

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