DP WORLD STATEMENT UPDATE ON THE SUSPENSION OF DIPLOMATIC TIES WITH QATAR
Dubai, UAE, 7 June 2017: In line with the UAE government's recent decision on severing diplomatic ties with the State of Qatar, DP World confirms that vessels with the flag of Qatar or vessels destined to or arriving from Qatar are not allowed to call at any DP World terminals in the UAE until further notice.
There is expected to be no material financial impact on the Group.
DP World Limited
DP World Limited
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About DP World:
DP World is a leading enabler of global trade and an integral part of the supply chain.
We operate multiple yet related businesses - from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.
We have a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets. We aim to be essential to the bright future of global trade, ensuring everything we do has a long-lasting positive impact on economies and society.
Our dedicated team of over 37,000 employees from 110 countries cultivates long-standing relationships with governments, shipping lines, importers and exporters, communities, and many other important constituents of the global supply chain, to add value and provide quality services today and tomorrow.
Container handling is the company's core business and generates more than three quarters of its revenue. In 2015, DP World handled 61.7 million TEU (twenty-foot equivalent units) across our portfolio. With its committed pipeline of developments and expansions, the current gross capacity of 79.6 million TEU is expected to rise to more than 100 million TEU by 2020, in line with market demand.
By thinking ahead, foreseeing change and innovating we aim to create the most productive, efficient and safe trade solutions globally.
This information is provided by RNS