DP World

Coordinates: 24°59′N 55°05′E / 24.983°N 55.083°E / 24.983; 55.083

DP World
موانئ دبي العالمية

Type	Public
Traded as	NASDAQ Dubai: DPW
Industry	Maritime
Founded	2005
Headquarters	Dubai, United Arab Emirates
Key people	Sultan Ahmed bin Sulayem, Group Chairman and CEO Jamal Majid Bin Thaniah, Vice Chairman Yuvraj Narayan, Group CFO
Products	Ferries, port services, logistics services
Revenue	US$4.715 billion[1] (2017)
Number of employees	37,000
Website	http://web.dpworld.com

DP World is a global port operator that was founded in 2005 by a merger of Dubai Ports Authority and Dubai Ports International.

Contents

• 
  1 History
  
  
  
  • 
    1.1 Early history
    
  
  
  • 
    1.2 2006: US Port security controversy
    
  
  
  • 
    1.3 2007–2010: NASDAQ Dubai listing
    
  
  
  • 
    1.4 2010 – present
    
  
  
  
  


• 
  2 Corporate affairs
  
  
  
  • 
    2.1 Supply chain security
    
  
  
  • 
    2.2 Counter piracy
    
  
  
  • 
    2.3 Sponsorships
    
  
  
  
  


• 
  3 Location of DP World's operations
  


• 
  4 References
  


• 
  5 External links
  

History

Early history

Dubai Ports International (DPI) was founded in 1999.^[2] Its first project was at Jeddah, Saudi Arabia, collaborating with a local partner on the management and operation of the South Container Terminal (SCT). DPI then went on to develop operations at the ports of Djibouti in 2000, Vizag, India in 2002 and Constanta, Romania in 2003.^[2] In January 2005, DPI acquired CSX World Terminals (CSX WT).^[3] It was later, in September 2005 that Dubai Ports International officially merged with the Dubai Ports Authority (DPA) to form DP World.^[4] The rapid expansion through acquisition continued in March 2006 when DP World purchased the fourth largest ports operator in the world, The Peninsular and Oriental Steam Navigation Company (P&O) for £3.9 billion ($7 billion).

2006: US Port security controversy

Main article: Dubai Ports World controversy

The ownership of various U.S. ports by DP World (which had been acquired as part of the P&O deal) was seen as highly controversial by many in the United States even though it was supported by the U.S. president of the time (George W. Bush); the US ports were sold shortly afterwards.

P&O operated major U.S. port facilities in New York, New Jersey, Philadelphia, Baltimore, New Orleans, and Miami. Before the deal was secured, the arrangement was reviewed by the Committee on Foreign Investment in the United States headed by the U.S. Treasury Department and including the Departments of State, Commerce, and Homeland Security. It was given the green light, but soon after, both Democratic and Republican members of Congress expressed concern over the potential negative impact the deal would have on port security.

On 22 February 2006, President George W. Bush threatened to veto any legislation passed by Congress to block the deal, which would be the first time in his presidency he would exercise the privilege. In a statement to reporters, Bush claimed, "It would send a terrible signal to friends and allies not to let this transaction go through."^[5] On 23 February 2006, DP World volunteered to postpone its takeover of significant operations at the seaports and on 9 March 2006, is said that it would transfer its operations of American ports to a "U.S. entity".^[6]

The United States House of Representatives held a vote on 16 March 2006 on legislation that would have blocked the DP World deal, with 348 members voting for blocking the deal, and 71 voting against.^[7] DP World later sold P&O's American operations to American International Group's asset management division, Global Investment Group for an undisclosed sum.^[8]

In August 2006, DP World signed an agreement with the Port Qasim Authority, to invest in a new container terminal at Port Muhammad Qasim near Karachi and announced that it was in discussions with the Pakistani Government about the development of a container terminal at Gwadar in Balochistan.^[9] DP World had been favourite to win the Gwadar concession, but withdrew from the bidding.^[10]Gwadar Port was subsequently awarded to PSA (Port of Singapore Authority) and opened in March 2007.^[11]

2007–2010: NASDAQ Dubai listing

In June 2007 the company raised $3.25 billion in Islamic and conventional bond sales to refinance existing debt and fund expansion^[12] and issued 3.818 billion shares, representing 20% of the company on the NASDAQ Dubai stock exchange in November 2007 in what was the Middle East's largest initial public offering (IPO) which raised 4.96 billion dollars.^[13]

By 2008 the company was handing 46.8 million TEU worldwide, up 8% on 2007, with expansion and development projects in India, China, the Middle East, and elsewhere. Capacity was expected to rise to around 95 million TEU over the next ten years.^[2]

In December 2009 Moody's downgraded DP World's financial status to junk after the Dubai 2009 debt standstill.^[14]

2010 – present

In the second quarter of 2010 DP World gave the go-ahead for construction of the £1.5 billion London Gateway port.^[15][16] Work started in February 2010^[17] with the port due to open in the fourth quarter of 2013. By April 2011, Moody's upgraded DP World's financial status to 'investment grade'.^[18] Since December 2010, DP World has undertaken a series of asset disposals, exiting markets where it does not have a significant presence and seeking to redeploy funds in fast-growing markets.^[19]

Corporate affairs

Supply chain security

DP World has been certified as a partner in the Customs-Trade Partnership Against Terrorism (C‑TPAT) initiative by U.S. Customs and Border Protection – to date, the only international port operator to have achieved this recognition. This certification is primarily based on DP World's commitment to the independently audited international ISO 28000 security standards. DP World was the first global maritime terminal operator to achieve ISO 28000 supply chain security certification and is rolling out the standard to all its terminals.^[20]

Counter piracy

In June 2012, in partnership with the UAE Ministry of Foreign Affairs, DP World convened the second high-level, public-private counterpiracy conference, in Dubai.^[21] The Washington Post reported "Diplomats and business leaders...are pushing for stronger partnerships between the public and private sectors in combating piracy off the coast of Somalia".^[22]

The April 2011 conference was the first time companies rather than governments had contributed financial support to the UN counter-piracy trust fund.^[23] The inaugural conference was attended by more than 65 governments and representatives of international organisations, including the United Nations^[24] and more than 120 leaders from maritime industry related companies.

Sponsorships

DP World sponsor the newly re-titled DP World Tour Championship, Dubai, played at Jumeirah Golf Estates.^[25] For the first three editions of the tournament previously known as "The Dubai World Championship", DP World had been a presenting sponsor. DP World also support the Hong Kong Open, the penultimate event on The Race to Dubai and the BMW PGA Championship at Wentworth Club.

Location of DP World's operations

Qingdao Qianwan Container Terminal

Qingdao New Qianwan Container Terminal

Qingdao Qianwan United Container Terminal

Qingdao Qianwan United Advance Container Terminal

Tianjin Orient Container Terminal

Yantai International Container Terminal

DP World Hong Kong

Terminal Petikemas Surabaya

ATI Batangas

Port of Manila - South Harbor (MNS)

Pusan Newport Company

Laem Chabang International Terminal (LCIT)

Saigon Premier Container Terminal (SPCT)

DP World Chennai

DP World Cochin

DP World Kulpi

Mundra International Container Terminal MICT

DP World Nhava Sheva

Visakha Container Terminal

DP World Karachi

Terminales Rio de la Plata

Empresa Brasileira de Terminais Portuários (EMBRAPORT)

DP World Vancouver - Stevedoring Division

DP World Vancouver - Container Division

DP World Nanaimo

DP World Caucedo

DP World Callao

DP World Paramaribo

DP World Paramaribo

DP World Brisbane

DP World Fremantle

DP World Melbourne

DP World Sydney

DP World Djazair

DP World Djen Djen

Port Autonome International de Djibouti PAID

Doraleh Container Terminal (DCT)

Maputo Intermodal Container Deport (MICD)

DP World Cargo Services Mozambique

DP World Maputo

DP World Dakar - Terminal à Conteneur

DP World Cargo Services - Cape Town

DP World Cargo Services - Durban

DP World Cargo Services - Port Elizabeth

DP World Cargo Services - Richards Bay

DP World Dakar - Port du Futur

Antwerp Gateway

DP World Antwerp - Delwaide

Beverdonk Container Terminal

EUROFOS

FOS 2xL

Terminal de France

Quai des Amériques

Quai de l'Europe

DP World Germersheim

Rotterdam World Gateway

DP World Constanta

DP World Tarragona

DP World Yarimca

DP World London Gateway

DP World Southampton

DP World Sokhna

DP World Sokhna (new development)

DP World Jeddah

DP World Berbera

DP World Prince Rupert Inc

Al Hamriya Port

Port Rashid

DP World Jebel Ali - Terminal 1

DP World Jebel Ali - Terminal 2

DP World Jebel Ali Terminal 3

DP World Fujairah

DP World's Portfolio - as of 1 March 2017

Container Terminals
Non-Container Terminals

New Developments and Major Expansions

DP World has a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents.^{[citation needed]}

The table below lists current terminals and new developments managed by DP World.

Port	City	Country	Type
DP World Hong Kong	Hong Kong	Hong Kong	Container Terminal
Terminal Petikemas Surabaya	Surabaya	Indonesia	Container Terminal
ATI Batangas	Batangas	Philippines	Container Terminal
Port of Manila - South Harbor (MNS)	Manila	Philippines	Container Terminal
Pusan Newport Company	Pusan	South Korea	Container Terminal
Laem Chabang International Terminal (LCIT)	Laem Chabang	Thailand	Container Terminal
Saigon Premier Container Terminal (SPCT)	Ho Chi Minh City	Vietnam	Container Terminal
DP World Chennai	Chennai	India	Container Terminal
DP World Cochin	Kochi	India	Container Terminal
DP World Kulpi	Kulpi	India	New Development and Major Expansion
Mundra International Container Terminal MICT	Mundra	India	Container Terminal
DP World Nhava Sheva	Nhava Sheva	India	Container Terminal
Visakha Container Terminal	Visakhapatnam	India	Container Terminal
Qingdao Qianwan Container Terminal	Qingdao	China	Container Terminal
Qingdao New Qianwan Container Terminal	Qingdao	China	Container Terminal
Qingdao Qianwan United Container Terminal	Qingdao	China	New Development and Major Expansion
Qingdao Qianwan United Advance Container Terminal	Qingdao	China	New Development and Major Expansion
Tianjin Orient Container Terminal	Tianjin	China	Container Terminal
Yantai International Container Terminal	Yantai	China	Container Terminal
DP World Karachi	Karachi	Pakistan	Container Terminal
Terminales Rio de la Plata	Buenos Aires	Argentina	Container Terminal
Empresa Brasileira de Terminais Portuários (EMBRAPORT)	Santos	Brazil	New Development and Major Expansion
DP World Vancouver - Stevedoring Division	Vancouver	Canada	Non-Container Terminal
DP World Vancouver - Container Division	Vancouver	Canada	Container Terminal
DP World Nanaimo	Nanaimo	Canada	Container Terminal
DP World Caucedo	Caucedo	Dominican Republic	Container Terminal
DP World Callao	Callao	Peru	Container Terminal
DP World Paramaribo	Paramaribo	Suriname	Non-Container Terminal
DP World Paramaribo	Paramaribo	Suriname	Container Terminal
DP World Brisbane	Brisbane	Australia	Container Terminal
DP World Fremantle	Fremantle	Australia	Container Terminal
DP World Melbourne	Melbourne	Australia	Container Terminal
DP World Sydney	Sydney	Australia	Container Terminal
DP World Djazair	Algiers	Algeria	Container Terminal
DP World Djen Djen	Jijel	Algeria	Container Terminal
Port Autonome International de Djibouti PAID	Djibouti	Djibouti	Container Terminal
Doraleh Container Terminal (DCT)	Doraleh	Djibouti	Container Terminal
Maputo Intermodal Container Deport (MICD)	Maputo	Mozambique	Non-Container Terminal
DP World Cargo Services Mozambique	Maputo	Mozambique	Non-Container Terminal
DP World Maputo	Maputo	Mozambique	Container Terminal
DP World Dakar - Terminal à Conteneur	Dakar	Senegal	Container Terminal
DP World Cargo Services - Cape Town	Cape Town	South Africa	Non-Container Terminal
DP World Cargo Services - Durban	Durban	South Africa	Non-Container Terminal
DP World Cargo Services - Port Elizabeth	Port Elizabeth	South Africa	Non-Container Terminal
DP World Cargo Services - Richards Bay	Richards Bay	South Africa	Non-Container Terminal
DP World Dakar - Port du Futur	Dakar	Senegal	New Development and Major Expansion
Antwerp Gateway	Antwerp	Belgium	Container Terminal
DP World Antwerp - Delwaide	Antwerp	Belgium	Container Terminal
Beverdonk Container Terminal	Antwerp	Belgium	Container Terminal
EUROFOS	Fos	France	Container Terminal
FOS 2xL	Fos	France	New Development and Major Expansion
Terminal de France	Le Havre	France	Container Terminal
Quai des Amériques	Le Havre	France	Container Terminal
Quai de l'Europe	Le Havre	France	Container Terminal
DP World Germersheim	Germersheim	Germany	Container Terminal
Rotterdam World Gateway	Rotterdam	Netherlands	New Development and Major Expansion
DP World Constanta	Constanta	Romania	Container Terminal
DP World Tarragona	Tarragona	Spain	Container Terminal
DP World Yarimca	Yarimca	Turkey	New Development and Major Expansion
DP World London Gateway	Stanford-le-Hope	United Kingdom	New Development and Major Expansion
DP World Southampton	Southampton	United Kingdom	Container Terminal
DP World Sokhna	Sokhna	Egypt	Container Terminal
DP World Sokhna (new development)	Sokhna	Egypt	New Development and Major Expansion
DP World Jeddah	Jeddah	Saudi Arabia	Container Terminal
DP World Berbera	Berbera	Somaliland	New Development and Major Expansion
DP World Prince Rupert Inc	Prince Rupert	Canada	New Development and Major Expansion
Al Hamriya Port	Dubai	United Arab Emirates	Non-Container Terminal
Port Rashid	Dubai	United Arab Emirates	Container Terminal
DP World Jebel Ali - Terminal 1	Dubai	United Arab Emirates	Container Terminal
DP World Jebel Ali - Terminal 2	Dubai	United Arab Emirates	New Development and Major Expansion
DP World Jebel Ali - Terminal 3	Dubai	United Arab Emirates	New Development and Major Expansion
DP World Fujairah	Fujairah	United Arab Emirates	Container Terminal

References

1. 
   ^ "ANNUAL REPORT AND ACCOUNTS" (PDF). DP World. Retrieved 2018-03-30..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}
   


2. 
   ^ ^abc "About DP World - History". Archived from the original on 5 November 2012. Retrieved 2012-11-27.
   


3. 
   ^ International, CSX Corporation; Dubai Ports. "Dubai Ports International Completes Acquisition Of CSX World Terminals". www.prnewswire.com. Retrieved 13 November 2017.
   


4. 
   ^ "Dubai merger sees world's largest port operation". 29 September 2005. Retrieved 13 November 2017.
   


5. 
   ^ "Bush threatens veto in ports row". BBC News. 2006-02-22. Retrieved 2010-05-01.
   


6. 
   ^ Sale of P&O Ports North America^{[permanent dead link]}
   


7. 
   ^ "H.R. 4939 (109th): Emergency Supplemental Appropriations Act for Defense, the ... -- House Vote #65 -- Mar 16, 2006". GovTrack.us. Retrieved 13 November 2017.
   


8. 
   ^ King Jr., N.; Hitt, G. (2006-12-11). "Dubai Ports World Sells U.S. Assets". The Wall Street Journal.
   


9. 
   ^ "DP World to invest on new terminal in Pakistan" (PDF). Retrieved 2012-03-21.
   ^{[permanent dead link]}
   


10. 
    ^ "PSA wins Gwadar". Retrieved 2012-03-21.
    


11. 
    ^ "Pakistan launches strategic port". 20 March 2007. Retrieved 13 November 2017 – via news.bbc.co.uk.
    


12. 
    ^ "DP World raises $3.25b from two bond issues". Gulf News. Retrieved 2009-12-09.
    


13. 
    ^ "Investor Centre". DP World. Archived from the original on 7 August 2011. Retrieved 2009-12-08.
    


14. 
    ^ Moya, Elena (2009-12-08). "Six Dubai companies downgraded to junk status". The Guardian. London. Retrieved 2009-12-08.
    


15. 
    ^ Editorial, Reuters (2010-01-04). "DP World to go ahead with London Gateway". Reuters. Retrieved 13 November 2017.
    


16. 
    ^ "Dubai's port firm seeking stock listing in London". seattletimes.com. Retrieved 13 November 2017.
    


17. 
    ^ "London Gateway port, Essex". Local Transport Today. Retrieved 2010-02-11.
    


18. 
    ^ "Moody's upgrades DP World to Baa3; outlook stable". 11 April 2011. Retrieved 13 November 2017.
    


19. 
    ^ "UPDATE 2-DP World sells Hong Kong assets for $742 mln". Reuters. 7 March 2013. Retrieved 13 November 2017 – via Reuters.
    


20. 
    ^ "DP World joins partnership against terrorism. - Free Online Library". www.thefreelibrary.com. Retrieved 13 November 2017.
    


21. 
    ^ "2nd UAE Counter-Piracy Conference Renews Commitment To Public Private Partnership" (PDF). Retrieved 13 November 2017.
    


22. 
    ^ "- The Washington Post". Washington Post. Retrieved 13 November 2017.
    


23. 
    ^ Bloomberg Businessweek | Diplomats, businessmen urge tougher piracy fight | 19 April 2011 Archived 12 March 2016 at the Wayback Machine
    


24. 
    ^ "Latest Statements – United Nations Secretary-General". www.un.org. Retrieved 13 November 2017.
    


25. 
    ^ europeantour.com. "DP World enters three-year Race to Dubai agreement – European Tour". www.europeantour.com. Retrieved 13 November 2017.
    

External links

• DP World - Global


• BBC story on takeover of P&O


• Republican Congresswoman Sue Myrick's letter to President Bush regarding the DP World ports purchase


• SourceWatch article on DP World

v t e Dubai World
Subsidiaries	Dubai Drydocks Dubai Maritime City Dubai Ports World Dubai Ports World controversy Economic Zones World Istithmar World Leisurecorp P&O Ferries Tamweel
Related	DP World Tour Championship, Dubai

v t e Peninsular and Oriental Steam Navigation Company (P&O)
Parent company	DP World
Divisions and subsidiaries	Current P&O Ferries P&O Ferrymasters P&O Maritime Services Former Bovis Homes Group Pandoro Ltd P&O Bank P&O Containers Ltd P&O Cruises P&O Cruises Australia P&O Estates P&O European Ferries P&O Irish Sea P&O Nedlloyd P&O North Sea Ferries P&O Ports Ltd P&O Portsmouth P&O Princess Cruises P&O Scottish Ferries P&O Stena Line
Acquisitions	British-India Steam Navigation Company Coast Lines European Ferries Group Ltd General Steam Navigation Company New Zealand Shipping Company Orient Steam Navigation Company Overseas Containers Ltd Union Steamship Company of New Zealand
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