Global terminal operators – the unassailability of PSAs, MSCs, APMTs et al?
Take a big step
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
Dubai’s DP World, the third largest container terminal operator, this morning announced 2013 result which beat most analysts’ predictions and delivered some $604m of profit to the company. However, it was not all plain sailing. While its strategy of selling off non-core assets in Australia appears to have paid off, its focus on the emerging markets of Asia-Pacific is not without its challenges and revenue from the region declined by 22.2% – partly this was due to the sales of some assets in which it held minority stakes, but it is also the result of weaker-than-expected volumes and currency depreciation.
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