AD Ports faces DP World in Luandan venture
The prospect of neighboring port operators from Dubai and Abu Dhabi locked in competition within ...
Everywhere you look companies are struggling with poor rates of growth – GDP growth is flat, trade growth is flat, retails sales are flat – and port operators really do seem to have entered a new paradigm. DP World saw box volumes rise just 2.2% across its 77 terminals around the world – most worrying must surely have been the 6.7% year-on-year decline at its flagship Jebel Ali terminals in Dubai, which it ascribed to a decline in lower-margin transhipment cargo. Is anything not lower-margin these days?
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