News / DP World completes purchase of majority stake in TIS box terminal in Yuzhny

Dubai’s DP World has completed its acquisition of a 51% stake in TIS Container Terminal in the Ukrainian port of Yuzhny, after winning the regulatory green light from the government.

The deal represents DP World’s second partnership with TIS shareholders, after forming P&O Maritime Ukraine, which provides harbour towage services in the country’s Black Sea ports.

DP World also suggested it could use the acquisition as a platform for its shipping line subsidiary, Unifeeder, to launch Black Sea operations, linking Ukraine with ...