Subscribe to Premium
Subscribe to Premium
Advanced Search
+

Comment / On the wires: It's showdown time for DP World

Money bag and wooden blocks with the word Fair. Balance. Fair value pricing, money debt. Fair deal. Reasonable price. Justified risk. Honest loan. Secured loans.
By

“DP World has continued its diversification strategy, today announcing it will acquire offshore oil logistics specialist Topaz Energy & Marine. It had agreed to buy the company, which operates a fleet of 117 offshore support vessels, from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for $1.079bn, as it continues to expand beyond its core business of running ports.” – The Loadstar, 1 July 2019.

Mission: Rampant DP World is on a deal-making mission, showing that its ample core cash flows ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium

Or buy full access to this story only for £15.00

Please login to activate the purchase link or sign up here to register an account

Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    DP World Dubai World Supply chain radar Takeover Talk Topaz Energy & Marine Ceva Logistics Forward Air M&A radar Omni Logistics Vertical consolidation

    Most read news

    DSV and K+N see margins squeezed hard in third quarter

    Carriers may have 'overshot' on capacity and will need to blank more sailings

    Using Amazon Air services 'a win-win' for 'absolutely satisfied' K+N

    Freight rates on major ocean trades out of India continue to slide

    MSC ship first in line for delays with Montreal dockers set for Sunday strike

    Trump second term would pose a 'destructive risk to the container market'

    Four arrested in Poland following claims Russia shipped explosive parcels

    Red Sea crisis proving 'a boom period' for feeder operators

    Final defendant in Polar Air Cargo case pleads guilty before trial begins

    Could this five-in-one collapsible container finally be the game-changer?

    Surprise meets Virgin Atlantic Cargo's 'bizarre' daily cargo flight to Brussels

    Harim would submit new bid if HMM came up for sale again

    Asia Pacific airfreight market on the up, despite manufacturing slowdown

    US lines: Where is all the sales talent in freight forwarding?

    Jacob David joins Etihad Cargo to lead product innovation

    CMA CGM braces for an even greater financial hit from French windfall tax