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

“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 ...