DP World

The UAE-based DP World owns and operates marine terminals and seaports; it also provides rental services of port equipment and supplies, maritime support, port security, management of marine assets and warehousing. DP World’s portfolio consisted of 49 terminals and 12 new developments across 31 countries, as of January 2010.

DP World increased its gross capacity in 2009 to 59.7 million twenty-foot equivalent units (TEU), while its throughput decreased by 8%, to 43.4 million TEU. The company grew its annual terminal efficiency by 4.3% to 24.2 gross moves per hour, in 2009.

DP World is part of the government-owned Dubai World, through Port & Free Zone World. It was formed in September 2005 through the integration of the terminal operations of the Dubai Ports Authority and Dubai Ports International; it absorbed the operations of DPI, which was dissolved, and those of DPA, except for its capacity as an authority for Dubai Ports.

DP World underwent an IPO on DIFX in November 2007, to list 23% of its shares, which raised AED1.812 billion (USD4.96 billion).

It plans to increase capacity to around 95 million TEU by 2019 and to listing its shares on the London Stock Exchange, by 2011.