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rld Callao, was officially inaugurated by Peruvian President Alan Garcia Perez and DP World Chairman Sultan Ahmed bin Sulayem. Global port operator DP World's newest marine terminal, situated close to Peru's capital city, Lima, has opened a year ahead of schedule after 27 months of construction following t
incheros in Cusco," he added. (END) NDP/EEP DP World opens port facility in Peru WAM WAM Dubai, Oct 01st, 2010 (WAM) —DP World, majority-owned by Dubai World conglomerate, inaugurated a new US$500 million port in Peru on Thursday, one of the biggest ports on South America's Pacific coast. The port known
omy, the global shipping industry won't have a strong peak season in 2012 and operators will experience some "rate erosion" in the summer, it said. DP World's revenue rose 1.8 percent to $1.53 billion, while adjusted gross margin, a measure of profitability, improved by 1 percentage point to 43.9 percent,
this year as growth in its regional operations offset tough global trading conditions. The company, one of the more profitable assets of debt-laden Dubai World, made a profit of $247 million, barely changed from $246 million in the year-earlier period, it said on Wednesday. Revenue for the six months ended
this allows us to invest in the future growth of our portfolio,' said group ceo, Mohammed Sharaf. According to the executive, the main reasons for DP World's improved performance was the company's ability to handle the larger containerships entering service very efficiently, its relative focus on emerging
world's largest port operator saw its revenue increase to US$1.53bn, compared to US$1.50bn in the year ago period. Net debt at the firm, a unit of Dubai World, stood at US$3.5bn. Gross debt was US$4.7bn, down from US$7.8bn, mainly due to the repayment of a US$3bn loan facility during the first half of the
rocess, it is expected that a number of its international assets could be sold off to meet the obligations of its parent company. In November 2007, DP World's flotation on the Dubai International Financial Exchange — now the Nasdaq Dubai — raised $4.96 billion, the largest ever initial public offering in t
nest once we have issued our preliminary results in March. Any decision on issuing new shares will be taken nearer the time." The group is owned by Dubai World, the struggling state-owned conglomerate that stunned international markets in November last year by requesting a six-month freeze on $26 billion of
Entities connected to both DP World's and Dubai World

Jeffrey Epstein
PERSONSultan Ahmed Bin Sulayem
PERSONMohammed Sharaf
PERSON
Julie K. Brown
PERSON
Gordon Brown
PERSON
United States
LOCATIONthe Dubai World Group
ORGANIZATIONThames
LOCATION
Kuwait
LOCATION
Essex
LOCATIONEssam Sharaf
PERSON
South Africa
LOCATIONAdelaide
LOCATION
Nasdaq
ORGANIZATION