<div><p>Dubai's port operator DP World said on Wednesday that profit jumped 48 percent last year but warned that business was on the decline because of the global financial crisis.</p><p>Net profit surged to 621 million dollars in 2008 from 420 million dollars the ...
<div id="subtitle">Dubai port operator says trade dropped 8 percent in early '09, too early to give outlook</div><div><p>Cargo handler DP World warned Wednesday it sees no end to a shipping slowdown that has left some of its ports struggling with a double-digit drop ...
<div><p>Dubai's port operator DP World announced on Wednesday a 48-percent growth in profits in 2008, despite declining business in the final quarter due to the global financial crisis.</p><p>Net profits surged 48 percent to 621 million dollars last year, compared to 420 million ...
<div id="subtitle">NY-NJ port activity down first time since 1993; biz leaders say slowdown intensifying</div><div><p>Business leaders at the Port of New York and New Jersey say the global economic crisis is slowing activity at the East Coast's largest port complex.</p><p> ...
<div><p>Hong Kong-based Hutchison Port Holdings said Monday it was fully in compliance with a contract to develop a port in Ecuador, following reports the country's president said it could halt the project.</p><p>President Rafael Correa said over the weekend that Hutchison, the world's ...
<div id="subtitle">Dubai's DP World says slowdown at ports accelerated in recent months as economy soured</div><div><p>Port operator DP World said Monday it is cutting costs and hoarding cash to cope with a slowdown that is worsening as the global economic slump grows more ...
<div><p>Dubai's port operator DP World said Monday it was reviewing its expansion plans and freezing recruitment in face of a slow down in the container terminal industry caused by the global financial crisis.</p><p>The government-controlled company has "implemented a strategy to focus on ...
<div id="subtitle">British-Swiss group to build a euro1.18 billion container terminal at Albanian port</div><div><p>Albania awarded a 35-year concession to the British-Swiss Zumax AG group Wednesday for a euro1.18 billion ($1.55 billion) container terminal for ships in southwestern Albania.</p><p> ...
<div id="subtitle">Port operator DP World extends reach far beyond its Dubai base even as world economy falters</div><div><p>The hulking, modern cargo port unveiled here over the weekend with song and dance honoring Djibouti's Somali and Afar heritage looks out of place in such ...
<div id="subtitle">Tanker catches fire off Dubai port after colliding with cargo container ship; all crew safe</div><div><p>A tanker burst into flames Tuesday after colliding with a container ship in a shipping channel off the coast of Dubai.</p><p>Two of the tanker ...
