Latest news with #DPWorld
Associated Press
a day ago
- Business
- Associated Press
DP World Strengthens Environmental Leadership through Green Marine Participation
As part of the many initiatives under its ambitious 'Our World, Our Future' sustainability strategy, DP World is an active participant in the Green Marine certification program. This voluntary initiative promotes environmental sustainability within North America's maritime industry and sets rigorous performance benchmarks across the sector. How does Green Marine Operate? Green Marine assesses participants annually on a scale of 1 to 5 across 14 key performance indicators (KPIs). These KPIs span areas such as greenhouse gas (GHG) emissions, air quality, spill prevention, waste management, community impacts, and aquatic ecosystems. Participants earn initial Green Marine certification by achieving at least a level 2 'best practices' performance on one KPI. To maintain certification, participants must demonstrate a minimum one-point increase in one KPI each year until level 2 is reached across all categories. Self-reported results are verified every two years by external auditors, strengthening the program's integrity. DP World's Green Marine Successes For over a decade, DP World has enjoyed consistent success in the Green Marine program. In June 2024, the company earned Green Marine recertification for its Fairview Container Terminal at Prince Rupert, British Columbia – a certification held since 2013. This achievement highlights the terminal's excellence across six KPIs: GHG and air pollutant emissions, spill prevention, waste management, community impact, environmental leadership, and community relations. Building on this success, DP World significantly expanded its Green Marine involvement in late 2024 by enrolling three additional terminals – located in Vancouver, Nanaimo, and Saint John – into the program. This expansion means DP World now manages four Green Marine-certified terminals in Canada, reinforcing its environmental leadership across strategic maritime locations in North America. Looking Forward DP World's continued participation in Green Marine is crucial to the company's aggressive push to decarbonize port and terminal operations. Hitting Green Marine targets naturally compliments the work DP World is doing beyond the program. For example, the company's shore power initiative in Prince Rupert significantly cuts diesel fuel usage for vessels and is projected to prevent 30,000 tonnes of CO₂ emissions annually – the equivalent of removing about 6,500 cars from roads. Green Marine continues to evolve, reflecting increasing industry-wide demands for higher standards and improved sustainability outcomes. The program's updated 2025 criteria feature enhanced GHG reduction targets, stricter controls on underwater noise and community impacts, and broader waste management practices for shipyards. In 2024 alone, Green Marine saw the average performance score increase to 2.9 from its 243 participants, demonstrating broad industry engagement and continuous improvement. The number of terminals participating grew by 21%, with 83% of participants achieving a level 3 or higher for the GHG KPI. DP World looks forward to the potential of adding more terminals to the program and is proud to be part of this growing global force for a green maritime future. Visit 3BL Media to see more multimedia and stories from DP World
Time of India
a day ago
- Business
- Time of India
Corridors of innovation - India and Dubai's infrastructure pact in action
While global attention often lingers on freight disruptions and shipping capacity, a more transformational shift is quietly unfolding between India and the United Arab Emirates. The two economies are not simply moving more goods—they are reimagining the infrastructure that enables it. At the center of this transformation is the India–Dubai corridor—where bilateral investments, joint digital systems, and co-developed logistics hubs are setting a new benchmark for regional trade cooperation. From deep-sea ports in Gujarat to dry port ecosystems in Maharashtra, and from Dubai's electric vehicle–equipped logistics hubs to shared cargo visibility platforms, a next-generation trade corridor is taking shape. This is not just about improving trade. It is about engineering interdependence through concrete, code, and coordinated policy. In January 2025, DP World confirmed a $2.5 billion 1 global investment package, with a significant share allocated to Indian logistics partnerships and multimodal corridors connecting the subcontinent to the UAE. 'This US$ $2.5 billion commitment reflects our confidence in long-term trade growth and our determination to build the infrastructure needed to keep the world connected,' H.E. Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, had then emphasised. The Tuna Tekra terminal in Gujarat, developed in partnership with Adani Ports 2 , is a flagship project. The facility includes a 1.1-kilometre berth, advanced handling equipment, and direct rail access to India's Western Dedicated Freight Corridor. It is already being positioned as a key node for cargo headed toward the Middle East, Africa, and Europe. 'Gujarat's port infrastructure is no longer just for maritime throughput—it's becoming a base for integrated, value-added logistics,' said an official at India's Ministry of Ports. On the other side of the Arabian Sea, Jebel Ali Port continues to evolve. With over 1,000 Indian companies 3 operating out of its Free Zone, and increasing warehousing demand from Indian exporters of electronics, textiles, and pharmaceuticals, Dubai's role is shifting from a gateway to a collaborative hub. This deepening integration between Indian exporters and Dubai's multimodal logistics network is now being reinforced by a shared emphasis on sustainability and innovation—marking a new phase in the bilateral trade journey. Sustainability is no longer a talking point—it is a design principle. At JNPT, India's busiest container port, a $131 million 4 modernisation initiative funded by the Asian Development Bank is installing electric cranes, upgrading yards, and integrating solar energy into port operations. 'Enhancing trade infrastructure is no longer about volume alone. It's about climate resilience, smart energy, and urban integration,' said Ashok Lavasa, Vice-President for Private Sector Operations and Public–Private Partnerships – Asian Development Bank (ADB) Across the Gulf, DP World's Jebel Ali Port is deploying AI-enabled route planning for electric terminal vehicles. The model draws on lessons from the company's Callao port in Peru, where EV deployment saved 2,400 tonnes 5 of CO₂ in just over a year. India's Jalna Dry Port in Maharashtra is another vital node in the corridor. Once operational, it will process up to 10 million TEUs annually 6 , directly linking central India's industries to global export lanes via JNPT and Tuna Tekra. 'India's freight corridors and dry port ecosystems are starting to mirror the integrated logistics we've built in Dubai—tailored for domestic scale and rural access,' said a DP World infrastructure planner involved in Indian operations. Dubai is responding in kind. The Roads and Transport Authority 7 has announced feasibility studies to build inland consolidation hubs based on India's Jalna and Dadri dry port models, aimed at decentralising last-mile freight. Digital transformation is perhaps the most forward-looking development. In Q1 2025, Indian Customs and Dubai's Ports, Customs and Free Zone Corporation began piloting a joint cargo visibility platform. The blockchain-enabled dashboard allows real-time tracking from Indian factories to UAE warehouses. It also integrates customs clearances, container scans, and CO₂ footprint calculators. Industry leaders such as Soham Chokshi, CEO & Co-Founder of Shipsy, emphasise that digital visibility and automation are now mission-critical for SMEs exporting through corridors like India–Dubai, driving both reliability and sustainability. On digitalisation and future-ready shipping, the Union Minister reiterated how it is the core strategy of India's maritime policy. India's naval policies, such as ONOP, NLP (Marine), and MAITRI, are streamlining port services, reducing transaction times, and enabling real-time data. India is also partnering with the UAE and Singapore to create Virtual Trade Corridors for seamless cargo movement. 'India's maritime vision, rooted in ' Vasudhaiva Kutumbakam ', promotes collaboration and shared prosperity. As a reliable and responsible partner, India is committed to building a green, secure, and inclusive maritime future,' said Union Minister Sarbananda Sonowal. Meanwhile, DP World has begun rolling out digital twin technology in terminals at Nhava Sheva and Mundra, following successful deployments at London Gateway and Constanța. These simulations help ports optimise traffic flows, test maintenance windows, and reduce idle time for container lifts. What's unfolding is not merely an exchange of goods—it's a shared blueprint for long-term infrastructure reliability and strategic cooperation. For India, it means access to high-performing logistics frameworks. For Dubai, it strengthens its position as a global distribution centre for South Asian exports into Africa, Europe, and the wider Middle East. References - Click this link for more on Business in Dubai. Disclaimer - This article is a part of a featured content series on Business in Dubai.
Times
a day ago
- Business
- Times
Foreign investment in UK falls 11% to record low
The number of foreign investment projects into the UK fell by more than 11 per cent to a record low in 2024. According to the Department for Business and Trade, there were 1,375 inbound foreign direct investment (FDI) projects into the UK in 2024, an 11.6 per cent fall from 2023 and the lowest number since 2007, when the government started recording the figure. The number of jobs created in the UK through FDI fell by 3 per cent to 69,355 and the number of existing jobs safeguarded through FDI decreased by 12 per cent to 10,195. The Labour government has attempted to present the UK as a prime location for foreign investment over the past year with mixed success. Its international investment conference in October was overshadowed by a row with DP World, the owner of P&O Ferries. Louise Haigh, the transport secretary, called for a boycott of P&O Ferries and described it as a 'rogue operator' weeks before DP World had been due to announce a £1 billion investment into its London Gateway container port. Haigh's comments put the investment in jeopardy and DP World was said to have considered reviewing it and postponing its announcement, although it did ultimately go ahead. Rachel Reeves, the chancellor, and Jonathan Reynolds, the business secretary, have also sought to court foreign investment on trips to China and the Gulf states, respectively. The proportion of inbound FDI projects in the UK that were supported by the business department also fell from 65 per cent in 2023 to 61 per cent in 2024. The total economic impact of the supported projects was estimated to be roughly £6 billion. At the same time the number of FDI projects considered to be new investment projects fell by 20 per cent, from 1,023 in 2023 to 815. The number of projects considered to be either expansion projects or mergers and acquisitions increased by 4 per cent and 7 per cent, respectively. The United States accounted for 329 FDI projects in 2024, more than any other country, followed by India, which was responsible for 106 projects, and Germany, which accounted for 83 projects. The software and computer services sector had the most FDI projects with 257, followed by financial services and then advanced engineering.
Telegraph
a day ago
- Business
- Telegraph
Foreign investment in Britain falls to record low under Labour
Foreign investment into Britain plunged to a record low last year, despite a drive by ministers including Rachel Reeves and Jonathan Reynolds to drum up cash overseas. The number of inbound foreign direct investment (FDI) projects dropped to 1,375 last year, down 12pc from the 1,555 in 2023-24, according to data from the Department for Business and Trade. It represents the lowest level on records dating back to 2008. The investments created 69,355 jobs last year, the department said, the smallest number since the pandemic year of 2020-21. The figures underline the challenges faced by the Government as it seeks to attract international cash to Britian. Ministers have tried to present the UK as a prime location for business, including by hosting a high-profile International Investment Summit in October that featured a speech from Sir Keir Starmer and a performance by Sir Elton John. Other efforts include the Chancellor's trip to China in January, intended to revive economic links, and the Business Secretary's tour of the Gulf states to try to improve relations with nations with significant sovereign wealth funds. Relations with the Gulf states were harmed in September when then-transport secretary Louise Haigh called P&O Ferries a ' rogue operator ', an accusation that risked £1bn of investment in Britain by the company's owner, Dubai's DP World. The political and legal wrangling over the UAE's bid to become a partial owner of Telegraph Media Group has also affected Britain's reputation in the region. Joe Marshall, the chief executive of the National Central for Universities and Business, said the quality of the FDI coming into Britain was also deteriorating. 'The latest data is particularly concerning in high-value, strategically important sectors,' he said. 'The UK saw a 43pc drop in creative and media projects, a 20pc fall in life sciences, biotechnology and pharmaceuticals, and a 5pc decline in ICT investments – all vital to driving productivity, digital transformation and industrial modernisation. FDI into research and development also fell by 26pc. 'FDI is not just capital – it brings global talent, international partnerships, and long-term confidence in the UK economy. Strengthening investment will be essential to deliver the Industrial Strategy and realise the UK's ambition for innovation-led growth.' American investors accounted for the largest share of FDI in Britain last year, accounting for 329 of the projects. Another 106 came from India, 83 from Germany and 68 from France. Some major global investors have praised the UK in recent months, boosting Labour's efforts to improve Britain's standing on the global stage. Larry Fink of BlackRock called the UK 'undervalued' and said his company was investing 'across the board'. Jamie Dimon, the chief executive of JP Morgan, praised the Government's 'pro-growth agenda', while Jon Gray, the president of Blackstone, said there were 'encouraging' signs. The Government said it is focused on bringing investment into the country. A spokesman said ministers were 'laser-focused on targeting the highest-impact, job-creating wins across the UK, which is why the value of our FDI projects has gone up over the past year as we seek quality over volume. 'Our modern Industrial Strategy has introduced ambitious plans to drive growth and investment across every nation and region of the UK, ensuring our country is the best place to invest and do business. 'We've secured well over £100bn of investment over the past year, showing our Plan for Change is already delivering, and we'll continue to work with business to ensure we're making working people better off.' The FDI figures were published alongside separate data showing that British businesses were struggling as the economy weakens. Some 17pc have no cash reserves to rely on, the highest share since the Office for National Statistics began this quarterly survey in 2020.
Hi Dubai
2 days ago
- Business
- Hi Dubai
DP World and PCFC Launch ‘Sanad' Programme to Train Emirati Maritime Security Professionals
DP World, the Ports, Customs and Free Zone Corporation (PCFC), and the Sharjah Maritime Academy (SMA) have joined forces to launch Sanad, a national training programme aimed at preparing a new generation of Emirati maritime security professionals. The 12–14 month initiative will combine academic learning with practical training to develop advanced capabilities in maritime security strategy and risk management. The programme is part of a broader three-year partnership focused on education, research, and workforce development in the UAE's maritime sector. The collaboration aligns with the UAE's national priorities and Dubai's Economic Agenda (D33), which aims to reinforce the city's position as a global hub for trade and logistics. Maritime security remains critical to the country's economic resilience, particularly in safeguarding trade routes, infrastructure, and the uninterrupted movement of goods through UAE ports. PCFC and DP World will identify training needs and nominate participants, while SMA will deliver the curriculum, provide expert faculty, and issue accredited certifications. H.E. Nasser Abdulla Al Neyadi, CEO of PCFC and Group Chief Security Officer at DP World, said the partnership reflects a commitment to empowering national talent and ensuring sustainable sectoral growth. Dr. Hashim Al Zaabi, Director of SMA, described the agreement as a model for academic and strategic cooperation, designed to build national expertise and address evolving maritime challenges through cutting-edge facilities and real-world simulation training. News Source: Dubai Media Office
