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DP World Concludes Acquisition of TIS Container Terminal in Ukraine

Logistic News - Published on Mon, 29 Jun 2020

Image Source: DP World TIS Container Terminal
Dubai-based provider of worldwide smart end-to-end supply chain logistics DP World has announced the completion of its acquisition of a 51% stake in TIS Container Terminal in the Port of Yuzhny in Ukraine. This follows satisfaction of specific conditions including confirmation of regulatory approval from the relevant government authorities. This project will be DP World's second partnership with TIS shareholders, the first being our very successful partnership in the P&O Maritime Ukraine which provides harbour towage services in the principal Black Sea ports in the Ukraine. DP World's global strategy is to become a trade enabler and solutions provider as the company looks to participate across a wider part of the supply chain.

DP World has invested significantly across its Ports, Logistics & Maritime Services businesses. The aim is to connect directly with customers to offer logistics solutions and remove inefficiencies in the supply chain to accelerate trade. This acquisition will expand DP World's operations as well as strengthen TIS Container Terminal as one of the key market leading purpose-built terminals in Ukraine by leveraging DP World's global network of ports, economic zones, warehousing and inland logistics solutions.

Furthermore, this acquisition helps make Ukraine's trade more resilient during challenging economic times and gives DP World the potential to offer a unique Black Sea product by linking its terminals in Constanta and Yarimca with TIS Container Terminal using its Unifeeder network. This suite of trade enabling solutions, coupled with our technology to remove inefficiencies in the supply chain, offers cargo owners the ability to deploy their cargo strategically across essential trade lanes that serve Eastern European markets and complement DP World's existing portfolio in Romania and Turkey.

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Posted By : Yogender Pancholi on Mon, 29 Jun 2020
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