DP World completes acquisition in Ukraine
Dubai-based terminal and port operator DP World recently finalised its acquisition of a 51% stake in TIS Container Terminal in the port of Yuzhny, Ukraine. The relevant authorities have given their green light.
This project will be DP World's second partnership with TIS shareholders, the first being with partnership in the P&O Maritime Ukraine which provides harbour towage services in the principal Black Sea ports in the Ukraine.
The new footprint enables DP World to expand its Black Sea services by linking its terminals in Constanta and Yarimca with TIS Container Terminal using its Unifeeder network. "With its more than 20% growth in 2019, the Ukrainian container market offers us new and attractive business opportunities," DP World said. (mw)