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DP World’s offer to acquire 100% stake in Imperial successfully concluded

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DP World’s offer to acquire 100% stake in Imperial successfully concluded. Image: DP World
DP World’s offer to acquire 100% stake in Imperial successfully concluded. Image: DP World
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Imperial Logistics Limited and DP World Logistics FZE are pleased to advise that all conditions precedent regarding DP World’s offer to acquire a 100% stake in Imperial, including regulatory approvals, have been fulfilled. The transaction is now unconditional and will be implemented on 14 March 2022.

“We are excited about concluding this transaction, which will be value-enhancing for our people, clients and principals, for our service offering across the markets we serve, and for our other key stakeholders who will benefit from DP World’s leading technology, capabilities, global networks, scale and key trade-lane volumes, while enabling us to build on our ‘Gateway to Africa’ strategy and growth ambitions,” says Imperial’s Group CEO, Mohammed Akoojee.

“Combining DP World’s world-class infrastructure, specifically its investment and expertise in ports on the African continent, with Imperial’s logistics and market access platforms will enable us to offer integrated end-to-end solutions along key trade lanes into and out of Africa, also driving greater supply chain efficiencies, and ultimately enhancing value for all stakeholders.”

DP World and its subsidiaries employ over 71,000 people across its worldwide operations and its vision is to drive economic growth through creating more efficient supply chains, connecting markets, driving global trade flow and offering innovative solutions to cargo owners, while ensuring a positive and sustainable impact on societies and the planet. DP World is focused on driving sustainable growth prioritising practices that have a positive impact on the local people, communities, and environment in which it operates.

The acquisition is expected to also add significant strategic value to DP World given Imperial’s attractive footprint and strong market access and logistics solutions capability. Imperial’s business strongly complements DP World’s existing footprint in Africa and Europe and will allow DP World to deliver a fully integrated end-to-end solution across a wider market.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are excited to conclude our acquisition of Imperial, which has a significant presence in Africa, a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes. Imperial’s capabilities in market access and logistics and its extensive African and European footprint will complement and enhance our growth aspirations. DP World is a business that also focuses on empowering and employing local people in its countries of operation while delivering sustainable and inclusive growth. Imperial’s purpose aligns with our approach and we look forward to welcoming Imperial to the DP World family.”

As a consequence of this transaction, the Delisting of the Imperial’s Ordinary Shares from the Main Board of the securities exchange operated by the JSE will be implemented on 15 March 2022.

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Container Terminal

Konecranes to deliver first hybrid RTGs to Africa

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Konecranes to deliver first hybrid RTGs to Africa. Image: Konecranes
Konecranes to deliver first hybrid RTGs to Africa. Image: Konecranes
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Konecranes has received an order from the Matadi Gateway Terminal in the Democratic Republic of the Congo for four hybrid RTGs. These will be the first hybrid RTGs operated in Africa by the Congo River in the city of Matadi. As a world first in the container handling industry, Konecranes now delivers hybrid and electric RTGs to customers as carbon neutral. Carbon emissions are minimized wherever possible in the manufacture of the cranes and the remaining emissions are compensated with re-forestation, up to the point of hand-over to the customer. This order was booked in the first quarter of 2022 and the hybrid RTGs will be delivered by March 2023.

International Container Terminal Services and La Société De Gestion Immobilière Lengo jointly run the Matadi Gateway Terminal in the Democratic Republic of the Congo. The new hybrid RTGs will enable MGT to handle increasing container traffic. “This is a breakthrough for both DR of the Congo and Africa as a whole, where container terminals are looking for ways to reduce their carbon footprints. These are their first RTGs and a big step forward in their container handling ability that will help them to reach their growth goals,” said Matti Talala, Sales Manager, Port Solutions, Konecranes. This hybrid choice of MGT is fully in line with MGT’s ongoing environmental policy.

MGT opened for business in 2014 and has since grown to reach 175,000 TEU of capacity. The new hybrid RTGs will handle containers with high eco-efficiency thanks to their hybrid drives. A hybrid Konecranes RTG is operated with electrical power from batteries and a diesel generator. During normal use, power is drawn from the batteries. During peak use, power is drawn from the batteries and diesel generator together. The hybrid RTGs for MGT will have built-in readiness for fully electric operation and they will have the smart features Auto-steering and Stack Profiling with a lifting capacity of 40t. This design and configuration will increase MGT’s capacity to 400,000 TEU by doubling the yard area.

This is part of Ecolifting, Konecranes’ continuous work to decrease the carbon footprints of our customers. From eco-optimizing diesel drives to hybridization and fully electric fleets, we will continue to do more with less.

A strong focus on customers and a commitment to business growth and continuous improvement make Konecranes a lifting industry leader. This is underpinned by investments in digitalization and technology, plus our work to make material flows more efficient with solutions that decarbonize the economy and advance circularity and safety.

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Maritime

Kongsberg Digital to provide vessel insight to Floatel International

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Kongsberg Digital to provide vessel insight to Floatel International. Image: Kongsberg Digital
Kongsberg Digital to provide vessel insight to Floatel International. Image: Kongsberg Digital
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Floatel International provides top-quality offshore Floatels for extreme conditions, and will now become a part of and benefit from Kongsberg Digital’s digital infrastructure Vessel Insight.

Floatel is currently operating in the North Sea region, Australia, Gulf of Mexico and Brazil and have a fleet consisting of five semi-submersible accommodation and construction support vessels. The company is systematically working to reduce its emissions and optimize its operations. As a part of Kongsberg Digital´s infrastructure Vessel Insight, the goal is to gain better control and smarter solutions through digitalization. Vessel Insight will be deployed on all of Floatel International´s operational rigs.

“We are excited to be a part of Floatel International on their digital journey. They are experts in working under extreme conditions, and we are proud they have chosen us to support them in reducing emissions and proving optimal operations through digitalization.” said Andreas Jagtøyen, Executive Vice President of Digital Ocean in Kongsberg Digital.

“One of our main focus areas is data-driven decarbonization. We hope to get the most out of apps such as Maress and will hopefully get better use of our fuel management data. With the Vessel Insight infrastructure and the Kognifai ecosystem, we have all our digital solutions in the same place and greater opportunities for further digitalization.” commented Alexander Östberg, Technical Manager at Floatel International.

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Intermodal Transport

RUSCON implements its multimodal service between Russia and Israel

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RUSCON implements its multimodal service between Russia and Israel. Image: Delo Group
RUSCON implements its multimodal service between Russia and Israel. Image: Delo Group
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In June 2022, a logistics operator RUSCON, successfully implemented the first shipment of 90 40-foot containers, as part of its new multimodal service between Russia and Israel. The shipment was sent by sea from Novorossiysk to the port of Ashdod. The purpose of these shipments is to link the regions of our country with the Israeli ones through the seaports of the two states.

Transportation within Russia is provided by RUSCON regular services. The consolidation points in Novorossiysk are RUSCON ‘s own terminal and the NUTEP Container Terminal. The sea transportation shoulder is fully organized by RUSCON.

Currently the frequency of calls to Novorossiysk for this service is once in two weeks. Last mile service is available to RUSCON customers in Israel.

Commenting on the new service Andrey Chernyshev, the Senior Vice-President of RUSCON, said: “Under the conditions of partial uncertainty of the situation in the world, RUSCON is doing its best not only to maintain the existing logistic chains, but also to create new ones. Undoubtedly, the launch of the new service in Israel is a significant progress in expanding the geography of RUSCON ‘s multimodal services on the Black and Mediterranean seas.”

He continued, “Such development makes it possible to offer our clients secure solutions for transportations in import-export directions. High demand for the service is evidenced by the loading of cargoes of Israeli manufacturers to Russian cargo owners already in the first call. Partaking of several Delo Group’ assets in the Russia-Israel service allows us to achieve a significant synergy effect and minimize the impact of the current negative factors”.

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