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Dubai Ports World (DP World) is a company based in the United Arab
Emirates, owned by the government of the emirate of Dubai. DP World
comprises Dubai Ports Authority (DPA) and Dubai Ports World.
The parent company, Dubai Ports Authority (DPA) which consists of the home
ports at Rashid, the Dubai Customs Department and the Jebel Ali Free Zone
Area. DPI (Dubai Ports International) formed in 1999 to export its success
internationally.
In January 2005 DPI transformed its network with the strategic acquisition
of CSX World Terminals (CSX WT), the international terminal business of
CSX Corporation, renaming itself DP World to reflect the change.
This acquisition gave DP World a strong presence in Asia with major
operations in Hong Kong and China as well as operations in Australia,
Germany, Dominican Republic and Venezuela.
In February 2005 DP World signed an agreement with the Cochin Port Trust (CoPT)
to a project of US$500 million construction of the
International Container Transshipment Terminal at
Vallarpadam, Kochi, India. DP
World also having in logistics businesses in Hong Kong and China, notably
ATL, the market leading logistics operator based at Kwai Chung, Hong Kong.
The firm, Dubai Ports World, at the center of a political storm in the US
over the purchase of American ports, including those in New York, New
Jersey, Baltimore, New Orleans, Miami and Philadelphia.
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