DP World

DP World operates multiple related businesses – from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.DP World has a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high-growth and mature markets.Container handling is the company's core business and generates more than three quarters of its revenue. In 2015, DP World handled 61.7 million TEU .The company was founded in 2005 by merging Dubai Ports Authority and Dubai Ports International . It purchased P&O Group of the United Kingdom in 2006 for £3.9 billion, which was at the time the world's fourth largest ports operator. Shares representing 20% of the company were floated on the NASDAQ Dubai stock exchange in 2007. The company does not currently operate in the United States where its purchase of a number of U.S. ports led to high-level controversy.HistoryEarly HistoryDubai Ports International was founded in 1999. Its first project was at Jeddah, Saudi Arabia, collaborating with a local partner on the management and operation of the South Container Terminal . DPI then went on to develop operations at the ports of Djibouti in 2000, Vizag, India in 2002 and Constanta, Romania in 2003. In January 2005, DPI acquired CSX World Terminals . It was later, in September 2005 that Dubai Ports International officially merged with the Dubai Ports Authority to form DP World. The rapid expansion through acquisition continued in March 2006 when DP World purchased the fourth largest ports operator in the world, The Peninsular and Oriental Steam Navigation Company for £3.9 billion .