DP World jumps over three percent as UK subsidiary P&O Maritime expands into East Africa
- United Arab Emirates: Wednesday, October 03 - 2012 at 15:00
The FTSE NASDAQ Dubai UAE 20 Index closed at 1786.160 today, up 29.690, or 1.69%, from the previous close. DP World, the world's third largest port operator, gained 3.25% to htit $11.75, the highest level since end of April this year. Earlier in the day DP World said that P&O Maritime, a UK port operator DP World acquired in 2006, expands into Mozambuique, East Africa. In an e-mailed statement, DP World said "The company is now set to provide management, pilotage, mooring services, crewing and maintenance for tugs, pilot boats and mooring boats along with other marine services at the Port of Maputo. Under the agreement with the port, and as part of its commitment to enhance the port services' safety, reliability, and efficiency, P&O Maritime will invest in new, state of the art assets as well as training and development of local people at the Port of Maputo over a period of ten years."
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