Complex Made Simple

DP World downgraded by Credit Suisse

DP World, the Dubai-based ports operator, has been downgraded to 'neutral' by Credit Suisse which sees trade growth slowing down for the port operator in the second half, Reuters has reported. Credit Suisse has said that DP World's terminals are well positioned but about 50% of the volumes in its main hub of Jebel Ali in the emirate of Dubai are made of volatile transhipment business, which has a more sensitive pricing.