Dubai-based provider of worldwide smart end-to-end supply chain logistics, DP World, has agreed to acquire a majority 51 percent stake in TIS Container Terminal in the Port of Yuzhny, Ukraine.
This latest acquisition also complements the existing operations of DP World’s P&O Maritime Services business through a joint venture with TIS Group, providing tugging, pilotage and other marine services in several Ukrainian ports.
The acquisition is in line with DP World’s strategy to develop data-driven integrated logistics solutions for moving cargo from the point of manufacture to final destination, deploying technology to remove inefficiencies in the supply chain, and focusing on fast-growing markets and key trade routes.
The Ukrainian container market grew more than 20 percent in 2019, and TIS Container Terminal has one of the most efficient railway connections in the region to major Ukrainian cities, supporting trade flows to the hinterland.
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