Subscribe to RSS feedDP World joins costs crusade and cuts growth
by
Obsidian
—
last modified
Jan 29, 2009 12:00 AM
Container terminal giant DP World is reviewing its expansion strategy, cutting costs and freezing recruitment in response to the global downturn in box volumes.
The Dubai-based operator, with ongoing box terminal construction projects at London Gateway and Rotterdam's Maasvlakte 2, expects the increasingly challenging macroeconomic environment in the second half of last year to remain for the foreseeable future.
DP World chief executive...
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