Red Sea port calls plummet by 85% in 2024
NewsThe Red Sea region experienced an 85% drop in deep-sea port calls, from over 200 to under 40 per month, during January-June 2024.
DP World/Evyap Group ink equity agreement
DP World and Turkey’s Evyap Group will form a strategic equity partnership between DP World Yarimca Port and Evyap Port.
Subject to regulatory approvals and once the transaction is completed, DP World will own 58% of Evyap Port, and Evyap Group will own 42% of DP World Yarimca. The new business will be named DP World Evyap Port.
“The partnership aims enhance and grow trade infrastructure by focusing on improving container port facilities and enhancing efficiencies in the key Marmara gateway market,” stated DP World.
“By combining DP World’s global expertise and Evyap Group’s local stature as a business entity, the partnership will aim to enhance supply chain solutions in Turkey,” it continued. “The collaboration seeks to improve productivity, reduce turnaround times, ensure security, and broaden service offerings, benefiting Turkish trade.”
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