port-and-ship
18 July 2025
Splash247port-and-ship
Jul 18, 2025Splash247
Oslo-listed MPC Container Ships has placed a $228m order for four 4,500 teu container vessels at China’s Taizhou Sanfu Ship Engineering with secured three-year charters, as well as divesting some older tonnage while expanding its financing platform with new debt facilities totalling over $100m.
The ships, which will deliver in 2027, will generate around $140m in revenue from their initial three-year charters, the company said in a release.
The tonnage provider revealed today it is letting go of three older 1,300 teu ships for $31.5m with existing charters attached.
“Our ongoing fleet renewal strategy is further reinforced by these measures,” said CEO Constantin Baack (pictured).
0
Recent CommentsPort and Ship Related News You might want to check out
View by
Taylor Maritime Confirms 10 New Ship Sales For $176.3MLondon Stock Exchange-listed dry bulk shipowner Taylor Maritime Limited has confirmed the sale of ten new vessels for total gross proceeds of $176.3m, at an average 1.1% discount to fair market value.
The Guernsey, England-based shipping company said three vessel sales have completed to date, with the remaining seven expected to complete by December.
Taylor Maritime added that nine previously-announced vessel sales have also now completed for total gross proceeds of $137.3m.
Net proceeds from these sales, combined with a portion of existing cash on the balance sheet, have been applied to the prepayment of all outstanding bank debt in July 2025, according to the company’s announcement.
Since January 2023, it has disposed of 49 vessels, 22 of which have been during 2025, averaging a 3.1% discount to fair market value.
Following the latest transactions, the company’s owned fleet will comprise of eight Japanese-built vessels.
The shipowner also has one vessel under joint venture agreement and 6 vessels in its chartered in fleet.
Edward Buttery, chief executive officer, said: “We have demonstrated our ability to sell vessels profitably, at prices close to or at NAV, and have now paid off all our bank debt. Both steps were seen as key to defending shareholder value amidst market uncertainty.
“We believe there is potential for further downside in asset values from current levels given forecasts of an acceleration of fleet growth in the near-term and the backdrop of a slowing global economy. We have therefore sold vessels to realise proceeds in excess of requirement to meet our debt-free target in order to protect against this potential downside.
“In all, our sales since January 2023 have preserved an estimated $82.0 million of value for our shareholders given a subsequent decline in asset values. We remain cautious but positive that there is upside in the medium term outlook for the dry bulk market overall and we now have ample liquidity at our disposal to act quickly on possible opportunities, should they arise, whilst in a position to maintain our dividend.”
Shipping Telegraph
port-and-ship
18 July 20252 min readTaylor Maritime Confirms 10 New Ship Sales For $176.3M
Shipping Telegraph
18 July 2025
port-and-ship
Mpc Container Ships Spends $228M On Four 4,500 Teu Orders In ChinaOslo-listed MPC Container Ships has placed a $228m order for four 4,500 teu container vessels at China’s Taizhou Sanfu Ship Engineering with secured three-year charters, as well as divesting some older tonnage while expanding its financing platform with new debt facilities totalling over $100m.
The ships, which will deliver in 2027, will generate around $140m in revenue from their initial three-year charters, the company said in a release.
The tonnage provider revealed today it is letting go of three older 1,300 teu ships for $31.5m with existing charters attached.
“Our ongoing fleet renewal strategy is further reinforced by these measures,” said CEO Constantin Baack (pictured).
Splash247
port-and-ship
18 July 20251 min readMpc Container Ships Spends $228M On Four 4,500 Teu Orders In China
Splash247
18 July 2025
port-and-ship
Taylor Maritime Seals $176 Million From 10 Vessel SaleThree sales have been finalised, with the remaining seven expected to close by December 2025.
Nine previously announced vessel sales have been completed, bringing total gross proceeds to $137.3 million.
These funds, along with a portion of cash reserves, have been used to fully prepay all bank debt in July 2025.
Since January 2023, Taylor Maritime has divested 49 vessels, 22 of which occurred in 2025, at an average 3.1 per cent discount to Fair Market Value.
READ: Triton agrees container leasing company sale
Following these sales, the fleet will consist of eight Japanese-built vessels, one under a JV agreement, and six chartered vessels.
Taylor Maritime will release its next quarterly trading update on 25 July 2025.
Edward Buttery, CEO, Taylor Maritime, stated: “This move was essential for protecting shareholder value amid market uncertainty. With forecasts predicting fleet growth and a slowing global economy, we’ve taken steps to mitigate potential asset value declines.
“While we remain cautious, we’re optimistic about the medium-term dry bulk market outlook and now have sufficient liquidity to pursue opportunities, while ensuring dividend stability.”
In March, the Chinese government reposted content condemning the port deal between CK Hutchison and US firm BlackRock, calling it a ‘betrayal of China’.
Port Technology International
port-and-ship
17 July 20252 min readTaylor Maritime Seals $176 Million From 10 Vessel Sale
Port Technology International
17 July 2025
port-and-ship
Iran Seizes Tanker For Smuggling 2 Million Litres Of Fuel, 17 Crew ArrestedIranian authorities have seized a foreign oil tanker in the Gulf of Oman for smuggling over 2 million litres of fuel. The operation was reported on July 16, by the Chief Justice of Hormozgan province, according to local media outlets.
Officials said the tanker was inspected due to missing or incomplete legal documents related to its cargo. During the inspection, it was found to be carrying 2 million litres of smuggled fuel.
Following the inspection, the vessel was detained. A total of 17 people on board, including the captain and crew members, were arrested. A judicial case has been filed at the prosecutor’s office in Jask county. Iranian authorities have not disclosed the name of the ship, its flag, or the country it was headed to.
The Chief Justice of Hormozgan province said the authorities are currently collecting evidence to confirm the exact quantity of fuel. Laboratory tests and document verification are also underway to confirm the cargo’s contents and its legal status.
Iran’s state-run and semi-official news agencies reported that the judiciary would announce the results of the investigation once the verification process is complete.
The country has some of the lowest fuel prices in the world due to government subsidies and the fall in the value of the Iranian currency. These conditions have made fuel smuggling a serious issue. Smugglers often attempt to move fuel illegally by land into neighboring countries or by sea to Gulf Arab states.
Officials said that individuals involved in smuggling activities, especially those working with foreign partners, will not be shown any leniency if proven guilty.
In March 2025, Iranian authorities reported intercepting two vessels carrying a total of 3 million litres of diesel fuel. Those operations also led to the arrest of 25 crew members.
In April, three more vessels were stopped, and in June, another tanker was detained. In a previous case in April 2025, two ship captains and four crew members were sentenced to five years in prison and fines after being found guilty of smuggling fuel.
Earlier this year, Iran’s Islamic Revolutionary Guard Corps also seized two Tanzanian-flagged tankers, Sea Ranger and Salama, for allegedly transporting 1.5 million litres of diesel in the Gulf. Those vessels and their 25 foreign crew members were transferred to the port of Bushehr for further legal proceedings.
Reference: Reuters
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
Do you have info to share with us ? Suggest a correction
Marine Insight
port-and-ship
17 July 20254 min readIran Seizes Tanker For Smuggling 2 Million Litres Of Fuel, 17 Crew Arrested
Marine Insight
17 July 2025
port-and-ship
Genco Shipping & Trading Closes New $600 Million Revolving Credit Facility, Increasing Borrowing Capacity By 50%in Dry Bulk Market,International Shipping News
16/07/2025
Genco Shipping & Trading Limited, the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced it has closed a $600 million revolving credit facility, amending its existing facility to provide significant capacity to pursue accretive growth opportunities among other uses.
Key terms of the $600 million revolving credit facility include:
John C. Wobensmith, Chief Executive Officer, commented, “We are pleased to have meaningfully increased our borrowing capacity under attractive terms, which is a reflection of Genco’s industry leading balance sheet and our strong track record of executing our proven value strategy and providing shareholder returns through the drybulk cycle. Having significant capital readily available puts Genco in a highly advantageous position to act decisively to capture attractive growth opportunities for shareholders. We believe that Genco’s capital structure offers a compelling risk-reward balance, while also providing significant financial flexibility and optionality that goes hand-in-hand with our capital allocation strategy focused on dividends, deleveraging and growth. We maintain an overall positive view of the drybulk market, due to the solid supply side fundamentals, and with $500 million of undrawn revolver availability, we are in an optimal position to renew and grow our asset base.”
Peter Allen, Chief Financial Officer, commented, “With this latest increased $600 million credit facility, Genco achieved several important objectives, including upsizing our borrowing capacity, extending maturity, reducing margin, and improving several other key terms. Notably, the lack of commitment reductions until March 31, 2027 enables Genco to maintain the full $600 million of borrowing capacity for an extended period of time adding to our optionality as markets develop. Furthermore, the full revolving credit facility structure fits well into our broader capital allocation approach, providing the flexibility to continue to paydown debt while maintaining the ability to strategically access capital when attractive opportunities materialize. We appreciate the continued support of our high-quality bank group, as we continue to execute Genco’s strategy.”
Lenders of the revolving credit facility include reputable international shipping banks that are a part of our existing bank group. Nordea Bank Abp, New York Branch (“Nordea”) acted as Coordinator, Sustainability Coordinator, Administrative Agent, Collateral Agent and Security Trustee. Nordea, Skandinaviska Enskilda AB (publ), DNB Markets, Inc and ING Capital LLC acted as Mandated Lead Arrangers & Bookrunners, CTBC Bank Co., Ltd as Mandated Lead Arranger and First-Citizens Bank & Trust as Co-Arranger.
Genco has $100 million of debt outstanding and $500 million of undrawn revolver availability as of the date of this press release.
*Margin is based on a grid of 1.75% to 2.15% depending on total net indebtedness to EBITDA. This is down from 1.85% to 2.15% previously. The commitment fee on undrawn amounts is reduced from 40% of margin to 35% of margin.
Source: Genco Shipping & Trading Limited
Hellenic Shipping News
port-and-ship
16 July 20253 min readGenco Shipping & Trading Closes New $600 Million Revolving Credit Facility, Increasing Borrowing Capacity By 50%
Hellenic Shipping News
16 July 2025
port-and-ship
Its Begins $365 Million Terminal Expansion At Port Of Long BeachInternational Transportation Service (ITS) has officially launched a major expansion project at the Port of Long Beach to increase cargo-handling efficiency and create more terminal space.
The $365 million project broke ground on July 11 and will add 19 acres of new land to the Pier G terminal by filling in an unused water slip.
The extra space will be used to stack more cargo containers and improve terminal operations. ITS also plans to build a 3,400-foot-long wharf that will allow two of the world’s largest container ships to dock at the same time.
City officials welcomed the project, saying it will benefit the port, the local workforce, and the overall supply chain. Long Beach’s Mayor said that ITS, a longtime tenant of the port for over 50 years, is making an investment that will bring long-term advantages. The mayor also mentioned that the expansion would help move cargo more smoothly and create stable union jobs with good pay.
Port of Long Beach officials shared that ITS was the first company to sign a “green lease” nearly 20 years ago, showing early commitment to reducing environmental impact. They said that ITS is now continuing that effort by increasing terminal capacity. According to the Port’s CEO, the new construction will support the U.S. economy by building up infrastructure and boosting efficiency.
The Long Beach Board of Harbor Commissioners also highlighted ITS’s work in reducing emissions and moving more cargo by rail. Officials described the company as a strong environmental partner and praised its efforts to modernise operations.
ITS said the project will rely on local labor and American-made materials. According to ITS Long Beach’s CEO, the goal is to strengthen the nation’s supply chain while keeping both economic and environmental benefits in the U.S. The company stated that this expansion prepares them for the future of global trade by upgrading key infrastructure right at home.
The ITS terminal is located in the outer harbor and is currently divided by a large slip, which is no longer needed. The plan is to fill this area using approximately 2.5 million cubic yards of sediment. This fill material will come from two sources: reused sediment from the Port’s Harbor District and dredged sediment from Newport Harbor in Newport Beach.
Construction is expected to be completed by late 2028. Once finished, the expanded terminal will give ITS and the Port of Long Beach more space, greater ship-handling capacity, and a smoother, more efficient cargo flow.
Reference: Port of Long Beach
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
Do you have info to share with us ? Suggest a correction
Marine Insight
port-and-ship
16 July 20254 min readIts Begins $365 Million Terminal Expansion At Port Of Long Beach
Marine Insight
16 July 2025
port-and-ship
Dp World To Develop, Operate Syrian Port In $800M, 30-Year DealPhoto credit: DP World
DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus, according to DP World announcement.
As part of the agreement, DP World will invest $800m over the duration of the concession to upgrade the port’s infrastructure and position it as a critical regional trade hub connecting Southern Europe, the Middle East and North Africa.
Following over a decade of conflict and long-standing underinvestment in trade infrastructure, the redevelopment of Tartus marks an important step in Syria’s economic reintegration.
Structured as a Build-Operate-Transfer (BOT) model and fully owned by DP World, the project will include new infrastructure, advanced cargo-handling equipment, and digital systems to improve efficiency across the port’s container and general cargo terminals.
Sultan Ahmed bin Sulayem, chairman and group CEO of DP World, said: “We see strong potential in Tartus to serve as a vital trade gateway and look forward to strengthening regional connectivity and economic opportunity through this investment. We believe in the power of trade to help drive long-term stability and prosperity for Syria and the region.”
Located on Syria’s Mediterranean coast, Tartus is the country’s second-largest port and a key maritime gateway to trade routes across Europe, the Levant and North Africa.
Its strategic position enhances regional connectivity, complementing existing routes through the Bosporus and Suez.
The redevelopment will enable Tartus to handle general cargo, containers, breakbulk, and roll-on/roll-off traffic, expanding Syria’s trade potential as the country continues to rebuild.
DP World will also explore opportunities to develop free zones, inland logistics hubs, and transit corridors in partnership with local stakeholders.
Trade drives reintegration and resilience.I’m proud to have signed a 30-year agreement to redevelop Syria’s Tartus Port – in the presence of President Ahmed Al-Sharaa – with a USD 800M investment to reconnect the region through trade and infrastructure. pic.twitter.com/TnZC5iVTa9
Shipping Telegraph
port-and-ship
15 July 20252 min readDp World To Develop, Operate Syrian Port In $800M, 30-Year Deal
Shipping Telegraph
15 July 2025
port-and-ship
Port Of Long Beach Breaks Ground On $365 Million Terminal Expansion ProjectBreaking ground on a $365 million terminal expansion project at the ITS terminal at Pier G in the Port of Long Beach. The project to fill in a slip will create 19 acres of new land in the terminal. Photo courtesy Port of Long Beach
International Transportation Service (ITS) has broken ground on a significant terminal expansion project at the Port of Long Beach that will substantially increase capacity and operational efficiency.
The $365 million project will create 19 acres of new land by filling an unneeded slip in the middle of the Pier G terminal. Additionally, ITS will construct a single, continuous wharf measuring 3,400 feet, allowing the simultaneous accommodation of two of the industry’s largest cargo ships.
“This investment by ITS will create benefits for decades to come with more cargo moving smoothly without delays and greater opportunities for waterfront labor – union jobs with good, dependable incomes,” said Long Beach Mayor Rex Richardson.
Port of Long Beach CEO Mario Cordero highlighted ITS’s environmental commitment, noting that the company “became our first to sign a green lease” nearly 20 years ago.
Located in the outer harbor, the ITS terminal is currently split by the south slip, which will be filled with approximately 2.5 million cubic yards of reused sediment from within the Harbor District and dredged materials from Newport Harbor. The project is expected to be completed in late 2028.
“This project strengthens America’s supply chain by investing in infrastructure the right way — using local labor and U.S.-made materials,” said ITS Long Beach CEO Kim Holtermand.” We’re not just preparing for the future — we’re building it here, at home.”
The expansion aligns with the Port’s Green Port Policy, established in 2005, which has implemented programs to improve environmental conditions while maintaining sustainable practices.
Sign up for gCaptain’s newsletter and never miss an update
gCaptain
port-and-ship
15 July 20252 min readPort Of Long Beach Breaks Ground On $365 Million Terminal Expansion Project
gCaptain
15 July 2025
port-and-ship
Dp World To Invest $800M Developing Syrian PortDP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the port of Tartus.
As part of the agreement, DP World will invest $800m over the duration of the concession to upgrade the port’s infrastructure and position it as a regional trade hub connecting southern Europe, the Middle East and North Africa.
Following over a decade of conflict and long-standing underinvestment in trade infrastructure, the redevelopment of Tartus marks an important step in Syria’s economic reintegration. Structured as a build-operate-transfer (BOT) model and fully owned by DP World, the project will include new infrastructure, advanced cargo-handling equipment, and digital systems to improve efficiency across the port’s container and general cargo terminals.
DP World will also explore opportunities to develop free zones, inland logistics hubs, and transit corridors in partnership with local stakeholders, supporting broader economic diversification and trade facilitation efforts.
In May, CMA CGM signed a 30-year deal with the new Syrian government to develop Latakia port, including building a new berth and investing $260m to bolster Syria’s top port.
Trade drives reintegration and resilience.I’m proud to have signed a 30-year agreement to redevelop Syria’s Tartus Port – in the presence of President Ahmed Al-Sharaa – with a USD 800M investment to reconnect the region through trade and infrastructure. pic.twitter.com/TnZC5iVTa9
Splash247
port-and-ship
14 July 20252 min readDp World To Invest $800M Developing Syrian Port
Splash247
14 July 2025
port-and-ship
Dp World Signs $800M Deal To Develop Tartus PortThe Build-Operate-Transfer (BOT) deal includes an $800 million investment over the concession period to modernise the port and establish it as a strategic trade hub linking Southern Europe, the Middle East, and North Africa.
The agreement was signed in Damascus by Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, and Qutaiba Ahmed Badawi, Chairman of the General Authority for Land and Sea Ports, in the presence of Syrian President His Excellency Ahmed Al-Sharaa.
Following over a decade of conflict and limited infrastructure investment, the Tartus redevelopment is a key step in Syria’s economic reintegration.
The project will introduce upgraded infrastructure, advanced cargo-handling equipment, and digital systems to improve operations across both container and general cargo terminals.
READ: DP World debuts scanner to cut customs delays in Constanta
Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, said: “We see strong potential in Tartus to serve as a vital trade gateway and look forward to strengthening regional connectivity and economic opportunity through this investment.
“We believe in the power of trade to help drive long-term stability and prosperity for Syria and the region.”
READ: DP World sets record with slag vessel at Egyptian port
Qutaiba Ahmed Badawi, Chairman of Syria’s General Authority for Land and Sea Ports, stated: “Partnering with DP World will allow us to modernise and strengthen the efficiency of our trade infrastructure as we continue to rebuild key trade lanes, support the national economy and provide more opportunities for the Syrian people.
“The agreement reflects our shared vision to transform Tartus into a strategic gateway linking Syria with regional and international markets and it will pave the way for sustainable growth for years to come.”
Tartus, located on Syria’s Mediterranean coast, is the country’s second-largest port and a critical access point to regional and international shipping routes, including those through the Bosporus and Suez Canal.
The redevelopment will expand the port’s capacity to handle general cargo, containers, breakbulk, and RoRo traffic.
DP World also plans to explore further logistics projects in Syria, such as free zones, inland logistics hubs, and transit corridors, in coordination with local partners.
Recently, DP World‘s terminal at the Port of Callao reported record volumes, including a 19 per cent increase in container throughput and a sharp rise in agricultural exports.
Port Technology International
port-and-ship
14 July 20252 min readDp World Signs $800M Deal To Develop Tartus Port
Port Technology International
14 July 2025
port-and-ship
Its Announces $365M Terminal Expansion At Port Of Long BeachFeature image: © ITS
The project, set to begin in July 2025 and finish by December 2028, will be delivered by the Dutra / Griffith Company Joint Venture, with a strong focus on using American materials and local labour.
Once completed, the expanded ITS terminal will increase cargo-handling capacity by up to 50 per cent, positioning ITS for long-term growth at one of the world’s busiest ports.
A key component of the project is a 560-foot extension of the existing quay, achieved by filling in a 19-acre “horseshoe” gap at the terminal. This upgrade will enable ITS to berth up to two 18,000 TEU container vessels simultaneously, significantly increasing overall terminal throughput.
READ: Port of Long Beach eyes June rebound after May decline
Kim Holtermand, Chief Executive Officer of ITS Long Beach, commented: “This project strengthens America’s supply chain by investing in infrastructure the right way, using local labour and US-made materials. We’re not just preparing for the future, we’re building it here, at home.”
Mario Cordero, CEO of the Port of Long Beach, added: “By ‘building more America now’, ITS is also building more land for the Port of Long Beach while expanding capacity and driving efficiency on its terminal.”
READ: Port of Long Beach named busiest US port in Q1 2025
The project is expected to create over three years of consistent employment for local workers, union trades, and small businesses.
Materials will be sourced domestically, including rock from Catalina Island, dredged materials from Newport and the Port of Long Beach Harbour, and American-made concrete pilings and structural materials installed by local subcontractors.
The South Slip Fill Project follows earlier upgrades at the ITS Long Beach terminal, such as the introduction of the port’s first on-dock rail system and new electric ship-to-shore cranes.
The Port of Long Beach is ramping up green investment. In March this year, the port announced plans to allocate up to 70 per cent of its annual budget for zero-emission truck incentives, refocusing on fleet turnover as charging and fuelling infrastructure for zero-emission vehicles continues to expand.
Port Technology International
port-and-ship
14 July 20252 min readIts Announces $365M Terminal Expansion At Port Of Long Beach
Port Technology International
14 July 2025
port-and-ship
Dp World To Invest $800 Million To Rebuild Syria’S Tartus PortDP World, a Dubai-based logistics company, has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus.
As part of this long-term deal, the company will invest USD 800 million over the full period to upgrade the port’s infrastructure and help turn it into a regional trade hub.
The agreement was signed in Damascus in the presence of the President of the Syrian Arab Republic, Ahmed Al-Sharaa. It was signed by Sultan Ahmed bin Sulayem, Chairman and Group CEO of DP World, and Qutaiba Ahmed Badawi, Chairman of the General Authority for Land and Sea Ports.
The Port of Tartus is located on Syria’s Mediterranean coast and is the second-largest port in the country. The redevelopment comes after more than ten years of conflict and is expected to support Syria’s economic recovery and improve its role in international trade.
DP World will fully own the project during the concession under a Build-Operate-Transfer (BOT) model. The plan involves developing new infrastructure, upgrading cargo-handling equipment with advanced technology, and implementing digital systems to enhance efficiency at the port’s container and general cargo terminals.
The company sees strong potential in Tartus to become an important trade gateway that connects Southern Europe, the Middle East, and North Africa.
With this agreement, Syria aims to modernise the Port of Tartus, improve the efficiency of its trade operations, rebuild its key trade routes, support the national economy, and create more opportunities for Syrian people.
Once redeveloped, the port will be able to handle general cargo, breakbulk, containers, and roll-on/roll-off traffic. Its strategic location will boost regional connectivity and expand Syria’s trade capacity. The port’s position also complements existing routes through the Bosporus and the Suez Canal.
DP World also plans to explore other opportunities in Syria. These include setting up free zones, inland logistics hubs, and transit corridors in partnership with local stakeholders. These efforts aim to support economic diversification and improve trade in the region.
Reference: DP World
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Disclaimer : The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
Do you have info to share with us ? Suggest a correction
Marine Insight
port-and-ship
14 July 20253 min readDp World To Invest $800 Million To Rebuild Syria’S Tartus Port
Marine Insight
14 July 2025
port-and-ship