DP World, one of the leading global port operators, acquired a 51% majority stake in TIS Container Terminal Ukraine, which is owned by TIS Group, the Ukrainian company announced on February 13.
“A partnership with DP World will give TIS Container Terminal the opportunity to attract new container lines, develop additional services inside the terminal, expand the bundle of general and bulk cargoes… DP World will introduce it’s latest IT solutions and the group’s global expertise.” TIS Group said in a press release.
DP World has 78 marine terminals in 50 countries with a 2019 turnover which exceeded 71 million TEU. TIS Container Terminal is created for large vessels that can only operate in the Black Sea and which cannot be accepted by any other port in Ukraine. It is the longest and deepest container berth in the country. TIS Group owns an additional four terminals.
