• Airways
  • Railway
  • Roadways
  • Shipping & Port
Transport Advancement
  • Home
  • News
  • Projects
    Stockholm Metro Expansion

    Stockholm Metro Expansion Backed by €2B EIB Funding

    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

  • Articles
  • Press Statements
  • Market Reports
    Bonded Zones and Mega

    Bonded Zones and Mega Terminals Playing Part Regionally

    Heavy Duty Vehicle Electrification Driving Transportation

    Heavy-Duty Vehicle Electrification Driving Transportation

    European Rail Freights

    2025-2029 European Rail Freight Transportation Market View

    Intelligent Transportation

    Intelligent Transportation System Market – 2032 Growth Story

    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

  • Events
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Projects
    Stockholm Metro Expansion

    Stockholm Metro Expansion Backed by €2B EIB Funding

    Highways England unveils plans to widen A12

    Highways England unveils plans to widen A12

    African Development Bank, Africa50 in Landmark Bridge Project Linking Kinshasa and Brazzaville

    Geely Holding to Cooperate with China Aerospace Science and Industry Corporation on Developing Technologies Including Supersonic Trains

    AECOM to provide site supervision services for Malaysia’s East Coast Rail Link project

    Talgo obtains €30 million from the European Investment Bank for Innovation projects

    U.S. Department of Transportation Advances Rail Projects in Florida and Texas

    World premiere of the Mercedes-AMG Project ONE: Mercedes-AMG brings Formula 1 technology to the road

    One of the world’s longest electric car highways will be built in Australia

  • Articles
  • Press Statements
  • Market Reports
    Bonded Zones and Mega

    Bonded Zones and Mega Terminals Playing Part Regionally

    Heavy Duty Vehicle Electrification Driving Transportation

    Heavy-Duty Vehicle Electrification Driving Transportation

    European Rail Freights

    2025-2029 European Rail Freight Transportation Market View

    Intelligent Transportation

    Intelligent Transportation System Market – 2032 Growth Story

    MaaS

    Mobility as a Service – MaaS Set To Witness A Global Demand

    Transportation growth in Tourism

    On-Demand Transportation Throttles Growth in Tourism

    Achieving Global Retail Expansion And Sustained Growth

    Shifting Sourcing strategies with Maersk, Bose & Infineon – Reuters Events

    Austal signs agreement to buy BSE Maritime Solutions

    Austal signs agreement to buy BSE Maritime Solutions

  • Events
  • Contact Us
No Result
View All Result
Transport Advancement
No Result
View All Result
Home News

DP World and Evyap Group form DP World Evyap Port

3rd September 2023
in News, Shipping & Port
UAEs DP World, Canadas CDPQ acquire Fraser Surrey Docks

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

0
SHARES
37
VIEWS
Share on FacebookShare on Twitter

Global port operator DP World and Turkey’s Evyap Group have agreed to form a strategic equity partnership between DP World Yarimca Port and Evyap Port to improve supply chain services in the country.

Dubai-based DP World will own 58 per cent of Evyap Port while the Evyap Group will own 42 per cent of DP World Yarimca once the deal is completed, the UAE company said on Tuesday.

The new business will be named DP World Evyap Port. “The partnership aims at enhancing and growing trade infrastructure by focusing on improving container port facilities and enhancing efficiencies in the key Marmara gateway market,” it said.

“The collaboration seeks to improve productivity, reduce turnaround times, ensure security, and broaden service offerings, benefitting Turkish trade.”

The move comes after the UAE and Turkey announced agreements and accords worth a combined $50.7 billion in July as they seek to strengthen investment ties and boost collaboration in strategic sectors.

The accords covered sectors such as infrastructure, energy, defence, technology, finance and space.

The two countries also signed a comprehensive economic partnership agreement earlier this year, which was ratified in May.

It is expected to help push bilateral non-oil trade to more than $40 billion, from about $19 billion currently, and create thousands of jobs in the two countries, Dr Thani Al Zeyoudi, Minister of State for Foreign Trade, said in May.

Turkey is the fastest-growing of the UAE’s top 10 trading partners, Dr Al Zeyoudi said. Total UAE investments in Turkey stood at $7.8 billion by the end of 2021, spanning several sectors, such as financial services, property, transport, renewable energy, ports and logistical services.

The UAE-Turkey Cepa will “unlock the massive economic potential of Turkey as a global trade hub”, DP World said in May.

The DP World Yarimca container terminal in the Izmit Gulf is one of the largest in the country with a capacity of 1.15 million twenty-foot equivalent units (TEUs) and is capable of handling the world’s largest container ships, according to the company.

The port, in Turkey’s largest industrial zone, is part of the trade corridor linking Asia, Europe and Africa.

Evyap Group currently operates Evyap Port, Turkey’s fourth biggest private port, according to the company’s website.

Evyap Port’s container terminal has an annual handling capacity of 855,000 TEUs and 455 metres of linear dock, providing services to main vessels that are up to 400 metres in length as well as small feeder vessels, according to the port’s website.

This month, DP World said it would add about three million TEUs of container-handling capacity by the end of the year to help meet growing demand in key trade markets, including 579,000 TEUs in Yarimca.

The company, which manages about 9 per cent of the world’s handling capacity and is among the top five global ports operators, said the addition will take its total gross capacity to 93.6 million TEUs. Its medium-term target is to reach 100 million TEUs a year, depending on demand.

Previous Post

Swissport awarded CEIV Pharma in Liege and Toronto

Next Post

Wartsila to supply propulsion system for zero emissions ferry

Related Posts

Iraq Railway Project
News

Iraq Railway Project Gets $930M Boost for Trade, Jobs

4th July 2025
China Airlines Airbus Deal
Airways

China Airlines & Airbus Deal Boosts Asia-Pacific Expansion

4th July 2025
Dubai Tests Joby Aerial
News

Dubai Tests Joby Aerial Taxi in Urban Mobility Milestone

4th July 2025
Bonded Zones and Mega
Airways

Bonded Zones and Mega Terminals Playing Part Regionally

25th June 2025
Multimodal Integration
Asia Pacific

Multimodal Integration Defining Modern Logistics Pathway

25th June 2025
Advanced Signalling Systems for Turkey Station by Hitachi
News

Advanced Signalling Systems for Turkey Station by Hitachi

24th June 2025
Next Post
Wartsila to supply propulsion system for zero emissions ferry

Wartsila to supply propulsion system for zero emissions ferry

Latest Post

China Airlines Airbus Deal
Airways

China Airlines & Airbus Deal Boosts Asia-Pacific Expansion

4th July 2025
Transforming Air Travel
Airways

Transforming Air Travel: Passenger Terminal of 2030 Vision

26th June 2025
Designing the Future
Airways

Designing the Future Terminal for Smart Operations

26th June 2025
Cybersecurity in Terminal
Airways

Cybersecurity in Terminal Environments: A Rising Priority

25th June 2025
Bonded Zones and Mega
Airways

Bonded Zones and Mega Terminals Playing Part Regionally

25th June 2025
Digital Twins and Predictive
Airways

Digital Twins and Predictive Management in Terminals

25th June 2025
Transport Advancement

About Us

Transport Advancement is a leading information centric website for latest updates within the industry. We cover Railway, Road Traffic, Airways, Shipping & Port and run with an objective to provide knowledge driven content to our readers and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack
  • Newsletter Subscription

System

  • Search
  • Site map
  • RSS Feed
  • Airways
  • Railway
  • Roadways
  • Shipping & Port

© 2022 Copyright Value Media Services 2022 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Articles
  • Press Statements
  • Market Reports
  • Events
  • Contact Us

© 2022 Copyright Value Media Services 2022 All rights reserved.