Latest news with #Constanta
Arabian Business
5 days ago
- Business
- Arabian Business
DP World halves Romania-Turkey shipment times with Constanta upgrades
DP World, Dubai's ports and logistics company, has halved shipping times between Romania and Turkey. Speaking to Reuters, Kris Adams, Vice President of DP World Eastern Europe, said this was made possible as the company expands its Black Sea operations at the European Union's eastern border. DP World slashes Black Sea shipping times Last year, DP World more than doubled its container shipping capacity at Romania's largest Black Sea port of Constanta with the addition of a roll-on, roll-off (Ro-Ro) terminal and a logistics hub in western Romania. This year, it has added an integrated European logistics service out of Romania – offering road, sea, air and rail services – for clients in neighbouring Bulgaria, Moldova, Serbia and Turkey. A new scanner at the Constanta Ro-Ro terminal has reduced truck inspection times from 5-7 hours to 2 minutes. Adams told Reuters: 'We have made huge strides in optimising maritime trade between Turkey and Constanta, improving the transit time by sea by 50 per cent. 'Istanbul-to-Bucharest shipments have been cut to under 30 hours, creating a viable alternative to road transport.' Adams said the Constanta upgrades cost a total of 130 million euros (US$151 million) so far, but more would follow as there is growth potential in automotive, e-commerce and renewable energy cargo. 'We're looking at ultimately investing over 200 million euros (US$232.5 million). There will be more in staff, in a digital platform and we have an ambition to operate contract logistics, so that means that we will, at some stage, be operating warehouses but it is too early to comment,' Adams added. Constanta is a gateway to Central Asia and provides access to the Danube river and Western Europe. Its importance has also grown as companies relocate operations to Eastern Europe's low-cost manufacturing hubs to shorten supply chains.
Zawya
6 days ago
- Business
- Zawya
DP World halves Romania-Turkey shipment times as it bolsters Black Sea assets
Dubai-owned ports and logistics company DP World has cut shipping times between Romania and Turkey by half, a senior executive said, as it expands its Black Sea operations at the European Union's eastern border. DP World more than doubled its container shipping capacity at Romania's largest Black Sea port of Constanta last year, with the addition of a roll-on, roll-off (Ro-Ro) terminal, and a logistics hub in western Romania. It has this year added an integrated European logistics service out of Romania offering road, sea, air and rail services, initially for clients in neighbouring Bulgaria, Moldova, Serbia and Turkey. "We have made huge strides in optimising maritime trade between Turkey and Constanta, improving the transit time by sea by 50%," DP World Eastern Europe Vice President Kris Adams told Reuters. "Istanbul-to-Bucharest shipments have been cut to under 30 hours, creating a viable alternative to road transport." A new scanner at DP World's Constanta Ro-Ro terminal has reduced truck inspection times from 5-7 hours to 2 minutes, he added. The upgrades cost a total of 130 million euros, but Adams said more would follow as there is growth potential in automotive, e-commerce and renewable energy cargo. "We're looking at ultimately investing over 200 million euros, there will be more in staff, in a digital platform and ... we have an ambition to operate contract logistics, so that means that we will at some stage be operating warehouses but it is too early to comment." Investment in infrastructure and exports of Ukrainian grain through Constanta in the wake of Russia's 2022 invasion helped boost operations at the port, which is a gateway to Central Asia and provides access to the Danube river and Western Europe. Its importance has also grown as companies relocate operations to Eastern Europe's low-cost manufacturing hubs to shorten supply chains. Adams said the company's investment plans would continue regardless of pending tax hikes by Romania's broad coalition government, although he noted the rises could dampen trade. (Reporting by Luiza Ilie; Editing by Kirsten Donovan)
