DP World takes over US automotive logistics company

24 Oct 2023 CW Team

Dubai's state-owned ports behemoth, DP World, has made an undisclosed acquisition of California-based containerised car shipping specialist and freight forwarder CFR Rinken. DP World, which proudly asserts its role in transporting one out of every ten new cars across the globe, has characterized this acquisition as a "strategic move aimed at bolstering its ability to provide tailor-made solutions to its automotive clientele."

Presently, DP World operates 16 roll-on/roll-off (RoRo) terminals, facilitating the shipping of over 30,000 cars in containers each year, and offering storage solutions for an impressive inventory of over 1 million cars. The company manages a substantial 2 million CEU (Container Equivalent Units) annually, all while delivering value-added services for vehicles that are ready for dealers.

CFR Rinkens, on the other hand, has been a seasoned provider of volume containerization services for fully assembled vehicles and semi-knockdown kits for over two decades. In addition to its automotive services, CFR Rinkens extends bespoke logistics solutions to the burgeoning energy storage and battery lifecycle sectors. Notably, the company has witnessed a surge in demand for its services as automakers pivot towards electric vehicles and seek alternatives to the increasingly costly car carrier segment.

The exact financial details of this acquisition remain undisclosed, but it reflects DP World's strategic efforts to diversify and strengthen its presence in the automotive logistics landscape, catering to the evolving needs of the industry, particularly in the context of the transition to electric vehicles.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..