please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . march 2016 learn how and when to remove this template message this article may require cleanup to meet wikipedia s quality standards . the specific problem is grammar tone please help improve this article if you can . march 2013 learn how and when to remove this template message learn how and when to remove this template message coordinates 24 59 n 55 05 e 24.983 n 55.083 e 24.983 ; 55.083 dp world type dual listed company traded as nasdaq dubai dpw industry maritime founded 2005 headquarters dubai united arab emirates key people sultan ahmed bin sulayem group chairman and ceo jamal majid bin thaniah vice chairman yuvraj narayan group cfo products ferries port services logistics services revenue 3 121 million 1 usd number of employees 37 000 website www.dpworld.com dp world arabic is a leading enabler of global trade and an integral part of the supply chain . it operates multiple yet related businesses from marine and inland terminals maritime services logistics and ancillary services to technology driven trade solutions . dp world has a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high growth and mature markets . its aim is to be essential to the bright future of global trade ensuring everything it does has a long lasting positive impact on economies and society . dp world s dedicated team of over 37 000 employees from 110 countries cultivates long standing relationships with governments shipping lines importers and exporters communities and many other important constituents of the global supply chain to add value and provide quality services today and tomorrow . container handling is the company s core business and generates more than three quarters of its revenue . in 2015 dp world handled 61.7 million teu twenty foot equivalent units across our portfolio . with its committed pipeline of developments and expansions the current gross capacity of 79.6 million teu is expected to rise to more than 100 million teu by 2020 in line with market demand . by thinking ahead foreseeing change and innovating dp world aims to create the most productive efficient and safe trade solutions globally . the company was founded in 2005 by merging dubai ports authority and dubai ports international which had been founded in 1999 . it purchased p & o group of the united kingdom in 2006 for 3.9 billion 7 billion which was at the time the world s fourth largest ports operator . shares representing 20 % of the company were floated on the nasdaq dubai stock exchange in 2007 . the company does not currently operate in the united states where its purchase of a number of u.s. ports led to high level controversy . contents 1 history 1.1 early history 1.2 2006 us port security controversy 1.3 2007 2010 nasdaq dubai listing 1.4 2010 present london dual listing 2 corporate affairs 2.1 supply chain security 2.2 counter piracy 2.3 sponsorships 3 location of dp world s operations 4 references 5 external links history edit early history edit dubai ports international dpi was founded in 1999 . 2 its first project was at jeddah saudi arabia collaborating with a local partner on the management and operation of the south container terminal sct . dpi then went on to develop operations at the ports of djibouti in 2000 vizag india in 2002 and constanta romania in 2003 . 2 in january 2005 dpi acquired csx world terminals csx wt . 3 it was later in september 2005 that dubai ports international officially merged with the dubai ports authority dpa to form dp world . 4 the rapid expansion through acquisition continued in march 2006 when dp world purchased the fourth largest ports operator in the world the peninsular and oriental steam navigation company p & o for 3.9 billion 7 billion . 2006 us port security controversy edit main article dubai ports world controversy the ownership of various u.s. ports by dp world which had been acquired as part of the p & o deal was seen as highly controversial by many in the united states even though it was supported by the u.s. president of the time george w. bush ; the us ports were sold shortly afterwards . p & o operated major u.s. port facilities in new york new jersey philadelphia baltimore new orleans and miami . before the deal was secured the arrangement was reviewed by the committee on foreign investment in the united states headed by the u.s. treasury department and including the departments of state commerce and homeland security . it was given the green light but soon after both democratic and republican members of congress expressed concern over the potential negative impact the deal would have on port security . on 22 february 2006 president george w. bush threatened to veto any legislation passed by congress to block the deal which would be the first time in his presidency he would exercise the privilege . in a statement to reporters bush claimed it would send a terrible signal to friends and allies not to let this transaction go through . 5 on 23 february 2006 dp world volunteered to postpone its takeover of significant operations at the seaports and on 9 march 2006 is said that it would transfer its operations of american ports to a u.s. entity . 6 the united states house of representatives held a vote on 16 march 2006 on legislation that would have blocked the dp world deal with 348 members voting for blocking the deal and 71 voting against . 7 dp world later sold p & o s american operations to american international group s asset management division global investment group for an undisclosed sum . 8 in august 2006 dp world signed an agreement with the port qasim authority to invest in a new container terminal at port muhammad qasim near karachi and announced that it was in discussions with the pakistani government about the development of a container terminal at gwadar in balochistan . 9 dp world had been favourite to win the gwadar concession but withdrew from the bidding . 10 gwadar port was subsequently awarded to psa port of singapore authority and opened in march 2007 . 11 2007 2010 nasdaq dubai listing edit in june 2007 the company raised 3.25 billion in islamic and conventional bond sales to refinance existing debt and fund expansion 12 and issued 3.818 billion shares representing 20 % of the company on the nasdaq dubai stock exchange in november 2007 in what was the middle east s largest initial public offering ipo which raised 4.96 billion dollars . 13 by 2008 the company was handing 46.8 million teu worldwide up 8 % on 2007 with expansion and development projects in india china the middle east and elsewhere . capacity was expected to rise to around 95 million teu over the next ten years . 2 in december 2009 moody s downgraded dp world s financial status to junk after the dubai 2009 debt standstill . 14 2010 present london dual listing edit in the second quarter of 2010 dp world gave the go ahead for construction of the 1.5 billion london gateway port . 15 16 work started in february 2010 17 with the port due to open in the fourth quarter of 2013 . by april 2011 moody s upgraded dp world s financial status to investment grade . 18 in june 2011 the company dual listed on the london stock exchange . 19 since december 2010 dp world has undertaken a series of asset disposals exiting markets where it does not have a significant presence and seeking to redeploy funds in fast growing markets . 20 corporate affairs edit supply chain security edit dp world has been certified as a partner in the customs trade partnership against terrorism c tpat initiative by u.s. customs and border patrol to date the only international port operator to have achieved this recognition . this certification is primarily based on dp world s commitment to the independently audited international iso 28000 security standards . dp world was the first global maritime terminal operator to achieve iso 28000 supply chain security certification and is rolling out the standard to all its terminals 21 22 counter piracy edit in june 2012 in partnership with the uae ministry of foreign affairs dp world convened the second high level public private counterpiracy conference in dubai . 23 the washington post reported diplomats and business leaders ... are pushing for stronger partnerships between the public and private sectors in combating piracy off the coast of somalia . 24 the april 2011 conference was the first time companies rather than governments had contributed financial support to the un counter piracy trust fund . 25 the inaugural conference was attended by more than 65 governments and representatives of international organisations including the united nations 26 and more than 120 leaders from maritime industry related companies . sponsorships edit dp world sponsor the newly re titled dp world tour championship dubai played at jumeirah golf estates . 27 for the first three editions of the tournament previously known as the dubai world championship dp world had been a presenting sponsor . dp world also support the hong kong open the penultimate event on the race to dubai and the bmw pga championship at wentworth club . location of dp world s operations edit qingdao qianwan container terminal qingdao new qianwan container terminal qingdao qianwan united container terminal qingdao qianwan united advance container terminal tianjin orient container terminal yantai international container terminal dp world hong kong terminal petikemas surabaya ati batangas port of manila south harbor mns pusan newport company laem chabang international terminal lcit saigon premier container terminal spct dp world chennai dp world cochin dp world kulpi mundra international container terminal mict dp world nhava sheva visakha container terminal dp world karachi terminales rio de la plata empresa brasileira de terminais portu rios embraport dp world vancouver stevedoring division dp world vancouver container division dp world nanaimo dp world caucedo dp world callao dp world paramaribo dp world paramaribo dp world brisbane dp world fremantle dp world melbourne dp world sydney dp world djazair dp world djen djen port autonome international de djibouti paid doraleh container terminal dct maputo intermodal container deport micd dp world cargo services mozambique dp world maputo dp world dakar terminal conteneur dp world cargo services cape town dp world cargo services durban dp world cargo services port elizabeth dp world cargo services richards bay dp world dakar port du futur antwerp gateway dp world antwerp delwaide beverdonk container terminal eurofos fos 2xl terminal de france quai des am riques quai de l europe dp world germersheim rotterdam world gateway dp world constanta dp world tarragona dp world yarimca dp world london gateway dp world southampton dp world sokhna dp world sokhna new development dp world jeddah al hamriya port port rashid dp world jebel ali terminal 1 dp world jebel ali terminal 2 dp world jebel ali terminal 3 dp world fujairah dp world s portfolio as of 26 october 2012 container terminals non container terminals new developments and major expansions dp world has a portfolio of 77 operating marine and inland terminals supported by over 50 related businesses in 40 countries across six continents with a significant presence in both high growth and mature markets . the company has a dedicated team of over 37 000 employees from 110 countries is headquartered in dubai uae . the table below