DP World creates new marine unit following Topaz acquisition

DP World creates new marine unit following Topaz acquisition

 

DP World has established a Dubai-based marine solutions and logistics company, P&O Maritime Logistics (POML).

POLM is the result of DP World’s recent USD 1.1 bn acquisition of Topaz Energy and Marine and its integration with P&O Maritime.

The new company will focus on three strategic segments: offshore, port services and logistics. However, the company’s core will be further optimization of offshore logistics for energy companies.

The company owns and operates approximately 400 vessels and will be led by former Topaz Energy and Marine CEO, René Kofod-Olsen.

“By bringing together the expertise of two great DP World companies, we will be strengthening the overall P&O brand which brings with it a legacy of more than 180 years of maritime history. We look forward to seeing the company develop through its next phase of growth under René’s leadership, delivering the craftsmanship its customers have rightfully come to expect,” Sultan Ahmed Bin Sulayem, Chairman and CEO of DP World, said.

“Customers now want a handful of select, trusted, suppliers who can provide much more than one single service. P&O Maritime Logistics is strategically positioned to provide a wide portfolio of services to our customers, be it within one segment such as offshore or port services, or an integrated logistics offering with a combination of services. Owing to the integration between the two companies, we will be able to offer it all and to deliver a difference which drives value for our customers, across all seven continents,”René Kofod-Olsen, Chief Executive Officer, said.  

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