Middle East overcapacity talk dismissed
The prospect of overcapacity in the Middle East has been rejected by DP World at TOC Middle East in Dubai this week.
Dirk Van Den Bosch, chief commercial officer, DP World UAE Region, questioned the view that there is a “spectre of overcapacity” hanging over the area.
“There are enough economic and trade drivers to justify the need for expansion in our region,” he told delegates.
DP World senior vice president and managing director, UAE Region, Mohammed Al Muallem explained that committed developments and expansions will take the operator’s global capacity to more than 100m teu by 2020, in line with market demand.
“Last year we handled more than 56m teu, with the figure for the first three quarters of this year registering around 41m teu, and our UAE Region reaching record throughput and extremely high levels of utilisation.”
Martijn Van de Linde, chief executive of Abu Dhabi Terminals, added that he expected the “lion’s share” of port capacity would continue to be in the UAE for the foreseeable future. “We feel that regional capacity will still be highly utilised and that an increasing share of capacity will be automated.”
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