DP World pumps up UAE capacity
DP World has announced that it is to expand its flagship Jebel Ali port, creating an additional 4m teu. This will take total capacity to 19m teu by 2014.
DP World chief executive, Mohammed Sharaf said to Port Strategy: “The IMF is forecasting GDP growth for the GCC region of around 4%-5% per annum. Taking that, discussions with our customers and shipping analysts' forecasts into account, existing capacity at Jebel Ali will be full by 2014. Already utilisation is at record levels, with the port handling around 1m teu per month.
"The addition of 4m teu capacity from 2014 will therefore be very much needed to meet our customers' growing needs.”
Mr Sharaf also explained that the new terminal will support the continued growth of Dubai and the UAE and enhance the country's status as the trade centre of the Middle East. An additional 1,000 jobs will also be created.
Around $850m will be invested over three years to develop 1,860 metres of quayside and 70 hectares of yard from an existing container berth into the new container terminal within the existing container port.
Back in September, PS reported that Jebel Ali would also be undertaking a 1m teu expansion this year.
LATEST PRESS RELEASES
Christchurch, 06 July 2018 – PT Pelabuhan Indonesia I (Pelindo I) has chosen the terminal operating ... Read more
Gantrex has recently announced the launch of a whole new product category to its portfolio, the TrenchLok™ Cable Trench Cover.
Gantrex’ TrenchLok™ cable trench cover, efficiently and economically protects cranes’ power cables f... Read more
TGI Maritime Software launches two complementary modules allowing yard optimization and hazardous co... Read more
Asia’s future energy needs on the agenda at Tank Storage Asia 2018: Read more
Portunus Naem, the Egyptian branch of Portunus Port Spares & services is appointed as official Dana ... Read more
Our new office in Spain is not even a year old and we already celebrate two successfully completed i... Read more