DUBAI-headquartered DP World is to expand its flagship Jebel Ali port with the construction of Terminal 4 that will raise capacity by 3.1 million TEU by 2018.
This will take company-wide capacity to 22.1 million TEU, after total volume across its global terminal portfolio rose by 4.1 per cent during the first half of the year compared to the same period in 2014, to 30.6 million TEU.
Chairman Sultan Ahmed Bin Sulayem was quoted as saying in a report by Construction Week, Dubai: "We are on track to deliver an additional two million TEU of capacity in Terminal 3 in the second half of 2015.
"Despite the new capacity additions, Jebel Ali continues to operate at high levels of utilisation, and given the strong domestic and regional growth outlook, including the lead up to Expo 2020, we are delighted to announce construction of Terminal 4, which will deliver phase one new capacity of 3.1 million TEU by 2018."
Growth in the first half was largely driven by the group's Europe and UAE terminals, with 7.9 million TEU handled in the Emirates, representing growth of six per cent. Volumes across Europe, Middle East and Africa (EMEA) were up 6.9 per cent.
The chairman said that the group's port in Yarimca, Turkey is on track to launch during the final quarter of 2015, and that Fairview, Canada is expected to be completed during the second half of the year.
WORLD SHIPPING
02 September 2015 - 22:04
DP World to add 3.1 million TEU to Jebel Ali with 4th terminal by 2018
DUBAI-headquartered DP World is to expand its flagship Jebel Ali port with the construction of Terminal 4 that will raise capacity by 3.1 million TEU by 2018.
WORLD SHIPPING
02 September 2015 - 22:04
DP World to add 3.1 million TEU to Jebel Ali with 4th terminal by 2018
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