DP World to double capacity
DP World intends to almost double its port capacity from 48.6 million TEUs to 90 million by 2017.In the first half of 2007, the group, which is the world's fourth largest port operator, handled 20.3 million TEUs, up 23 per cent on the first half of 2006. In 2006 as a whole, it handled 36.8 million TEUs.'We are looking at major growth areas in Asia Pacific, the Middle East and Africa,' says Jamal Majid bin Thaniah, executive vice-chairman of DP World.The group is acquiring and developing port facilities in emerging markets. It finalised an investment in Dakar, Senegal, in October and is building the largest terminal in India, at Vallarpadam near Kochi, which is scheduled to begin operations in 2010.
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