Dubai’s DP World says it is now reviewing its international projects.
DP World is a subsidiary of Dubai World which is currently trying to restructure its debt.
Mohammed Sharaf, chief executive officer of DP World, dismisses the idea that any of its projects have been stopped.
“We have not frozen any projects, they are all currently under review until further announcement,” Sharaf says.
DP World operates 49 terminals internationally and took over the management of DP World Djen Djen and DP World Djazair ports in Algeria this year.
In September, the company said that container volumes were down eight per cent for the first nine months of this year, compared to the same time in 2008.