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DP World Vancouver selected by Nanaimo Port Authority to operate its cargo terminals

Plans include a short sea shipping opportunity moving containers between the Mainland and Vancouver Island

Vancouver, B.C. Canada, Dubai, United Arab Emirates, 4 January 2012: - DP World Vancouver and the Nanaimo Port Authority have signed a three year agreement that awards DP World Vancouver the right to operate the Port of Nanaimo's facilities, including the general cargo Duke Point facility and Assembly Wharf.

The two parties are looking at diversifying and pursuing commodities along with short sea shipping of containers to and from Vancouver Island. The current commodities handled at the three berth Port of Nanaimo facilities consist of traditional forest products along with salt and kaolin. The facility also handles cruise ship passengers at a newly built berth opened for the cruise season 2011.

Today, Vancouver Island is one of the world's highest population, non-road connected islands without any lo-lo (lift-on, lift-off) container terminal facilities, instead relying on inefficient ro-ro (roll on, roll off) services. The short sea shipping project will ensure greater connectivity for trade to and from Vancouver Island.

DP World currently operates more than 60 marine terminals around the world, including general cargo and container handling facilities, as well as cruise terminals.

Bernie Dumas, President, Nanaimo Port Authority said:

"We are very pleased to be working with DP World over the coming years. The port wants to import and export a greater variety of commodities and our agreement with DP World with its extensive experience in both container and commodity handling allows us to explore new business opportunities and to reduce our reliance on a single market."

Matthew Leech, Senior Vice President and Managing Director, DP World , Americas, said:

" At DP World we have extensive global experience and expertise that we will apply at the Port of Nanaimo to help customers expand their businesses efficiently, contributing to the growth of the local economy in Vancouver and Canada as a whole. We are excited to be given the opportunity to expand our capability in this growing and dynamic market and look forward to working in partnership with the Port of Nanaimo into the future."

-Ends-

About DP World
DP World operates more than 60 terminals across six continents⁽¹⁾, with container handling generating around 80% of its revenue. In addition, the company currently has 11 new developments and major expansions underway in 10 countries.

DP World aims to enhance customers' supply chain efficiency by effectively managing container, bulk and other terminal cargo. Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.

The company constantly invests in terminal infrastructure, facilities and people, working closely with customers and business partners to provide quality services today and tomorrow, when and where customers need them.

In taking this customer-centric approach, DP World is building on the established relationships and superior level of service demonstrated at its flagship Jebel Ali facility in Dubai, which has been voted "Best Seaport in the Middle East" for 17 consecutive years.

In 2010, DP World handled nearly 50 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia. With a pipeline of expansion and development projects in key growth markets, including India, China and the Middle East, capacity is expected to rise to around 100 million TEU by 2020, in line with market demand.

www.dpworld.com

(1) As of December 2011. Includes non-container terminals

About the Nanaimo Port Authority
The Nanaimo Port Authority was created in 1961 as the Nanaimo Harbour Commission and was continued as the Nanaimo Port Authority on July 1, 1999 under the Canada Marine Act.

The Port is a Federal agency whose mandate is to administer, control, manage and protect navigation and safety of the Nanaimo Harbour. The Port strives to be competitive and continue its role as a catalyst for improvement of the Nanaimo waterfront.

Port facilities include deep sea terminals at Nanaimo Assembly Wharf, Duke Point Terminal, Commercial Inlet Basin and Marina, W. E. Mills Landing and Marina for larger vessels, Pioneer Waterfront Plaza Shops and Parking, Seaplane Terminal, Walking/Fishing Pier, Harbourside Walkway and the administration of federal water leases in the Port boundaries.

The Port also acts as a facilitator in initiating and supporting ideas and events which stimulate economic growth for the community and, laterally, the Port.

Media inquiries:
Natasha Bukhari
Global Corporate Communications Manager
DP World
Tel: +971 56 6821699
Natasha.Bukhari@dpworld.com

Sanaa Maadad
Director, Media
Hasaad Communications
Tel: +971 50 5522610
sana@hasaad.ae

Doug Peterson
Manager, Marketing and Sales
Nanaimo Port Authority
Tel: +1 250 753-4146
dougp@npa.ca

© Press Release 2012