Jan 05 2012 |
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DP World in Nanaimo deal
By Abdul Basit DUBAI - DP World Vancouver will operate Port of Nanaimo's facilities as both the authorities have signed an agreement for the operation.Dubai's DP World currently operates more than 60 marine terminals around the world, including general cargo and container handling facilities, as well as cruise terminals.
DP World Vancouver and the Nanaimo Port Authority have signed a three-year agreement that awards the former the right to operate the Port of Nanaimo's facilities, including the general cargo Duke Point facility and Assembly Wharf.
"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," DP World Americas senior vice president and managing director Matthew Leech said in a statement. 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.
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.
© Khaleej Times 2012
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