DP World team wins Rotterdam terminal

12 July 2007

Dubai: DP World, the world's third biggest port operator, will build and manage a container terminal in Rotterdam, Europe's biggest port, as part of a consortium that includes four other shipping companies.

DP World holds a 30 per cent share in the 900-million-euro greenfield development, the company's chief executive officer Mohammad Sharaf said.

The terminal will have a capacity of four million TEUs (twenty-foot equivalent container units) and will be operational in 2013. It will add huge capacity to the European transportation hub. "Congestion is a real issue in Europe and this will in be an important facility to help relieve the pressure for importers and exporters alike," Sharaf said.

The terminal is part of the Maasvlakte 2 development designed to expand the Port of Rotterdam.

DP World's partners in the terminal include Mitsui OSK Lines of Japan, Hyundai Merchant Marine of Korea, APL of Singapore and CMA CGM of France.

The terminal will have a 1900-metre long deepsea quay with a depth of 20 metres, the port authority said.