Dubai, UAE; Adelaide, Australia, 07 May 2009 - Global marine terminal operator DP World and Flinders Ports, one of Australia's pre-eminent port operators, today announced a new partnership arrangement, including a 30 year concession for DP World's operations in Adelaide.
The two companies have entered a joint venture partnership in DP World Adelaide, South Australia's main container terminal, with DP World holding 60 percent and Flinders Ports 40 percent. Financial details were not released.
Anil Wats, DP World Chief Operating Officer said:
"We are very pleased to have finalised the concession for DP World Adelaide through to 2039. That continuity is important to allow us to expand the facility's capacity to meet the future needs of customers. We have already invested heavily in the terminal and this allows us to invest further in DP World Adelaide. This will be positive for the local community, creating more jobs and supporting the growth of the South Australian economy.
"We see considerable potential in this market."
Vincent Tremaine, CEO of Flinders Ports said:
"The partnership with one of the largest marine terminal operators in the world is a real plus for Flinders Ports, and for Adelaide. We are excited by the opportunities our combined strength can bring to the region and look forward to a long and fruitful partnership."
Jack Williams, Senior Vice President and Managing Director, DP World, Australia and New Zealand region, said:
"Our terminals span the entire coastline of Australia, offering seamless services that allow shipping lines to maximise efficiency. DP World Adelaide is a vital link in that network. The extended concession and new partnership will benefit customers by providing certainty as well as more capacity."
Andrew Towers, Managing Director, DP World Adelaide said:
"The team here in Adelaide has a well earned reputation for productivity and efficiency. The agreements announced today reflect the confidence of our partners and the business community in their work, today and tomorrow. We are proud to be part of the infrastructure of Adelaide."
DP World has operated the terminal at Adelaide since 2005. DP World Adelaide employs 180 people, the majority drawn from the local community.
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About Flinders Ports
Flinders Ports is one of Australia's pre-eminent port operators, currently operating seven ports in South Australia - Port Adelaide, Port Lincoln, Port Pirie, Klein Point, Port Giles, Thevenard and Wallaroo.
About DP World
DP World is one of the largest marine terminal operators in the world, with 49 terminals(1) and 12 new developments across 31 countries(2) . Its dedicated, experienced and professional team of nearly 30,000 people serves customers in some of the most dynamic economies in the world.
DP World aims to enhance customers' supply chain efficiency by effectively managing container, bulk and other terminal cargo.
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 15 consecutive years.
In 2008, DP World handled more than 46.8 million TEU (twenty-foot equivalent container units) across its portfolio from the Americas to Asia - an increase of 8% on 2007. 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 95 million TEU over the next ten years.
www.dpworld.com
Press Release 2009
