DP World, TIPC agree to develop port terminal in Taiwan

DUBAI-based global ports operator DP World and state-run Taiwan International Ports Corporation have agreed to develop Kaohsiung Port's Terminal 7 in Taiwan.

News ID: 67854

Date: 28 July 2016 - 11:14

According to MANA,DP World, which has a portfolio of 77 inland and marine terminals worldwide, said the memorandum of understanding marks the beginning of a joint effort to seek business opportunities and drive growth in Taiwan's port infrastructure while boosting the country's trade potential. No details of the deal were disclosed.

"Our strategy in developing in strategic locations where our customers want us to be, serving global trade and being able to handle the new generation of ultra large vessels shows how we are investing in the future, translating our vision into reality," DP World Group chairman and chief executive Sultan Ahmed Bin Sulayem said.

DP World has expanded in the Asia Pacific region and now has 26 operating terminals in 11 countries in Asia Pacific and the Indian subcontinent alone, with a capacity of 35m teu.

The Kaohsiung port, according to DP World, has a key geographical location with an excellent natural harbor.

Kaohsiung port has enough container capacity to serve the immediate growth in Taiwan but does not yet have the capability to attract new growth resulting from the ultra large container vessels added to line-haul services, DP World Asia Pacific region senior vice president and managing director Rashid Abdulla said.

"This MOU marks the intention to tackle this challenge," he said. "Kaohsiung has the potential to benefit from our operational efficiencies in the region."

The Port of Kaohsiung was the world's 13th largest container port in 2015, handling 10.3m teu out of Taiwan's 14.5m teu total throughput.