Marine terminal operators sees exciting developments in India

Image
Press Trust of India Dubai
Last Updated : Feb 04 2015 | 5:05 PM IST
DP World Limited, one of the largest marine terminal operators in the world, sees exciting developments this year in emerging economies like India, Turkey and the Middle East.
DP World Limited handles 60 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2014.
DP World has a portfolio of more than 65 marine terminals across six continents, including new developments underway in India, Africa, Europe and the Middle East.
DP World operates terminals in Kochi, Mundra, Nhava Sheva, Chennai and Vishakapatnam.
"As we look ahead into 2015 we have a number of exciting developments, including new capacity coming on stream in The Netherlands, Turkey, India and the UAE, the development of a logistics hub in Belgium and further integrated ports and logistics solutions for our customers with the completion of our JAFZA acquisition," said DPW Chairman Sultan Ahmed Bin Sulayem.
Although some of its terminals continue to operate in a challenging macro environment, market conditions across the portfolio are expected to be generally favourable in 2015.
According to the terminal operator, the UAE delivered an impressive performance handling 15.2 million TEU, representing growth of 11.8 per cent for the year.
Europe showed a solid return to volume growth in 2014. At a consolidated level, our terminals handled 28.3 million TEU during 2014, a 9.5 per cent improvement in like-for-like performance.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 04 2015 | 5:05 PM IST

Next Story