DP World to build Rotterdam terminal

A consortium led by DP World signed a contract to develop and manage a new container terminal in Rotterdam that will increase the largest European port's current container handling capacity by 40 per cent.

DP World holds a 30 per cent stake in the 900-million euro Rotterdam World Gateway terminal, which is part of the large Maasvlakte-2 development unveiled by the Port of Rotterdam Authority. The Dubai firm's partners in the venture, announced earlier in July, are APL of Singapore, Mitsui OSK Lines of Japan, Hyundai Merchant Marine of South Korea and French shipping line CMA CGM. The agreement covers building the superstructure, equipping and operating the new terminal on the North Sea. The terminal will have a capacity of about four million TEUs per year. It will be phased into operation from 2013 onwards.

Read More