Dubai Port World is purchasing 87 sets of container cranes for US$343 million from port machinery supplier, Shanghai Zhenhua Port Machinery Company, the world’s largest port equipment producer.
The cranes are to be delivered between 2009 and the first quarter of 2010. The deal comes amid plans by international container terminal operator DP World to build ten more piers over the next few years, with 13 berths currently under construction.
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