Following news that DP World was looking to spend around US$1 billion into India’s ports, the company is expanding its intermodal reach in the emerging Asian economy after solidly positioning itself in India with a host of port terminal concessions, including for two facilities at the largest port, Jawaharlal Nehru Port Trust.
DP World said: “CRRS is continuously exploring opportunities of opening up new routes and has firm plans to grow rapidly in the near future, through capacity enhancement with commencement of every such route.”
This news follows a recent announcement from DP World that it had increased profits by 50% in H1, 2016, as well increased revenue by 10%.
Its revenue increase was supported by acquisitions of both Prince Rupert in Canada, as well as the Jebel Ali Free Zone in the UAE.
Despite these positive moves, DP World has recently announced that it is to delay its Terminal 3 (T3) expansion at Jebel Ali Port, with development at its T4 facility also expected to be slowed due to softer market conditions.
However, DP World is known for its forward-thinking attitude to trade and innovation and is set to test the viability of ‘Hyperloop One’, the futuristic transport system that could carry cargo from one place to another at more than 700 miles per hour.