DP World to Acquire US Terminal?


Maksim Mihic, General Manager of DP World Canada has said that although the company sees more potential for investing in Canada, it is not ruling out the possibility of acquiring a US terminal, according to the Wall Street Journal.

DP World expressed an interest to acquire five US terminals in 2006 but pulled back as a result of reactions from Congress lawmakers.

Technical Paper: Environmental Excellence at Prince Rupert

Mihic said: “We think Canada is a better market because you have terminals not operated by the shipping lines. There’s a lack of capacity on the west coast of Canada and vessels just keep getting bigger. We are investing in the long term, for the next 50 to 60 years. Canada needs a strong second West Coast port [at Prince Rupert].”

PTI previously reported that the Prince Rupert Port Authority and DP World had come to an agreement to study a further expansion at the Fairview Container Terminal in Prince Rupert.

There have recently been concerns over the shortage of land available for developing container terminals in Canada.

More than 2200ha of land is currently needed for three pending terminal expansion projects in Canada, in a bid to better serve truck drivers in the region.

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The country’s largest port, Metro Vancouver, could also be affected if the situation worsens toward 2025 and may prompt the port to find other sites for supporting off-dock container activities.

DP World recently posted its 2015 financial results, in which its revenue grew by more than 16% to a total of more than US$3.9 billion.

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