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DP World to double investments in 2015
DP World, Emirati maritime port operator, will nearly double its investments in 2015 as the terminal operator is increasing capacity by 14% across its worldwide terminals.
The operator will spend up to $1.9bn this year that is up by $900m from the year before, according to chairman Sultan Ahmed bin Sulayem. Expansions at terminals in Jebel Ali, Turkey, Rotterdam and India should see the group’s throughput top 80m TEU (Twenty-foot equivalent unit) in 2015, keeping it on track to hit its 2020 goal of 100m TEU.