DP World takes Kaohsiung terminal

Global terminal operator DP World has signed an MoU with Taiwan International Ports Corporation (TIPC) to develop Kaohsiung Port’s Terminal 7.

“The agreement marks the beginning of a joint effort to seek future business opportunities and to steer growth in Taiwan’s port infrastructure, while enhancing the country’s trade potential by establishing seamless cargo movement across its supply chain,” DP World said in a statement.

To date, berth concessions in Taiwan have been steered towards shipping lines. DP World becomes the first global port operator to take a concession on the island.

“Kaohsiung was once a fishing village as was Dubai and we have a common experience,” DP World group chairman and CEO Sultan Ahmed Bin Sulayem, said.

“Kaohsiung has the potential to benefit from our operational efficiencies in the region. It has enough container capacity to serve immediate growth in Taiwan but does not yet have the capability to attract new growth resulting from the ultra large container vessels added to linehaul services. This MoU marks the intention to tackle this challenge,” said DP World Asia Pacific managing director Rashid Abdulla.