DPA to challenge rivals

Dubai Ports Authority looks set to increase its network by acquiring at least a dozen more ports worldwide.

  • E-Mail
By  Laura Barnes Published  May 25, 2005

Dubai Ports Authority (DPA) has said it is interested in running more terminals in China and India, in order to tap into the growing economies and challenge rivals including Singapore’s PSA International. DPA, which bought terminal operations in Hong Kong and China from CSX Corp last year, are now in talks with a dozen or more ports around the world as part of a plan to more than double capacity to 20 million containers a year. “They have entered quite aggressively into the game, and raised the stakes for competitors,” said Neil Davidson, ports director, Drewry Shipping Consultants. Dubai Ports, which handled eight million containers in 2004, last year beat Whampoa Hutchison and PSA International, the world’s second-largest handler, to take over terminals operated by Jacksonville, Florida-based CSX, giving the port authority a foothold in China, where it hopes to increase its business. With the assets it has Dubai Ports expects to handle 12 million containers this year, potentially putting it ahead of its closest rival, Eurogate GmbH & Co, and plans for the future look set to increase this throughput. “The CSX deal last year filled the gap in our global network, and we are always looking for more opportunities, especially in the far-east region,” said Sultan Ahmed bin Sulayem, executive chairman, Jafza. DPA is also in discussions with Yemen to manage container facilities at Aden, as well as possible plans to negotiate with Egypt over managing the port of Alexandria.

Add a Comment

Your display name This field is mandatory

Your e-mail address This field is mandatory (Your e-mail address won't be published)

Security code