Dubai Maritime City has signed a land lease (Mustaha) agreement for 25 years with ship repair and building entity, Dubai Shipbuilding.
Hyundai Mipo Dockyard has received an order worth US$250mn to build four chemical tankers for Kuwait.
DP World plans to spend US$850mn on investment over the next three years to expand its key Jebel Ali port that will increase its capacity to 19 million TEU by 2014 and to create 1,000 new jobs at the new terminal.
DP World continues to see strong demand in Dubai and at its global operations as the company saw a 10 per cent increase in cargo volumes.
Cargotec has been chosen as the preferred partner to supply 40 Kalmar automatic stacking cranes with related technology and 28 Kalmar shuttle carriers to DP World's deepsea container port London Gateway.
Alain Charles Middle East FZ-LLC
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