Independent journal on economy and transport policy
03:02 GMT+1
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DP World makes official the cession of the quotas in DP World Breakbulk and Dubay & Aden Port Development
The purchasers are Orienta and Yemen Gulf Aden Ports Corporation
September 20, 2012
DP World has confirmed the cession of activity in the ports of Antwerp and Aden. The terminalista group of Dubay has made official the sale for total 61,0 million dollars of its participation of 60% in the branch Belgian DP World Breakbulk and its connected Aprojects to Orienta NV of Antwerp ( on 12 September 2012). The agreement has been undersigned yesterday and the cession will be capacity to term within the end of this year.
Moreover DP World has announced to have reached an agreement for the cession of own quota in joint venture joint Dubay and Aden Port Development Co. (DAPDC), that it manages the container terminal Aden Container Terminal (ACT) of the port of Aden, to the partner Yemen Gulf Aden Ports Corporation (YGAPC) for 27 million dollars ( on 27 August 2012). By therefore DP World more it is today not involved in the management of the terminal of Aden, that it is operated by the single Aden Port Development Co. , society integrally controlled from the YGAPC. The group of Dubay and YGAPC has specified that the agreement is reached on friendly bases.
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