Independent journal on economy and transport policy
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DP World will manage according to container a terminal in Canada
Agreement in order to acquire the Fairview Container Terminal of Maher Terminals
April 2, 2015
the North American harbour market is a land on which the terminalista group DP World of Dubay it has completed fast been left over and equally repentini ripiegamenti. In the 2005 Middle Eastern group it acquired the American terminalista society CSX Terminals World for 1,15 billion dollars. At the beginning of the successive year it was the time of the acquisition of group P&O to which a series of American terminaliste societies was under responsibility. Little months after DP World it yielded the American harbour terminals to Global AIG Investment Group. To the short but intense season of acquisitions and dismissioni of terminalistiche activities in America North the branch Canadian DP World Vancouver is survivor single, than work in the main ports of the British Columbia and mainly the terminal for Centerm containers in the port of Vancouver(of 9 December 2004, 23 February and 29 November 2005, 26 and 27 January, 10 and 13 February and 11 Decembers 2006).
Today the group of Dubay has announced a new acquisition in America North. DP World in fact has signed an agreement in order to buy from Deutsche Bank the Fairview Container Terminal of the terminalista society Maher Terminals who is situated in the Canadian port of Prince Rupert, in the British Columbia. The purchase, than previews itself will be carried to term in the second half of this year, will happen for 580 million dollars Canadian (USA 457 million dollars).
Currently the Fairview terminal has a containerized trade ability pairs to 850 thousand teu per year, but it is in program a phase of widening of the system that will elevate the ability to 1,35 million teu. The contract of concession in whose aimed at Maher Terminals it manages the Canadian terminal will expire in 2034 with extension of the duration to 2056 to happened completion of the phase of widening of the terminal that is previewed will be capacity to term in the first semester of 2017. DP World has moreover in purpose to ulteriorly increase the ability to traffic of the Fairview terminal carrying it 2,45 million teu.
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